
Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Textbook Question
Chapter 7.1, Problem 46E
Explain in words why (A ∩ B) ∪ (A ∩ B') = A.
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McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $895 per set and have a variable cost of $431 per set. The company has spent $200,000 for a marketing study that determined the company will sell 80,000 sets per year for seven years. The marketing study also determined that the company will lose sales of 8,600 sets per year of its high-priced clubs. The high-priced clubs sell at $1,325 and have variable costs of $645. The company will also increase sales of its cheap clubs by 10,800 sets per year. The cheap clubs sell for $340 and have variable costs of $141 per set. The fixed costs each year will be $14,350,000. The company has also spent $1,500,000 on research and development for the new clubs. The plant and equipment required will cost $43,700,000 and will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $3,625,000 that will be returned at the end of the project. The tax rate is 25…
Chapter 7 Solutions
Finite Mathematics (11th Edition)
Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...Ch. 7.1 - In Exercises 1-10, write true or false for each...
Ch. 7.1 - Prob. 11ECh. 7.1 - Prob. 12ECh. 7.1 - Prob. 13ECh. 7.1 - Prob. 14ECh. 7.1 - Prob. 15ECh. 7.1 - Let A = {2, 4, 6, 10, 12}, B = {2, 4, 8, 10}, C =...Ch. 7.1 - Prob. 17ECh. 7.1 - Prob. 18ECh. 7.1 - Prob. 19ECh. 7.1 - What is set-builder notation? Give an example.Ch. 7.1 - Prob. 21ECh. 7.1 - Prob. 22ECh. 7.1 - Prob. 23ECh. 7.1 - Prob. 24ECh. 7.1 - Insert or to make each statement true. {5, 7, 9,...Ch. 7.1 - Prob. 26ECh. 7.1 - Prob. 27ECh. 7.1 - Prob. 28ECh. 7.1 - Prob. 29ECh. 7.1 - Insert ⋂ or ⋃ to make each statement true.
30. {3,...Ch. 7.1 - Prob. 31ECh. 7.1 - Insert ⋂ or ⋃ to make each statement true.
32. {0,...Ch. 7.1 - Prob. 33ECh. 7.1 - Prob. 34ECh. 7.1 - Prob. 35ECh. 7.1 - Prob. 36ECh. 7.1 - Prob. 37ECh. 7.1 - Let U = {1, 2, 3, 4, 5,6,7,8, 9}, x = {2, 4, 6,...Ch. 7.1 - Let U = {1, 2, 3, 4, 5, 6, 7, 8, 9}, x = {2, 4, 6,...Ch. 7.1 - Prob. 40ECh. 7.1 - Prob. 41ECh. 7.1 - Prob. 42ECh. 7.1 - Let U = {1, 2, 3, 4, 5, 6, 7, 8, 9}, x = {2, 4, 6,...Ch. 7.1 - Prob. 44ECh. 7.1 - Prob. 45ECh. 7.1 - Explain in words why (A B) (A B') = A.Ch. 7.1 - Prob. 47ECh. 7.1 - Prob. 48ECh. 7.1 - Prob. 49ECh. 7.1 - Prob. 50ECh. 7.1 - Prob. 51ECh. 7.1 - Prob. 52ECh. 7.1 - Prob. 53ECh. 7.1 - Prob. 54ECh. 7.1 - Prob. 55ECh. 7.1 - Prob. 56ECh. 7.1 - Prob. 57ECh. 7.1 - Let B = {a, b, c, {d}, {e, }}, Answer each of the...Ch. 7.1 - Mutual Funds The tables below show five of the...Ch. 7.1 - Mutual Funds The tables below show five of the...Ch. 7.1 - Mutual Funds The tables below show five of the...Ch. 7.1 - Mutual Funds The tables below show five of the...Ch. 7.1 - 63. Sales Calls Suppose that Carolyn Gogolin has...Ch. 7.1 - Health The following table shows some symptoms of...Ch. 7.1 - Health The following table shows some symptoms of...Ch. 7.1 - Health The following table shows some symptoms of...Ch. 7.1 - Health The following table shows some symptoms of...Ch. 7.1 - Health The following table shows some symptoms of...Ch. 7.1 - APPLY IT Electoral College U.S. presidential...Ch. 7.1 - General Interest Musicians A concert featured a...Ch. 7.1 - Television Cable Services The following table...Ch. 7.1 - Television Cable Services The following table...Ch. 7.1 - Television Cable Services The following table...Ch. 7.1 - Television Cable Services The following table...Ch. 7.1 - Television Cable Services The following table...Ch. 7.1 - Prob. 76ECh. 7.1 - 77. Games In David Gale's game of Subset Takeaway,...Ch. 7.1 - States In the following list of states, let A =...Ch. 7.1 - States In the following list of states, let A =...Ch. 7.2 - Prob. 1ECh. 7.2 - Prob. 2ECh. 7.2 - Prob. 3ECh. 7.2 - Prob. 4ECh. 7.2 - Prob. 5ECh. 7.2 - Prob. 6ECh. 7.2 - Prob. 7ECh. 7.2 - Prob. 8ECh. 7.2 - Prob. 9ECh. 7.2 - 10. What does the notation n(A) represent?
Ch. 7.2 - Prob. 11ECh. 7.2 - Prob. 12ECh. 7.2 - Prob. 13ECh. 7.2 - Prob. 14ECh. 7.2 - Prob. 15ECh. 7.2 - Prob. 16ECh. 7.2 - Prob. 17ECh. 7.2 - Prob. 18ECh. 7.2 - Prob. 19ECh. 7.2 - Prob. 20ECh. 7.2 - Use the union rule to answer the following...Ch. 7.2 - Prob. 22ECh. 7.2 - Prob. 23ECh. 7.2 - Prob. 24ECh. 7.2 - Prob. 25ECh. 7.2 - Prob. 26ECh. 7.2 - Prob. 27ECh. 7.2 - Prob. 28ECh. 7.2 - Prob. 29ECh. 7.2 - Prob. 30ECh. 7.2 - Prob. 31ECh. 7.2 - Prob. 32ECh. 7.2 - Prob. 33ECh. 7.2 - Prob. 34ECh. 7.2 - Prob. 35ECh. 7.2 - Prob. 36ECh. 7.2 - Prob. 37ECh. 7.2 - In Figure 8, let U = {all humans who have ever...Ch. 7.2 - Prob. 39ECh. 7.2 - 40. Cooking Preferences Jeff Friedman, of Example...Ch. 7.2 - 41. Harvesting Fruit Toward the middle of the...Ch. 7.2 - Prob. 42ECh. 7.2 - Investment Habits The following table shows the...Ch. 7.2 - Investment Survey Most mathematics professors love...Ch. 7.2 - Genetics After a genetics experiment on 50 pea...Ch. 7.2 - Prob. 46ECh. 7.2 - Prob. 47ECh. 7.2 - Prob. 48ECh. 7.2 - Prob. 49ECh. 7.2 - Lyme Disease Scientists have found a way to...Ch. 7.2 - Military The number of female military personnel...Ch. 7.2 - Prob. 52ECh. 7.2 - Prob. 53ECh. 7.2 - Prob. 54ECh. 7.2 - Prob. 55ECh. 7.2 - Prob. 56ECh. 7.2 - Prob. 57ECh. 7.2 - Prob. 58ECh. 7.2 - Prob. 59ECh. 7.2 - Prob. 60ECh. 7.2 - Prob. 61ECh. 7.2 - Prob. 62ECh. 7.2 - Prob. 63ECh. 7.3 - 1. What is meant by a "fair" coin or die ?
Ch. 7.3 - What is the sample space for an experiment?Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - 11. Define an event.
Ch. 7.3 - What is a simple event?Ch. 7.3 - For the experiments in Exercises 18, write out the...Ch. 7.3 - For the experiments in Exercises 13-18, write out...Ch. 7.3 - For the experiments in Exercises 13-18, write out...Ch. 7.3 - For the experiments in Exercises 13-18, write out...Ch. 7.3 - For the experiments in Exercises 13-18, write out...Ch. 7.3 - For the experiments in Exercises 13- write out the...Ch. 7.3 - A single fair die is rolled. Find the...Ch. 7.3 - A single fair die is rolled. Find the...Ch. 7.3 - Prob. 21ECh. 7.3 - Prob. 22ECh. 7.3 - Prob. 23ECh. 7.3 - A single fair die is rolled. Find the...Ch. 7.3 - A card is drawn from a well-shuffled deck of 52...Ch. 7.3 - A card is drawn from a well-shuffled deck of 52...Ch. 7.3 - Prob. 27ECh. 7.3 - A card is drawn from a well-shuffled deck of 52...Ch. 7.3 - Prob. 29ECh. 7.3 - A card is drawn from a well-shuffled deck of 52...Ch. 7.3 - Prob. 31ECh. 7.3 - A card is drawn from a well-shuffled deck of 52...Ch. 7.3 - Prob. 33ECh. 7.3 - A card is drawn from a well-shuffled deck of 52...Ch. 7.3 - A jar contains 3 white, 4 orange, 5 yellow, and 8...Ch. 7.3 - Prob. 36ECh. 7.3 - Prob. 37ECh. 7.3 - Prob. 38ECh. 7.3 - Prob. 39ECh. 7.3 - A jar contains 3 white, 4 orange, 5 yellow, and 8...Ch. 7.3 - Prob. 41ECh. 7.3 - Which of Exercises 41-48 are examples of empirical...Ch. 7.3 - Prob. 43ECh. 7.3 - Prob. 44ECh. 7.3 - Which of Exercises 41-48 are examples of empirical...Ch. 7.3 - Prob. 46ECh. 7.3 - Prob. 47ECh. 7.3 - Prob. 48ECh. 7.3 - Prob. 49ECh. 7.3 - Prob. 50ECh. 7.3 - Prob. 51ECh. 7.3 - Prob. 52ECh. 7.3 - Prob. 53ECh. 7.3 - Labor Force The 2012 and the 2022 (projected)...Ch. 7.3 - 55. Medical Survey For a medical experiment,...Ch. 7.3 - Medical Survey Refer to Exercise 55. Describe each...Ch. 7.3 - 57. Causes of Death There were 2,468,435 U.S....Ch. 7.3 - APPLY IT U.S. Population The projected U.S....Ch. 7.3 - 59. Congressional Service The following table...Ch. 7.3 - 60. Civil War Estimates of the Union Army's...Ch. 7.3 - Prob. 61ECh. 7.3 - Prob. 62ECh. 7.3 - Poultry Analysis Exercise 63 of the previous...Ch. 7.4 - Define mutually exclusive events in your own...Ch. 7.4 - Explain the union rule for mutually exclusive...Ch. 7.4 - Decide whether the events in Exercises 3-8 are...Ch. 7.4 - Decide whether the events in Exercises 3-8 are...Ch. 7.4 - Decide whether the events in Exercises 3-8 are...Ch. 7.4 - Decide whether the events in Exercises 3-8 are...Ch. 7.4 - Decide whether the events in Exercises 3-8 are...Ch. 7.4 - Decide whether the events in Exercises 3-8 are...Ch. 7.4 - Two dice are rolled. Find the probabilities of...Ch. 7.4 - Two dice are rolled. Find the probabilities of...Ch. 7.4 - Two dice are rolled. Find the probabilities of...Ch. 7.4 - Two dice are rolled. Find the probabilities of...Ch. 7.4 - Two dice are rolled. Find the probabilities of the...Ch. 7.4 - Two dice are rolled. Find the probabilities of the...Ch. 7.4 - One card is drawn from an ordinary deck of 52...Ch. 7.4 - One card is drawn from an ordinary deck of 52...Ch. 7.4 - Kristina Karganova invites 13 relatives to a...Ch. 7.4 - Kristina Karganova invites 13 relatives to a...Ch. 7.4 - The numbers 1, 2, 3, 4, and 5 are written on slips...Ch. 7.4 - The numbers 1, 2, 3, 4, and 5 are written on slips...Ch. 7.4 - Use Venn diagrams to work Exercises and 22....Ch. 7.4 - Use Venn diagrams to work Exercises 21 and Let...Ch. 7.4 - Prob. 23ECh. 7.4 - Prob. 24ECh. 7.4 - Define what is meant by odds.Ch. 7.4 - Prob. 26ECh. 7.4 - Prob. 27ECh. 7.4 - A single fair die is rolled. Find the odds in...Ch. 7.4 - A single fair die is rolled. Find the odds in...Ch. 7.4 - A single fair die is rolled. Find the odds in...Ch. 7.4 - 31. A marble is drawn from a box containing 3...Ch. 7.4 - Two dice are rolled. Find the odds of rolling the...Ch. 7.4 - What is a probability distribution?Ch. 7.4 - Prob. 34ECh. 7.4 - An experiment is conducted for which the sample...Ch. 7.4 - Prob. 36ECh. 7.4 - Prob. 37ECh. 7.4 - Prob. 38ECh. 7.4 - Prob. 39ECh. 7.4 - An experiment is conducted for which the sample...Ch. 7.4 - Prob. 41ECh. 7.4 - Prob. 42ECh. 7.4 - Prob. 43ECh. 7.4 - One way to solve a probability problem is to...Ch. 7.4 - 45. The following description of the classic...Ch. 7.4 - You are given P(A B) = 0.7 and P(A B') = 0.9....Ch. 7.4 - 47. Defective Merchandise Suppose that 8% of a...Ch. 7.4 - Prob. 48ECh. 7.4 - Prob. 49ECh. 7.4 - Employment The table shows the projected...Ch. 7.4 - 51. Labor Force The following table gives the 2018...Ch. 7.4 - Prob. 52ECh. 7.4 - Prob. 53ECh. 7.4 - Prob. 54ECh. 7.4 - Genetics Mendel found no dominance in snapdragons,...Ch. 7.4 - Prob. 56ECh. 7.4 - 57. Doctor Visit The probability that a visit to a...Ch. 7.4 - Prob. 58ECh. 7.4 - Prob. 59ECh. 7.4 - Presidential Candidates In 2002, The New York...Ch. 7.4 - Prob. 61ECh. 7.4 - Prob. 62ECh. 7.4 - Prob. 63ECh. 7.4 - Prob. 64ECh. 7.4 - Prob. 65ECh. 7.4 - Military There were 205,586 female military...Ch. 7.4 - Prob. 67ECh. 7.4 - 68. Perceptions of Threat Research has been...Ch. 7.4 - Prob. 69ECh. 7.4 - Prob. 70ECh. 7.4 - Prob. 71ECh. 7.5 - If a single fair die is rolled, find the...Ch. 7.5 - If a single fair die is rolled, find the...Ch. 7.5 - If a single fair die is rolled, find the...Ch. 7.5 - If a single fair die is rolled, find the...Ch. 7.5 - If two fair dice are rolled, find the...Ch. 7.5 - If two fair dice are rolled, find the...Ch. 7.5 - If two fair dice are rolled, find the...Ch. 7.5 - If two fair dice are rolled, find the...Ch. 7.5 - If two cards are drawn without replacement from an...Ch. 7.5 - If two cards are drawn without replacement from an...Ch. 7.5 - Prob. 11ECh. 7.5 - If two cards are drawn without replacement from an...Ch. 7.5 - If two cards are drawn without replacement from an...Ch. 7.5 - If two cards are drawn without replacement from an...Ch. 7.5 - If two cards are drawn without replacement from an...Ch. 7.5 - If two cards are drawn without replacement from an...Ch. 7.5 -
17. In your own words, explain how to find the...Ch. 7.5 - In your own words, define independent events.Ch. 7.5 - Decide whether the following pairs of events are...Ch. 7.5 - Decide whether the following pairs of events are...Ch. 7.5 - Decide whether the following pairs of events are...Ch. 7.5 - Decide whether the following pairs of events are...Ch. 7.5 - In the previous section, we described an...Ch. 7.5 - In the previous section, we described an...Ch. 7.5 - Suppose two dice are rolled. Let A be the event...Ch. 7.5 - Prob. 26ECh. 7.5 - 27. Another friend asks you to explain how to tell...Ch. 7.5 - Prob. 28ECh. 7.5 - 29. Let A and B be independent events with and ...Ch. 7.5 - If A and B are events such that P(A) = 0.5 and P(A...Ch. 7.5 - Prob. 31ECh. 7.5 - Prob. 32ECh. 7.5 - Prob. 33ECh. 7.5 - Prob. 34ECh. 7.5 - Prob. 35ECh. 7.5 - Prob. 36ECh. 7.5 -
Business and Economics
Banking The Midtown Bank...Ch. 7.5 - Prob. 38ECh. 7.5 - Prob. 39ECh. 7.5 -
Business and Economics
Banking The Midtown Bank...Ch. 7.5 - Prob. 41ECh. 7.5 - Prob. 42ECh. 7.5 - Prob. 43ECh. 7.5 - Prob. 44ECh. 7.5 -
Quality Control A bicycle factory runs two...Ch. 7.5 - Prob. 46ECh. 7.5 - Prob. 47ECh. 7.5 - Prob. 48ECh. 7.5 - Prob. 49ECh. 7.5 -
Genetics Assuming that boy and girl babies are...Ch. 7.5 - Prob. 51ECh. 7.5 - Genetics Assuming that boy and girl babies are...Ch. 7.5 - Prob. 53ECh. 7.5 - Prob. 54ECh. 7.5 - Color Blindness The following table shows...Ch. 7.5 - Prob. 56ECh. 7.5 - Prob. 57ECh. 7.5 - Prob. 58ECh. 7.5 - Prob. 59ECh. 7.5 -
Color Blindness The following table shows...Ch. 7.5 - Prob. 61ECh. 7.5 - Prob. 62ECh. 7.5 - Prob. 63ECh. 7.5 - Prob. 64ECh. 7.5 - Hockey The table below lists the number of head...Ch. 7.5 - Prob. 66ECh. 7.5 - Prob. 67ECh. 7.5 - Prob. 68ECh. 7.5 - Prob. 69ECh. 7.5 - Prob. 70ECh. 7.5 - Prob. 71ECh. 7.5 -
Social Sciences
72. Working Women A survey has...Ch. 7.5 - Prob. 73ECh. 7.5 - Prob. 74ECh. 7.5 - Prob. 75ECh. 7.5 - Prob. 76ECh. 7.5 - Prob. 77ECh. 7.5 -
78. Real Estate A real estate agent trying to...Ch. 7.5 - Prob. 79ECh. 7.5 - Prob. 80ECh. 7.5 - Diet Soft Drinks Two-thirds of the population are...Ch. 7.5 - Prob. 82ECh. 7.5 - Prob. 83ECh. 7.5 -
84. Speeding Tickets A smooth-talking young man...Ch. 7.5 - Prob. 85ECh. 7.5 - Prob. 86ECh. 7.5 - Prob. 87ECh. 7.5 - Prob. 88ECh. 7.5 - Prob. 89ECh. 7.5 - Prob. 90ECh. 7.6 - Prob. 1ECh. 7.6 - Prob. 2ECh. 7.6 - Prob. 3ECh. 7.6 - Prob. 4ECh. 7.6 - Prob. 5ECh. 7.6 - Prob. 6ECh. 7.6 - Prob. 7ECh. 7.6 - Prob. 8ECh. 7.6 - Prob. 9ECh. 7.6 -
Job Qualifications Of all the people applying...Ch. 7.6 - Prob. 11ECh. 7.6 - Prob. 12ECh. 7.6 - Prob. 13ECh. 7.6 - Prob. 14ECh. 7.6 - Prob. 15ECh. 7.6 - Prob. 16ECh. 7.6 - Prob. 17ECh. 7.6 - Prob. 18ECh. 7.6 - Prob. 19ECh. 7.6 - Prob. 20ECh. 7.6 - Prob. 21ECh. 7.6 - Mortgage Defaults A bank finds that the...Ch. 7.6 - Prob. 23ECh. 7.6 - Hepatitis Blood Test The probability that a person...Ch. 7.6 - Prob. 25ECh. 7.6 - Prob. 26ECh. 7.6 - Prob. 27ECh. 7.6 - Prob. 28ECh. 7.6 - Prob. 29ECh. 7.6 - Circulation The probability that a randomly chosen...Ch. 7.6 - Prob. 31ECh. 7.6 - Prob. 32ECh. 7.6 - Prob. 33ECh. 7.6 - Prob. 34ECh. 7.6 - Children's Economic Situation The Following table...Ch. 7.6 - Prob. 36ECh. 7.6 - Prob. 37ECh. 7.6 - Prob. 38ECh. 7.6 - Prob. 39ECh. 7.6 - 40. Three Prisoners The famous "problem of three...Ch. 7 -
1. Find the probability that a randomly...Ch. 7 - Prob. 2EACh. 7 - Prob. 3EACh. 7 - Prob. 4EACh. 7 - Prob. 5EACh. 7 - Prob. 1RECh. 7 - Prob. 2RECh. 7 - Prob. 3RECh. 7 - Prob. 4RECh. 7 - Prob. 5RECh. 7 - Determine whether each of the following statements...Ch. 7 - Prob. 7RECh. 7 - Prob. 8RECh. 7 - Prob. 9RECh. 7 - Prob. 10RECh. 7 - Prob. 11RECh. 7 - Prob. 12RECh. 7 - Prob. 13RECh. 7 - Prob. 14RECh. 7 - Prob. 15RECh. 7 - Prob. 16RECh. 7 - Prob. 17RECh. 7 - Prob. 18RECh. 7 - Prob. 19RECh. 7 - Prob. 20RECh. 7 - Prob. 21RECh. 7 - Prob. 22RECh. 7 - Prob. 23RECh. 7 - Prob. 24RECh. 7 - Prob. 25RECh. 7 -
In Exercises 23-32, let U = {a, b, c, d, e, f, g,...Ch. 7 - Prob. 27RECh. 7 - Prob. 28RECh. 7 - Prob. 29RECh. 7 - Prob. 30RECh. 7 - Prob. 31RECh. 7 - Prob. 32RECh. 7 - Prob. 33RECh. 7 - Prob. 34RECh. 7 - Prob. 35RECh. 7 - Prob. 36RECh. 7 - Prob. 37RECh. 7 - Prob. 38RECh. 7 - Prob. 39RECh. 7 - Prob. 40RECh. 7 - Prob. 41RECh. 7 - Prob. 42RECh. 7 - Prob. 43RECh. 7 - Prob. 44RECh. 7 - Prob. 45RECh. 7 - Prob. 46RECh. 7 - Prob. 47RECh. 7 - Prob. 48RECh. 7 - Prob. 49RECh. 7 - Prob. 50RECh. 7 - Prob. 51RECh. 7 - Prob. 52RECh. 7 - Prob. 53RECh. 7 - Prob. 54RECh. 7 - Prob. 55RECh. 7 - Prob. 56RECh. 7 - Prob. 57RECh. 7 - Prob. 58RECh. 7 - Prob. 59RECh. 7 - Prob. 60RECh. 7 - How are disjoint sets and mutually exclusive...Ch. 7 -
62. Define independent events.
Ch. 7 - Prob. 63RECh. 7 - Prob. 64RECh. 7 - Prob. 65RECh. 7 - Prob. 66RECh. 7 - Prob. 67RECh. 7 - Prob. 68RECh. 7 - Prob. 69RECh. 7 - Prob. 70RECh. 7 - Prob. 71RECh. 7 - Prob. 72RECh. 7 - Prob. 73RECh. 7 - Find the probabilities of getting the following...Ch. 7 - Prob. 75RECh. 7 - Prob. 76RECh. 7 - Prob. 77RECh. 7 - Prob. 78RECh. 7 - Prob. 79RECh. 7 - Prob. 80RECh. 7 - Prob. 81RECh. 7 - Prob. 82RECh. 7 - Prob. 83RECh. 7 - Prob. 84RECh. 7 - Prob. 85RECh. 7 - Prob. 86RECh. 7 - Prob. 87RECh. 7 - Prob. 88RECh. 7 - Prob. 89RECh. 7 - Prob. 90RECh. 7 - Prob. 91RECh. 7 - Prob. 92RECh. 7 - Prob. 93RECh. 7 - Prob. 94RECh. 7 - Prob. 95RECh. 7 - Prob. 96RECh. 7 - Prob. 97RECh. 7 - Prob. 98RECh. 7 - Prob. 99RECh. 7 - Prob. 100RECh. 7 - Prob. 101RECh. 7 - Prob. 102RECh. 7 - Prob. 103RECh. 7 - Prob. 104RECh. 7 - Prob. 105RECh. 7 - Prob. 106RECh. 7 - Auto Insurance An insurance company examines its...Ch. 7 - Auto Insurance An auto insurance company has...Ch. 7 - Auto Insurance An actuary studying the insurance...Ch. 7 -
110. Insurance An insurance company estimates...Ch. 7 -
111. Sickle Cell Anemia The table shows the four...Ch. 7 - Prob. 112RECh. 7 - Risk Factors An actuary is studying the prevalence...Ch. 7 - Social Sciences Elections In the 2012 presidential...Ch. 7 - Prob. 115RECh. 7 - Prob. 116RECh. 7 - Prob. 117RECh. 7 - Prob. 118RECh. 7 - Prob. 119RECh. 7 -
120. Making a First Down A first down is...Ch. 7 - Prob. 121RECh. 7 - Prob. 122RECh. 7 - Prob. 123RECh. 7 - Prob. 124RECh. 7 - Prob. 125RE
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- You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear regression model. Interpret the…arrow_forwardDoes there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. How to take snapshots: if you use a MacBook, press Command+ Shift+4 to take snapshots. If you are using Windows, use the Snipping Tool to take snapshots. Question 1: Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Value of correlation coefficient: Direction of the relationship (positive, negative, or zero relationship): Strength of the relationship (strong/moderate/weak): Question 2: Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size. (The answer for the…arrow_forwardTri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company purchases natural gas from two companies: Southern Gas and Northwest Gas. Demand forecasts for the coming winter season are as follows: Hamilton County, 400 units; Butler County, 200 units; and Clermont County, 300 units. Contracts to provide the following quantities have been written: Southern Gas, 500 units; and Northwest Gas, 400 units. Distribution costs for the counties vary, depending upon the location of the suppliers. The distribution costs per unit (in thousands of dollars) are as follows. From To Hamilton Butler Clermont Southern Gas 10 20 15 Northwest Gas 12 15 18 (a) Develop a network representation of this problem. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen Assignment 3 graph.docx Score: 1 out of 1 Comment: (b) Develop a linear programming model that can be used to determine the plan that will minimize total distribution costs (in thousands of…arrow_forward
- Use the method of undetermined coefficients to solve the given nonhomogeneous system. dx dt = 2x + 3y − 8 dy dt = −x − 2y + 6 X(t) =arrow_forwardAs 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_forward
- For 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_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_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_forward
- The Course Name Real Analysis please Solve questions by Real Analysisarrow_forwardWe 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_forward
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