Discrete Mathematics With Applications
5th Edition
ISBN: 9781337694193
Author: EPP, Susanna S.
Publisher: Cengage Learning,
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Chapter 2.2, Problem 8ES
To determine
The construction of truth tables for the given statement.
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2. A landlord is about to write a rental contract for a tenant which lasts T months. The
landlord first decides the length T > 0 (need not be an integer) of the contract, the
tenant then signs it and pays an initial handling fee of £100 before moving in. The
landlord collects the total amount of rent erT at the end of the contract at a continuously
compounded rate r> 0, but the contract stipulates that the tenant may leave before T,
in which case the landlord only collects the total rent up until the tenant's departure
time 7. Assume that 7 is exponentially distributed with rate > 0, λ‡r.
(i) Calculate the expected total payment EW the landlord will receive in terms of T.
(ii) Assume that the landlord has logarithmic utility U(w) = log(w - 100) and decides
that the rental rate r should depend on the contract length T by
r(T)
=
λ
√T
1
For each given λ, what T (as a function of X) should the landlord choose so as to
maximise their expected utility? Justify your answer.
Hint. It might be…
Please solving problem2
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.
Chapter 2 Solutions
Discrete Mathematics With Applications
Ch. 2.1 - An and statement is true when, and only when, both...Ch. 2.1 - An or statement is false when, and only when, both...Ch. 2.1 - Two statement forms are logically equivalent when,...Ch. 2.1 - De Morgan’s laws say (1) that the negation of an...Ch. 2.1 - A tautology is a statement that is always _____.Ch. 2.1 - A contradiction is a statement that is always...Ch. 2.1 - In eachof 1—4 represent the common form of each...Ch. 2.1 - In each of 1-4 represent the common form of each...Ch. 2.1 - In each of 1—4 represent the common form of each...Ch. 2.1 - In each of 1—4 represent the common form of each...
Ch. 2.1 - Indicate which of the following sentences are...Ch. 2.1 - Write the statements in 6-9 in symbolic form using...Ch. 2.1 - Write the statements in 6-9 in symbolic form using...Ch. 2.1 - Write the statements in 6-9 n symbolic form using...Ch. 2.1 - Write the statements in 6-9 in symbolic form using...Ch. 2.1 - Let p be the statement "DATAENDFLAG is off," q the...Ch. 2.1 - In the following sentence, is the word or used in...Ch. 2.1 - Write truth tables for the statement forms in...Ch. 2.1 - Write truth tables for the statement forms in...Ch. 2.1 - Write truth tables for the statement forms in...Ch. 2.1 - Write truth tables for the statement forms in...Ch. 2.1 - Determine whether the statement forms in 16—24 are...Ch. 2.1 - Determine whether the statement forms in 16-24 are...Ch. 2.1 - Determine whether the statement forms in 16—24 are...Ch. 2.1 - Determine whether the statement forms in 16—24 are...Ch. 2.1 - Determine whether the statement forms in 16—24 are...Ch. 2.1 - Determine whether the statement forms in 16-24 are...Ch. 2.1 - Determine whether the statement forms in 16-24 are...Ch. 2.1 - Determine whether the statement forms in 16-24 are...Ch. 2.1 - Determine whether the statement forms in 16-24 are...Ch. 2.1 - Use De Morgan’s laws to write negations for the...Ch. 2.1 - Use De Morgan’s laws to write negations for the...Ch. 2.1 - Use De Morgan’s laws to write negations for the...Ch. 2.1 - Use De Morgan’s laws to write negations for the...Ch. 2.1 - Use De Morgan’s laws to write negations for the...Ch. 2.1 - Use De Morgan’s laws to write negations for the...Ch. 2.1 - Prob. 31ESCh. 2.1 - Assume x is a particular real number and use De...Ch. 2.1 - Assume x is a particular real number and use De...Ch. 2.1 - Assume x is a particular real number and use De...Ch. 2.1 - Assume x is a particular real number and use De...Ch. 2.1 - Assume x is a particular real number and use De...Ch. 2.1 - Assume x is a particular real number and use De...Ch. 2.1 - In 38 and 39, imagine that num_orders and...Ch. 2.1 - In 38 and 39, imagine that num_orders and...Ch. 2.1 - Use truth to establish which of the statement...Ch. 2.1 - Use truth tables to establish which of the...Ch. 2.1 - Use truth to establish which of the statement...Ch. 2.1 - Use truth tables to establish which of the...Ch. 2.1 - Recall that axb means that ax and xb . Also ab...Ch. 2.1 - Determine whether the statements in (a) and (b)...Ch. 2.1 - Let the symbol denote exclusive or; so...Ch. 2.1 - In logic and in standard English, a double...Ch. 2.1 - In 48 and 49 below, a logical equivalence is...Ch. 2.1 - In 48 and 49 below, a logical equivalence is...Ch. 2.1 - Use Theorem 2.11 to verify the logical...Ch. 2.1 - Use theorem 2.11 to verify the logical...Ch. 2.1 - Use Theorem 2.11 to verify the logical...Ch. 2.1 - Use Theorem 2.11 to verify the logical...Ch. 2.1 - Use Theorem 2.11 to verify the logical...Ch. 2.2 - An if-then statement is false if, and only if, the...Ch. 2.2 - The negation of “if p then q” is _____Ch. 2.2 - The converse of”if p then q” is _______Ch. 2.2 - The contrapositive of “if p the q” is _________Ch. 2.2 - Prob. 5TYCh. 2.2 - A conditional statement and its contrapositive...Ch. 2.2 - Prob. 7TYCh. 2.2 - “R is a sufficient condition for S” means “if...Ch. 2.2 - “R is a necessary condition for S” means “if...Ch. 2.2 - Prob. 10TYCh. 2.2 - Rewrite the statements in 1-4 in if-then form.Ch. 2.2 - Rewrite the statements in 1-4 in if-then from. I...Ch. 2.2 - Rewrite the statements in 1-4 in if-then form....Ch. 2.2 - Prob. 4ESCh. 2.2 - Construct truth tables for the statements forms in...Ch. 2.2 - Construct truth tables for the statements forms in...Ch. 2.2 - Prob. 7ESCh. 2.2 - Prob. 8ESCh. 2.2 - Construct truth tables for the statements forms in...Ch. 2.2 - Prob. 10ESCh. 2.2 - Prob. 11ESCh. 2.2 - Use the logical equivalence established in Example...Ch. 2.2 - Prob. 13ESCh. 2.2 - Show that the following statement forms are all...Ch. 2.2 - Determine whether the following statement forms...Ch. 2.2 - Prob. 16ESCh. 2.2 - In 16 and 17, write each o the two statements in...Ch. 2.2 - Write each at the following three statements in...Ch. 2.2 - True or false? The negation of “If Sue is Luiz’s...Ch. 2.2 - Write negations for each of the following...Ch. 2.2 - Suppose that p and q are statements so that p ) q...Ch. 2.2 - Write negations for each of the following...Ch. 2.2 - Write negations for each of the following...Ch. 2.2 - Prob. 24ESCh. 2.2 - Prob. 25ESCh. 2.2 - Use truth tables to establish the truth of each...Ch. 2.2 - Prob. 27ESCh. 2.2 - Prob. 28ESCh. 2.2 - If statement forms P and Q are logically...Ch. 2.2 - Prob. 30ESCh. 2.2 - If statement forms P mid Q are logically...Ch. 2.2 - Rewrite each of the statements in 32 and 33 as a...Ch. 2.2 - Prob. 33ESCh. 2.2 - Rewrite the statements in 34 and 35 in if-then...Ch. 2.2 - Rewrite the statements in 34 and 35 en in-then...Ch. 2.2 - Taking the long view on u education, you go to the...Ch. 2.2 - Some prograrnming languages use statements of the...Ch. 2.2 - Some programming languages use statements of the...Ch. 2.2 - Prob. 39ESCh. 2.2 - Prob. 40ESCh. 2.2 - Prob. 41ESCh. 2.2 - Prob. 42ESCh. 2.2 - Use the contrapositive to rewrite the statements...Ch. 2.2 - Prob. 44ESCh. 2.2 - Note that a sufficient condition lot s is r”...Ch. 2.2 - “If compound X is boiling, then its temperature...Ch. 2.2 - In 47— 50(a)use the logical equivalences pq=~pq...Ch. 2.2 - In 47— 50(a)use the logical equivalences pq=~pq...Ch. 2.2 - In 47-50 (a) use the logical equivalences pq=~pq...Ch. 2.2 - In 47-50(a) use the logical equivalences pq=~pq...Ch. 2.2 - Given any statement form, is it possible to find a...Ch. 2.3 - For an argument to be valid means that every...Ch. 2.3 - For an argument to be invalid means that there is...Ch. 2.3 - Prob. 3TYCh. 2.3 - Use modus ponens at modus tollens to fill in the...Ch. 2.3 - Use modus ponens or modus tollens to fill in the...Ch. 2.3 - Use modus ponens or modus tollens to fill in the...Ch. 2.3 - Use modus ponens at modus tollens to fill in the...Ch. 2.3 - Use modus ponens or modus tollens to fill in the...Ch. 2.3 - Use truth tables to determine whether the argument...Ch. 2.3 - Prob. 7ESCh. 2.3 - Use truth tables to determine whether the argument...Ch. 2.3 - Use truth tables to determine whether the argument...Ch. 2.3 - Use truth tables to determine whether the argument...Ch. 2.3 - Use truth tables to determine whether the argument...Ch. 2.3 - Use truth table to show that the following forms...Ch. 2.3 - Use truth tables to show that the argument forms...Ch. 2.3 - Prob. 14ESCh. 2.3 - Prob. 15ESCh. 2.3 - Prob. 16ESCh. 2.3 - Prob. 17ESCh. 2.3 - Use truth table to show that the argument forms...Ch. 2.3 - Prob. 19ESCh. 2.3 - Prob. 20ESCh. 2.3 - Prob. 21ESCh. 2.3 - Prob. 22ESCh. 2.3 - Use symbols to write the logical form of each...Ch. 2.3 - Some of the argurnents in 24-32 are valid, whereas...Ch. 2.3 - Prob. 25ESCh. 2.3 - Some at the arguments in 24—32 are valid, whereas...Ch. 2.3 - Prob. 27ESCh. 2.3 - Some of the argents in 24-32 are valid. wherere as...Ch. 2.3 - Some of the arguments in 24-32 are valid, whereas...Ch. 2.3 - Some of the arguments in 24-32 are valid, whereas...Ch. 2.3 - Some of the arguments in 24-32 are valis, whereas...Ch. 2.3 - Some of the arguments in 24-32 are valid, whereas...Ch. 2.3 - Give an example (other then Example 2.3.11) of a...Ch. 2.3 - Give an example (other than Example 2.3.12) of an...Ch. 2.3 - Prob. 35ESCh. 2.3 - Given the following information about a computer...Ch. 2.3 - In the back of an old cupboard you discusser a...Ch. 2.3 - Prob. 38ESCh. 2.3 - The famous detective Percule Hoirot was called in...Ch. 2.3 - Prob. 40ESCh. 2.3 - In 41—44 a set a pren.sei and a conclusion arc...Ch. 2.3 - In 41-44 a set premises and a conclusion are...Ch. 2.3 - In 41-44 a set premises and a conclusion are...Ch. 2.3 - In 41-44 a wt o premises and a conclusion are...Ch. 2.4 - The input/output table for a digital logic circuit...Ch. 2.4 - The Boolean expression that corresponds to a...Ch. 2.4 - Prob. 3TYCh. 2.4 - Prob. 4TYCh. 2.4 - Prob. 5TYCh. 2.4 - Prob. 6TYCh. 2.4 - Prob. 1ESCh. 2.4 - Give the output signals for the circuits in 1—4 if...Ch. 2.4 - Give the output signals for the circuits in 1—4 if...Ch. 2.4 - Give the output signals for the circuits in 1-4 if...Ch. 2.4 - Prob. 5ESCh. 2.4 - Prob. 6ESCh. 2.4 - Prob. 7ESCh. 2.4 - In 5-8, write an input/output table for the...Ch. 2.4 - Prob. 9ESCh. 2.4 - In 9-12, find the Boolean expression that...Ch. 2.4 - Prob. 11ESCh. 2.4 - In 9-12, find the Boolean expression that...Ch. 2.4 - Prob. 13ESCh. 2.4 - Construct circuits for the Boolean expressions in...Ch. 2.4 - Prob. 15ESCh. 2.4 - Prob. 16ESCh. 2.4 - Prob. 17ESCh. 2.4 - For each of the tables in 18-21, construct (a) a...Ch. 2.4 - For each of the tables in 18-21, construct (a) a...Ch. 2.4 - For each of the tables in 18-21, construct (a) a...Ch. 2.4 - For each of the tables in 18-21, construct (a) a...Ch. 2.4 - Design a circuit to take input signals P,Q, and R...Ch. 2.4 - Design a circuit to take input signals P,Q, and R...Ch. 2.4 - The light in a classroom are controlled by two...Ch. 2.4 - An alarm system has three different control panels...Ch. 2.4 - Use the properties listed in Thearem 2.1.1 to to...Ch. 2.4 - Use the properties listed in Theorem 2.1.1 to show...Ch. 2.4 - Use the properties kited in Theorem 2.1.1 to show...Ch. 2.4 - Prob. 29ESCh. 2.4 - For the circuits corresponding to the Boolean...Ch. 2.4 - Prob. 31ESCh. 2.4 - The Boolean expression for the circuit in Example...Ch. 2.4 - Show that for the Sheffer stroke |, PQ(PQ)(PQ)....Ch. 2.4 - Show that the following logical equivalences hold...Ch. 2.5 - To represent a nonnegative integer in binary...Ch. 2.5 - Prob. 2TYCh. 2.5 - Prob. 3TYCh. 2.5 - Prob. 4TYCh. 2.5 - Prob. 5TYCh. 2.5 - Prob. 6TYCh. 2.5 - Prob. 7TYCh. 2.5 - Prob. 8TYCh. 2.5 - Prob. 9TYCh. 2.5 - Represent the decimal integers in 1-6 in binary...Ch. 2.5 - Represent the decimal integers in 1-6 in binary...Ch. 2.5 - Prob. 3ESCh. 2.5 - Prob. 4ESCh. 2.5 - Prob. 5ESCh. 2.5 - Prob. 6ESCh. 2.5 - Represent the integers in 7-12 in decimal...Ch. 2.5 - Prob. 8ESCh. 2.5 - Prob. 9ESCh. 2.5 - Represent the integers in 7—12 in decimal...Ch. 2.5 - Prob. 11ESCh. 2.5 - Represent the integers in 7—12 in decimal...Ch. 2.5 - Perform the arithmetic in 13-20 using binary...Ch. 2.5 - Prob. 14ESCh. 2.5 - Prob. 15ESCh. 2.5 - Prob. 16ESCh. 2.5 - Prob. 17ESCh. 2.5 - Prob. 18ESCh. 2.5 - Prob. 19ESCh. 2.5 - Prob. 20ESCh. 2.5 - Give the output singals S and T for the circuit...Ch. 2.5 - Add 111111112+12 and convert the result to decimal...Ch. 2.5 - Prob. 23ESCh. 2.5 - Prob. 24ESCh. 2.5 - Prob. 25ESCh. 2.5 - Prob. 26ESCh. 2.5 - Prob. 27ESCh. 2.5 - Prob. 28ESCh. 2.5 - Prob. 29ESCh. 2.5 - Prob. 30ESCh. 2.5 - Prob. 31ESCh. 2.5 - Prob. 32ESCh. 2.5 - Use 8-bit two’s complements to compute the surms...Ch. 2.5 - Prob. 34ESCh. 2.5 - Prob. 35ESCh. 2.5 - Prob. 36ESCh. 2.5 - Prob. 37ESCh. 2.5 - Prob. 38ESCh. 2.5 - Prob. 39ESCh. 2.5 - Convert the integers in 38-40 from hexadecimal to...Ch. 2.5 - Prob. 41ESCh. 2.5 - Prob. 42ESCh. 2.5 - Convert the integers in 41-43 from hexadecimal to...Ch. 2.5 - Prob. 44ESCh. 2.5 - Prob. 45ESCh. 2.5 - Prob. 46ESCh. 2.5 - Prob. 47ES
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- 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)…arrow_forward5. [-/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_forward
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