Mathematical Ideas (13th Edition) - Standalone book
13th Edition
ISBN: 9780321977076
Author: Charles D. Miller, Vern E. Heeren, John Hornsby, Christopher Heeren
Publisher: PEARSON
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Chapter 1.3, Problem 60E
To determine
The property of the provided sentence“A man, a plan, a canal, Panama.”.
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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 1 Solutions
Mathematical Ideas (13th Edition) - Standalone book
Ch. 1.1 - The next number in the pattern 2,4,6,8,10 is 12Ch. 1.1 - My dog barked and woke me up at 1:02 a.m., 2:03...Ch. 1.1 - To find the perimeter P of a square with side of...Ch. 1.1 - A company charges a 10% re-stocking fee for...Ch. 1.1 - In Exercises 1-16, determine whether the reasoning...Ch. 1.1 - 6. If you take your medicine, you’ll feel a lot...Ch. 1.1 - It has rained every day for the past six days, and...Ch. 1.1 - 8. Carrie’s first five children were boys. If she...Ch. 1.1 - 9. The 2000 movie Cast Away stars Tom Hanks as the...Ch. 1.1 - 10. If the same number is subtracted from both...
Ch. 1.1 - If you build it, they will come. You build it....Ch. 1.1 - 12. All men are mortal. Socrates is a man....Ch. 1.1 - It is a fact that every student who ever attended...Ch. 1.1 - For the past 126 years, a rare plant has bloomed...Ch. 1.1 - 15. In the sequence 5, 10, 15, 20, 25,..., the...Ch. 1.1 - 16. (This anecdote is adapted from a story by...Ch. 1.1 - 17. Discuss the differences between inductive and...Ch. 1.1 - 18. Give an example of faulty inductive...Ch. 1.1 - Determine the most probable next term in each of...Ch. 1.1 - Determine the most probable next term in each of...Ch. 1.1 - 21. 3, 12, 48, 192, 768
Ch. 1.1 - 32, 16,8,4,2Ch. 1.1 - 3, 6, 9, 15, 24, 39Ch. 1.1 - 13,35,57,79,911Ch. 1.1 - 25.
Ch. 1.1 - 1,4, 9, 16, 25Ch. 1.1 - 27. 1, 8, 27, 64, 125
Ch. 1.1 - 28. 2, 6, 12, 20, 30, 42
Ch. 1.1 - Determine the most probable next term in each of...Ch. 1.1 - 30. 27, 21, 16, 12, 9
Ch. 1.1 - 31. 5, 3, 5, 5, 3, 5, 5, 5, 3, 5, 5, 5, 5, 3, 5,...Ch. 1.1 - 8, 2, 8, 2, 2, 8, 2, 2, 2, 8, 2, 2, 2, 2, 8, 2, 2,...Ch. 1.1 - 33. Construct a list of numbers similar to those...Ch. 1.1 - 34. Construct a list of numbers similar to those...Ch. 1.1 - Prob. 35ECh. 1.1 - 36.
Ch. 1.1 - 37.
Ch. 1.1 - 38.
Ch. 1.1 - 39.
Ch. 1.1 - 40.
Ch. 1.1 - 41.
Ch. 1.1 - 42.
Ch. 1.1 - 43.
Ch. 1.1 - 3=3(31)23+9=3(91)23+9+27=3(271)23+9+27+81=3(811)2Ch. 1.1 - 12=11212+14=11412+14+18=11812+14+18+116=1116Ch. 1.1 - 46.
Ch. 1.1 - Prob. 47ECh. 1.1 - 48.
Ch. 1.1 - 1+2+3++800Ch. 1.1 - 1+2+3++2000Ch. 1.1 - Modify the procedure of Gauss to find the sum .
Ch. 1.1 - Explain in your own words how the procedure of...Ch. 1.1 - Prob. 53ECh. 1.1 - 53. Modify the procedure of Gauss to find the sum...Ch. 1.1 - 55. What is the most probable next number in this...Ch. 1.1 - Prob. 56ECh. 1.1 - 57. Choose any three-digit number with all...Ch. 1.1 - 58. Choose any number, and follow these steps.
a....Ch. 1.1 - Complete the following....Ch. 1.1 -
60. Refer to Figures 2 (b)–(e) and Figure 3....Ch. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - Prob. 6ECh. 1.2 - Prob. 7ECh. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - For each sequence, determine if it is an...Ch. 1.2 - Prob. 11ECh. 1.2 - Prob. 12ECh. 1.2 - Use the method of successive differences to...Ch. 1.2 - 3, 14, 31, 54, 83, 118, Use the method of...Ch. 1.2 - Use the method of successive differences to...Ch. 1.2 - Use the method of successive differences to...Ch. 1.2 - Use the method of successive differences to...Ch. 1.2 - Use the method of successive differences to...Ch. 1.2 - Use the method of successive differences to...Ch. 1.2 - Use the method of successive differences to...Ch. 1.2 - Prob. 21ECh. 1.2 - 22. The 1952 film Hans Christian Andersen stars...Ch. 1.2 - Prob. 23ECh. 1.2 - Prob. 24ECh. 1.2 - Prob. 25ECh. 1.2 - In Exercises 23-32, several equations are given...Ch. 1.2 - Prob. 27ECh. 1.2 - Prob. 28ECh. 1.2 - Prob. 29ECh. 1.2 - Prob. 30ECh. 1.2 - Prob. 31ECh. 1.2 - Prob. 32ECh. 1.2 - Use the formula S=1(n+1)2 to find each sum....Ch. 1.2 - Prob. 34ECh. 1.2 - Prob. 35ECh. 1.2 - Prob. 36ECh. 1.2 - Prob. 37ECh. 1.2 - Prob. 38ECh. 1.2 - Use the formula S=n2 to find each sum (Hint: To...Ch. 1.2 - Prob. 40ECh. 1.2 - Prob. 41ECh. 1.2 - Prob. 42ECh. 1.2 - Prob. 43ECh. 1.2 - Prob. 44ECh. 1.2 - Prob. 45ECh. 1.2 - Prob. 46ECh. 1.2 - Prob. 47ECh. 1.2 - Prob. 48ECh. 1.2 - Prob. 49ECh. 1.2 - 50. Exercises 48 and 49 are specific cases of the...Ch. 1.2 - Prob. 51ECh. 1.2 - Prob. 52ECh. 1.2 - Prob. 53ECh. 1.2 - Prob. 54ECh. 1.2 - the ninth pentagonal numbers SCh. 1.2 - 56. the seventh hexagonal number
Ch. 1.2 - 57. the tenth heptagonal number |
Ch. 1.2 - Prob. 58ECh. 1.2 - Prob. 59ECh. 1.2 - Prob. 60ECh. 1.2 - Prob. 61ECh. 1.2 - Prob. 62ECh. 1.2 - Prob. 63ECh. 1.2 - Prob. 64ECh. 1.2 - Prob. 65ECh. 1.2 - Prob. 66ECh. 1.2 - Prob. 67ECh. 1.2 - 68. The 36th term of 8, 38, 68, 98,...
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 - Prob. 79ECh. 1.2 - Prob. 80ECh. 1.2 - Prob. 81ECh. 1.2 - Prob. 82ECh. 1.3 - Broken Elevator A man enters a building on the...Ch. 1.3 - Use the various problem-solving strategies to...Ch. 1.3 - Do You Have a Match? Move 4 of the matches in the...Ch. 1.3 - Sudoku Sudoku is an puzzle that requires the...Ch. 1.3 - Use the various problem-solving strategies to...Ch. 1.3 - A Real Problem We are given the following...Ch. 1.3 - How Old Is Mommy? A mother has two children whose...Ch. 1.3 - An Alarming Situation You have three alarms in...Ch. 1.3 - Laundry Day Every Monday evening, a mathematics...Ch. 1.3 - Pick an Envelope Three envelopes contain a total...Ch. 1.3 - Class Members A classroom contains an equal number...Ch. 1.3 - Prob. 12ECh. 1.3 - Missing Digit Look for a pattern and find the...Ch. 1.3 - 14. Abundancy An integer is abundant if the sum...Ch. 1.3 - Cross-Country Competition The schools in an...Ch. 1.3 - Gone Fishing Four friends go fishing one day and...Ch. 1.3 - Cutting a Square in Half In how many ways can a...Ch. 1.3 - You Lie! Max, Sam, and Brett were playing...Ch. 1.3 - Bookworm Snack A 26-volume encyclopedia (one for...Ch. 1.3 - Pick a Card, Any Card Three face cards from an...Ch. 1.3 - 21. Catwoman’s Cats If you ask Batman’s nemesis,...Ch. 1.3 - Pencil Collection Bob gave four-fifths of his...Ch. 1.3 - Adding Gasoline The gasoline gauge on a van...Ch. 1.3 - 24. Gasoline Tank Capacity When 6 gallons of...Ch. 1.3 - Number Pattern What is the relationship between...Ch. 1.3 - 26. Locking Boxes You and I each have one lock and...Ch. 1.3 - 27. Number in a Sequence In the sequence 16, 80,...Ch. 1.3 - Unknown Number Cindy was asked by her teacher to...Ch. 1.3 - 29. Unfolding and Folding a Box An unfolded box is...Ch. 1.3 - Prob. 30ECh. 1.3 - Labeling Boxes You are working in a store that has...Ch. 1.3 - Mr. Greens Age At his birthday party, Mr. Green...Ch. 1.3 - 33. Sum of Hidden Dots on Dice Three dice with...Ch. 1.3 - 34. Age of the Bus Driver Today is your first day...Ch. 1.3 - 35. Matching Triangles and Squares How can you...Ch. 1.3 - 36. Forming Perfect Square Sums How must one place...Ch. 1.3 - Difference Triangle Balls numbered 1 through 6 are...Ch. 1.3 - Clock Face By drawing two straight lines, divide...Ch. 1.3 - Alphametric If a, b, and c are digits for which...Ch. 1.3 - Perfect Square Only one of these numbers is a...Ch. 1.3 - Sleeping on the Way to Grandmas House While...Ch. 1.3 - Buckets of Water You have brought two unmarked...Ch. 1.3 - Counting Puzzle (Rectangles) How many rectangles...Ch. 1.3 - Digit Puzzle Place each of the digits 1, 2, 3, 4,...Ch. 1.3 - 45. Palindromic Number (Note: A palindromic number...Ch. 1.3 - 46. How Much Is That Doggie in the Window? A man...Ch. 1.3 - Final Digits of a Power of 7 What are the final...Ch. 1.3 - 48. Units Digit of a Power of 3 If you raise 3 to...Ch. 1.3 - Summing the Digits When 10 - 50 is expressed as a...Ch. 1.3 - 50. Frog Climbing up a Well A frog is at the...Ch. 1.3 - 51. Units Digit of a Power of 7 What is the units...Ch. 1.3 - Prob. 52ECh. 1.3 - Going Postal Joanie wants to mail a package that...Ch. 1.3 - 54. Counting Puzzle (Squares) How many squares are...Ch. 1.3 - Matching Socks A drawer contains 20 black socks...Ch. 1.3 - Prob. 56ECh. 1.3 - 57. Perfect Number A perfect number is a counting...Ch. 1.3 - Naming Children Beckys mother has three daughters....Ch. 1.3 - 59. Growth of a Lily Pad A lily pad grows so that...Ch. 1.3 - Prob. 60ECh. 1.3 - Prob. 61ECh. 1.3 - Prob. 62ECh. 1.3 - Adam and Eves Assets Eve said to Adam, If you give...Ch. 1.3 - Prob. 64ECh. 1.3 - Prob. 65ECh. 1.3 - Prob. 66ECh. 1.3 - Prob. 67ECh. 1.3 - Prob. 68ECh. 1.3 - 69. Pitches in a Baseball Game What is the minimum...Ch. 1.3 - 70. Weighing Coins You have eight coins. Seven are...Ch. 1.3 - 71. Geometry Puzzle When the diagram shown is...Ch. 1.3 - Prob. 72ECh. 1.3 - Prob. 73ECh. 1.3 - Prob. 74ECh. 1.3 - 75. Paying for a Mint Brian has an unlimited...Ch. 1.3 - Prob. 76ECh. 1.3 - Prob. 77ECh. 1.3 - Prob. 78ECh. 1.3 - Prob. 79ECh. 1.3 - Prob. 80ECh. 1.3 - Prob. 81ECh. 1.3 - Making Change Webster has some pennies, dimes, and...Ch. 1.4 - 39.7+(8.24.1)Ch. 1.4 - Prob. 2ECh. 1.4 - Prob. 3ECh. 1.4 - Prob. 4ECh. 1.4 - Prob. 5ECh. 1.4 - Prob. 6ECh. 1.4 - Prob. 7ECh. 1.4 - Prob. 8ECh. 1.4 - 5.765Ch. 1.4 - Prob. 10ECh. 1.4 - Prob. 11ECh. 1.4 - Prob. 12ECh. 1.4 - Prob. 13ECh. 1.4 - Prob. 14ECh. 1.4 - Prob. 15ECh. 1.4 - Prob. 16ECh. 1.4 - Prob. 17ECh. 1.4 - Prob. 18ECh. 1.4 - Prob. 19ECh. 1.4 - Prob. 20ECh. 1.4 - Prob. 21ECh. 1.4 - Prob. 22ECh. 1.4 - Prob. 23ECh. 1.4 - Prob. 24ECh. 1.4 - Prob. 25ECh. 1.4 - Prob. 26ECh. 1.4 - Prob. 27ECh. 1.4 - Prob. 28ECh. 1.4 - Prob. 29ECh. 1.4 - Prob. 30ECh. 1.4 - Prob. 31ECh. 1.4 - Prob. 32ECh. 1.4 - Find the decimal representation of 16 on your...Ch. 1.4 - Prob. 34ECh. 1.4 - 35. Choose any digit except 0. Multiply it by 429....Ch. 1.4 - Prob. 36ECh. 1.4 - 37. Pages to Store Trading Cards A plastic page...Ch. 1.4 - Prob. 38ECh. 1.4 - Prob. 39ECh. 1.4 - Prob. 40ECh. 1.4 - Price per Acre of Land To build a millennium clock...Ch. 1.4 - Prob. 42ECh. 1.4 - In Exercises 41-46, use estimation to determine...Ch. 1.4 - 44. Revolutions of Mercury The planet Mercury...Ch. 1.4 - Reception Average In 2013, A. J. Green of the...Ch. 1.4 - Prob. 46ECh. 1.4 - Foreign-Born Americans Approximately 37.5 million...Ch. 1.4 - Prob. 48ECh. 1.4 - Prob. 49ECh. 1.4 - Prob. 50ECh. 1.4 - Prob. 51ECh. 1.4 - Prob. 52ECh. 1.4 - Prob. 53ECh. 1.4 - Describe the change from 2004 to 2010. U.S. Car...Ch. 1.4 - Prob. 55ECh. 1.4 - Prob. 56ECh. 1.4 - Prob. 57ECh. 1.4 - Prob. 58ECh. 1.4 - Prob. 59ECh. 1.4 - The Simpsons The longest-running animated...Ch. 1.4 - Donald in Mathmagic Land One of the most popular...Ch. 1.4 - Prob. 62ECh. 1 - In Exercises 1 and 2 decide whether the reasoning...Ch. 1 - In Exercises 1 and 2, decide whether the reasoning...Ch. 1 - Counting Puzzle (Rectangles) How many rectangles...Ch. 1 - Use the list of equations and inductive reasoning...Ch. 1 - Use the method of successive differences to find...Ch. 1 - Find the sum 1+2+3++250.Ch. 1 - 7 Consider the following equations, where the left...Ch. 1 - Use the result of Exercise 7 and the method of...Ch. 1 - 9 Describe the pattern used to obtain the terms of...Ch. 1 - Use problem-solving strategies to solve each...Ch. 1 - Units Digit of a Power of 9 What is the units...Ch. 1 - Counting Puzzle (Triangles) How many triangles are...Ch. 1 - Make Them Equal Consider the following...Ch. 1 - Prob. 14TCh. 1 - 15 Units Digit of a Sum Find the units digit (ones...Ch. 1 - Prob. 16TCh. 1 - Prob. 17TCh. 1 - Use your calculator to evaluate each of the...Ch. 1 - Prob. 19TCh. 1 - Unemployment Rate The line graph shows the overall...
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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
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