Discrete Mathematics
5th Edition
ISBN: 9780134689562
Author: Dossey, John A.
Publisher: Pearson,
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Chapter 8, Problem 35SE
To determine
The number of different ways to select the recipients.
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Starting with the finished version of Example 6.2, attached, change the decision criterion to "maximize expected utility," using an exponential utility function with risk tolerance $5,000,000. Display certainty equivalents on the tree.
a. Keep doubling the risk tolerance until the company's best strategy is the same as with the EMV criterion—continue with development and then market if successful.
The risk tolerance must reach $ 160,000,000 before the risk averse company acts the same as the EMV-maximizing company.
b. With a risk tolerance of $320,000,000, the company views the optimal strategy as equivalent to receiving a sure $____________ , even though the EMV from the original strategy (with no risk tolerance) is $ 59,200.
Complete solutions need handwriting. For all only sure experts solve it correct complete solutions
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A) estimate the fraction of the total expenses that were spent on Medicare. Write your answer as the
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Chapter 8 Solutions
Discrete Mathematics
Ch. 8.1 - Evaluate the numbers in Exercises 1-12.
C(5, 3)
Ch. 8.1 - Prob. 2ECh. 8.1 - Prob. 3ECh. 8.1 - Evaluate the numbers in Exercises 1-12.
C(12, 7)
Ch. 8.1 - Prob. 5ECh. 8.1 - Evaluate the numbers in Exercises 1-12.
the...Ch. 8.1 - Prob. 7ECh. 8.1 - Evaluate the numbers in Exercises 1-12.
the...Ch. 8.1 - Prob. 9ECh. 8.1 - Evaluate the numbers in Exercises 1-12.
the...
Ch. 8.1 - Evaluate the numbers in Exercises 1-12.
the...Ch. 8.1 - Evaluate the numbers in Exercises 1-12.
the...Ch. 8.1 - Prob. 13ECh. 8.1 - Prob. 14ECh. 8.1 - Prob. 15ECh. 8.1 - Prob. 16ECh. 8.1 - Prob. 17ECh. 8.1 - Prob. 18ECh. 8.1 - Prob. 19ECh. 8.1 - Prob. 20ECh. 8.1 - Prob. 21ECh. 8.1 - Prob. 22ECh. 8.1 - Prob. 25ECh. 8.1 - Prob. 26ECh. 8.1 - Prob. 27ECh. 8.1 - Prob. 28ECh. 8.1 - Prob. 29ECh. 8.1 - Prob. 30ECh. 8.2 - How many people must there be in order to assure...Ch. 8.2 - If a committee varies its meeting days, how many...Ch. 8.2 - Prob. 3ECh. 8.2 - How many words must be chosen in order to assure...Ch. 8.2 - Prob. 5ECh. 8.2 - If there are 6 sections of Discrete Math with a...Ch. 8.2 - Prob. 7ECh. 8.2 - A sociologist intends to send a questionnaire to...Ch. 8.2 - Prob. 9ECh. 8.2 - How many different pizzas can be ordered if a...Ch. 8.2 - Prob. 11ECh. 8.2 - Prob. 12ECh. 8.2 - Prob. 13ECh. 8.2 - Prob. 14ECh. 8.2 - Prob. 15ECh. 8.2 - Prob. 16ECh. 8.2 - Prob. 17ECh. 8.2 - Prob. 18ECh. 8.2 - Prob. 19ECh. 8.2 - Prob. 20ECh. 8.2 - Prob. 21ECh. 8.2 - A restaurant offers a choice of 3 green vegetables...Ch. 8.2 - Prob. 23ECh. 8.2 - Prob. 24ECh. 8.2 - Prob. 25ECh. 8.2 - Prob. 26ECh. 8.2 - Prob. 27ECh. 8.2 - Prob. 28ECh. 8.2 - Prob. 29ECh. 8.2 - How many 8-bit strings begin with 010 or end with...Ch. 8.2 - Prob. 31ECh. 8.2 - Prob. 32ECh. 8.2 - Prob. 33ECh. 8.2 - Prove that in any nonempty list of n integers (not...Ch. 8.2 - Prob. 35ECh. 8.2 - Suppose that there are 15 identical copies of The...Ch. 8.3 - Evaluate the numbers in Exercises 1-12.
1. C(6,...Ch. 8.3 - Prob. 2ECh. 8.3 - Prob. 3ECh. 8.3 - Evaluate the numbers in Exercises 1-12.
4. C(8,...Ch. 8.3 - Evaluate the numbers in Exercises 1-12.
5. P(4,...Ch. 8.3 - Prob. 6ECh. 8.3 - Prob. 7ECh. 8.3 - Evaluate the numbers in Exercises 1-12.
8. P(12,...Ch. 8.3 - Prob. 9ECh. 8.3 - Prob. 10ECh. 8.3 - Prob. 11ECh. 8.3 - Evaluate the numbers in Exercises 1-12.
12. P(n,...Ch. 8.3 - Prob. 13ECh. 8.3 - How many different arrangements are there of the...Ch. 8.3 - Prob. 15ECh. 8.3 - How many different ways are there of selecting...Ch. 8.3 - Prob. 17ECh. 8.3 - How many different 16-bit strings contain exactly...Ch. 8.3 - Prob. 19ECh. 8.3 - Prob. 20ECh. 8.3 - Prob. 21ECh. 8.3 - Prob. 22ECh. 8.3 - Prob. 23ECh. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - Prob. 26ECh. 8.3 - Prob. 27ECh. 8.3 - Prob. 28ECh. 8.3 - Prob. 29ECh. 8.3 - Prob. 30ECh. 8.3 - Prob. 31ECh. 8.3 - Prob. 32ECh. 8.3 - Prob. 33ECh. 8.3 - Prob. 34ECh. 8.3 - Prob. 35ECh. 8.3 - Prob. 36ECh. 8.4 - How many distinct arrangements of the letters in...Ch. 8.4 - Prob. 2ECh. 8.4 - Prob. 3ECh. 8.4 - Prob. 4ECh. 8.4 - Prob. 5ECh. 8.4 - How many different assortments of 6 boxes of...Ch. 8.4 - Prob. 7ECh. 8.4 - How many different boxes containing 10 wedges of...Ch. 8.4 - Prob. 9ECh. 8.4 - In how many different ways can 15 distinct books...Ch. 8.4 - Prob. 11ECh. 8.4 - Prob. 12ECh. 8.4 - Prob. 13ECh. 8.4 - Prob. 14ECh. 8.4 - In how many different ways can 6 identical sticks...Ch. 8.4 - A father has 10 identical life insurance policies....Ch. 8.4 - Prob. 17ECh. 8.4 - Prob. 18ECh. 8.4 - In how many different ways can 8 identical...Ch. 8.4 - Prob. 20ECh. 8.4 - Prob. 21ECh. 8.4 - Prob. 22ECh. 8.4 - Prob. 23ECh. 8.4 - Prob. 24ECh. 8.4 - Prob. 26ECh. 8.4 - How many positive integers less than 10,000 are...Ch. 8.4 - How many distinct arrangements are there of two...Ch. 8.4 - How many positive integers less than 1,000,000 are...Ch. 8.4 - Prob. 32ECh. 8.4 - Prob. 33ECh. 8.4 - Prob. 34ECh. 8.4 - Prob. 35ECh. 8.5 - Prob. 1ECh. 8.5 - Prob. 2ECh. 8.5 - Prob. 3ECh. 8.5 - Prob. 4ECh. 8.5 - Prob. 5ECh. 8.5 - Prob. 6ECh. 8.5 - Prob. 7ECh. 8.5 - Prob. 8ECh. 8.5 - Prob. 9ECh. 8.5 - Prob. 10ECh. 8.5 - Prob. 11ECh. 8.5 - Prob. 12ECh. 8.5 - Prob. 13ECh. 8.5 - Prob. 14ECh. 8.5 - Prob. 15ECh. 8.5 - Prob. 16ECh. 8.5 - Prob. 17ECh. 8.5 - Prob. 18ECh. 8.5 - What is the probability that a randomly chosen...Ch. 8.5 - Prob. 20ECh. 8.5 - Three $ 10 bills, four $5 bills, and six $1 bills...Ch. 8.5 - If a 5-member committee is selected at random from...Ch. 8.5 - Suppose that we randomly distribute 5 distinct...Ch. 8.5 - If 10 quarters are distributed at random to 4...Ch. 8.5 - Exactly 4 of 20 microcomputer diskettes are...Ch. 8.5 - In Exercises 31–34, compute the probability of...Ch. 8.5 - In Exercises 31–34, compute the probability of...Ch. 8.5 - In Exercises 31–34, compute the probability of...Ch. 8.5 - In Exercises 31–34, compute the probability of...Ch. 8.5 - A file contains 25 accounts numbered 1–25. If 5 of...Ch. 8.5 - In the Illinois State Lotto game, 6 of the...Ch. 8.6 - In a survey of moviegoers it was found that 33...Ch. 8.6 - Among a group of children, 88 liked pizza and 27...Ch. 8.6 - Among the 318 members of a local union, 127 liked...Ch. 8.6 - In a particular dormitory, there are 350 college...Ch. 8.6 - From a group of 650 residents of a city, the...Ch. 8.6 - In tabulating the 5681 responses to a...Ch. 8.6 - The following data were obtained from the...Ch. 8.6 - The following information was found about the...Ch. 8.6 - Eight married couples came to a bridge party. Each...Ch. 8.6 - List all the derangements of 1, 2, 3, 4.
Ch. 8.6 - While taking a 6-week summer math class, Alison...Ch. 8.6 - How many sequences of five digits (0–9) contain at...Ch. 8.6 - For the following graph, determine the number of...Ch. 8.6 - If three married couples are seated randomly in...Ch. 8.6 - How many positive integers less than 101 are...Ch. 8.6 - How many sequences of six digits (0–9) contain at...Ch. 8.6 - At Brokaw Hospital, six babies were born to six...Ch. 8.6 - In how many ways can four married couples be...Ch. 8.6 - How many arrangements of the numbers 1, 1, 2, 2,...Ch. 8.6 - How many five-card poker hands contain at least...Ch. 8.6 - How many of the functions with domain {5, 6, 7, 8,...Ch. 8.6 - How many nonnegative integer solutions of x1 + x2...Ch. 8.6 - Suppose that five balls numbered 1, 2, 3, 4, and 5...Ch. 8.6 - Prob. 26ECh. 8.6 - Prob. 27ECh. 8.6 - Prob. 28ECh. 8.6 - For nonnegative integers n and m, define S(n, m)...Ch. 8.6 - Prob. 30ECh. 8.6 - Prob. 31ECh. 8.6 - Prob. 32ECh. 8.6 - Prob. 35ECh. 8.6 - Prob. 36ECh. 8.7 - Prob. 1ECh. 8.7 - Prob. 2ECh. 8.7 - Prob. 3ECh. 8.7 - Prob. 4ECh. 8.7 - Prob. 5ECh. 8.7 - Prob. 6ECh. 8.7 - Prob. 7ECh. 8.7 - Prob. 8ECh. 8.7 - In Exercises 7-18, determine the successor of...Ch. 8.7 - Prob. 10ECh. 8.7 - Prob. 11ECh. 8.7 - Prob. 12ECh. 8.7 - Prob. 13ECh. 8.7 - Prob. 14ECh. 8.7 - Prob. 15ECh. 8.7 - Prob. 16ECh. 8.7 - Prob. 17ECh. 8.7 - Prob. 18ECh. 8.7 - Prob. 19ECh. 8.7 - Prob. 20ECh. 8.7 - Prob. 21ECh. 8.7 - Prob. 22ECh. 8.7 - Prob. 23ECh. 8.7 - Prob. 24ECh. 8.7 - Prob. 25ECh. 8.7 - Prob. 26ECh. 8.7 - Prob. 27ECh. 8.7 - Prob. 28ECh. 8.7 - Prob. 29ECh. 8.7 - Prob. 30ECh. 8.7 - Prob. 31ECh. 8.7 - Prob. 32ECh. 8 - Prob. 1SECh. 8 - Prob. 2SECh. 8 - Prob. 3SECh. 8 - Prob. 4SECh. 8 - Prob. 5SECh. 8 - Prob. 6SECh. 8 - Prob. 7SECh. 8 - Prob. 8SECh. 8 - Prob. 9SECh. 8 - Prob. 10SECh. 8 - Prob. 11SECh. 8 - Prob. 12SECh. 8 - Prob. 13SECh. 8 - Prob. 14SECh. 8 - Prob. 15SECh. 8 - Prob. 16SECh. 8 - Prob. 17SECh. 8 - How many integers between 1500 and 8000...Ch. 8 - Prob. 19SECh. 8 - Prob. 20SECh. 8 - Prob. 21SECh. 8 - Prob. 22SECh. 8 - Prob. 23SECh. 8 - Prob. 24SECh. 8 - Prob. 25SECh. 8 - Prob. 26SECh. 8 - Prob. 27SECh. 8 - Prob. 28SECh. 8 - Prob. 29SECh. 8 - Prob. 30SECh. 8 - Prob. 31SECh. 8 - Prob. 32SECh. 8 - Prob. 33SECh. 8 - Prob. 34SECh. 8 - Prob. 35SECh. 8 - Prob. 36SECh. 8 - Prob. 37SECh. 8 - Prob. 38SECh. 8 - Prob. 39SECh. 8 - Prob. 41SECh. 8 - Prob. 42SECh. 8 - Prob. 43SECh. 8 - Prob. 44SECh. 8 - Prob. 45SECh. 8 - Prob. 46SECh. 8 - Prob. 47SECh. 8 - Prob. 49SECh. 8 - Prob. 50SECh. 8 - Prob. 51SECh. 8 - Prob. 52SECh. 8 - Prob. 53SECh. 8 - Prob. 56SECh. 8 - Prob. 57SECh. 8 - Prob. 3CPCh. 8 - Prob. 4CP
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- Starting with the finished version of Example 6.2, attached, change the decision criterion to "maximize expected utility," using an exponential utility function with risk tolerance $5,000,000. Display certainty equivalents on the tree. a. Keep doubling the risk tolerance until the company's best strategy is the same as with the EMV criterion—continue with development and then market if successful. The risk tolerance must reach $ ____________ before the risk averse company acts the same as the EMV-maximizing company. b. With a risk tolerance of $320,000,000, the company views the optimal strategy as equivalent to receiving a sure $____________ , even though the EMV from the original strategy (with no risk tolerance) is $ ___________ .arrow_forward2.8.1arrow_forwardDo not use the Residue Theorem. Thank you.arrow_forward
- A television network earns an average of $14 million each season from a hit program and loses an average of $8 million each season on a program that turns out to be a flop. Of all programs picked up by this network in recent years, 25% turn out to be hits and 75% turn out to be flops. At a cost of C dollars, a market research firm will analyze a pilot episode of a prospective program and issue a report predicting whether the given program will end up being a hit. If the program is actually going to be a hit, there is a 75% chance that the market researchers will predict the program to be a hit. If the program is actually going to be a flop, there is only a 30% chance that the market researchers will predict the program to be a hit. What is the maximum value of C that the network should be willing to pay the market research firm? Enter your answer in dollars, not in million dollars. $ __________ Calculate EVPI for this decision problem. Enter your answer in dollars, not in million…arrow_forwardEvaluate the line integral sin z dz, So sin where C is the portion of the curve y = x² from 0 to −1 + i.arrow_forwardLet f(z) be complex differentiable everywhere in C. Fix two distinct complex numbers a and b and a circle C of radius R with |a| < R,|b| < R traversed in the counter-clockwise direction. Evaluate the integral Sc − f(z)dz (z - a)(z – b) in terms of a, b and the values of f at those points.arrow_forward
- | Let C be a circle (with a positive radius) such that z = 1 lies in its interior. Evaluate the contour integral So Tz zez (z - 1)³ = where C is traversed in the clockwise direction. dzarrow_forwardquestion 8arrow_forwardTwo construction companies are bidding against one another for the right to construct a new community center building. The first construction company, Fine Line Homes, believes that its competitor, Buffalo Valley Construction, will place a bid for this project according to the distribution shown in this table: Buffalo Valley's Bid Bid Probability $160,000 0.2 $165,000 0.5 $170,000 0.2 $175,000 0.1 Furthermore, Fine Line Homes estimates that it will cost $160,000 for its own company to construct this building. Given its fine reputation and long-standing service within the local community, Fine Line Homes believes that it will likely be awarded the project in the event that it and Buffalo Valley Construction submit exactly the same bids. Find the bid that maximizes Fine Line’s expected profit. Max expected profit $ ________ . Bid that maximizes profit $ ________ .arrow_forward
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