Discrete Mathematics And Its Applications 7th Edition
7th Edition
ISBN: 9781259152153
Author: Kenneth H. Rosen
Publisher: MCG CUSTOM
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Textbook Question
Chapter 3.3, Problem 24E
- An algorithm is calledoptimalfor the solution of a problem with respect to a specified operation if there is no algorithm for solving this problem using fewer operations.
- Show that Algorithm 1 in Section 3.1 is an optimal algorithm respect to the number of comparisons of integers. [Note: Comparisons used for bookkeeping in the loop are not of concern here.]
- Is the linear search algorithm optimal with respect to the number of comparisons of integers (not including comparisons used for bookkeeping in the loop)?
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We consider an N-period CRR model where each period is 1 year (At = 1), the up factor is
u = 0.1, the down factor is d = e−0.3 and r = 0. We remind you that in the CRR model, the
stock price at time tn is modeled (under P) by
Sta
=
So exp (μtn + σ√AtZn),
where (Zn) is a simple symmetric random walk.
(a) Find the parameters μ and σ for the CRR model described above.
(b) Find P
Ste
So
55/50
€ > 1).
StN
(c) Find lim P
804-N
(d) Determine q. (You can use e- 1 x.)
Ste
(e) Find Q
So
(f) Find lim Q
004-N
StN
So
In this problem, we consider a 3-period stock market model with evolution given in Fig. 1 below.
Each period corresponds to one year. The interest rate is r = 0%.
16
22
28
12
16
12
8
4
2
time
Figure 1: Stock evolution for Problem 1.
(a) A colleague notices that in the model above, a movement up-down leads to the same value
as a movement down-up. He concludes that the model is a CRR model. Is your colleague
correct? (Explain your answer.)
(b) We consider a European put with strike price K = 10 and expiration T = 3 years. Find
the price of this option at time 0. Provide the replicating portfolio for the first period.
(c) In addition to the call above, we also consider a European call with strike price K = 10
and expiration T = 3 years. Which one has the highest price? (It is not necessary to
provide the price of the call.)
(d) We now assume a yearly interest rate r = 25%. We consider a Bermudan put option with
strike price K = 10. It works like a standard put, but you can exercise it…
In this problem, we consider a 2-period stock market model with evolution given in Fig. 1 below.
Each period corresponds to one year (At = 1). The yearly interest rate is r = 1/3 = 33%. This
model is a CRR model.
25
15
9
10
6
4
time
Figure 1: Stock evolution for Problem 1.
(a) Find the values of up and down factors u and d, and the risk-neutral probability q.
(b) We consider a European put with strike price K
the price of this option at time 0.
==
16 and expiration T = 2 years. Find
(c) Provide the number of shares of stock that the replicating portfolio contains at each pos-
sible position.
(d) You find this option available on the market for $2. What do you do? (Short answer.)
(e) We consider an American put with strike price K
= 16 and expiration T
=
2 years. Find
the price of this option at time 0 and describe the optimal exercising strategy.
(f) We consider an American call with strike price K ○ = 16 and expiration T = 2 years. Find
the price of this option at time 0 and describe…
Chapter 3 Solutions
Discrete Mathematics And Its Applications 7th Edition
Ch. 3.1 - List all the steps used by Algorithm 1 to find the...Ch. 3.1 - Determine which characteristics of an algorithm...Ch. 3.1 - Devise an algorithm that finds the sum of all the...Ch. 3.1 - Describe an algorithm that takes as input a list...Ch. 3.1 - Describe an algorithm that takes as input a list...Ch. 3.1 - Describe an algorithm that takes as input a list...Ch. 3.1 - Describe an algorithm that takes as input a list...Ch. 3.1 - Describe an algorithm that takes as input a list...Ch. 3.1 - Apalindromeis a string that reads the same forward...Ch. 3.1 - Devise an algorithm to computexn, wherexis a real...
Ch. 3.1 - Describe an algorithm that interchanges the values...Ch. 3.1 - cribe an algorithm that uses only assignment...Ch. 3.1 - List all the steps used to search for 9 in the...Ch. 3.1 - List all the steps used to search for 7 in the...Ch. 3.1 - cribe an algorithm that inserts an integerxin the...Ch. 3.1 - Describe an algorithm for finding the smallest...Ch. 3.1 - Describe an algorithm that locates the first...Ch. 3.1 - Describe an algorithm that locates the last...Ch. 3.1 - Describe an algorithm that produces the maximum,...Ch. 3.1 - Describe an algorithm for finding both the largest...Ch. 3.1 - Describe an algorithm that puts the first three...Ch. 3.1 - Prob. 22ECh. 3.1 - Prob. 23ECh. 3.1 - Describe an algorithm that determines whether a...Ch. 3.1 - Describe an algorithm that will count the number...Ch. 3.1 - nge Algorithm 3 so that the binary search...Ch. 3.1 - Theternary search algorithmlocates an element in a...Ch. 3.1 - Specify the steps of an algorithm that locates an...Ch. 3.1 - Devise an algorithm that finds a mode in a list of...Ch. 3.1 - Devise an algorithm that finds all modes. (Recall...Ch. 3.1 - Two strings areanagramsif each can be formed from...Ch. 3.1 - ennreal numbersx1,x2,...,xn , find the two that...Ch. 3.1 - Devise an algorithm that finds the first term of a...Ch. 3.1 - Prob. 34ECh. 3.1 - Prob. 35ECh. 3.1 - Use the bubble sort to sort 6, 2, 3, 1, 5, 4,...Ch. 3.1 - Use the bubble sort to sort 3, 1, 5, 7, 4, showing...Ch. 3.1 - Use the bubble sort to sortd,f,k,m,a,b, showing...Ch. 3.1 - Adapt the bubble sort algorithm so that it stops...Ch. 3.1 - Use the insertion sort to sort the list in...Ch. 3.1 - Use the insertion sort to sort the list in...Ch. 3.1 - Use the insertion sort to sort the list in...Ch. 3.1 - Sort these lists using the selection sort....Ch. 3.1 - Write the selection sort algorithm in pseudocode.Ch. 3.1 - Describe an algorithm based on the linear search...Ch. 3.1 - Describe an algorithm based on the binary search...Ch. 3.1 - How many comparisons does the insertion sort use...Ch. 3.1 - How many comparisons does the insertion sort use...Ch. 3.1 - Show all the steps used by the binary insertion...Ch. 3.1 - Compare the number of comparisons used by the...Ch. 3.1 - Prob. 51ECh. 3.1 - Devise a variation of the insertion sort that uses...Ch. 3.1 - Prob. 53ECh. 3.1 - List all the steps the naive string matcher uses...Ch. 3.1 - List all the steps the naive string matcher uses...Ch. 3.1 - Use the cashier’s algorithm to make change using...Ch. 3.1 - Use the cashier’s algorithm to make change using...Ch. 3.1 - Use the cashier’s algorithm to make change using...Ch. 3.1 - Prob. 59ECh. 3.1 - Show that if there were a coin worth 12 cents, the...Ch. 3.1 - Prob. 61ECh. 3.1 - Prob. 62ECh. 3.1 - Devise a greedy algorithm that determines the...Ch. 3.1 - Suppose we have three menm1,m2, andm3and three...Ch. 3.1 - Write the deferred acceptance algorithm in...Ch. 3.1 - Prob. 66ECh. 3.1 - Prob. 67ECh. 3.1 - Prob. 68ECh. 3.1 - Prove that the Boyer-Moore majority vote algorithm...Ch. 3.1 - Show that the problem of determining whether a...Ch. 3.1 - Prob. 71ECh. 3.1 - Show that the problem of deciding whether a...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Prob. 11ECh. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - Exercises 1—14, to establish a big-Orelationship,...Ch. 3.2 - ermine whetherx3isO(g(x))for each of these...Ch. 3.2 - Explain what it means for a function to be 0(1)Ch. 3.2 - w that iff(x)isO(x)thenf(x)isO(x2).Ch. 3.2 - Suppose thatf(x),g(x), andh(x)are functions such...Ch. 3.2 - kbe a positive integer. Show...Ch. 3.2 - Prob. 19ECh. 3.2 - To simplify:(3a5)3 27a15 Given information:(3a5)3....Ch. 3.2 - ange the functionsn, 1000 logn,nlogn,2n!,2n,3n,...Ch. 3.2 - Arrange the...Ch. 3.2 - Suppose that you have two different algorithms for...Ch. 3.2 - Suppose that you have two different algorithms for...Ch. 3.2 - Give as good a big-Oestimate as possible for each...Ch. 3.2 - e a big-Oestimate for each of these functions. For...Ch. 3.2 - Give a big-Oestimate for each of these functions....Ch. 3.2 - each function in Exercise 1, determine whether...Ch. 3.2 - Prob. 29ECh. 3.2 - Show that each of these pairs of functions are of...Ch. 3.2 - Prob. 31ECh. 3.2 - w thatf(x)andg(x)are functions from the set of...Ch. 3.2 - Prob. 33ECh. 3.2 - Show that3x2+x+1is(3x2)by directly finding the...Ch. 3.2 - Prob. 35ECh. 3.2 - lain what it means for a function to be(1).Ch. 3.2 - Prob. 37ECh. 3.2 - Give a big-Oestimate of the product of the...Ch. 3.2 - Prob. 39ECh. 3.2 - Prob. 40ECh. 3.2 - Prob. 41ECh. 3.2 - pose thatf(x)isO(g(x)). Does it follow...Ch. 3.2 - Prob. 43ECh. 3.2 - pose thatf(x),g(x), andh(x)are functions such...Ch. 3.2 - Prob. 45ECh. 3.2 - Prob. 46ECh. 3.2 - Prob. 47ECh. 3.2 - ress the relationshipf(x)is(g(x))using a picture....Ch. 3.2 - Prob. 49ECh. 3.2 - w that iff(x)=anxn+an1xn1++a1x+a0,...Ch. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - Prob. 53ECh. 3.2 - w thatx5y3+x4y4+x3y5is(x3y3).Ch. 3.2 - w thatxyisO(xy).Ch. 3.2 - w thatxyis(xy).Ch. 3.2 - Prob. 57ECh. 3.2 - Prob. 58ECh. 3.2 - Prob. 59ECh. 3.2 - Prob. 60ECh. 3.2 - Prob. 61ECh. 3.2 - (Requires calculus) Prove or disprove that (2n)!...Ch. 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 - Show thatnlognisO(logn!).Ch. 3.2 - Prob. 74ECh. 3.2 - Prob. 75ECh. 3.2 - Prob. 76ECh. 3.2 - (Requires calculus) For each of these pairs of...Ch. 3.3 - Give a big-Oestimate for the number of operations...Ch. 3.3 - Give a big-Oestimate for the number additions used...Ch. 3.3 - Give a big-Oestimate for the number of operations,...Ch. 3.3 - Give a big-Oestimate for the number of operations,...Ch. 3.3 - Prob. 5ECh. 3.3 - Use pseudocode to describe the algorithm that puts...Ch. 3.3 - Suppose that an element is known to be among the...Ch. 3.3 - Prob. 8ECh. 3.3 - Give a big-Oestimate for the number of comparisons...Ch. 3.3 - Show that this algorithm determines the number of...Ch. 3.3 - pose we havensubsetsS1,S2, ...,Snof the set {1, 2,...Ch. 3.3 - Consider the following algorithm, which takes as...Ch. 3.3 - The conventional algorithm for evaluating a...Ch. 3.3 - re is a more efficient algorithm (in terms of the...Ch. 3.3 - t is the largestnfor which one can solve within...Ch. 3.3 - What is the largestnfor which one can solve within...Ch. 3.3 - What is the largestnfor which one can solve within...Ch. 3.3 - How much time does an algorithm take to solve a...Ch. 3.3 - Prob. 19ECh. 3.3 - What is the effect in the time required to solve a...Ch. 3.3 - Prob. 21ECh. 3.3 - Determine the least number of comparisons, or...Ch. 3.3 - Analyze the average-case performance of the linear...Ch. 3.3 - An algorithm is calledoptimalfor the solution of a...Ch. 3.3 - Describe the worst-case time complexity, measured...Ch. 3.3 - Prob. 26ECh. 3.3 - Prob. 27ECh. 3.3 - Prob. 28ECh. 3.3 - Analyze the worst-case time complexity of the...Ch. 3.3 - Analyze the worst-case time complexity of the...Ch. 3.3 - Analyze the worst-case time complexity of the...Ch. 3.3 - Prob. 32ECh. 3.3 - Prob. 33ECh. 3.3 - Prob. 34ECh. 3.3 - Determine a big-O estimate for the worst-case...Ch. 3.3 - Determine the number of character comparisons used...Ch. 3.3 - Determine a big-Oestimate of the number of...Ch. 3.3 - Prob. 38ECh. 3.3 - Prob. 39ECh. 3.3 - Show that the greedy algorithm for making change...Ch. 3.3 - rcises 41 and 42 deal with the problem of...Ch. 3.3 - rcises 41 and 42 deal with the problem of...Ch. 3.3 - Prob. 43ECh. 3.3 - Prob. 44ECh. 3.3 - Prob. 45ECh. 3.3 - Prob. 46ECh. 3.3 - Prob. 47ECh. 3.3 - Prob. 48ECh. 3.3 - Prob. 49ECh. 3 - Define the termalgorithm. What are the different...Ch. 3 - Describe, using English, an algorithm for finding...Ch. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - Prob. 5RQCh. 3 - Define what the worst-case time complexity,...Ch. 3 - Prob. 7RQCh. 3 - Describe the bubble sort algorithm. Use the bubble...Ch. 3 - Describe the insertion sort algorithm. Use the...Ch. 3 - Explain the concept of a greedy algorithm. Provide...Ch. 3 - Prob. 11RQCh. 3 - Describe an algorithm for locating the last...Ch. 3 - Prob. 2SECh. 3 - Give an algorithm to determine whether a bit...Ch. 3 - Suppose that a list contains integers that are in...Ch. 3 - Prob. 5SECh. 3 - Prob. 6SECh. 3 - Prob. 7SECh. 3 - Prob. 8SECh. 3 - Prob. 9SECh. 3 - Prob. 10SECh. 3 - Show the steps used by the shaker sort to sort the...Ch. 3 - Express the shaker sort in pseudocode.Ch. 3 - Prob. 13SECh. 3 - Prob. 14SECh. 3 - Prob. 15SECh. 3 - w that8x3+12x+100logxisO(x3).Ch. 3 - Prob. 17SECh. 3 - Prob. 18SECh. 3 - Prob. 19SECh. 3 - w thatnnis notO(n!).Ch. 3 - Prob. 21SECh. 3 - Prob. 22SECh. 3 - Prob. 23SECh. 3 - Prob. 24SECh. 3 - Arrange the...Ch. 3 - Prob. 26SECh. 3 - Prob. 27SECh. 3 - Show that if the denominations of coins arec0,c1,...Ch. 3 - Prob. 29SECh. 3 - Prob. 30SECh. 3 - Prob. 31SECh. 3 - Show that the deferred acceptance algorithm given...Ch. 3 - Prob. 33SECh. 3 - Show that when woman do the proposing in the...Ch. 3 - Prob. 35SECh. 3 - Prob. 36SECh. 3 - Prob. 37SECh. 3 - Prob. 38SECh. 3 - Prob. 39SECh. 3 - Prob. 40SECh. 3 - Prob. 41SECh. 3 - Exercises 4246 we will study the problem of load...Ch. 3 - Prob. 43SECh. 3 - Prob. 44SECh. 3 - Prob. 45SECh. 3 - Prove that the algorithm from Exercise 44 is a...Ch. 3 - Prob. 1CPCh. 3 - Prob. 2CPCh. 3 - Prob. 3CPCh. 3 - Prob. 4CPCh. 3 - Prob. 5CPCh. 3 - Prob. 6CPCh. 3 - Prob. 7CPCh. 3 - Given an integern, use the cashier’s algorithm to...Ch. 3 - Prob. 9CPCh. 3 - Prob. 10CPCh. 3 - Prob. 11CPCh. 3 - Prob. 1CAECh. 3 - Prob. 2CAECh. 3 - Using a generator of random orderings of the...Ch. 3 - Prob. 4CAECh. 3 - Write a program that animates the progress of all...Ch. 3 - Examine the history of the wordalgorithmand...Ch. 3 - Prob. 2WPCh. 3 - Explain how sorting algorithms can be classified...Ch. 3 - Prob. 4WPCh. 3 - Prob. 5WPCh. 3 - Prob. 6WPCh. 3 - Describe the historic trends in how quickly...Ch. 3 - Develop a detailed list of algorithmic paradigms...Ch. 3 - Explain what the Turing Award is and describe the...Ch. 3 - Prob. 10WPCh. 3 - Prob. 11WPCh. 3 - Describe six different NP-complete problems.Ch. 3 - Prob. 13WP
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