Quantitative Literacy (Loose Leaf) with Connect Math Hosted by ALEKS Access Card
1st Edition
ISBN: 9781259934117
Author: David Sobecki Professor, Brian A. Mercer
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 12.4, Problem 8TTO
To determine
To assign: The teaching assistants to the professor using Huntington-Hill method.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
9. An elementary single period market model contains a risk-free asset with interest rate
r = 5% and a risky asset S which has price 30 at time t = 0 and will have either price
10 or 60 at time t = 1. Find a replicating strategy for a contingent claim with payoff
h(S₁) = max(20 - S₁, 0) + max(S₁ — 50, 0).
Total [8 Marks]
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.
Chapter 12 Solutions
Quantitative Literacy (Loose Leaf) with Connect Math Hosted by ALEKS Access Card
Ch. 12.1 - The Student Activities Committee at Camden College...Ch. 12.1 - An election was held for the chairperson of the...Ch. 12.1 - Prob. 3TTOCh. 12.1 - Prob. 4TTOCh. 12.1 - Prob. 1ECh. 12.1 - Prob. 2ECh. 12.1 - Prob. 3ECh. 12.1 - Explain the head-to head comparison criterion.Ch. 12.1 - 5. What is a fairness criterion for an election?
Ch. 12.1 - Prob. 6E
Ch. 12.1 - Prob. 7ECh. 12.1 - Prob. 8ECh. 12.1 - Prob. 9ECh. 12.1 - Prob. 10ECh. 12.1 - Prob. 11ECh. 12.1 - Prob. 12ECh. 12.1 - Prob. 13ECh. 12.1 - Prob. 14ECh. 12.1 - Prob. 15ECh. 12.1 - For Exercises 15–18, rewrite the preference table...Ch. 12.1 - Prob. 17ECh. 12.1 - Prob. 18ECh. 12.1 - Using the election results given in Exercise 9,...Ch. 12.1 - 20. Using the election results given in Exercise...Ch. 12.1 - Prob. 21ECh. 12.1 - Prob. 22ECh. 12.1 - Using the Internet as a resource, look up the...Ch. 12.1 - Suppose that an election has seven candidates, and...Ch. 12.1 - Prob. 25ECh. 12.1 - Prob. 26ECh. 12.1 - Prob. 27ECh. 12.1 - Prob. 28ECh. 12.1 - Prob. 29ECh. 12.1 - Prob. 30ECh. 12.1 - Prob. 31ECh. 12.1 - Prob. 32ECh. 12.2 - Prob. 1TTOCh. 12.2 - Prob. 2TTOCh. 12.2 - Prob. 3TTOCh. 12.2 - If the one voter who listed softball last in the...Ch. 12.2 - Prob. 1ECh. 12.2 - Prob. 2ECh. 12.2 - Prob. 3ECh. 12.2 - Prob. 4ECh. 12.2 - Prob. 5ECh. 12.2 - Can a candidate that gets the least first-place...Ch. 12.2 - A gaming club holds a vote to decide what type of...Ch. 12.2 - The McKees Point Yacht Club Board of Directors...Ch. 12.2 - Prob. 9ECh. 12.2 - A local police union is holding an election for a...Ch. 12.2 - Students at a college were asked to rank three...Ch. 12.2 - Prob. 12ECh. 12.2 - Prob. 13ECh. 12.2 - Prob. 14ECh. 12.2 - Prob. 15ECh. 12.2 - Prob. 16ECh. 12.2 - Prob. 17ECh. 12.2 - Does the election in Exercise 12 violate the...Ch. 12.2 - An English department is voting for a new...Ch. 12.2 - The Association of Self-Employed Working Persons...Ch. 12.2 - Prob. 21ECh. 12.2 - Prob. 22ECh. 12.2 - Suppose that all 4 voters from the last column of...Ch. 12.2 - Suppose that 2 of the 4 voters from the second...Ch. 12.2 - If 2 of the voters from column 1 in Exercise 21...Ch. 12.2 - If the 3 voters in column 4 in Exercise 22 change...Ch. 12.2 - Construct a preference table for an election...Ch. 12.2 - Construct a preference table for an election...Ch. 12.2 - Construct a preference table for an election so...Ch. 12.2 - If the candidates on a preference ballot are...Ch. 12.2 - If the candidates on a preference ballot are...Ch. 12.2 - In an election with four candidates, how many...Ch. 12.2 - Based on your answers to Exercise 32, explain why...Ch. 12.2 - One way to avoid the issue described in Exercises...Ch. 12.2 - Lets talk about a modified Borda count method....Ch. 12.3 - Prob. 1TTOCh. 12.3 - Prob. 2TTOCh. 12.3 - Does the election in Try This One 2 violate the...Ch. 12.3 - Prob. 4TTOCh. 12.3 - Explain how to determine the winner of an election...Ch. 12.3 - Prob. 2ECh. 12.3 - Describe Arrows impossibility theorem. How is it...Ch. 12.3 - Prob. 4ECh. 12.3 - Prob. 5ECh. 12.3 - Which of the five voting methods we studied do you...Ch. 12.3 - If all of the voters in an approval voting...Ch. 12.3 - Fill in the table below, which summarizes our five...Ch. 12.3 - Prob. 9ECh. 12.3 - Prob. 10ECh. 12.3 - Prob. 11ECh. 12.3 - Prob. 12ECh. 12.3 - Prob. 13ECh. 12.3 - Prob. 14ECh. 12.3 - Prob. 15ECh. 12.3 - Prob. 16ECh. 12.3 - The McKees Point Yacht Club Board of Directors...Ch. 12.3 - The students in Dr. Lees math class are asked to...Ch. 12.3 - If Professor Donovan was unable to serve as...Ch. 12.3 - If the travel company from Exercise 14 loses its...Ch. 12.3 - If the West Oak Golf Club is unavailable and the...Ch. 12.3 - If a room for Dr. Lees final exam was not...Ch. 12.3 - A sports committee of students needs to choose a...Ch. 12.3 - Prob. 24ECh. 12.3 - Prob. 25ECh. 12.3 - Prob. 26ECh. 12.3 - Prob. 27ECh. 12.3 - Prob. 28ECh. 12.3 - Prob. 29ECh. 12.3 - Construct a preference table so that one candidate...Ch. 12.3 - Prob. 31ECh. 12.3 - Prob. 32ECh. 12.3 - Prob. 33ECh. 12.3 - Evaluate each voting method we studied if there...Ch. 12.3 - Suppose that in an election for city council,...Ch. 12.3 - Prob. 36ECh. 12.3 - Devise a method for breaking ties when using...Ch. 12.3 - Prob. 38ECh. 12.4 - Prob. 1TTOCh. 12.4 - Prob. 2TTOCh. 12.4 - Prob. 3TTOCh. 12.4 - Prob. 4TTOCh. 12.4 - Prob. 5TTOCh. 12.4 - Assign the 30 seats from Try This One 5 using...Ch. 12.4 - Prob. 7TTOCh. 12.4 - Prob. 8TTOCh. 12.4 - Prob. 1ECh. 12.4 - Prob. 2ECh. 12.4 - Prob. 3ECh. 12.4 - Describe how to find the upper and lower quotas...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 - In Exercises 912, find the standard divisor for...Ch. 12.4 - Prob. 12ECh. 12.4 - Prob. 13ECh. 12.4 - Prob. 14ECh. 12.4 - Prob. 15ECh. 12.4 - Prob. 16ECh. 12.4 - Prob. 17ECh. 12.4 - Prob. 18ECh. 12.4 - Prob. 19ECh. 12.4 - Prob. 20ECh. 12.4 - Prob. 21ECh. 12.4 - Prob. 22ECh. 12.4 - Prob. 23ECh. 12.4 - Prob. 24ECh. 12.4 - Prob. 25ECh. 12.4 - For Exercises 2628 find: (a)The standard divisor....Ch. 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 - Prob. 33ECh. 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 - Prob. 41ECh. 12.4 - Prob. 42ECh. 12.4 - Prob. 43ECh. 12.5 - Prob. 1TTOCh. 12.5 - Try This One 2
A county with three districts has...Ch. 12.5 - Prob. 3TTOCh. 12.5 - Prob. 1ECh. 12.5 - Prob. 2ECh. 12.5 - Prob. 3ECh. 12.5 - Prob. 4ECh. 12.5 - What is the quota rule? Which apportionment...Ch. 12.5 - Prob. 6ECh. 12.5 - Prob. 7ECh. 12.5 - Prob. 8ECh. 12.5 - Prob. 9ECh. 12.5 - Prob. 10ECh. 12.5 - Prob. 11ECh. 12.5 - Prob. 12ECh. 12.5 - The table shows the enrollment at two campuses of...Ch. 12.5 - Prob. 14ECh. 12.5 - Prob. 15ECh. 12.5 - Prob. 16ECh. 12.5 - Write an essay explaining why many people feel...Ch. 12.5 - 18. Which do you think is more serious: violating...Ch. 12 - Use this information for Exercises 14: the...Ch. 12 - Use this information for Exercises 14: the...Ch. 12 - Use this information for Exercises 14: the...Ch. 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 - Use this information for Exercises 917: a large...Ch. 12 - Prob. 16RECh. 12 - Use this information for Exercises 917: a large...Ch. 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 - A community college bought 15 laptop computers to...Ch. 12 - Prob. 31RECh. 12 - Prob. 32RECh. 12 - Prob. 33RECh. 12 - Prob. 34RECh. 12 - Prob. 35RECh. 12 - Repeat exercise 30 using the Huntington-Hill...Ch. 12 - Prob. 37RECh. 12 - Prob. 38RECh. 12 - Prob. 39RECh. 12 - Prob. 40RECh. 12 - Prob. 41RECh. 12 - Prob. 42RECh. 12 - Prob. 43RECh. 12 - Prob. 1CTCh. 12 - Prob. 2CTCh. 12 - Prob. 3CTCh. 12 - Prob. 4CTCh. 12 - Prob. 5CTCh. 12 - Prob. 6CTCh. 12 - Prob. 7CTCh. 12 - Prob. 8CTCh. 12 - Use this information for Exercises 512: a small...Ch. 12 - Prob. 10CTCh. 12 - Prob. 11CTCh. 12 - Prob. 12CTCh. 12 - Prob. 13CTCh. 12 - An airline offers nonstop flights from Fort...Ch. 12 - Prob. 15CTCh. 12 - Repeat Problem 14 using Websters method.Ch. 12 - Repeat Problem 14 using the Huntington-Hill...Ch. 12 - Prob. 18CTCh. 12 - Prob. 19CTCh. 12 - Prob. 20CTCh. 12 - Prob. 21CT
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 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.arrow_forwarda) Suppose that we are carrying out the 1-phase simplex algorithm on a linear program in standard inequality form (with 3 variables and 4 constraints) and suppose that we have reached a point where we have obtained the following tableau. Apply one more pivot operation, indicating the highlighted row and column and the row operations you carry out. What can you conclude from your updated tableau? x1 x2 x3 81 82 83 84 81 -2 0 1 1 0 0 0 3 82 3 0 -2 0 1 2 0 6 12 1 1 -3 0 0 1 0 2 84 -3 0 2 0 0 -1 1 4 -2 -2 0 11 0 0-4 0 -8arrow_forwardMicrosoft Excel snapshot for random sampling: Also note the formula used for the last column 02 x✓ fx =INDEX(5852:58551, RANK(C2, $C$2:$C$51)) A B 1 No. States 2 1 ALABAMA Rand No. 0.925957526 3 2 ALASKA 0.372999976 4 3 ARIZONA 0.941323044 5 4 ARKANSAS 0.071266381 Random Sample CALIFORNIA NORTH CAROLINA ARKANSAS WASHINGTON G7 Microsoft Excel snapshot for systematic sampling: xfx INDEX(SD52:50551, F7) A B E F G 1 No. States Rand No. Random Sample population 50 2 1 ALABAMA 0.5296685 NEW HAMPSHIRE sample 10 3 2 ALASKA 0.4493186 OKLAHOMA k 5 4 3 ARIZONA 0.707914 KANSAS 5 4 ARKANSAS 0.4831379 NORTH DAKOTA 6 5 CALIFORNIA 0.7277162 INDIANA Random Sample Sample Name 7 6 COLORADO 0.5865002 MISSISSIPPI 8 7:ONNECTICU 0.7640596 ILLINOIS 9 8 DELAWARE 0.5783029 MISSOURI 525 10 15 INDIANA MARYLAND COLORADOarrow_forward
- The spread of an infectious disease is often modeled using the following autonomous differential equation: dI - - BI(N − I) − MI, dt where I is the number of infected people, N is the total size of the population being modeled, ẞ is a constant determining the rate of transmission, and μ is the rate at which people recover from infection. Close a) (5 points) Suppose ẞ = 0.01, N = 1000, and µ = 2. Find all equilibria. b) (5 points) For the equilbria in part a), determine whether each is stable or unstable. c) (3 points) Suppose ƒ(I) = d. Draw a phase plot of f against I. (You can use Wolfram Alpha or Desmos to plot the function, or draw the dt function by hand.) Identify the equilibria as stable or unstable in the graph. d) (2 points) Explain the biological meaning of these equilibria being stable or unstable.arrow_forwardFind the indefinite integral. Check Answer: 7x 4 + 1x dxarrow_forwardshow sketcharrow_forward
- Find the indefinite integral. Check Answer: 7x 4 + 1x dxarrow_forwardQuestion 1: Evaluate the following indefinite integrals. a) (5 points) sin(2x) 1 + cos² (x) dx b) (5 points) t(2t+5)³ dt c) (5 points) √ (In(v²)+1) 4 -dv ขarrow_forwardSuppose the Internal Revenue Service reported that the mean tax refund for the year 2022 was $3401. Assume the standard deviation is $82.5 and that the amounts refunded follow a normal probability distribution. Solve the following three parts? (For the answer to question 14, 15, and 16, start with making a bell curve. Identify on the bell curve where is mean, X, and area(s) to be determined. 1.What percent of the refunds are more than $3,500? 2. What percent of the refunds are more than $3500 but less than $3579? 3. What percent of the refunds are more than $3325 but less than $3579?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Elementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Elementary Algebra
Algebra
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:OpenStax - Rice University
Bayes' Theorem 1: Introduction and conditional probability; Author: Dr Nic's Maths and Stats;https://www.youtube.com/watch?v=lQVkXfJ-rpU;License: Standard YouTube License, CC-BY
What is Conditional Probability | Bayes Theorem | Conditional Probability Examples & Problems; Author: ACADGILD;https://www.youtube.com/watch?v=MxOny_1y2Q4;License: Standard YouTube License, CC-BY
Bayes' Theorem of Probability With Tree Diagrams & Venn Diagrams; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=OByl4RJxnKA;License: Standard YouTube License, CC-BY
Bayes' Theorem - The Simplest Case; Author: Dr. Trefor Bazett;https://www.youtube.com/watch?v=XQoLVl31ZfQ;License: Standard Youtube License