Systems of Equations and Matrices

• Apply substitution and elimination to solve systems of linear equations.
• Apply the matrix method to solve systems of linear equations.
• Define a system of linear equations containing variables.
• Define matrix algebra.
• Determine the inverse of a matrix.
• Apply systems of linear equations to an economic model.
• Translate real-life problem situations into algebraic expressions.
• Recognize algebra's relationship in business and real-world situations.

Linear Programming

• Apply the simplex tableau and pivoting to solve a problem.
• Define the simplex method for solving maximum problems in standard form.
• Define the duality principle for solving minimum problems in standard form.
• Apply the simplex method using mixed constraints.
• Translate real-life problem situations into algebraic expressions.
• Recognize algebra's relationship in business and real-world situations.
• Define and discuss linear programming in business disciplines.

Finance

• Define interest and compound interest.
• Define annuities and sinking funds.
• Determine the amortization schedule for an annuity.
• Apply financial mathematics to capital expenditure analysis.
• Translate real-life problem situations into algebraic expressions.
• Recognize algebra's relationship in business and real-world situations.
• Recognize the importance of applying a financial model to business.

Probability

• Define the relationship between permutations and the multiplication principle.
• Differentiate between permutations and combinations.
• Solve probability problems using counting principles.
• Develop concepts in probability, including sample spaces and event probabilities.

Statistics

• Organize data for problem solving.
• Interpret pie charts and bar graphs.
• Determine the mean, median, and mode of a distribution.
• Determine the range and variation of a distribution.
• Identify instances of normal distribution.
• Translate real-life problem situations into algebraic expressions.
• Recognize algebra's relationship in business and real-world situations.

All topics

• Review all topics and objectives from Weeks One through Four.