DISCRETE MATHEMATICS LOOSELEAF
8th Edition
ISBN: 9781264309689
Author: ROSEN
Publisher: MCG
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Chapter 12, Problem 6WP
Explain howdependency notationcan be used to describe complicated switching circuits.
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4. Assume that a risk-free money market account is added to the market described in Q3.
The continuously compounded rate of return on the money market account is log (1.1).
(i) For each given μ, use Lagrange multipliers to determine the proportions (as a
function of μ) of wealth invested in the three assets available for the minimum
variance portfolio with expected return μ.
(ii) Determine the market portfolio in this market and calculate its Sharp ratio.
3. A market consists of two risky assets with rates of return R₁ and R2 and no risk-free
asset. From market data the following have been estimated: ER₁ = 0.25, ER2 = 0.05,
Var R₁ = 0.01, Var R2 = 0.04 and the correlation between R1 and R2 is p = -0.75.
(i) Given that an investor is targeting a total expected return of μ = 0.2. What
portfolio weights should they choose to meet this goal with minimum portfolio
variance? Correct all your calculations up to 4 decimal points.
(ii) Determine the global minimum-variance portfolio and the expected return and
variance of return of this portfolio (4 d.p.).
(iii) Sketch the minimum-variance frontier in the μ-σ² plane and indicate the efficient
frontier.
(iv) Without further calculation, explain how the minimum variance of the investor's
portfolio return will change if the two risky assets were independent.
2. A landlord is about to write a rental contract for a tenant which lasts T months. The
landlord first decides the length T > 0 (need not be an integer) of the contract, the
tenant then signs it and pays an initial handling fee of £100 before moving in. The
landlord collects the total amount of rent erT at the end of the contract at a continuously
compounded rate r> 0, but the contract stipulates that the tenant may leave before T,
in which case the landlord only collects the total rent up until the tenant's departure
time 7. Assume that 7 is exponentially distributed with rate > 0, λ‡r.
(i) Calculate the expected total payment EW the landlord will receive in terms of T.
(ii) Assume that the landlord has logarithmic utility U(w) = log(w - 100) and decides
that the rental rate r should depend on the contract length T by
r(T)
=
λ
√T
1
For each given λ, what T (as a function of X) should the landlord choose so as to
maximise their expected utility? Justify your answer.
Hint. It might be…
Chapter 12 Solutions
DISCRETE MATHEMATICS LOOSELEAF
Ch. 12.1 - Prob. 1ECh. 12.1 - Find the values, if any, of the Boolean...Ch. 12.1 - a) Show that(1.1)+(0.1+0)=1 . b) Translate the...Ch. 12.1 - a) Show that(10)+(10)=1 . b) Translate the...Ch. 12.1 - Use a table to express the values of each of these...Ch. 12.1 - Use a table to express the values of each of these...Ch. 12.1 - Use a 3-cubeQ3to represent each of the Boolean...Ch. 12.1 - Use a 3-cubeQ3to represent each of the Boolean...Ch. 12.1 - What values of the Boolean...Ch. 12.1 - How many different Boolean functions are there of...
Ch. 12.1 - Prove the absorption lawx+xy=x using the other...Ch. 12.1 - Show thatF(x,y,z)=xy+xz+yz has the value 1 if and...Ch. 12.1 - Show thatxy+yz+xz=xy+yz+xz .Ch. 12.1 - 3Exercises 14-23 deal the Boolean algebra {0, 1}...Ch. 12.1 - Exercises 14-23 deal with the Boolean algebra {0,...Ch. 12.1 - Prob. 16ECh. 12.1 - Exercises 14-23 deal with the Boolean algebra {0,...Ch. 12.1 - Prob. 18ECh. 12.1 - Prob. 19ECh. 12.1 - Prob. 20ECh. 12.1 - Prob. 21ECh. 12.1 - Prob. 22ECh. 12.1 - Exercises 4-3 deal with the Boolean algebra {0, 1}...Ch. 12.1 - Prob. 24ECh. 12.1 - Prob. 25ECh. 12.1 - Prob. 26ECh. 12.1 - Prove or disprove these equalities. a)x(yz)=(xy)z...Ch. 12.1 - Find the duals of these Boolean expressions. a)x+y...Ch. 12.1 - Prob. 29ECh. 12.1 - Show that ifFandGare Boolean functions represented...Ch. 12.1 - How many different Boolean functionsF(x,y,z) are...Ch. 12.1 - How many different Boolean functionsF(x,y,z) are...Ch. 12.1 - Show that you obtain De Morgan’s laws for...Ch. 12.1 - Show that you obtain the ab,sorption laws for...Ch. 12.1 - In Exercises 35-42, use the laws in Definition 1...Ch. 12.1 - In Exercises 35-42, use the laws in Definition to...Ch. 12.1 - Prob. 37ECh. 12.1 - Prob. 38ECh. 12.1 - In Exercises 35-42, use the laws in Definition 1...Ch. 12.1 - Prob. 40ECh. 12.1 - Prob. 41ECh. 12.1 - Prob. 42ECh. 12.1 - Prob. 43ECh. 12.2 - Find a Boolean product of the Boolean...Ch. 12.2 - Find the sum of products expansions of these...Ch. 12.2 - Find the sum-of-products expansions of these...Ch. 12.2 - Find the sum-of-products expansions of the Boolean...Ch. 12.2 - Find the sum-of -products expansion of the Boolean...Ch. 12.2 - Find the sum-of-products expansion of the Boolean...Ch. 12.2 - Another way to find a Boolean expression that...Ch. 12.2 - Prob. 8ECh. 12.2 - Prob. 9ECh. 12.2 - Another way to find a Boolean expression that...Ch. 12.2 - Prob. 11ECh. 12.2 - Express each of these Boolean functions using the...Ch. 12.2 - Express each of the Boolean functions in...Ch. 12.2 - Show that a)x=xx . b)xy=(xy)(xy) . c)x+y=(xx)(yy)...Ch. 12.2 - Prob. 15ECh. 12.2 - Show that{} is functionally complete using...Ch. 12.2 - Express each of the Boolean functions in Exercise...Ch. 12.2 - Express each of the Boolean functions in Exercise...Ch. 12.2 - Show that the set of operators{+,} is not...Ch. 12.2 - Are these sets of operators functionally complete?...Ch. 12.3 - In Exercises 1—5 find the output of the given...Ch. 12.3 - In Exercises 1—5 find the output of the given...Ch. 12.3 - In Exercises 1—5 find the output of the given...Ch. 12.3 - In Exercises 1—5 find the output of the given...Ch. 12.3 - In Exercises 1—5 find the output of the given...Ch. 12.3 - Construct circuits from inverters, AND gates, and...Ch. 12.3 - Design a circuit that implements majority voting...Ch. 12.3 - Design a circuit for a light fixture controlled by...Ch. 12.3 - Show how the sum of two five-bit integers can be...Ch. 12.3 - Construct a circuit for a half subtractor using...Ch. 12.3 - Construct a circuit for a full subtractor using...Ch. 12.3 - Use the circuits from Exercises 10 and 11 to find...Ch. 12.3 - Construct a circuit that compares the two-bit...Ch. 12.3 - Construct a circuit that computes the product of...Ch. 12.3 - Use NAND gates to construct circuits with these...Ch. 12.3 - Use NOR gates to construct circuits for the...Ch. 12.3 - Construct a half adder using NAND gates.Ch. 12.3 - Construct a half adder using NOR gates.Ch. 12.3 - Construct a multiplexer using AND gates, OR gates,...Ch. 12.3 - Find the depth of a) the circuit constructed in...Ch. 12.4 - Prob. 1ECh. 12.4 - Find the sum-of-products expansions represented by...Ch. 12.4 - Draw the K-maps of these sum-of-products...Ch. 12.4 - Use a K-map to find a minimal expansion as a...Ch. 12.4 - a) Draw a K-map for a function in three variables....Ch. 12.4 - Use K-maps to find simpler circuits with the same...Ch. 12.4 - Prob. 7ECh. 12.4 - Prob. 8ECh. 12.4 - Construct a K-map for F(x,y,z) =xz + yz+y z. Use...Ch. 12.4 - Draw the 3-cube Q3 and label each vertex with the...Ch. 12.4 - Prob. 11ECh. 12.4 - Use a K-map to find a minimal expansion as a...Ch. 12.4 - a) Draw a K-map for a function in four variables....Ch. 12.4 - Use a K-map to find a minimal expansion as a...Ch. 12.4 - Find the cells in a K-map for Boolean functions...Ch. 12.4 - How many cells in a K-map for Boolean functions...Ch. 12.4 - a) How many cells does a K-map in six variables...Ch. 12.4 - Show that cells in a K-map for Boolean functions...Ch. 12.4 - Which rows and which columns of a 4 x 16 map for...Ch. 12.4 - Prob. 20ECh. 12.4 - Prob. 21ECh. 12.4 - Use the Quine-McCluskey method to simplify the...Ch. 12.4 - Use the Quine—McCluskey method to simp1i’ the...Ch. 12.4 - Prob. 24ECh. 12.4 - Use the Quine—McCluskey method to simplify the...Ch. 12.4 - Prob. 26ECh. 12.4 - Prob. 27ECh. 12.4 - Prob. 28ECh. 12.4 - Prob. 29ECh. 12.4 - Prob. 30ECh. 12.4 - Prob. 31ECh. 12.4 - Prob. 32ECh. 12.4 - show that products of k literals correspond to...Ch. 12 - Define a Boolean function of degreen.Ch. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Prob. 4RQCh. 12 - Prob. 5RQCh. 12 - Prob. 6RQCh. 12 - Explain how to build a circuit for a light...Ch. 12 - Prob. 8RQCh. 12 - Is there a single type of logic gate that can be...Ch. 12 - a) Explain how K-maps can be used to simplify...Ch. 12 - a) Explain how K-maps can be used to simplify...Ch. 12 - a) What is a don’t care condition? b) Explain how...Ch. 12 - a) Explain how to use the Quine-McCluskev method...Ch. 12 - Prob. 1SECh. 12 - Prob. 2SECh. 12 - Prob. 3SECh. 12 - Prob. 4SECh. 12 - Prob. 5SECh. 12 - Prob. 6SECh. 12 - Prob. 7SECh. 12 - Prob. 8SECh. 12 - Prob. 9SECh. 12 - Prob. 10SECh. 12 - Prob. 11SECh. 12 - Prob. 12SECh. 12 - Prob. 13SECh. 12 - Prob. 14SECh. 12 - Prob. 15SECh. 12 - Prob. 16SECh. 12 - How many of the 16 Boolean functions in two...Ch. 12 - Prob. 18SECh. 12 - Prob. 19SECh. 12 - Design a circuit that determines whether three or...Ch. 12 - Prob. 21SECh. 12 - A Boolean function that can be represented by a...Ch. 12 - Prob. 23SECh. 12 - Prob. 24SECh. 12 - Given the values of two Boolean variablesxandy,...Ch. 12 - Prob. 2CPCh. 12 - Prob. 3CPCh. 12 - Prob. 4CPCh. 12 - Prob. 5CPCh. 12 - Prob. 6CPCh. 12 - Prob. 7CPCh. 12 - Prob. 8CPCh. 12 - Prob. 9CPCh. 12 - Given the table of values of a Boolean function,...Ch. 12 - Prob. 11CPCh. 12 - Prob. 12CPCh. 12 - Prob. 1CAECh. 12 - Prob. 2CAECh. 12 - Prob. 3CAECh. 12 - Prob. 4CAECh. 12 - Prob. 5CAECh. 12 - Prob. 6CAECh. 12 - Prob. 7CAECh. 12 - Describe some of the early machines devised to...Ch. 12 - Explain the difference between combinational...Ch. 12 - Prob. 3WPCh. 12 - Prob. 4WPCh. 12 - Find out how logic gates are physically...Ch. 12 - Explain howdependency notationcan be used to...Ch. 12 - Describe how multiplexers are used to build...Ch. 12 - Explain the advantages of using threshold gates to...Ch. 12 - Describe the concept ofhazard-free switching...Ch. 12 - Explain how to use K-maps to minimize functions of...Ch. 12 - Prob. 11WPCh. 12 - Describe what is meant by the functional...
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