Course Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: CMPS-0024 Version: 5 Organization's ID: GAC010 Organization: ACT Education Solutions, Limited Location: Classroom-based Length: 60 hours Minimum Passing Score: 70 ACE Credit Recommendation Period: 6/1/2025 - 5/31/2028 8/1/2022 - 5/31/2025 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: Apply algebraic methods to solve financial problems and analyze information Solve problems using arithmetic and geometric sequences and series Solve problems using probability and counting techniques Use the normal distribution to analyze data Analyze collected data using statistical methods 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 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 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 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 Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Equivalencies Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from ACT Education Solutions, Limited View All Courses College Credit Opportunities Page Content