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Quantitative Techniques Cat 1
Quantitative Techniques Cat 1
Quantitative Techniques Cat 1
INSTRUCTOR:
Set theory is a mathematical concept that deals with the grouping of numbers that have
something in common. For example, a set consists of all even numbers and a set consists of all
odd numbers. A set of numbers that can be divided by ten is made up of all numbers that finish
in zero. Using and comparing sets allows the development of ideas and rules with nearly
Accounting, management, operations, production, and sales are all examples of business
elements that can be organized into at least one set. There are more sets inside them. There are
operations. Sets can intersect in various instances, for as when sales operations intersect with the
Businesses could find ways to save money and enhance profit by understanding sets
theory, its laws, and operations like unions, complements, and intersections. Businesses may
create the best deal by identifying the things they need and the people who can offer them. This
allows them to save money. Businesses can utilize set theory (intersection) to find the smallest
set of suppliers for all of their required inputs by classifying the inputs as one set and the
suppliers as another.
Question 1b
Complement set
The complement of a set is the set that includes all the elements of the universal set that are not
present in the given set. Let's say A is a set of all coins which is a subset of a universal set that
contains all coins and notes, so the complement of set A is a set of notes (which do not include
coins)
Equality of Sets
Equality of sets is defined as set A is said to be equal to set B if both sets have the same elements
or members of the sets, i.e. if each element of set A also belongs to each element of set B, and
each element of set B also belongs to each element of set A. Mathematically it can be written as
A⊂B and B⊂A. In other words, two or more sets are said to be equal sets if they have the same
elements and the same number of elements. For example, set A = {1, 2, 3, 4, 5} and B = {1, 2, 3,
4, 5}. Then sets A and B are said to be equal sets as their elements are the same and they have
Equivalent set
To be equivalent, the sets should have the same cardinality. This means that there should be one
to one correspondence between elements of both the sets. Here, one to one correspondence
means that for each element in the set A, there exists an element in the set B till the sets get
exhausted. If P = {1, 3, 9, 5, −7} and Q = {5, −7, 3, 1, 9,}, then P = Q. It is also noted that no
matter how many times an element is repeated in the set, it is only counted once. Also, the order
doesn’t matter for the elements in a set. So, to rephrase in terms of cardinal number, we can say
Subset
A subset is a part of a given set (another set or the same set). The set notation to represent a set A
as a subset of set B is written as A ⊆ B. For example, A is the set of natural numbers, and B is
the set of all whole numbers, then A is a subset of B because all natural numbers are present in