Using technology as a tool for solving problems, this unique book presents the practical, day-to-day applications of mathematical concepts by connecting them to real-world examples and reader's actual problems. The focus is on the entire process of problem-solving, including the formulation and validation of mathematical models. Approaches the problem-solving process from beginning to end, using actual situations readers' need to solve. Helps readers understand mathematical functions and models: identifying and validating assumptions of models, making ballpark estimates, verifying calculations, performing sensitivity analysis, and identifying an appropriate level of precision to reflect a reasonable margin of error. A valuable reference book for any professional who can use mathematical models to solve everyday business problems.
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Using technology as a tool for solving problems, this unique book presents the practical, day-to-day applications of mathematical concepts by connecting them to real-world examples and reader's actual problems. The focus is on the entire process of problem-solving, including the formulation and validation of mathematical models. Approaches the problem-solving process from beginning to end, using actual situations readers' need to solve. Helps readers understand mathematical functions and models: identifying and validating assumptions of models, making ballpark estimates, verifying calculations, performing sensitivity analysis, and identifying an appropriate level of precision to reflect a reasonable margin of error. A valuable reference book for any professional who can use mathematical models to solve everyday business problems.
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