Project Management  ·  Level 5
Business Mathematics And Statistics
Chapter 2: Apply statistical equations
📚 5 Topics
⚑ What you will be able to do

By the end of this chapter, you will be able to:

  • determine linear equations correctly based on given objective functions
  • find quadratic equations accurately according to specific objective functions
  • formulate simultaneous equations correctly to solve related problems
  • compute break-even analysis accurately following your organization's goals
  • carry out differentiation and integration correctly according to the objectives
  • formulate total revenue, total cost, and profit equations accurately based on organizational needs

These skills will help you make smart, data-driven decisions that are essential for success in any technical or business role.

Compiled by: Grace Nganga

Apply statistical equations are fundamental in diverse Kenyan professional settings such as county hospitals, banks, universities, and agricultural cooperatives. Mastery of quadratic and simultaneous equations enables problem-solving in budgeting, resource allocation, data analysis, and operational planning. This chapter focuses on practical methods for solving quadratic equations and systems of simultaneous equations using substitution, elimination, and matrix techniques. These mathematical tools empower diploma-level students to apply quantitative reasoning effectively across multiple sectors.

2.2 Solving quadratic equations

Quadratic equations arise in various Kenyan industries, including calculating profit maximization in retail businesses and optimizing resource use in farms. These equations take the standard form \( ax^{2} + bx + c = 0 \) where \(a \neq 0\). Two primary methods to solve such equations are the formula method and factorization. Each method suits different problem types and complexity levels.

2.2.1 Formula method

The formula method uses the quadratic formula to find the roots of any quadratic equation. The quadratic formula is

$$ x = \frac{-b \pm \sqrt{b^{2} - 4ac}}{2a} $$

where \(a\), \(b\), and \(c\) are coefficients from the quadratic equation \(ax^{2} + bx + c = 0\).

Worked Examples

Example 1: A county hospital plans to construct a rectangular garden where the area is described by the equation \(2x^{2} + 5x - 3 = 0\), with \(x\) representing length in meters. Find the possible lengths.

Given: \(a=2\), \(b=5\), \(c=-3\)

$$ x = \frac{-5 \pm \sqrt{5^{2} - 4 \times 2 \times (-3)}}{2 \times 2} $$

$$ x = \frac{-5 \pm \sqrt{25 + 24}}{4} $$

$$ x = \frac{-5 \pm \sqrt{49}}{4} $$

$$ x = \frac{-5 \pm 7}{4} $$

For \(x = \frac{-5 + 7}{4} = \frac{2}{4} = 0.5\)

For \(x = \frac{-5 - 7}{4} = \frac{-12}{4} = -3\)

Answer: The possible lengths are 0.5 m and -3 m. Since length cannot be negative, the valid length is 0.5 m.

Example 2: A retail business models profit \(P\) (in Ksh) as \(P = -3x^{2} + 12x + 7\). Find the values of \(x\) when profit is zero.

Given: Set \(P=0\), so \(-3x^{2} + 12x + 7 = 0\), \(a = -3\), \(b=12\), \(c=7\)

$$ x = \frac{-12 \pm \sqrt{12^{2} - 4 \times (-3) \times 7}}{2 \times (-3)} $$

$$ x = \frac{-12 \pm \sqrt{144 + 84}}{-6} $$

$$ x = \frac{-12 \pm \sqrt{228}}{-6} $$

$$ \sqrt{228} \approx 15.1 $$

$$ x = \frac{-12 \pm 15.1}{-6} $$

For \(x = \frac{-12 + 15.1}{-6} = \frac{3.1}{-6} = -0.517\)

For \(x = \frac{-12 - 15.1}{-6} = \frac{-27.1}{-6} = 4.517\)

Answer: The profit is zero at \(x = -0.517\) (not valid) and \(x = 4.517\).

Example 3: A SACCO models its loan repayment schedule with the equation \(x^{2} - 4x - 21 = 0\). Find the repayment period \(x\) in months.

Given: \(a=1\), \(b=-4\), \(c=-21\)

$$ x = \frac{-(-4) \pm \sqrt{(-4)^{2} - 4 \times 1 \times (-21)}}{2 \times 1} $$

$$ x = \frac{4 \pm \sqrt{16 + 84}}{2} $$

$$ x = \frac{4 \pm \sqrt{100}}{2} $$

$$ x = \frac{4 \pm 10}{2} $$

For \(x = \frac{4 + 10}{2} = \frac{14}{2} = 7\)

For \(x = \frac{4 - 10}{2} = \frac{-6}{2} = -3\)

Answer: The repayment period is 7 months (negative value discarded).

2.2.2 Factorization

Factorization involves expressing the quadratic equation as a product of two binomials set to zero. This method works well when the quadratic can be factored into integer roots.

Worked Examples

Example 1: A university calculates the number of students in two batches with the equation \(x^{2} + 5x + 6 = 0\). Find the values of \(x\).

Given: \(x^{2} + 5x + 6 = 0\)

Factorize the quadratic:

$$ x^{2} + 5x + 6 = (x + 2)(x + 3) = 0 $$

Set each factor to zero:

$$ x + 2 = 0 \implies x = -2 $$

$$ x + 3 = 0 \implies x = -3 $$

Answer: The values of \(x\) are -2 and -3.

Example 2: A farm calculates the area of a plot with the equation \(x^{2} - x - 6 = 0\). Find the possible dimensions.

Given: \(x^{2} - x - 6 = 0\)

Factorize:

$$ x^{2} - x - 6 = (x - 3)(x + 2) = 0 $$

Set each factor to zero:

$$ x - 3 = 0 \implies x = 3 $$

$$ x + 2 = 0 \implies x = -2 $$

Answer: The possible dimensions are 3 m and -2 m (discard negative).

Example 3: A retail store analyses its sales with the equation \(2x^{2} - 8x = 0\). Find the values of \(x\).

Given: \(2x^{2} - 8x = 0\)

Factor out common terms:

$$ 2x(x - 4) = 0 $$

Set each factor to zero:

$$ 2x = 0 \implies x = 0 $$

$$ x - 4 = 0 \implies x = 4 $$

Answer: The values of \(x\) are 0 and 4.

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🔒2.3 Simultaneous equations

Simultaneous equations model multiple constraints or conditions in real-life Kenyan contexts such as budgeting at county government offices or resource distribution in cooperatives. These involve solving two or more equations with multiple variables simultaneo…

🔒2.4 Breakeven Analysis

Breakeven analysis is a fundamental financial tool used across Kenyan industries such as banks, retail businesses, farms, and county government offices to determine the point at which total costs equal total revenue, resulting in neither profit nor loss. This…

🔒2.5 Calculus

Calculus is a powerful mathematical tool used in diverse Kenyan sectors such as agriculture for growth rate analysis, healthcare for dosage optimization, and retail for cost minimization. It enables precise analysis of changing quantities through differentiati…

🔒2.6 Total revenue, total cost and profit equations formulation

In diverse Kenyan professional fields such as retail businesses, county government offices, hospitals, and agricultural cooperatives, understanding how to formulate and calculate total revenue, total cost, and profit is essential for effective financial manage…

Chapter Summary

This chapter focused on applying various mathematical techniques essential for solving engineering and business problems. It began with methods for solving quadratic equations, exploring both the formula method and factorization to find roots efficiently. The chapter then covered simultaneous equations, demonstrating how substitution, elimination, and matrix methods can be used to solve systems of linear equations. Breakeven analysis was introduced to determine the point where total costs equal total revenue, a critical concept in financial decision-making. The calculus section addressed fundamental operations, including differentiation to find rates of change and integration to calculate areas under curves. Finally, the chapter concluded with formulating total revenue, total cost, and profit equations, providing a framework for analysing business performance mathematically. These topics collectively equip students with practical tools for quantitative analysis in technical and economic contexts.

Self-Assessment

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Written Assessment

  1. A cooperative society sells bags of maize. The profit \(P\) (in Ksh) for selling \(x\) bags is given by the quadratic equation \(P = -5x^2 + 150x - 1000\). Find the number of bags \(x\) that will maximize the profit using the formula method. (3 marks)

  2. A county hospital needs to allocate staff shifts. The number of shifts \(x\) must satisfy the equation \(x^2 - 7x + 10 = 0\). Solve for \(x\) using factorization. (3 marks)

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Chapter Examination Questions

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SECTION A (40 Marks) - Answer ALL Questions

  1. A SACCO has a savings growth described by the quadratic equation \(2x^2 - 5x - 3 = 0\), where \(x\) represents years. Solve for \(x\) using the formula method. (4 marks)
  2. A county referral hospital reports patient satisfaction scores modeled by \(x^2 - 7x + 12 = 0\). Solve for \(x\) by factorization. (4 marks)
🔒18 more in this section.
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Am I competent?

At the start of this chapter we promised you would be able to:

  • determine linear equations correctly based on given objective functions
  • find quadratic equations accurately according to specific objective functions
  • formulate simultaneous equations correctly to solve related problems
  • compute break-even analysis accurately following your organization's goals
  • carry out differentiation and integration correctly according to the objectives
  • formulate total revenue, total cost, and profit equations accurately based on organizational needs

Tick each one you can genuinely do.

So, are you there yet?

You're competent when you can confidently do 50% or more of what this chapter promised.

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