Mathematics for Business & Social Sciences (Finite Mathematics)

The application of common algebra functions, including polynomial, exponential, logarithmic, and rational, to problems in business, economics, and social sciences are addressed. The applications include mathematics of finance (simple and compound interest, annuities), linear programming, matrices, systems of linear equations, applications to management, economics, and business. (The content level of MATH 1324 is expected to be at or above the level of college algebra, MATH 1314)

Competencies

To demonstrate competency in basic algebra skills, the student should be able to:
1. Use the Basic Real Number Properties.
2. Perform Operations on Polynomials.
3. Perform Operations on Rational Expressions.
4. Evaluate and Simplify Exponential Expressions.
5. Evaluate and Simplify Radical Expressions.
6. Factor Polynomials.
7. Solve Quadratic Equations.
To demonstrate competency in linear equations and inequalities, a student should be able to:
1. Solve Linear Equations and Inequalities in One Variable.
2. Solve Applied Problems Using Linear Equations.
3. Express Inequalities Using Graphs and Interval Notation
4. Graph Linear Equations.
5. Interpret Applied Problems Using Linear Equations, Linear Regression, and Their Graphs.
To demonstrate competency in elementary functions
1. Identify Elementary Functions from Equations and Graphs.
2. State the Domain and Range of a Function.
3. Evaluate Functional Expressions.
4. Graphs Elementary Functions Using Transformations.
5. Solve Business and Economic Applications Using Functions.
6. Use Properties of Quadratic Functions and Their Graphs.
7. Use Properties to Graph Polynomial and Rational Functions.
8. Use Properties to Graph Exponential and Logarithmic Functions.
To demonstrate competency in the mathematics of finance, a student should be able to:
1. Compute Simple Interest.
2. Compute Compound and Continuous Compound Interest.
3. Compute Future Value of an Annuity and Sinking Funds.
4. Work with Present Value of an Annuity and Amortization.
To demonstrate competency in solving systems of linear equations using matrices, a student should be able to:
1. Solve Systems of Linear Equations with Algebraic Methods.
2. Solve Systems of Linear Equations using Augmented Matrices
3. Solve Systems Equations with Gauss-Jordan Elimination Method
4. Organize and Interpret Data using Matrices.
5. Perform Operations with Matrices.
6. Solve Systems Equations using Matrix Equations Method.
To demonstrate competency in linear inequalities and linear programming, a student should be able to:
1. Graph Linear Inequalities in Two Variables.
2. Solve Systems of Linear Inequalities using Graphing Techniques.
3. Solve Linear Programming Problems Graphically.
To demonstrate competency in probability, a student should be able to:
1. Compute probabilities using sample spaces.
2. Determine the complement of an event, and calculate the corresponding probability.
3. Compute the probability of the union of two events.
4. Find and apply empirical probability.
5. Construct a probability distribution for a random variable.
6. Compute and apply the expected value of a random variable.

Campus Resources for Students

Weatherford:
The Academic Support Center is a free public tutoring service provided by the college, offered in LART- LL Room 2, 817-598-6278

Instructional videos

Computer assisted instruction

Instructor’s office hours

Course Learning Objectives

To demonstrate competency in basic algebra skills
To demonstrate competency in linear equations and inequalities
To demonstrate competency in elementary functions
To demonstrate competency in the mathematics of finance
To demonstrate competency in solving systems of linear equations using matrices
To demonstrate competency in linear inequalities and linear programming

Student Learning Outcomes

Upon successful completion of this course, the student will:

Apply elementary functions, including linear, quadratic, polynomial, rational, logarithmic, and exponential functions to solving real-world problems.
Solve mathematics of finance problems, including the computation of interest, annuities, and amortization of loans.
Apply basic matrix operations, including linear programing methods, to solve application problems.
Demonstrate fundamental probability techniques and application of those techniques, including expected value, to solve problems.
Apply matrix skills and probability analyses to model applications to solve real-world problems.

Required Textbooks

Mathematics with Applications in Management, Natural and Social Sciences. Lial, Hungerford, Holcomb and Mullins - Pearson 2019 (12th Ed.) MyLabsPlus access code.

Required Supplies

Scientific calculator. No graphing calculators permitted. Purchase of MyLabsPlus access code required.

ISBN-10

978-0-13-476762-8

Evaluation Standards

These course learning outcomes and course competencies will be assessed through the administration of 3-4 in class exams (65%), quizzes and homework, (15%), and comprehensive final exam (20%).

Only departmental formula sheets supplied by the instructor will be used on the exams and the final exam.

Notes, textbooks, note cards, formula sheets, or any other additional materials will NOT be approve for use on exams.

Any use will be an academic integrity violation.

Grading Standards

A - Student’s work is exceptional and consistently above average.
B - Student’s work is above average. Required assignments were completed in a timely manner and have met at least the minimum required standards.
C - Student’s work is acceptable. Majority of assignments meet the minimum required standards.
D - Student’s work fails to meet the minimum requirements for a grade of "C." Overall performance was sub-standard in comparison to normal expectations for this class.
F - Student’s work is clearly unacceptable. Student either did not attempt the work or failed to meet any of the minimum required standards.

Required Institutional Core Learning Outcomes

Communication (COM), Critical Thinking (CT), Empirical & Quantitative Reasoning (EQR)

Disabilities

ADA Statement:

Any student with a documented disability (e.g. learning, psychiatric, vision, hearing, etc.) may contact the Office on the Weatherford College Weatherford Campus to request reasonable accommodations. Phone: 817-598-6350 Office Location: Office Number 118 in the Student Services Building, upper floor. Physical Address: Weatherford College 225 College Park Drive Weatherford, TX.

Academic Integrity

Academic Integrity is fundamental to the educational mission of Weatherford College, and the College expects its students to maintain high standards of personal and scholarly conduct. Academic dishonesty of any kind will not be tolerated. Academic dishonesty includes, but is not limited to, cheating on an examination or other academic work, plagiarism, collusion, and the abuse of resource materials including unauthorized use of Generative AI. Departments may adopt discipline specific guidelines on Generative AI usage approved by the instructional dean. Any student who is demonstrated to have engaged in any of these activities will be subject to immediate disciplinary action in accordance with institutional procedures.

Hope Statement

Any student who faces challenges securing basic resources such as food, clothing, or housing and believes this may affect their performance in their course of study is urged to contact the Director of Student Resources, Dr. Deborah Cregger, for support at (817) 598-6444. Her office is on the first floor of Student Services. If the student prefers, they may contact their instructor, who can reach out on their behalf. Weatherford College also provides the Coyote Pantry. The Pantry maintains boxed and canned foods for students in need. The location of the Coyote Pantry is two blocks west of the Weatherford campus at the Baptist Student Ministry (118 E. Park Ave., Weatherford). Pantry hours are Mon-Thurs. 8:30 am-4:30 pm and Fri. 8.30 am-12:00 pm (817-599-6586).

Grading Key

100-90 = A
89-80 = B
79-70 = C
69-60 = D
59-below = F

Revised

Fall 2021

Last Modified

Friday, September 10, 2021, 3:23 PM