Mathematics: A Practical Odyssey
8th Edition
ISBN: 9781305104174
Author: David B. Johnson, Thomas A. Mowry
Publisher: Cengage Learning
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Chapter 4.1, Problem 30E
To determine
(a)
To sketch:
The histogram to represent the data for median home price.
To determine
(b)
To find:
The results about the towns, related to median home price.
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Students have asked these similar questions
9. An elementary single period market model contains a risk-free asset with interest rate
r = 5% and a risky asset S which has price 30 at time t = 0 and will have either price
10 or 60 at time t = 1. Find a replicating strategy for a contingent claim with payoff
h(S₁) = max(20 - S₁, 0) + max(S₁ — 50, 0).
Total [8 Marks]
8. An elementary single period market model has a risky asset with price So = 20 at the
beginning and a money market account with interest rate r = 0.04 compounded only
once at the end of the investment period.
=
=
In market model A, S₁ 10 with 15% probability and S₁
21 with 85% probability.
In market model B, S₁ = 25 with 10% probability and S₁ = 30 with 90% probability.
For each market model A, B, determine if the model is arbitrage-free. If not, construct
an arbitrage.
Total [9 Marks]
b) Solve the following linear program using the 2-phase simplex algorithm. You should give
the initial tableau, and each further tableau produced during the execution of the
algorithm. If the program has an optimal solution, give this solution and state its
objective value. If it does not have an optimal solution, say why.
maximize ₁ - 2x2+x34x4
subject to 2x1+x22x3x41,
5x1 + x2-x3-×4 ≤ −1,
2x1+x2-x3-34
2,
1, 2, 3, 40.
Chapter 4 Solutions
Mathematics: A Practical Odyssey
Ch. 4.1 - To study the library habits of students at a local...Ch. 4.1 - To study the eating habits of students at a local...Ch. 4.1 - To study the composition of families in Manistee,...Ch. 4.1 - To study the spending habits of shoppers in...Ch. 4.1 - The speeds, in miles per hour, of forty randomly...Ch. 4.1 - The weight, in pounds, of thirty-five packages of...Ch. 4.1 - To examine the effects of a new registration...Ch. 4.1 - The frequency distribution shown in Figure 4.21...Ch. 4.1 - The frequency distribution shown in Figure 4.22...Ch. 4.1 - To study the output of a machine that fills boxes...
Ch. 4.1 - The ages of the nearly 4 million women who gave...Ch. 4.1 - The age composition of the population of the...Ch. 4.1 - Using the data in Figure 4.26, replace the...Ch. 4.1 - Using the data in Figure 4.26, replace the...Ch. 4.1 - The frequency distribution shown in Figure 4.27...Ch. 4.1 - The frequency distribution shown in Figure 4.28...Ch. 4.1 - Figure 4.29 lists the top five reasons given by...Ch. 4.1 - Figure 4.30 lists the worlds top six countries as...Ch. 4.1 - Figure 4.31 lists the race of new AIDS cases in...Ch. 4.1 - Figure 4.32 lists the types of accidental deaths...Ch. 4.1 - Figure 4.33 lists some common specialities of...Ch. 4.1 - Figure 4.34 lists the major metropolitan areas on...Ch. 4.1 - Answer the following questions using complete...Ch. 4.1 - Answer the following questions using complete...Ch. 4.1 - Answer the following questions using complete...Ch. 4.1 - Answer the following questions using complete...Ch. 4.1 - Answer the following questions using complete...Ch. 4.1 - Prob. 28ECh. 4.1 - Use a graphing calculator or Excel on the...Ch. 4.1 - Prob. 30ECh. 4.2 - Exercises 1-4, find mean, median, and mode of the...Ch. 4.2 - In Exercises 1-4, find mean, median, and mode of...Ch. 4.2 - Exercises 1-4, find mean, median, and mode of the...Ch. 4.2 - Prob. 4ECh. 4.2 - Prob. 5ECh. 4.2 - Find the mean, median, and mode of each set of...Ch. 4.2 - Find the mean, median, and mode of each set of...Ch. 4.2 - Prob. 8ECh. 4.2 - Kaitlin Mowry is a member of local 4-H club and...Ch. 4.2 - Prob. 10ECh. 4.2 - Jerry Rice holds the all-time record in...Ch. 4.2 - Wayne Gretzky, known as The Great One, holds the...Ch. 4.2 - Relief pitcher Mariano Rivera New York Yankees...Ch. 4.2 - Michael Jordan has been recognized as an...Ch. 4.2 - The frequency distribution in Figure 4.61 lists...Ch. 4.2 - Todd booth, an avid jogger, kept detailed records...Ch. 4.2 - To study the output of a machine that fills boxes...Ch. 4.2 - To study the efficiency of its new price-scanning...Ch. 4.2 - Katrina must take five exams in a math class. If...Ch. 4.2 - Eugene must take four exams in a geography class....Ch. 4.2 - The mean salary of twelve men is 58,000, and the...Ch. 4.2 - The mean salary of twelve men is 52,000, and the...Ch. 4.2 - Maria drove from Chicago, Illinois, to Milwaukee,...Ch. 4.2 - Sully drove from Atlanta, Georgia, to Birmingham,...Ch. 4.2 - The mean age of a class of twenty-five students is...Ch. 4.2 - The mean age of a class of fifteen students is...Ch. 4.2 - The mean salary of eight employees is 40.000, and...Ch. 4.2 - The mean salary of ten employees is 32,000, and...Ch. 4.2 - The number of civilians holding government jobs in...Ch. 4.2 - The ages of the nearly 4 million women who gave...Ch. 4.2 - The age composition of the population of the...Ch. 4.2 - In Exercises 32 and 33. use the age composition of...Ch. 4.2 - In Exercises 32 and 33. use the age composition of...Ch. 4.2 - Prob. 34ECh. 4.2 - Suppose the mean of Group I is A and the mean of...Ch. 4.2 - Prob. 36ECh. 4.3 - Perform each task, given the following sample...Ch. 4.3 - Perform each task, given the following sample...Ch. 4.3 - Perform each task, given the following sample...Ch. 4.3 - Find the mean and standard deviation of each set...Ch. 4.3 - Find the mean and standard deviation of each set...Ch. 4.3 - Find the mean and standard deviation of each set...Ch. 4.3 - 7.Joey and Dee Dee bowled five games at the Rock n...Ch. 4.3 - Paki surveyed the price of unleaded gasoline...Ch. 4.3 - Kaitlin Mowry is a member of the local 4H club and...Ch. 4.3 - Before Lance Armstrong admitted doping and was...Ch. 4.3 - 11.Relief pitcher Mariano RiveraNew York Yankees...Ch. 4.3 - Micheal Jordan has been recognized as an...Ch. 4.3 - The Truly Amazing Dudes are a group of comic...Ch. 4.3 - The weights in Pounds of the ten Truly Amazing...Ch. 4.3 - The normal monthly rainfall in Seattle,...Ch. 4.3 - The normal monthly rainfall in Phoenix, Arizona,...Ch. 4.3 - The frequency distribution in Figure 4.87 lists...Ch. 4.3 - Prob. 18ECh. 4.3 - To study the output of a machine that fills boxes...Ch. 4.3 - To study the efficiency of its new price-scanning...Ch. 4.3 - Prob. 21ECh. 4.3 - Prob. 22ECh. 4.3 - Prob. 23ECh. 4.3 - The ages of all employees at a specific state...Ch. 4.3 - Prob. 25ECh. 4.3 - Prob. 26ECh. 4.3 - Prob. 27ECh. 4.3 - Prob. 28ECh. 4.3 - Prob. 29ECh. 4.3 - Prob. 31ECh. 4.3 - Prob. 32ECh. 4.3 - Do Double Stuff Oreos really contain twice as much...Ch. 4.3 - Prob. 34ECh. 4.3 - Prob. 35ECh. 4.3 - Prob. 36ECh. 4.3 - Prob. 37ECh. 4.3 - Prob. 38ECh. 4.4 - The weight in ounces of several bags of corn chips...Ch. 4.4 - 451 435 482 449 454 451 479 448 432 423 461 475...Ch. 4.4 - The time in minutes spent waiting in line for...Ch. 4.4 - A die was rolled several times, and the results...Ch. 4.4 - What percent of the standard normal z-...Ch. 4.4 - What percent of the standard normal z-...Ch. 4.4 - What percent of the standard normal z-...Ch. 4.4 - What percent of the standard normal z-...Ch. 4.4 - A population is normally distributed with mean...Ch. 4.4 - A population is normally distributed with mean...Ch. 4.4 - Find the following probabilities. a. p(0<z<1.62)...Ch. 4.4 - Find the following probabilities. a. p(0<z<1.42)...Ch. 4.4 - Find c such that each of the following is true. a....Ch. 4.4 - Find c such that each of the following is true. a....Ch. 4.4 - A population X is normally distributed with mean...Ch. 4.4 - A population X is normally distributed with mean...Ch. 4.4 - A population is normally distributed with mean...Ch. 4.4 - A population is normally distributed with mean...Ch. 4.4 - The mean weight of a box of cereal filled by a...Ch. 4.4 - The amount of time required to assemble a...Ch. 4.4 - The time it takes an acrylic paint to dry is...Ch. 4.4 - The shrinkage in length of a certain brand of blue...Ch. 4.4 - The mean volume of a carton of milk filled by a...Ch. 4.4 - The amount of time between taking a pain reliever...Ch. 4.4 - The results of a statewide exam for assessing the...Ch. 4.4 - Professor Harde assumes that exam scores are...Ch. 4.4 - The time it takes an employee to package the...Ch. 4.4 - The time it takes an employee to package the...Ch. 4.4 - What are the characteristics of a normal...Ch. 4.4 - Are all distributions of data normal distributed?...Ch. 4.4 - Why is total area under a bell curve equal to 1?.Ch. 4.4 - Why are there no negative z-numbers in the body...Ch. 4.4 - When converting an x-number to a z-number, what...Ch. 4.4 - Is it logical to assume that the heights of all...Ch. 4.4 - Is it reasonable to assume that the ages of all...Ch. 4.4 - Prob. 36ECh. 4.4 - Prob. 37ECh. 4.5 - In exercises 1-4, use the body table in Appendix F...Ch. 4.5 - In exercises 1-4, use the body table in Appendix F...Ch. 4.5 - In exercises 1-4, use the body table in Appendix F...Ch. 4.5 - In exercises 1-4, use the body table in Appendix F...Ch. 4.5 - Find the z-number associated with a 92 level of...Ch. 4.5 - Find the z-number associated with a 97 level of...Ch. 4.5 - Find the z-number associated with a 75 level of...Ch. 4.5 - Find the z-number associated with a 85 level of...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 9-22, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 9-22, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - In Exercises 922, round off your answers sample...Ch. 4.5 - A survey asked, Can you imagine a situation in...Ch. 4.5 - A survey asked, Do you think that homeless people...Ch. 4.5 - A sample consisting of 430 men and 765 women was...Ch. 4.5 - A sample consisting of 942 men and 503 women was...Ch. 4.5 - A poll pertaining to environmental concerns had...Ch. 4.5 - A poll pertaining to educational goals had the...Ch. 4.5 - A recent poll pertaining to educational reforms...Ch. 4.5 - A recent poll pertaining to educational reforms...Ch. 4.5 - In exercises 29-32, you are planning a survey for...Ch. 4.5 - In exercises 29-32, you are planning a survey for...Ch. 4.5 - Prob. 31ECh. 4.5 - Prob. 32ECh. 4.5 - Prob. 33ECh. 4.5 - Prob. 34ECh. 4.5 - Prob. 35ECh. 4.5 - Prob. 36ECh. 4.5 - Prob. 37ECh. 4.5 - Prob. 38ECh. 4.5 - Prob. 39ECh. 4.6 - A set of n=6 ordered pairs has the following sums:...Ch. 4.6 - A set of n=8 ordered pairs has the following sums:...Ch. 4.6 - A set of n=5 ordered pairs has the following sums:...Ch. 4.6 - Given the ordered pairs (4,40), (6,37), (8,34) and...Ch. 4.6 - Given the ordered pairs (5,5), (7,10), (8,11),...Ch. 4.6 - 6.Given the ordered pairs (5,20), (6,15), (10,14),...Ch. 4.6 - Given the ordered pairs (2,6), (3,12), (6,15),...Ch. 4.6 - 8.The unemployment rate and the amount of...Ch. 4.6 - 9.The average hourly earnings and the average...Ch. 4.6 - Prob. 10ECh. 4.6 - The amounts of rice and tobacco grown in the...Ch. 4.6 - The median home price and average mortgage rate in...Ch. 4.6 - Prob. 13ECh. 4.6 - Prob. 14ECh. 4.6 - Prob. 15ECh. 4.6 - Prob. 16ECh. 4.6 - Prob. 17ECh. 4.6 - Throughout the twentieth century, the record time...Ch. 4.6 - 19.Heart disease is a much less problem in France...Ch. 4.CR - Find a the mean, b the median, c the mode, and d...Ch. 4.CR - To study the compositions of the families in...Ch. 4.CR - Prob. 3CRCh. 4.CR - Prob. 4CRCh. 4.CR - Prob. 5CRCh. 4.CR - The mean salary of twelve men is $37000 and the...Ch. 4.CR - Prob. 7CRCh. 4.CR - Prob. 8CRCh. 4.CR - Prob. 9CRCh. 4.CR - Classify the following types of data as discrete,...Ch. 4.CR - Prob. 11CRCh. 4.CR - Prob. 12CRCh. 4.CR - Prob. 13CRCh. 4.CR - All incoming freshmen at a major university are...Ch. 4.CR - Prob. 15CRCh. 4.CR - Prob. 16CRCh. 4.CR - Prob. 17CRCh. 4.CR - Prob. 18CRCh. 4.CR - Prob. 19CRCh. 4.CR - Prob. 20CRCh. 4.CR - Prob. 21CRCh. 4.CR - Prob. 22CRCh. 4.CR - Prob. 23CRCh. 4.CR - Prob. 24CRCh. 4.CR - Prob. 25CRCh. 4.CR - Prob. 26CRCh. 4.CR - Prob. 27CRCh. 4.CR - Prob. 28CRCh. 4.CR - Answer the following questions using complete...
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