Graphing Calculator Skills - Math 148 – Business Calculus note: Math 140 skills that you need to (re)learn follow Calculus Applications [C.1] Use MATH/Solver with the difference quotient to calculate average rate of change (approximate derivative) for any given function. [C.2] Find the exact numerical derivative using MATH/nDeriv [C.3] Using MATH/nDeriv, the elasticity formula and a given demand function (quantity as a function of price) find the elasticity. Use the table feature to find the price when elasticity=1 and thus the price that optimizes revenue. [C.4] Use MATH/fnInt along with MATH/SOLVER to find the value of the definite integral of any function. Apply this skill also to finding the average value and moving average value of a function. A SUGGESTION FOR PUTTING EQUATIONS INTO Y= SLOTS Use Y1 and Y2 for putting in functions. Use Y4 for some combination of these two (examples: add, multiple, compose), or just let Y4=Y1 when using Y1 as is. This makes Y3 available as an open “workspace” 1. EXPONENTIAL MODEL (use in solver) Using Growth Factor then K=1, Using Growth Rate Constant:B=e Y 5=A*B ^(K*T)-M 2. LOGISTIC MODEL (use in solver) Using Growth Factor then K=1, Using Growth Rate Constant then B=e Y 6 =N/ (1+A*B^(-K* T))-M 3. DIFFERENCE QUOTIENT (use in solver) good for approximate derivatives, also good for average rate of change Y7=(Y4(X+H)-Y4(X))/H-M 4. NUMERIAL DERIVATIVE - Use on home screen Y8( ) to evaluate the derivative. Also you can plot Y8 to see a graph of the derivative (turn graphing off in not in use, it takes quiet awhile to graph) Y8= nDeriv (Y4, X, X) 5. ELASTICITY Use on home screen. find price for elasticity of 1. Y9( at some price ) finds elasticity. Use the table for Y6 to help Y9 =-nDeriv (Y4, X, X)*X/Y4(X) 6. BASIC (DEFINITE) IINTEGRATION (use in solver) Y 0=finInt(Y 4, X, A, B)-I Graphing Calculator Skills - Math 140 – Business Pre-Calculus Basic Operations [C.1] Perform fundamental arithmetic calculations with clear understanding order of operations, this includes MATH menu functions abs,frac,dec. [C.2] Configure the calculator using MODE and FORMAT Menus. [C.3] Translate expressions into inline form without error Functions [C.4] Enter functions for use (y= screen) [C.5] Evaluate functions in three ways, graphically using CALC/value, functional notation on the home screen, using a table of input/outputs) [C.6] Obtain a table of input/output values for a given function using TABLE SET and TABLE. [C.7] Obtain a useable graph of linear, quadratic, exponential, logistic, logarithmic, or rational functions with a proper combination of WINDOW settings and ZOOM features. Use either the CALC features for graphs to [C.8] Determine the root or zero of a function [C.9] Determine extrema of a function using maximum or minimum [C.10] Determine the intersection of two functions using intersect [C.11] Enter relationship data and determine the best fit model function for that relationship using regression (STAT/EDIT, STAT/CALC) [C.11] Use that best fit model function to make predictions (i.e. evaluate and solve using regression function, (VARS/Statistics/EQ/RegEQ) [C.12] Use Solver to find the value of any unknown (parameter, input, output) in an equation generated from a function. (MATH/Solver) Matrices [C.13] Enter matrices (MATRIX/EDIT) [C.14] Add, subtract, multiply matrices [C.15] Finad the inverse of a matrix (using “inverse” key x-1). What does the error “Singular” mean? [C.16] Generate and use an Identity matrix (for example, in Input/Output analysis) (MATRIX/MATH/Identity) [C.17] Use matrix operations (inverse and multiply) to solve the matrix equation [C.18] Use „rref‟ to solve a system of equations written as an augmented matrix Finance [C.19] Use MATH/Solver and the simple interest equation to find either the principal, maturity value, time period, or the interest rate of loans and savings using the simple interest model. [C.20] Use the TVM Solver (APPS/Finance) to find either principal, maturity value, time period, or the interest rate of loans, savings, annuities, with compounding and payments.
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