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1 Math 204 FINITE MATHEMATICS FOR BUSINESS Spring, 2016 SECTION 001 002 TIME 8:00 AM -9:00AM 9:10 AM -10:10AM DAYS MTuWF MTuWF ROOM Swart 302 Swart 302 INSTRUCTOR: Dr. Hong Zhang OFFICE: Swart 206 PHONE: 424-7353 E-MAIL: zhang@uwosh.edu OFFICE HOURS: 10:20-11:20 AM (MTuWF) , or by appointment. TEXT: Finite Mathematics for Business, Fall 2015-Summer 2016 version , by Zoubir Benzaid, K.L.D. Gunawardena, Kandasamy Muthuvel and Steven Winters. PREREQUISITE: Mathematics 103 or 108 with a grade of C or better. ABOUT THE COURSE: We will cover Chapters 1-6 CALCULATOR: TI-83 / TI-83 Plus / TI-84 / TI-84 Plus Graphing Calculator is required EXAMS: There will be three exams: Exam 1 EXAM TOPICS Chapters 1,2 DATE March 9, 2016 Exam 2 Chapters 3,4 April 13, 2016 Location Testing Center (In the basement of Polk Library) Testing Center Exam 3 Chapters 5,6 May 11, 2016 Testing Center In the event that classes are officially canceled on the day of a quiz, you should assume that the quiz will be given the next day that the class meets. QUIZZES: Quizzes will be given in the weeks when there are no exams. MAKE-UP EXAMS/QUIZZES will be given only when student has a valid university excuse. Please contact me as soon as you can if such circumstances occur. If a make-up exam/quiz is allowed, it may contain a different number of questions and/or different types of questions. GROUP PROJECTS: There will be group projects throughout the semester. There will be NO make-ups on group projects. 2 HOMEWORK: WebWork assignments: Some homework assignments will be given on the WebWork, an online homework system. Please pay attention to the due date of each problem set. Late WebWork homework will NOT be accepted. Textbook assignments: Problems from the text will also be assigned each day. While the solutions to these assigned problems in the text will NOT be collected, you should do these problems in order to learn the proper application of the techniques and concepts covered in the text. Solutions to the odd problems can be found on D2L. GRADING POINTS: Exams 1-3 [100 points each], total for exams: 300 points Quizzes [10 points each], total for quizzes: 90 points (9 out of 10 quizzes count) Webwork Assignments/Group Projects: 70 points Total=460 points GRADING SCALE: PERCENTAGE 90%-100% 87%-89.999% 84%-86.999% 81%-83.999% GRADE A AB+ B PERCENTAGE 78%-80.999% 75%-77.999% 70%-74.999% 66%-69.999% GRADE BC+ C D+ PERCENTAGE 63%-65.999% 60%-62.999% 0%-59.999% GRADE D DF ATTENDANCE: You will be expected to attend to classes regularly. If you miss a class, you are responsible for all material covered, assignments and all announcements made that day. Tutor Lab: Tutors are available for Math 204 at the Math Tutor lab in Swart 113. LAST DAY TO DROP WITHOUT LATE DROP REQUEST FORM OR WITHDRAW: 3/16/2016 ACADEMIC INTEGRITY: You are expected to be “responsible for the honest completion and representation of your own work.” CELL PHONES: All cellular phones, pagers, iPod and other electronic equipment should be turned off and put away during class period. 3 GENERAL GOALS AND OBJECIVE FOR THE COURSE: Identify the basic graphs and properties of polynomial, rational, exponential, and logarithmic functions. Apply the knowledge of functions to business applications such as simple, compound or continuous compound interest, ordinary annuities, finding the maximum or minimum for quantities which are quadratic functions, and finding break even points. Use geometric method to solve linear programming problems. Interpret information as an objective function with constraints, set up the linear programming problem, solve the problem and interpret the result in the context of the problem. Use basic counting techniques and calculate probabilities, including conditional probabilities. Apply the mathematical knowledge of probability to business problems and interpret the results. Represent data with graphical and numerical summaries. Calculate probabilities for binomial and normal distributions. Apply the statistical skills to problems in various business settings and interpret the results. COURSE DESCRIPTION: The first course in mathematics for business students is divided into five parts: Basic Algebra Review, Functions, Mathematics of Finance, Systems of Linear Equations, Linear Programming, Probability and Statistics. The course will cover all the material of the text. The course will cover the following topics. Algebra Review: Algebra and Real Numbers, Operations on Polynomials, Rational Expressions, Integer Exponents and Scientific Notation, Rational Exponents and Radicals, Factoring Polynomials, Quadratic Equations. Functions: Linear, quadratic, rational, exponential and logarithmic function. Transformation of functions and graphing. Mathematics of Finance: Simple and compound interest, future value and present value of annuities, sinking funds, and amortization. Linear Programming: Systems of linear inequalities in two variables, geometric approach to solving linear programming problems in two variables. Probability and Statistics: Operations on sets, counting techniques including permutations and combination, basic properties of probability, conditional probability, Bayes formula, random variables, expected values and variance . Binomial distribution and normal distribution. 4 DAILY SCHEDULE: (Tentative) Date 1-Feb 2-Feb 3-Feb 5-Feb 8-Feb 9-Feb 10-Feb 12-Feb 15-Feb 16-Feb 17-Feb 19-Feb 22-Feb 23-Feb 24-Feb 26-Feb 29-Feb 1-Mar 2-Mar 4-Mar 7-Mar 8-Mar 9-Mar 11-Mar 14-Mar 15-Mar 16-Mar 18-Mar 28-Mar 29-Mar 30-Mar 1-Apr 4-Apr 5-Apr 6-Apr 8-Apr 11-Apr 12-Apr 13-Apr 15-Apr Topics Sec 1.1, Sec. 1.2 Sec 1.2, Sec. 1.3 Sec. 1.4 Sec. 1.5 Sec. 1.6 Sec. 1.7 Sec. 1.8 Sec. 2.1 Sec. 2.1 Sec. 2.2 Sec. 2.2 Sec. 2.3 Sec. 2.4 Sec. 2.5 Sec. 2.6 Sec. 2.6, Sec. 2.7 Sec. 2.7 Sec. 3.1 Sec. 3.2 Sec. 3.1, Sec. 3.2 Sec. 3.3 Review Quizzes/Exams Quiz 1 HW Assignments 1.1 #5, 1.2, #1,3 1.3 #3,7,11,13,15,17,21,23,25 #1,3,5,9,11,15,17,23 #7,11,13,15,19,27,31,37,41 #1,3,5 # 1,3,9,17,19, 39,41,43,51 #1,5,7,13,17,25,29 #3,9,11,13,15,17,19 #5,7,11,13,17,19 Quiz 2 #5,7,9,11,13,15,19 #1, 5,7, 9, 11,17,19 #1, 3,5,9,11,15,19 #5,7,9,11,15,19 Quiz 3 #7,9,13,15,17,19,21 #5, 9,11,13,15,16,17 #1,3,7,9,11,13,17,19,21,23,25 Quiz 4 #5,7,9,11,13 Exam 1 Sec. 3.3 Sec. 3.4 Sec. 3.3,Sec. 3.4 Sec. 4.1 Sec. 4.1, Sec. 4.2 Quiz 5 March 20-March 27, 2015: Sec. 4.2 Sec. 4.3 Sec. 4.3 Sec. 5.1 Quiz 6 Sec. 5.2 Sec 5.2 Sec. 5.3 Sec. 5.3 Quiz 7 Sec. 5.4 Review Exam 2 Sec. 5.4 #3,5,7,8,9,10,11,12,13, 15 #1,3,5,11 Spring Break #1,3,5,6,7,9,10 #1,3,5,6, 7, 8 #1,3,5,7,9,11,13 #1,3,5,6,7,9,10 #1,3,5,7,8,9,10 #1, 3, 5, 7, 9, 11, 14, 15, 17 5 18-Apr 19-Apr 20-Apr 22-Apr 25-Apr 26-Apr 27-Apr 29-Apr 2-May 3-May 4-May 6-May 9-May 10-May 11-May 13-May Sec. 5.5 Sec. 5.5 Sec. 5.6 Sec. 5.6 Sec. 6.1 Sec. 6.1 Sec. 6.2 Quiz 8 No class Quiz 9 will be given at the testing center Sec. 6.2 Sec. 6.3 Sec. 6.3 Sec. 6.4 Sec. 6.4 Review #1, 3, 5, 6, 7, 8, 9, 11, 12, 13, 14 #1, 3, 5, 6, 7, 9, 11 #1, 3, 5, 7, 9,10,11,12,13,15 #1,2,3,4,5,6,7,9,11, 12, 13, 15, 17, 19 #1,3,5,7, 9, 10, 11, 13 #1, 3, 5, 7, 9, 11, 13, 15 Quiz 10 Exam 3