EP USING+UNDERSTANDING MATH.-18 WK.ACC.
7th Edition
ISBN: 9780135961216
Author: Bennett
Publisher: PEARSON CO
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 1.C, Problem 62E
Two-Circle Venn Diagram with Numbers. Use the Venn diagram to answer the following questions.
a. How many men at the party are not under 30?
b. How many women are at the party?
c. How many women at the party are under 30?
d. How many people at the party are not under 30?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
No chatgpt pls will upvote
Let
2
A =
4
3
-4
0
1
(a) Show that v =
eigenvalue.
()
is an eigenvector of A and find the corresponding
(b) Find the characteristic polynomial of A and factorise it. Hint: the answer to (a)
may be useful.
(c) Determine all eigenvalues of A and find bases for the corresponding eigenspaces.
(d) Find an invertible matrix P and a diagonal matrix D such that P-¹AP = D.
(c) Let
6
0 0
A =
-10 4 8
5 1 2
(i) Find the characteristic polynomial of A and factorise it.
(ii) Determine all eigenvalues of A and find bases for the corresponding
eigenspaces.
(iii) Is A diagonalisable? Give reasons for your answer.
Chapter 1 Solutions
EP USING+UNDERSTANDING MATH.-18 WK.ACC.
Ch. 1.A - Prob. 1QQCh. 1.A - A fallacy is a. a statement that is untrue. b. a...Ch. 1.A - Which of the following could not qualify as a...Ch. 1.A - An argument in which the conclusion essentially...Ch. 1.A - The fallacy of appeal to ignorance occurs when a....Ch. 1.A - Consider the argument ‘‘I don’t support the...Ch. 1.A - Consider again the argument ‘‘I don’t support the...Ch. 1.A - Prob. 8QQCh. 1.A - Suppose that the fact that an event A occurs...Ch. 1.A - When we speak of a straw man in an argument, we...
Ch. 1.A - What is logic? Briefly explain how logic can be...Ch. 1.A - How do we define an argument? What is the basic...Ch. 1.A - What is a fallacy? Choose three examples of...Ch. 1.A - Prob. 4ECh. 1.A - Prob. 5ECh. 1.A - I persuaded my father that I was right with a...Ch. 1.A - I didn’t believe the premises on which he based...Ch. 1.A - Prob. 8ECh. 1.A - I disagree with your conclusion, so your argument...Ch. 1.A - Even though your argument contains a fallacy, your...Ch. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - 11-20: Analyzing Fallacies. Consider the following...Ch. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - 11-20: Analyzing Fallacies. Consider the following...Ch. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - Prob. 16ECh. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - Prob. 18ECh. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - Prob. 20ECh. 1.A - Media Claims. Each of the following claims can...Ch. 1.A - Prob. 22ECh. 1.A - Prob. 23ECh. 1.A - Prob. 24ECh. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Prob. 29ECh. 1.A - Prob. 30ECh. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - Prob. 32ECh. 1.A - Prob. 33ECh. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Prob. 36ECh. 1.A - Prob. 37ECh. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - Prob. 41ECh. 1.A - Prob. 42ECh. 1.A - Additional Fallacies. Consider the blowing...Ch. 1.A - Additional Fallacies. Consider the blowing...Ch. 1.A - Evaluating Media Information. Choose a current...Ch. 1.A - Snopes. Visit the Snopes.com website and choose...Ch. 1.A - Prob. 47ECh. 1.A - Prob. 48ECh. 1.A - Fallacies in Politics. Discuss the tactics used by...Ch. 1.A - Prob. 50ECh. 1.A - 51. Comment Fallacies. The “reader comments” that...Ch. 1.A - 52. Fake News Sites. Visit a fake news site that...Ch. 1.B - The statement Mathematics is fun is a. an...Ch. 1.B - Suppose you know the truth value of a proposition...Ch. 1.B - Which of the following has the form of a...Ch. 1.B - Suppose you want to make a truth table for the...Ch. 1.B - Suppose the statement p or q is true. Then you can...Ch. 1.B - Suppose the statement p is false and the statement...Ch. 1.B - The statement If it’s a dog, then it is a mammal...Ch. 1.B - The statement If the engine is running, then the...Ch. 1.B - Two statements are logically equivalent if a. they...Ch. 1.B - Prob. 10QQCh. 1.B - What is a proposition? Give a few examples, and...Ch. 1.B - What do we mean by the negation of a proposition?...Ch. 1.B - Define conjunction, disjunction, and conditional,...Ch. 1.B - 4. What is the difference between an inclusive or...Ch. 1.B - 5. Make a truth table for each of the following: p...Ch. 1.B - Prob. 6ECh. 1.B - 7. My logical proposition is a question that you...Ch. 1.B - The mayor opposes repealing the ban on handguns,...Ch. 1.B - Prob. 9ECh. 1.B - Prob. 10ECh. 1.B - Prob. 11ECh. 1.B - Prob. 12ECh. 1.B - Prob. 13ECh. 1.B - Prob. 14ECh. 1.B - 13-18: A proposition? Determine whether the...Ch. 1.B - Prob. 16ECh. 1.B - Prob. 17ECh. 1.B - Prob. 18ECh. 1.B - Negation. Write the negation of the given...Ch. 1.B - Prob. 20ECh. 1.B - Prob. 21ECh. 1.B - Prob. 22ECh. 1.B - Prob. 23ECh. 1.B - Multiple Negations. Explain the meaning of the...Ch. 1.B - Prob. 25ECh. 1.B - Multiple Negations. Explain the meaning of the...Ch. 1.B - Prob. 27ECh. 1.B - Multiple Negations. Explain the meaning of the...Ch. 1.B - Truth Tables. Make a truth table for the given...Ch. 1.B - Prob. 30ECh. 1.B - Prob. 31ECh. 1.B - And Statements. The following propositions have...Ch. 1.B - Prob. 33ECh. 1.B - And Statements. The following statements have the...Ch. 1.B - Prob. 35ECh. 1.B - 31-36: And Statements. The following statements...Ch. 1.B - Truth Tables. Make a truth table for the given...Ch. 1.B - 37-38: Truth Tables. Make a truth table for the...Ch. 1.B - Prob. 39ECh. 1.B - 39-44: Interpreting or. State whether or is used...Ch. 1.B - Prob. 41ECh. 1.B - Interpreting or. State whether or is used in the...Ch. 1.B - 39-44: Interpreting or. State whether or is used...Ch. 1.B - Interpreting or. State whether or is used in the...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Prob. 50ECh. 1.B - Prob. 51ECh. 1.B - Prob. 52ECh. 1.B - Prob. 53ECh. 1.B - Prob. 54ECh. 1.B - Prob. 55ECh. 1.B - 51-56: Or Statements. The following statements...Ch. 1.B - 57-58: Truth Tables. Make a truth table for the...Ch. 1.B - 57-58: Truth Tables. Make a truth table for the...Ch. 1.B - Prob. 59ECh. 1.B - Prob. 60ECh. 1.B - Prob. 61ECh. 1.B - Prob. 62ECh. 1.B - If... then Statements. Identify the hypothesis and...Ch. 1.B - Prob. 64ECh. 1.B - Prob. 65ECh. 1.B - If... then Statements. Identify the hypothesis and...Ch. 1.B - Rephrasing Conditional Statements. Express the...Ch. 1.B - 67-72: Rephrasing Conditional Statements. Express...Ch. 1.B - 67-72: Rephrasing Conditional Statements. Express...Ch. 1.B - 67-72: Rephrasing Conditional Statements. Express...Ch. 1.B - Prob. 71ECh. 1.B - Prob. 72ECh. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Prob. 76ECh. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Prob. 79ECh. 1.B - Prob. 80ECh. 1.B - 79-82: Famous Quotes. Rephrase the following...Ch. 1.B - 79-82: Famous Quotes. Rephrase the following...Ch. 1.B - 83-87: Writing Conditional Propositions. Create...Ch. 1.B - Prob. 84ECh. 1.B - Writing Conditional Propositions. Create your own...Ch. 1.B - 83-87: Writing Conditional Propositions. Create...Ch. 1.B - 83-87: Writing Conditional Propositions. Create...Ch. 1.B - Prob. 88ECh. 1.B - Necessary and Sufficient. Write the following...Ch. 1.B - Necessary and Sufficient. Write the following...Ch. 1.B - Prob. 91ECh. 1.B - 89-92: Necessary and Sufficient. Write the...Ch. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Prob. 96ECh. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Prob. 98ECh. 1.B - Prob. 99ECh. 1.B - Prob. 100ECh. 1.B - Prob. 101ECh. 1.B - Prob. 102ECh. 1.C - Consider the set {Alabama, Alaska, Arizona,…,...Ch. 1.C - Which of the following is not a member of the set...Ch. 1.C - Based on the Venn diagram below, we conclude that...Ch. 1.C - Suppose that A represents the set of all boys and...Ch. 1.C - Suppose that A represents the set of all apples...Ch. 1.C - Suppose that A represents the set of all high...Ch. 1.C - In the Venn diagram below, the X tells us that a....Ch. 1.C - Prob. 8QQCh. 1.C - Consider again the Venn diagram from Exercise 8....Ch. 1.C - Look at the data in Table 1.1 (p.34). The total...Ch. 1.C - Prob. 1ECh. 1.C - What is a Venn diagram? How do we show that one...Ch. 1.C - List the four standard categorical propositions....Ch. 1.C - Briefly discuss how you can put a categorical...Ch. 1.C - Explain how to draw a Venn diagram for three...Ch. 1.C - 6. Explain how to read a table such as Table 1.1...Ch. 1.C - The people who live in Chicago form a subset of...Ch. 1.C - All jabbers are wocks, so there must be no wocks...Ch. 1.C - I counted an irrational number of students in my...Ch. 1.C - I surveyed my class to find out whether students...Ch. 1.C - My professor asked me to draw a Venn diagram for a...Ch. 1.C - I used a Venn diagram with three circles to show...Ch. 1.C - Classifying Numbers. Choose the first set in the...Ch. 1.C - Prob. 14ECh. 1.C - Classifying Numbers. Choose the first set in the...Ch. 1.C - Prob. 16ECh. 1.C - 13-28: Classifying Numbers. Choose the first set...Ch. 1.C - 13-28: Classifying Numbers. Choose the first set...Ch. 1.C - 13-28: Classifying Numbers. Choose the first set...Ch. 1.C - Prob. 20ECh. 1.C - Prob. 21ECh. 1.C - Prob. 22ECh. 1.C - Prob. 23ECh. 1.C - Prob. 24ECh. 1.C - Prob. 25ECh. 1.C - Prob. 26ECh. 1.C - Prob. 27ECh. 1.C - Prob. 28ECh. 1.C - Prob. 29ECh. 1.C - Prob. 30ECh. 1.C - Prob. 31ECh. 1.C - Prob. 32ECh. 1.C - Prob. 33ECh. 1.C - Prob. 34ECh. 1.C - Prob. 35ECh. 1.C - Prob. 36ECh. 1.C - Prob. 37ECh. 1.C - Prob. 38ECh. 1.C - Prob. 39ECh. 1.C - Venn Diagrams for Two Sets. Draw Venn diagrams...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - 45-52: Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Prob. 53ECh. 1.C - Prob. 54ECh. 1.C - Prob. 55ECh. 1.C - Prob. 56ECh. 1.C - Prob. 57ECh. 1.C - Prob. 58ECh. 1.C - Prob. 59ECh. 1.C - Prob. 60ECh. 1.C - Two-Circle Venn Diagram with Numbers. Use the Venn...Ch. 1.C - Two-Circle Venn Diagram with Numbers. Use the Venn...Ch. 1.C - Three-Circle Venn Diagram with Numbers. Use the...Ch. 1.C - Three-Circle Venn Diagram with Numbers. Use the...Ch. 1.C - Hospital Drug Use. The following numbers of...Ch. 1.C - Technology Survey. A survey of 150 college...Ch. 1.C - Venn Diagram Analysis. 67. A movie critic reviewed...Ch. 1.C - Venn Diagram Analysis. 68. All runners who...Ch. 1.C - Venn Diagram Analysis. 69. One hundred people who...Ch. 1.C - Venn Diagram Analysis. 70. In a trial of a new...Ch. 1.C - Prob. 71ECh. 1.C - Prob. 72ECh. 1.C - Prob. 73ECh. 1.C - Prob. 74ECh. 1.C - 86. Categorical Propositions. Find at least three...Ch. 1.C - Prob. 76ECh. 1.C - Prob. 77ECh. 1.C - Prob. 78ECh. 1.C - Prob. 79ECh. 1.C - Prob. 80ECh. 1.C - Prob. 81ECh. 1.C - State Politics. Find out how many states have a...Ch. 1.C - Prob. 83ECh. 1.D - To prove a statement true, you must use a. an...Ch. 1.D - If a deductive argument is valid, its conclusion...Ch. 1.D - Prob. 3QQCh. 1.D - 4. Consider an argument in which Premise 1 is "All...Ch. 1.D - 5. Consider again the argument from question 4....Ch. 1.D - Consider an argument in which Premise 1 is “ If p,...Ch. 1.D - 7. Consider an argument in which Premise 1 is “ If...Ch. 1.D - Prob. 8QQCh. 1.D - 9. The longest side of a right triangle is called...Ch. 1.D - Prob. 10QQCh. 1.D - Summarize the differences between deductive and...Ch. 1.D - Briefly explain the idea of strength and how it...Ch. 1.D - Briefly explain the ideas of validity and...Ch. 1.D - Describe the procedure used to test the validity...Ch. 1.D - Prob. 5ECh. 1.D - What is a chain of conditionals? Give an example...Ch. 1.D - Prob. 7ECh. 1.D - Prob. 8ECh. 1.D - 9. My inductive argument provides absolute proof...Ch. 1.D - Prob. 10ECh. 1.D - 11. My argument is deductively valid, so if you...Ch. 1.D - Prob. 12ECh. 1.D - Prob. 13ECh. 1.D - Prob. 14ECh. 1.D - Prob. 15ECh. 1.D - Prob. 16ECh. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Prob. 22ECh. 1.D - Prob. 23ECh. 1.D - Prob. 24ECh. 1.D - Prob. 25ECh. 1.D - Prob. 26ECh. 1.D - Prob. 27ECh. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Prob. 30ECh. 1.D - 29-36: Analyzing Deductive Arguments. Consider the...Ch. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Prob. 35ECh. 1.D - Prob. 36ECh. 1.D - Prob. 37ECh. 1.D - 37-44: Deductive Arguments with Conditional...Ch. 1.D - 37-44: Deductive Arguments with Conditional...Ch. 1.D - 37-44: Deductive Arguments with Conditional...Ch. 1.D - Prob. 41ECh. 1.D - Prob. 42ECh. 1.D - Prob. 43ECh. 1.D - Deductive Arguments with Conditional Propositions....Ch. 1.D - Prob. 45ECh. 1.D - Prob. 46ECh. 1.D - Prob. 47ECh. 1.D - Prob. 48ECh. 1.D - Prob. 49ECh. 1.D - Prob. 50ECh. 1.D - Testing Mathematical Rules. Test the following...Ch. 1.D - It is true for all positive integers n that...Ch. 1.D - 53-57: Validity and Soundness. State whether it is...Ch. 1.D - 53-57: Validity and Soundness. State whether it is...Ch. 1.D - Prob. 55ECh. 1.D - Prob. 56ECh. 1.D - Validity and Soundness. State whether it is...Ch. 1.D - Prob. 58ECh. 1.D - Prob. 59ECh. 1.D - Prob. 60ECh. 1.D - Prob. 61ECh. 1.D - Prob. 62ECh. 1.D - Conditionals in Books. Consider the following...Ch. 1.D - Prob. 64ECh. 1.D - 63-66: Conditionals in Books. Consider the...Ch. 1.D - 63-66: Conditionals in Books. Consider the...Ch. 1.D - 62. The Goldbach Conjecture. Recall that a prime...Ch. 1.D - Twin Primes Conjecture. If you write out the first...Ch. 1.D - The Pythagorean Theorem. Learn more about the...Ch. 1.D - Prob. 70ECh. 1.D - 69. Inductive Reasoning in Your Life. Give an...Ch. 1.D - Prob. 72ECh. 1.D - Prob. 73ECh. 1.D - Prob. 74ECh. 1.E - What does it mean to think critically about the...Ch. 1.E - "If you want to save the social services that...Ch. 1.E - 2. Suppose that an argument is deductively valid...Ch. 1.E - 9. A teacher claims that, because spell checkers...Ch. 1.E - 3. You need to buy a car and are considering loans...Ch. 1.E - 4. You get your hair cut at a shop that charges...Ch. 1.E - You buy a cell phone plan that gives you up to...Ch. 1.E - Prob. 8QQCh. 1.E - Prob. 9QQCh. 1.E - The Smiths have a picnic every Saturday provided t...Ch. 1.E - Describe critical thinking and why it is important...Ch. 1.E - Prob. 2ECh. 1.E - Prob. 3ECh. 1.E - Prob. 4ECh. 1.E - Reed was relieved because his insurance company...Ch. 1.E - 6. Although the plane crashed in Nevada, the...Ch. 1.E - Sue prefers the Red shuttle because it gets her to...Ch. 1.E - Prob. 8ECh. 1.E - There was no price difference, so Michael chose...Ch. 1.E - Prob. 10ECh. 1.E - Prob. 11ECh. 1.E - Interpreting Policies. A city charters sole policy...Ch. 1.E - Reading a Ballot Initiative. Consider the...Ch. 1.E - Prob. 14ECh. 1.E - Hidden Assumptions. Identify at least two hidden...Ch. 1.E - Prob. 16ECh. 1.E - Hidden Assumptions. Identify at least two hidden...Ch. 1.E - Hidden Assumptions. Identify at least two hidden...Ch. 1.E - 29-30: Unstated Issues. The following arguments...Ch. 1.E - Unstated Issues. The following arguments give...Ch. 1.E - Airline Options. In planning a trip to New Zealand...Ch. 1.E - Buy vs. Lease. You are deciding whether to buy a...Ch. 1.E - You've Won! You receive the following e-mail...Ch. 1.E - Reading a Lease. Consider the following excerpt...Ch. 1.E - Prob. 25ECh. 1.E - Prob. 26ECh. 1.E - Prob. 27ECh. 1.E - 27-28. Fake News. The following are fake news...Ch. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - Prob. 30ECh. 1.E - Prob. 31ECh. 1.E - Prob. 32ECh. 1.E - Prob. 33ECh. 1.E - Prob. 34ECh. 1.E - Prob. 35ECh. 1.E - Prob. 36ECh. 1.E - Prob. 37ECh. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - Decision Making. Analyze the situations. and...Ch. 1.E - Prob. 42ECh. 1.E - Prob. 43ECh. 1.E - Prob. 44ECh. 1.E - IRS Guidelines on Who Must File a Federal Tax...Ch. 1.E - Prob. 46ECh. 1.E - Credit Card Agreement. The following rules are...Ch. 1.E - Prob. 48ECh. 1.E - Texas Ethics. In its Guide to Ethics the Texas...Ch. 1.E - Prob. 50ECh. 1.E - 50-54: Critical Thinking. Consider the following...Ch. 1.E - 57-65: Critical Thinking. Consider the following...Ch. 1.E - 50-54: Critical Thinking. Consider the following...Ch. 1.E - Prob. 54ECh. 1.E - Prob. 55ECh. 1.E - Interpreting the Second Amendment. Much of the...Ch. 1.E - Prob. 57ECh. 1.E - Prob. 58ECh. 1.E - Prob. 59ECh. 1.E - Prob. 60ECh. 1.E - Prob. 61ECh. 1.E - Conspiracy Theories. Choose some well-known...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Drapers' Bank offers loans and deposits with interest rate 5% compounded monthly. (a) If you deposit £5,000 in a Drapers' Bank account, how much money will be in your account 4 years from now? Enter your answer correct to the nearest pound. Answer: (b) What is the effective interest rate of a Drapers' Bank account? Enter your answer as a percentage correct to 3 significant digits. Answer: (c) Drapers' Bank gives you a loan of £60,000 to start a new company under the condition that you pay back the loan in monthly instalments of EC to be paid at the end of each month over the next 5 years, starting at the end of this month. Determine the value of C and enter it correct to the nearest pound. Answer:arrow_forwardmost 2, and let Let P2 denote the vector space of polynomials of degree at D: P2➡ P2 be the transformation that sends a polynomial p(t) = at² + bt+c in P2 to its derivative p'(t) 2at+b, that is, D(p) = p'. (a) Prove that D is a linear transformation. (b) Find a basis for the kernel ker(D) of the linear transformation D and compute its nullity. (c) Find a basis for the image im(D) of the linear transformation D and compute its rank. (d) Verify that the Rank-Nullity Theorem holds for the linear transformation D. (e) Find the matrix representation of D in the standard basis (1,t, t2) of P2.arrow_forwardThe Mason group has a liability of £200,000 to be paid in 14 years' time. It wants to Redington immunise these liabilities with assets consisting of amount P in a bank and Q 18-year zero coupon bonds, with P and Q to be determined. Interest is compounded monthly at rate 8%. (a) Answer: What is the present value of the liability? Enter your answer correct to the nearest pound. (b) What is the duration of the liability? Enter your answer correct to 3 significant digits. Answer: (c) What is the convexity of the liability? Enter your answer correct to 3 significant digits. Answer: (d) Write down the two equations that P and Q need to satisfy for Redington immunisation to hold and solve these equations for P and Q. Enter the answers correct to the nearest pound. Answers: P= Q= (e) What is the convexity of the assets in this case? Enter your answer correct to 3 significant digits. Answer: (f) Is the convexity condition that is necessary for Redington immunisation satisfied in this case?…arrow_forward
- Dr Fogg is quoted the following market prices VT for T-year unit zero-coupon bonds as well as the fair forward rate V3 = 0.95 and V9 = 0.7 f3.5 = 4%. (a) Determine the spot rate $3. Enter your answer as a percentage correct to 3 significant digits. Answer: (b) Answer: (c) Answer: (d) Determine the spot rate s9. Enter your answer as a percentage correct to 3 significant digits. Find the fair forward rate f3,9. Enter your answer as a percentage correct to 3 significant digits. Dr Fogg wants to sign a forward contract to buy 20kg of tea in 5 years' time. The current price of tea is £2.7 per kg. Find the fair forward price of this contract. Enter your answer correct to the nearest penny. Answer:arrow_forward(c) Let A = -1 3 -4 12 3 3 -9 (i) Find bases for row(A), col(A) and N(A). (ii) Determine the rank and nullity of A, and verify that the Rank-Nullity Theorem holds for the above matrix A.arrow_forwardSuppose that the price S(t) in year t of stocks of Bancroft & Sons is modelled by a stochastic process which has a risk-neutral distribution at time t = 3 given by £120 with probability 0.3, S(3): = £140 with probability 0.5, £160 with probability 0.2. Assume that interest is compounded continuously at nominal rate 2%. (a) Assuming no-arbitrage, determine the current price S(0) of Bancroft & Sons stock. Enter your answer correct to the nearest pound. Answer: (b) Determine the no-arbitrage price of a European put option on Bancroft & Sons stock with strike 150 and expiry 3 years. Enter your answer correct to the nearest pound. Answer:arrow_forward
- A 2-year bond with face value £300,000 is redeemable at half-par and has semi-annual coupons paid at annual rate 4%. Suppose that interest is compounded quarterly at nominal rate 3%. (a) Answer: What is the amount of the first payment? (b) What is the amount of the last payment? Answer: (c) Determine the no-arbitrage price of the bond. Enter your answer correct to the nearest pound. Answer: (d) Determine the duration of the cash flow generated by the bond. Enter your answer correct to 3 significant digits. Answer:arrow_forwardTick all statements which are correct, but do not tick those that are incorrect. a. A forward contract gives you the right but not the obligation to buy a certain product at a specified time in the future for a fixed price. b. An American put option should always be exercised before its expiry time. C. The price of a put option and of a call option with the same expiration time and strike price can never be the same. d. If there is a sporting event with 3 different outcomes with corresponding odds equal to o₁ = 2,02 = 2, and 03 = opportunity for a suitable betting strategy. = 3, then there is an arbitrage e. If there is arbitrage, then a risk-neutral distribution exists.arrow_forward-(0)-(0)-(0) X1 = x2 = x3 = 1 (a) Show that the vectors X1, X2, X3 form a basis for R³. y= (b) Find the coordinate vector [y] B of y in the basis B = (x1, x2, x3).arrow_forward
- Let A 1 - 13 (1³ ³) 3). (i) Compute A2, A3, A4. (ii) Show that A is invertible and find A-¹.arrow_forwardProve that the image of a polygon in R², under an isometry, is congruent to the original polygonarrow_forwardLet H = {(a a12 a21 a22, | a1 + a2 = 0} . € R²x²: a11 + a22 (i) Show that H is a subspace of R2×2 (ii) Find a basis of H and determine dim H.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningAlgebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningMathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,
Maths - Geometry - What is an Angle - English; Author: Bodhaguru;https://www.youtube.com/watch?v=bsuDcCjFq6c;License: Standard YouTube License, CC-BY
What is an Angle? | Different Types of Angles | Geometry | Math | LetsTute; Author: Let'stute;https://www.youtube.com/watch?v=aGejx2fRCHU;License: Standard Youtube License