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MAT131 - Finite Mathematics for Business

Syllabus, Fall 2012

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 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 22/510 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

1. All students are expected to attend class as well as complete assignments and readings outside of class.
 
2. If a student misses a class, the individual is responsible for the work missed. 
 
3. In the case of: (a) hospitalization or serious illness (as determined by a physician), (b) Asbury University approved group event or travel (i.e., class trip, athletic team trip, etc.), (c) death or serious illness of family member, or (d) other unusual circumstance, the registrar will issue an excused absence (with permission to make up work) to be presented to the instructor.  Students may not be penalized for any absence approved by the Registrar’s Office.  Decisions regarding absences resulting from such circumstances as travel difficulties, bad weather, conflicting schedules, oversleeping, minor sickness, doctor or dentist appointments, job interviews, discretionary trips (such as weddings), and family responsibilities will be left to the discretion of the instructor.
 
4. A student may miss without excuse 4 class hours per 3 credit-hour class.
            Example: A 3 credit hour class that meets MWF may miss 4 class periods
                        A 3 credit hour class that meets TR may miss 3 class periods
 
5. A student may miss without excuse 1 class hour per 1 credit-hour class.

ACADEMIC INTEGRITY

The work (homework, Excel assignment, quiz or test) submitted by a student is expected to be the product of the student alone. In this course, cheating includes unauthorized collaboration (giving or receiving help from some person) and unauthorized access to sources (including notes, cheat sheets, digital documents, and so on). Incidents of academic dishonesty will be recorded in your permanent file. In addition, the following penalties will apply:

You can find Asbury University's complete academic integrity policy in the university bulletin at the following link:

http://www.asbury.edu/offices/registrar/bulletin/academic-policies/general-policies

TUTORING SERVICES

The Center for Academic Excellence has tutors available to meet with you to work on a full range of academic meets. If you find yourself struggling in any of your classes, please contact them, and they will work to match you with a tutor ASAP. Services are all FREE, so take advantage of the opportunity! If there is not currently a tutor for the specific class for which you are requesting assistance, the CAE will do its best to work with your professor to find a student who can assist you.

To apply for a tutor, please locate the application on the CAE website http://www.asbury.edu/academics/cae.

The CAE is located in KL 139 (basement of Kinlaw Library). You can send emails to tutoring@asbury.edu or call at campus extension 2196.

TENTATIVE COURSE SCHEDULE

Month Day Quiz Activity or Material Covered
       
Aug 20   Ch. 3-1: Simple InterestSolutionHomeworkLab
  22   Ch. 3-2: Compound Interest SolutionHomework
  24   Ch. 3-2: Growth and Time, APYHomeworkLab
       
  27 Quiz 1 Ch. 3-3: Sinking Funds SolutionHomework
  29   Ch. 3-3: Sinking FundsHomeworkLab
  31 Quiz 2 Ch. 3-3: Amortization SolutionHomework
       
Sep 3   Labor Day Holiday
  5   Ch. 3-4: AmortizationHomeworkLab
  7   Ch. 4-1: Systems of Linear Equations SolutionHomework
       
  10   Test 1 (Ch. 3) (Sample Test
  12   Ch. 4-1: Systems of Linear Equations SolutionHomework
  14   Ch. 4-2: Augmented Matrices (TI-83) SolutionHomework
       
  17 Quiz 3 Ch. 4-2: Augmented Matrices SolutionHomework
  19   Ch. 4-3: Gauss-Jordan EliminationSolutionHomework Lab
  21   Ch. 4-4: Basic Matrix OperationsSolutionHomework
       
  24 Quiz 4 Ch. 4-5: Inverse of a Square Matrix Solution HomeworkLab
  26 Quiz 5 Ch. 4-6: Matrix Equations (TI-83) SolutionHomeworkLab
  28   Ch. 4-6: Matrix EquationsSolution
       
Oct 1   Test 2 (Ch. 4) (Sample Test)
  3   Ch. 5-1: Linear Inequalities SolutionHomework
  5   Ch. 5-2: Systems of Linear Inequalities SolutionHomework
       
  8   Ch. 5-2: Systems of Linear InequalitiesSolutionHomework
  10   Ch. 5-3: Geometric Approach to Linear Programming SolutionHomework
  12   Ch. 6-1: Geometric Introduction to Simplex Method SolutionHomework
       
  15 Quiz 6 Ch. 6-2: The Simplex Method SolutionHomework
  17   Ch. 6-2: The Simplex Method SolutionHomework
  19   Fall Break
       
  22   Ch. 6-2: The Simplex Method Solution Lab
  24 Quiz 7 Ch. 6-3: Dual Problem SolutionHomework
  26   Ch. 6-3: Dual Problem SolutionLab
       
  29   Ch. 7-2: Sets SolutionHomework
  31   Test 3 (Ch. 5-6) (Sample Test)
Nov 2   Ch. 7-3: Basic Counting PrincipleSolutionHomework
       
  5   Ch. 7-4: Permutations and CombinationsSolutionHomework
  7   Ch 7: General Counting ProblemsSolutionHomework
  9   Ch. 8-1: ProbabilitySolutionHomework
       
  12 Quiz 1 Ch. 8-1: SimulationSolutionHomeworkLab
  14   Ch. 8-2: Union, Intersection, and ComplementSolutionHomeworkLab
  16  Quiz 1 Ch. 8-2: Union, Intersection, and ComplementSolutionHomework
       
  19   Ch. 8-3: Conditional Probability Solution Homework
  21   Thanksgiving Break
  23   Thanksgiving Break
       
  26   Ch. 8-3: Conditional Probability SolutionHomework
  28 Ch. 8-4: Baye's Formula SolutionHomework
  30   Ch. 8-4: Baye's Formula SolutionHomework
       
Dec 3 Quiz 1 Ch. 8-5: Expected Value SolutionHomework
  5   Ch. 8-5: Expected Value SolutionHomeworkLab
  7   Ch. 8-5: Expected Value SolutionHomework
       
  11   Test 4 (Ch. 7-8) at 10:30 A.M. (Sample Test)