Mathematical Excursions (MindTap Course List)
4th Edition
ISBN: 9781305965584
Author: Richard N. Aufmann, Joanne Lockwood, Richard D. Nation, Daniel K. Clegg
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 4.3, Problem 29ES
To determine
In a weighted voting system, two voters have the same weight. Must they also have the same Banzhaf power index?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
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 4 Solutions
Mathematical Excursions (MindTap Course List)
Ch. 4.1 - Verify this apportionment using the Jefferson...Ch. 4.1 - Find the apportionment that would have resulted if...Ch. 4.1 - Prob. 3EECh. 4.1 - Find the apportionment that would have resulted if...Ch. 4.1 - Explain how to calculate the standard divisor of...Ch. 4.1 - Teacher Aides A total of 25 teacher aides are to...Ch. 4.1 - In the Hamilton apportionment method, explain how...Ch. 4.1 - Prob. 4ESCh. 4.1 - Governing Boards The following table shows how the...Ch. 4.1 - Forest Rangers The table below shows how the...
Ch. 4.1 - Sales Associates The table below shows the number...Ch. 4.1 - Hospital Interns The table below shows the number...Ch. 4.1 - House of Representatives The U.S. House of...Ch. 4.1 - College Enrollment The following table shows the...Ch. 4.1 - Medical Care A hospital district consists of six...Ch. 4.1 - What is the Alabama paradox?Ch. 4.1 - What is the population paradox?Ch. 4.1 - What is the new states paradox?Ch. 4.1 - 15. What is the Balinski-Young Impossibility...Ch. 4.1 - Apportionment of Projectors Consider the...Ch. 4.1 - Hotel Management A company operates four resorts....Ch. 4.1 - Prob. 18ESCh. 4.1 - Management Scientific Research Corporation has...Ch. 4.1 - Prob. 20ESCh. 4.1 - Elementary School Teachers The following table...Ch. 4.1 - Social Workers The following table shows the...Ch. 4.1 - Computer Usage The table below shows the number of...Ch. 4.1 - The population of Illinois increased by over...Ch. 4.1 - Prob. 25ESCh. 4.1 - Prob. 26ESCh. 4.1 - Computer Usage Use the Webster method to apportion...Ch. 4.1 - Demographics The table below shows the populations...Ch. 4.1 - Which of she following apportionment methods can...Ch. 4.1 - According to Michael Balinski and H. Peyton Young,...Ch. 4.1 - 31. What method is presently used to apportion the...Ch. 4.1 - Prob. 32ESCh. 4.1 - John Quincy Adams, the sixth president of the...Ch. 4.1 - In the Huntington-Hill method of apportionment,...Ch. 4.1 - Prob. 35ESCh. 4.2 - Using the Borda method of voting, which flavor of...Ch. 4.2 - Instead of using the normal Borda method, suppose...Ch. 4.2 - Prob. 3EECh. 4.2 - Suppose the Borda method used in Exercise I of...Ch. 4.2 - Prob. 5EECh. 4.2 - Can the assignment of points for first. Second,...Ch. 4.2 - Prob. 7EECh. 4.2 - Prob. 1ESCh. 4.2 - Explain why the plurality voting system may not be...Ch. 4.2 - Prob. 3ESCh. 4.2 - Explain how the plurality with elimination voting...Ch. 4.2 - Prob. 5ESCh. 4.2 - Prob. 6ESCh. 4.2 - Is there a best voting method? Is one method more...Ch. 4.2 - Explain why. if only two candidates are running,...Ch. 4.2 - Presidential Election The table below shows the...Ch. 4.2 - Breakfast Cereal Sixteen people were asked to rank...Ch. 4.2 - Cartoon Characters A kindergarten class was...Ch. 4.2 - Catering A 15-person committee is having lunch...Ch. 4.2 - Movies Fifty consumers were surveyed about their...Ch. 4.2 - Breakfast Cereal Use the Borda count method of...Ch. 4.2 - Prob. 15ESCh. 4.2 - Catering Use the Borda count method of voting to...Ch. 4.2 - Class Election A senior high school class held an...Ch. 4.2 - Cell Phone Usage A journalist reviewing various...Ch. 4.2 - Baseball Uniforms A Little League baseball team...Ch. 4.2 - Radio Stations A number of college students were...Ch. 4.2 - Class Election Use plurality with elimination to...Ch. 4.2 - Prob. 22ESCh. 4.2 - Campus Club A campus club has money left over in...Ch. 4.2 - Recreation A company is planning its annual summer...Ch. 4.2 - X-Men Movies Fans of the X-Men movies have been...Ch. 4.2 - Prob. 26ESCh. 4.2 - School Mascot A new college needs to pick a moscot...Ch. 4.2 - Election Five candidates are running for president...Ch. 4.2 - Prob. 29ESCh. 4.2 - Radio Stations Use the pairwise comparison method...Ch. 4.2 - Does the winner in Exercise tic satisfy the...Ch. 4.2 - 32. Does the winner in Exercise 12 satisfy the...Ch. 4.2 - Prob. 33ESCh. 4.2 - Prob. 34ESCh. 4.2 - Prob. 35ESCh. 4.2 - Prob. 36ESCh. 4.2 - Election Three candidates are running for mayor. A...Ch. 4.2 - Film Competition Three films have been selected as...Ch. 4.2 - 39. Election A campus club needs to elect four...Ch. 4.2 - Scholarship Awards The members of a scholarship...Ch. 4.2 - Another method of voting is to assign a weight. or...Ch. 4.2 - Prob. 42ESCh. 4.2 - Prob. 43ESCh. 4.3 - Using the data in Example 1 on page 211, list all...Ch. 4.3 - For the data in Example I on page 211, calculate...Ch. 4.3 - Prob. 3EECh. 4.3 - Prob. 4EECh. 4.3 - Create a voting system with three members that is...Ch. 4.3 - Prob. 6EECh. 4.3 - Prob. 7EECh. 4.3 - In the following exercises that involve weighted...Ch. 4.3 - In the following exercises that involve weighted...Ch. 4.3 - Prob. 3ESCh. 4.3 - Calculate, if possible, the l3anzhaf power index...Ch. 4.3 - Calculate, if possible, the l3anzhaf power index...Ch. 4.3 - Calculate, if possible, the l3anzhaf power index...Ch. 4.3 - Calculate, if possible, the l3anzhaf power index...Ch. 4.3 - Prob. 8ESCh. 4.3 - Prob. 9ESCh. 4.3 - Calculate, if possible, the l3anzhaf power index...Ch. 4.3 - Calculate, if possible, the l3anzhaf power index...Ch. 4.3 - Calculate, if possible, the l3anzhaf power index...Ch. 4.3 - Prob. 13ESCh. 4.3 - Prob. 14ESCh. 4.3 - Music Education A music department Consists of a...Ch. 4.3 - Prob. 16ESCh. 4.3 - Criminal Justice In a criminal trial, each of the...Ch. 4.3 - Criminal Justice In California civil court cases,...Ch. 4.3 - Identify any dictator and all dummies for each...Ch. 4.3 - Identify any dictator and all dummies for each...Ch. 4.3 - Prob. 21ESCh. 4.3 - Prob. 22ESCh. 4.3 - Football At the beginning of each football season,...Ch. 4.3 - Prob. 24ESCh. 4.3 - Prob. 25ESCh. 4.3 - Prob. 26ESCh. 4.3 - Consider the weighted voting system { q:8,3,3,2 },...Ch. 4.3 - Prob. 28ESCh. 4.3 - Prob. 29ESCh. 4.3 - UN Security Council The United Nations C Security...Ch. 4 - Education The following table shows the...Ch. 4 - Airline Industry The following table shows the...Ch. 4 - Airline Industry The table below shows how the...Ch. 4 - 4. Education The following table shows the number...Ch. 4 - Technology A company has four offices. The...Ch. 4 - Automobile Sales Consider the apportionment of 27...Ch. 4 - Music Company MusicGalore.biz has offices in Los...Ch. 4 - Building Inspectors A city apportions 34 building...Ch. 4 - Prob. 9RECh. 4 - Prob. 10RECh. 4 - Corporate Security The Huntington-Hill...Ch. 4 - Essay Contest Four finalists are competing in an...Ch. 4 - Ski Club A campus ski club is trying o decide...Ch. 4 - Prob. 14RECh. 4 - Consumer Preferences A group of consumers were...Ch. 4 - Prob. 16RECh. 4 - Prob. 17RECh. 4 - Homecoming Queen Three high school students are...Ch. 4 - Prob. 19RECh. 4 - Prob. 20RECh. 4 - Prob. 21RECh. 4 - A weighted voting system for voters A. B. C. D....Ch. 4 - Prob. 23RECh. 4 - Prob. 24RECh. 4 - 25. Calculate the Banzhaf power indices for voters...Ch. 4 - Calculate the Banzhaf power indices for voters A,...Ch. 4 - Prob. 27RECh. 4 - Identify any dictator and all dummies for each...Ch. 4 - Four voters. A. B. C. and D. make decisions by...Ch. 4 - Postal Service The table below shows the number of...Ch. 4 - Computer Allocation The following table shows the...Ch. 4 - High School Counselors The following table shows...Ch. 4 - Prob. 4TCh. 4 - Consumer Preference One hundred consumers ranked...Ch. 4 - Prob. 6TCh. 4 - Exam Review A professor is preparing an extra...Ch. 4 - Prob. 8TCh. 4 - Drama Department The four staff members. A, B,C,...Ch. 4 - Three voters. A. B. and C, make decisions by using...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 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_forwardWrite the equation of the trigonometric function shown in the graph. LO 5 4 3 2 1 y -5 -5 4 8 8 500 -1 -2 -3 -4 -5 x 5 15л 5л 25л 15л 35π 5л 4 8 2 8 4 8arrow_forwardc) Using only Laplace transforms solve the following Samuelson model given below i.e., the second order difference equation (where yt is national income): - Yt+2 6yt+1+5y₁ = 0, if y₁ = 0 for t < 0, and y₁ = 0, y₁ = 1 1-e-s You may use without proof that L-1[s(1-re-s)] = f(t) = r² for n ≤tarrow_forward5. 156 m/WXY = 59° 63 E 7. B E 101 C mFE = 6. 68° 8. C 17arrow_forwardScoring: MATH 15 FILING /10 COMPARISON /10 RULER I 13 Express EMPLOYMENT PROFESSIONALS NAME: SKILLS EVALUATION TEST- Light Industrial MATH-Solve the following problems. (Feel free to use a calculator.) DATE: 1. If you were asked to load 225 boxes onto a truck, and the boxes are crated, with each crate containing nine boxes, how many crates would you need to load? 2. Imagine you live only one mile from work and you decide to walk. If you walk four miles per hour, how long will it take you to walk one mile? 3. Add 3 feet 6 inches + 8 feet 2 inches + 4 inches + 2 feet 5 inches. 4. In a grocery store, steak costs $3.85 per pound. If you buy a three-pound steak and pay for it with a $20 bill, how much change will you get? 5. Add 8 minutes 32 seconds + 37 minutes 18 seconds + 15 seconds. FILING - In the space provided, write the number of the file cabinet where the company should be filed. Example: File Cabinet #4 Elson Co. File Cabinets: 1. Aa-Bb 3. Cg-Dz 5. Ga-Hz 7. La-Md 9. Na-Oz 2. Bc-Cf…arrow_forwardpart 3 of the question is: A power outage occurs 6 min after the ride started. Passengers must wait for their cage to be manually cranked into the lowest position in order to exit the ride. Sine function model: where h is the height of the last passenger above the ground measured in feet and t is the time of operation of the ride in minutes. What is the height of the last passenger at the moment of the power outage? Verify your answer by evaluating the sine function model. Will the last passenger to board the ride need to wait in order to exit the ride? Explain.arrow_forwardIf you were asked to load 225 boxes onto a truck, and the boxes are crated, with each crate containing nine boxes, how many crates would you need to load?arrow_forwardForce with 800 N and 400 N are acting on a machine part at 30° and 60°, respectively with the positive x axisarrow_forward2. The duration of the ride is 15 min. (a) How many times does the last passenger who boarded the ride make a complete loop on the Ferris wheel? (b) What is the position of that passenger when the ride ends?arrow_forwardFind the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $13,000, r = 6%, t = 10, compounded quarterly A = $ 31902 Need Help? Read It Watch It Viewing Saved Work Revert to Last Response SUBMIT ANSWER O/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.003. EVIOUS ANSWERS ASK YOUR TEACHER PRACTICE ANOTHER Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $140,000, r = 8%, t = 8, compounded monthly A = $259130.20 X Need Help? Read It Watch Itarrow_forwardFind the present value of $20,000 due in 3 years at the given rate of interest. (Round your answers to the nearest cent.) (a) 2%/year compounded monthly (b) 5%/year compounded daily $ Need Help? Read It Watch It SUBMIT ANSWER [-/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.009. ASK YOUR TEACHER PRACTICE ANC Find the accumulated amount after 3 years if $4000 is invested at 3%/year compounded continuously. (Round your answer to the nearest cent.) Need Help? Read It Watch Itarrow_forwardFind the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.) (a) 9.5%/year compounded monthly % (b) 9.5%/year compounded daily % Need Help? Read It Watch It SUBMIT ANSWER -/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.007. ASK YOUR TEACHE Find the present value of $90,000 due in 7 years at the given rate of interest. (Round your answers to the nearest cent.) (a) 9%/year compounded semiannually (b) 9%/year compounded quarterly LAarrow_forwardarrow_back_iosSEE MORE QUESTIONSarrow_forward_ios
Recommended textbooks for you
Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Sequences and Series Introduction; Author: Mario's Math Tutoring;https://www.youtube.com/watch?v=m5Yn4BdpOV0;License: Standard YouTube License, CC-BY
Introduction to sequences; Author: Dr. Trefor Bazett;https://www.youtube.com/watch?v=VG9ft4_dK24;License: Standard YouTube License, CC-BY