Ten Lessons in Introductory Sociology
Ten Lessons in Introductory Sociology
2nd Edition
ISBN: 9780190663872
Author: Kenneth A. Gould; Tammy L. Lewis
Publisher: Oxford University Press Academic US
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Chapter 12, Problem 53SE

Drug for Asthma (Example 7) Eosinophils are a form of white blood cell that is often present in people suffering from allergies. People with asthma and high levels of eosinophils who used steroid inhalers were given either a new drug or a placebo. Read extracts from the abstract of this study that appear below, and then evaluate the study. See page 612 for questions and guidance.

"Methods: We enrolled patients with persistent, moderate-to-severe asthma and a blood eosinophil count of at least 300 cells per microliter ... who used medium-dose to high-dose inhaled glucocorticoids.... We administered dupilumab (300 mg) or placebo subcutaneously once weekly. The primary end point was the occurrence of an asthma exacerbation (worsening].

Results: A total of 52 patients were [randomly] assigned to the dupilumab group. and 52 patients were [randomly] assigned to the placebo group.... Three patients had an asthma exacerbation with dupilumab 6 % versus 23 with placebo 44 % , corresponding to an 87 % reduction with dupilumab (odds ratio, 0.08 ;   95 % confidence interval, 0.02  to  0.28 ;   P < 0.000 ).

Conclusions: In patients with persistent. moderate.co-severe asthma and elevated eosinophil levels who used inhaled glucocorticoids and LABAs, dupilumab therapy, as compared with placebo, was associated with fewer asthma exacerbations [worsenings]."

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Please solving problem2 Problem1 We consider a two-period binomial model with the following properties: each period lastsone (1) year and the current stock price is S0 = 4. On each period, the stock price doubleswhen it moves up and is reduced by half when it moves down. The annual interest rateon the money market is 25%. (This model is the same as in Prob. 1 of HW#2).We consider four options on this market:ˆ A European call option with maturity T = 2 years and strike price K = 5;ˆ A European put option with maturity T = 2 years and strike price K = 5;ˆ An American call option with maturity T = 2 years and strike price K = 5;ˆ An American put option with maturity T = 2 years and strike price K = 5.(a) Find the price at time 0 of both European options.(b) Find the price at time 0 of both American options. Compare your results with (a)and comment.(c) For each of the American options, describe the optimal exercising strategy.
Problem 1.We consider a two-period binomial model with the following properties: each period lastsone (1) year and the current stock price is S0 = 4. On each period, the stock price doubleswhen it moves up and is reduced by half when it moves down. The annual interest rateon the money market is 25%.  We consider four options on this market:ˆ A European call option with maturity T = 2 years and strike price K = 5;ˆ A European put option with maturity T = 2 years and strike price K = 5;ˆ An American call option with maturity T = 2 years and strike price K = 5;ˆ An American put option with maturity T = 2 years and strike price K = 5.(a) Find the price at time 0 of both European options.(b) Find the price at time 0 of both American options. Compare your results with (a)and comment.(c) For each of the American options, describe the optimal exercising strategy.(d) We assume that you sell the American put to a market participant A for the pricefound in (b). Explain how you act on the market…
What is the standard scores associated to the left of z is 0.1446

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Ten Lessons in Introductory Sociology

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