Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
12th Edition
ISBN: 9780134767628
Author: Margaret L. Lial, Thomas W. Hungerford, John P. Holcomb, Bernadette Mullins
Publisher: PEARSON
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Chapter 3.2, Problem 1CP
Checkpoint 1
Graph
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Chapter 3 Solutions
Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
Ch. 3.1 - Checkpoint 1
Find the domain and range of the...Ch. 3.1 - Checkpoint 2
Do the following define...Ch. 3.1 - Checkpoint 3
Do the following define y as a...Ch. 3.1 - Checkpoint 4
Give the domain of each...Ch. 3.1 - Checkpoint 5
Let Find the...Ch. 3.1 - Prob. 6CPCh. 3.1 - Prob. 7CPCh. 3.1 - For each of the following rules, state whether it...Ch. 3.1 -
For each of the following rules, state whether it...Ch. 3.1 - For each of the following rules, state whether it...
Ch. 3.1 - For each of the following rules, state whether it...Ch. 3.1 - For each of the following rules, state whether it...Ch. 3.1 - For each of the following rules, state whether it...Ch. 3.1 - For each of the following rules, state whether it...Ch. 3.1 - For each of the following rules, state whether it...Ch. 3.1 - For each of the following rules, state whether it...Ch. 3.1 - For each of the following rules, state whether it...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - Prob. 13ECh. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - State the domain of each function (See Example...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 - State the domain of each function. (See Example...Ch. 3.1 -
State the domain of each function. (See Example...Ch. 3.1 - For each of the following functions,...Ch. 3.1 - For each of the following functions,...Ch. 3.1 - For each of the following functions,...Ch. 3.1 - For each of the following functions,...Ch. 3.1 - Prob. 28ECh. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - Prob. 29ECh. 3.1 - Prob. 30ECh. 3.1 - Prob. 31ECh. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - For each of the following functions, find
(a)...Ch. 3.1 - For each of the following functions, find
(a)....Ch. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - For each of the following functions, find
(See...Ch. 3.1 - For each of the following functions, find f(p);...Ch. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - For each of the following functions, find
(a) (b)...Ch. 3.1 - For each of the following functions, find the...Ch. 3.1 - For each of the following functions, find the...Ch. 3.1 - For each of the following functions, find the...Ch. 3.1 - For each of the following functions, find the...Ch. 3.1 - Use a calculator to work these exercises. (See...Ch. 3.1 -
Use a calculator to work these exercises. (See...Ch. 3.1 -
Use a calculator to work these exercises. (See...Ch. 3.1 - Use a calculator to work these exercises. (See...Ch. 3.1 - Use a calculator to work these exercises. (See...Ch. 3.1 -
Use a calculator to work these exercises. (See...Ch. 3.1 -
Use a calculator to work these exercises. (See...Ch. 3.1 -
Use a calculator to work these exercises. (See...Ch. 3.1 - Prob. 55ECh. 3.1 - Use a calculator to work these exercises. (See...Ch. 3.1 - Use a calculator to work these exercises. (See...Ch. 3.1 - Prob. 58ECh. 3.1 - Use the table feature of a graphing calculator to...Ch. 3.1 - Use the table feature of a graphing calculator to...Ch. 3.2 - Checkpoint 1 Graph g(x)=35x.Ch. 3.2 -
Checkpoint 2
Graph
Ch. 3.2 - Checkpoint 3 Graph f(x)={2x3ifx1x2ifx1.Ch. 3.2 - Checkpoint 4 Graph each function. f(x)=|x4|...Ch. 3.2 - Prob. 5CPCh. 3.2 - Checkpoint 6 Graph y=[12x+1].Ch. 3.2 - Prob. 7CPCh. 3.2 - Prob. 8CPCh. 3.2 - Prob. 9CPCh. 3.2 - Graph each function. (See Examples 1–4.)
1.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
2.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
3.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
4.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
5.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
6.
Ch. 3.2 - Prob. 7ECh. 3.2 - Prob. 8ECh. 3.2 - Prob. 9ECh. 3.2 - Graph each function. (See Examples 1–4.)
10.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
11.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
12.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
13.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
14.
Ch. 3.2 - Graph each function. (See Examples 1–4.)
15.
Ch. 3.2 - Prob. 16ECh. 3.2 - Prob. 17ECh. 3.2 - Prob. 18ECh. 3.2 - Prob. 19ECh. 3.2 - Prob. 20ECh. 3.2 - Prob. 21ECh. 3.2 - Postal Rates Theaccompanying table gives rates...Ch. 3.2 - Prob. 23ECh. 3.2 - Prob. 24ECh. 3.2 - Graph each function. (See Examples 7–9.)
31.
Ch. 3.2 - Graph each function. (See Examples 7–9.)
32.
Ch. 3.2 - Determine whether each graph is a graph of a...Ch. 3.2 - Determine whether each graph is a graph of a...Ch. 3.2 - Determine whether each graph is a graph of a...Ch. 3.2 - Determine whether each graph is a graph of a...Ch. 3.2 - Determine whether each graph is a graph of a...Ch. 3.2 - Determine whether each graph is a graph of a...Ch. 3.2 - Use a graphing calculator or other technology to...Ch. 3.2 - Prob. 34ECh. 3.2 - Prob. 35ECh. 3.2 - Prob. 36ECh. 3.2 - Work these exercise. (See Examples 2, 3, 10, and...Ch. 3.2 - Work these exercise. (See Examples 2, 3, 10, and...Ch. 3.2 - Work these exercises. (See Examples 2, 3, 10, and...Ch. 3.2 - See Examples 2, 3, 10 and 11 as you do Exercises...Ch. 3.2 - Prob. 41ECh. 3.2 - Work these exercises. (See Examples 2, 3, 10, and...Ch. 3.2 - Work these exercises. (See Examples 2, 3, 10, and...Ch. 3.2 - Work these exercises. (See Examples 2, 3, 10, and...Ch. 3.2 - Work these exercises. (See Examples 2, 3, 10, and...Ch. 3.2 - Work these exercises. (See Examples 2, 3, 10, and...Ch. 3.2 - Prob. 48ECh. 3.2 - 59. Business Sarah Hendrickson needs to rent a van...Ch. 3.2 - Prob. 50ECh. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.3 - Checkpoint 1
The total cost of producing 10...Ch. 3.3 - Prob. 2CPCh. 3.3 - Prob. 3CPCh. 3.3 - Prob. 4CPCh. 3.3 - Prob. 5CPCh. 3.3 - Prob. 6CPCh. 3.3 - Checkpoint 7
Suppose price and quantity demanded...Ch. 3.3 - Prob. 8CPCh. 3.3 - Business Write a cost function for each of the...Ch. 3.3 - Prob. 2ECh. 3.3 - Prob. 3ECh. 3.3 - Prob. 4ECh. 3.3 - Business Assume that each of the given situations...Ch. 3.3 - Prob. 6ECh. 3.3 - Business Assume that each of the given situations...Ch. 3.3 - Prob. 8ECh. 3.3 - Prob. 9ECh. 3.3 - Prob. 10ECh. 3.3 - Prob. 11ECh. 3.3 - Business In Exercises 9–12, a cost function is...Ch. 3.3 - Business Work these exercises. (See Example...Ch. 3.3 - Prob. 14ECh. 3.3 - Business Work these exercises. (See Example...Ch. 3.3 - Business Work these exercises. (See Example...Ch. 3.3 - Prob. 17ECh. 3.3 - Business Work these problems. (See Example...Ch. 3.3 - Business Work these problems. (See Examples 2 and...Ch. 3.3 - 20. In deciding whether to set up a new...Ch. 3.3 - Business Work these problems. (See Example 5.)...Ch. 3.3 - Business Work these problems. (See Example 5.) Gas...Ch. 3.3 - Business Work these problems. (See Example...Ch. 3.3 - Prob. 24ECh. 3.3 - Prob. 25ECh. 3.3 - Prob. 26ECh. 3.3 - Prob. 27ECh. 3.3 - Prob. 29ECh. 3.3 - Prob. 30ECh. 3.3 - Prob. 31ECh. 3.3 - Prob. 32ECh. 3.3 - Prob. 33ECh. 3.3 - Prob. 34ECh. 3.3 - 35. The revenue (in millions of dollars) from the...Ch. 3.3 - Prob. 36ECh. 3.3 - Prob. 37ECh. 3.3 - Business Suppose you are the manager of a firm....Ch. 3.3 - Business Suppose you are the manager of a firm....Ch. 3.3 - Prob. 40ECh. 3.3 - Prob. 41ECh. 3.3 - Business Suppose you are the manager of a firm....Ch. 3.3 - Prob. 44ECh. 3.3 - Prob. 45ECh. 3.3 - Prob. 46ECh. 3.3 - Prob. 47ECh. 3.3 - Prob. 48ECh. 3.3 - Economics Work the following exercises. (See...Ch. 3.3 - Economics Work the following exercises. (See...Ch. 3.3 - 51. Let the supply and demand for bananas in cents...Ch. 3.3 - Economics Work the following exercises. (See...Ch. 3.3 - Prob. 53ECh. 3.3 - Prob. 54ECh. 3.4 - Checkpoint 1
Graph each quadratic...Ch. 3.4 - Prob. 2CPCh. 3.4 - Prob. 3CPCh. 3.4 - Prob. 4CPCh. 3.4 - Prob. 5CPCh. 3.4 - Prob. 6CPCh. 3.4 - Prob. 1ECh. 3.4 - Prob. 2ECh. 3.4 - The graph of each of the functions in Exercises...Ch. 3.4 - The graph of each of the functions in Exercises...Ch. 3.4 - Without graphing, determine the vertex of the...Ch. 3.4 - Without graphing, determine the vertex of the...Ch. 3.4 - Without graphing, determine the vertex of the...Ch. 3.4 - Without graphing, determine the vertex of the...Ch. 3.4 - Prob. 9ECh. 3.4 - Match each function with its graph, which is one...Ch. 3.4 - Prob. 11ECh. 3.4 - Prob. 12ECh. 3.4 - Prob. 13ECh. 3.4 - Prob. 14ECh. 3.4 - Prob. 15ECh. 3.4 - Prob. 16ECh. 3.4 - Find the rule of a quadratic function whose graph...Ch. 3.4 - Find the rule of a quadratic function whose graph...Ch. 3.4 - Prob. 19ECh. 3.4 - Prob. 20ECh. 3.4 - Without graphing, find the vertex of the parabola...Ch. 3.4 - Prob. 22ECh. 3.4 - Prob. 23ECh. 3.4 - Without graphing, find the vertex of the parabola...Ch. 3.4 - Without graphing, determine the x- and...Ch. 3.4 - Prob. 26ECh. 3.4 - Without graphing, determine the x- and...Ch. 3.4 - Without graphing, determine the x- and...Ch. 3.4 - Prob. 29ECh. 3.4 - Prob. 30ECh. 3.4 - Prob. 31ECh. 3.4 - Graph each parabola and find its vertex and axis...Ch. 3.4 - Work these problems. (See Example...Ch. 3.4 - Work these problems. (See Example 6.)
34. Souvenir...Ch. 3.4 - Work these problems. (See Example 6.) Nerve...Ch. 3.4 - Work these problems. (See Example 6.) Bullet...Ch. 3.4 - Work these problems. (See Example 6.) Automobile...Ch. 3.4 - Work these problems. (See Example...Ch. 3.4 - Use a calculator to work these...Ch. 3.4 - Use a calculator to work these...Ch. 3.4 - 41. Business Suppose the price p of widgets is...Ch. 3.4 - 42. Business The supply function for a commodity...Ch. 3.4 - Business Find the equilibrium quantity and...Ch. 3.4 - Business Find the equilibrium quantity and...Ch. 3.4 - Business Find the equilibrium quantity and...Ch. 3.4 - Business Find the equilibrium quantity and...Ch. 3.4 - Business The revenue function R(x) and the cost...Ch. 3.4 - Business The revenue function R(x) and the cost...Ch. 3.4 - Business The revenue function R(x) and the cost...Ch. 3.4 - Business The revenue function R(x) and the cost...Ch. 3.4 - Business A store owner finds that at a price of...Ch. 3.4 - Business A store owner finds that at a price of ...Ch. 3.4 - Business Work each problem. (See Example 8.)
53. A...Ch. 3.4 - Business Work each problem. (See Example 8.) The...Ch. 3.4 - Business Work each problem. (See Example 8.)
51. A...Ch. 3.4 - Business Work each problem. (See Example...Ch. 3.4 - Business Work each problem. (See Example 8.)
53. A...Ch. 3.4 - Business Work each problem. (See Example...Ch. 3.4 - Prob. 59ECh. 3.4 - Prob. 60ECh. 3.4 - Prob. 61ECh. 3.4 - Prob. 62ECh. 3.4 - Prob. 63ECh. 3.4 - Prob. 64ECh. 3.4 - Prob. 65ECh. 3.4 - Prob. 66ECh. 3.4 - Prob. 67ECh. 3.4 - Prob. 68ECh. 3.5 - Checkpoint 1
Graph
Ch. 3.5 - Checkpoint 2
Graph
Ch. 3.5 - Checkpoint 3
Find a viewing window on a graphing...Ch. 3.5 - Checkpoint 4
Multiply out the expression for in...Ch. 3.5 - Checkpoint 5
Graph
Ch. 3.5 - Graph each of the given polynomial functions. (See...Ch. 3.5 - Prob. 2ECh. 3.5 - Prob. 3ECh. 3.5 - Prob. 4ECh. 3.5 - In Exercises 5-8, state whether the graph could...Ch. 3.5 - In Exercises 5-8, state whether the graph could...Ch. 3.5 - In Exercises 5-8, state whether the graph could...Ch. 3.5 - In Exercises 5-8, state whether the graph could...Ch. 3.5 - In Exercises 9–14, match the given polynomial...Ch. 3.5 - In Exercises 9–14, match the given polynomial...Ch. 3.5 - In Exercises 9–14, match the given polynomial...Ch. 3.5 - In Exercises 9–14, match the given polynomial...Ch. 3.5 - In Exercises 9–14, match the given polynomial...Ch. 3.5 - In Exercises 9–14, match the given polynomial...Ch. 3.5 - Graph each of the given polynomial functions. (See...Ch. 3.5 - Graph each of the given polynomial functions. (See...Ch. 3.5 - Graph each of the given polynomial functions. (See...Ch. 3.5 - 18.
Graph each of the given polynomial functions....Ch. 3.5 - Graph each of the given polynomial functions. (See...Ch. 3.5 - Graph each of the given polynomial functions. (See...Ch. 3.5 - Work these exercises. Home Depot Revenue The...Ch. 3.5 - Work these exercises. Caterpillar Revenue The...Ch. 3.5 - Work these exercises. Home Depot Costs The cost...Ch. 3.5 - Work these exercises. Caterpillar Costs The cost...Ch. 3.5 - Work these exercises.
25. Home Depot Profit Find...Ch. 3.5 - Work these exercises. Caterpillar Profit Find the...Ch. 3.5 - Prob. 33ECh. 3.5 - Prob. 34ECh. 3.5 - Prob. 35ECh. 3.5 - Prob. 36ECh. 3.5 - Prob. 27ECh. 3.5 - In Exercises 27−31, use a calculator to evaluate...Ch. 3.5 - Prob. 29ECh. 3.5 - Polynomial Models Use a graphing calculator to do...Ch. 3.5 - Polynomial Models Use a graphing calculator to do...Ch. 3.5 - Prob. 32ECh. 3.6 - Checkpoint 1
Graph the following.
(a)
(b)
Ch. 3.6 - Prob. 2CPCh. 3.6 - Prob. 3CPCh. 3.6 - Prob. 4CPCh. 3.6 - Checkpoint 5
Rework Example 5 with the...Ch. 3.6 - Prob. 1ECh. 3.6 - Prob. 2ECh. 3.6 - Prob. 3ECh. 3.6 - Prob. 4ECh. 3.6 - Graph each function. Give the equations of the...Ch. 3.6 - Prob. 6ECh. 3.6 - Graph each function. Give the equations of the...Ch. 3.6 - Graph each function. Give the equations of the...Ch. 3.6 - Graph each function. Give the equations of the...Ch. 3.6 - Prob. 10ECh. 3.6 - Prob. 12ECh. 3.6 - Graph each function. Give the equations of the...Ch. 3.6 - Graph each function. Give the equations of the...Ch. 3.6 - Prob. 14ECh. 3.6 - Prob. 15ECh. 3.6 - Prob. 16ECh. 3.6 - Prob. 18ECh. 3.6 - Prob. 17ECh. 3.6 - Prob. 19ECh. 3.6 - Prob. 20ECh. 3.6 - Prob. 21ECh. 3.6 - Average Cost For Exercises 21 and 22, recall that...Ch. 3.6 - Prob. 23ECh. 3.6 - Work these problems. (See Example 2.) NASA The...Ch. 3.6 - Work these problems. (See Example 2.) Pollution...Ch. 3.6 - Prob. 26ECh. 3.6 - Business Sketch the portion of the graph in...Ch. 3.6 - Prob. 28ECh. 3.6 - Prob. 29ECh. 3.6 - Prob. 30ECh. 3.6 - Prob. 31ECh. 3.6 - Prob. 32ECh. 3 - In Exercises 1–6, state whether the given rule...Ch. 3 - Prob. 2RECh. 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 - Graph the functions in Exercises 13–24.
13.
Ch. 3 - Prob. 14RECh. 3 - Graph the functions in Exercises 13–24.
15.
Ch. 3 - Graph the functions in Exercises 13–24.
16.
Ch. 3 - Graph the functions in Exercises 13–24.
17.
Ch. 3 - Prob. 18RECh. 3 - Graph the functions in Exercises 13–24.
19.
Ch. 3 - Graph the functions in Exercises 13–24.
20.
Ch. 3 - Prob. 21RECh. 3 - Prob. 22RECh. 3 - Prob. 24RECh. 3 - Prob. 23RECh. 3 - 25. Business Let be a function that gives the...Ch. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Prob. 28RECh. 3 - Business In Exercises 29-32, find the following:...Ch. 3 - Business In Exercises 29–32, find...Ch. 3 - Business In Exercises 29–32, find the...Ch. 3 - Business In Exercises 29-32, find the...Ch. 3 - 33. Business The cost of producing x ink...Ch. 3 - 34. Business The cost of producing x laser...Ch. 3 - 35. Business Suppose the demand and price for the...Ch. 3 - Prob. 36RECh. 3 - Without graphing, determine whether each of the...Ch. 3 - Without graphing, determine whether each of the...Ch. 3 - Without graphing, determine whether each of the...Ch. 3 - Without graphing, determine whether each of the...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Graph each of the following quadratic functions,...Ch. 3 - Determine whether the functions in Exercises 49–52...Ch. 3 - Determine whether the functions in Exercises 49–52...Ch. 3 - Determine whether the functions in Exercises 49–52...Ch. 3 - Determine whether the functions in Exercises 49–52...Ch. 3 - Prob. 53RECh. 3 - Prob. 54RECh. 3 - 55. Student Loans Interest rates for subsidized...Ch. 3 - Natural Gas Pricing The price of European natural...Ch. 3 - Netflix Revenue Netflix Inc. reported revenue (in...Ch. 3 - Netflix Revenue Netflix Inc. reported revenue (in...Ch. 3 - Use quadratic regression and the data from...Ch. 3 - 60. Use quadratic regression and the data from...Ch. 3 - Prob. 62RECh. 3 - Prob. 61RECh. 3 - Prob. 63RECh. 3 - Prob. 64RECh. 3 - Prob. 65RECh. 3 - Prob. 66RECh. 3 - Use a graphing calculator to do Exercises 67...Ch. 3 - Use a graphing calculator to do Exercises 67 -70....Ch. 3 - Use a graphing calculator to do Exercises 67...Ch. 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 - Find the maximum profit and the number of washing...Ch. 3 - 2. Is the quantity of washing machine loads the...Ch. 3 - Based on this information, what price should the...Ch. 3 - Suppose the owner of the laundry has hired your...
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- As discussed in Section 8.3, the Markowitz model uses the variance of the portfolio as the measure of risk. However, variance includes deviations both below and above the mean return. Semivariance includes only deviations below the mean and is considered by many to be a better measure of risk. (a) Develop a model that minimizes semivariance for the Hauck Financial data given in the file HauckData with a required return of 10%. Assume that the five planning scenarios in the Hauck Financial Services model are equally likely to occur. Hint: Modify model (8.10)–(8.19). Define a variable ds for each scenario and let ds ≥ R − Rs with ds ≥ 0. Then make the objective function: Min 1 5 5 s = 1 ds2. Let FS = proportion of portfolio invested in the foreign stock mutual fund IB = proportion of portfolio invested in the intermediate-term bond fund LG = proportion of portfolio invested in the large-cap growth fund LV = proportion of portfolio invested in the large-cap value fund…arrow_forwardCalculus lll May I please have the blank lines completed, and final statement defined as a result? Thank you for the support!arrow_forwardFor each month of the year, Taylor collected the average high temperatures in Jackson, Mississippi. He used the data to create the histogram shown. Which set of data did he use to create the histogram? A 55, 60, 64, 72, 73, 75, 77, 81, 83, 91, 91, 92\ 55,\ 60,\ 64,\ 72,\ 73,\ 75,\ 77,\ 81,\ 83,\ 91,\ 91,\ 92 55, 60, 64, 72, 73, 75, 77, 81, 83, 91, 91, 92 B 55, 57, 60, 65, 70, 71, 78, 79, 85, 86, 88, 91\ 55,\ 57,\ 60,\ 65,\ 70,\ 71,\ 78,\ 79,\ 85,\ 86,\ 88,\ 91 55, 57, 60, 65, 70, 71, 78, 79, 85, 86, 88, 91 C 55, 60, 63, 64, 65, 71, 83, 87, 88, 88, 89, 93\ 55,\ 60,\ 63,\ 64,\ 65,\ 71,\ 83,\ 87,\ 88,\ 88,\ 89,\ 93 55, 60, 63, 64, 65, 71, 83, 87, 88, 88, 89, 93 D 55, 58, 60, 66, 68, 75, 77, 82, 86, 89, 91, 91\ 55,\ 58,\ 60,\ 66,\ 68,\ 75,\ 77,\ 82,\ 86,\ 89,\ 91,\ 91 55, 58, 60, 66, 68, 75, 77, 82, 86, 89, 91, 91arrow_forward
- 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.)arrow_forwardProblem 4. Margrabe formula and the Greeks (20 pts) In the homework, we determined the Margrabe formula for the price of an option allowing you to swap an x-stock for a y-stock at time T. For stocks with initial values xo, yo, common volatility σ and correlation p, the formula was given by Fo=yo (d+)-x0Þ(d_), where In (±² Ꭲ d+ õ√T and σ = σ√√√2(1 - p). дго (a) We want to determine a "Greek" for ỡ on the option: find a formula for θα (b) Is дго θα positive or negative? (c) We consider a situation in which the correlation p between the two stocks increases: what can you say about the price Fo? (d) Assume that yo< xo and p = 1. What is the price of the option?arrow_forwardThe Course Name Real Analysis please Solve questions by Real Analysisarrow_forward
- We consider a 4-dimensional stock price model given (under P) by dẴ₁ = µ· Xt dt + йt · ΣdŴt where (W) is an n-dimensional Brownian motion, π = (0.02, 0.01, -0.02, 0.05), 0.2 0 0 0 0.3 0.4 0 0 Σ= -0.1 -4a За 0 0.2 0.4 -0.1 0.2) and a E R. We assume that ☑0 = (1, 1, 1, 1) and that the interest rate on the market is r = 0.02. (a) Give a condition on a that would make stock #3 be the one with largest volatility. (b) Find the diversification coefficient for this portfolio as a function of a. (c) Determine the maximum diversification coefficient d that you could reach by varying the value of a? 2arrow_forwardQuestion 1. Your manager asks you to explain why the Black-Scholes model may be inappro- priate for pricing options in practice. Give one reason that would substantiate this claim? Question 2. We consider stock #1 and stock #2 in the model of Problem 2. Your manager asks you to pick only one of them to invest in based on the model provided. Which one do you choose and why ? Question 3. Let (St) to be an asset modeled by the Black-Scholes SDE. Let Ft be the price at time t of a European put with maturity T and strike price K. Then, the discounted option price process (ert Ft) t20 is a martingale. True or False? (Explain your answer.) Question 4. You are considering pricing an American put option using a Black-Scholes model for the underlying stock. An explicit formula for the price doesn't exist. In just a few words (no more than 2 sentences), explain how you would proceed to price it. Question 5. We model a short rate with a Ho-Lee model drt = ln(1+t) dt +2dWt. Then the interest rate…arrow_forwardIn 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.)arrow_forward
- 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.arrow_forwardThe 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…arrow_forward3. 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.arrow_forward
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