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MAT131 - Finite Mathematics for Business

Syllabus, Fall 2011

Three (3) Credit Hours
Room: HR 312
Time: 1:00 - 1:50 p.m. (M, W, F)
Office Hours: As shown below and by appointment.

Fall 2010 Schedule

Text: College Mathematics for Business, Economics, Life Sciences, and Social Sciences, 11th ed.; Barnett, Ziegler, and Byleen; Pearson Prentice Hall; 2008

Calculator: TI-83

Prerequisite: MAT 100 or ACT/SAT Math score of 21/480 or higher.

COURSE OBJECTIVES

MAT 131 includes topics from mathematics of finance, systems of linear equations, matrices, linear programming, sets, counting, and probability with applications to business and economics. A student successfully completing every aspect of this course should be able to

HANDOUTS

Handouts are indicated by a Handout Icon icon on the tentative course schedule below. The icon is a link to a Microsoft Word document that you should print out and bring to class with you. You should get in the habit of bringing your TI-83 calculator and the day's handout to class every time we meet.

After we have discussed the material for the day, the Handout Icon icon will become a solution icon icon which is a link to a Word document that details the solutions to that day's example problems.

ASSIGNMENT OF GRADES

Grades will be based on the following activities:

1. Four exams worth 100 points each. The first three exams will be given during regular class time and the fourth exam will be given during the normal final exam period. You'll find a links to practice tests on the tentative course schedule below.

2. Eleven laboratory assignments worth 10 points each. For each assignment, you complete an Excel workbook using a computer in one of the computer labs or your own Windows computer (sorry, Macs won't work). Each assignment is indicated by a Lab Icon icon in the tentative course schedule given below. The icon is shown on the date the assignment is given. The icon is a link to the assignment webpage. The assignment is due at the beginning of the next class period. Lab assignments turned in late will receive no credit unless I determine that there were extenuating circumstances. The two lowest lab scores will be dropped.

3. Ten quizzes worth 10 points each. A quiz is indicated by a Quiz Icon icon in the tentative course schedule below. The icon is shown on the day of the quiz. The icon is a link to a sample quiz. Quizzes are given at the beginning of the class period and all quizzes will be collected at the same time. Consequently, students arriving to class late will have less time to complete the quiz. The lowest quiz score will be dropped.

4. Thirty-eight homework assignments worth 5 points each. Homework assignments are indicated by a Homework Icon icon. The icon is shown on the date the assignment is given. The icon is a link to the assignment web-page. The assignment is due at the beginning of the next class period. Homework assignments turned in late will receive no credit unless I determine that there were extenuating circumstances. The 4 lowest homework scores will be dropped.

GRADING SCALE

Letter grades are assigned on the basis of the number of points earned out of the 750 points possible:

Grade Points
   A 698 - 750
   A- 675 - 697
   B+ 653 - 674
   B 623 - 652
   B- 600 - 622
   C+ 578 - 599
   C 548 - 577
   C- 525 - 547
   D 450 - 524
   F 000 - 449

ATTENDANCE POLICY

In MAT 131, a student who is absent sixteen or more times and who is passing the course will receive a grade of "N" (no credit). If such a student is failing the course then the student will receive a grade of "F" instead. A student is absent if (s)he is not present at the beginning of class. Note that under this policy there is no such thing as a "tardy". Make-up tests and quizzes will be given only if the student arranges it AHEAD of time or if the absence is officially "excused" or I determine that there were extenuating circumstances.

ACADEMIC INTEGRITY

The work submitted by a student is expected to be the product of the student alone. Cheating, in any form, will result in a grade of zero for the work involved. Students who give assistance to other students will suffer the same penalty. Multiple occurrences will be dealt with under the policies established by the university.

TENTATIVE COURSE SCHEDULE

Month Day Quiz Activity or Material Covered
       
Aug 22   Ch. 3-1: Simple InterestSolutionHomeworkLab
  24   Ch. 3-2: Compound Interest SolutionHomework
  26   Ch. 3-2: Growth and Time, APYHomeworkLab
       
  29 Quiz 1 Ch. 3-3: Sinking Funds SolutionHomework
  31   Ch. 3-3: Sinking FundsHomeworkLab
Sep 2 Quiz 2 Ch. 3-3: Amortization SolutionHomework
       
  5   Labor Day Holiday
  7   Ch. 3-4: AmortizationHomeworkLab
  9   Ch. 4-1: Systems of Linear Equations SolutionHomework
       
  12   Test 1 (Ch. 3) (Sample Test
  14   Ch. 4-1: Systems of Linear Equations SolutionHomework
  16   Ch. 4-2: Augmented Matrices (TI-83) SolutionHomework
       
  19 Quiz 3 Ch. 4-2: Augmented Matrices SolutionHomework
  21   Ch. 4-3: Gauss-Jordan EliminationSolutionHomework Lab
  23   Ch. 4-4: Basic Matrix OperationsSolutionHomework
       
  26 Quiz 4 Ch. 4-5: Inverse of a Square Matrix Solution HomeworkLab
  28 Quiz 5 Ch. 4-6: Matrix Equations (TI-83) SolutionHomeworkLab
  30   Ch. 4-6: Matrix Equations
       
Oct 3   Test 2 (Ch. 4) (Sample Test)
  5   Ch. 5-1: Linear Inequalities SolutionHomework
  7   Ch. 5-2: Systems of Linear Inequalities SolutionHomework
       
  10   Ch. 5-2: Systems of Linear InequalitiesSolutionHomework
  12   Ch. 5-3: Geometric Approach to Linear Programming SolutionHomework
  14   Ch. 6-1: Geometric Introduction to Simplex Method SolutionHomework
       
  17 Quiz 6 Ch. 6-2: The Simplex Method SolutionHomework
  19   Ch. 6-2: The Simplex Method SolutionHomework
  21   Fall Break
       
  24 Quiz 7 Ch. 6-2: The Simplex Method Solution Lab
  26   Ch. 6-3: Dual Problem SolutionHomework
  28   Ch. 6-3: Dual Problem Solution
       
  31   Ch. 7-2: Sets SolutionHomework
Nov 2   Test 3 (Ch. 5-6) (Sample Test)
  4   Ch. 7-3: Basic Counting PrincipleHandoutSolution
       
  7   Ch. 7-4: Permutations and CombinationsSolutionHomework
  9   Ch 7: General Counting ProblemsSolutionHomework
  11   Ch. 8-1: ProbabilitySolutionHomework
       
  14 Quiz 1 Ch. 8-1: SimulationSolutionHomeworkLab
  16   Ch. 8-2: Union, Intersection, and ComplementSolutionHomeworkLab
  18  Quiz 1 Ch. 8-2: Union, Intersection, and ComplementSolutionHomework
       
  21   Ch. 8-3: Conditional Probability Solution Homework
  23   Thanksgiving Break
  25   Thanksgiving Break
       
  28   Ch. 8-3: Conditional Probability SolutionHomework
  30 Ch. 8-4: Baye's Formula SolutionHomework
Dec 2   Ch. 8-4: Baye's Formula SolutionHomework
       
  5 Quiz 1 Ch. 8-5: Expected Value SolutionHomework
  7   Ch. 8-5: Expected Value SolutionHomeworkLab
  9   Ch. 8-5: Expected Value SolutionHomework
       
  13   Test 4 (Ch. 7-8) at 10:30 A.M. (Sample Test)