Math 270: Managerial Mathematics
Spring 2007, 4 credits, MWF 9:00-9:50, R 10:00-10:50, MRC 346
Instructor: Richard J. Maresh, Assoc. Prof. and Chair, Dept. of Mathematics
Office: MC 521 Hours: MWF 10-11, R 9-10, M 1-2, or by appointment
Phone: 796-3655 (office), Email: email@example.com
Final Exam: Thursday, 10 May 2007, 12:50 – 2:50 p.m.
Catalog Course Description: Several topics applicable to the study of business are covered. In particular, the course considers systems of linear equations and linear programming, the mathematics of finance, and an introduction to the elementary calculus topics. Emphasis in the course is on applications. This is a General Education course: G9.
Prerequisite: acceptable score on placement exam or a grade of C or higher in Math 110.
Text: College Mathematics For the Managerial, Life, and Social Sciences (6th Edition), by S.T. Tan, Thompson Brooks/Cole Press, 2005.
General Education Core Skill Objectives
1. Thinking Skills: Students engage in the process of inquiry and problem solving, which involves both critical and creative thinking.
(a) The student understands the primary “big problems” this course addresses: paying off loans in a fixed number of equal payments (amortization), optimizing cost or profit functions subject to a set of linear constraints (linear programming), and finding rates of change and solving maximum/minimum problems (calculus).
(b) The student demonstrates the ability to read a problem, set up an appropriate equation, and use appropriate methods to solve the problem. This course is very explicitly about thinking skills.
2. Communication Skills: Students communicate effectively orally and in writing in an appropriate manner both personally and professionally.
(a) The student does group work (labs and practice exams) throughout the course, involving both written and oral communication.
(b) The student uses technology - graphing calculators and DERIVE and Excel in the computer labs - to solve problems and to be able to communicate solutions and explore options.
(c) The student will improve his or her ability to write logically valid and precise mathematical solutions.
3. Life Values: Students analyze, evaluate, and respond to ethical issues from informed personal, professional, and social value systems.
(a) The student develops an appreciation for the intellectual honesty of mathematical reasoning.
(b) The student understands the need to do one’s own work, to honestly challenge oneself to master the material.
4. Cultural Skills: Students understand their own and other cultural traditions and demonstrate a respect for the diversity of the human experience.
(a) The student develops an appreciation of the history of linear programming and calculus and the role played by mathematics in business problems.
(b) The student learns to use the language of mathematics - symbolic notation - correctly and appropriately.
Specific Course Goals:
1. Students will participate in a formal assessment of their algebra skills and do appropriate work to improve their skill level to what this course requires.
2. Students will learn mathematical concepts that apply to business (as determined by the business school).
3. Students will learn how to apply mathematics to various types of business-related problems.
4. Students will improve their problem solving skills.
5. Students will learn to use technology, specifically graphing calculators and computer software, to solve a variety of problems.
6. Students will improve their mathematical reasoning skills.
7. Students will improve their ability to communicate, primarily in writing, mathematical ideas.
Brief Course Outline:
1. Systems of Linear Equations, Matrices.
2. Linear Programming – Graphical and Simplex Solutions.
3. Financial Mathematics – Annuities and Amortization.
4. Differential Calculus – Limits, Continuity, Derivatives, Applications.
Attendance: Very few students seem able to learn mathematical material independently, and it is therefore important to attend class and participate actively in these class meetings. I do not use attendance in a formal way as part of the grading process, but part of the commitment to success in the course is regular attendance. I include here a detailed schedule so that if you do have to miss a class you can keep up with the material, but it’s not the same – you simply miss out on a key part of the learning process if you miss a class meeting.
Blackboard: Because we meet four times per week I do not make extensive use of Blackboard, but I will use it for several things. I will store a copy of the syllabus there, under Course Documents. I will make occasional announcements through Blackboard. I might also use it for old exams or notes on some topic. Finally, I will use it to make available your in-progress grade throughout the semester.
Technology: I urge you to either purchase or borrow a graphing calculator if you do not already have one. I think a TI-84 type calculator would be a good one for this course. I will frequently use the overhead display unit with a TI-84 as we work through the material. We will also make some use of the Excel spreadsheet program for the linear programming topic.
Homework: The homework assignments (by the way, the listed assignments are intended to be done following the material presented on the given day – not to be due that day) are in fact the KEY to learning the material and therefore to success in the course. I cannot overstate this – you cannot learn the material unless you practice. Here’s an analogy: if you paid someone to give you piano lessons you would expect to have to practice, and you know that without practice your skills will never develop. Learning mathematics is just like that – Mathematics is NOT a spectator sport! I already know how to solve these problems, but the purpose of the course is not to convince you of that, but rather to put you in a situation in which you can, IF YOU PRACTICE ENOUGH, and if you are adequately prepared, succeed in learning the content and being able to do the problems.
The problems I have listed in the daily assignments should give you a basic idea of the types of problems you will be expected to solve. If you can convince yourself that you understand the particular topic well enough to do all the problems listed, you might not have to actually work them, but you should at least work enough to test yourself. The single biggest mistake a math student makes is to look at a problem and say, “I think I can do this,” without actually trying it. These are the students who say, “It looks easy when you do them in class, but on the exam I ‘blanked’.”
At each exam you will be expected to show me that you can work problems that are very much like the ones you are supposed to have practiced. I know your program requires a “C” in a support course like this, and I can tell you that while the vast majority of students do earn the credit, there are always a few who don’t. You simply will not be successful unless you work at it!
My teaching style includes discussion and question-answering. You will only have questions to ask if you have put in the time trying to work the problems. Only then will you specifically know what you don’t yet understand.
As a rule of thumb, university students should expect to put in about TWO HOURS of study outside the classroom for every hour in the classroom. I know many students do not do this, but if you want to be successful here you should try to map out something like 8 (EIGHT) hours per week to study mathematics.
Quizzes: It is extremely important to stay on top of the class work; learning mathematics is something like learning to play the piano – you simply have to practice. To help insure that you do this I will frequently have a little 5-point quiz, based on the homework assignment from the previous class. This also amounts to a way of taking attendance and checking to see that you are doing the homework. I am trying to create a system that places value on class attendance and homework assignments.
Exams: When you take exams you may use your calculator and you may also construct a 1-page (both sides OK) set of notes. For the comprehensive exam you may use the notes from all your previous exams. I usually encourage students to basically outline the material and to write down what you think will be useful to you.
Academic Honesty: Cheating will not be tolerated. Exam questions and problems will be open-ended rather than multiple-choice, so it is harder to get answers from your classmates, and I generally ask you to show your work to receive full credit on a problem, which again makes it harder to lift answers from another. If I detect cheating on an exam you will be given a score of ZERO for that exam – it’s not worth it to cheat, and it is also unethical.
Daily quizzes 100 points (approximate)
Exams 300 points
Final exam 150 points
Labs 200 points (approximate)
Total: 750 points
The grades will then be assigned on the scale: A = 90%, B = 80%, C = 70%, D = 60%.
In my courses, there is not such thing as “extra credit” – I think your grade should reflect how well you have demonstrated your understanding of the material by successfully working problems.
As a general rule your grade for the course will be computed by including the final exam at its face value. However, I will adjust your grade upward if your score on the final exam is higher than your overall average throughout the course – in this case you will receive as a grade what you earned on the final exam.
Getting Help: The learning center makes tutoring help available, including drop-in math help (M 9-10, 2:30-3:30; T 9-10, 1:30-2:30; W 11-12, 2:30-3:30; R 11-12; F 10-11). If you seek tutoring help, make sure that you do not rely on it to the extent that you aren’t working problems on your own. The tutor won’t be at your side during an exam. Also feel free to come see me if you are having difficulty. Unfortunately, it is often only the strongest students who take advantage of the instructor’s office hours.
Disability Statement: If you are a person with a disability and require any auxiliary aids, services or other accommodations for this class, please see me and/or Wayne Wojciechowski, the campus ADA coordinator (MC 320, 796-3085), within ten days to discuss your needs. I want to include taking exams in the learning center under this category; you will need a written request from Wayne Wojciechowski before I will allow you to take exams there.
Disclaimer: I reserve the right to make adjustments to the schedule and the syllabus in general as we move through the course. This is a new edition of the text and it may turn out that some changes may be necessary.
MATH 270 Schedule: Spring 2007
Date Material Covered Suggested Minimal Assignment
15 Jan <1.1>, <1.2> Graphs of Lines p 8 # 1-37 odd; p 21 # 1-47 odd
17 Jan <1.3> Linear Functions p 37 # 5-21 odd, 29, 31
18 Jan <1.4> Intersection of Straight Lines p 51 # 3-13 odd; p 53 # 3-9 odd
19 Jan Lab #1
22 Jan <2.1> Systems of Linear Equations (1) p 79 # 1-11 odd, 17-23 odd
24 Jan <2.2> Systems of Linear Equations (2) p 92 # 3-13 odd, 21, 27, 29, 35-43 odd, 55, 57
25 Jan <2.3> Systems of Linear Equations (3) p 105 # 13-25 odd, 33, 37
26 Jan <2.4> Matrices p 117 # 19-23 odd, 37
29 Jan <2.5> Matrix Multiplication p 132 # 7-11 odd, 27, 31, 35, 43
31 Jan <2.6> Inverse of Square Matrices p 149 # 3-11 odd, 17, 19, 25, 37
1 Feb Lab #2
2 Feb <3.1> Linear Inequalities p 176 # 5-13 odd, 19-27 odd
5 Feb <3.2> Linear Programming Problems p 186 # 1-11 odd
7 Feb <3.3> Linear Programming: Graphical Solutions p 196 # 1-7 odd, 11-15 odd, 31, 33, 35
7 Feb <4.1> Simplex Method (1) p 223 # 1-19 odd, 29, 33
9 Feb <4.2> Simplex Method (2) p 243 # 1-13 odd, 21, 23
12 Feb Optimization Problems and Excel
14 Feb Lab #3
15 Feb Review …
16 Feb Group/Practice Exam #1 [25 points]
19 Feb Exam #1 [75 points]
21 Feb <9.1> Exponents and Radicals p 502 # 1-63 odd
22 Feb <13.1>, <13.2> Exponential and Log Functions p 818 # 1-41 odd; p 831 # 1-47 odd
23 Feb <5.1> Compound Interest p 261 # 3-33 odd
26 Feb <5.2> Annuities p 275 # 3-27 odd
28 Feb <5.3> Amortization, Sinking Funds p 288 # 3-27 odd
1 Mar Review…
2 Mar Lab #4
Mar – 11 Mar SPRING BREAK
12 Mar <9.2> Algebraic Expressions p 511 # 1-51 odd
14 Mar <9.3> Algebraic Fractions p 518 # 1-45 odd
15 Mar <9.4> Inequalities and Absolute Value p 524 # 1-45 odd
16 Mar Lab #5
19 Mar Group Practice Exam #2 [25 points]
21 Mar Exam #2 [75 points]
22 Mar <10.1> Functions and Graphs p 537 # 1-27 odd, 35-57 odd, 61, 65
23 Mar <10.2> The Algebra of Functions p 554 # 1-11 odd, 25-45 odd, 53, 59
26 Mar<10.3> Functions and Mathematical Models p 566 # 7-25 odd, 41, 45, 51
28 Mar <10.4> Limits p 590 # 1-13 odd, 17-37 odd, 49-67 odd
29 Mar <10.5> Continuity p 606 # 1-37 odd, 43-61 odd
30 Mar <10.6> The Derivative p 627 # 1-5 odd, 11, 13, 17-25 odd
2 Apr <11.1> Differentiation: Basic Rules p 647 # 1-37 odd, 41-49 odd, 53, 57, 63
4 Apr Lab #6
5 Apr – 9 Apr EASTER BREAK
11 Apr <11.2> Differentiation: Product and Quotient Rules p 661 # 1-45 odd, 51
12 Apr <11.3> Differentiation: Chain Rule p 674 # 1-45 odd, 49-57 odd, 61, 65, 69, 79
13 Apr <11.4> Marginal Analysis p 691 # 1, 3, 5, 9-17 odd
16 Apr Lab #7
18 Apr <12.1> Applications of the First Derivative p 740 # 1-21 odd, 37-59 odd, 79, 81, 85
19 Apr <12.2> Applications of the Second Derivative p 758 # 1-39 odd, 45-51 odd, 57-75 odd, 79, 85
20 Apr <12.4> Optimization (1) p 789 # 1-29 odd, 39, 41, 45, 47, 49
23 Apr <12.5> Optimization (2) p 803 # 1-9 odd, 13, 15, 17
25 Apr Lab #8
26 Apr Group Practice Exam #3
27 Apr Exam #3
30 Apr <13.3> Derivatives of Exponential Functions p 839 # 1-51 odd
2 May <13.4> Derivatives of Logarithmic Functions p 850 # 1-55 odd
3 May <13.5> Exponential Models p 859 # 1-19 odd
4 May Review…
Comprehensive Final Exam
: Thursday, 10 May 07, 12:50 – 2:50 p.m. [150 points]