FM Dept Final Exam Review Sp06
Finite Mathematics-Departmental Review Sheet
Spring 2006
(Finite Mathematics, an Applied Approach, 3rd Edition. Young, Lee, Long and Graening. Pearson, Addison Wesley,
2004.)
Unless otherwise stated, all work should be done
Section 8.2 Outcomes with Unequal Probability; Odds
General Rules for Probability
If a sample space, S, has a finite number of outcomes then:
1) The probability of each outcome is between 0 and 1 inclusive
2) The sum of the probabilities of all outcomes =
Finite Math Section 6.1
Compound Interest Formula (Page 265)
A
P1
r
m
mt
= P(1+i)n
A = the accumulated or future balance; P = the principal or present balance;
r = annual interest rate in decimal form; m = number of compounding periods per year;
t = time
Page 279
Example:
Find the future value of an annuity if $300 is deposited at the end of every month for two years
at 4.5% annual interest.
Page 281
Formula for the Future (Accumulated) Value of an Ordinary Annuity with a Starting Balance
A
P1
r
m
1
mt
p
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Bayes's Theorem
Finite Math
Section 9.4
Bayes's Theorem
()
P AB =
()
P(A ) P B A
()
(
P(A ) P B A + P(A ) P B A
)
You use Baye's them when you
need to work from RIGHT to LEFT in
need to work from RIGHT to LEFT in
your tree diagram.
1
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Conditions for a Binomial Experiment
Binomial Experiments
The same experiment is repeated many (n) times under the
same conditions. Each repetition is called a trial or a
Bernoulli trial.
Only the same two outcomes (success and failure) are
poss
FM Formulas F05
Finite Mathematics Formulas and Miscellany
Crowns Rules
must be used before the simplex algorithm if there are negative numbers in the rightmost column above the horizontal line
because a solution from this matrix does not represent a corn
Finite Mathematics Quiz #1
Friday, January 25, 2008 Name
Show all your work on this paper. Solutions without correct supporting work will not b ccepted.
.. |
1. Minimize C = 2x + 3y (9 points) 0 E066.th
9x+4y240 o lo mDOiBnS PM aw
subec to x+4y 2
Finite Mathematics Quiz #3
Friday, February 22, 2008 Name
Sections 6.1 7 6.3
Make sure you show all your work on this paper. Solutions without correct supporting work will not be
accepted.
1. Eduardo is a 40-year-old individual who plans to retire at ag
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Definitions
Intro to Statistics and
Frequency Distributions
Finite Mathematics
Section 10.1
Definitions, Continued
Population vs. Sample:
A population
includes all objects of interest whereas a sample is
only a portion of the population.
Paramet