Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 1
Mathematical Logic
Quick summary
Mathematical logic studies statements that are either true or false and how they combine using logical connectives. This chapter covers statements and truth values, logical connectives and truth tables, quantifiers, statement patterns, tautology/contradiction/contingency, duality, negation, algebra of statements and Venn diagrams.
Key points
A statement is a declarative sentence that is either true (T) or false (F), not both. Questions, orders, exclamations and opinions are not statements.
Connectives: conjunction p ∧ q (and), disjunction p ∨ q (or), negation ~p (not), conditional p → q (if…then), biconditional p ↔ q (if and only if).
p ∧ q is true only when both are true; p ∨ q is false only when both are false; p → q is false only when p is T and q is F; p ↔ q is true when both have the same truth value.
Quantifiers: "for all" (∀, universal) and "there exists" (∃, existential).
Tautology: always true (e.g., p ∨ ~p). Contradiction: always false (e.g., p ∧ ~p). Contingency: neither.
Dual: interchange ∧ and ∨, and T and F.
Converse of p → q is q → p; inverse is ~p → ~q; contrapositive is ~q → ~p (logically equivalent to p → q).
Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 2
Matrices
Quick summary
A matrix is a rectangular arrangement of numbers in rows and columns. This chapter covers types of matrices, algebra of matrices (addition, scalar multiplication, multiplication), transpose, properties, elementary transformations, inverse of a matrix (adjoint method and elementary transformations) and solving linear equations using matrices.
Key points
Theory of matrices was developed by Arthur Cayley. An m × n matrix has m rows and n columns.
Addition is possible only for matrices of the same order. AB is defined if columns of A = rows of B.
Matrix multiplication is generally not commutative (AB ≠ BA), but is associative and distributive.
Transpose properties: (Aᵀ)ᵀ = A, (A + B)ᵀ = Aᵀ + Bᵀ, (AB)ᵀ = BᵀAᵀ.
Elementary transformations: interchange of rows/columns, multiplying a row/column by a non-zero number, adding a multiple of one row/column to another.
Inverse exists only for a non-singular square matrix: A⁻¹ = adj(A)/|A|.
Solving AX = B: X = A⁻¹B (method of inversion) or by reduction.
Important terms
Order – number of rows × number of columns.
Cofactor Aij = (−1)^(i+j) × Mij, where Mij is the minor.
Adjoint – transpose of the cofactor matrix.
Identity matrix I – diagonal entries 1, others 0; AI = IA = A.
Formulas
A⁻¹ = (1/|A|) × adj(A), |A| ≠ 0
For A = [a b; c d]: A⁻¹ = (1/(ad − bc)) × [d −b; −c a]
AA⁻¹ = A⁻¹A = I; (AB)⁻¹ = B⁻¹A⁻¹
Every square matrix = symmetric part + skew-symmetric part: A = ½(A + Aᵀ) + ½(A − Aᵀ)
5 important questions
Q1. If A = [1 2; 3 4] and B = [2 0; 1 3], find AB.
Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 3
Differentiation
Quick summary
This chapter extends differentiation learnt in Class 11 to new types of functions: composite functions (chain rule), inverse functions, logarithmic functions (logarithmic differentiation), implicit functions, parametric functions, and second-order derivatives.
Key points
Chain rule (composite function): if y = f(u) and u = g(x), then dy/dx = (dy/du) × (du/dx).
Inverse function: if y = f(x) and x = f⁻¹(y), then dx/dy = 1 ÷ (dy/dx), provided dy/dx ≠ 0.
Logarithmic differentiation: take log on both sides before differentiating — useful for y = [f(x)]^g(x) and for products/quotients of many factors.
Implicit function: x and y are mixed, e.g., x² + y² = 25. Differentiate each term w.r.t. x, treating y as a function of x, and solve for dy/dx.
Parametric function: x = f(t), y = g(t). Then dy/dx = (dy/dt) ÷ (dx/dt).
Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 4
Applications of Derivatives
Quick summary
Derivatives measure the rate of change. This chapter uses them to find the slope of tangents, to decide whether a function is increasing or decreasing, to find maximum and minimum values, and to solve economics problems involving cost, revenue, profit and elasticity of demand.
Key points
f'(a) = slope of the tangent to the curve y = f(x) at x = a.
f is increasing where f'(x) > 0 and decreasing where f'(x) < 0.
Maxima/minima: solve f'(x) = 0 to get critical points. If f''(x) < 0 there → maximum; if f''(x) > 0 → minimum (second derivative test).
Economics: total cost C, average cost CA = C/x, marginal cost CM = dC/dx; revenue R = P × D, average revenue RA = R/D = P, marginal revenue RM = dR/dD; profit π = R − C.
Profit is maximum where dπ/dx = 0 and d²π/dx² < 0 (i.e., MR = MC).
Elasticity of demand: η = −(P/D) × (dD/dP). If η = 0 demand is perfectly inelastic; η < 1 inelastic; η = 1 unitary; η > 1 elastic.
Relation: RM = RA (1 − 1/η).
Important terms
Critical point – where f'(x) = 0.
Marginal cost – extra cost of producing one more unit.
Marginal revenue – extra revenue from selling one more unit.
Elasticity of demand – responsiveness of demand to price.
Formulas
Slope of tangent = f'(a)
CA = C/x; CM = dC/dx
R = P × D; RA = P; RM = dR/dD
π = R − C
η = −(P/D)(dD/dP)
RM = RA(1 − 1/η)
5 important questions
Q1. Find the intervals in which f(x) = x² − 4x + 3 is increasing or decreasing.
f'(x) = 2x − 4. f'(x) > 0 when x > 2 (increasing); f'(x) < 0 when x < 2 (decreasing).
Q2. Find the maximum and minimum values of f(x) = 2x³ − 21x² + 36x − 20.
Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 5
Integration
Quick summary
Integration is the reverse process of differentiation. If d/dx [f(x)] = g(x), then f(x) is an integral (antiderivative) of g(x). This chapter covers standard integrals, integration by substitution, some special integrals, integration by parts and integration by partial fractions.
Key points
∫ g(x) dx = f(x) + c, where c is the constant of integration.
Integration by parts: ∫ u v dx = u ∫ v dx − ∫ [u' ∫ v dx] dx. Choose u by the LIATE order (Logarithmic, Inverse, Algebraic, Trigonometric, Exponential).
Partial fractions: break a proper rational function into simpler fractions, e.g., 1/((x − a)(x − b)) = A/(x − a) + B/(x − b).
Important terms
Integrand – the function being integrated.
Antiderivative / primitive – a function whose derivative is the integrand.
Proper rational function – degree of numerator less than degree of denominator.
Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 6
Definite Integration
Quick summary
A definite integral gives a number, not a function. If φ'(x) = f(x), then the definite integral of f(x) from a to b is φ(b) − φ(a). This chapter explains how to evaluate definite integrals, the fundamental theorem of integral calculus and the properties of definite integrals that make evaluation easier.
Key points
∫[a to b] f(x) dx = [φ(x)] from a to b = φ(b) − φ(a). No constant c is needed.
a = lower limit, b = upper limit.
With substitution, change the limits as well.
Properties:
P1: ∫[a to b] f(x) dx = ∫[a to b] f(t) dt (variable does not matter).
P2: ∫[a to b] f(x) dx = −∫[b to a] f(x) dx; ∫[a to a] f(x) dx = 0.
P3: ∫[a to b] f(x) dx = ∫[a to c] f(x) dx + ∫[c to b] f(x) dx, where a < c < b.
P4: ∫[a to b] f(x) dx = ∫[a to b] f(a + b − x) dx.
P5: ∫[0 to a] f(x) dx = ∫[0 to a] f(a − x) dx.
P6: ∫[−a to a] f(x) dx = 2∫[0 to a] f(x) dx if f is even; = 0 if f is odd.
P4/P5 are very useful when adding the original and new integrals gives a simple integrand.
Important terms
Even function – f(−x) = f(x), e.g., x².
Odd function – f(−x) = −f(x), e.g., x³.
Limits of integration – the values a and b.
Formulas
∫[a to b] xⁿ dx = (bⁿ⁺¹ − aⁿ⁺¹)/(n + 1)
∫[a to b] (1/x) dx = log b − log a = log(b/a)
∫[a to b] eˣ dx = eᵇ − eᵃ
5 important questions
Q1. Evaluate ∫[1 to 3] x² dx.
[x³/3] from 1 to 3 = 27/3 − 1/3 = 26/3.
Q2. Evaluate ∫[0 to 1] (2x + 3) dx.
[x² + 3x] from 0 to 1 = 1 + 3 − 0 = 4.
Q3. Evaluate ∫[−2 to 2] x³ dx.
x³ is odd, so the integral = 0.
Q4. Evaluate ∫[1 to e] (1/x) dx.
[log x] from 1 to e = log e − log 1 = 1 − 0 = 1.
Q5. Evaluate ∫[0 to 3] √x/(√x + √(3 − x)) dx.
Let I be the integral. By P5, I = ∫[0 to 3] √(3 − x)/(√(3 − x) + √x) dx. Adding, 2I = ∫[0 to 3] 1 dx = 3, so I = 3/2.
Exam tip
Learn property P5 well — 'add the two forms' questions are asked almost every year.
Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 7
Application of Definite Integration
Quick summary
Definite integration can be used to find the area of a region bounded by curves and lines. This chapter shows how to find the area under a curve between two ordinates (x = a, x = b), the area bounded by a curve and the y-axis, and areas related to standard curves like the parabola and the ellipse.
Key points
Area bounded by y = f(x), the X-axis and the lines x = a, x = b is A = ∫[a to b] y dx (when the curve is above the X-axis).
If the curve is below the X-axis, the integral is negative; take its absolute value for area.
Area bounded by x = g(y), the Y-axis and the lines y = c, y = d is A = ∫[c to d] x dy.
Area between two curves y = f(x) and y = g(x) from x = a to x = b, with f(x) ≥ g(x): A = ∫[a to b] [f(x) − g(x)] dx.
Always draw a rough sketch first to see which part is above and where the curves meet (solve the equations together to get limits).
Class 12 Commerce (HSC Board) · Mathematics and Statistics (Commerce) Part 1 · Chapter 8
Differential Equation and Applications
Quick summary
A differential equation is an equation that contains derivatives of a dependent variable. This chapter covers order and degree, solution and formation of differential equations, methods of solving (variables separable, homogeneous and linear equations), and applications such as population growth and growth of bacteria.
Key points
Ordinary differential equation: dependent variable depends on only one independent variable.
Order: order of the highest derivative present. Degree: power of the highest-order derivative after removing radicals and fractions.
General solution has as many arbitrary constants as the order; a particular solution is obtained by giving values to the constants.
Formation: differentiate the given equation as many times as the number of arbitrary constants and eliminate them.
Variables separable: write as f(y) dy = g(x) dx and integrate both sides.
Homogeneous equation: dy/dx = f(y/x); put y = vx, so dy/dx = v + x dv/dx, then separate variables.
Linear equation: dy/dx + Py = Q (P, Q functions of x). Integrating factor I.F. = e^(∫P dx). Solution: y × (I.F.) = ∫ Q × (I.F.) dx + c.
Applications: if a quantity grows (or decays) at a rate proportional to its present amount, dx/dt = kx, which gives x = a e^(kt). Used for population growth, bacteria growth, compound interest.
Important terms
Arbitrary constant – constant that can take any value in the general solution.
Integrating factor – factor that makes a linear equation exactly integrable.
Constant of proportionality (k) – growth rate constant.
Formulas
I.F. = e^(∫P dx)
y(I.F.) = ∫ Q(I.F.) dx + c
dP/dt = kP ⇒ P = a e^(kt), where a = initial value (at t = 0)
e^(log x) = x
5 important questions
Q1. Find the order and degree of (d²y/dx²)³ + (dy/dx)⁴ + y = 0.
Highest derivative is d²y/dx², so order = 2; its power is 3, so degree = 3.
Q2. Solve dy/dx = x/y.
y dy = x dx. Integrating: y²/2 = x²/2 + c, i.e., y² − x² = 2c (or y² − x² = C).