300

Behavior of deformable body systems under various external loadings is presented. Analysis of stress, deformation, strain, failure, fatigue, and creep are included. Mathematical, graphical, and energy methods are utilized.

Economic analysis for choice among alternatives; present worth analysis, annual worth, rate of return and benefit-cost ratio analysis; effects of depreciation, sources of funds, inflation and income tax; analysis of decision under risk and uncertainty. Discussion of unemployment rate and inflation, financial markets, as well as the use of monetary and fiscal policies to regulate the economy.

Basic probability and statistical procedures used in the analysis of engineering data. Methods for displaying data, commonly used probability distributions for discrete and continuous random variables, and statistical tools such as simple linear regression are presented. Students are introduced to concepts of statistical experimental design.