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Forestry
The value of a tract of timber is
where t is the time in years, with
If money earns interest continuously at 10%, then the present value of the timber at any time t is
Find the year in which the timber should be harvested to maximize the present value function.
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Chapter 6 Solutions
Bundle: Calculus, 10th + WebAssign Printed Access Card for Larson/Edwards' Calculus, 10th Edition, Multi-Term
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- ~ exp(10). A 3. Claim number per policy is modelled by Poisson(A) with A sample x of N = 100 policies presents an average = 4 claims per policy. (i) Compute an a priory estimate of numbers of claims per policy. [2 Marks] (ii) Determine the posterior distribution of A. Give your argument. [5 Marks] (iii) Compute an a posteriori estimate of numbers of claims per policy. [3 Marks]arrow_forward2. The size of a claim is modelled by F(a, λ) with a fixed a a maximum likelihood estimate of A given a sample x with a sample mean x = 11 = 121. Give [5 Marks]arrow_forwardRobbie Bearing Word Problems Angles name: Jocelyn date: 1/18 8K 2. A Delta airplane and an SouthWest airplane take off from an airport at the same time. The bearing from the airport to the Delta plane is 23° and the bearing to the SouthWest plane is 152°. Two hours later the Delta plane is 1,103 miles from the airport and the SouthWest plane is 1,156 miles from the airport. What is the distance between the two planes? What is the bearing from the Delta plane to the SouthWest plane? What is the bearing to the Delta plane from the SouthWest plane? Delta y SW Angles ThreeFourthsMe MATH 2arrow_forward
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