Texas A&M University-Corpus Christi
Department of Mathematics and Statistics
MATH 1325 MATHEMATICS FOR BUSINESS

COURSE INFORMATION

COURSE DESCRIPTION

    This is a study of the relationships between fundamental concepts in mathematics and business applications. Topics will include permutations, combinations and probability, the mathematics of finance, and differential and integral calculus.

PREREQUISITES FOR THE COURSE

    ORMS 2370, MATH 1314 or an equivalent College Algebra course.

TEXTBOOK REQUIRED

Mathematics for Business Decisions; Part 2: Calculus and Optimization, by Thompson and Lamorouex, MAA, 2003.

COURSE OBJECTIVES

This course is designed to enable students to:

  1. Use critical thinking techniques to decide how to solve various types of word problems.
  2. Solve word problems that involve basic counting principles.
  3. Solve word problems that involve permutation and combinations.
  4. Solve word problems that involve sample spaces and events.
  5. Solve word problems that involve empirical probability.
  6. Solve word problems that involve the union, intersection, complements, and odds of events.
  7. Use a calculator to solve word problems that involve simple interest, compound interest, future value of an annuity, present value of an annuity, sinking funds, and amortization of loans
  8. Solve word problems dealing with business situations that involve differential and integral calculus techniques

INSTRUCTIONAL METHODS AND ACTIVITIES

    Lecture, class discussion, problem solving on the board, question and answer sessions, review session,

    and sessions involving problem solving analysis using critical thinking techniques.

EVALUATION AND GRADE POLICY

    Four equally weighted, required exams will be administered during the semester. Quizzes will be given in the class. The fifth score will replace the lowest one of your four previous scores if the replacement helps you. Each exam will be worth 100 points. Your course grade (average) will be determined on the following total point basis:

    Attendance 10%

    Homework 10%

    Tests 15% each (top 4 out of 5, final exam is required)

    Final 20% (comprehensive, calculator is allowed)

    A: 90 – 100, B: 80 – 89, C: 70 – 79, D: 60 – 69, F: 59 or below.

TENTATIVE COURSE SCHEDULE

    Please see next page. Changes to this TENTATIVE course schedule will be announced in class. You are responsible for being aware of changes in exam dates.

CLASS POLICIES.

    Attendance and homework are mandatory. Make-up exams are given only for highly extenuating circumstances. You must provide appropriate WRITTEN documentation of your reason for being absent from a scheduled exam. Make-up exams will be scheduled at the instructor’s discretion and convenience.

    You are the only person responsible for your registration in this class. If you do not wish to continue the course, you have to talk to your degree councilor. If you quit coming to class and do not drop, I will be forced to assign you a grade based on the work you have completed. This is usually an F. Please do not let this situation occur. If you have more than 6 (3 times) unexcused absences, your final grade will be dropped by "TWO"("One") letter grades.

COURSE ASSIGNMENTS

Students are expected to study the assigned sections prior to each class meeting.

Basically, five chapters will be covered – Chapter 4, 7, 8, 9, 10, and 11. After the material has been explained in class, students are expected to try to complete the assignments. You don’t learn mathematics by just reading and listening. You also learn mathematics by working problems yourself. The more problems you work, the more math skills you learn and to use them in the real life/world.

MATH-1325 TENTATIVE Course Schedule

Weeks Sections

Week 1 Ch. 4-1 (Simple Interest) and Ch. 4-2 (Compound Interest)

Week 2 Ch. 4-3 (Future Value of an Annuity; Sinking Funds);Ch. 4-4 (Present Value of an Annuity; Amortization)

Week 3 Ch. 4-5 (Chapter Review) and Exam #1 (Ch. 4)

Week 4 Ch. 7-1 (Basic Counting Principles); Ch. 7-2 (Permutations and Combinations)

Week 5 Ch. 7-3 (Sample Spaces and Events) and Ch. 7-4 (Empirical Probability)

Week 6 Ch. 7-5 (Random Variable, Probability Distribution, and Expectation)

Week 7 Review Chapter 7 and Exam # 2, (Chapter 7)

Week 8 Ch. 8-1 (Union, Intersection, and Complement of Events; Odds) And Ch. 9-3 (The Derivative)

Week 9 Ch. 9-4 (Derivatives of Constants, Power Forms, and Sums) and Ch. 9-7 (Marginal Analysis in Business and Economics)

Week 10 Review Ch. 8 and 9 AND Exam # 3 (Chapter 8 and 9)

Week 11 Ch. 10-4 (Optimization; Absolute Maxima and Minima)

Week 12 Ch. 11-1 (Antiderivatives and Indefinite Integrals)

Week 13 Repeated Ch. 11-1 and Ch. 11-3 (Definite Integrals)

Week 14 Ch. 11-4 (Area and the Definite Integral)

Week 15 Discuss the homework and review for the final

Week 16 Final Exam (Comprehensive)

BACK