Student Solutions Manual for Harshbarger/Reynolds's Mathematical Applications for the Management, Life, and Social Sciences, 12th
12th Edition
ISBN: 9781337630467
Author: Ronald J. Harshbarger; James J. Reynolds
Publisher: Cengage Learning
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Chapter 2.3, Problem 8E
Find the maximum revenue for the revenue function
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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 2 Solutions
Student Solutions Manual for Harshbarger/Reynolds's Mathematical Applications for the Management, Life, and Social Sciences, 12th
Ch. 2.1 - The factoring method for solving a quadratic...Ch. 2.1 - Solve the following equations by factoring.
Ch. 2.1 - Prob. 3CPCh. 2.1 - Prob. 4CPCh. 2.1 - Prob. 1ECh. 2.1 - Prob. 2ECh. 2.1 - Prob. 3ECh. 2.1 - Prob. 4ECh. 2.1 - In Problems 5-14, solve each question by...Ch. 2.1 - Prob. 6E
Ch. 2.1 - In Problems 5-14, solve each question by...Ch. 2.1 - Prob. 8ECh. 2.1 - In Problems 5-14, solve each question by...Ch. 2.1 - Prob. 10ECh. 2.1 - In Problems 5-14, solve each question by...Ch. 2.1 - Prob. 12ECh. 2.1 - In Problems 5-14, solve each question by...Ch. 2.1 - Prob. 14ECh. 2.1 - In Problems 15-20, solve each equation using the...Ch. 2.1 - In Problems 15-20, solve each equation using the...Ch. 2.1 - In Problems 15-20, solve each equation using the...Ch. 2.1 - Prob. 18ECh. 2.1 - In Problems 15-20, solve each equation using the...Ch. 2.1 - Prob. 20ECh. 2.1 - In Problems 21-26, find the exact real solutions...Ch. 2.1 - Prob. 22ECh. 2.1 - Prob. 23ECh. 2.1 - Prob. 24ECh. 2.1 - In Problems 21-26, find the exact real solutions...Ch. 2.1 - In Problems 21-26, find the exact real solutions...Ch. 2.1 - In Problems 27-36, use any method to find the...Ch. 2.1 - In Problems 27-36, use any method to find the...Ch. 2.1 - In Problems 27-36, use any method to find the...Ch. 2.1 - Prob. 30ECh. 2.1 - Prob. 31ECh. 2.1 - Prob. 32ECh. 2.1 - In Problems 27-36, use any method to find the...Ch. 2.1 - Prob. 34ECh. 2.1 - Prob. 35ECh. 2.1 - Prob. 36ECh. 2.1 - Prob. 37ECh. 2.1 - Prob. 38ECh. 2.1 - In problems 37-42, solve each equation using a...Ch. 2.1 - Prob. 40ECh. 2.1 - In problems 37-42, solve each equation using a...Ch. 2.1 - Prob. 42ECh. 2.1 - Prob. 43ECh. 2.1 - Prob. 44ECh. 2.1 - In Problems 43-46, multiply both sides of the...Ch. 2.1 - Prob. 46ECh. 2.1 - Prob. 47ECh. 2.1 - Prob. 48ECh. 2.1 - Applications Profit If the profit from the sale of...Ch. 2.1 - Profit If the profit from the sale of x units of a...Ch. 2.1 - Profit Suppose the profit from the sale of x units...Ch. 2.1 - Profit Suppose the profit from the sale of x units...Ch. 2.1 - Flight of a ball If a ball is thrown upward at 96...Ch. 2.1 - Flight of a ball A tennis ball is thrown into the...Ch. 2.1 - Wind and pollution The amount of airborne...Ch. 2.1 - Drug sensitivity The sensitivity S to a drug is...Ch. 2.1 - 57. Corvette acceleration The time t, in seconds ,...Ch. 2.1 - 58.Consumer Price Index Using Social Security...Ch. 2.1 - 59. Marijuana use For the years since 2001 , the...Ch. 2.1 - Prob. 60ECh. 2.1 - 61. Percent profit Ace Jewelry Store sold a...Ch. 2.1 - Prob. 62ECh. 2.1 - 63. National health care Using data from 2002 and...Ch. 2.1 - 64. Velocity of blood Because of friction from the...Ch. 2.1 - 65. Body-heat loss The model for body-heat loss...Ch. 2.1 - 66. Depth of Fissure A fissure in the earth...Ch. 2.2 - Name the graph of a quadratic function.
Ch. 2.2 - (a) What is the coordinate of the vertex of ?
(b)...Ch. 2.2 - Prob. 3CPCh. 2.2 - Prob. 4CPCh. 2.2 - Prob. 5CPCh. 2.2 - In Problems 1-6,(a)find the vertex of the graph of...Ch. 2.2 - Prob. 2ECh. 2.2 - In Problems 1-6,(a) find the vertex of the graph...Ch. 2.2 - In Problem 1-6,(a)find the vertex of the graph of...Ch. 2.2 - In Problems 1-6,(a) find the vertex of the graph...Ch. 2.2 - In Problems 1-6,(a) find the vertex of the graph...Ch. 2.2 - In Problems 7-12,determine whether each...Ch. 2.2 - In Problems7-12,determine whether each functions...Ch. 2.2 - In Problems 7-12,determine whether each function’s...Ch. 2.2 - In Problem 7-12, determine whether each function’s...Ch. 2.2 - Prob. 11ECh. 2.2 - Prob. 12ECh. 2.2 - Prob. 13ECh. 2.2 - Prob. 14ECh. 2.2 - Prob. 15ECh. 2.2 - Prob. 16ECh. 2.2 - Prob. 17ECh. 2.2 - Prob. 18ECh. 2.2 - Prob. 19ECh. 2.2 - In Problems , graph each function with a graphing...Ch. 2.2 - Prob. 21ECh. 2.2 - In Problem 21 and 22, find the average rate of...Ch. 2.2 - In Problems , find the vertex and zeros and use...Ch. 2.2 - Prob. 24ECh. 2.2 - Prob. 25ECh. 2.2 - Prob. 26ECh. 2.2 - Prob. 27ECh. 2.2 - Prob. 28ECh. 2.2 - Prob. 29ECh. 2.2 - Prob. 30ECh. 2.2 - 31. Profit The monthly profit from the sale of x...Ch. 2.2 - 32. Profit The monthly profit from the sale of x...Ch. 2.2 - 33. Crop Yield The yield in bushels from a grove...Ch. 2.2 - 34. Stimulus-response One of the early results in...Ch. 2.2 - Drug Sensitivity The sensitivity S to a drug is...Ch. 2.2 - 36. Maximizing an enclosed area Iffeet of fence
...Ch. 2.2 - Photosynthesis The rate of photosynthesis R for a...Ch. 2.2 - 38. Projectiles A ball thrown vertically into the...Ch. 2.2 - Projectiles Two projectiles are shot into the air...Ch. 2.2 - Flow rates of water The speed at which water...Ch. 2.2 - Prob. 41ECh. 2.2 - Prob. 42ECh. 2.2 - Apartment rental The owner of an apartment...Ch. 2.2 - Revenue The owner of a skating rink rents the...Ch. 2.2 - Pension resources The Pension Benefit Guaranty...Ch. 2.2 - Prob. 46ECh. 2.2 - Health care costs per capita Rising health care...Ch. 2.2 - Women in the workforce Using U.S. Census Bureau...Ch. 2.2 - Prob. 49ECh. 2.2 - E-commerce Online sales in the United States are...Ch. 2.3 - The point of intersection of the revenue function...Ch. 2.3 - If and , finding the break-even points requires...Ch. 2.3 - Prob. 3CPCh. 2.3 - Prob. 4CPCh. 2.3 - BREAK-EVEN POINTS AND MAXIMIZATION
1.The total...Ch. 2.3 - 2. If a firm has the following cost and revenue...Ch. 2.3 - 3.If a company has total costs
And total revenues...Ch. 2.3 - 4. If total costs are and total revenues
Are ,find...Ch. 2.3 - Given that profit is P(x)=11.5x-0.1x2-150 And that...Ch. 2.3 - 6.If the profit function for a firm is given by...Ch. 2.3 - 7.Find the maximum revenue for the revenue...Ch. 2.3 - 8.Find the maximum revenue for the revenue...Ch. 2.3 - 9.If in a monopoly market the demand for a...Ch. 2.3 - 10.If in a monopoly market the demand for a...Ch. 2.3 - The profit function for a certain commodity is...Ch. 2.3 - The profit function for a firm making widgets is ...Ch. 2.3 - (a) Graph the profit function .
(b) Find the...Ch. 2.3 - Prob. 14ECh. 2.3 - (a) Form the profit function for the cost and...Ch. 2.3 - Prob. 16ECh. 2.3 - 17. Suppose a company has fixed costs of and...Ch. 2.3 - 18. Suppose a company has fixed costs of and...Ch. 2.3 - The following table gives the total revenues of ...Ch. 2.3 - The data in the table give sales revenue and costs...Ch. 2.3 - Prob. 21ECh. 2.3 - In Problems 22-24, a supply function and a demand...Ch. 2.3 - In Problems 22-24, a supply function and a demand...Ch. 2.3 - In Problems 22-24, a supply function and a demand...Ch. 2.3 - 25. If the supply function for a commodity is and...Ch. 2.3 - If the supply function for a commodity is and the...Ch. 2.3 - If the demand function for a commodity is given by...Ch. 2.3 - If the supply and demand functions for a commodity...Ch. 2.3 - If the supply and demand functions for a commodity...Ch. 2.3 - If the supply and demand functions for a certain...Ch. 2.3 - The supply function for a product is , while the...Ch. 2.3 - The supply and demand for a product are given by ...Ch. 2.3 - For the product in problem 31, if a $22 tax is...Ch. 2.3 - Prob. 34ECh. 2.4 - All constant functions [such as ] have graphs that...Ch. 2.4 - Which of the following are polynomial...Ch. 2.4 - A third-degree polynomial can have at most _____...Ch. 2.4 - Prob. 4CPCh. 2.4 - Prob. 5CPCh. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problems 1-12, match each of the function with...Ch. 2.4 - In problem 13, decide whether each function whose...Ch. 2.4 - In problem 14, decide whether each function whose...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 - In Problems 15-22, match each equation with the...Ch. 2.4 -
Ch. 2.4 - Prob. 24ECh. 2.4 - Prob. 25ECh. 2.4 - Prob. 26ECh. 2.4 - Prob. 27ECh. 2.4 - In Problems 23-28, graph the function.
28.
Ch. 2.4 - Prob. 29ECh. 2.4 - Prob. 30ECh. 2.4 - Prob. 31ECh. 2.4 - Prob. 32ECh. 2.4 - Prob. 33ECh. 2.4 - 34. If
find the following.
(b) (c) (d)...Ch. 2.4 - In Problems 35-40, (a) graph each function with a...Ch. 2.4 - In Problems 35-40, (a) graph each function with a...Ch. 2.4 - [Type here]
In Problems 35-40, (a) graph each...Ch. 2.4 - [Type here]
In Problems 35-40, (a) graph each...Ch. 2.4 - Prob. 39ECh. 2.4 - Prob. 40ECh. 2.4 - 41. Postal restrictions If a box with a square...Ch. 2.4 - Prob. 42ECh. 2.4 - Latin American Internet use Using data from and...Ch. 2.4 - Prob. 44ECh. 2.4 - 45. Pollution Suppose that the cost (in dollars)...Ch. 2.4 - Average cost If the weekly total cost of producing...Ch. 2.4 - Area If 100 feet of fence is to be used to enclose...Ch. 2.4 - Water usage The monthly charge for water in a...Ch. 2.4 - Prob. 49ECh. 2.4 - Commercial electrical usage The monthly charge (in...Ch. 2.4 - First-class postage The postage charged for...Ch. 2.4 - Income tax In a given year, the U.S. federal...Ch. 2.4 - Prob. 53ECh. 2.4 - Prob. 54ECh. 2.4 - Prob. 55ECh. 2.5 - The following table gives the Social Security...Ch. 2.5 - Prob. 2CPCh. 2.5 - Prob. 1ECh. 2.5 - Prob. 2ECh. 2.5 - In Problems 1-8, determine whether the scatter...Ch. 2.5 - In Problems 1-8, determine whether the scatter...Ch. 2.5 - Prob. 5ECh. 2.5 - In Problems 1-8, determine whether the scatter...Ch. 2.5 - Prob. 7ECh. 2.5 - Prob. 8ECh. 2.5 - Prob. 9ECh. 2.5 - Prob. 10ECh. 2.5 - In Problems 9- 16, find the equation of the...Ch. 2.5 - Prob. 12ECh. 2.5 - Prob. 13ECh. 2.5 - In Problems 9- 16, find the equation of the...Ch. 2.5 - Prob. 15ECh. 2.5 - In Problems 9- 16, find the equation of the...Ch. 2.5 - Prob. 17ECh. 2.5 - Prob. 18ECh. 2.5 - Prob. 19ECh. 2.5 - Prob. 20ECh. 2.5 - In Problems 17-24, (a) plot the given points, (b)...Ch. 2.5 - In Problems 17-24, (a) plot the given points, (b)...Ch. 2.5 - In Problems 17-24, (a) plot the given points, (b)...Ch. 2.5 - Prob. 24ECh. 2.5 - Prob. 25ECh. 2.5 - emission The following table gives the millions...Ch. 2.5 - Disposable income Disposable income is the amount...Ch. 2.5 - Diabetes As the following table shows ,...Ch. 2.5 - Wind chill The table gives the wind chill...Ch. 2.5 - Developing economies The developing economies’...Ch. 2.5 - Prob. 31ECh. 2.5 - Prob. 32ECh. 2.5 - Prob. 33ECh. 2.5 - Prob. 34ECh. 2.5 - Prob. 35ECh. 2.5 - National health care The table shows the national...Ch. 2.5 - Prob. 37ECh. 2.5 - Prob. 38ECh. 2 - In Problem 1-10, find the real solutions to each...Ch. 2 - In Problem 1-10, find the real solutions to each...Ch. 2 - In Problem 1-10, find the real solutions to each...Ch. 2 - Prob. 4RECh. 2 - Prob. 5RECh. 2 - Prob. 6RECh. 2 - Prob. 7RECh. 2 - Prob. 8RECh. 2 - Prob. 9RECh. 2 - Prob. 10RECh. 2 - Prob. 11RECh. 2 - Prob. 12RECh. 2 - Prob. 13RECh. 2 - Prob. 14RECh. 2 - Prob. 15RECh. 2 - Prob. 16RECh. 2 - Prob. 17RECh. 2 - Prob. 18RECh. 2 - Prob. 19RECh. 2 - Prob. 20RECh. 2 - Prob. 21RECh. 2 - For each function in Problems 19-24, find the...Ch. 2 - For each function in Problems 19-24, find the...Ch. 2 - Prob. 24RECh. 2 - Prob. 25RECh. 2 - [Type here]
In Problems 25-30, use a graphing...Ch. 2 - Prob. 27RECh. 2 - Prob. 28RECh. 2 - Prob. 29RECh. 2 - In Problems 25-30, use a graphing calculator to...Ch. 2 - The supply function for a product is 2pq10=0,...Ch. 2 - The supply and demand for a product are given by...Ch. 2 - 33.For the product in Problem 31,if a $22 tax is...Ch. 2 - Prob. 34RECh. 2 - In Problems 33-36, a graph is given. Use the graph...Ch. 2 - Prob. 36RECh. 2 - 37. Sketch a graph of each of the following basic...Ch. 2 - Prob. 38RECh. 2 - Prob. 39RECh. 2 - In Problems 40 and 41 ,graph each function.
40. ...Ch. 2 - Prob. 41RECh. 2 - Prob. 42RECh. 2 - Prob. 43RECh. 2 - Prob. 44RECh. 2 - Prob. 45RECh. 2 - Prob. 46RECh. 2 - Prob. 47RECh. 2 - Prob. 48RECh. 2 - 49.Profit The profit for a product is given by...Ch. 2 - Prob. 50RECh. 2 - Prob. 51RECh. 2 - Prob. 52RECh. 2 - Prob. 53RECh. 2 - 54. Market equilibrium
(a) Suppose the supply...Ch. 2 - Prob. 55RECh. 2 - Prob. 56RECh. 2 - Break-even points If total costs for a product are...Ch. 2 - Break-even points If total costs for a commodity...Ch. 2 - Prob. 59RECh. 2 - Prob. 60RECh. 2 - Maximum profit Given and , find the level of...Ch. 2 - Break-even and profit maximization A certain...Ch. 2 - 63. Diabetes The rise of adult diabetes in the...Ch. 2 - Prob. 64RECh. 2 - Prob. 65RECh. 2 - Prob. 66RECh. 2 - Prob. 67RECh. 2 - 68. Average annual wage The tables below give...Ch. 2 - Prob. 69RECh. 2 - Prob. 70RECh. 2 - Prob. 1TCh. 2 - Prob. 2TCh. 2 - Prob. 3TCh. 2 - Prob. 4TCh. 2 - Which of the following three graphs is the graph...Ch. 2 - Prob. 6TCh. 2 - Prob. 7TCh. 2 - Prob. 8TCh. 2 - Prob. 9TCh. 2 - Prob. 10TCh. 2 - Prob. 11TCh. 2 - Prob. 12TCh. 2 - Prob. 13TCh. 2 - Prob. 14TCh. 2 - Prob. 15TCh. 2 - Prob. 16TCh. 2 - Suppose the supply and demand functions for a...Ch. 2 - Suppose a company’s total cost a product is given...Ch. 2 - Prob. 19TCh. 2 - Prob. 20TCh. 2 - Prob. 1EAGP1Ch. 2 - Prob. 2EAGP1Ch. 2 - Prob. 3EAGP1Ch. 2 - Prob. 4EAGP1Ch. 2 - Prob. 5EAGP1Ch. 2 - Prob. 6EAGP1Ch. 2 - Prob. 7EAGP1Ch. 2 - Prob. 1EAGP2Ch. 2 - Prob. 2EAGP2Ch. 2 - Prob. 3EAGP2Ch. 2 - Prob. 4EAGP2Ch. 2 - Prob. 5EAGP2Ch. 2 - Prob. 6EAGP2Ch. 2 - Prob. 7EAGP2Ch. 2 - Prob. 8EAGP2
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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
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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
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781337278461
Author:Ron Larson
Publisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
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Higher Order Differential Equation with constant coefficient (GATE) (Part 1) l GATE 2018; Author: GATE Lectures by Dishank;https://www.youtube.com/watch?v=ODxP7BbqAjA;License: Standard YouTube License, CC-BY
Solution of Differential Equations and Initial Value Problems; Author: Jefril Amboy;https://www.youtube.com/watch?v=Q68sk7XS-dc;License: Standard YouTube License, CC-BY