Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: CMPS-0024 Organization's ID: GAC010 Organization: ACT Education Solutions, Limited Location: Classroom-based Length: Self-paced, 12 weeks (60 hours) Dates Offered: 8/1/2022 - 7/31/2025 3/1/2019 - 7/31/2022 12/1/2015 - 11/30/2018 8/1/2012 - 7/31/2015 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 finite mathematics Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is for the student to apply a basic knowledge of the principles of probability and statistics to solving and analyzing common financial problems. Learning Outcomes: solve problems using arithmetic and geometric sequences and series apply algebraic methods to solve financial problems and analyze information solve problems using probability and counting techniques analyze collected data using statistical methods use the normal distribution to analyze data General Topics: Sequence and series (terminology) Arithmetic progressions Geometric progressions Sum to infinity Sigma notation Earning money and purchasing goods Basic percentage calculations Mark-ups, discounts, profits and losses Spending money and purchasing goods Earning an income Taxation Investing and loans Dividends and shares Simple interest Compound interest Simple annuities Financial applications involving sequences and series Probability Terminology in probability Combining events Mutually exclusive and independent events The concept of probability Elementary properties of probability Calculating probabilities using addition rules Conditional probability Calculating probabilities using multiplication rules Probability trees Probability tables Some special counting techniques Statistics Terminology in statistics Statistical variables and statistical data Displaying data Presenting data using graphs Relative frequency distributions and their graphs Cumulative frequency distributions Frequency curves Stem-and-leaf diagrams Some further types of graphs Numerical measures of central location Summation notation Measures of central location Mean, median and mode Comparing the mean, median and mode graphically Measures of position or relative standing Five-number summary Numerical measures of variability Distance measures Measures of deviation Some applications of variance and standard deviation A practical interpretation of the standard deviation Box-and-whisker diagrams The normal distribution Using the standard normal tables for any normal distribution Applications of the normal distribution The empirical rule re-visited Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Classroom Exercise Computer Based Training Discussion Lectures Practical Exercises Project-based Instruction Methods of Assessment: Examinations Other Performance Rubrics (Checklists) Quizzes Project Minimum Passing Score: 70% Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from ACT Education Solutions, Limited Academic English II: Listening and Speaking (CMPS-0029) Academic English II: Reading and Writing Skills (CMPS-0028) Academic English III: Listening and Speaking Skills (CMPS-0020) Academic English III: Reading and Writing Skills (CMPS-0019) Business II: Business Studies (CMPS-0022) Business III: International Business Studies (CMPS-0016) Business, Science and Social Science I: Communication Skills (CMPS-0025) Computing I: Introduction to Computing for Academic Study (CMPS-0026) Computing I: Introduction to Computing for Academic Study (CMPS-0032) Computing II: Web Development (CMPS-0033) View All Courses Page Content