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 15, Problem 11T
To determine
Whether the majority criterion is violated for the provided voter
The winner of majority first place votes is ‘a’, whereas the winner by Borda method is ‘b’ and the voter profile are,
| Number of voters | Ranking |
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Students have asked these similar questions
choose true options in these from given question
a) always full and always crossing.
b) always full and sometimes crossing.
c) always full and never crossing.
d) sometimes full and always crossing.
e) sometimes full and sometimes crossing.
f) sometimes full and never crossing.
g) never full and always crossing.
h) never full and sometimes crossing.
i) never full and never crossing.
At a Noodles & Company restaurant, the probability that a customer will order a nonalcoholic beverage is 0.49. Find the probability that in a sample of 13 customers, at least 7 will order a nonalcoholic beverage
10. In the general single period market model with = {W1, W2, W3}, one risky asset, S, and
a money market account, we have So = 4 for the risky asset. Moreover, the effective
rate of interest on the money market account is 5% and at time t = 1 we have
W1
W2 W3
S₁
100 50 40
21
21
21
(a) Calculate all risk-neutral probability measures for this model. [4 Marks]
(b) State if the model is arbitrage-free. Give a brief reason for your answer. [2 Marks]
(c) A large bank has designed an investment product with payoff X at time t = 1.
Given
W₁
W2
W3
X
0
1
1.5
show that X is an attainable contingent claim. [4 marks]
Chapter 15 Solutions
Mathematical Ideas (13th Edition) - Standalone book
Ch. 15.1 - Choosing a Poster Dog by the Plurality Method A...Ch. 15.1 - Choosing a Poster Dog by the Plurality Method A...Ch. 15.1 - Choosing a Poster Dog by Alternative Methods For...Ch. 15.1 - Choosing a Poster Dog by Alternative MethodsFor...Ch. 15.1 - Observing the Effect of the Number of Candidates...Ch. 15.1 - Observing the Effect of the Number of Candidates...Ch. 15.1 - Observing the Effect of the Number of Candidates...Ch. 15.1 - Observing the Effect of the Number of Candidates...Ch. 15.1 - Observing the Effect of the Number of Candidates...Ch. 15.1 - Observing the Effect of the Number of Candidates...
Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Applying Four Voting Methods to a Voter Profile...Ch. 15.1 - Holding a Runoff Election One common solution to...Ch. 15.1 - Prob. 20ECh. 15.1 - Prob. 21ECh. 15.1 - Prob. 22ECh. 15.1 - Prob. 23ECh. 15.1 - Prob. 24ECh. 15.1 - Prob. 25ECh. 15.1 - Prob. 26ECh. 15.1 - Prob. 27ECh. 15.1 - The Pairwise Comparison Method Each table...Ch. 15.1 - Prob. 29ECh. 15.1 - Prob. 30ECh. 15.1 - The Borda Method Each table represents a Borda...Ch. 15.1 - Prob. 32ECh. 15.1 - Prob. 33ECh. 15.1 - Prob. 34ECh. 15.1 - Prob. 35ECh. 15.1 - Prob. 36ECh. 15.1 - The Coombs Method The Coombs method of voting is a...Ch. 15.1 - Prob. 38ECh. 15.1 - Prob. 39ECh. 15.1 - Prob. 40ECh. 15.2 - Identifying Violations of the Majority Criterion...Ch. 15.2 - Identifying Violations of the Majority Criterion...Ch. 15.2 - Identifying Violations of the Majority...Ch. 15.2 - Identifying Violations of the Majority Criterion...Ch. 15.2 - Identifying Violations of the Condorcet...Ch. 15.2 - Identifying Violations of the Condorcet Criterion...Ch. 15.2 - Identifying Violations of the Condorcet Criterion...Ch. 15.2 - Identifying Violations of the Condorcet Criterion...Ch. 15.2 - Prob. 9ECh. 15.2 - Prob. 10ECh. 15.2 - Prob. 11ECh. 15.2 - Prob. 12ECh. 15.2 - Prob. 13ECh. 15.2 - Prob. 14ECh. 15.2 - Prob. 15ECh. 15.2 - Prob. 16ECh. 15.2 - Prob. 17ECh. 15.2 - Prob. 18ECh. 15.2 - Prob. 19ECh. 15.2 - Irrelevant Alternatives in a Hare Method Election...Ch. 15.2 - 21. Explain why a violation of the majority...Ch. 15.2 - Prob. 22ECh. 15.2 - Prob. 23ECh. 15.2 - Prob. 24ECh. 15.2 - Prob. 25ECh. 15.2 - Prob. 26ECh. 15.2 - Prob. 27ECh. 15.2 - Prob. 28ECh. 15.2 - Prob. 29ECh. 15.2 - Prob. 30ECh. 15.2 - Prob. 31ECh. 15.2 - Prob. 32ECh. 15.2 - Prob. 33ECh. 15.2 - Prob. 34ECh. 15.3 - Find each quantity (to the nearest whole number)...Ch. 15.3 - Find each quantity (to the nearest whole number)...Ch. 15.3 - Find each quantity (to the nearest whole number)...Ch. 15.3 - Find each quantity (to the nearest whole number)...Ch. 15.3 - Solve each problem.
5. New Trees for Wisconsin...Ch. 15.3 - Apportioning Computers to Schools Enrollments for...Ch. 15.3 - Assigning Faculty to Courses The English...Ch. 15.3 - 8. Apportioning Sailboats to Resorts The number of...Ch. 15.3 - Prob. 9ECh. 15.3 - 10. Show that the Webster method apportionment of...Ch. 15.3 - Prob. 11ECh. 15.3 - Prob. 12ECh. 15.3 - Prob. 13ECh. 15.3 - Prob. 14ECh. 15.3 - Prob. 15ECh. 15.3 - Find the Huntington-Hill cutoff point for rounding...Ch. 15.3 - Creating a Profile of School Bus Riders Create a...Ch. 15.3 - Prob. 18ECh. 15.3 - Prob. 19ECh. 15.3 - Prob. 20ECh. 15.3 - The standard quotas rounded up to the nearest...Ch. 15.3 - Prob. 22ECh. 15.3 - Prob. 23ECh. 15.3 - Prob. 24ECh. 15.4 - Quota Rule Violations with the Jefferson Method In...Ch. 15.4 - Quota Rule Violations with the Jefferson Method In...Ch. 15.4 - Quota Rule Violations with the Jefferson Method In...Ch. 15.4 - Quota Rule Violations with the Jefferson Method In...Ch. 15.4 - Alabama Paradox with the Hamilton Method In each...Ch. 15.4 - Alabama Paradox with the Hamilton Method In each...Ch. 15.4 - Alabama Paradox with the Hamilton Method In each...Ch. 15.4 - Alabama Paradox with the Hamilton Method In each...Ch. 15.4 - Population Paradox with the Hamilton Method In...Ch. 15.4 - Population Paradox with the Hamilton Method In...Ch. 15.4 - Population Paradox with the Hamilton Method In...Ch. 15.4 - Population Paradox with the Hamilton Method In...Ch. 15.4 - New States Paradox with the Hamilton Method In...Ch. 15.4 - New States Paradox with the Hamilton Method In...Ch. 15.4 - New States Paradox with the Hamilton Method In...Ch. 15.4 - New States Paradox with the Hamilton Method In...Ch. 15.4 - Violations of the Quota Rule? For each...Ch. 15.4 - Violations of the Quota Rule? For each...Ch. 15.4 - Violations of the Quota Rule? For each...Ch. 15.4 - Prob. 20ECh. 15.4 - Prob. 21ECh. 15.4 - Prob. 22ECh. 15.4 - Prob. 23ECh. 15.4 - Prob. 24ECh. 15.4 - Prob. 25ECh. 15.4 - 26. The Jefferson and Adams methods are both...Ch. 15 - How many different complete rankings are possible...Ch. 15 - Prob. 2TCh. 15 - Prob. 3TCh. 15 - Prob. 4TCh. 15 - Prob. 5TCh. 15 - Why is the irrelevant alternatives criterion an...Ch. 15 - Prob. 7TCh. 15 - Prob. 8TCh. 15 - Prob. 9TCh. 15 - Prob. 10TCh. 15 - Prob. 11TCh. 15 - Prob. 12TCh. 15 - Prob. 13TCh. 15 - Prob. 14TCh. 15 - Prob. 15TCh. 15 - Prob. 16TCh. 15 - Prob. 17TCh. 15 - Prob. 18TCh. 15 - Prob. 19TCh. 15 - Prob. 20TCh. 15 - Prob. 21TCh. 15 - Prob. 22TCh. 15 - Prob. 23TCh. 15 - Prob. 24TCh. 15 - Prob. 25TCh. 15 - One hundred seats are to be apportioned to 4...Ch. 15 - Prob. 27TCh. 15 - Prob. 28TCh. 15 - Prob. 29TCh. 15 - Explain the Alabama paradox.Ch. 15 - Prob. 31TCh. 15 - Prob. 32T
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