MATRIX ALGEBRA
A matrix is a rectangular (or square) array of numbers in rows and columns.
It is a two-dimensional arrangement of numbers in rows and columns enclosed by a pair of
square brackets ([ ]), in the form shown below.
A =
a11
a21
a12
a22
a31
.

LINEAR PROGRAMMING
Definition
Linear Programming is the method of finding an optimal solution for a linear function F of n
variables, when the variables are under some linear constraints.
It is a mathematical technique for achieving the best outcome in a

DECISION MAKING WITHOUT PROBABILITIES
This involves approaches to decision making that do not require knowledge of the
probabilities of the states of nature.
These approaches are appropriate in situations in which the decision maker has little
confidenc

INTRODUCTION
Financial statement analysis is an integral and important part of the broader field of
business analysis. Business analysis is the process of evaluating a companys
economic prospects and risks. This includes analyzing a companys business
envi

CAPITAL BUDGETING
Various techniques of capital budgeting can be divided into two;
a) Modern techniques
b) Traditional techniques
Modern techniques are those techniques that use time value of money. They include the
following:
i)
Net Present Value (NPV)
i

MATHEMATICS OF FINANANCE
THE TIME VALUE OF MONEY
Simple Interest
Simple interest is the interest paid or received on the principal only. Simple interest is equal to
the product of the principal and the interest rate per period:
I=PV0 x i x n
Where I= the

MARKOV PROCESSES
Introduction
Markov analysis is a descriptive tool designed to predict the behavior of a system over time.
A Markov analysis is a procedure that can be used to describe the behavior of a system in a
dynamic situation.
Specifically, it

SOLVING SIMULTANEOUS EQUATIONS
A linear equation with n unknown can be given as follows;
a1x1 + a2x2 + a3x3 + a4x4 + a5x5 +.
.
+ anxn = b
.
Likewise, a system of n linear equations with n unknowns can be thus expressed;
a11x1 + a12x2 + a13x3 + a14x4 + a15

INPUT-OUTPUT ANALYSIS
Input-output analysis is used to analyze the interdependence of various segments of an
economy. According to this technique, an economy is divided into two broad sectors, the
sources or producers sector and the destinations or input

ST. PAULS UNIVERSITY
CHURCH HOUSE CAMPUS
COURSE CODE: BMA 102
COURSE TITLE: BUSINESS MATHEMATICS II
3 CREDIT HOURS
COURSE OBJECTIVES
This course prepares students to apply mathematical techniques in solving
management problems.
COURSE CONTENT
Matrix algeb