MATH IN OUR WORLD
4th Edition
ISBN: 9781266427183
Author: sobecki
Publisher: MCG
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Chapter 1.2, Problem 77E
To determine
Whether the developed world or developing world had more significant increase between 1998 and 2014 and explain the answer.
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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 1 Solutions
MATH IN OUR WORLD
Ch. 1.1 - Use inductive reasoning to find a pattern and make...Ch. 1.1 - Make a reasonable conjecture for the next figure...Ch. 1.1 - If two odd numbers are multiplied, is the result...Ch. 1.1 - Use inductive reasoning to decide if the following...Ch. 1.1 - Find a counterexample to disprove the conjecture...Ch. 1.1 - Given that there are 31 sections with 6 points,...Ch. 1.1 - Consider the following problem: think of any...Ch. 1.1 - Arrive at a conclusion by using inductive...Ch. 1.1 - There is no mail delivery on holidays. Tomorrow is...Ch. 1.1 - Everyone I know in my sorority got at least a 2.5...
Ch. 1.1 - Explain the difference between inductive and...Ch. 1.1 - What is meant by the term conjecture?Ch. 1.1 - Give an example of a decision you made based on...Ch. 1.1 - What is a counterexample? What are counterexamples...Ch. 1.1 - Explain why you can never be sure that a...Ch. 1.1 - Explain the difference between an arbitrary number...Ch. 1.1 - Prob. 7ECh. 1.1 - Prob. 8ECh. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - Prob. 17ECh. 1.1 - For Exercises 716, use inductive reasoning to find...Ch. 1.1 - For Exercises 1720, find a counterexample to show...Ch. 1.1 - For Exercises 1720, find a counterexample to show...Ch. 1.1 - For Exercises 1720, find a counterexample to show...Ch. 1.1 - For Exercises 1720, find a counterexample to show...Ch. 1.1 - For Exercises 2124, use inductive reasoning to...Ch. 1.1 - For Exercises 2124, use inductive reasoning to...Ch. 1.1 - For Exercises 2124, use inductive reasoning to...Ch. 1.1 - For Exercises 2124, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - Prob. 34ECh. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - For Exercises 2534, use inductive reasoning to...Ch. 1.1 - Use inductive reasoning to make a conjecture about...Ch. 1.1 - Use inductive reasoning to determine the unknown...Ch. 1.1 - In Exercises 3740, use inductive reasoning to find...Ch. 1.1 - In Exercises 3740, use inductive reasoning to find...Ch. 1.1 - In Exercises 3740, use inductive reasoning to find...Ch. 1.1 - In Exercises 3740, use inductive reasoning to find...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - Prob. 48ECh. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - In Exercises 4158, determine whether the type of...Ch. 1.1 - Do a Google search for the string studies texting...Ch. 1.1 - Just about everyone had a conversation like this...Ch. 1.1 - (a) Find a likely candidate for the next two...Ch. 1.1 - (a) Find a likely candidate for the next two...Ch. 1.1 - (a) In several of the problems in this section,...Ch. 1.1 - Refer to problem 63. (a) Write a string of three...Ch. 1.1 - Problems 65 and 66 use the formula average speed =...Ch. 1.1 - Problems 65 and 66 use the formula average speed =...Ch. 1.1 - The Cubs lost the first six games of the season....Ch. 1.1 - Prob. 68ECh. 1.1 - Prob. 69ECh. 1.1 - Prob. 70ECh. 1.1 - There were 104,000 people at the Ohio...Ch. 1.1 - All three high school math teachers I had were...Ch. 1.1 - The numbers 1, 3, 6, 10, 15, are called...Ch. 1.1 - Refer to Exercise 75. The formula for finding...Ch. 1.2 -
Try This One 1
Round each value as requested.
The...Ch. 1.2 - At one ballpark, large frosty beverages cost 7.25...Ch. 1.2 - Prob. 3TTOCh. 1.2 - Next up for the Osbueos: a bedroom remodel. They...Ch. 1.2 - Prob. 5TTOCh. 1.2 - Using the pie chart shown in Example 6, find the...Ch. 1.2 - Prob. 7TTOCh. 1.2 - Think of three situations in our world where you...Ch. 1.2 - Explain why an exact answer to a math problem isnt...Ch. 1.2 - How can estimation be used as a quick check to see...Ch. 1.2 - Describe the rules for rounding numbers to a given...Ch. 1.2 - Explain why there is never a single, correct...Ch. 1.2 - Explain how to estimate the size of a quantity...Ch. 1.2 - How is information described in a pie chart? What...Ch. 1.2 - How can you tell when a quantity is getting larger...Ch. 1.2 - Prob. 9ECh. 1.2 - Prob. 10ECh. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 928, round the number to the place...Ch. 1.2 - For Exercises 2932, estimate the result of the...Ch. 1.2 - For Exercises 2932, estimate the result of the...Ch. 1.2 - For Exercises 2932, estimate the result of the...Ch. 1.2 - For Exercises 2932, estimate the result of the...Ch. 1.2 - Prob. 35ECh. 1.2 - Estimate the cost of five months of HD cable at...Ch. 1.2 - Estimate the time it would take you to drive 237...Ch. 1.2 - Estimate the distance you can travel in 3 hours 25...Ch. 1.2 - Estimate the sale price of a futon you saw on eBay...Ch. 1.2 - Prob. 40ECh. 1.2 - Prob. 41ECh. 1.2 - Estimate the total cost of the following items for...Ch. 1.2 - A group of five architecture students enters a...Ch. 1.2 - A biology lab houses 47 rats for experiments, and...Ch. 1.2 - If Erin earns 48,300.00 per year, estimate how...Ch. 1.2 - If Jamaal earns 8.75 per hour, estimate how much...Ch. 1.2 - Prob. 47ECh. 1.2 - Prob. 48ECh. 1.2 - Prob. 49ECh. 1.2 - Estimate your cost to live in an apartment for 1...Ch. 1.2 - Prob. 51ECh. 1.2 - Prob. 52ECh. 1.2 -
Use the information shown in the bar graph for...Ch. 1.2 - Prob. 54ECh. 1.2 - Use the information shown in the graph for...Ch. 1.2 - Use the information shown in the graph for...Ch. 1.2 - Use the information shown in the graph for...Ch. 1.2 - Use the information shown in the graph for...Ch. 1.2 - Prob. 59ECh. 1.2 - Prob. 60ECh. 1.2 - Prob. 61ECh. 1.2 - Prob. 62ECh. 1.2 - Use the line graph shown for Exercises 6166. The...Ch. 1.2 - Use the line graph shown for Exercises 6166. The...Ch. 1.2 - Use the line graph shown for Exercises 6166. The...Ch. 1.2 - Use the line graph shown for Exercises 6166. The...Ch. 1.2 - Use the line graph shown for Exercises 6166. The...Ch. 1.2 - Use the line graph shown for Exercises 6166. The...Ch. 1.2 - Prob. 69ECh. 1.2 - Prob. 70ECh. 1.2 - Prob. 71ECh. 1.2 - Prob. 72ECh. 1.2 - Prob. 73ECh. 1.2 - Prob. 74ECh. 1.2 - Prob. 75ECh. 1.2 - Prob. 76ECh. 1.2 - Prob. 77ECh. 1.2 - Prob. 78ECh. 1.2 - In Jareds math class, he scored 84, 92, 79, and 86...Ch. 1.2 - Entering a postseason basketball tournament,...Ch. 1.2 - One of the most valuable uses of estimation is to...Ch. 1.2 - Refer to Problem 77. In getting my swimming pool...Ch. 1.2 - Sometimes graphs are drawn in such a way as to...Ch. 1.2 - Prob. 84ECh. 1.2 - Recall that the average speed of an object over...Ch. 1.2 - Prob. 86ECh. 1.2 - Prob. 87ECh. 1.2 - Prob. 88ECh. 1.2 - Prob. 89ECh. 1.2 - Prob. 90ECh. 1.3 -
Try This One 1
Suppose you want to cut a...Ch. 1.3 - A rectangular poster promoting the tailgate bash...Ch. 1.3 - Michelle shipped some packages for her boss and...Ch. 1.3 - A condo on the water in Myrtle Beach can be rented...Ch. 1.3 - Megans car gets 28 miles per gallon on long trips....Ch. 1.3 - A student teacher wants to divide his sixth grade...Ch. 1.3 - List and describe the four steps in problem...Ch. 1.3 - Discuss what you should do first when given a word...Ch. 1.3 - Discuss different ways you might be able to check...Ch. 1.3 - Prob. 4ECh. 1.3 -
5. Why is “application problem” a better name...Ch. 1.3 -
6. Think about a problem you’ve had to solve...Ch. 1.3 - One number is 6 more than another number, and...Ch. 1.3 - One number is 7 more than another number. Their...Ch. 1.3 - If 24 is added to a number, it will be 3 times as...Ch. 1.3 - If the smaller of two numbers is one-half of the...Ch. 1.3 - The sum of the digits of a two-digit number is 7....Ch. 1.3 - If the sum of the digits of a two-digit number is...Ch. 1.3 - When the mortgage is completely paid off for Mark...Ch. 1.3 - Hoang has worked as a nurse at Springfield General...Ch. 1.3 - Prob. 15ECh. 1.3 - Prob. 16ECh. 1.3 - Arrange the digits 1, 2, and 3 to form two numbers...Ch. 1.3 - Nine athletes from a co-ed track team stop for...Ch. 1.3 - Prob. 19ECh. 1.3 - Prob. 20ECh. 1.3 - A fraternity charged 2.00 admission for dudes and...Ch. 1.3 - While reviewing the previous days arrest report, a...Ch. 1.3 - Prob. 23ECh. 1.3 - Prob. 24ECh. 1.3 - Prob. 25ECh. 1.3 - Suzie hangs 10 pictures that each measure 812...Ch. 1.3 - Prob. 27ECh. 1.3 - Prob. 28ECh. 1.3 - Prob. 29ECh. 1.3 - A standard tube of silicone caulk will make a 3/16...Ch. 1.3 - Prob. 31ECh. 1.3 - Prob. 32ECh. 1.3 - Prob. 33ECh. 1.3 - Prob. 34ECh. 1.3 - Kams monthly budget includes 256 for food. 125 for...Ch. 1.3 - Prob. 36ECh. 1.3 - Prob. 37ECh. 1.3 - Prob. 38ECh. 1.3 - Prob. 39ECh. 1.3 - Prob. 40ECh. 1.3 - Prob. 41ECh. 1.3 - Prob. 42ECh. 1.3 - A clerk earns 9.50 per hour and is paid time and a...Ch. 1.3 - A cell phone company charges 35 cents per minute...Ch. 1.3 - Last week at Chilis, my wife and I played a game...Ch. 1.3 - Last week at Chilis, my wife and I played a game...Ch. 1.3 - Prob. 47ECh. 1.3 - Prob. 48ECh. 1.3 - Prob. 49ECh. 1.3 - Prob. 50ECh. 1.3 - Prob. 51ECh. 1.3 - How many total triangles are in this figure?Ch. 1.3 - Prob. 53ECh. 1.3 - Prob. 54ECh. 1.3 - Almost everyone thinks at first that the next two...Ch. 1.3 - Prob. 56ECh. 1.3 - Prob. 57ECh. 1.3 - Prob. 58ECh. 1 - For Exercises 14, make reasonable conjectures for...Ch. 1 - For Exercises 14, make reasonable conjectures for...Ch. 1 - For Exercises 14, make reasonable conjectures for...Ch. 1 - For Exercises 14, make reasonable conjectures for...Ch. 1 - For Exercises 5 and 6, make a reasonable...Ch. 1 - For Exercises 5 and 6, make a reasonable...Ch. 1 - For Exercises 7 and 8, find a counterexample to...Ch. 1 - For Exercises 7 and 8, find a counterexample to...Ch. 1 - Prob. 9RECh. 1 - For Exercises 9 and 10, use inductive reasoning to...Ch. 1 - In Exercises 11 and 12, use inductive reasoning to...Ch. 1 - In Exercises 11 and 12, use inductive reasoning to...Ch. 1 - Prob. 13RECh. 1 - Prob. 14RECh. 1 - Prob. 15RECh. 1 - Prob. 16RECh. 1 - Prob. 17RECh. 1 - Prob. 18RECh. 1 - Prob. 19RECh. 1 - Prob. 20RECh. 1 - For Exercises 1923, round each number to the place...Ch. 1 - For Exercises 1923, round each number to the place...Ch. 1 - Prob. 23RECh. 1 - Estimate the cost of four lawn mowers if each one...Ch. 1 - Estimate the cost of five textbooks if they cost...Ch. 1 - According to the trip computer on my car, I...Ch. 1 - Prob. 27RECh. 1 - Prob. 28RECh. 1 - Prob. 29RECh. 1 - The following pie chart was published in USA Today...Ch. 1 - Prob. 31RECh. 1 - The following pie chart was published in USA Today...Ch. 1 - Prob. 33RECh. 1 - Prob. 34RECh. 1 - Prob. 35RECh. 1 - Prob. 36RECh. 1 - Prob. 37RECh. 1 - Prob. 38RECh. 1 - Prob. 39RECh. 1 - A tennis team played 40 matches. The team won 20...Ch. 1 - Prob. 41RECh. 1 - Prob. 42RECh. 1 - Prob. 43RECh. 1 - Prob. 44RECh. 1 - Prob. 45RECh. 1 - Prob. 46RECh. 1 - Prob. 47RECh. 1 - Prob. 48RECh. 1 - Prob. 49RECh. 1 - Prob. 50RECh. 1 - Prob. 51RECh. 1 - Prob. 52RECh. 1 - Prob. 53RECh. 1 - Prob. 54RECh. 1 - Prob. 55RECh. 1 - Prob. 56RECh. 1 - Prob. 1PTCh. 1 - Prob. 2PTCh. 1 - Prob. 3PTCh. 1 - Prob. 4PTCh. 1 - Use inductive reasoning to find a rule that...Ch. 1 - Prob. 6PTCh. 1 - An eccentric business owner decides to give...Ch. 1 - Prob. 8PTCh. 1 - Prob. 9PTCh. 1 - Prob. 10PTCh. 1 - Prob. 11PTCh. 1 - A number divided by 3 less than itself gives a...Ch. 1 - Prob. 13PTCh. 1 - Add five lines to the square to make three squares...Ch. 1 - Prob. 15PTCh. 1 - Prob. 16PTCh. 1 - Prob. 17PTCh. 1 - Prob. 18PTCh. 1 - Prob. 19PTCh. 1 - Prob. 20PTCh. 1 - Prob. 21PTCh. 1 - Prob. 22PTCh. 1 - Prob. 23PTCh. 1 - Prob. 24PTCh. 1 - Prob. 25PTCh. 1 - Prob. 26PTCh. 1 - Prob. 27PT
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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: A European call option with maturity T = 2 years and strike price K = 5; A European put option with maturity T = 2 years and strike price K = 5; An American call option with maturity T = 2 years and strike price K = 5; 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.arrow_forwardPlease ensure that all parts of the question are answered thoroughly and clearly. Include a diagram to help explain answers. Make sure the explanation is easy to follow. Would appreciate work done written on paper. Thank you.arrow_forwardThis question builds on an earlier problem. The randomized numbers may have changed, but have your work for the previous problem available to help with this one. A 4-centimeter rod is attached at one end to a point A rotating counterclockwise on a wheel of radius 2 cm. The other end B is free to move back and forth along a horizontal bar that goes through the center of the wheel. At time t=0 the rod is situated as in the diagram at the left below. The wheel rotates counterclockwise at 1.5 rev/sec. At some point, the rod will be tangent to the circle as shown in the third picture. A B A B at some instant, the piston will be tangent to the circle (a) Express the x and y coordinates of point A as functions of t: x= 2 cos(3πt) and y= 2 sin(3t) (b) Write a formula for the slope of the tangent line to the circle at the point A at time t seconds: -cot(3πt) sin(3лt) (c) Express the x-coordinate of the right end of the rod at point B as a function of t: 2 cos(3πt) +411- 4 -2 sin (3лt) (d)…arrow_forward
- 5. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.5.AE.003. y y= ex² 0 Video Example x EXAMPLE 3 (a) Use the Midpoint Rule with n = 10 to approximate the integral कर L'ex² dx. (b) Give an upper bound for the error involved in this approximation. SOLUTION 8+2 1 L'ex² d (a) Since a = 0, b = 1, and n = 10, the Midpoint Rule gives the following. (Round your answer to six decimal places.) dx Ax[f(0.05) + f(0.15) + ... + f(0.85) + f(0.95)] 0.1 [0.0025 +0.0225 + + e0.0625 + 0.1225 e0.3025 + e0.4225 + e0.2025 + + e0.5625 €0.7225 +0.9025] The figure illustrates this approximation. (b) Since f(x) = ex², we have f'(x) = 0 ≤ f'(x) = < 6e. ASK YOUR TEACHER and f'(x) = Also, since 0 ≤ x ≤ 1 we have x² ≤ and so Taking K = 6e, a = 0, b = 1, and n = 10 in the error estimate, we see that an upper bound for the error is as follows. (Round your final answer to five decimal places.) 6e(1)3 e 24( = ≈arrow_forward1. Consider the following preference ballots: Number of voters Rankings 6 5 4 2 1st choice A DCB DC 2nd choice B B D 3rd choice DCBD 4th choice CA AAA For each of the four voting systems we have studied, determine who would win the election in each case. (Remember: For plurality with runoff, all but the top two vote-getters are simultaneously eliminated at the end of round 1.)arrow_forwardPractice k Help ises A 96 Anewer The probability that you get a sum of at least 10 is Determine the number of ways that the specified event can occur when two number cubes are rolled. 1. Getting a sum of 9 or 10 3. Getting a sum less than 5 2. Getting a sum of 6 or 7 4. Getting a sum that is odd Tell whether you would use the addition principle or the multiplication principle to determine the total number of possible outcomes for the situation described. 5. Rolling three number cubes 6. Getting a sum of 10 or 12 after rolling three number cubes A set of playing cards contains four groups of cards designated by color (black, red, yellow, and green) with cards numbered from 1 to 14 in each group. Determine the number of ways that the specified event can occur when a card is drawn from the set. 7. Drawing a 13 or 14 9. Drawing a number less than 4 8. Drawing a yellow or green card 10. Drawing a black, red, or green car The spinner is divided into equal parts. Find the specified…arrow_forward
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Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY
Optimization Problems in Calculus; Author: Professor Dave Explains;https://www.youtube.com/watch?v=q1U6AmIa_uQ;License: Standard YouTube License, CC-BY
Introduction to Optimization; Author: Math with Dr. Claire;https://www.youtube.com/watch?v=YLzgYm2tN8E;License: Standard YouTube License, CC-BY