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Mathematics for Business Decisions, part II. Graphing Functions. Math 115b. Ekstrom Math 115b.
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Mathematics for Business Decisions, part II Graphing Functions Math 115b Ekstrom Math 115b
Graphing Functions Exercise: • Using only your calculator, sketch a graph of the function • Use only 13 equally-spaced points • Graph over the interval [0,6] • Use the whole area of graph paper Ekstrom Math 115b
Graphing Functions Ekstrom Math 115b
Graphing Functions Ekstrom Math 115b
Graphing Functions Ekstrom Math 115b
Graphing Functions Plotting Points • Need to produce graphs that are well-formatted as well as informative • We can have Excel do this for us • Excel needs many points to graph accurately • Many is a relative term Ekstrom Math 115b
Graphing Functions Example 1 • We have a function • Let’s have Excel graph this function over [0,4] • We need values of f (x) to do this – how can we get them? Ekstrom Math 115b
Graphing Functions Determining Points for Graph • Want a “large enough” number of points • arbitrary number • if graph is not pretty, you didn’t choose enough • with use of computers, can’t have too many • The text chooses 501 points so it evenly divides the interval where x0= 0 and x500= 4 • Note: We have 501 points since we start at x0 Ekstrom Math 115b
Graphing Functions Determining Points, cont. • We now have to determine what the distance between any 2 adjacent points • (4-0)/500 = 0.008 • The distance between any 2 adjacent points is 0.008 • For any graph, the distance between any 2 adjacent points within the interval (a,b), subdivided by n pointswill be: Ekstrom Math 115b
Graphing Functions Graph Examples.xls • Now that we have the number of points we need and the distance between any 2 adjacent points, we need to have Excel graph the function • Need to use the IF function to generate y-values • IF(statement, rule 1, rule 2) • If the statement is true, IF uses rule 1; else it uses rule 2 • We will use rule 1 to be and 0 to be rule 2 • Our statement will be • Let’s look at Graph Examples.xlsto see how Excel graphed the function using our points Ekstrom Math 115b
Graphing Functions Graphing • Once we have the values of f (x) that we need, we can have Excel generate a graph for us • Go to Chart Wizard and choose XY Scatter plot, with no markers (or if you have the template, use the Scatter plot Template) • We must enter our data range for the y-values and then change the series to show the x-values • Let’s try Ekstrom Math 115b
Graphing Functions Example 1 =IF(A3<1,0,IF(A3<=3,-0.75*(A3)^2+3*A3-2.25,0)) Ekstrom Math 115b
Graphing Functions Graphing Several Functions • You can also have Excel graph multiple functions on one set of axes • Doing so helps us understand the connections between the quantities that are represented • Think back to Project 1: Need a Demand curve, Revenue curve, Cost curve, and Profit curve • To do this, you will follow all the previous steps that you did to graph one function Ekstrom Math 115b
Graphing Functions Graphing Several Functions • You need to determine how many points you need for each function you want to graph • Also, you need to determine the distance between any 2 adjacent points • Have Excel determine the y-values for each x-value by using the IF function Ekstrom Math 115b
Graphing Functions Example 2 • If your functions were and you wanted Excel to graph them over the interval [0, 2000], what would your IF statements be for each? • Let’s see what the graphs look like Ekstrom Math 115b
Graphing Functions Example 2 Ekstrom Math 115b
Graphing Functions Graphing Utility • To create your own graphs can be time consuming (although very valuable) • A graphing utility, Graphing.xlsx, has been provided to you in the course files • Open up the file and follow the directions in the blue box • Note: This file contains macros which you need to enable – if you cannot produce a graph, you may not have enabled the macros • A backup, Graphing BU.xlsxhas also been provided (just in case) Ekstrom Math 115b
Graphing Functions Practice • You should practice working with the graphing utility, Graphing.xlsx • Use example functions that have been given in the text • You know what these graphs look like • There are also exercises in the text that you can try • You should know what the graphing utility is doing • Know why you are entering specific items into each cell Ekstrom Math 115b
Graphing Functions Practice • Exercise 1 Start with a blank Excel file and use 701 evenly spaced points to plot the graph of over the interval [-12,12]. Recall that Excel uses EXP(x) for . • Exercise 11 Use Graphing.xlsxto plot the graph of over the interval [-12,12]. Ekstrom Math 115b