EBK COLLEGE MATHEMATICS FOR TRADES AND
10th Edition
ISBN: 8220106960301
Author: Hobbs
Publisher: PEARSON
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Chapter 3.1, Problem 2LC
To determine
To divide: 8 by 100 mentally.
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In this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0
given (under the measure P) by
d.St 0.03 St dt + 0.2 St dwt,
with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to
price an option on this stock (which we name cubic put). This option is European-type, with
maturity 3 months (i.e. T = 0.25 years), and payoff given by
F = (8-5)+
(a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure
Q. (You don't need to prove it, simply give the answer.)
(b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2.
(c) Let X =
S. Find the Stochastic Differential Equation satisfied by the process (Xt)
under the measure Q.
(d) Find an explicit expression for X₁ = S3 under measure Q.
(e) Using the results above, find the price of the cubic put option mentioned above.
(f) Is the price in (e) the same as in question (b)? (Explain why.)
3. Consider the polynomial equation 6-iz+7z² - iz³ +z = 0 for which the roots are 3i, -2i, -i,
and i.
(a) Verify the relations between this roots and the coefficients of the polynomial.
(b) Find the annulus region in which the roots lie.
The managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c.
Question content area bottom
Part 1
a. Develop a simple linear regression model between billable hours and overhead costs.
Overhead
Costsequals=212495.2212495.2plus+left parenthesis 42.4857 right parenthesis42.485742.4857times×Billable
Hours
(Round the constant to one decimal place as needed. Round the coefficient to four decimal places as needed. Do not include the $ symbol in your answers.)
Part 2
b. Interpret the coefficients of your regression model. Specifically, what does the fixed component of the model mean to the consulting firm?
Interpret the fixed term,
b 0b0,
if appropriate. Choose the correct answer below.
A.
The value of
b 0b0
is the predicted billable hours for an overhead cost of 0 dollars.
B.
It is not appropriate to interpret
b 0b0,
because its value…
Chapter 3 Solutions
EBK COLLEGE MATHEMATICS FOR TRADES AND
Ch. 3.1 - Mentally multiply 0.3 times 100.
Ch. 3.1 - Prob. 2LCCh. 3.1 - Prob. 1ECh. 3.1 - Prob. 2ECh. 3.1 - Prob. 3ECh. 3.1 - Prob. 4ECh. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - Prob. 7ECh. 3.1 - Change the numbers to their percent equivalents....
Ch. 3.1 - Prob. 9ECh. 3.1 - Prob. 10ECh. 3.1 - Prob. 11ECh. 3.1 - Prob. 12ECh. 3.1 - Prob. 13ECh. 3.1 - Change the numbers to their percent equivalents....Ch. 3.1 - Prob. 15ECh. 3.1 - Prob. 16ECh. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Prob. 19ECh. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.1 - Prob. 23ECh. 3.1 - Prob. 24ECh. 3.1 - Prob. 25ECh. 3.1 - Set Example 3 Change to decimal equivalents. Round...Ch. 3.1 - Prob. 27ECh. 3.1 - Prob. 28ECh. 3.1 - Prob. 29ECh. 3.1 - Prob. 30ECh. 3.1 - Prob. 31ECh. 3.1 - Prob. 32ECh. 3.1 - Prob. 33ECh. 3.1 - Prob. 34ECh. 3.1 - Prob. 35ECh. 3.1 - Prob. 36ECh. 3.1 - Prob. 37ECh. 3.1 - Prob. 38ECh. 3.1 - Prob. 39ECh. 3.1 - Change to mixed-decimal equivalents. 425%Ch. 3.1 - Prob. 41ECh. 3.1 - Prob. 42ECh. 3.1 - Prob. 43ECh. 3.1 - Prob. 44ECh. 3.1 - Prob. 45ECh. 3.1 - Prob. 46ECh. 3.1 - Prob. 47ECh. 3.1 - Prob. 48ECh. 3.1 - Prob. 49ECh. 3.1 - Prob. 50ECh. 3.1 - Prob. 51ECh. 3.1 - Prob. 52ECh. 3.1 - Prob. 53ECh. 3.1 - See Example 4. Change to fractional equivalents....Ch. 3.1 - Prob. 55ECh. 3.1 - Prob. 56ECh. 3.1 - Prob. 57ECh. 3.1 - Prob. 58ECh. 3.1 - Prob. 59ECh. 3.1 - Prob. 60ECh. 3.1 - Prob. 61ECh. 3.1 - Prob. 62ECh. 3.1 - Prob. 63ECh. 3.1 - Prob. 64ECh. 3.1 - Prob. 65ECh. 3.1 - Prob. 66ECh. 3.1 - Prob. 67ECh. 3.1 - Prob. 68ECh. 3.1 - Prob. 69ECh. 3.1 - Prob. 70ECh. 3.1 - Statistics from FedStats. a governmental website,...Ch. 3.2 - Prob. 1LCCh. 3.2 - Prob. 2LCCh. 3.2 - Prob. 3LCCh. 3.2 - Prob. 1ECh. 3.2 - Prob. 2ECh. 3.2 - Prob. 3ECh. 3.2 - Prob. 4ECh. 3.2 - Prob. 5ECh. 3.2 - Prob. 6ECh. 3.2 - Prob. 7ECh. 3.2 - Prob. 8ECh. 3.2 - Prob. 9ECh. 3.2 - Prob. 10ECh. 3.2 - Prob. 11ECh. 3.2 - Prob. 12ECh. 3.2 - Prob. 13ECh. 3.2 - Prob. 14ECh. 3.2 - Prob. 15ECh. 3.2 - Prob. 16ECh. 3.2 - Prob. 17ECh. 3.2 - Prob. 18ECh. 3.2 - Solve using the percentage formula. See Example 2....Ch. 3.2 - Prob. 20ECh. 3.2 - Prob. 21ECh. 3.2 - Prob. 22ECh. 3.2 - Prob. 23ECh. 3.2 - Prob. 24ECh. 3.2 - Prob. 25ECh. 3.2 - Prob. 26ECh. 3.2 - Prob. 27ECh. 3.2 - Prob. 28ECh. 3.2 - Prob. 29ECh. 3.2 - See Example 5. The Drammelonnie Department Store...Ch. 3.2 - Prob. 31ECh. 3.2 - Prob. 32ECh. 3.2 - Prob. 33ECh. 3.2 - See Example 6. A receipt from Walmart in Memphis...Ch. 3.2 - Prob. 35ECh. 3.2 - Prob. 36ECh. 3.2 - Prob. 37ECh. 3.2 - Prob. 38ECh. 3.2 - Prob. 39ECh. 3.2 - Prob. 40ECh. 3.2 - Prob. 41ECh. 3.2 - Prob. 42ECh. 3.2 - Prob. 43ECh. 3.2 - Prob. 44ECh. 3.2 - Prob. 45ECh. 3.2 - Prob. 46ECh. 3.2 - Prob. 47ECh. 3.2 - Prob. 48ECh. 3.2 - Prob. 49ECh. 3.2 - Prob. 50ECh. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - Prob. 53ECh. 3.2 - Prob. 54ECh. 3.2 - Prob. 55ECh. 3.2 - Prob. 56ECh. 3.2 - Prob. 57ECh. 3.2 - Prob. 58ECh. 3.2 - Prob. 59ECh. 3.2 - Prob. 60ECh. 3.2 - Prob. 61ECh. 3.2 - Prob. 62ECh. 3.2 - Prob. 63ECh. 3.2 - Prob. 64ECh. 3.2 - Prob. 65ECh. 3.2 - Prob. 66ECh. 3.2 - Prob. 67ECh. 3.2 - Prob. 68ECh. 3.2 - Prob. 69ECh. 3.2 - Prob. 70ECh. 3.2 - Prob. 71ECh. 3.2 - Prob. 72ECh. 3.2 - Prob. 73ECh. 3.2 - Prob. 74ECh. 3.2 - Prob. 75ECh. 3.2 - Prob. 76ECh. 3.2 - Prob. 77ECh. 3.2 - Prob. 78ECh. 3.2 - Prob. 79ECh. 3.2 - Prob. 80ECh. 3.2 - Prob. 81ECh. 3.2 - Prob. 82ECh. 3.2 - Prob. 83ECh. 3.2 - Prob. 84ECh. 3.2 - Prob. 85ECh. 3.2 - Prob. 86ECh. 3.2 - Prob. 87ECh. 3.2 - Prob. 88ECh. 3.2 - Prob. 89ECh. 3.2 - Prob. 90ECh. 3.2 - Prob. 91ECh. 3.2 - Prob. 92ECh. 3.2 - Prob. 93ECh. 3.2 - Prob. 94ECh. 3.2 - Prob. 95ECh. 3.2 - Prob. 96ECh. 3.2 - Prob. 97ECh. 3.2 - Prob. 98ECh. 3.2 - Prob. 99ECh. 3.2 - Prob. 100ECh. 3.2 - Prob. 101ECh. 3.2 - Prob. 102ECh. 3.2 - Prob. 103ECh. 3.2 - Prob. 104ECh. 3.2 - Prob. 105ECh. 3.2 - Prob. 106ECh. 3.2 - Prob. 107ECh. 3.2 - Prob. 108ECh. 3.2 - Prob. 109ECh. 3.2 - Prob. 110ECh. 3.2 - Prob. 111ECh. 3.2 - Prob. 112ECh. 3.2 - Prob. 113ECh. 3.2 - Prob. 114ECh. 3.2 - Home heat loss through poor-fitting doors and...Ch. 3.2 - Prob. 116ECh. 3.2 - Prob. 117ECh. 3.2 - Prob. 118ECh. 3.2 - Prob. 119ECh. 3.2 - Prob. 120ECh. 3.3 - Prob. 1LCCh. 3.3 - Prob. 2LCCh. 3.3 - Prob. 1ECh. 3.3 - Prob. 2ECh. 3.3 - See Example 3.
Find the amount of increase if 432...Ch. 3.3 - Prob. 4ECh. 3.3 - See Example 3.
Jobs as athletic trainers totaled...Ch. 3.3 - See Example 3.
In 2010, the number of jobs as...Ch. 3.3 - See Example 4.
Find the amount of decrease if 68...Ch. 3.3 - See Example 4.
If 135 is decreased by 75%, what is...Ch. 3.3 - See Example 5.
If 17% extra flooring is needed to...Ch. 3.3 - See Example 5.
A contractor needs 1,650 board feet...Ch. 3.3 - See Example 5.
When making an estimate on a job, a...Ch. 3.3 - See Example 5.
A construction company requires...Ch. 3.3 - See Example 5.
Ciara Walker was earning $49,860...Ch. 3.3 - See Example 5.
LaTreas Walker received a 3% salary...Ch. 3.3 - See Example 6.
Steel rods shrink 10% when cooled...Ch. 3.3 - See Example 6.
Rock must be removed from a highway...Ch. 3.3 - See Example 6.
David Dawson earned $4,290 but paid...Ch. 3.3 - Megan Anders purchased a swimsuit that was priced...Ch. 3.3 - Prob. 19ECh. 3.3 - Prob. 20ECh. 3.3 - Prob. 21ECh. 3.3 - Prob. 22ECh. 3.3 - Find the complement of 86.3%.
Ch. 3.3 - Prob. 24ECh. 3.3 - Prob. 25ECh. 3.3 - Prob. 26ECh. 3.3 - Prob. 27ECh. 3.3 - Prob. 28ECh. 3.3 - Prob. 29ECh. 3.3 - Prob. 30ECh. 3.3 - Solve. See Example 10.
A chicken farmer bought...Ch. 3.3 - Solve. See Example 10.
An electrician recorded...Ch. 3.3 - Prob. 33ECh. 3.3 - Solve. See Example 10.
The cost of No. 1 pine...Ch. 3.3 - Solve. See Example 10.
A month’s supply of...Ch. 3.3 - See Example 11.
A contractor ordered 10.5 yd3 of...Ch. 3.3 - See Example 11.
An engine that has a 4% loss of...Ch. 3.3 - See Example 11.
A shop manager records a 14% loss...Ch. 3.3 - See Example 11.
Steel bars shrink 10% when cooled...Ch. 3.3 - See Example 11.
A 141-hp output is required for an...Ch. 3 - Change to percent equivalents. 0.7Ch. 3 - Change to percent equivalents. 0.35Ch. 3 - Prob. 3RECh. 3 - Prob. 4RECh. 3 - Prob. 5RECh. 3 - Prob. 6RECh. 3 - Prob. 7RECh. 3 - Prob. 8RECh. 3 - Prob. 9RECh. 3 - Prob. 10RECh. 3 - Prob. 11RECh. 3 - Prob. 12RECh. 3 - Prob. 13RECh. 3 - Prob. 14RECh. 3 - Prob. 15RECh. 3 - Prob. 16RECh. 3 - Prob. 17RECh. 3 - Prob. 18RECh. 3 - Prob. 19RECh. 3 - Prob. 20RECh. 3 - Prob. 21RECh. 3 - Prob. 22RECh. 3 - Prob. 23RECh. 3 - Prob. 24RECh. 3 - Prob. 25RECh. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Prob. 28RECh. 3 - Prob. 29RECh. 3 - Prob. 30RECh. 3 - Prob. 31RECh. 3 - Prob. 32RECh. 3 - Prob. 33RECh. 3 - Prob. 34RECh. 3 - Prob. 35RECh. 3 - Prob. 36RECh. 3 - Prob. 37RECh. 3 - Prob. 38RECh. 3 - Prob. 39RECh. 3 - Prob. 40RECh. 3 - Prob. 41RECh. 3 - Prob. 42RECh. 3 - Prob. 43RECh. 3 - Solve using the percentage formula.
of 576 is...Ch. 3 - Prob. 45RECh. 3 - Prob. 46RECh. 3 - Prob. 47RECh. 3 - Prob. 48RECh. 3 - Prob. 49RECh. 3 - Prob. 50RECh. 3 - Prob. 51RECh. 3 - Prob. 52RECh. 3 - Prob. 53RECh. 3 - Prob. 54RECh. 3 - Solve using the percentage proportion.
24% of is...Ch. 3 - Solve using the percentage proportion.
7.56 is of...Ch. 3 - Prob. 57RECh. 3 - Prob. 58RECh. 3 - Prob. 59RECh. 3 - Prob. 60RECh. 3 - Prob. 61RECh. 3 - Prob. 62RECh. 3 - Prob. 63RECh. 3 - Prob. 64RECh. 3 - Prob. 65RECh. 3 - Prob. 66RECh. 3 - Prob. 67RECh. 3 - Prob. 68RECh. 3 - Prob. 69RECh. 3 - Prob. 70RECh. 3 - Prob. 71RECh. 3 - Prob. 72RECh. 3 - Prob. 73RECh. 3 - Prob. 74RECh. 3 - Prob. 75RECh. 3 - Prob. 76RECh. 3 - Prob. 77RECh. 3 - Prob. 78RECh. 3 - Prob. 79RECh. 3 - Prob. 80RECh. 3 - Prob. 81RECh. 3 - Prob. 82RECh. 3 - Prob. 83RECh. 3 - Prob. 84RECh. 3 - Prob. 85RECh. 3 - Prob. 86RECh. 3 - Prob. 87RECh. 3 - Prob. 88RECh. 3 - Prob. 89RECh. 3 - Prob. 90RECh. 3 - Prob. 91RECh. 3 - Prob. 92RECh. 3 - Prob. 93RECh. 3 - Prob. 94RECh. 3 - Prob. 95RECh. 3 - Prob. 96RECh. 3 - Prob. 97RECh. 3 - Prob. 98RECh. 3 - Prob. 99RECh. 3 - Prob. 100RECh. 3 - Prob. 101RECh. 3 - Prob. 102RECh. 3 - Prob. 103RECh. 3 - Prob. 104RECh. 3 - Prob. 105RECh. 3 - Prob. 106RECh. 3 - Prob. 107RECh. 3 - Prob. 108RECh. 3 - Prob. 109RECh. 3 - Prob. 110RECh. 3 - Find the complement of 92%
Ch. 3 - A washing machine that sells for $389 is on sale...Ch. 3 - Prob. 113RECh. 3 - Prob. 114RECh. 3 - Prob. 115RECh. 3 - Prob. 116RECh. 3 - Prob. 117RECh. 3 - Prob. 118RECh. 3 - Prob. 119RECh. 3 - Prob. 120RECh. 3 - Prob. 121RECh. 3 - Prob. 122RECh. 3 - Prob. 123RECh. 3 - Prob. 124RECh. 3 - Prob. 125RECh. 3 - Prob. 126RECh. 3 - Prob. 127RECh. 3 - Prob. 128RECh. 3 - Prob. 129RECh. 3 - Prob. 130RECh. 3 - Prob. 131RECh. 3 - Prob. 132RECh. 3 - Prob. 1CACh. 3 - Prob. 2CACh. 3 - Prob. 3CACh. 3 - Prob. 4CACh. 3 - Prob. 5CACh. 3 - Prob. 6CACh. 3 - Prob. 7CACh. 3 - Prob. 8CACh. 3 - Prob. 9CACh. 3 - Prob. 10CACh. 3 - Prob. 11CACh. 3 - Prob. 12CACh. 3 - Prob. 13CACh. 3 - Prob. 14CACh. 3 - Prob. 15CACh. 3 - Prob. 1PTCh. 3 - Prob. 2PTCh. 3 - Prob. 3PTCh. 3 - Prob. 4PTCh. 3 - Prob. 5PTCh. 3 - Prob. 6PTCh. 3 - Prob. 7PTCh. 3 - Prob. 8PTCh. 3 - Prob. 9PTCh. 3 - Prob. 10PTCh. 3 - Prob. 11PTCh. 3 - Prob. 12PTCh. 3 - Prob. 13PTCh. 3 - Prob. 14PTCh. 3 - Prob. 15PTCh. 3 - Prob. 16PTCh. 3 - Prob. 17PTCh. 3 - Prob. 18PTCh. 3 - Prob. 19PTCh. 3 - Prob. 20PTCh. 3 - Prob. 21PTCh. 3 - Prob. 22PTCh. 3 - Prob. 23PTCh. 3 - Prob. 24PTCh. 3 - Prob. 25PTCh. 3 - Prob. 26PTCh. 3 - Prob. 27PTCh. 3 - Prob. 28PTCh. 3 - Prob. 29PTCh. 3 - Prob. 30PTCh. 3 - Prob. 31PTCh. 3 - Prob. 32PTCh. 3 - Prob. 1CPTCh. 3 - Prob. 2CPTCh. 3 - Prob. 3CPTCh. 3 - Prob. 4CPTCh. 3 - Prob. 5CPTCh. 3 - Prob. 6CPTCh. 3 - Prob. 7CPTCh. 3 - Prob. 8CPTCh. 3 - Prob. 9CPTCh. 3 - Prob. 10CPTCh. 3 - Prob. 11CPTCh. 3 - Prob. 12CPTCh. 3 - Prob. 13CPTCh. 3 - Prob. 14CPTCh. 3 - Prob. 15CPTCh. 3 - Prob. 16CPTCh. 3 - Prob. 17CPTCh. 3 - Prob. 18CPTCh. 3 - Prob. 19CPTCh. 3 - Prob. 20CPTCh. 3 - Prob. 21CPTCh. 3 - Prob. 22CPTCh. 3 - Prob. 23CPTCh. 3 - Prob. 24CPTCh. 3 - Prob. 25CPTCh. 3 - Prob. 26CPTCh. 3 - Prob. 27CPTCh. 3 - Prob. 28CPTCh. 3 - Prob. 29CPTCh. 3 - Prob. 30CPTCh. 3 - Prob. 31CPTCh. 3 - Prob. 32CPTCh. 3 - Prob. 33CPTCh. 3 - To calculate the percent of protein in pet food on...Ch. 3 - Prob. 35CPT
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