EBK MATHEMATICS WITH APPLICATIONS IN TH
11th Edition
ISBN: 8220101336323
Author: MULLINS
Publisher: PEARSON
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Chapter 8.3, Problem 50E
To determine
Whether the probability assignment is possible for the experiment.
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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 8 Solutions
EBK MATHEMATICS WITH APPLICATIONS IN TH
Ch. 8.1 - Checkpoint 1
Indicate whether each statement is...Ch. 8.1 - Prob. 2CPCh. 8.1 - Prob. 3CPCh. 8.1 - Prob. 4CPCh. 8.1 - Checkpoint 5
Find the number of subsets for each...Ch. 8.1 - Prob. 6CPCh. 8.1 - Prob. 7CPCh. 8.1 - Prob. 8CPCh. 8.1 - Prob. 9CPCh. 8.1 - Prob. 10CP
Ch. 8.1 - Write true or false for each statement. (See...Ch. 8.1 - Prob. 2ECh. 8.1 - Prob. 3ECh. 8.1 - Write true or false for each statement. (See...Ch. 8.1 - Prob. 5ECh. 8.1 - Prob. 6ECh. 8.1 - Prob. 7ECh. 8.1 - Prob. 8ECh. 8.1 - Prob. 9ECh. 8.1 - Prob. 10ECh. 8.1 - Prob. 11ECh. 8.1 - Prob. 12ECh. 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 - Find the number of subsets of the given set. (See...Ch. 8.1 - Prob. 24ECh. 8.1 - Prob. 25ECh. 8.1 - Prob. 26ECh. 8.1 - Prob. 27ECh. 8.1 - Prob. 28ECh. 8.1 - Insert or to make each statement true. (See...Ch. 8.1 - Prob. 30ECh. 8.1 - Insert or to make each statement true. (See...Ch. 8.1 - Insert or to make each statement true. (See...Ch. 8.1 - Insert or to make each statement true. (See...Ch. 8.1 - Insert or to make each statement true. (See...Ch. 8.1 - Insert or to make each statement true. (See...Ch. 8.1 - Prob. 36ECh. 8.1 - Prob. 37ECh. 8.1 - Prob. 38ECh. 8.1 - Prob. 39ECh. 8.1 - Prob. 40ECh. 8.1 - Prob. 41ECh. 8.1 - Prob. 42ECh. 8.1 - Prob. 43ECh. 8.1 - Prob. 44ECh. 8.1 - Prob. 45ECh. 8.1 - Prob. 46ECh. 8.1 - Prob. 47ECh. 8.1 - Prob. 48ECh. 8.1 - Prob. 49ECh. 8.1 - Prob. 50ECh. 8.1 - Prob. 51ECh. 8.1 - Prob. 52ECh. 8.1 - Prob. 53ECh. 8.1 - Prob. 54ECh. 8.1 - Prob. 55ECh. 8.1 - Prob. 56ECh. 8.1 - Prob. 57ECh. 8.1 - Prob. 58ECh. 8.1 - Food and Drink Sales Sales (in millions of...Ch. 8.1 - Prob. 60ECh. 8.1 - Prob. 61ECh. 8.1 - Prob. 62ECh. 8.1 - Prob. 63ECh. 8.1 - Prob. 64ECh. 8.1 - Prob. 65ECh. 8.1 - Prob. 66ECh. 8.1 - Prob. 67ECh. 8.1 - Prob. 68ECh. 8.1 - Prob. 69ECh. 8.1 - Prob. 70ECh. 8.1 - Prob. 71ECh. 8.1 - Prob. 72ECh. 8.1 - Prob. 73ECh. 8.1 - Prob. 74ECh. 8.1 - Prob. 75ECh. 8.1 - Prob. 76ECh. 8.1 - Prob. 77ECh. 8.1 - Farm Products The following table gives the amount...Ch. 8.2 - Checkpoint 1
Draw Venn diagrams for the given set...Ch. 8.2 - Prob. 2CPCh. 8.2 - Checkpoint 3
(a) Place numbers in the regions on a...Ch. 8.2 - Prob. 4CPCh. 8.2 - Checkpoint 5
In example 5, suppose 75 patients...Ch. 8.2 - Prob. 6CPCh. 8.2 - Prob. 7CPCh. 8.2 - Sketch a Venn diagram like the one shown, and use...Ch. 8.2 - Prob. 2ECh. 8.2 - Prob. 3ECh. 8.2 - Prob. 4ECh. 8.2 - Prob. 5ECh. 8.2 - Prob. 6ECh. 8.2 - Prob. 7ECh. 8.2 - Prob. 8ECh. 8.2 - Prob. 9ECh. 8.2 - Prob. 10ECh. 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 - Use Venn diagrams to answer the given questions....Ch. 8.2 - Use Venn diagrams to answer the given questions....Ch. 8.2 - 19. Business The human resources director for a...Ch. 8.2 - 20. Business A pet store keeps track of the...Ch. 8.2 - 21. Natural Science A marine biologist surveys...Ch. 8.2 - 22. Health Human blood can contain either no...Ch. 8.2 - 23. Natural Science Use the diagram from Exercise...Ch. 8.2 - 24. Business In reviewing the portfolios of 365 of...Ch. 8.2 - For Exercises 25-30, use the given contingency...Ch. 8.2 - For Exercises 25-30, use the given contingency...Ch. 8.2 - Life Classification In Exercises 27 and 28, the...Ch. 8.2 - Life Classification In Exercises 27 and 28, the...Ch. 8.2 - Prob. 29ECh. 8.2 - Prob. 30ECh. 8.2 - Prob. 31ECh. 8.2 - Prob. 32ECh. 8.2 - Prob. 33ECh. 8.2 - 30. If n(A) =5, n(B) = 8, and n( A ∩ B) = 4, what...Ch. 8.2 - Prob. 35ECh. 8.2 - Prob. 36ECh. 8.2 - Prob. 37ECh. 8.2 - Prob. 38ECh. 8.2 - Prob. 39ECh. 8.2 - Prob. 40ECh. 8.2 - Prob. 41ECh. 8.2 - Prob. 42ECh. 8.2 - Prob. 43ECh. 8.2 - Prob. 44ECh. 8.2 - Prob. 45ECh. 8.2 - Prob. 46ECh. 8.2 - Prob. 47ECh. 8.2 - Prob. 48ECh. 8.2 - Prob. 49ECh. 8.2 - Prob. 50ECh. 8.2 - Prob. 51ECh. 8.3 - Checkpoint 1
Draw a tree diagram for the random...Ch. 8.3 - Checkpoint 2
Suppose a die is tossed. Write the...Ch. 8.3 - Checkpoint 3
Which of the events listed in...Ch. 8.3 - Checkpoint 4
Write the set notation for the given...Ch. 8.3 - Checkpoint 5
In Example 5, let F = {2, 4, 6}, K =...Ch. 8.3 - Checkpoint 6
A fair die is rolled. Find the...Ch. 8.3 - Checkpoint 7
A single playing card is drawn at...Ch. 8.3 - Checkpoint 8
From the data given in Example 8,...Ch. 8.3 - 1. What is meant by a “fair” coin or die?
Ch. 8.3 - 2. What is the sample space for a random...Ch. 8.3 - 3. A month of the year is chosen for a...Ch. 8.3 - Write sample spaces for the random experiments in...Ch. 8.3 - Write sample spaces for the random experiments in...Ch. 8.3 - Write sample spaces for the random experiments in...Ch. 8.3 - Write sample spaces for the random experiments in...Ch. 8.3 - Write sample spaces for the random experiments in...Ch. 8.3 - Write sample spaces for the random experiments in...Ch. 8.3 - 10. Define an event.
Ch. 8.3 - 11. Define disjoint events in your own words.
Ch. 8.3 - Decide whether the events are disjoint. (See...Ch. 8.3 - Decide whether the events are disjoint. (See...Ch. 8.3 - Decide whether the events are disjoint. (See...Ch. 8.3 - Decide whether the events are disjoint. (See...Ch. 8.3 - Decide whether the events are disjoint. (See...Ch. 8.3 - Decide whether the events are disjoint. (See...Ch. 8.3 - For the random experiments in Exercises 18–20,...Ch. 8.3 -
For the random experiments in Exercises 18–20,...Ch. 8.3 - For the random experiments in Exercises 18–20,...Ch. 8.3 - In Exercises 21–23, write out the sample space and...Ch. 8.3 - In Exercises 21–23, write out the sample space and...Ch. 8.3 - In Exercises 21–23, write out the sample space and...Ch. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - A single fair die is rolled. Find the...Ch. 8.3 - A single fair die is rolled. Find the...Ch. 8.3 - A single fair die is rolled. Find the...Ch. 8.3 - David Klein wants to adopt a puppy from an animal...Ch. 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. 8.3 - Business The following table gives the number of...Ch. 8.3 - Business The following table gives the number of...Ch. 8.3 - 39. Social Science Respondents to the 2012 General...Ch. 8.3 - Prob. 40ECh. 8.3 - S&P 500 As of March 7, 2017, the 505 stocks in the...Ch. 8.3 - SP 500 As of March 7, 2017, the 505 stocks in the...Ch. 8.3 - Prob. 43ECh. 8.3 - Prob. 44ECh. 8.3 - Prob. 45ECh. 8.3 - Prob. 46ECh. 8.3 - Prob. 47ECh. 8.3 - Prob. 48ECh. 8.3 - Prob. 49ECh. 8.3 - Prob. 50ECh. 8.3 - Prob. 51ECh. 8.3 - Prob. 52ECh. 8.4 - Checkpoint 1
If an American roulette wheel is...Ch. 8.4 - Checkpoint 2
In the random experiment of Example...Ch. 8.4 - Prob. 3CPCh. 8.4 - Checkpoint 4
(a) Let Find
(b) If find
Ch. 8.4 - Prob. 5CPCh. 8.4 - Prob. 6CPCh. 8.4 - Prob. 7CPCh. 8.4 - Prob. 8CPCh. 8.4 - Prob. 9CPCh. 8.4 - Assume a single spin of the roulette wheel is...Ch. 8.4 - Assume a single spin of the roulette wheel is...Ch. 8.4 - Assume a single spin of the roulette wheel is...Ch. 8.4 - Also with a single spin of the roulette wheel,...Ch. 8.4 - Prob. 5ECh. 8.4 - Prob. 6ECh. 8.4 - Prob. 7ECh. 8.4 - Prob. 8ECh. 8.4 - Prob. 9ECh. 8.4 - Prob. 10ECh. 8.4 - Two dice are rolled. Find the probabilities of...Ch. 8.4 - Prob. 12ECh. 8.4 - Prob. 13ECh. 8.4 - Tami goes shopping and sees three kinds of shoes:...Ch. 8.4 - Ms. Elliott invites 10 relatives to a party: her...Ch. 8.4 - Prob. 16ECh. 8.4 - Use Venn diagrams to work Exercises 17–21. (See...Ch. 8.4 - Prob. 18ECh. 8.4 - Use Venn diagrams to work Exercises 17–22. (See...Ch. 8.4 - Prob. 20ECh. 8.4 - Prob. 21ECh. 8.4 - Prob. 22ECh. 8.4 - Prob. 23ECh. 8.4 - Prob. 24ECh. 8.4 - Prob. 25ECh. 8.4 - Prob. 26ECh. 8.4 - Prob. 27ECh. 8.4 - 28. Find the odds of not drawing a white marble in...Ch. 8.4 - Prob. 29ECh. 8.4 - Prob. 30ECh. 8.4 - Prob. 31ECh. 8.4 - Education For Exercises 31–34, find the odds of...Ch. 8.4 - Prob. 33ECh. 8.4 - Prob. 34ECh. 8.4 - Government Revenue For Exercises 3538, convert the...Ch. 8.4 - Prob. 36ECh. 8.4 - Prob. 37ECh. 8.4 - Government Revenue For Exercises 3538, convert the...Ch. 8.4 - Prob. 39ECh. 8.4 - Prob. 40ECh. 8.4 - S&P 500 Stocks For Exercises 39–46, use the...Ch. 8.4 - Prob. 42ECh. 8.4 - One way to solve a probability problem is to...Ch. 8.4 - One way to solve a probability problem is to...Ch. 8.4 - One way to solve a probability problem is to...Ch. 8.4 - Prob. 58ECh. 8.4 - SP 500 Stocks For Exercises 3946, use the...Ch. 8.4 - SP 500 Stocks For Exercises 3946, use the...Ch. 8.4 - Prob. 45ECh. 8.4 - S&P 500 Stocks For Exercises 39–46, use the...Ch. 8.4 - Hours Worked Data from the 2016 General Social...Ch. 8.4 - Hours Worked Data from the 2016 General Social...Ch. 8.4 - Hours Worked Data from the 2016 General Social...Ch. 8.4 - Hours Worked Data from the 2016 General Social...Ch. 8.4 - Hours Worked Data from the 2016 General Social...Ch. 8.4 - Hours Worked Data from the 2016 General Social...Ch. 8.4 - Hours Worked Data from the 2016 General Social...Ch. 8.4 - Prob. 54ECh. 8.4 - Prob. 59ECh. 8.4 - Prob. 60ECh. 8.5 - ✓ Checkpoint 1
Use the date in the table to...Ch. 8.5 - Prob. 2CPCh. 8.5 - Prob. 3CPCh. 8.5 - Checkpoint 4
In Example 3, find the probability...Ch. 8.5 - Prob. 5CPCh. 8.5 - Prob. 6CPCh. 8.5 - Prob. 7CPCh. 8.5 - Prob. 8CPCh. 8.5 - Prob. 9CPCh. 8.5 - Prob. 10CPCh. 8.5 - Prob. 11CPCh. 8.5 - Prob. 12CPCh. 8.5 - If a single fair die is rolled, find the...Ch. 8.5 - If a single fair die is rolled, find the...Ch. 8.5 - If a single fair die is rolled, find the...Ch. 8.5 - Prob. 4ECh. 8.5 - If two fair dice are rolled (recall the 36-outcome...Ch. 8.5 - If two fair dice are rolled (recall the 36-outcome...Ch. 8.5 - If two cards are drawn without replacement from an...Ch. 8.5 - Prob. 8ECh. 8.5 - If two cards are drawn without replacement from an...Ch. 8.5 - Prob. 10ECh. 8.5 - Prob. 11ECh. 8.5 - Prob. 12ECh. 8.5 - Prob. 13ECh. 8.5 - 14. A student reasons that the probability in...Ch. 8.5 - Decide whether the two events listed are...Ch. 8.5 - Prob. 16ECh. 8.5 - Prob. 17ECh. 8.5 - Prob. 18ECh. 8.5 - Decide whether the two events listed are...Ch. 8.5 - Decide whether the two events listed are...Ch. 8.5 - Firm Size According to data from the U.S. Small...Ch. 8.5 - Prob. 22ECh. 8.5 - Firm Size According to data from the U.S. Small...Ch. 8.5 - Firm Size According to data from the U.S. Small...Ch. 8.5 - Hours Worked Data from the 2016 General Social...Ch. 8.5 - Hours Worked Data from the 2016 General Social...Ch. 8.5 - Hours Worked Data from the 2016 General Social...Ch. 8.5 - Prob. 28ECh. 8.5 - Hours Worked Data from the 2016 General Social...Ch. 8.5 - Prob. 31ECh. 8.5 - Prob. 30ECh. 8.5 - Prob. 32ECh. 8.5 - Prob. 33ECh. 8.5 - Prob. 34ECh. 8.5 - Natural Science The following table shows...Ch. 8.5 - Prob. 36ECh. 8.5 - Natural Science The following table shows...Ch. 8.5 - Natural Science The following table shows...Ch. 8.5 - Natural Science The following table shows...Ch. 8.5 - Prob. 40ECh. 8.5 - Prob. 41ECh. 8.5 - Prob. 42ECh. 8.5 - Prob. 43ECh. 8.5 - Prob. 44ECh. 8.5 - Social Science The Motor Vehicle Department in a...Ch. 8.5 - Social Science The Motor Vehicle Department in a...Ch. 8.5 - Prob. 47ECh. 8.5 - Prob. 48ECh. 8.5 - Prob. 49ECh. 8.5 - Prob. 50ECh. 8.5 - Prob. 51ECh. 8.5 - Prob. 52ECh. 8.5 - Prob. 53ECh. 8.5 - Prob. 54ECh. 8.5 - Prob. 55ECh. 8.5 - Prob. 56ECh. 8.5 - Prob. 57ECh. 8.5 - Prob. 58ECh. 8.5 - Prob. 59ECh. 8.5 - Prob. 60ECh. 8.5 - Prob. 61ECh. 8.5 - Prob. 62ECh. 8.5 - Prob. 63ECh. 8.5 - Prob. 64ECh. 8.6 - Prob. 1CPCh. 8.6 - Prob. 2CPCh. 8.6 - Prob. 3CPCh. 8.6 - Prob. 4CPCh. 8.6 - Prob. 1ECh. 8.6 - Prob. 2ECh. 8.6 - Prob. 3ECh. 8.6 - Prob. 4ECh. 8.6 - Prob. 5ECh. 8.6 - Prob. 6ECh. 8.6 - Prob. 7ECh. 8.6 - Prob. 8ECh. 8.6 - S&P 500 Stocks On March 7, 2017, the probability...Ch. 8.6 - Prob. 10ECh. 8.6 - Prob. 11ECh. 8.6 - Prob. 12ECh. 8.6 - Economics Data from the Bureau of Labor Statistics...Ch. 8.6 - Prob. 14ECh. 8.6 - Prob. 15ECh. 8.6 - Prob. 16ECh. 8.6 - Prob. 17ECh. 8.6 - Prob. 18ECh. 8.6 - Prob. 19ECh. 8.6 - Prob. 20ECh. 8.6 - Prob. 21ECh. 8.6 - Prob. 22ECh. 8.6 - Prob. 23ECh. 8.6 - Prob. 24ECh. 8.6 - Business At the close of the markets on May 19,...Ch. 8.6 - Prob. 26ECh. 8.6 - Prob. 27ECh. 8.6 - Prob. 28ECh. 8.6 - Prob. 29ECh. 8.6 - Prob. 30ECh. 8.6 - Prob. 31ECh. 8.6 - Prob. 32ECh. 8.6 - Prob. 33ECh. 8.6 - Prob. 34ECh. 8.6 - Prob. 35ECh. 8.6 - Prob. 36ECh. 8 - Prob. 1RECh. 8 - Write true or false for each of the given...Ch. 8 - Write true or false for each of the given...Ch. 8 - Write true or false for each of the given...Ch. 8 - Write true or false for each of the given...Ch. 8 - Write true or false for each of the given...Ch. 8 - Write true or false for each of the given...Ch. 8 - Write true or false for each of the given...Ch. 8 - Prob. 9RECh. 8 - Prob. 10RECh. 8 - Prob. 11RECh. 8 - List the elements in the given sets. { xx is a...Ch. 8 - Prob. 13RECh. 8 - Prob. 14RECh. 8 - Prob. 15RECh. 8 - Prob. 16RECh. 8 - Prob. 17RECh. 8 - Prob. 18RECh. 8 - Prob. 19RECh. 8 - Prob. 20RECh. 8 - Prob. 21RECh. 8 - Prob. 22RECh. 8 - Prob. 23RECh. 8 - Draw a Venn diagram and shade the given set in...Ch. 8 - Prob. 25RECh. 8 - Prob. 26RECh. 8 - Prob. 27RECh. 8 - Prob. 28RECh. 8 - Prob. 29RECh. 8 - Prob. 30RECh. 8 - Prob. 31RECh. 8 - Prob. 32RECh. 8 - Prob. 33RECh. 8 - Prob. 34RECh. 8 - Prob. 35RECh. 8 - Prob. 36RECh. 8 - Prob. 37RECh. 8 - Prob. 38RECh. 8 - Prob. 39RECh. 8 - Prob. 40RECh. 8 - Prob. 41RECh. 8 - Prob. 42RECh. 8 - Prob. 43RECh. 8 - Prob. 44RECh. 8 - Prob. 45RECh. 8 - Prob. 46RECh. 8 - Prob. 47RECh. 8 - Prob. 48RECh. 8 - Prob. 49RECh. 8 - Prob. 50RECh. 8 - Prob. 51RECh. 8 - Prob. 52RECh. 8 - Confidence in Major Corporations The following...Ch. 8 - Prob. 54RECh. 8 - Confidence in Major Corporations The following...Ch. 8 - Prob. 56RECh. 8 - Prob. 57RECh. 8 - Prob. 58RECh. 8 - Prob. 59RECh. 8 - Prob. 60RECh. 8 - Prob. 61RECh. 8 - Prob. 62RECh. 8 - Prob. 63RECh. 8 - Prob. 64RECh. 8 - Prob. 65RECh. 8 - Prob. 66RECh. 8 - Prob. 67RECh. 8 - Prob. 68RECh. 8 - Prob. 69RECh. 8 - Prob. 70RECh. 8 - Prob. 71RECh. 8 - Prob. 72RECh. 8 - Prob. 73RECh. 8 - Prob. 74RECh. 8 - Prob. 75RECh. 8 - Prob. 76RECh. 8 - Prob. 77RECh. 8 - Prob. 78RECh. 8 - Give examples. Stock Market Performance On May 12,...Ch. 8 - Prob. 80RECh. 8 - Prob. 81RECh. 8 - Give examples. Stock Market Performance On May 18,...Ch. 8 - Prob. 83RECh. 8 - Prob. 84RECh. 8 - Prob. 85RECh. 8 - Prob. 86RECh. 8 - Prob. 87RECh. 8 - Prob. 88RECh. 8 - Prob. 89RECh. 8 - Prob. 90RECh. 8 - Prob. 91RECh. 8 - Prob. 92RECh. 8 - Social Science The following tables list the...Ch. 8 - Prob. 94RECh. 8 - 91. Are the events “third-class survival” and...Ch. 8 - 92. Are the events “first-class survival” and...Ch. 8 - Prob. 1CECh. 8 - 2. If the sensitivity of a test for a disease is...Ch. 8 - Prob. 3CECh. 8 - Prob. EP
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- 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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