Mathematics All Around (6th Edition)
6th Edition
ISBN: 9780134434681
Author: Tom Pirnot
Publisher: PEARSON
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Chapter 12.CR, Problem 9CR
To determine
To explain:
The main difference between a permutation and a combination.
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Problem 1. Multi-stock model
We consider a 2-stock model similar to the one studied in class. Namely, we consider
=
S(1)
S(2)
=
S(¹) exp (σ1B(1) + (M1 - 0/1 )
S(²) exp (02B(2) + (H₂-
M2
where (B(¹) ) +20 and (B(2) ) +≥o are two Brownian motions, with
t≥0
Cov (B(¹), B(2)) = p min{t, s}.
"
The purpose of this problem is to prove that there indeed exists a 2-dimensional Brownian
motion (W+)+20 (W(1), W(2))+20 such that
=
S(1)
S(2)
=
=
S(¹) exp (011W(¹) + (μ₁ - 01/1) t)
롱)
S(²) exp (021W (1) + 022W(2) + (112 - 03/01/12) t).
where σ11, 21, 22 are constants to be determined (as functions of σ1, σ2, p).
Hint: The constants will follow the formulas developed in the lectures.
(a) To show existence of (Ŵ+), first write the expression for both W. (¹) and W (2)
functions of (B(1), B(²)).
as
(b) Using the formulas obtained in (a), show that the process (WA) is actually a 2-
dimensional standard Brownian motion (i.e. show that each component is normal,
with mean 0, variance t, and that their…
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Show three different pairs of integers, a and b, where at least one example includes a negative integer. For each of your examples, determine if each of the following statements are true or false
Chapter 12 Solutions
Mathematics All Around (6th Edition)
Ch. 12.1 - In Exercises 14, you are selecting from the set...Ch. 12.1 - In Exercises 14, you are selecting from the set...Ch. 12.1 - In Exercises 14, you are selecting from the set...Ch. 12.1 - In Exercises 14, you are selecting from the set...Ch. 12.1 - Prob. 5ECh. 12.1 - Prob. 6ECh. 12.1 - Prob. 7ECh. 12.1 - Prob. 8ECh. 12.1 - How many different two-digit numbers can you form...Ch. 12.1 - How many different two-digit numbers can you form...
Ch. 12.1 - How many different three-digit numbers can you...Ch. 12.1 - How many different three-digit numbers can you...Ch. 12.1 - In Exercises 1318, assume you are rolling two...Ch. 12.1 - In Exercises 1318, assume you are rolling two...Ch. 12.1 - In Exercises 1318, assume you are rolling two...Ch. 12.1 - In Exercises 1318, assume you are rolling two...Ch. 12.1 - In Exercises 1318, assume you are rolling two...Ch. 12.1 - In Exercises 1318, assume you are rolling two...Ch. 12.1 - Recall in Example 6 that you are creating outfits...Ch. 12.1 - Recall in Example 6 that you are creating outfits...Ch. 12.1 - Use the given diagram to solve Exercises 21 and...Ch. 12.1 - Use the given diagram to solve Exercises 21 and...Ch. 12.1 - Answer Exercise 21 assuming the diagram has six...Ch. 12.1 - Prob. 24ECh. 12.1 - Assigning tasks. Stefans friends Amika, Pam, Li,...Ch. 12.1 - Making staff assignments. Suppose that the staff...Ch. 12.1 - Prob. 27ECh. 12.1 - Prob. 28ECh. 12.1 - The role-playing game Dungeons & Dragons uses a...Ch. 12.1 - Dungeons & Dragons also uses 12-sided dice. How...Ch. 12.1 - Counting license plates. An eyewitness to a crime...Ch. 12.1 - Counting license plates. In a small state, the...Ch. 12.1 - For Exercises 33 and 34, use the figures below....Ch. 12.1 - For Exercises 33 and 34, use the figures below....Ch. 12.1 - Prince William and Duchess Kate are attending the...Ch. 12.1 - Prince William and Duchess Kate are attending the...Ch. 12.1 - Prob. 37ECh. 12.1 - Prob. 38ECh. 12.1 - Stacking cans. In preparation for Thanksgiving...Ch. 12.1 - Prob. 40ECh. 12.1 - In Exercises 4144, you are buying a triple-deck...Ch. 12.1 - In Exercises 4144, you are buying a triple-deck...Ch. 12.1 - In Exercises 4144, you are buying a triple-deck...Ch. 12.1 - In Exercises 4144, you are buying a triple-deck...Ch. 12.1 - Prob. 45ECh. 12.1 - Prob. 46ECh. 12.1 - Prob. 47ECh. 12.1 - Prob. 49ECh. 12.1 - Prob. 50ECh. 12.1 - Prob. 51ECh. 12.1 - Prob. 52ECh. 12.1 - Prob. 53ECh. 12.1 - Prob. 54ECh. 12.1 - Prob. 55ECh. 12.1 - Prob. 56ECh. 12.1 - Prob. 57ECh. 12.1 - Prob. 58ECh. 12.1 - Prob. 59ECh. 12.2 - Assigning responsibilities. The board of an...Ch. 12.2 - Assigning positions. If there are 12 members on...Ch. 12.2 - Assigning officers. The Equestrian Club has eight...Ch. 12.2 - Assigning officers. If the Chamber of Commerce has...Ch. 12.2 - Choosing a stand up paddle board package. Kevin...Ch. 12.2 - Counting schedules. Jorge is using his educational...Ch. 12.2 - Counting meal possibilities. The early bird...Ch. 12.2 - Prob. 8ECh. 12.2 - In games such as Dungeons 12, determine the number...Ch. 12.2 - In games such as Dungeons 12, determine the number...Ch. 12.2 - In games such as Dungeons 12, determine the number...Ch. 12.2 - In games such as Dungeons 12, determine the number...Ch. 12.2 - In Exercises 1316, using the digits 0,1,2,...,8,9,...Ch. 12.2 - In Exercises 1316, using the digits 0,1,2,...,8,9,...Ch. 12.2 - In Exercises 1316, using the digits 0,1,2,...,8,9,...Ch. 12.2 - Prob. 16ECh. 12.2 - A truefalse quiz. In how many ways can you choose...Ch. 12.2 - A multiple-choice test. In how many ways can you...Ch. 12.2 - Planning a trip. Center City Community Colleges...Ch. 12.2 - A piano competition. In the Van Cliburn piano...Ch. 12.2 - Enumerating call letters. Radio stations in the...Ch. 12.2 - Prob. 22ECh. 12.2 - Prob. 23ECh. 12.2 - Counting license plates. In a certain state,...Ch. 12.2 - A pin tumbler lock has a series of pins, each of...Ch. 12.2 - A pin tumbler lock has a series of pins, each of...Ch. 12.2 - Counting routes for an armored van. A Wells Fargo...Ch. 12.2 - Prob. 28ECh. 12.2 - Prob. 29ECh. 12.2 - Facial arrangements. A website enables you to...Ch. 12.2 - Prob. 31ECh. 12.2 - Prob. 32ECh. 12.2 - Exercises 33 and 34 are alternative versions of...Ch. 12.2 - Prob. 34ECh. 12.2 - Prob. 35ECh. 12.2 - Assume that we wish to seat three men and three...Ch. 12.2 - Assume that we wish to seat three men and three...Ch. 12.2 - Assume that we wish to seat three men and three...Ch. 12.2 - In solving counting problems, it is often useful...Ch. 12.2 - What is the relationship between trees, slot...Ch. 12.2 - Prob. 41ECh. 12.2 - Prob. 42ECh. 12.2 - Prob. 43ECh. 12.2 - Prob. 44ECh. 12.2 - Prob. 45ECh. 12.2 - Prob. 46ECh. 12.2 - Prob. 47ECh. 12.2 - Prob. 48ECh. 12.2 - Prob. 49ECh. 12.3 - In Exercises 112, calculate each value. 4!Ch. 12.3 - Prob. 2ECh. 12.3 - In Exercises 112, calculate each value. (85)!Ch. 12.3 - In Exercises 112, calculate each value. (105)!Ch. 12.3 - In Exercises 112, calculate each value. 107Ch. 12.3 - In Exercises 112, calculate each value. 119Ch. 12.3 - Prob. 7ECh. 12.3 - In Exercises 112, calculate each value. 1192Ch. 12.3 - In Exercises 112, calculate each value. P(6,2)Ch. 12.3 - In Exercises 112, calculate each value. P(5,3)Ch. 12.3 - In Exercises 112, calculate each value. C(10,3)Ch. 12.3 - In Exercises 112, calculate each value. C(4,4)Ch. 12.3 - Prob. 13ECh. 12.3 - Prob. 14ECh. 12.3 - In Exercises 1518 find the number of permutations....Ch. 12.3 - In Exercises 1518 find the number of permutations....Ch. 12.3 - In Exercises 1518 find the number of permutations....Ch. 12.3 - In Exercises 1518 find the number of permutations....Ch. 12.3 - In Exercises 1922, find the number of...Ch. 12.3 - Prob. 20ECh. 12.3 - In Exercises 1922, find the number of...Ch. 12.3 - Prob. 22ECh. 12.3 - Find the eighth row in Pascals triangle.Ch. 12.3 - Find the tenth row in Pascals triangle.Ch. 12.3 - Use the seventh row of Pascals triangle to answer...Ch. 12.3 - Prob. 26ECh. 12.3 - Prob. 27ECh. 12.3 - In Exercises 2730, describe where each number is...Ch. 12.3 - Prob. 29ECh. 12.3 - In Exercises 2730, describe where each number is...Ch. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - Prob. 32ECh. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - Prob. 34ECh. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - Prob. 36ECh. 12.3 - Prob. 37ECh. 12.3 - Prob. 38ECh. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - Prob. 42ECh. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - In Exercises 3144, specify the number of ways to...Ch. 12.3 - In Exercises 4548, determine the number of ways to...Ch. 12.3 - Prob. 46ECh. 12.3 - Prob. 47ECh. 12.3 - Prob. 48ECh. 12.3 - In Exercise 49 and 50, determine why the given...Ch. 12.3 - Prob. 50ECh. 12.3 - Prob. 51ECh. 12.3 - A typical bingo card is shown in the figure. The...Ch. 12.3 - Prob. 53ECh. 12.3 - A typical bingo card is shown in the figure. The...Ch. 12.3 - In Exercise 5568, use the fundamental counting...Ch. 12.3 - In Exercise 5568, use the fundamental counting...Ch. 12.3 - In Exercise 5568, use the fundamental counting...Ch. 12.3 - Prob. 58ECh. 12.3 - Prob. 59ECh. 12.3 - Prob. 60ECh. 12.3 - In Exercise 5568, use the fundamental counting...Ch. 12.3 - Prob. 62ECh. 12.3 - Prob. 63ECh. 12.3 - Prob. 64ECh. 12.3 - In Exercise 5568, use the fundamental counting...Ch. 12.3 - Prob. 66ECh. 12.3 - Prob. 67ECh. 12.3 - Prob. 68ECh. 12.3 - Prob. 69ECh. 12.3 - Prob. 70ECh. 12.3 - Prob. 71ECh. 12.3 - Prob. 72ECh. 12.3 - Prob. 73ECh. 12.3 - Prob. 74ECh. 12.3 - Prob. 75ECh. 12.3 - Prob. 76ECh. 12.3 - Prob. 77ECh. 12.3 - Prob. 78ECh. 12.3 - Prob. 79ECh. 12.3 - Prob. 80ECh. 12.3 - Prob. 81ECh. 12.3 - Prob. 82ECh. 12.3 - Prob. 83ECh. 12.3 - Prob. 84ECh. 12.3 - Prob. 85ECh. 12.3 - Prob. 86ECh. 12.3 - Prob. 87ECh. 12.3 - Prob. 88ECh. 12.3 - Prob. 89ECh. 12.4 - Exercises 16 are based on the slot machine shown...Ch. 12.4 - Exercises 16 are based on the slot machine shown...Ch. 12.4 - Exercises 16 are based on the slot machine shown...Ch. 12.4 - Exercises 16 are based on the slot machine shown...Ch. 12.4 - Prob. 5ECh. 12.4 - Exercises 16 are based on the slot machine shown...Ch. 12.4 - Exercises 712 deal with the poker hands described...Ch. 12.4 - Exercises 712 deal with the poker hands described...Ch. 12.4 - Prob. 9ECh. 12.4 - Exercises 712 deal with the poker hands described...Ch. 12.4 - Exercises 712 deal with the poker hands described...Ch. 12.4 - Exercises 712 deal with the poker hands described...Ch. 12.4 - Prob. 13ECh. 12.4 - Why are we using combinations rather than...Ch. 12.4 - Prob. 15ECh. 12.4 - Prob. 16ECh. 12.4 - Playing poker. How many poker hands are less in...Ch. 12.CR - Prob. 1CRCh. 12.CR - The game Dungeons & Dragons uses a tetrahedral die...Ch. 12.CR - Prob. 3CRCh. 12.CR - Prob. 4CRCh. 12.CR - Prob. 5CRCh. 12.CR - Prob. 6CRCh. 12.CR - Prob. 7CRCh. 12.CR - Prob. 8CRCh. 12.CR - Prob. 9CRCh. 12.CR - Prob. 10CRCh. 12.CR - You are going to serve gourmet cupcakes at your...Ch. 12.CR - Prob. 12CRCh. 12.CR - Prob. 13CRCh. 12.CR - Prob. 14CRCh. 12.CR - Prob. 15CRCh. 12.CR - Prob. 16CRCh. 12.CR - Prob. 17CRCh. 12.CT - List all the ways you can select two different...Ch. 12.CT - Prob. 2CTCh. 12.CT - Prob. 3CTCh. 12.CT - Use the sixth row of Pascals triangle to find the...Ch. 12.CT - Prob. 5CTCh. 12.CT - Prob. 6CTCh. 12.CT - Prob. 7CTCh. 12.CT - Prob. 8CTCh. 12.CT - Prob. 9CTCh. 12.CT - Prob. 10CTCh. 12.CT - Prob. 11CTCh. 12.CT - Prob. 12CTCh. 12.CT - Write an equation that relates the expressions...Ch. 12.CT - Prob. 14CTCh. 12.CT - Prob. 15CTCh. 12.CT - Prob. 16CT
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