1 c Kathryn Bollinger, February 4, 2014 Concepts to Know #1 Math 142 A.8, 1.0, 1.1 topics, 1.2 topics, 1.3, 1.5, 3.1-3.3 • Prerequisite Knowledge Functions: each element x corresponds to exactly one element y (passes vert. line test) Domain: all possible x values (independent variable) know how to find this Range: all possible y values (dependent variable) Function Notation f (a) represents the function value (y) when x=a Interval Notation (a, b) = exclude endpoints a and b [a, b] = include endpoints a and b f (x + h) − f (x) Difference Quotient: h Basic/Parent Functions : know basic graphs Identity Function (y = x) Square Function (y = x2 ) Cube Function (y = x3 ) √ Sq. Root Function (y = x) √ Cube Root Function (y = 3 x) Absolute Value Function (y = |x|) Know properties of lines Be able to find the equation of a line Be able to interpret slope and y-int. Know applications (linear cost, linear supply and demand) Linear Supply and Demand S(x) = p = mx + b D(x) = p = mx + b **All points on supply and demand curves are of the form (x, p) = (quantity, price)!!** Know properties of quadratic functions Be able to determine if a parabola opens up or down Know how to find the vertex Know how to find the zeros • A.8 - Some Special Functions and Graphing Techniques Be able to classify different functions based on their equation and/or shape of their graph Polynomials: P (x) = an xn + an−1 xn−1 + · · · + a1 x + a0 (n is a positive integer) Leading Coefficient = an (determines direction of the ends of the graph as x → ±∞) Degree of the Poly = n (if an 6= 0) Examples of Polynomials: Linear, Quadratic, Cubic, Quartic Rational Functions: a polynomial divided by a polynomial Power Functions: f (x) = xn Special Case: Root Functions Know the difference between even and odd root functions Graph Transformations Know how each of the following will change the graph of f (x) based on the value of c: f (x) + c, f (x) − c (vert. shift) f (x + c), f (x − c) (horiz. shift) cf (x) (vert stretch or shrink) −f (x) (reflection about x-axis) Be able to shift a given graph Be able to formulate a function’s equation by knowing how a basic function is being transformed Be able to choose a basic function and list the transformations (in the correct order) performed on that function which will produce a function with a given equation 2 c Kathryn Bollinger, February 4, 2014 • 1.1 Topics - Increasing/Decreasing, Concavity, Continuity, and PiecewiseDefined Functions Piecewise-Defined Functions Be able to graph Be able to formulate from a word problem Write the absolute value of a function as its equivalent piecewise-defined function Be able to find the domain From a graph, know where a function is increasing or decreasing, and concave up or down Be able to identify where a graph is continuous • 1.2 Topics - Break-Even Analysis and Market Equilibrium Cost, Revenue and Profit Linear Cost: C(x) = cx + F where c is the cost to produce each unit and F is the fixed costs Linear Revenue: R(x) = sx where s is the selling price of each unit (a constant price) Revenue when price changes: R(x) = px where p is demand function Profit: P (x) = R(x) − C(x) Break-Even Point R(x) = C(x) (or P (x) = 0 to find quantity) x = break-even quantity y = break-even revenue Be able to find the quantity to be sold where quadratic revenue or profit is maximized Be able to find the price where quadratic revenue or profit is maximized Be able to find the maximum revenue or profit Equilibrium Point Supply = Demand x = equilibrium quantity y = equilibrium price Linear Depreciation: V (t) = mt + b |m| = rate of depreciation b = value of asset at time zero Scrap Value = lowest value asset attains • 1.3 - Exponential Functions Basic Function: f (x) = a ∗ bx (b > 0, b 6= 1) Exponential Growth when a > 0; b > 1 Exponential Decay when a > 0; 0<b<1 Domain: (−∞, ∞) Range: (0, ∞) HA: y = 0 in one direction Be familiar with the graphs of basic exponential functions Be able to find the domain of any exponential function Know exponential properties in order to simplify expressions and solve equations Simple Interest I = P rt where I = interest earned, P = principal (money originally deposited), r = interest rate (in decimal format), and t = time of investment (in same time units as r) A = P + I = P (1 + rt) where A = the accumulated amount in the account after time t Compound Interest m = the number of times your money is compounded per year (annually=1, semiannually=2, quarterly=4, monthly=12, weekly=52, daily=365) Know how to use TVMSolver on the calculator N = mt total # of times money is compounded I= interest rate per year (in % form) P V = P (amount initially deposited into an acct) P M T = $0 in this class F V = A (the amount of money in the account after t years) P/Y = number of payments made per year (m in this class) C/Y = m = number of times your account is compounded per year PMT: should be set to END Continuously Compounded Interest: A = P ert 3 c Kathryn Bollinger, February 4, 2014 1.3 continued Effective Rate of Interest: The simple interest rate that would produce the same accumulated amt in one year as the given rate compounded m times per year EF F (r, m) on the calculator when compounded m times a year r e − 1 when compounded continuously Used to compare different bank accounts • 1.5 - Logarithms One-to-One Functions Each y-value of a function corresponds to exactly one x-value Passes both vert. and horiz. line tests Have inverses Inverse Functions Know that domain and range of a function’s inverse are the range and domain of the original function, respectively Logarithmic Functions Basic Function: f (x) = loga x (a > 0, a 6= 1) Inverses of Exponentials Domain: (0, ∞) Range: (−∞, ∞) Base e is “natural” log: ln x (on calc.) Base 10 is “common” log: log x (on calc.) Be familiar with the graph of a basic logarithmic function Be able to find the domain of any logarithmic function Know properties of logarithms in order to simplify expressions and solve equations Change of Base Formula: ln a log a = logb a = log b ln b • 3.1 - Limits One-Sided Limits Be able to find graphically Be able to find numerically from a table of values lim f (x) = L ⇔ lim f (x) = lim f (x) = L x→a x→a+ x→a− Know the difference in a limit value and a function value Algebraically Calculating Limits Know the properties of limits Know when to use Direct Substitution to find the value of a limit If an indeterminate form is found, algebraically simplify (factor and cancel, multiply by the conjugate, get common denominators,...) to determine the limit value, if it exists Know how to find limits of piecewise-defined functions Be able to draw conclusions about the graph of a function from limit values Vertical Asymptotes Know limit definition (as x → a number, the function → ±∞) Know how to determine if a limit “=” ±∞ Definition of Continuity at x = c f (c) is defined lim f (x) exists x→c lim f (x) = f (c) x→c Be able to find where a function is continuous or discontinuous Piecewise-Defined Functions Be able to find discontinuities Be able to find variable values to make a piecewise-defined function continuous everywhere 4 c Kathryn Bollinger, February 4, 2014 • 3.2/3.3 - Rates of Change and The Derivative Know how to find the average rate of change ∆y (AROC) between two points: ∆x (slope of a secant line) Be able to estimate the instantaneous rate of change (IROC) from a set of data by finding the average of two AROC Understand that finding the IROC of f (x) at x = a is equivalent to finding the slope of the tangent line at x = a and is found by f ′ (a) = lim h→0 f (a + h) − f (a) h If f (t) represents the position of an object, then f ′ (a) represents the velocity of the object at t=a Be able to find the equation of the line tangent to a curve at a specified point The Derivative as a Function Know how to find f ′ (x) by using the limit definition: f ′ (x) = lim h→0 f (x + h) − f (x) h Be familiar with the different notations for the derivative: f ′ (x) = y ′ = df d dy = = f (x) dx dx dx Be able to sketch the graph of f ′ (x), from the graph of f (x) Values of Slopes of Tangent Lines → y-values on f ′ (x) Points where f (x) has horizontal tangent lines → x-intercepts of f ′ (x) Know where f (x) is increasing/decreasing → f ′ (x) above or below x-axis Know when a function is nondifferentiable (the derivative DNE): At sharp turns or corners At a vertical tangent Where the function is not continuous