Suppose that your current wealth is $3000 and you have logarithmic utility. You are offered an investment that costs $750 today. The investment willeither pay off $1500 with probability p, or nothing with probability 1 – p.(a) Should I invest if p = 0.5?(b) What is the minimum value of p that would induce me to invest? Please round your answer to two decimal places.p =(c) Now suppose that I have power utility with a>1. Will your answer to (b) increase or decrease?

thank you for asking this question.. solution:: Given information is suitable for likelihood .The…

Answered: Suppose that your current wealth is…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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5) ARTSY PHARTZY Mr. Phartzy is an avid art collector. He knows the price of art fluctuates greatly over time and has an art appraiser he consults about the projected value of his paintings. He just bought two paintings, a portrait and a landscape. The art appraiser says the projected value of both paintings will follow the model of an exponential function of the form f ( x ) = a cx, where x: time elapsed since the purchase, in years f(x): the value of the portrait painting, in dollars g(x): the value of the landscape painting, in dollars The portrait is projected to be worth $151 165.44 in 3 years and $259 071 in 10 years. The landscape painting, which was bought for $300 000 is projected to lose $12 000 in value in the first year. Mr. Phartzy sells his paintings when they are projected to be of equal value. Will Mr. Phartzy make a profit or suffer a loss
This problem has two parts. Part 1: In 2033, a virus begins in Memphis and spreads in such that the number N of people infected grows exponentially with time t. The table below shows how many days it takes from initial outbreak to have various numbers of cases. N= # of cases # of days 2 million 127 3 million 155 1 million t 79 How many days until the Memphis virus infects five million people? How many days until there are ten million people infected by the Memphis virus?
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2A.13 Please refer to the attached image for my question. Please show ALL your work. Thank you!
(Question 1.) Suppose you open an account at Amos Bank on January 1, 2022. Interest is compounded yearly and t years later your account will have A (t) = 300(1.012)' dollars. %3D d.) Suppose A(m) = 320. Explain what m means in this context and approximate m up to 2 decimals by graphing.
a. 4x + 3 = 210 b. 7x - 1 = 3 c. log(8x -15) - log3 = log(2x + 1) If Karen makes an initial deposit of $200000 into a fund, which offers and annual interest rate of 6%, compounded quarterly. What would be her account balance in 10 years time? If the supply of a commodity is given by p= 35 + 4 In(2q + 1), where p is the unit price and q is the number of units supplied. Determine how many units will be supplied at a unit price of $54.80?
A colony of bacteria grows exponentially. The colony begins with 3 bacteria, and after 3 hours has grown to 100 bacteria. 1. Give a formula for the number of bacteria as a function of time. [Be careful here, a table may help you determine the appropriate formula.] 2. How long does it take the colony to double its original size? Show your work. 3. When will there be 450 bacteria? Show your work.
7. Use the given points and curve to identify the equation for the EXPONENTIAL function graphed below. a. f(x) = ? b. Find the Domain and Range 4 - 3 - 2 - -5 -4 -3 -2 -1 1 3 4 5 -1 -2 -3 -4
2. The slope of a beach is influenced by the local tides, wind and wave patterns, and the size of the sand particles on the beach. In general, as the diameter in millimetres, d, of the average size of the particles on the beach increases, the slope of the beach, s, increases according to the formula s(d) = 0.159 +0.1181 log d. If the slope of a particular beach is 0.005 (about a 1-m vertical climb for every 200 m in the horizontal direction), algebraically determine the average diameter (in millimetres) of a grain of sand on the beach. Round your answer to 4 decimal places.

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