ETF2700/ETF5970 Mathematics for Business
WEEK 04 Tutorial Exercises
(Week 03 lecture content)
Tutorials deal with only a SAMPLE of the units content. You are expected to do all of the
relevant readings and exercises as outlined in the Weekly Schedule.
If

To Add-In Excels Analysis Toolpak (& Solver)
When Microsoft Ofice is loaded on to your computer, some of Excels useful calculation
functions (Analysis Tools) are dormant until you add-in the Analysis Toolpak.
To Add-In Analysis ToolPak
1.
2.
3.
4.
5.
Star

ETF2700/ETF5970 Mathematics for Business
WEEK 09 Tutorial Exercises - SOLUTIONS
(Week 08 lecture content)
1. Range Names
Matrix M
M23 = 2: the element in the 2nd row, 3rd column.
eg,
2. Null and Identity Matrices
N3
I3
3. Basic Calculations
1
2
4. Applica

ETF2700 / ETF5970
Mathematics for Business
Week 6
Topic 5
FUNCTIONS OF SEVERAL VARIABLES
Partial Differentiation
Optimisation
Partial Differentiation
functions of 2 or more variables, isoquants.
1st and 2nd order partial derivatives.
differentials.
produc

Mitchell Moon
ETF2700
Student ID: 25190792
Question 1)
a. Investment A which compounds each year will earn more money after a year compared to the
simple interest account. The reason for this is because the simple interest account only pays
interest on th

ETF2700/ETF5970 MATHEMATICS FOR BUSINESS
Semester 2 2015
Assignment 3 Solutions
Total: 30 + 18 + 14 + 16 + 18 + 16 = 112 marks
FEEDBACK FOR THIS ASSIGNMENT is provided by
these very detailed solutions (in many parts, much more detailed than you needed to

ETF2700/ETF5970 Mathematics for Business
WEEK 01 Tutorial Exercises
GENERAL
Tutorials lag the lecture material by one week (the Week 2 tutorial relates to the Week 1 lecture
content, and so on). So, it doesnt matter if your weeks timetable has your tutori

ETF2700/ETF5970 Mathematics for Business
WEEK 01 Tutorial Exercises
GENERAL
Tutorials lag the lecture material by one week (the Week 2 tutorial relates to the Week 1 lecture
content, and so on). So, it doesnt matter if your weeks timetable has your tutori

Question 1
(a) (i) US$6,000,000/ 17,000 = US352.94
(ii) When the author referred to the development as exponential, he meant that
the development was experiencing growth whose rate becomes ever more rapid in
proportion to the growing total number or size.

ETF2700 MATHEMATICS FOR BUSINESS ASSIGNMENT 2
Question 1
a. (i) U=50 x 0.5 y 0.2
First order partial derivatives
0.5
U x =25 x
0.8
U y =0.2 y
Second order partial derivatives
1.5
U xx =12.5 x
1.8
U yy =0.16 y
(ii) dx can be interpreted as a very tiny chan

FACULTY OF BUSINESS AND ECONOMICS
ASSIGNMENT COVER SHEET
Students name
(Family name BLOCK LETTERS)
(Given names)
Wing Yuet
Kwok
ID number
27157466
Phone
0401643731
Unit name
Mathematics for Business
Unit code
ETF2700
Monash email
Wykwo10
Title of assignme

Tutorials begin
in Week 1.
Unit Code:
Unit Name:
ETF2700/ETF5970
Mathematics for Business
Semester 2 2016
Unit Guide
Department
of
Econometrics and Business Statistics
The information contained in this unit guide is correct at the time of publication. The

ETF2700/ETF5970 Mathematics for Business
WEEK 07 Tutorial Exercises
(Week 06 lecture content)
QUESTION 1
Determine the first and second partial derivatives of the following. Show your working.
(a)
G = x3 + 3y2
(b)
H = x2y3 + 5xy2
(c)
R = 100L0.6K0.4
QUEST

ETF2700/ETF5970 Mathematics for Business
WEEK 09 Tutorial Exercises
(Week 08 lecture content)
1. Range Names
Open a blank Excel file and, into cells
A1:C2, enter the following matrix.
Select the cells A1:C2 and, at the top of the screen, select FORMULAS/N

ETF2700/ETF5970 Mathematics for Business
WEEK 04 Tutorial Exercises
(Week 03 lecture content)
Tutorials deal with only a SAMPLE of the units content. You are expected to do all of the
relevant readings and exercises as outlined in the Weekly Schedule.
If

Pivot Tables selected musings
Bar Charts (discrete numerical data)
eg Age: integer data, grouped
Assume that the user specified groupings from 18 to 68 By: 10.
The 28-37 group contains values which are 28 and 37.
If any data values are < 18, a < 18 grou

Using the HP-10B Financial Calculator
Setting the number of periods per year
Usually the calculator is set at the factory for 12 periods per year. We want it to be set to 1 P_Yr. You can
verify this by pressing the green (or orange) second function key an

ETF2700 / ETF5970
Mathematics for Business
Week 6
Topic 5
FUNCTIONS OF SEVERAL VARIABLES
Partial Differentiation
Optimisation
Partial Differentiation
functions of 2 or more variables, isoquants.
1st and 2nd order partial derivatives.
differentials.
produc

ETF2700 / ETF5970
Mathematics for Business
Week 10
Topic 8
FINANCIAL MATHEMATICS I
The only way to learn mathematics is to do mathematics.
Paul Halmos
8. Financial Mathematics I
Sequences and series
arithmetic
geometric.
Interest
simple
compound
cont

ETF2700 / ETF5970
Mathematics for Business
Week 7
TOPIC 6
Integration
Lagrange from last week.
Do not worry about your difficulties in Mathematics.
I can assure you mine are still greater.
Albert Einstein
Integration
Integration
The Power Rule.
power f

ETF2700 / ETF5970
Mathematics for Business
Week 3
Topic 3
Straight line & applications
Non-linear functions
Life is good for only two things:
discovering mathematics and teaching mathematics.
Simeon Poisson 1781-1840
3. Straight line & applications, non-l

ETF2700 / ETF5970
Mathematics for Business
Week 11
Topic 8
FINANCIAL MATHEMATICS II
Errata file for Mc
Lean & Stephens
is in the
Week 10 section
of Moodle: Errata
AMc-BS.docx.
The man ignorant of Mathematics will be increasingly limited in his
grasp of th

ETF2700 / ETF5970
Mathematics for Business
Week 1
Topic 1
Preliminaries
rth !
o
f
Go ultiply
m
d
n
a
What happened to the unicorn?
1. Preliminaries
Word problems
http:/en.wikipedia.org/wiki/String_girdling_Earth
A string of length C km is wrapped around t