MR: Mathematical Reasoning for Decision Making | MR

Mathematical Reasoning for Decision Making | MR

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Mathematical Reasoning for Decision Making is an applied fourth-year course spanning Algebra, Data Analysis and Statistics, Geometry and Measurement, and Financial Mathematics. Linear programming, normal distributions and confidence intervals, geometric measurement precision, and personal financial decision-making are the defining topics. The course is designed for students who need quantitative reasoning skills for non-calculus pathways.

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Example Problems
A restaurant chain wants to make a one-sample z interval to estimate the proportion of customers who are satisfied with a new menu item. They want the margin of error to be no more than at confidence.

What is the smallest
sample size required to obtain the desired margin of error?
I have a cockroach problem in my living room.

Don't ask how, but I counted
64 cockroaches today, and they are growing at a rate of 25% every day.

How many cockroaches will I have after
three days?
A running club recorded a sample of 4 training runs. Here are the distances (in miles):


The mean of these distances is
.

What is the
standard deviation, ?
Round your answer to
two decimal places.
A fair coin is flipped 5 times. Let be the number of heads. What is the expected value of ?
In a game you roll a fair six-sided die. You receive (3 times the number showing) dollars minus 5 dollars. What is the expected payout?
Goblins

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