Many problems require you to work with the compound interest formula.
Here are some FAQs that might help you to solve for various quantities in the formula.
The basic algorithm for solving a standard minimization problem is covered in Section 4.3. This process, called the Simplex Method, uses matrices and row operations to gauge whether an objective function is maximized at corner points.
In the example below, I write out a standard maximization problem from an application and then solve it with the Simplex Method.
In your classes, you might hear about instructors who grade on “a curve”. There is an idea that this might somehow benefit you when it comes to grading. Let’s take a look how that might work if the curve is a normal curve.
It easy to confuse conditional probability with probability of an intersection of two event. They are related! The probability of an event A given that event B has occurred is
The vertical bar | means “given” and the event after it is the event that has already occurred.
Let’s look at some data to determine how to find several different probabilities including conditional probability.
Problems in which you select members for a committee can involve combinations, permutations or both. This MathFAQ examines several similar problems that help to distinguish between permutations and combinations.