MMA 206 ASSIGNMENT 1 DUE ON 6/10/2015
Answer any all questions
Question 1
Three companies A, B and C are in competition and are currently holding 30%, 30% and 40% of
the total market share respectively. Company A retains 60% of its customers and loses 20%

SETS AND SET THEORY
A set is a collection of distinct objects. We may consider all the ocean in the
world to be a set with the objects being whales, sea plants, sharks, octopus
etc, similarly all the fresh water lakes in Africa can form a set. Supposing A

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Study notes
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MMA 106 MANAGEMENT MATHEMATICS I
SET THEORY
Learning Objectives
o Define the concept of set
o Define the basic terms and notations used in set theory
o Application of set to business.
Definition
Set theory has two overlapping a

DOMMIES NOTES MANAGEMENT MATHEMATICS
DECISION ANALYSIS
Learning objectives
At the end of this chapter the student should be able to:
Understand the basic of decision analysis
Determine the Maxmin Minimax Approach
Determine the Minimax Regret Approach

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Management mathematics
PROBABILITY AND DECISION MAKING
Learning objectives
At the end of this chapter the student should be able to:
Use Probability trees and Bayes Theorem in the business application
Use Multiplication rule
Determine the

DOMMIES NOTE
BUSINESS MATHEMATICS
MATHEMATICS OF FINANCE
Learning objectives
At the end of this chapter the student should be able to:
Use simple method to determine the interest
Use compound method to find interest
Use the payback period to determine

OPERATION OF MATRICES
Learning objectives
At the end of this chapter the student should be able
to:
Understand the notation and terminology in matrix algebra
Differentiate several types of matrices
Add and subtract matrices
Multiply matrices together

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MANAGEMENT MATHEMATICS
LINEAR PROGRAMMING
Learning objectives
At the end of this chapter the student should be able to:
Identify the region defined by a linear programing
Sketch the feasible region defined by simultaneous linear inequaliti

DOMMIES NOTES MANAGEMENT MATHEMATICS
INPUT OUT PUT ANALYSIS
Learning objectives
At the end of this chapter the student should be able to:
Understand what is meant by technical coefficients matrix
Calculate the final demand vector given the total output

DOMMIES NOTES MANAGEMENT MATHEMATICS
MARKOV CHAINS
Markov process model is a stochastic model that is time based and is used to make prediction of
various states in the next future given their current state. Basically Markov process helps as to
identify a

MMA 206 ASSIGNMENT 2
Answer any all questions
Question 1
a) Define the following terms as used in Linear programming
i. Feasible solution
(1 mark)
ii. Optimal solution
(1 mark)
iii. Objective function
(1 mark)
iv. Constraints
(1 mark)
v. Decision variabl

MATRICES
A matrix is a rectangular array of items or numbers. These items
or numbers are arranged in rows and columns to represent some
information.
The position of an element in one matrix is very important as well
be seen later; therefore an element is