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    Mid-Term Test

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    Hương Nguyễn
    1. The document discusses several topics in mathematics including functions, equations, demand and supply models, sequences, series, limits, continuity, the intermediate value theorem, compound interest, derivatives, and their applications. 2. Specific examples provided include finding the domain and range of functions, solving simultaneous equations, determining the equilibrium price and quantity in a demand and supply model, analyzing the convergence of series, and ensuring continuity of a function at a special point. 3. Formulas for compound interest compounded yearly, periodically, and continuously are also summarized along with examples of their applications.

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    Mid-Term Test

    Uploaded by

    Hương Nguyễn
    35 views3 pages
    1. The document discusses several topics in mathematics including functions, equations, demand and supply models, sequences, series, limits, continuity, the intermediate value theorem, compound interest, derivatives, and their applications. 2. Specific examples provided include finding the domain and range of functions, solving simultaneous equations, determining the equilibrium price and quantity in a demand and supply model, analyzing the convergence of series, and ensuring continuity of a function at a special point. 3. Formulas for compound interest compounded yearly, periodically, and continuously are also summarized along with examples of their applications.

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    calculus review for mid-term exam

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    1. The document discusses several topics in mathematics including functions, equations, demand and supply models, sequences, series, limits, continuity, the intermediate value theorem, compound interest, derivatives, and their applications. 2. Specific examples provided include finding the domain and range of functions, solving simultaneous equations, determining the equilibrium price and quantity in a demand and supply model, analyzing the convergence of series, and ensuring continuity of a function at a special point. 3. Formulas for compound interest compounded yearly, periodically, and continuously are also summarized along with examples of their applications.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    35 views3 pages

    Mid-Term Test

    Uploaded by

    Hương Nguyễn
    1. The document discusses several topics in mathematics including functions, equations, demand and supply models, sequences, series, limits, continuity, the intermediate value theorem, compound interest, derivatives, and their applications. 2. Specific examples provided include finding the domain and range of functions, solving simultaneous equations, determining the equilibrium price and quantity in a demand and supply model, analyzing the convergence of series, and ensuring continuity of a function at a special point. 3. Formulas for compound interest compounded yearly, periodically, and continuously are also summarized along with examples of their applications.

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    Download as doc, pdf, or txt
    of 3

    1. Domain and range of a function Example: find the domain and the range of the functions 2.

    Equations - Simultaneous equations Example: find the solutions of equations or simultaneous equations 3. Demand and supply model - Keep in mind that quantities and prices are always nonnegative numbers. - Equilibrium point: the intersection point of demand and supply curves Example: Find the equilibrium price and equilibrium quantity of a demand and supply model. 4. Sequences, Series and Limits - Sandwich theorem xn = 0 . - Basic property: If the series xn is convergent we must have lim n Example: Consider the convergence of the following series
    2

    x 2 4 + 7;

    1 1 x2

    3n 2 n + 1 , we find that n2 1 n =0

    1 1 + 2 3n n + 1 n n n xn = = 3 . Hence, we conclude that the series is divergent. 2 1 n 1 1 2 n lim x Remember that if n n = 0 , we can't conclude immediately that the series xn is 3 xn = 0 . convergent. However, if the series xn is convergent we must have lim n - Ratio test, root test. 1 n if q < 1. Remember that n runs from 0 to infinity. - Geometric series: q = 1 q n =0 - Computing limits. 5. Continuity - Definition of continuity - Discontinuity: Removable discontinuity; jump discontinuity; missing point discontinuity; misplaced discontinuity; infinite discontinuity. - Find a suitable value of a parameter (for example a) in order for a function to be continuous at a special point. 6. Intermediate value theorem - Show that an equation has a solution in certain interval.

    7. Compound interest - This concept is very important. Keep in mind that you remember the 3 formulas in your outlines. Example: - Find the compound amount - Find the present value - Find the net present value (pls read carefully in your outlines) - Find the number of years - Find the interest rate - Find effective rate. Some formulas that you should remember: +/ Compounded yearly: n: number of years i: interest rate or nominal rate P: original principal Sn: compound amount Sn = P ( 1 + i ) P = Sn ( 1 + i ) i=
    n n

    Sn 1 P nominal rate = effective rate = i (just TRUE in case you investigate annually)

    +/ Compounded periodly: n: number of years k: number of periods per year i: interest rate or nominal rate P: original principal Sn: compound amount nk i Sn = P 1 + k i P = Sn 1 + k
    nk

    i Effective rate: ie = 1 + 1 (If k = 1, it is exactly the case when you k compounded yearly. So now you can understand why effective rate = nominal rate if you investigate annually?)

    +/ Compounded continuously:

    n: number of years i: interest rate or nominal rate P: original principal Sn: compound amount S n = Pein S ln n P n= i S ln n i= P n i Effective rate: ie = e 1 .

    8. Derivative rules and Cauchy inequality - Pls read carefully in your outlines - Applications: Inventory control (pls read in your textbooks): Minimize the inventory cost and find the Economic order quantity. Profit maximization: Demand function, revenue function, cost function, profit function. Example: What is the revenue function, what is the profit function if given demand function and cost function. What is the maximum value of profit? What is the production level that maximizes the profit function? Lu : Ni dung trn y ch tham kho. Cc bn phi n tp tt c cc bi hc tnh n thi im thi gia k.

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