(a) To find: A long-range prediction of the percent of males in the various income groups.

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Answer 1

Question

Chapter 11.5, Problem 11E

To determine

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

To determine

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

To determine

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

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8. An elementary single period market model has a risky asset with price So = 20 at the beginning and a money market account with interest rate r = 0.04 compounded only once at the end of the investment period. = = In market model A, S₁ 10 with 15% probability and S₁ 21 with 85% probability. In market model B, S₁ = 25 with 10% probability and S₁ = 30 with 90% probability. For each market model A, B, determine if the model is arbitrage-free. If not, construct an arbitrage. Total [9 Marks]

b) Solve the following linear program using the 2-phase simplex algorithm. You should give the initial tableau, and each further tableau produced during the execution of the algorithm. If the program has an optimal solution, give this solution and state its objective value. If it does not have an optimal solution, say why. maximize ₁ - 2x2+x34x4 subject to 2x1+x22x3x41, 5x1 + x2-x3-×4 ≤ −1, 2x1+x2-x3-34 2, 1, 2, 3, 40.

Suppose we have a linear program in standard equation form maximize cTx subject to Ax = b. x ≥ 0. and suppose u, v, and w are all optimal solutions to this linear program. (a) Prove that zu+v+w is an optimal solution. (b) If you try to adapt your proof from part (a) to prove that that u+v+w is an optimal solution, say exactly which part(s) of the proof go wrong. (c) If you try to adapt your proof from part (a) to prove that u+v-w is an optimal solution, say exactly which part(s) of the proof go wrong.

Answer 2

Question

Chapter 11.5, Problem 11E

To determine

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

To determine

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

To determine

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 11.5, Problem 11E

To determine

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

To determine

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

To determine

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 11.5, Problem 11E

To determine

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

To determine

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

To determine

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 11.5, Problem 11E

To determine

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

To determine

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

To determine

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

Answer 6

Chapter 11.5, Problem 11E

To determine

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

Answer 7

Chapter 11.5, Problem 11E

To determine

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

Answer 8

To determine

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

Answer 9

To determine

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

Answer 10

To determine

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

Answer 11

To determine

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 11.0A - In Exercises 1-10, a find the dimensions of the...Ch. 11.0A - Prob. 2E Ch. 11.0A - Prob. 3E Ch. 11.0A - Prob. 4E Ch. 11.0A - Prob. 5E Ch. 11.0A - Prob. 6E Ch. 11.0A - Prob. 7E Ch. 11.0A - Prob. 8E Ch. 11.0A - Prob. 9E Ch. 11.0A - In Exercises 1-10, a find the dimensions of the...

(a) To find: A long-range prediction of the percent of males in the various income groups.

Solution Summary: The author explains how to find the equilibrium matrix L for more than two unknowns.

Concept explainers

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(a)

To find:

A long-range prediction of the percent of males in the various income groups.

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.

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Chapter 11 Solutions

(a) To find: A long-range prediction of the percent of males in the various income groups.

Solution Summary: The author explains how to find the equilibrium matrix L for more than two unknowns.

Concept explainers

Videos

(a) To find: A long-range prediction of the percent of males in the various income groups.

(b) To explain: The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

(c) To describe: The assumptions are made in the prediction of percentages of males in the income group.

Want to see the full answer?

Chapter 11 Solutions

(a)

To find:

A long-range prediction of the percent of males in the various income groups.

(b)

To explain:

The statement “The predictions in part (a) are not 10%, 40%, 40%, and 10%”.

(c)

To describe:

The assumptions are made in the prediction of percentages of males in the income group.