Name: PMU ID: Section:---------
Core Curriculum
Finite Math for Students of Business-MATH1311
Assignment
Number of Exam Pages: 8 Time Allowed: Online
(Including this cover sheet.) Instructor:
Instructions
• Solve all questions.
• To get full credit, show all your work. You can write at the back of the page.
• Use your own calculator and stationary.
• Mobile phone/smart device/ earphones are strictly prohibited.
• Wearing sun glasses and hoody is not allowed.
• Any kind of dishonesty will result zero mark.
• You can only leave the examination room after 1 hour passed.
• Keep your PMU ID during the exam.
1
Question 1 (4 marks)
For the following quadratic equation
𝑢(𝑥) = 𝑥2 + 4𝑥 + 3
- Find the Vertex
- Find the y-intercept
- Find the x-intercept
-
Question 2 (4 marks)
−1 0
−1 1 1 0 1
A. Given 𝐴 = [2 − 1] 𝐵=[ ] 𝐶 = [2 0] D=[ ]
−2 −1 0 2 0
0 2
Compute the following operations
i) AB ii) 𝐴𝑇 + 𝐵 iii) -3D
B. Prove that the 2 matrices given below are inverse of each other’s
1 0 1 0
𝐸=[ ] 𝑎𝑛𝑑 𝐹 = [ ]
−2 −1/2 −4 −2
2
Question 3 (5 marks)
A. Suppose you deposit $ 20,000 into the bank which earns 4 % interest rate. What is the
amount that you will get in your account after 3 years, using compound interest (annually)?
B. Khaled invests $ 4000 into an account that pays 3 % interest a year and is compounded
quarterly. How long will it take his investment to triple?
C. How much must be deposited at 1.9 % at the end of each month during 3 years, in order
to accumulate $ 10,000 after 10 years?
Question 4 (3 marks)
a) A club has 12 members. In how many ways can the roles of event coordinator, team
leader, logistics manager, and public relations officer be assigned if no member can
hold more than one role?
b) From a group of 15 women, a subcommittee of 4 women is to be selected. How many
different ways can the subcommittee be chosen?
c) How many ways can 8 people be assigned to 3 distinct seats in a theater?
3
Question 7 (4 marks)
A travel agency found that 60% of the customers who take a trip in the 1st year also take a
trip in the following year; and that 30% of the customers who did not take a trip in the 1st
year take a trip in the next year.
A. Draw the Transition diagram
B. Find the Transition matrix
C. If the probability of the people taking a trip in one year is 0.02
i. Find the Initial State S0
ii. What is the probability that a person chosen at random will also take a trip in the
following year?
Good Luck
4
Appendix
General Simple Interest
𝑨: Amount at the end of 𝒏 periods I=P r t
𝑷: Principal 𝑨 = 𝑷(𝟏 + 𝒓𝒕)
𝒓: Annual nominal rate General Compound Interest
𝒓
𝒎: Number of compounded periods 𝑨 = 𝑷(𝟏 + 𝒊)𝒏 where 𝒊 = 𝒎 , 𝒏 = 𝒎𝒕
𝒊: Rate per compounded period Continuous Compound Interest
𝒏: Total number of compounded periods 𝑨 = 𝑷𝒆𝒓𝒕
t: number of years
Future Value of Ordinary Annuity
𝑭𝑽: Future Value (𝟏 + 𝒊)𝒏 − 𝟏 𝒓
𝑭𝑽 = 𝑷𝑴𝑻 𝐰𝐡𝐞𝐫𝐞 𝒊 =
𝑷𝑴𝑻: Payment 𝒊 𝒎
𝒊
𝑷𝑴𝑻 = 𝑭𝑽
(𝟏 + 𝒊)𝒏 − 𝟏
𝑷𝑽: Present Value
𝑰 = 𝑭𝑽 − (𝒏. 𝑷𝑴𝑻)
Present Value of Ordinary Annuity
𝑨𝑷𝒀: Annual Percentage Yield
𝟏 − (𝟏 + 𝒊)−𝒏 𝒓
𝑷𝑽 = 𝑷𝑴𝑻 𝐰𝐡𝐞𝐫𝐞 𝒊 =
𝒊 𝒎
𝒊
𝑷𝑴𝑻 = 𝑷𝑽
𝟏 − (𝟏 + 𝒊)−𝒏
Annual Percentage Yield
𝒓 𝒎
𝑨𝑷𝒀 = (𝟏 + ) −𝟏
𝒎
𝑨𝑷𝒀 = 𝒆𝒓 − 𝟏
5
Appendix
52-Cards Deck
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Rolling 2 Dices Experiment