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Solution Manual for Mathematic Applications for the Management, Life, and Social Sciences, Twelfth Edition by Ronald J. Harshbarger, James J. Reynolds

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Mathematic Applications for the Management, Life, and Social Sciences, Twelfth Edition Ronald J. Harshbarger, James J. Reynolds Senior Vice President: Erin Joyner Product Director: Mark Santee Product Manager: Rita Lombard Content Developer: Morgan Mendoza Product Assistant: Abby DeVeuve Marketing Manager: Ana Albinson and  Giana Manzi Senior Content Project Manager: John Fuller Art Director: Vernon Boes Manufacturing Planner: Douglas Bertke IP Analyst: Ann Hoffman IP Project Manager: Erika Mugavin Production Service and Compositor:  Lumina Datamatics Text and Cover Design: Hespenheide Design Cover Image: Times Square from helicopter  at night. Image courtesy of WIN-Initiative/  Getty Images. For product information and technology assistance, contact us at Cengage Learning Customer & Sales Support, . For permission to use material from this text or product, submit all requests online at Further permissions questions can be emailed to . Printed in the United States of America Print Number: 01 Print Year: 2017Contents Preface vii 0 Algebraic Concepts 1 0.1 Sets 2 0.2 The Real Numbers 9 0.3 Integral Exponents 15 0.4 Radicals and Rational Exponents 21 0.5 Operations with Algebraic Expressions 27 0.6 Factoring 33 0.7 Algebraic Fractions 38 Key Terms and Formulas 45 Review Exercises 46 Chapter Test 49 Extended Application & Group Project 50 Campaign Management 1 Linear Equations and Functions 51 1.1 Solutions of Linear Equations and Inequalities in One Variable 53 1.2 Functions 62 1.3 Linear Functions 75 1.4 Graphs and Graphing Utilities 85 1.5 Solutions of Systems of Linear Equations 93 1.6 Applications of Functions in Business and Economics 103 Key terms and Formulas 113 Review Exercises 114 Chapter Test 118 Extended Applications & Group Projects 120 Hospital Administration • Fundraising 2 Quadratic and Other Special Functions 121 2.1 Quadratic Equations 123 2.2 Quadratic Functions: Parabolas 131 2.3 Business Applications Using Quadratics 142 2.4 Special Functions and Their Graphs 148 2.5 Modeling; Fitting Curves to Data with Graphing Utilities 160 Key Terms and Formulas 170 Review Exercises 171 Chapter Test 175 Extended Applications & Group Projects 177 Body Mass Index (Modeling) • Operating Leverage and Business Risk 3 Matrices 179 3.1 Matrices 181 3.2 Multiplication of Matrices 193 3.3 Gauss-Jordan Elimination: Solving Systems of Equations 204 3.4 Inverse of a Square Matrix; Matrix Equations 217 3.5 Applications of Matrices: Leontief Input-Output Models 230 Key Terms and Formulas 241 Review Exercises 242 Chapter Test 245 Extended Applications & Group Projects 248 Taxation • Company Profits after Bonuses and Taxes 4 Inequalities and Linear Programming 249 4.1 Linear Inequalities in Two Variables 251 4.2 Linear Programming: Graphical Methods 260 4.3 The Simplex Method: Maximization 272 4.4 The Simplex Method: Duality and Minimization 289 4.5 The Simplex Method with Mixed Constraints 298 Key Terms and Formulas 307 Review Exercises 307 Chapter Test 311 iiiiv Contents Extended Applications & Group Projects 313 Transportation • Slack Variables and Shadow Prices 5 Exponential and Logarithmic Functions 315 5.1 Exponential Functions 317 5.2 Logarithmic Functions and Their Properties 329 5.3 Equations and Applications with Exponential and Logarithmic Functions 342 Key Terms and Formulas 353 Review Exercises 354 Chapter Test 356 Extended Applications & Group Projects 358 Worldwide Mobile Phone Subscriberships (Modeling) • Agricultural Business Management 6 Mathematics of Finance 360 6.1 Simple Interest; Sequences 362 6.2 Compound Interest; Geometric Sequences 369 6.3 Future Values of Annuities 383 6.4 Present Values of Annuities 392 6.5 Loans and Amortization 404 Key Terms and Formulas 412 Review Exercises 413 Chapter Test 416 Extended Applications & Group Projects 417 Mail Solicitation Home Equity Loan: Is This a Good Deal? • Profit Reinvestment • Purchasing a Home 7 Introduction to Probability 419 7.1 Probability; Odds 421 7.2 Unions and Intersections of Events: One-Trial Experiments 431 7.3 Conditional Probability: The Product Rule 438 7.4 Probability Trees and Bayes’ Formula 448 7.5 Counting: Permutations and Combinations 455 7.6 Permutations, Combinations, and Probability 462 7.7 Markov Chains 467 Key Terms and Formulas 476 Review Exercises 477 Chapter Test 480 Extended Applications & Group Projects 481 Phone Numbers • Quality Control • Competition in the Telecommunications Industry 8 Further Topics in Probability; Data Description 483 8.1 Binomial Probability Experiments 485 8.2 Data Description 490 8.3 Discrete Probability Distributions; The Binomial Distribution 502 8.4 Normal Probability Distribution 512 8.5 The Normal Curve Approximation to the Binomial Distribution 522 Key Terms and Formulas 526 Review Exercises 527 Chapter Test 529 Extended Applications & Group Projects 531 Lotteries • Statistics in Medical Research; Hypothesis Testing 9 Derivatives 533 9.1 Limits 535 9.2 Continuous Functions; Limits at Infinity 549 9.3 Rates of Change and Derivatives 559 9.4 Derivative Formulas 573 9.5 The Product Rule and the Quotient Rule 583 9.6 The Chain Rule and the Power Rule 591 9.7 Using Derivative Formulas 597 9.8 Higher-Order Derivatives 603 9.9 Applications: Marginals and Derivatives 609 Key Terms and Formulas 618 Review Exercises 619 Chapter Test 623 Extended Applications & Group Projects 624 Marginal Return to Sales • Energy from Crude Oil (Modeling) • Tangent Lines and Optimization in Business and Economics 10 Applications of Derivatives 627 10.1 Relative Maxima and Minima: Curve Sketching 629 10.2 Concavity; Points of Inflection 643 10.3 Optimization in Business and Economics 655 Copyright 2019 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.Contents v 10.4 Applications of Maxima and Minima 667 10.5 Rational Functions: More Curve Sketching 674 Key Terms and Formulas 684 Review Exercises 684 Chapter Test 688 Extended Applications & Group Projects 689 Production Management • Room Pricing in the Off-Season (Modeling) 11 Derivatives Continued 691 11.1 Derivatives of Logarithmic Functions 693 11.2 Derivatives of Exponential Functions 701 11.3 Implicit Differentiation 708 11.4 Related Rates 717 11.5 Applications in Business and Economics 723 Key Terms and Formulas 731 Review Exercises 731 Chapter Test 734 Extended Applications & Group Projects 735 Inflation • Renewable Electric Power (Modeling) 12 Indefinite Integrals 737 12.1 Indefinite Integrals 739 12.2 The Power Rule 746 12.3 Integrals Involving Exponential and Logarithmic Functions 755 12.4 Applications of the Indefinite Integral in Business and Economics 764

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,Mathematic Applications for the © 2019, 2016, 2013, Cengage Learning, Inc.
­Management, Life, and Social Sciences,
Twelfth Edition Unless otherwise noted, all content is © Cengage

Ronald J. Harshbarger, James J. Reynolds ALL RIGHTS RESERVED. No part of this work covered by the copyright
herein may be reproduced or distributed in any form or by any means,
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Product Director: Mark Santee permission of the copyright owner.
Product Manager: Rita Lombard
Content Developer: Morgan Mendoza For product information and technology assistance, contact us at
Cengage Learning Customer & Sales Support, 1-800-354-9706.
Product Assistant: Abby DeVeuve
For permission to use material from this text or product,
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submit all requests online at www.cengage.com/permissions.
Giana Manzi
Further permissions questions can be emailed to
Senior Content Project Manager: John Fuller
.
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Manufacturing Planner: Douglas Bertke
Library of Congress Control Number: 2017953697
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Getty Images. 978-1-337-63045-0


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Printed in the United States of America
Print Number: 01         Print Year: 2017

,Contents

Preface vii
2.4 Special Functions and Their Graphs 148
2.5 Modeling; Fitting Curves to Data with Graphi
Utilities 160
0 Algebraic Concepts 1 Key Terms and Formulas 170
0.1 Sets 2 Review Exercises 171
0.2 The Real Numbers 9 Chapter Test 175
0.3 Integral Exponents 15 Extended Applications & Group Projects 177
0.4 Radicals and Rational Exponents 21 Body Mass Index (Modeling) • Operating
0.5 Operations with Algebraic Expressions 27 ­Leverage and Business Risk
0.6 Factoring 33
0.7 Algebraic Fractions 38
Key Terms and Formulas 45 3 Matrices 179
Review Exercises 46 3.1 Matrices 181
Chapter Test 49 3.2 Multiplication of Matrices 193
Extended Application & Group Project 50 3.3 Gauss-Jordan Elimination: Solving ­Systems of
Campaign Management Equations 204
3.4 Inverse of a Square Matrix; Matrix
Equations 217
1 Linear Equations and Functions 51 3.5 Applications of Matrices: Leontief Input-Outp
Models 230
1.1 Solutions of Linear Equations and Key Terms and Formulas 241
Inequalities in One Variable 53
Review Exercises 242
1.2 Functions 62
Chapter Test 245
1.3 Linear Functions 75
Extended Applications & Group Projects 248
1.4 Graphs and Graphing Utilities 85
Taxation • Company Profits after Bonuses
1.5 Solutions of Systems of Linear Equations 93 and Taxes
1.6 Applications of Functions in Business
and Economics 103
Key terms and Formulas 113
4 Inequalities and Linear
Review Exercises 114
Programming 249
Chapter Test 118
Extended Applications & Group Projects 120 4.1 Linear Inequalities in Two Variables 251
Hospital Administration • Fundraising 4.2 Linear Programming: Graphical Methods 260
4.3 The Simplex Method: Maximization 272
4.4 The Simplex Method: Duality and
Minimization 289
2 Quadratic and Other Special 4.5 The Simplex Method with Mixed
Functions 121 Constraints 298
2.1 Quadratic Equations 123 Key Terms and Formulas 307
2.2 Quadratic Functions: Parabolas 131 Review Exercises 307
2.3 Business Applications Using Quadratics 142 Chapter Test 311

, iv Contents


Extended Applications & Group Projects 313 Chapter Test 480
Transportation • Slack Variables and Extended Applications & Group Projects 481
Shadow Prices Phone Numbers • Quality Control •
­Competition in the Telecommunications
Industry

5 Exponential and Logarithmic
Functions 315
8 Further Topics in Probability;
5.1 Exponential Functions 317
5.2 Logarithmic Functions and Their
Data Description 483
Properties 329 8.1 Binomial Probability Experiments 485
5.3 Equations and Applications with 8.2 Data Description 490
Exponential and Logarithmic Functions 342 8.3 Discrete Probability Distributions;
Key Terms and Formulas 353 The Binomial Distribution 502
Review Exercises 354 8.4 Normal Probability Distribution 512
Chapter Test 356 8.5 The Normal Curve Approximation
Extended Applications & Group Projects 358 to the Binomial Distribution 522
Worldwide Mobile Phone Key Terms and Formulas 526
Subscriberships (Modeling) • Agricultural Review Exercises 527
­Business Management Chapter Test 529
Extended Applications & Group Projects 531
Lotteries • Statistics in Medical Research;
6 Mathematics of Finance 360 ­Hypothesis Testing

6.1 Simple Interest; Sequences 362
6.2 Compound Interest; Geometric Sequences 369
6.3 Future Values of Annuities 383 9 Derivatives 533
6.4 Present Values of Annuities 392 9.1 Limits 535
6.5 Loans and Amortization 404 9.2 Continuous Functions; Limits at Infinity 549
Key Terms and Formulas 412 9.3 Rates of Change and Derivatives 559
Review Exercises 413 9.4 Derivative Formulas 573
Chapter Test 416 9.5 The Product Rule and the Quotient Rule 583
Extended Applications & Group Projects 417 9.6 The Chain Rule and the Power Rule 591
Mail Solicitation Home Equity Loan: Is This a 9.7 Using Derivative Formulas 597
Good Deal? • Profit Reinvestment • Purchasing 9.8 Higher-Order Derivatives 603
a Home 9.9 Applications: Marginals and Derivatives 609
Key Terms and Formulas 618
Review Exercises 619
7 Introduction to Probability 419 Chapter Test 623
Extended Applications & Group Projects 624
7.1 Probability; Odds 421
Marginal Return to Sales • Energy from
7.2 Unions and Intersections of Events:
Crude Oil (Modeling) • Tangent Lines and
One-Trial Experiments 431
­Optimization in Business and Economics
7.3 Conditional Probability: The Product Rule 438
7.4 Probability Trees and Bayes’ Formula 448
7.5 Counting: Permutations and Combinations 455
7.6 Permutations, Combinations, 10 Applications of Derivatives 627
and Probability 462 10.1 Relative Maxima and Minima:
7.7 Markov Chains 467 Curve Sketching 629
Key Terms and Formulas 476 10.2 Concavity; Points of Inflection 643
Review Exercises 477 10.3 Optimization in Business and Economics 655


Copyright 2019 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).
Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

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