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Quantitative Reasoning (2 courses):
In today's world, arguments and claims often rely for support on scientific
studies and statistical evidence. Students should possess the mathematical
and quantitative skills to evaluate such evidence. Furthermore, students
should possess the skills both to recognize the quantitative dimension of
problems and to use mathematical reasoning to formulate and solve the problem.
Finally, students need strong quantitative skills because they are
indispensable in managing everyday-life situations.
This requirement may be completed by either (1) taking two math or statistics courses from the list below, or (2) taking one math course from the list and one course designated in the undergraduate catalog as having a quantitative component (QR). The course designated as having a quantitative component may be within the student's major or an elective. Math 113, 115, 117, 123, 125, 141, 142, 147, 148, 151, 152, 202, Stat 201, 207.
Course Description & Purpose: M123 is designed to explore the mathematics of finance and to apply systems of linear equations and inequalities to realistic application problems. A major objective is to provide the student with mathematical methods for solving a variety of problems such as: investment analysis, profit and loss analysis, production scheduling, and resource allocations. A graphing calculator is required for this course.
Prerequisite(s): Two years of algebra and one year of geometry in high school, or satisfactory placement exam score. Math 119 is an appropriate course to prepare the student for Math 123; Math 130 is also acceptable. For students who have recently completed Math 119 or Math 130, it is recommended that they take Math 125 before taking Math 123.
Calculators: A graphing calculator is required for this course. The Math Department highly recommends and provides support for the TI-83+ and TI-84+ models. While other calculators may be used with your instructor's permission, instructors and tutorial center staff may not be able to provide help on how to use them. Use of cell phone calculators and calculators with advanced alpha-numeric capabilities, such as the TI-89, is forbidden in this course. Help concerning use of the TI-83+ and TI-84+ (and possibly similar calculators such as the TI-86) may be obtained in the Math Tutorial Center located in Ayres Hall 322.
Audience: The typical student in Math 123 is majoring in one of the following subjects: business, economics, social science, agriculture, architecture, communications, or human ecology (see the Undergraduate Catalog for details). This course will not satisfy the calculus requirement for students who wish to major in mathematics, physical sciences, engineering or computer science.
Topics Include (but are not limited to): Linear, rational, exponential and logarithmic functions, mathematical modeling, simple and compound interest, annuities, amortization, systems of linear equations and inequalities, matricies, game theory, Leontief-Output analysis, linear programming, the Simplex method, and duality for the Simplex method.
Adding/Changing Sections: Instructors cannot add students to a class. All schedule changes must be made through Circle Park Online.