Business Math Q1
1. **Problem (a):** Find the number of distinct permutations of the letters of the word MATHEMATICS.
- The word MATHEMATICS has 11 letters.
- Count of each letter: M=2, A=2, T=2, H=1, E=1, I=1, C=1, S=1.
- Number of distinct permutations is given by $$\frac{11!}{2!2!2!}$$.
2. **Solution (a):**
$$11! = 39916800$$
$$2! = 2$$
So,
$$\text{Permutations} = \frac{39916800}{2 \times 2 \times 2} = \frac{39916800}{8} = 4989600$$
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3. **Problem (b):** From 7 gentlemen principals and 4 lady principals, form a committee of 5 including at least one lady.
- Total ways to select 5 from 11 = $$\binom{11}{5}$$.
- Ways with no lady = select all 5 from 7 gentlemen = $$\binom{7}{5}$$.
- Ways with at least one lady = total ways - no lady ways.
4. **Solution (b):**
$$\binom{11}{5} = \frac{11!}{5!6!} = 462$$
$$\binom{7}{5} = \frac{7!}{5!2!} = 21$$
So,
$$\text{Ways} = 462 - 21 = 441$$
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5. **Problem (c):** Supply function $$p = 0.4 e^{2x}$$, sales = 2000 units (x in thousands, so $$x=2$$). Find producer surplus.
- Producer surplus = $$\int_0^x p \, dx - p(x) \times x$$.
6. **Solution (c):**
Calculate $$\int_0^2 0.4 e^{2x} dx$$:
$$\int 0.4 e^{2x} dx = 0.4 \times \frac{e^{2x}}{2} = 0.2 e^{2x}$$
Evaluate from 0 to 2:
$$0.2 (e^{4} - 1)$$
Calculate $$p(2) \times 2 = 0.4 e^{4} \times 2 = 0.8 e^{4}$$
Producer surplus:
$$0.2 (e^{4} - 1) - 0.8 e^{4} = 0.2 e^{4} - 0.2 - 0.8 e^{4} = -0.6 e^{4} - 0.2$$
Numerically,
$$e^{4} \approx 54.598$$
So,
$$-0.6 \times 54.598 - 0.2 = -32.7588 - 0.2 = -32.9588$$
Since surplus cannot be negative, re-check: Producer surplus is usually $$\int_0^x p(x) dx - p(x) x$$, but here supply function is price, so producer surplus = $$p(x) x - \int_0^x p(x) dx$$.
Correcting:
$$0.8 e^{4} - 0.2 (e^{4} - 1) = 0.8 e^{4} - 0.2 e^{4} + 0.2 = 0.6 e^{4} + 0.2$$
Numerically:
$$0.6 \times 54.598 + 0.2 = 32.7588 + 0.2 = 32.9588$$
Producer surplus = 32.9588 (thousand units price units).
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7. **Problem (d):** Sum of all natural numbers between 250 and 1000 divisible by 3.
- First multiple of 3 after 250 is 252.
- Last multiple of 3 before 1000 is 999.
- Number of terms $$n = \frac{999 - 252}{3} + 1 = 250$$.
8. **Solution (d):**
Sum of AP:
$$S_n = \frac{n}{2} (a + l) = \frac{250}{2} (252 + 999) = 125 \times 1251 = 156375$$
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9. **Problem (e):** Demand law $$p = 20 - 2x - x^2$$, find consumer surplus at market demand $$x=3$$.
- Consumer surplus = $$\int_0^3 p(x) dx - p(3) \times 3$$.
10. **Solution (e):**
Calculate integral:
$$\int_0^3 (20 - 2x - x^2) dx = [20x - x^2 - \frac{x^3}{3}]_0^3 = (20 \times 3 - 9 - 9) - 0 = 60 - 9 - 9 = 42$$
Calculate $$p(3) = 20 - 6 - 9 = 5$$
Consumer surplus:
$$42 - 5 \times 3 = 42 - 15 = 27$$
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11. **Problem (f):** Find absolute max and min of $$f(x) = 3x^4 - 2x^3 - 6x^2 + 6x + 1$$ on $$[0,2]$$.
12. **Solution (f):**
Find $$f'(x) = 12x^3 - 6x^2 - 12x + 6$$.
Set $$f'(x) = 0$$:
$$12x^3 - 6x^2 - 12x + 6 = 0 \Rightarrow 2x^3 - x^2 - 2x + 1 = 0$$
Try rational roots: x=1
$$2(1)^3 - 1 - 2 + 1 = 2 - 1 - 2 + 1 = 0$$
So, factor:
$$(x-1)(2x^2 + x -1) = 0$$
Solve quadratic:
$$2x^2 + x -1 = 0$$
$$x = \frac{-1 \pm \sqrt{1 + 8}}{4} = \frac{-1 \pm 3}{4}$$
Roots:
$$x = \frac{2}{4} = 0.5, \quad x = \frac{-4}{4} = -1$$ (discard -1 as outside interval)
Critical points: $$x=0.5, 1$$
Evaluate $$f(x)$$ at 0, 0.5, 1, 2:
$$f(0) = 1$$
$$f(0.5) = 3(0.5)^4 - 2(0.5)^3 - 6(0.5)^2 + 6(0.5) + 1 = 3(0.0625) - 2(0.125) - 6(0.25) + 3 + 1 = 0.1875 - 0.25 - 1.5 + 3 + 1 = 2.4375$$
$$f(1) = 3 - 2 - 6 + 6 + 1 = 2$$
$$f(2) = 3(16) - 2(8) - 6(4) + 12 + 1 = 48 - 16 - 24 + 12 + 1 = 21$$
Absolute minimum = 1 at $$x=0$$
Absolute maximum = 21 at $$x=2$$
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13. **Problem (g):** Number of ways to select 11 players from 12; (i) including captain, (ii) excluding captain.
14. **Solution (g):**
Total ways:
$$\binom{12}{11} = 12$$
(i) Include captain: select 10 from remaining 11:
$$\binom{11}{10} = 11$$
(ii) Exclude captain: select all 11 from remaining 11:
$$\binom{11}{11} = 1$$
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15. **Problem (h):** Find five numbers in AP with sum 35 and sum of squares 285.
- Let numbers be $$a - 2d, a - d, a, a + d, a + 2d$$.
Sum:
$$5a = 35 \Rightarrow a = 7$$
Sum of squares:
$$(a-2d)^2 + (a-d)^2 + a^2 + (a+d)^2 + (a+2d)^2 = 285$$
Calculate:
$$5a^2 + 2d^2 + 8d^2 = 285$$
$$5(7^2) + 10 d^2 = 285$$
$$245 + 10 d^2 = 285 \Rightarrow 10 d^2 = 40 \Rightarrow d^2 = 4 \Rightarrow d = \pm 2$$
Numbers:
For $$d=2$$: 3, 5, 7, 9, 11
For $$d=-2$$: 11, 9, 7, 5, 3
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**Final answers:**
(a) 4989600
(b) 441
(c) 32.9588
(d) 156375
(e) 27
(f) Absolute max = 21 at x=2, Absolute min = 1 at x=0
(g) Total = 12, include captain = 11, exclude captain = 1
(h) 3, 5, 7, 9, 11