Mathematics with Applications In the Management, Natural and Social Sciences (11th Edition)
11th Edition
ISBN: 9780321931078
Author: Margaret L. Lial, Thomas W. Hungerford, John P. Holcomb, Bernadette Mullins
Publisher: PEARSON
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Chapter 12.3, Problem 3CP
To determine
To calculate: The absolute extrema of
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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.
Please 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.
This 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)…
Chapter 12 Solutions
Mathematics with Applications In the Management, Natural and Social Sciences (11th Edition)
Ch. 12.1 - Checkpoint 1
For what values of x is the function...Ch. 12.1 - Checkpoint 2
Find all intervals on which is...Ch. 12.1 - Checkpoint 3
Identity the x-values of all points...Ch. 12.1 - Checkpoint 4
Find the critical numbers for each of...Ch. 12.1 - Prob. 5CPCh. 12.1 - Prob. 6CPCh. 12.1 - Prob. 7CPCh. 12.1 - Prob. 8CPCh. 12.1 - Checkpoint 9
If a sales function is given by...Ch. 12.1 - Prob. 1E
Ch. 12.1 - Prob. 2ECh. 12.1 - Prob. 3ECh. 12.1 - Prob. 4ECh. 12.1 - Prob. 5ECh. 12.1 - Prob. 6ECh. 12.1 - Prob. 7ECh. 12.1 - Prob. 8ECh. 12.1 - Prob. 9ECh. 12.1 - Prob. 10ECh. 12.1 - Prob. 11ECh. 12.1 - Find the intervals on which each function is...Ch. 12.1 - Find the intervals on which each function is...Ch. 12.1 - Find the intervals on which each function is...Ch. 12.1 - Prob. 15ECh. 12.1 - Prob. 16ECh. 12.1 - Prob. 17ECh. 12.1 - Prob. 18ECh. 12.1 - Prob. 19ECh. 12.1 - Prob. 20ECh. 12.1 - Prob. 21ECh. 12.1 - Determine the location of each local extremum of...Ch. 12.1 - Prob. 23ECh. 12.1 - Prob. 24ECh. 12.1 - Prob. 25ECh. 12.1 - Prob. 26ECh. 12.1 - Determine the location of each local extremum of...Ch. 12.1 - Determine the location of each local extremum of...Ch. 12.1 - In Exercises 29–40, use the first-derivative test...Ch. 12.1 - In Exercises 29–40, use the first-derivative test...Ch. 12.1 - In Exercises 29–40, use the first-derivative test...Ch. 12.1 - In Exercises 29–40, use the first-derivative test...Ch. 12.1 - In Exercises 29–40, use the first-derivative test...Ch. 12.1 - In Exercises 29–40, use the first-derivative test...Ch. 12.1 - In Exercises 29–40, use the first-derivative test...Ch. 12.1 - Prob. 36ECh. 12.1 - Prob. 37ECh. 12.1 - Prob. 38ECh. 12.1 - Prob. 39ECh. 12.1 - Prob. 40ECh. 12.1 - Use the maximum/minimum finder on a graphing...Ch. 12.1 - Prob. 42ECh. 12.1 - Prob. 43ECh. 12.1 - Prob. 44ECh. 12.1 - Prob. 45ECh. 12.1 - 46. Business Operating profits (in billions of...Ch. 12.1 - Prob. 47ECh. 12.1 - Prob. 48ECh. 12.1 - Prob. 49ECh. 12.1 - Prob. 50ECh. 12.1 - 51. Physical Science A Boston Red Sox pitcher...Ch. 12.1 - 52. Business Revenue (in billions of dollars) from...Ch. 12.1 - 53. Social Science According to projections by the...Ch. 12.1 - 54. Business The number of full-time employees (in...Ch. 12.1 - Work these exercises. You may need to use the...Ch. 12.1 - 56. Business The number of common stock holders...Ch. 12.1 - 57. Natural Science The microbe concentration...Ch. 12.1 - Prob. 58ECh. 12.1 - Prob. 59ECh. 12.1 - Prob. 60ECh. 12.1 - Prob. 61ECh. 12.1 - Prob. 62ECh. 12.1 - Prob. 63ECh. 12.1 - Prob. 64ECh. 12.1 - 65. Social Science A group of researchers found...Ch. 12.1 - Prob. 66ECh. 12.1 - Prob. 67ECh. 12.1 - Prob. 68ECh. 12.1 - Prob. 69ECh. 12.1 - Prob. 70ECh. 12.2 - Prob. 1CPCh. 12.2 - Prob. 2CPCh. 12.2 - Prob. 3CPCh. 12.2 - Prob. 4CPCh. 12.2 - Prob. 5CPCh. 12.2 - Prob. 6CPCh. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - For each of these functions, find and (See...Ch. 12.2 - In Exercises 19 and 20, P(t) is the price of a...Ch. 12.2 - In Exercise 19 and 20, is the price of a certain...Ch. 12.2 - Physical Science Each of the functions in...Ch. 12.2 - Physical Science Each of the functions in...Ch. 12.2 - Prob. 23ECh. 12.2 - Prob. 24ECh. 12.2 - Prob. 25ECh. 12.2 - Prob. 26ECh. 12.2 - Find the largest open intervals on which each...Ch. 12.2 - Prob. 28ECh. 12.2 - Find the largest open intervals on which each...Ch. 12.2 - Find the largest open intervals on which each...Ch. 12.2 - Find the largest open intervals on which each...Ch. 12.2 - Find the largest open intervals on which each...Ch. 12.2 - Business In Exercises 33–36, find the point of...Ch. 12.2 - Business In Exercises 33–36, find the point of...Ch. 12.2 - Business In Exercises 33–36, find the point of...Ch. 12.2 - Business In Exercises 33–36, find the point of...Ch. 12.2 - Find all critical numbers of the functions in...Ch. 12.2 - Find all critical numbers of the functions in...Ch. 12.2 - Find all critical numbers of the functions in...Ch. 12.2 - Prob. 40ECh. 12.2 - Prob. 41ECh. 12.2 - Prob. 42ECh. 12.2 - Prob. 43ECh. 12.2 - Prob. 44ECh. 12.2 - Prob. 45ECh. 12.2 - Find all critical numbers of the functions in...Ch. 12.2 - Prob. 47ECh. 12.2 - Prob. 48ECh. 12.2 - Prob. 49ECh. 12.2 - Prob. 50ECh. 12.2 - Prob. 51ECh. 12.2 - Prob. 52ECh. 12.2 - Prob. 53ECh. 12.2 - Prob. 54ECh. 12.2 - Prob. 55ECh. 12.2 - Prob. 56ECh. 12.2 - Prob. 57ECh. 12.2 - Prob. 58ECh. 12.2 - Prob. 59ECh. 12.2 - Prob. 60ECh. 12.2 - Prob. 61ECh. 12.2 - Prob. 62ECh. 12.2 - Prob. 63ECh. 12.2 - 64. Business The price of Starbucks Corporation...Ch. 12.2 - 65. Social Science The population of Wyoming (in...Ch. 12.2 - Prob. 66ECh. 12.2 - Prob. 67ECh. 12.2 - Prob. 68ECh. 12.2 - Prob. 69ECh. 12.3 - Checkpoint 1
Find the location of the absolute...Ch. 12.3 - Prob. 2CPCh. 12.3 - Prob. 3CPCh. 12.3 - Prob. 4CPCh. 12.3 - Prob. 5CPCh. 12.3 - Checkpoint 6
In Example 9, suppose annual demand...Ch. 12.3 - Find the location of the absolute maximum and...Ch. 12.3 - Find the location of the absolute maximum and...Ch. 12.3 - Find the location of the absolute maximum and...Ch. 12.3 - Find the location of the absolute maximum and...Ch. 12.3 - Find the location of the absolute maximum and...Ch. 12.3 - Find the location of the absolute maximum and...Ch. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Prob. 11ECh. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Find the absolute extrema of each function on the...Ch. 12.3 - Prob. 16ECh. 12.3 - Prob. 17ECh. 12.3 - Prob. 18ECh. 12.3 - Prob. 19ECh. 12.3 - If possible, find an absolute extremum of each...Ch. 12.3 - If possible, find an absolute extremum of each...Ch. 12.3 - If possible, find an absolute extremum of each...Ch. 12.3 - If possible, find an absolute extremum of each...Ch. 12.3 - Prob. 24ECh. 12.3 - Work these problems. (See Example 5.)
25. Business...Ch. 12.3 - Work these problems. (See Example 5.)
26. Business...Ch. 12.3 - 27. Business The number of employees of...Ch. 12.3 - 28. Social Science The number of people in...Ch. 12.3 - 29. Business Revenue generated by admissions to...Ch. 12.3 - 30. Health The number of heart transplants can be...Ch. 12.3 - 31. Business A manufacturer produces gas grills...Ch. 12.3 - 32. Business Saltwater taffy can be sold wholesale...Ch. 12.3 - 33. Natural Science A lake polluted by bacteria is...Ch. 12.3 - 34. Social Science The number of people in...Ch. 12.3 - 35. Health A disease has hit College Station,...Ch. 12.3 - Prob. 36ECh. 12.3 - Prob. 37ECh. 12.3 - Prob. 38ECh. 12.3 - Prob. 39ECh. 12.3 - Prob. 40ECh. 12.3 - Prob. 41ECh. 12.3 - 42. Business A cylindrical can of volume 58 cubic...Ch. 12.3 - Prob. 43ECh. 12.3 - Prob. 44ECh. 12.3 - Prob. 45ECh. 12.3 - 46. Business A rectangular field is to be enclosed...Ch. 12.3 - 47. Business A mathematics book is to contain 36...Ch. 12.3 - Prob. 48ECh. 12.3 - 49. Business If the price charged for a candy bar...Ch. 12.3 - 50. Business A company makes plastic buckets for...Ch. 12.3 - 51. Business We can use the function
to model the...Ch. 12.3 - 52. Business A rock-and-roll band travels from...Ch. 12.3 - 53. Natural Science Homing pigeons avoid flying...Ch. 12.3 - 54. Business A company wishes to run a utility...Ch. 12.3 - Prob. 55ECh. 12.3 - Prob. 56ECh. 12.3 - Prob. 57ECh. 12.3 - Prob. 58ECh. 12.3 - Prob. 59ECh. 12.3 - 60. Business A restaurant has an annual demand for...Ch. 12.3 - 61. Business Choose the correct answer:* The...Ch. 12.4 - Checkpoint 1
Find for
Ch. 12.4 - Prob. 2CPCh. 12.4 - Prob. 3CPCh. 12.4 - Prob. 4CPCh. 12.4 - Prob. 5CPCh. 12.4 - Prob. 6CPCh. 12.4 - Checkpoint 7
Suppose the sales function in Example...Ch. 12.4 - Prob. 1ECh. 12.4 - Prob. 2ECh. 12.4 - Find by implicit differentiation. (See Examples...Ch. 12.4 - Find by implicit differentiation. (See Examples...Ch. 12.4 - Prob. 5ECh. 12.4 - Prob. 6ECh. 12.4 - Prob. 7ECh. 12.4 - Prob. 8ECh. 12.4 - Prob. 9ECh. 12.4 - Prob. 10ECh. 12.4 - Prob. 11ECh. 12.4 - Find by implicit differentiation. (See Examples...Ch. 12.4 - Prob. 13ECh. 12.4 - Prob. 14ECh. 12.4 - Prob. 15ECh. 12.4 - Find by implicit differentiation. (See Examples...Ch. 12.4 - Prob. 17ECh. 12.4 - Prob. 18ECh. 12.4 - Prob. 19ECh. 12.4 - Find at the given point. (See Example 5.)
20.
Ch. 12.4 - Find at the given point. (See Example 5.)
21.
Ch. 12.4 - Prob. 22ECh. 12.4 - Prob. 23ECh. 12.4 - Find at the given point. (See Example 5.)
23.
Ch. 12.4 - Prob. 25ECh. 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 - Find the equation of the tangent line to the curve...Ch. 12.4 - Prob. 34ECh. 12.4 - Prob. 35ECh. 12.4 - Prob. 36ECh. 12.4 - Prob. 37ECh. 12.4 - Prob. 38ECh. 12.4 - Prob. 39ECh. 12.4 - Prob. 40ECh. 12.4 - 41. Business A night club has approximated the...Ch. 12.4 - 42. Business The demand to download a hit single...Ch. 12.4 - Prob. 43ECh. 12.4 - 44. Business For the equation given in the...Ch. 12.4 - 45. Business For PepsiCo, Inc., the relationship...Ch. 12.4 - Prob. 46ECh. 12.4 - Prob. 47ECh. 12.4 - 48. Business At a certain online printing service,...Ch. 12.5 - Checkpoint 1
Given that R3 = 25n4, find when n =...Ch. 12.5 - Prob. 2CPCh. 12.5 - Prob. 3CPCh. 12.5 - Prob. 4CPCh. 12.5 - Prob. 5CPCh. 12.5 - Prob. 6CPCh. 12.5 - Prob. 7CPCh. 12.5 - Given that x and y are functions of time, find the...Ch. 12.5 - Given that x and y are functions of time, find the...Ch. 12.5 - Given that x and y are functions of time, find the...Ch. 12.5 - Given that x and y are functions of time, find the...Ch. 12.5 - Prob. 5ECh. 12.5 - Prob. 6ECh. 12.5 - Prob. 7ECh. 12.5 - Prob. 8ECh. 12.5 - Prob. 9ECh. 12.5 - Given that x and y are functions of time, find the...Ch. 12.5 - Work these exercises. (See Examples 1, 3, and...Ch. 12.5 - Work these exercises. (See Examples 1, 3, and...Ch. 12.5 - Work these exercises. (See Examples 1, 3, and...Ch. 12.5 - Work these exercises. (See Examples 1, 3, and...Ch. 12.5 - Work these exercises. (See Examples 1, 3, and...Ch. 12.5 - Work these exercises. (See Examples 1, 3, and...Ch. 12.5 - Prob. 17ECh. 12.5 - Prob. 18ECh. 12.5 - Prob. 19ECh. 12.5 - Work these exercises. (See Examples 1, 3, and...Ch. 12.5 - 21. Business An architectural firm must decide on...Ch. 12.5 - 22. Social Science During a six-game hitless slump...Ch. 12.5 - Work these exercises. (See Example...Ch. 12.5 - Work these exercises. (See Example...Ch. 12.5 - Work these exercises. (See Example...Ch. 12.5 - Work these exercises. (See Example...Ch. 12.5 - Work these exercises.
27. Business The campus...Ch. 12.5 - Work these exercises.
28. Business Following a...Ch. 12.5 - 29. Business During a local political race, the...Ch. 12.5 - Prob. 30ECh. 12.5 - Prob. 31ECh. 12.5 - Prob. 32ECh. 12.6 - Prob. 1CPCh. 12.6 - Prob. 2CPCh. 12.6 - Prob. 3CPCh. 12.6 - Prob. 4CPCh. 12.6 - Prob. 1ECh. 12.6 - Sketch the graph of the function. Identify any...Ch. 12.6 - Prob. 3ECh. 12.6 - Prob. 4ECh. 12.6 - Sketch the graph of the function. Identify any...Ch. 12.6 - Prob. 6ECh. 12.6 - Sketch the graph of the function. Identify any...Ch. 12.6 - Prob. 8ECh. 12.6 - Prob. 9ECh. 12.6 - Prob. 10ECh. 12.6 - Prob. 11ECh. 12.6 - Sketch the graph of the function. Identify any...Ch. 12.6 - Prob. 13ECh. 12.6 - Prob. 14ECh. 12.6 - Prob. 15ECh. 12.6 - Prob. 16ECh. 12.6 - Prob. 17ECh. 12.6 - Sketch the graph of the function. Identify any...Ch. 12.6 - Prob. 19ECh. 12.6 - Prob. 20ECh. 12.6 - Prob. 21ECh. 12.6 - Prob. 22ECh. 12.6 - Prob. 23ECh. 12.6 - In Exercises 23–28, sketch the graph of a function...Ch. 12.6 - Prob. 25ECh. 12.6 - In Exercises 23–28, sketch the graph of a function...Ch. 12.6 - In Exercises 23–28, sketch the graph of a function...Ch. 12.6 - In Exercises 23–28, sketch the graph of a function...Ch. 12.6 - 29. Business The accompanying figure shows the...Ch. 12.6 - 30. Refer to the graph in Exercise 29. Which...Ch. 12.6 - 31. Business The revenue function (in millions of...Ch. 12.6 - 32. Business The cost function (in millions of...Ch. 12.6 - 33. Social Science The percent of the population...Ch. 12.6 - 34. Health The percent of female graduates in...Ch. 12.6 - Use a graphing calculator or computer to find the...Ch. 12.6 - Use a graphing calculator or computer to find the...Ch. 12.6 - Use a graphing calculator or computer to find the...Ch. 12.6 - Use a graphing calculator or computer to find the...Ch. 12.6 - 39. Business The revenue (in billions of dollars)...Ch. 12.6 - 40. Business The revenue (in billions of dollars)...Ch. 12.6 - Use a graphing calculator or computer to find the...Ch. 12.6 - Prob. 42ECh. 12.6 - Prob. 43ECh. 12.6 - Prob. 44ECh. 12 - Prob. 1CECh. 12 - Prob. 2CECh. 12 - Prob. 3CECh. 12 - Prob. 4CECh. 12 - Prob. 5CECh. 12 - 6. What is the optimum time interval between...Ch. 12 - A pharmaceutical company is planning to gradually...Ch. 12 - Prob. 1RECh. 12 - Prob. 2RECh. 12 - Prob. 3RECh. 12 - Prob. 4RECh. 12 - Prob. 5RECh. 12 - Prob. 6RECh. 12 - Prob. 7RECh. 12 - Prob. 8RECh. 12 - Prob. 9RECh. 12 - Prob. 10RECh. 12 - Prob. 11RECh. 12 - Prob. 12RECh. 12 - Prob. 13RECh. 12 - Prob. 14RECh. 12 - Prob. 15RECh. 12 - Prob. 16RECh. 12 - Prob. 17RECh. 12 - Prob. 18RECh. 12 - Prob. 19RECh. 12 - Prob. 20RECh. 12 - Prob. 21RECh. 12 - Prob. 22RECh. 12 - Prob. 23RECh. 12 - Prob. 24RECh. 12 - Prob. 25RECh. 12 - Prob. 26RECh. 12 - Prob. 27RECh. 12 - Prob. 28RECh. 12 - Prob. 29RECh. 12 - Prob. 30RECh. 12 - Prob. 31RECh. 12 - Prob. 32RECh. 12 - Prob. 33RECh. 12 - Prob. 34RECh. 12 - Prob. 35RECh. 12 - Prob. 36RECh. 12 - Prob. 37RECh. 12 - Prob. 38RECh. 12 - Prob. 39RECh. 12 - Prob. 40RECh. 12 - Prob. 41RECh. 12 - Prob. 42RECh. 12 - Prob. 43RECh. 12 - Prob. 44RECh. 12 - Prob. 45RECh. 12 - Prob. 46RECh. 12 - Prob. 47RECh. 12 - Prob. 48RECh. 12 - Prob. 49RECh. 12 - Prob. 50RECh. 12 - Prob. 51RECh. 12 - Prob. 52RECh. 12 - Prob. 53RECh. 12 - Prob. 54RECh. 12 - Prob. 55RECh. 12 - Prob. 56RECh. 12 - Prob. 57RECh. 12 - Prob. 58RECh. 12 - 59. Business A landscaper needs to design an...Ch. 12 - Prob. 60RECh. 12 - Prob. 61RECh. 12 - Prob. 62RECh. 12 - Prob. 63RECh. 12 - 64. Business How many phones need to be produced...Ch. 12 - Prob. 65RECh. 12 - Prob. 66RECh. 12 - Prob. 67RECh. 12 - Prob. 68RECh. 12 - Prob. 69RECh. 12 - Prob. 70RECh. 12 - Prob. 71RECh. 12 - Prob. 72RECh. 12 - Prob. 73RECh. 12 - 74. Social Science A baseball player hits the ball...
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- 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
- 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: 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.(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…arrow_forwardWhat is the standard scores associated to the left of z is 0.1446arrow_forward2. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.5.015. Use the Trapezoidal Rule, the Midpoint Rule, and Simpson's Rule to approximate the given integral with the specified value of n. (Round your answers to six decimal places.) ASK YOUR TEACHER 3 1 3 + dy, n = 6 (a) the Trapezoidal Rule (b) the Midpoint Rule (c) Simpson's Rule Need Help? Read It Watch Itarrow_forward
- This 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. 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(3πt) (b) Write a formula for the slope of the tangent line to the circle at the point A at time t seconds: -cot (3πt) (c) Express the x-coordinate of the right end of the rod at point B as a function of t: 2 cos(3πt) +41/1 (d) Express the slope of the rod…arrow_forwardConsider the proof below: Proposition: If m is an even integer, then 5m +4 is an even integer. Proof: We see that |5m+4=10n+4 = 2(5n+2). Therefore, 5m+4 is an even integer. **Note: you may assume the proof is valid, just poorly written. Based upon the Section 1.3 screencast and the reading assignment, select all writing guidelines that are missing in the proof. Proof begins by stating assumptions ✓ Proof has an invitational tone/uses collective pronouns Proof is written in complete sentences Each step is justified ☐ Proof has a clear conclusionarrow_forwardNote: The purpose of this problem below is to use computational techniques (Excelspreadsheet, Matlab, R, Python, etc.) and code the dynamic programming ideas seen inclass. Please provide the numerical answer to the questions as well as a sample of yourwork (spreadsheet, code file, etc.).We consider an N-period binomial model with the following properties: N = 60, thecurrent stock price is S0 = 1000; on each period, the stock price increases by 0.5% whenit moves up and decreases by 0.3% when it moves down. The annual interest rate on themoney market is 5%. (Notice that this model is a CRR model, which means that thebinomial tree is recombining.)(a) Find the price at time t0 = 0 of a (European) call option with strike price K = 1040and maturity T = 1 year.(b) Find the price at time t0 = 0 of a (European) put option with strike price K = 1040and maturity T = 1 year.(c) We consider now, that you are at time t5 (i.e. after 5 periods, which represents 1month later). Assume that the stock…arrow_forward
- 4. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.5.024. Find the approximations Tη, Mn, and S, to the integral computer algebra system.) ASK YOUR TEACHER PRACTICE ANOTHER 4 39 √ dx for n = 6 and 12. Then compute the corresponding errors ET, EM, and Es. (Round your answers to six decimal places. You may wish to use the sum command on a n Tn Mn Sp 6 12 n ET EM Es 6 12 What observations can you make? In particular, what happens to the errors when n is doubled? As n is doubled, ET and EM are decreased by a factor of about Need Help? Read It ' and Es is decreased by a factor of aboutarrow_forward6. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.5.001. ASK YOUR TEACHER PRACTICE ANOTHER Let I = 4 f(x) dx, where f is the function whose graph is shown. = √ ² F(x 12 4 y f 1 2 (a) Use the graph to find L2, R2 and M2. 42 = R₂ = M₂ = 1 x 3 4arrow_forwardThe general solution X'=Ax is given. Discuss the nature of the solutions in a neighborhood of (0,0) -2-2 (²) |a) A = (23) X(A) = (₁ (fi)e* + (2 (2) eht -2-5arrow_forward
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