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MAT215

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Math for Business Analysis

Measurable Student Learning Outcomes

1. (Application Level) Solve problems with functions of several variables. (#2, #4)

2. (Application Level) Solve business-related multivariable optimization problems, including linear programming problems, using technology when appropriate. (#1, #2, #3, #4)

3. (Synthesis Level) Analyze application optimization problem content and utilize the appropriate calculus-based method (i.e., Second Partials Test, Lagrange Multiplier, etc.) to determine the maximum profit, minimum cost, and optimal use of resources. (#1, #2, #3, #4)

4. (Application Level) Solve application problems using matrices and determinants focusing on business and/or economics problems. (#1, #2, #3, #4)

5. (Application Level) Utilize the principles of set theory, Venn diagrams, counting techniques and combinatorics to solve problems. ( #2, #4)

6. (Synthesis Level) Derive solutions using probability concepts, including Bayes’ Theorem. (#2, #4)

7. (Application Level) Identify data types and data distributions including discrete, continuous, binomial, and normal. Perform calculations, using z-scores (tables) or the 68-95-99.7 Rule appropriately, or apply appropriate calculus-based method to solve statistics problems. (#2, #4)

8. (Application Level) Utilize graphing calculators and available computer software to model, investigate, solve, and justify solutions to given problems. (#2, #3, #4)

9. (Application Level) Utilize the principles of the math of finance with simple/compound interest as well as future/present value of an annuity and amortization. (#1, #2, #3, #4)