MTH 2000: Managerial Mathematics

Description

Surveys mathematical analysis techniques used in work and everyday-life situations. Topics include an introduction of linear functions, matrices, logic, mathematics of finance, probability, and counting techniques along with their applications.

Outcomes

  1. Solve linear economic models such as supply and demand and break-even analysis.
  2. Apply basic algebraic concepts to systems of linear equations.
  3. Explain how to solve certain analytical problems using matrix algebra.
  4. Apply finite mathematical principles to financial concepts in business.
  5. Use combinatorics to compute probabilities where outcomes are equally likely.
  6. Apply basic probability theory to the three main canonical events.
  7. Calculate measures of central tendency to include mean, median, and mode.
  8. Calculate measures of dispersion (range, variance, standard deviation).
  9. Interpret the appropriate outcome for normally distributed data.

Prerequisites

None

Textbook(s)

Finite mathematics (Rev: 11th ed.)

Publisher: Pearson (2016)
Author: Lial, M. L., Greenwell, R. N., & Ritchey, N. P.
ISBN: 978-0-32-197943-8
Price: $246.29

* Disclaimer: Textbooks listed are based on the last open revision of the course. Prior revisions and future revisions may use different textbooks. To verify textbook information, view the course syllabus or contact Student Services at students@waldorf.edu