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Welcome to Week 3 Tutorial 1 of the course "Mathematics for Data Science I" by Profs. Neelesh Upadhye, Madhavan Mukund. Full Course: https://study.iitm.ac.in/ds/course_pages/BSMA1001.html Video Overview In this tutorial we explore straight line concepts applied to a practical cost analysis problem. A company is comparing two types of equipment, A and B. We calculate their initial costs, annual depreciation, and buy back values. Then we determine which option is most cost effective for a user, Vijay, who needs the equipment for 12 years. This problem highlights the use of linear equations in real world economic decisions. About IIT Madras' online Bachelor of Science programme IIT Madras offers four-year BS programmes that aim to provide quality education to all, irrespective of age, educational background, or location. The BS programme has multiple levels, which provide flexibility to students to exit at any of these levels. Depending on the courses completed and credits earned, the learner can receive a Foundation Certificate from IITM CODE (Centre for Outreach and Digital Education), Diploma(s) from IIT Madras, or BSc/BS Degrees from IIT Madras. For more details, Visit: https://www.iitm.ac.in/academics/study-at-iitm/non-campus-bs-programmes #Mathematics #DataScience #MathForDataScience #straightlines #linearfunctions #equations #costanalysis #depreciation #worklife #investment #tutorial #economics #slope #y=mx+c #linearequations #company #AppliedMath #IITMadrasBS #OnlineLearning #MathBasics
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