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May 22, 2025
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MATH 2355 - Mathematical Applications for Business
This course covers business problems using several different mathematical models. These application problems include multiple methods of financial calculations, linear equations, programming problems, probability, statistics, and game theory. Either a graphing calculator or a computer will be used to solve several of the application activities.
Credits: 4
Instructional Method Lecture
Prerequisites:
MATH 1400 College Algebra with a grade of “C” or better or Math Placement Level V
Minimum Student Competencies
Upon completion of MATH 2355 Mathematical Applications for Business, the student will:
- Solve problems involving profit, cost, and revenue functions.
- Solve application problems in finance including annuities and mortgages.
- Solve systems of linear equations using elimination and substitution.
- Solve systems of linear equations using matrix methods.
- Solve linear programming problems by optimizing systems of inequalities using a geometric approach.
- Solve maximization and minimization problems using simplex methods.
- Solve problems in probability and statistics.
- Solve problems involving Markov Chains.
- Determine the line of best fit for a set of data points.
- Analyze quadratic functions to solve business problems.
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