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1 Math 204 FINITE MATHEMATICS FOR BUSINESS Fall, 2015 SECTION 002 003 TIME 8:00AM-9:00AM 9:10AM-10:10AM DAYS MTuWF MTuWF ROOM Swart 5 Swart 5 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 Exam 1 TOPICS Chapters 1,2 DATE October 5, 2015 Exam 2 Chapters 3,4 November 10, 2015 Exam 3 Chapters 5,6 Location Testing Center (In the basement of Polk Library) Testing Center December 16, Testing Center 2015 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 week when there is no exam. 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: Some homework assignments will be given on the WebWork, an online homework system. Late WebWork homework will NOT be accepted. 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 the problems in order to learn the proper application of the techniques and concepts covered in the text. 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) Homework Assignments/Group Projects: 80 points Total=470 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. LAST DAY TO DROP WITHOUT LATE DROP REQUEST FORM OR WITHDRAW: 10/23/2015 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 or in the airplane mode 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 9-Sep 11-Sep 14-Sep 15-Sep 16-Sep 18-Sep 21-Sep 22-Sep 23-Sep 25-Sep 28-Sep 29-Sep 30-Sep 2-Oct 5-Oct 6-Oct 7-Oct 9-Oct 12-Oct 13-Oct 14-Oct 16-Oct 19-Oct 20-Oct 21-Oct 23-Oct 26-Oct 27-Oct 28-Oct 30-Oct 2-NOv 3-NOv 4-NOv 6-NOv 9-Nov 10-Nov 11-Nov 13-Nov 16-Nov 17-Nov Topics Sec 1.1, 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. 2.2 Sec. 2.3 Sec. 2.4 Sec. 2.5 Sec. 2.6 Sec. 2.7 Review Quizzes/Exams Quiz 1 Quiz 2 Quiz 3 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 #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 #7,9,13,15,17,19,21 Webwork Assignments Y Y Y Y Y Y Y Y Y Y Y Y Y Exam 1 Sec. 3.1 Sec. 3.2 Sec. 3.2 Sec. 3.3 Sec. 3.4 Sec. 3.4 Sec. 3.3, Sec. 3.4 Sec. 4.1 Sec. 4.1, Sec. 4.2 Sec. 4.2 Sec. 4.3 Sec. 4.3 Sec. 5.1 Sec. 5.2 Sec 5.2 Sec. 5.3 Sec. 5.3 Sec. 5.4 Review Class is cancelled #5, 9,11,13,15,16,17 #1,3,7,9,11,13,17,19,21,23,25 Y Y #5,7,9,11,13 #1,3,7,9,11,13,17,19,21,23,25 Y Y Quiz 4 #1,3,5,11 Quiz 5 Quiz 6 Quiz 7 #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 Y Y #1,3,5,7,8,9,10 Y #1, 3, 5, 7, 9, 11, 14, 15, 17 Y #1, 3, 5, 6, 7, 8, 9, 11, 12, 13, 14 Y #1, 3, 5, 6, 7, 9, 11 Y Exam 2 Sec. 5.4 Sec. 5.5 Sec. 5.5 Sec. 5.6 5 18-Nov 20-Nov 23-Nov 24-Nov 25-Nov 27-Nov Sec. 5.6 Sec. 5.6 Sec. 6.1 Sec. 6.1 30-Nov 1-Dec 2-Dec 4-Dec 7-Dec 8-Dec 9-Dec 10-Dec 14-Dec 15-Dec 16-Dec Sec. 6.2 Quiz 8 #1, 3, 5, 7, 9,10,11,12,13,15 Y Y Thanksgiving recess Sec. 6.2 Sec. 6.2 Sec. 6.3 Sec. 6.3 Sec. 6.3 Sec. 6.4 Sec. 6.4 Review Review Quiz 9 Quiz 10 Exam 3 #1,2,3,4,5,6,7,9,11, 12, 13, 15, 17, 19 Y #1,3,5,7, 9, 10, 11, 13 Y #1, 3, 5, 7, 9, 11, 13, 15 Y