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DIT 0205 Elementary Mathematics and Decision Making Techniques

This document outlines topics in elementary mathematics and decision making techniques, including sets and operations on sets, functions and graphs of linear and quadratic equations, differentiation and integration and their applications, financial mathematics concepts like progressions and interest, linear programming, decision theory under uncertainty using criteria like minimax and maximax, and numerical analysis techniques such as interpolation and the Newton-Raphson method.

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Alvo Kamau
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55 views1 page

DIT 0205 Elementary Mathematics and Decision Making Techniques

This document outlines topics in elementary mathematics and decision making techniques, including sets and operations on sets, functions and graphs of linear and quadratic equations, differentiation and integration and their applications, financial mathematics concepts like progressions and interest, linear programming, decision theory under uncertainty using criteria like minimax and maximax, and numerical analysis techniques such as interpolation and the Newton-Raphson method.

Uploaded by

Alvo Kamau
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DIT 0205 Elementary Mathematics and Decision Making Techniques

Sets: notation. Operations on sets, univasal and complements. Calculus: functions and graphs,
linear and quadratic equations. Elementary differentiation and integration, maximum and
minimum values. Application of calculus to cost, revenue, profit analysis and decision-making.
Financial mathematics; series, arithmetic progression, geometric progression, simple and
compound interest. Discounting. Linear programming graphical method. Decision theory;
decision making under uncertainity conditions and competition. Minimax and maximax criteria.
Conditional payoff and opportunity cost tables. Expected monetary values. Decision trees and
sequential decisions. Numerical analysis; Effects of errors on the basic operations of arithmetic.
Polynomials and zeros.Interpolation techniques, Newton-Raphson method.

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