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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Textbook Question
Chapter 15.1, Problem 16E
Applying Four Voting Methods to a Voter Profile For each of Exercises 11-18, determine the election winner using the
(a) plurality method
(b) pairwise comparison method
(c) Borda method
(d) Hare method.
In Exercises 11 and 12, a 13-member committee is selecting a chairperson. The 3 candidates are
Amy a, Byron b, and Cory c.
Each committee member completely ranked the candidates on a separate ballot. Determine the selected chairperson.
| Number of Voters | Ranking |
| 3 | e > h > g > j |
| 6 | h>e>g>j |
| 5 | j > g > e > h |
| 4 | g > e > h > j |
| 3 | j>e>h>g |
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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…
What is the standard scores associated to the left of z is 0.1446
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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