College Mathematics for Business, Economics, Life Sciences and Social Sciences

1043 Pages·2014·71.665 MB·English

by  Karl E. Byleen

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R aymond A. Barnett • Michael R. Ziegler • Karl E. Byleen
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college
MAtheMAtIcs
For BusIness, econoMIcs,
lIFe scIences, And socIAl scIences
thirteenth edition
global edition
rAyMond A. BArnett Merritt college
MIchAel r. ZIegler Marquette university
KArl e. Byleen Marquette university
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Authorized adaptation from the United States edition, entitled College Mathematics for Business, Economics, Life
Sciences and Social Sciences, 13th edition, ISBN 978-0-321-94551-8, by Raymond A. Barnett, Michael R. Ziegler,
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contents
Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Diagnostic Prerequisite Test . . . . . . . . . . . . . . . . . . . . 19
Part 1 A LibrAry of ELEmEnTAry funcTions
chapter 1 Linear Equations and Graphs . . . . . . . . . . . . . . . . 22
1.1 linear equations and Inequalities . . . . . . . . . . . . . . . . 23
1.2 graphs and lines. . . . . . . . . . . . . . . . . . . . . . . . 32
1.3 linear regression. . . . . . . . . . . . . . . . . . . . . . . . 46
chapter 1 summary and review . . . . . . . . . . . . . . . . . . . 58
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . . 59
chapter 2 functions and Graphs . . . . . . . . . . . . . . . . . . . 62
2.1 Functions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
2.2 elementary Functions: graphs and transformations . . . . . . . . 77
2.3 Quadratic Functions . . . . . . . . . . . . . . . . . . . . . . 89
2.4 Polynomial and rational Functions . . . . . . . . . . . . . . . 104
2.5 exponential Functions. . . . . . . . . . . . . . . . . . . . . 115
2.6 logarithmic Functions . . . . . . . . . . . . . . . . . . . . . 126
chapter 2 summary and review . . . . . . . . . . . . . . . . . . 137
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 140
Part 2 finiTE mAThEmATics
chapter 3 mathematics of finance . . . . . . . . . . . . . . . . . . 146
3.1 simple Interest . . . . . . . . . . . . . . . . . . . . . . . . 147
3.2 compound and continuous compound Interest . . . . . . . . . 154
3.3 Future Value of an Annuity; sinking Funds . . . . . . . . . . . 167
3.4 Present Value of an Annuity; Amortization . . . . . . . . . . . 175
chapter 3 summary and review . . . . . . . . . . . . . . . . . . 187
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 189
chapter 4 systems of Linear Equations; matrices . . . . . . . . . . . . 193
4.1 review: systems of linear equations in two Variables . . . . . . 194
4.2 systems of linear equations and Augmented Matrices. . . . . . 207
4.3 gauss–Jordan elimination. . . . . . . . . . . . . . . . . . . 216
4.4 Matrices: Basic operations . . . . . . . . . . . . . . . . . . 230
4.5 Inverse of a square Matrix . . . . . . . . . . . . . . . . . . 242
4.6 Matrix equations and systems of linear equations. . . . . . . . 254
4.7 leontief Input–output Analysis. . . . . . . . . . . . . . . . . 262
chapter 4 summary and review . . . . . . . . . . . . . . . . . . 270
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 271
3
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4 conTEnTs
chapter 5 Linear inequalities and Linear Programming . . . . . . . . . 275
5.1 linear Inequalities in two Variables . . . . . . . . . . . . . . 276
5.2 systems of linear Inequalities in two Variables . . . . . . . . . 283
5.3 linear Programming in two dimensions: A geometric Approach. 290
chapter 5 summary and review . . . . . . . . . . . . . . . . . . 302
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 303
chapter 6 Linear Programming: The simplex method . . . . . . . . . 305
6.1 the table Method: An Introduction to the simplex Method . . . . 306
6.2 the simplex Method:
Maximization with Problem constraints of the Form … . . . . . 317
6.3 the dual Problem:
Minimization with Problem constraints of the Form Ú . . . . . . 333
6.4 Maximization and Minimization with
Mixed Problem constraints . . . . . . . . . . . . . . . . . . 346
chapter 6 summary and review . . . . . . . . . . . . . . . . . . 361
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 362
chapter 7 Logic, sets, and counting . . . . . . . . . . . . . . . . . 365
7.1 logic . . . . . . . . . . . . . . . . . . . . . . . . . . . . 366
7.2 sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 374
7.3 Basic counting Principles . . . . . . . . . . . . . . . . . . . 381
7.4 Permutations and combinations . . . . . . . . . . . . . . . . 389
chapter 7 summary and review . . . . . . . . . . . . . . . . . . 400
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 402
chapter 8 Probability . . . . . . . . . . . . . . . . . . . . . . . . . 405
8.1 sample spaces, events, and Probability . . . . . . . . . . . . 406
8.2 union, Intersection, and complement of events; odds. . . . . . 419
8.3 conditional Probability, Intersection, and Independence . . . . . 431
8.4 Bayes’ Formula. . . . . . . . . . . . . . . . . . . . . . . . 445
8.5 random Variable, Probability distribution, and expected Value. . 452
chapter 8 summary and review . . . . . . . . . . . . . . . . . . 461
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 463
chapter 9 markov chains . . . . . . . . . . . . . . . . . . . . . . 467
9.1 Properties of Markov chains. . . . . . . . . . . . . . . . . . 468
9.2 regular Markov chains . . . . . . . . . . . . . . . . . . . . 479
9.3 Absorbing Markov chains . . . . . . . . . . . . . . . . . . 489
chapter 9 summary and review . . . . . . . . . . . . . . . . . . 503
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 504
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conTEnTs 5
Part 3 cALcuLus
chapter 10 Limits and the Derivative . . . . . . . . . . . . . . . . . . 508
10.1 Introduction to limits. . . . . . . . . . . . . . . . . . . . . 509
10.2 Infinite limits and limits at Infinity. . . . . . . . . . . . . . . 523
10.3 continuity. . . . . . . . . . . . . . . . . . . . . . . . . . 535
10.4 the derivative. . . . . . . . . . . . . . . . . . . . . . . . 546
10.5 Basic differentiation Properties . . . . . . . . . . . . . . . . 561
10.6 differentials. . . . . . . . . . . . . . . . . . . . . . . . . 570
10.7 Marginal Analysis in Business and economics . . . . . . . . . 577
chapter 10 summary and review . . . . . . . . . . . . . . . . . 588
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 589
chapter 11 Additional Derivative Topics . . . . . . . . . . . . . . . . 594
11.1 the constant e and continuous compound Interest . . . . . . 595
11.2 derivatives of exponential and logarithmic Functions. . . . . . 601
11.3 derivatives of Products and Quotients. . . . . . . . . . . . . 610
11.4 the chain rule . . . . . . . . . . . . . . . . . . . . . . . 618
11.5 Implicit differentiation . . . . . . . . . . . . . . . . . . . . 628
11.6 related rates . . . . . . . . . . . . . . . . . . . . . . . . 634
11.7 elasticity of demand. . . . . . . . . . . . . . . . . . . . . 640
chapter 11 summary and review . . . . . . . . . . . . . . . . . 647
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 649
chapter 12 Graphing and optimization . . . . . . . . . . . . . . . . 651
12.1 First derivative and graphs . . . . . . . . . . . . . . . . . 652
12.2 second derivative and graphs. . . . . . . . . . . . . . . . 668
12.3 l’hôpital’s rule . . . . . . . . . . . . . . . . . . . . . . . 685
12.4 curve-sketching techniques . . . . . . . . . . . . . . . . . 694
12.5 Absolute Maxima and Minima . . . . . . . . . . . . . . . . 707
12.6 optimization . . . . . . . . . . . . . . . . . . . . . . . . 715
chapter 12 summary and review . . . . . . . . . . . . . . . . . 728
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 729
chapter 13 integration . . . . . . . . . . . . . . . . . . . . . . . . . 733
13.1 Antiderivatives and Indefinite Integrals . . . . . . . . . . . . 734
13.2 Integration by substitution . . . . . . . . . . . . . . . . . . 745
13.3 differential equations; growth and decay. . . . . . . . . . . 756
13.4 the definite Integral . . . . . . . . . . . . . . . . . . . . . 767
13.5 the Fundamental theorem of calculus . . . . . . . . . . . . 777
chapter 13 summary and review . . . . . . . . . . . . . . . . . 789
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 791
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6 conTEnTs
chapter 14 Additional integration Topics . . . . . . . . . . . . . . . . 795
14.1 Area Between curves . . . . . . . . . . . . . . . . . . . . 796
14.2 Applications in Business and economics . . . . . . . . . . . 805
14.3 Integration by Parts . . . . . . . . . . . . . . . . . . . . . 817
14.4 other Integration Methods . . . . . . . . . . . . . . . . . . 823
chapter 14 summary and review . . . . . . . . . . . . . . . . . 834
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 835
chapter 15 multivariable calculus . . . . . . . . . . . . . . . . . . . 838
15.1 Functions of several Variables . . . . . . . . . . . . . . . . 839
15.2 Partial derivatives . . . . . . . . . . . . . . . . . . . . . . 848
15.3 Maxima and Minima . . . . . . . . . . . . . . . . . . . . 857
15.4 Maxima and Minima using lagrange Multipliers . . . . . . . 865
15.5 Method of least squares. . . . . . . . . . . . . . . . . . . 874
15.6 double Integrals over rectangular regions . . . . . . . . . . 884
15.7 double Integrals over More general regions . . . . . . . . . 894
chapter 15 summary and review . . . . . . . . . . . . . . . . . 902
review exercises . . . . . . . . . . . . . . . . . . . . . . . . . 905
Appendix A basic Algebra review . . . . . . . . . . . . . . . . . . . 908
A.1 real numbers . . . . . . . . . . . . . . . . . . . . . . . . 908
A.2 operations on Polynomials . . . . . . . . . . . . . . . . . . 914
A.3 Factoring Polynomials. . . . . . . . . . . . . . . . . . . . . 920
A.4 operations on rational expressions . . . . . . . . . . . . . . 926
A.5 Integer exponents and scientific notation . . . . . . . . . . . 932
A.6 rational exponents and radicals . . . . . . . . . . . . . . . 936
A.7 Quadratic equations . . . . . . . . . . . . . . . . . . . . . 942
Appendix b special Topics . . . . . . . . . . . . . . . . . . . . . . . 951
B.1 sequences, series, and summation notation . . . . . . . . . . 951
B.2 Arithmetic and geometric sequences . . . . . . . . . . . . . 957
B.3 Binomial theorem . . . . . . . . . . . . . . . . . . . . . . 963
Appendix c Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . 967
Answers . . . . . . . . . . . . . . . . . . . . . . . . . .971
index . . . . . . . . . . . . . . . . . . . . . . . . . . 1027
index of Applications . . . . . . . . . . . . . . . . . . . 1038
Available separately: calculus Topics to Accompany calculus, 13e,
and college mathematics, 13e
chapter 1 Differential Equations
1.1 Basic concepts
1.2 separation of Variables
1.3 First-order linear differential equations
chapter 1 review
review exercises
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conTEnTs 7
chapter 2 Taylor Polynomials and infinite series
2.1 taylor Polynomials
2.2 taylor series
2.3 operations on taylor series
2.4 Approximations using taylor series
chapter 2 review
review exercises
chapter 3 Probability and calculus
3.1 Improper Integrals
3.2 continuous random Variables
3.3 expected Value, standard deviation, and Median
3.4 special Probability distributions
chapter 3 review
review exercises
Appendixes A and b (refer to back of College Mathematics for Business, Economics, Life Sciences,
and Social Sciences, 13e)
Appendix c Tables
table III Area under the standard normal curve
Appendix D special calculus Topic
d.1 Interpolating Polynomials and divided differences
Answers
solutions to odd-numbered Exercises
index
Applications index
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PreFAce
The thirteenth edition of College Mathematics for Business, Economics, Life Sciences,
and Social Sciences is designed for a two-term (or condensed one-term) course in finite
mathematics and calculus for students who have had one to two years of high school al-
gebra or the equivalent. The book’s overall approach, refined by the authors’ experience
with large sections of college freshmen, addresses the challenges of teaching and learning
when prerequisite knowledge varies greatly from student to student.
The authors had three main goals when writing this text:
▶ To write a text that students can easily comprehend
▶ To make connections between what students are learning and
how they may apply that knowledge
▶ To give flexibility to instructors to tailor a course to the needs of their students.
Many elements play a role in determining a book’s effectiveness for students. Not only is
it critical that the text be accurate and readable, but also, in order for a book to be e ffective,
aspects such as the page design, the interactive nature of the presentation, and the ability to
support and challenge all students have an incredible impact on how easily students com-
prehend the material. Here are some of the ways this text addresses the needs of students
at all levels:
▶ Page layout is clean and free of potentially distracting elements.
▶ Matched Problems that accompany each of the completely worked examples help
students gain solid knowledge of the basic topics and assess their own level of under-
standing before moving on.
▶ Review material (Appendix A and Chapters 1 and 2) can be used judiciously to help
remedy gaps in prerequisite knowledge.
▶ A Diagnostic Prerequisite Test prior to Chapter 1 helps students assess their skills,
while the Basic Algebra Review in Appendix A provides students with the content
they need to remediate those skills.
▶ Explore and Discuss problems lead the discussion into new concepts or build upon a
current topic. They help students of all levels gain better insight into the mathemati-
cal concepts through thought-provoking questions that are effective in both small and
large classroom settings.
▶ Instructors are able to easily craft homework assignments that best meet the needs
of their students by taking advantage of the variety of types and difficulty levels of
the exercises. Exercise sets at the end of each section consist of a Skills Warm-up
(four to eight problems that review prerequisite knowledge specific to that section)
followed by problems of varying levels of difficulty.
▶ The MyMathLab course for this text is designed to help students help themselves and
provide instructors with actionable information about their progress. The immedi-
ate feedback students receive when doing homework and practice in MyMathLab is
invaluable, and the easily accessible e-book enhances student learning in a way that
the printed page sometimes cannot.
Most important, all students get substantial experience in modeling and solving real-world
problems through application examples and exercises chosen from business and econom-
ics, life sciences, and social sciences. Great care has been taken to write a book that is
mathematically correct, with its emphasis on computational skills, ideas, and problem
solving rather than mathematical theory.
8
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PrEfAcE 9
Finally, the choice and independence of topics make the text readily adaptable to a
variety of courses (see the chapter dependencies chart on page 13). This text is one of
three books in the authors’ college mathematics series. The others are Finite Mathematics
for Business, Economics, Life Sciences, and Social Sciences, and Calculus for Business,
Economics, Life Sciences, and Social Sciences. Additional Calculus Topics, a supplement
written to accompany the Barnett/Ziegler/Byleen series, can be used in conjunction with
any of these books.
new to This Edition
Fundamental to a book’s effectiveness is classroom use and feedback. Now in its thirteenth
edition, College Mathematics for Business, Economics, Life Sciences, and Social Sciences
has had the benefit of a substantial amount of both. Improvements in this edition evolved
out of the generous response from a large number of users of the last and previous editions
as well as survey results from instructors, mathematics departments, course outlines, and
college catalogs. In this edition,
▶ The Diagnostic Prerequisite Test has been revised to identify the specific deficien-
cies in prerequisite knowledge that cause students the most difficulty with finite
mathematics and calculus.
▶ Most exercise sets now begin with a Skills Warm-up—four to eight problems that
review prerequisite knowledge specific to that section in a just-in-time approach.
References to review material are given for the benefit of students who struggle with
the warm-up problems and need a refresher.
▶ Section 6.1 has been rewritten to better motivate and introduce the simplex method
and associated terminology.
▶ Section 14.4 has been rewritten to cover the trapezoidal rule and Simpson’s rule.
▶ Examples and exercises have been given up-to-date contexts and data.
▶ Exposition has been simplified and clarified throughout the book.
▶ MyMathLab for this text has been enhanced greatly in this revision. Most notably, a
“Getting Ready for Chapter X” has been added to each chapter as an optional resource
for instructors and students as a way to address the prerequisite skills that students
need, and are often missing, for each chapter. Many more improvements have been
made. See the detailed description on pages 17 and 18 for more information.
Trusted features
emphasis and style
As was stated earlier, this text is written for student comprehension. To that end, the focus
has been on making the book both mathematically correct and accessible to students. Most
derivations and proofs are omitted, except where their inclusion adds significant insight
into a particular concept as the emphasis is on computational skills, ideas, and problem
solving rather than mathematical theory. General concepts and results are typically pre-
sented only after particular cases have been discussed.
design
One of the hallmark features of this text is the clean, straightforward design of its pages.
Navigation is made simple with an obvious hierarchy of key topics and a judicious use of
call-outs and pedagogical features. We made the decision to maintain a two-color d esign to
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