Pearson eText for Using & Understanding Mathematics: A Quantitative Reasoning Approach -- Instant Access (Pearson+)
7th Edition
ISBN: 9780137553334
Author: Jeffrey Bennett, William Briggs
Publisher: PEARSON+
expand_more
expand_more
format_list_bulleted
Question
Chapter 12.D, Problem 24E
To determine
Boundaries expected to result in the election of five Republican and three Democratic representatives using the Figure 12.10, which shows the geographical distribution of voters in a state with 64 voters and eight districts. The voters are half Democratic and half Republican. Also, the district boundaries must follow grid lines shown in the figure and each district must be contiguous.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. How to take snapshots: if you use a MacBook, press Command+ Shift+4 to take snapshots. If you are using Windows, use the Snipping Tool to take snapshots.
Question 1: Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship.
Value of correlation coefficient:
Direction of the relationship (positive, negative, or zero relationship):
Strength of the relationship (strong/moderate/weak):
Question 2: Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size. (The answer for the…
Tri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company purchases natural gas from two companies: Southern Gas and Northwest Gas.
Demand forecasts for the coming winter season are as follows: Hamilton County, 400 units; Butler County, 200 units; and Clermont County, 300 units. Contracts to provide the following quantities have been written: Southern Gas, 500 units; and Northwest Gas, 400 units. Distribution costs for the counties vary, depending upon the location of the suppliers. The distribution costs per unit (in thousands of dollars)
are as follows.
From
To
Hamilton Butler
Clermont
Southern Gas
10
20
15
Northwest Gas
12
15
18
(a) Develop a network representation of this problem. (Submit a file with a maximum size of 1 MB.)
Choose File No file chosen
Assignment 3 graph.docx
Score: 1 out of 1
Comment:
(b) Develop a linear programming model that can be used to determine the plan that will minimize total distribution costs (in thousands of…
Use the method of undetermined coefficients to solve the given nonhomogeneous system.
dx
dt
=
2x + 3y − 8
dy
dt
=
−x − 2y + 6
X(t) =
Chapter 12 Solutions
Pearson eText for Using & Understanding Mathematics: A Quantitative Reasoning Approach -- Instant Access (Pearson+)
Ch. 12.A - Prob. 1QQCh. 12.A - Prob. 2QQCh. 12.A - Prob. 3QQCh. 12.A - Prob. 4QQCh. 12.A - Prob. 5QQCh. 12.A - Prob. 6QQCh. 12.A - Prob. 7QQCh. 12.A - Prob. 8QQCh. 12.A - 9. Study Table 12.5. Which candidate received the...Ch. 12.A - 10. What is the primary lesson of the preference...
Ch. 12.A - 1. What is majority rule? When can it definitively...Ch. 12.A - Prob. 2ECh. 12.A - What is a filibuster? What percentage of the vote...Ch. 12.A - Prob. 4ECh. 12.A - Prob. 5ECh. 12.A - Prob. 6ECh. 12.A - Prob. 7ECh. 12.A - Prob. 8ECh. 12.A - Prob. 9ECh. 12.A - Prob. 10ECh. 12.A - 11. Herman won a plurality of the vote, but Hanna...Ch. 12.A - Fred beat Fran using the point system (Borda...Ch. 12.A - 13. Candidate Reagan won the popular vote for the...Ch. 12.A - Prob. 14ECh. 12.A - Prob. 15ECh. 12.A - Prob. 16ECh. 12.A - Prob. 17ECh. 12.A - Prob. 18ECh. 12.A - Prob. 19ECh. 12.A - Presidential Elections. The following tables give...Ch. 12.A - Prob. 21ECh. 12.A - Prob. 22ECh. 12.A - Prob. 23ECh. 12.A - Presidential Elections. The following tables give...Ch. 12.A - 23. Super Majorities.
a. Of the 100 senators in...Ch. 12.A - 24. Super Majorities.
a. According to the bylaws...Ch. 12.A - Prob. 27ECh. 12.A - Prob. 28ECh. 12.A - Prob. 29ECh. 12.A - Prob. 30ECh. 12.A - Prob. 31ECh. 12.A - Prob. 32ECh. 12.A - 31—34. Interpreting Preference Schedules. Answer...Ch. 12.A - 31—34. Interpreting Preference Schedules. Answer...Ch. 12.A - 31—34. Interpreting Preference Schedules. Answer...Ch. 12.A - Prob. 36ECh. 12.A - Prob. 37ECh. 12.A - Prob. 38ECh. 12.A - Prob. 39ECh. 12.A - Prob. 40ECh. 12.A - Prob. 41ECh. 12.A - How Close Was 2016? Consider Table 12.3 which...Ch. 12.A - Prob. 43ECh. 12.A - Prob. 44ECh. 12.A - Prob. 45ECh. 12.A - Prob. 46ECh. 12.A - Condorcet Winner. If a candidate wins all...Ch. 12.A - 45. Condorcet Paradox. Consider the following...Ch. 12.A - 46. Pairwise Comparisons Question.
a. How many...Ch. 12.A - Prob. 50ECh. 12.A - Prob. 51ECh. 12.A - Prob. 52ECh. 12.A - Prob. 53ECh. 12.A - Prob. 54ECh. 12.A - Sports Polls. Most men’s and women’s major college...Ch. 12.A - Elections Around the World. Many countries have...Ch. 12.B - l. How many of the four fairness criteria (see p....Ch. 12.B - Prob. 2QQCh. 12.B - Prob. 3QQCh. 12.B - Prob. 4QQCh. 12.B -
5. Suppose that Berman is declared the winner of...Ch. 12.B - 6. Suppose that Freedman is declared the winner of...Ch. 12.B - 7. Notice that if Goldsmith dropped out, Freedman...Ch. 12.B - Prob. 8QQCh. 12.B - Which of the following is not an advantage of...Ch. 12.B - Prob. 10QQCh. 12.B - Briefly summarize each of the four fairness...Ch. 12.B - Prob. 2ECh. 12.B - What is approval voting? How is it different from...Ch. 12.B - Prob. 4ECh. 12.B - Prob. 5ECh. 12.B - Prob. 6ECh. 12.B - Prob. 7ECh. 12.B - Prob. 8ECh. 12.B - Plurality and Criterion 1. Explain in words why...Ch. 12.B - 10. Plurality and Criterion 2. Consider the...Ch. 12.B - 11. Plurality and Criterion 2. Devise a preference...Ch. 12.B - Prob. 12ECh. 12.B - Plurality and Criterion 4. Suppose the plurality...Ch. 12.B - Prob. 14ECh. 12.B - Runoff Methods and Criterion 1. Explain in words...Ch. 12.B - Prob. 16ECh. 12.B - Prob. 17ECh. 12.B - Sequential Runoff and Criterion 2. Devise a...Ch. 12.B - Prob. 19ECh. 12.B - Prob. 20ECh. 12.B - Prob. 21ECh. 12.B - Prob. 22ECh. 12.B - Point System and Criterion 1. Devise your own...Ch. 12.B - 24. Point System and Criterion 2. Suppose the...Ch. 12.B - 25. Point System and Criterion 2. Devise a...Ch. 12.B - Prob. 26ECh. 12.B - Prob. 27ECh. 12.B - Prob. 28ECh. 12.B - Prob. 29ECh. 12.B - Prob. 30ECh. 12.B - Prob. 31ECh. 12.B - Pairwise Comparisons and Criterion 4. Suppose the...Ch. 12.B - Prob. 33ECh. 12.B - Approval Voting. Suppose that Candidates A and B...Ch. 12.B - Prob. 35ECh. 12.B - Power Voting. Imagine that a small company has...Ch. 12.B - 37-41: Electoral Power. Use the table below to...Ch. 12.B - 37-41: Electoral Power. Use the table below to...Ch. 12.B - Prob. 39ECh. 12.B - Prob. 40ECh. 12.B - Prob. 41ECh. 12.B - Prob. 42ECh. 12.B - Prob. 43ECh. 12.B - Prob. 44ECh. 12.B - Prob. 45ECh. 12.B - Prob. 46ECh. 12.B - Prob. 47ECh. 12.B - Prob. 48ECh. 12.B - Prob. 49ECh. 12.B - Prob. 50ECh. 12.B - Prob. 51ECh. 12.B - 52. Swing Votes. Suppose that the following...Ch. 12.B - Prob. 53ECh. 12.B - Other Fairness Criteria. The fairness criteria...Ch. 12.B - Prob. 55ECh. 12.B - Power Voting and Coalitions. Use the Web...Ch. 12.B - General Voting Power. Find the news report about...Ch. 12.B - Prob. 58ECh. 12.C - Prob. 1QQCh. 12.C - Prob. 2QQCh. 12.C - Prob. 3QQCh. 12.C - 4. Suppose that, in 2030, the census shows that...Ch. 12.C - 5. Consider a school district with 50 schools,...Ch. 12.C - 6. Consider the school district described in...Ch. 12.C - Prob. 7QQCh. 12.C - Prob. 8QQCh. 12.C - Prob. 9QQCh. 12.C - Prob. 10QQCh. 12.C - Prob. 1ECh. 12.C - Prob. 2ECh. 12.C - Prob. 3ECh. 12.C - What is the Alabama paradox? What other paradoxes...Ch. 12.C - Prob. 5ECh. 12.C - What is the quota criterion? Why are violations of...Ch. 12.C - 7. Briefly describe how Webster’s method and the...Ch. 12.C - 8. Explain why Webster’s method and the...Ch. 12.C - is the president of a large company with 12...Ch. 12.C - 10. Charlene is the head judge in a figure skating...Ch. 12.C - Prob. 11ECh. 12.C - Prob. 12ECh. 12.C - Prob. 13ECh. 12.C - Prob. 14ECh. 12.C - Prob. 15ECh. 12.C - Prob. 16ECh. 12.C - Prob. 17ECh. 12.C - 15-18: State Representation. The following table...Ch. 12.C - 19. Standard Quotas in Business. A large company...Ch. 12.C - 20. Standard Quota in Education. Capital...Ch. 12.C - Prob. 21ECh. 12.C - Prob. 22ECh. 12.C - Prob. 23ECh. 12.C - Prob. 24ECh. 12.C - Prob. 25ECh. 12.C - Prob. 26ECh. 12.C - Prob. 27ECh. 12.C - Prob. 28ECh. 12.C - Prob. 29ECh. 12.C - Prob. 30ECh. 12.C - 29-32: Jefferson's Method. Apply Jefferson's...Ch. 12.C - Jefferson's Method. Apply Jefferson's method to...Ch. 12.C - 33. Webster’s Method. Use Webster’s method to...Ch. 12.C - 34. Webster’s Method. Use Webster’s method to...Ch. 12.C - Prob. 35ECh. 12.C - Prob. 36ECh. 12.C - Prob. 37ECh. 12.C - Prob. 38ECh. 12.C - Comparing Methods. Assume 100 delegates are to be...Ch. 12.C - Prob. 40ECh. 12.C - Prob. 41ECh. 12.C - 39-42: Comparing Methods. Assume 100 delegates are...Ch. 12.C - 43-46: Non-House Apportionments. The following...Ch. 12.C - 43-46: Non-House Apportionments. The following...Ch. 12.C - 43-46: Non-House Apportionments. The following...Ch. 12.C - Prob. 46ECh. 12.C - Prob. 47ECh. 12.C - Prob. 48ECh. 12.C - Prob. 49ECh. 12.D - Prob. 1QQCh. 12.D - Prob. 2QQCh. 12.D - 3. If we compare results in presidential elections...Ch. 12.D - 4. In 2010, Republicans in North Carolina received...Ch. 12.D - Prob. 5QQCh. 12.D - Prob. 6QQCh. 12.D - Prob. 7QQCh. 12.D - Prob. 8QQCh. 12.D - Prob. 9QQCh. 12.D - Prob. 10QQCh. 12.D - What is redistricting, and when must it be done?Ch. 12.D - 2. How has the competitiveness of elections for...Ch. 12.D - 3. What is gerrymandering? Where does this term...Ch. 12.D - 4. Briefly describe how the drawing of boundaries...Ch. 12.D - What requirements must be met in drawing district...Ch. 12.D - Briefly describe two ideas for reforming the...Ch. 12.D - In the last election in my home state, 48% of the...Ch. 12.D - Prob. 8ECh. 12.D - Polls show that half voters in our state plan to...Ch. 12.D - Prob. 10ECh. 12.D - Prob. 11ECh. 12.D - Prob. 12ECh. 12.D - Redistricting and House Elections. The 2010 census...Ch. 12.D - Prob. 14ECh. 12.D - Redistricting and House Elections. The 2010 census...Ch. 12.D - 13-17: Redistricting and House Elections. The 2010...Ch. 12.D - Redistricting and House Elections. The 2010 census...Ch. 12.D -
18-23: Average and Extreme Districts. Consider...Ch. 12.D - Prob. 19ECh. 12.D - Prob. 20ECh. 12.D - 18—23: Average and Extreme Districts. Consider the...Ch. 12.D - Average and Extreme Districts. Consider the...Ch. 12.D - Prob. 23ECh. 12.D - Prob. 24ECh. 12.D - Prob. 25ECh. 12.D - Prob. 26ECh. 12.D - Prob. 27ECh. 12.D - Prob. 28ECh. 12.D - 28—29: Drawing Districts Set III. Refer to Figure...Ch. 12.D - 30—32: Drawing Districts Set IV. Refer to Figure...Ch. 12.D - 30—32: Drawing Districts Set IV. Refer to Figure...Ch. 12.D - Prob. 32ECh. 12.D - Prob. 33ECh. 12.D - Prob. 34ECh. 12.D - Prob. 35ECh. 12.D - Prob. 36ECh. 12.D - Prob. 37ECh. 12.D - Prob. 38ECh. 12.D - Prob. 39ECh. 12.D - Prob. 40ECh. 12.D - Prob. 41ECh. 12.D - 42. Redistricting Procedures. Choose a state that...Ch. 12.D - 43. Reform Efforts. Investigate the current status...Ch. 12.D - 44. Mathematical Algorithms for Reform. Search for...Ch. 12.D - Prob. 45E
Knowledge Booster
Similar questions
- As discussed in Section 8.3, the Markowitz model uses the variance of the portfolio as the measure of risk. However, variance includes deviations both below and above the mean return. Semivariance includes only deviations below the mean and is considered by many to be a better measure of risk. (a) Develop a model that minimizes semivariance for the Hauck Financial data given in the file HauckData with a required return of 10%. Assume that the five planning scenarios in the Hauck Financial Services model are equally likely to occur. Hint: Modify model (8.10)–(8.19). Define a variable ds for each scenario and let ds ≥ R − Rs with ds ≥ 0. Then make the objective function: Min 1 5 5 s = 1 ds2. Let FS = proportion of portfolio invested in the foreign stock mutual fund IB = proportion of portfolio invested in the intermediate-term bond fund LG = proportion of portfolio invested in the large-cap growth fund LV = proportion of portfolio invested in the large-cap value fund…arrow_forwardCalculus lll May I please have the blank lines completed, and final statement defined as a result? Thank you for the support!arrow_forwardFor each month of the year, Taylor collected the average high temperatures in Jackson, Mississippi. He used the data to create the histogram shown. Which set of data did he use to create the histogram? A 55, 60, 64, 72, 73, 75, 77, 81, 83, 91, 91, 92\ 55,\ 60,\ 64,\ 72,\ 73,\ 75,\ 77,\ 81,\ 83,\ 91,\ 91,\ 92 55, 60, 64, 72, 73, 75, 77, 81, 83, 91, 91, 92 B 55, 57, 60, 65, 70, 71, 78, 79, 85, 86, 88, 91\ 55,\ 57,\ 60,\ 65,\ 70,\ 71,\ 78,\ 79,\ 85,\ 86,\ 88,\ 91 55, 57, 60, 65, 70, 71, 78, 79, 85, 86, 88, 91 C 55, 60, 63, 64, 65, 71, 83, 87, 88, 88, 89, 93\ 55,\ 60,\ 63,\ 64,\ 65,\ 71,\ 83,\ 87,\ 88,\ 88,\ 89,\ 93 55, 60, 63, 64, 65, 71, 83, 87, 88, 88, 89, 93 D 55, 58, 60, 66, 68, 75, 77, 82, 86, 89, 91, 91\ 55,\ 58,\ 60,\ 66,\ 68,\ 75,\ 77,\ 82,\ 86,\ 89,\ 91,\ 91 55, 58, 60, 66, 68, 75, 77, 82, 86, 89, 91, 91arrow_forward
- In this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0 given (under the measure P) by d.St 0.03 St dt + 0.2 St dwt, with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to price an option on this stock (which we name cubic put). This option is European-type, with maturity 3 months (i.e. T = 0.25 years), and payoff given by F = (8-5)+ (a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure Q. (You don't need to prove it, simply give the answer.) (b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2. (c) Let X = S. Find the Stochastic Differential Equation satisfied by the process (Xt) under the measure Q. (d) Find an explicit expression for X₁ = S3 under measure Q. (e) Using the results above, find the price of the cubic put option mentioned above. (f) Is the price in (e) the same as in question (b)? (Explain why.)arrow_forwardProblem 4. Margrabe formula and the Greeks (20 pts) In the homework, we determined the Margrabe formula for the price of an option allowing you to swap an x-stock for a y-stock at time T. For stocks with initial values xo, yo, common volatility σ and correlation p, the formula was given by Fo=yo (d+)-x0Þ(d_), where In (±² Ꭲ d+ õ√T and σ = σ√√√2(1 - p). дго (a) We want to determine a "Greek" for ỡ on the option: find a formula for θα (b) Is дго θα positive or negative? (c) We consider a situation in which the correlation p between the two stocks increases: what can you say about the price Fo? (d) Assume that yo< xo and p = 1. What is the price of the option?arrow_forwardThe Course Name Real Analysis please Solve questions by Real Analysisarrow_forward
- We consider a 4-dimensional stock price model given (under P) by dẴ₁ = µ· Xt dt + йt · ΣdŴt where (W) is an n-dimensional Brownian motion, π = (0.02, 0.01, -0.02, 0.05), 0.2 0 0 0 0.3 0.4 0 0 Σ= -0.1 -4a За 0 0.2 0.4 -0.1 0.2) and a E R. We assume that ☑0 = (1, 1, 1, 1) and that the interest rate on the market is r = 0.02. (a) Give a condition on a that would make stock #3 be the one with largest volatility. (b) Find the diversification coefficient for this portfolio as a function of a. (c) Determine the maximum diversification coefficient d that you could reach by varying the value of a? 2arrow_forwardQuestion 1. Your manager asks you to explain why the Black-Scholes model may be inappro- priate for pricing options in practice. Give one reason that would substantiate this claim? Question 2. We consider stock #1 and stock #2 in the model of Problem 2. Your manager asks you to pick only one of them to invest in based on the model provided. Which one do you choose and why ? Question 3. Let (St) to be an asset modeled by the Black-Scholes SDE. Let Ft be the price at time t of a European put with maturity T and strike price K. Then, the discounted option price process (ert Ft) t20 is a martingale. True or False? (Explain your answer.) Question 4. You are considering pricing an American put option using a Black-Scholes model for the underlying stock. An explicit formula for the price doesn't exist. In just a few words (no more than 2 sentences), explain how you would proceed to price it. Question 5. We model a short rate with a Ho-Lee model drt = ln(1+t) dt +2dWt. Then the interest rate…arrow_forwardIn this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0 given (under the measure P) by d.St 0.03 St dt + 0.2 St dwt, with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to price an option on this stock (which we name cubic put). This option is European-type, with maturity 3 months (i.e. T = 0.25 years), and payoff given by F = (8-5)+ (a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure Q. (You don't need to prove it, simply give the answer.) (b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2. (c) Let X = S. Find the Stochastic Differential Equation satisfied by the process (Xt) under the measure Q. (d) Find an explicit expression for X₁ = S3 under measure Q. (e) Using the results above, find the price of the cubic put option mentioned above. (f) Is the price in (e) the same as in question (b)? (Explain why.)arrow_forward
- 3. Consider the polynomial equation 6-iz+7z² - iz³ +z = 0 for which the roots are 3i, -2i, -i, and i. (a) Verify the relations between this roots and the coefficients of the polynomial. (b) Find the annulus region in which the roots lie.arrow_forwardThe managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c. Question content area bottom Part 1 a. Develop a simple linear regression model between billable hours and overhead costs. Overhead Costsequals=212495.2212495.2plus+left parenthesis 42.4857 right parenthesis42.485742.4857times×Billable Hours (Round the constant to one decimal place as needed. Round the coefficient to four decimal places as needed. Do not include the $ symbol in your answers.) Part 2 b. Interpret the coefficients of your regression model. Specifically, what does the fixed component of the model mean to the consulting firm? Interpret the fixed term, b 0b0, if appropriate. Choose the correct answer below. A. The value of b 0b0 is the predicted billable hours for an overhead cost of 0 dollars. B. It is not appropriate to interpret b 0b0, because its value…arrow_forward3. Consider the polynomial equation 6-iz+7z2-iz³ +z = 0 for which the roots are 3i, -2i, -i, and i. (a) Verify the relations between this roots and the coefficients of the polynomial. (b) Find the annulus region in which the roots lie.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSON
Discrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education