A facility with signed numbers forms the basis for effective problem solving throughout developmental mathematics. Most developmental mathematics textbooks explain signed number operations using absolute value, a method that involves considering the problem in several cases (same sign, opposite sign), and in the case of subtraction, rewriting the…

In this article, we examine the use of a new binary integer programming (BIP) model to detect arbitrage opportunities in currency exchanges. This model showcases an excellent application of mathematics to the real world. The concepts involved are easily accessible to undergraduate students with basic knowledge in Operations Research. Through this…

The method of proof by mathematical induction follows from Peano axiom 5. We give three properties which are often used in the proofs by mathematical induction. We show that these are equivalent. Supposing the well-ordering property we prove the validity of this method without using Peano axiom 5. Finally, we introduce the simplest form of…