Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
11th Edition
ISBN: 9781305283831
Author: Tan
Publisher: Cengage Learning
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Textbook Question
Chapter 7.3, Problem 49E
LOSING WEIGHT In a survey,
| Answer | Once or twice |
times |
More than 10 times |
Never | No opinion |
| Respondents |
|
|
|
|
|
If a person in the survey is selected at random, what is the probability that the person answered that he or she had:
a. Tried at least once to lose weight in his or her lifetime?
b. Tried between one and ten times to lose weight in his or her lifetime?
c. Never tried to lose weight in his or her lifetime?
Source: Gallup Poll.
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Chapter 7 Solutions
Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
Ch. 7.1 - Explain what is meant by an experiment. Give an...Ch. 7.1 - What does it mean for two events to be mutually...Ch. 7.1 - In Exercises 1-6, let S={a,b,c,d,e,f} be a sample...Ch. 7.1 - In Exercises 1-6, let S={a,b,c,d,e,f} be a sample...Ch. 7.1 - Prob. 3ECh. 7.1 - In Exercises 1-6, let S={a,b,c,d,e,f} be a sample...Ch. 7.1 - Prob. 5ECh. 7.1 - Prob. 6ECh. 7.1 - In Exercises 7-14, let S={1,2,3,4,5,6}, E={2,4,6},...Ch. 7.1 - Prob. 8E
Ch. 7.1 - Prob. 9ECh. 7.1 - In Exercises 7-14, let S={1,2,3,4,5,6}, E={2,4,6},...Ch. 7.1 - In Exercises 7-14, let S={1,2,3,4,5,6}, E={2,4,6},...Ch. 7.1 - In Exercises 7-14, let S={1,2,3,4,5,6}, E={2,4,6},...Ch. 7.1 - Prob. 13ECh. 7.1 - Prob. 14ECh. 7.1 - Prob. 15ECh. 7.1 - In Exercises 15-20, let S be any sample space, and...Ch. 7.1 - Prob. 17ECh. 7.1 - In Exercises 15-20, let S be any sample space, and...Ch. 7.1 - Prob. 19ECh. 7.1 - In Exercises 15-20, let S be any sample space, and...Ch. 7.1 - Prob. 21ECh. 7.1 - Prob. 22ECh. 7.1 - Prob. 23ECh. 7.1 - Let S={1,2,3}.be a sample space associated with an...Ch. 7.1 - An experiment consists of selecting a card from a...Ch. 7.1 - An experiment consists of selecting a letter at...Ch. 7.1 - An experiment consists of tossing a coin, rolling...Ch. 7.1 - An experiment consists of spinning the hand of the...Ch. 7.1 - Prob. 29ECh. 7.1 - Prob. 30ECh. 7.1 - Prob. 31ECh. 7.1 - SELECTING JOB APPLICANTS From a list of five...Ch. 7.1 - FAMILY BIRTH ORDER An experiment consist of...Ch. 7.1 - BLOOD TYPES Human blood is classified by the...Ch. 7.1 - GAME SHOWS In a television game show, the winner...Ch. 7.1 - ATMs The manager of a local bank observes how long...Ch. 7.1 - Prob. 37ECh. 7.1 - QUALITY ASSURANCE SURVEYS The customer service...Ch. 7.1 - Prob. 39ECh. 7.1 - POLITICAL POLLS An opinion poll is conducted among...Ch. 7.1 - QUALITY CONTROL As part of a quality control...Ch. 7.1 - Prob. 42ECh. 7.1 - SHUTTLE BUS USAGE A certain hotel operates a...Ch. 7.1 - Prob. 44ECh. 7.1 - Prob. 45ECh. 7.1 - Prob. 46ECh. 7.1 - Prob. 47ECh. 7.1 - Prob. 48ECh. 7.1 - Prob. 49ECh. 7.1 - Prob. 50ECh. 7.2 - Define a a probability distribution and b a...Ch. 7.2 - Prob. 2CQCh. 7.2 - Prob. 3CQCh. 7.2 - Prob. 1ECh. 7.2 - In Exercises 1-8, list the simple events...Ch. 7.2 - Prob. 3ECh. 7.2 - In Exercises 1-8, list the simple events...Ch. 7.2 - Prob. 5ECh. 7.2 - Prob. 6ECh. 7.2 - Prob. 7ECh. 7.2 - In Exercises 1-8, list the simple events...Ch. 7.2 - SOCIAL MEDIA ACCOUNTS In a survey of 1000 social...Ch. 7.2 - Workplace In a survey of 26,612 Parade.com...Ch. 7.2 - Prob. 11ECh. 7.2 - Prob. 12ECh. 7.2 - GRADE DISTRIBUTIONS The grade distribution for a...Ch. 7.2 - Prob. 14ECh. 7.2 - Prob. 15ECh. 7.2 - Prob. 16ECh. 7.2 - Prob. 17ECh. 7.2 - RED LIGHT RUNNERS In a survey of 800 likely...Ch. 7.2 - Prob. 19ECh. 7.2 - CHECKING INTO A HOTEL ROOM In a survey of 3019...Ch. 7.2 - Prob. 21ECh. 7.2 - Prob. 22ECh. 7.2 - CORRECTIVE LENS USE According to Mediamark...Ch. 7.2 - Prob. 24ECh. 7.2 - Prob. 25ECh. 7.2 - Prob. 26ECh. 7.2 - Prob. 27ECh. 7.2 - If a ball is selected at random from an urn...Ch. 7.2 - Prob. 29ECh. 7.2 - A pair of fair dice is rolled. What is the...Ch. 7.2 - TRAFFIC LIGHTS What is the probability of arriving...Ch. 7.2 - ROULETTE What is the probability that a roulette...Ch. 7.2 - Prob. 33ECh. 7.2 - In Exercises 3335, determine whether the given...Ch. 7.2 - In Exercises 3335, determine whether the given...Ch. 7.2 - Prob. 36ECh. 7.2 - Prob. 37ECh. 7.2 - Prob. 38ECh. 7.2 - Prob. 39ECh. 7.2 - Prob. 40ECh. 7.2 - DISPOSITION OF CRIMINAL COURT CASES Of the 98...Ch. 7.2 - SWEEPSTAKES In a sweepstakes sponsored by Gemini...Ch. 7.2 - POLITICAL POLLS An opinion poll is conducted among...Ch. 7.2 - Prob. 44ECh. 7.2 - Prob. 45ECh. 7.2 - Prob. 46ECh. 7.2 - SPENDING METHODS In a survey of consumer spending...Ch. 7.2 - Prob. 48ECh. 7.2 - Prob. 49ECh. 7.2 - Prob. 50ECh. 7.2 - Airline Safety In an attempt to study the leading...Ch. 7.2 - Housing Appreciation In a survey conducted on fall...Ch. 7.2 - Prob. 53ECh. 7.2 - Prob. 54ECh. 7.3 - Prob. 1CQCh. 7.3 - Give an example, based on a real-life situation,...Ch. 7.3 - Prob. 1ECh. 7.3 - Prob. 2ECh. 7.3 - Prob. 3ECh. 7.3 - A pair of dice is rolled, and the number that...Ch. 7.3 - A pair of dice is rolled, and the number that...Ch. 7.3 - A pair of dice is rolled, and the number that...Ch. 7.3 - An experiment consists of selecting a card at...Ch. 7.3 - Prob. 8ECh. 7.3 - An experiment consists of selecting a card at...Ch. 7.3 - An experiment consists of selecting a card at...Ch. 7.3 - Prob. 11ECh. 7.3 - Prob. 12ECh. 7.3 - Raffles Five hundred raffle tickets were sold....Ch. 7.3 - Prob. 14ECh. 7.3 - Prob. 15ECh. 7.3 - Prob. 16ECh. 7.3 - In Exercises 15-22, explain why the statement is...Ch. 7.3 - Prob. 18ECh. 7.3 - Prob. 19ECh. 7.3 - In Exercises 15-22, explain why the statement is...Ch. 7.3 - Prob. 21ECh. 7.3 - Prob. 22ECh. 7.3 - Let E and F be two events that are mutually...Ch. 7.3 - Prob. 24ECh. 7.3 - Let S={s1,s2,s3,s4} be the sample space associated...Ch. 7.3 - Let S={s1,s2,s3,s4,s5,s6} be the sample space...Ch. 7.3 - MAKEUP OF U.S. MOVIEGOER AUDIENCE In a survey of...Ch. 7.3 - Prob. 28ECh. 7.3 - Prob. 29ECh. 7.3 - 401k INVESTORS According to a study conducted in...Ch. 7.3 - Prob. 31ECh. 7.3 - Prob. 32ECh. 7.3 - Prob. 33ECh. 7.3 - Prob. 34ECh. 7.3 - Prob. 35ECh. 7.3 - Prob. 36ECh. 7.3 - Prob. 37ECh. 7.3 - Alternative Fuel Vehicles A survey was conducted...Ch. 7.3 - Forecasting Sales The probability that a shopper...Ch. 7.3 - COURSE ENROLLMENTS Among 500 freshmen pursuing a...Ch. 7.3 - CUSTOMER SURVEYS A leading manufacturer of kitchen...Ch. 7.3 - ASSEMBLY-TIME STUDIES A time study was conducted...Ch. 7.3 - USE OF LANDLINE PHONE VERSUS CELL PHONE A survey...Ch. 7.3 - TIME ON A DIET A survey on how long dieters stay...Ch. 7.3 - Prob. 45ECh. 7.3 - Prob. 46ECh. 7.3 - Prob. 47ECh. 7.3 - Prob. 48ECh. 7.3 - LOSING WEIGHT In a survey, 1012 American adults...Ch. 7.3 - Prob. 50ECh. 7.3 - RISK OF AN AIRPLANE CRASH According to a study of...Ch. 7.3 - DISTRACTED DRIVING According to a study of 100...Ch. 7.3 - PLANS TO KEEP CARS In a survey conducted to...Ch. 7.3 - Prob. 54ECh. 7.3 - Prob. 55ECh. 7.3 - Fifty raffle tickets are numbered 1 through 50,...Ch. 7.3 - Prob. 57ECh. 7.3 - Prob. 58ECh. 7.3 - Prob. 59ECh. 7.3 - In Exercises 5762, determine whether the statement...Ch. 7.3 - Prob. 61ECh. 7.3 - Prob. 62ECh. 7.4 - What is the probability of an event E in a uniform...Ch. 7.4 - Prob. 2CQCh. 7.4 - An unbiased coin is tossed five times. in...Ch. 7.4 - An unbiased coin is tossed five times. In...Ch. 7.4 - Prob. 3ECh. 7.4 - An unbiased coin is tossed five times. In...Ch. 7.4 - Prob. 5ECh. 7.4 - Two cards are selected at random without...Ch. 7.4 - Two cards are selected at random without...Ch. 7.4 - Prob. 8ECh. 7.4 - Four balls are selected at random without...Ch. 7.4 - Four balls are selected at random without...Ch. 7.4 - Four balls are selected at random without...Ch. 7.4 - Four balls are selected at random without...Ch. 7.4 - Assume that the probability of a boy being born is...Ch. 7.4 - Assume that the probability of a boy being born is...Ch. 7.4 - Assume that the probability of a boy being born is...Ch. 7.4 - Assume that the probability of a boy being born is...Ch. 7.4 - TAKING EXAMS An exam consists of ten true-or false...Ch. 7.4 - PERSONNEL SELECTION Jacobs & Johnson, an...Ch. 7.4 - QUALITY CONTROL Two light bulb are selected at...Ch. 7.4 - Prob. 20ECh. 7.4 - QUALITY CONTROL A shelf in the Metro Department...Ch. 7.4 - QUALITY CONTROL Electronic baseball games...Ch. 7.4 - PERSONNEL SELECTION The City Transit Authority...Ch. 7.4 - SELECTION OF PUBLIC HOUSING APPLICANTS The City...Ch. 7.4 - Exams A student studying for a vocabulary test...Ch. 7.4 - Prob. 26ECh. 7.4 - Prob. 27ECh. 7.4 - BLACKJACK In the game of blackjack, a 2-card hand...Ch. 7.4 - Prob. 29ECh. 7.4 - ROULETTE In 1959, a world record was set for the...Ch. 7.4 - In the Numbers Game, a state lottery, four numbers...Ch. 7.4 - In the Numbers Game, a state lottery, four numbers...Ch. 7.4 - In the Numbers Game, a state lottery, four numbers...Ch. 7.4 - Prob. 34ECh. 7.4 - Prob. 35ECh. 7.4 - Prob. 36ECh. 7.4 - Prob. 37ECh. 7.4 - Prob. 38ECh. 7.4 - Prob. 39ECh. 7.4 - Prob. 40ECh. 7.4 - 41. ZODIAC SIGNS There are 12 signs of the Zodiac:...Ch. 7.4 - Prob. 42ECh. 7.4 - Prob. 43ECh. 7.4 - BIRTHDAY PROBLEM A group of five people are...Ch. 7.4 - Prob. 45ECh. 7.4 - Prob. 46ECh. 7.5 - What is conditional probability? Illustrate the...Ch. 7.5 - Prob. 2CQCh. 7.5 - Prob. 3CQCh. 7.5 - Prob. 4CQCh. 7.5 - Prob. 1ECh. 7.5 - Prob. 2ECh. 7.5 - Prob. 3ECh. 7.5 - Prob. 4ECh. 7.5 - Prob. 5ECh. 7.5 - In Exercises 58, determine whether the events A...Ch. 7.5 - Prob. 7ECh. 7.5 - Prob. 8ECh. 7.5 - Prob. 9ECh. 7.5 - Prob. 10ECh. 7.5 - Prob. 11ECh. 7.5 - The accompanying tree diagram represents an...Ch. 7.5 - Prob. 13ECh. 7.5 - Prob. 14ECh. 7.5 - Prob. 15ECh. 7.5 - A pair of fair dice is rolled. Let E denote the...Ch. 7.5 - A pair of fair dice is rolled. What is the...Ch. 7.5 - A pair of fair dice is rolled. What is the...Ch. 7.5 - A pair of fair dice is rolled. Let E denote the...Ch. 7.5 - A pair of fair dice is rolled. Let E denote the...Ch. 7.5 - A card is drawn from a well-shuffled deck of 52...Ch. 7.5 - A card is drawn from a well-shuffled deck of 52...Ch. 7.5 - BATTERY LIFE The probability that a battery will...Ch. 7.5 - Prob. 24ECh. 7.5 - Prob. 25ECh. 7.5 - Prob. 26ECh. 7.5 - SELLING A CAR Jack has decided to advertise the...Ch. 7.5 - AUDITING TAX RETURNS A tax specialist has...Ch. 7.5 - Prob. 29ECh. 7.5 - EDUCATIONAL LEVEL OF VOTERS In a survey of 1000...Ch. 7.5 - Prob. 31ECh. 7.5 - Prob. 32ECh. 7.5 - Prob. 33ECh. 7.5 - EMPLOYEE EDUCATION AND INCOME The personnel...Ch. 7.5 - STUDENT FINANCIAL AID The accompanying data were...Ch. 7.5 - Two cards are drawn without replacement from a...Ch. 7.5 - FAMILY COMPOSITION In a three-child family, what...Ch. 7.5 - Prob. 38ECh. 7.5 - Prob. 39ECh. 7.5 - CAR THEFT Figures obtained from a citys police...Ch. 7.5 - SWITCHING BROADBAND SERVICE According to a survey...Ch. 7.5 - PROBABILITY OF TRANSPLANT REJECTION The...Ch. 7.5 - QUALITY CONTROL An automobile manufacturer obtains...Ch. 7.5 - Prob. 44ECh. 7.5 - Prob. 45ECh. 7.5 - Prob. 46ECh. 7.5 - QUALITY CONTROL A box contains two defective...Ch. 7.5 - Prob. 48ECh. 7.5 - REAL ESTATE SALES Mark, a real estate agent,...Ch. 7.5 - Prob. 50ECh. 7.5 - Prob. 51ECh. 7.5 - Prob. 52ECh. 7.5 - Prob. 53ECh. 7.5 - Prob. 54ECh. 7.5 - QUALITY CONTROL It is estimated that 0.80 of a...Ch. 7.5 - Prob. 56ECh. 7.5 - PRODUCT RELIABILITY The proprietor of Cunninghams...Ch. 7.5 - Prob. 58ECh. 7.5 - Prob. 59ECh. 7.5 - Prob. 60ECh. 7.5 - Prob. 61ECh. 7.5 - Prob. 62ECh. 7.5 - Prob. 63ECh. 7.5 - Prob. 64ECh. 7.5 - Prob. 65ECh. 7.5 - Prob. 66ECh. 7.5 - Prob. 67ECh. 7.5 - Prob. 68ECh. 7.6 - What are a priori probabilities and a posteriori...Ch. 7.6 - Prob. 2CQCh. 7.6 - Prob. 3CQCh. 7.6 - Prob. 1ECh. 7.6 - In Exercises 1-3, refer to the accompanying Venn...Ch. 7.6 - Prob. 3ECh. 7.6 - Prob. 4ECh. 7.6 - Prob. 5ECh. 7.6 - In Exercises 4-6, refer to the accompanying Venn...Ch. 7.6 - Prob. 7ECh. 7.6 - Prob. 8ECh. 7.6 - Prob. 9ECh. 7.6 - The accompanying tree diagram represent a two...Ch. 7.6 - Prob. 11ECh. 7.6 - The accompanying diagram represents a two-stage...Ch. 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 - SEAT-BELT COMPLIANCE Data compiled by the Highway...Ch. 7.6 - RETIREMENT NEEDSIn a survey of 2000 adults 50...Ch. 7.6 - BLOOD TESTS If a certain disease is present, then...Ch. 7.6 - OPINION POLLS In a survey to determine the opinion...Ch. 7.6 - CRIME RATES Data compiled by the department of...Ch. 7.6 - Prob. 26ECh. 7.6 - Prob. 27ECh. 7.6 - Prob. 28ECh. 7.6 - Prob. 29ECh. 7.6 - PERSONNEL SELECTION Applicants for temporary...Ch. 7.6 - Prob. 31ECh. 7.6 - DETECTING SHOPLIFTERS The management of Marks...Ch. 7.6 - Prob. 33ECh. 7.6 - OPINION POLLS A survey involving 400 likely...Ch. 7.6 - Prob. 35ECh. 7.6 - SELECTION OF SUPREME COURT JUDGES In a past...Ch. 7.6 - AGE DISTRIBUTION OF RENTERS A study conducted by...Ch. 7.6 - PRODUCT RELIABILITY The estimated probability that...Ch. 7.6 - An experiment consists of randomly selecting one...Ch. 7.6 - GUN OWNERS IN THE SENATE As of January 3, 2013,...Ch. 7.6 - RELIABILITY OF MEDICAL TESTS A medical test has...Ch. 7.6 - RELIABILITY OF MEDICAL TESTS Refer to Exercise 41....Ch. 7.6 - QUALITY CONTROL Jansen Electronics has four...Ch. 7.6 - Prob. 44ECh. 7.6 - QUALITY CONTROL. A halogen desk lamp produced by...Ch. 7.6 - Prob. 46ECh. 7.6 - AUTO-ACCIDENT RATES An insurance company has...Ch. 7.6 - Prob. 48ECh. 7.6 - Prob. 49ECh. 7.6 - VOTER TURNOUT BY INCOME Voter turnout drops...Ch. 7.6 - Prob. 51ECh. 7.6 - Prob. 52ECh. 7.6 - Prob. 53ECh. 7.6 - Prob. 54ECh. 7.CRQ - Fill in the blanks. An activity with observable...Ch. 7.CRQ - Prob. 2CRQCh. 7.CRQ - Prob. 3CRQCh. 7.CRQ - Prob. 4CRQCh. 7.CRQ - Prob. 5CRQCh. 7.CRQ - Prob. 6CRQCh. 7.CRE - Let E and F be two mutually exclusive events, and...Ch. 7.CRE - Prob. 2CRECh. 7.CRE - Prob. 3CRECh. 7.CRE - Prob. 4CRECh. 7.CRE - An urn contains six red balls, five black balls,...Ch. 7.CRE - Prob. 6CRECh. 7.CRE - Prob. 7CRECh. 7.CRE - Prob. 8CRECh. 7.CRE - Prob. 9CRECh. 7.CRE - Prob. 10CRECh. 7.CRE - Prob. 11CRECh. 7.CRE - Prob. 12CRECh. 7.CRE - Prob. 13CRECh. 7.CRE - Prob. 14CRECh. 7.CRE - An experiment consists of tossing a fair coin...Ch. 7.CRE - QUALITYCONTROL In a group of 20 ballpoint pens on...Ch. 7.CRE - Prob. 17CRECh. 7.CRE - Prob. 18CRECh. 7.CRE - Prob. 19CRECh. 7.CRE - Prob. 20CRECh. 7.CRE - Prob. 21CRECh. 7.CRE - Prob. 22CRECh. 7.CRE - Prob. 23CRECh. 7.CRE - Prob. 24CRECh. 7.CRE - Prob. 25CRECh. 7.CRE - Prob. 26CRECh. 7.CRE - Prob. 27CRECh. 7.CRE - Prob. 28CRECh. 7.CRE - Prob. 29CRECh. 7.CRE - Prob. 30CRECh. 7.CRE - Prob. 31CRECh. 7.CRE - Prob. 32CRECh. 7.CRE - Prob. 33CRECh. 7.CRE - Prob. 34CRECh. 7.CRE - Prob. 35CRECh. 7.CRE - FAMILY COMPOSITION Consider the composition of a...Ch. 7.CRE - Prob. 37CRECh. 7.CRE - Prob. 38CRECh. 7.CRE - Tax Preparation A survey in which people were...Ch. 7.CRE - Prob. 40CRECh. 7.CRE - Prob. 41CRECh. 7.CRE - Prob. 42CRECh. 7.CRE - Prob. 43CRECh. 7.CRE - Prob. 44CRECh. 7.CRE - Prob. 45CRECh. 7.CRE - Prob. 46CRECh. 7.CRE - Prob. 47CRECh. 7.CRE - Prob. 48CRECh. 7.CRE - Prob. 49CRECh. 7.CRE - Prob. 50CRECh. 7.BMO - Let S={s1,s2,s3,s4,s5,s6} be the sample space...Ch. 7.BMO - Prob. 2BMOCh. 7.BMO - Prob. 3BMOCh. 7.BMO - Prob. 4BMOCh. 7.BMO - Prob. 5BMO
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- Please solving problem2 Problem1 We consider a two-period binomial model with the following properties: each period lastsone (1) year and the current stock price is S0 = 4. On each period, the stock price doubleswhen it moves up and is reduced by half when it moves down. The annual interest rateon the money market is 25%. (This model is the same as in Prob. 1 of HW#2).We consider four options on this market: A European call option with maturity T = 2 years and strike price K = 5; A European put option with maturity T = 2 years and strike price K = 5; An American call option with maturity T = 2 years and strike price K = 5; An American put option with maturity T = 2 years and strike price K = 5.(a) Find the price at time 0 of both European options.(b) Find the price at time 0 of both American options. Compare your results with (a)and comment.(c) For each of the American options, describe the optimal exercising strategy.arrow_forwardPlease ensure that all parts of the question are answered thoroughly and clearly. Include a diagram to help explain answers. Make sure the explanation is easy to follow. Would appreciate work done written on paper. Thank you.arrow_forwardThis question builds on an earlier problem. The randomized numbers may have changed, but have your work for the previous problem available to help with this one. A 4-centimeter rod is attached at one end to a point A rotating counterclockwise on a wheel of radius 2 cm. The other end B is free to move back and forth along a horizontal bar that goes through the center of the wheel. At time t=0 the rod is situated as in the diagram at the left below. The wheel rotates counterclockwise at 1.5 rev/sec. At some point, the rod will be tangent to the circle as shown in the third picture. A B A B at some instant, the piston will be tangent to the circle (a) Express the x and y coordinates of point A as functions of t: x= 2 cos(3πt) and y= 2 sin(3t) (b) Write a formula for the slope of the tangent line to the circle at the point A at time t seconds: -cot(3πt) sin(3лt) (c) Express the x-coordinate of the right end of the rod at point B as a function of t: 2 cos(3πt) +411- 4 -2 sin (3лt) (d)…arrow_forward
- 5. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.5.AE.003. y y= ex² 0 Video Example x EXAMPLE 3 (a) Use the Midpoint Rule with n = 10 to approximate the integral कर L'ex² dx. (b) Give an upper bound for the error involved in this approximation. SOLUTION 8+2 1 L'ex² d (a) Since a = 0, b = 1, and n = 10, the Midpoint Rule gives the following. (Round your answer to six decimal places.) dx Ax[f(0.05) + f(0.15) + ... + f(0.85) + f(0.95)] 0.1 [0.0025 +0.0225 + + e0.0625 + 0.1225 e0.3025 + e0.4225 + e0.2025 + + e0.5625 €0.7225 +0.9025] The figure illustrates this approximation. (b) Since f(x) = ex², we have f'(x) = 0 ≤ f'(x) = < 6e. ASK YOUR TEACHER and f'(x) = Also, since 0 ≤ x ≤ 1 we have x² ≤ and so Taking K = 6e, a = 0, b = 1, and n = 10 in the error estimate, we see that an upper bound for the error is as follows. (Round your final answer to five decimal places.) 6e(1)3 e 24( = ≈arrow_forward1. Consider the following preference ballots: Number of voters Rankings 6 5 4 2 1st choice A DCB DC 2nd choice B B D 3rd choice DCBD 4th choice CA AAA For each of the four voting systems we have studied, determine who would win the election in each case. (Remember: For plurality with runoff, all but the top two vote-getters are simultaneously eliminated at the end of round 1.)arrow_forwardPractice k Help ises A 96 Anewer The probability that you get a sum of at least 10 is Determine the number of ways that the specified event can occur when two number cubes are rolled. 1. Getting a sum of 9 or 10 3. Getting a sum less than 5 2. Getting a sum of 6 or 7 4. Getting a sum that is odd Tell whether you would use the addition principle or the multiplication principle to determine the total number of possible outcomes for the situation described. 5. Rolling three number cubes 6. Getting a sum of 10 or 12 after rolling three number cubes A set of playing cards contains four groups of cards designated by color (black, red, yellow, and green) with cards numbered from 1 to 14 in each group. Determine the number of ways that the specified event can occur when a card is drawn from the set. 7. Drawing a 13 or 14 9. Drawing a number less than 4 8. Drawing a yellow or green card 10. Drawing a black, red, or green car The spinner is divided into equal parts. Find the specified…arrow_forward
- Problem 1.We consider a two-period binomial model with the following properties: each period lastsone (1) year and the current stock price is S0 = 4. On each period, the stock price doubleswhen it moves up and is reduced by half when it moves down. The annual interest rateon the money market is 25%. We consider four options on this market: A European call option with maturity T = 2 years and strike price K = 5; A European put option with maturity T = 2 years and strike price K = 5; An American call option with maturity T = 2 years and strike price K = 5; An American put option with maturity T = 2 years and strike price K = 5.(a) Find the price at time 0 of both European options.(b) Find the price at time 0 of both American options. Compare your results with (a)and comment.(c) For each of the American options, describe the optimal exercising strategy.(d) We assume that you sell the American put to a market participant A for the pricefound in (b). Explain how you act on the market…arrow_forwardWhat is the standard scores associated to the left of z is 0.1446arrow_forward2. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.5.015. Use the Trapezoidal Rule, the Midpoint Rule, and Simpson's Rule to approximate the given integral with the specified value of n. (Round your answers to six decimal places.) ASK YOUR TEACHER 3 1 3 + dy, n = 6 (a) the Trapezoidal Rule (b) the Midpoint Rule (c) Simpson's Rule Need Help? Read It Watch Itarrow_forward
- This question builds on an earlier problem. The randomized numbers may have changed, but have your work for the previous problem available to help with this one. A 4-centimeter rod is attached at one end to a point A rotating counterclockwise on a wheel of radius 2 cm. The other end B is free to move back and forth along a horizontal bar that goes through the center of the wheel. At time t=0 the rod is situated as in the diagram at the left below. The wheel rotates counterclockwise at 1.5 rev/sec. At some point, the rod will be tangent to the circle as shown in the third picture. B A B at some instant, the piston will be tangent to the circle (a) Express the x and y coordinates of point A as functions of t: x= 2 cos(3πt) and y= 2 sin(3πt) (b) Write a formula for the slope of the tangent line to the circle at the point A at time t seconds: -cot (3πt) (c) Express the x-coordinate of the right end of the rod at point B as a function of t: 2 cos(3πt) +41/1 (d) Express the slope of the rod…arrow_forwardConsider the proof below: Proposition: If m is an even integer, then 5m +4 is an even integer. Proof: We see that |5m+4=10n+4 = 2(5n+2). Therefore, 5m+4 is an even integer. **Note: you may assume the proof is valid, just poorly written. Based upon the Section 1.3 screencast and the reading assignment, select all writing guidelines that are missing in the proof. Proof begins by stating assumptions ✓ Proof has an invitational tone/uses collective pronouns Proof is written in complete sentences Each step is justified ☐ Proof has a clear conclusionarrow_forwardNote: The purpose of this problem below is to use computational techniques (Excelspreadsheet, Matlab, R, Python, etc.) and code the dynamic programming ideas seen inclass. Please provide the numerical answer to the questions as well as a sample of yourwork (spreadsheet, code file, etc.).We consider an N-period binomial model with the following properties: N = 60, thecurrent stock price is S0 = 1000; on each period, the stock price increases by 0.5% whenit moves up and decreases by 0.3% when it moves down. The annual interest rate on themoney market is 5%. (Notice that this model is a CRR model, which means that thebinomial tree is recombining.)(a) Find the price at time t0 = 0 of a (European) call option with strike price K = 1040and maturity T = 1 year.(b) Find the price at time t0 = 0 of a (European) put option with strike price K = 1040and maturity T = 1 year.(c) We consider now, that you are at time t5 (i.e. after 5 periods, which represents 1month later). Assume that the stock…arrow_forward
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