USING AND UNDERSTANDING MATHEMATICS W/
7th Edition
ISBN: 9780135239919
Author: BENNETT AND BR
Publisher: PEARSON
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Chapter 9.B, Problem 47E
To determine
The graph of the function and use the graph to identify the independent and dependent variables, justify whether a linear model is reasonable for the situation described.
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In 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.)
3. Consider the polynomial equation 6-iz+7z² - iz³ +z = 0 for which the roots are 3i, -2i, -i,
and i.
(a) Verify the relations between this roots and the coefficients of the polynomial.
(b) Find the annulus region in which the roots lie.
The managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c.
Question content area bottom
Part 1
a. Develop a simple linear regression model between billable hours and overhead costs.
Overhead
Costsequals=212495.2212495.2plus+left parenthesis 42.4857 right parenthesis42.485742.4857times×Billable
Hours
(Round the constant to one decimal place as needed. Round the coefficient to four decimal places as needed. Do not include the $ symbol in your answers.)
Part 2
b. Interpret the coefficients of your regression model. Specifically, what does the fixed component of the model mean to the consulting firm?
Interpret the fixed term,
b 0b0,
if appropriate. Choose the correct answer below.
A.
The value of
b 0b0
is the predicted billable hours for an overhead cost of 0 dollars.
B.
It is not appropriate to interpret
b 0b0,
because its value…
Chapter 9 Solutions
USING AND UNDERSTANDING MATHEMATICS W/
Ch. 9.A - Prob. 1QQCh. 9.A - Prob. 2QQCh. 9.A - Prob. 3QQCh. 9.A - Prob. 4QQCh. 9.A - 5. When you nuke a graph of the function \[z =...Ch. 9.A - 6. The values taken on by the dependent variable...Ch. 9.A - 7. Consider a function that describes how a...Ch. 9.A - Prob. 8QQCh. 9.A - Prob. 9QQCh. 9.A - 10. Suppose that two groups of scientists have...
Ch. 9.A - Prob. 1ECh. 9.A - Prob. 2ECh. 9.A - Prob. 3ECh. 9.A - Prob. 4ECh. 9.A - Prob. 5ECh. 9.A - Prob. 6ECh. 9.A - Prob. 7ECh. 9.A - 8. My mathematical model fits the data perfectly,...Ch. 9.A - Coordinate Plane Review. Use the skills covered in...Ch. 9.A - 9-10: Coordinate Plane Review. Use the skills...Ch. 9.A - Identifying Functions. In each of the following...Ch. 9.A - Prob. 12ECh. 9.A - Prob. 13ECh. 9.A - Identifying Functions. In each of the following...Ch. 9.A - Prob. 15ECh. 9.A - Prob. 16ECh. 9.A - Related Quantities. Write a short statement that...Ch. 9.A - Prob. 18ECh. 9.A - Prob. 19ECh. 9.A - Related Quantities. Write a short statement that...Ch. 9.A - Related Quantities. Write a short statement that...Ch. 9.A - 15-22: Related Quantities. Write a short statement...Ch. 9.A - 23. Pressure Function. Study Figure 9.6.
Use the...Ch. 9.A - Prob. 24ECh. 9.A - Prob. 25ECh. 9.A - Prob. 26ECh. 9.A - 25-26: Functions from Graphs. Consider the graphs...Ch. 9.A - Prob. 28ECh. 9.A - 27-30: Functions from Data Tables. Each of the...Ch. 9.A - Prob. 30ECh. 9.A - Prob. 31ECh. 9.A - Prob. 32ECh. 9.A - Rough Sketches of Functions. For each function,...Ch. 9.A - 31-42: Rough Sketches of Functions. For each...Ch. 9.A - Rough Sketches of Functions. For each function,...Ch. 9.A - Rough Sketches of Functions. For each function,...Ch. 9.A - Rough Sketches of Functions. For each function,...Ch. 9.A - Rough Sketches of Functions. For each function,...Ch. 9.A - Prob. 39ECh. 9.A - Prob. 40ECh. 9.A - Rough Sketches of Functions. For each function,...Ch. 9.A - Prob. 42ECh. 9.A - Everyday Models. Describe three different models...Ch. 9.A - 44. Functions and Variables in the News. Identity...Ch. 9.A - Prob. 45ECh. 9.A - 46. Variable Tables. Find data on the Web (or two...Ch. 9.B - A linear function is characterized by an...Ch. 9.B - You have a graph of a linear function. To...Ch. 9.B - The graph of a linear function is sloping downward...Ch. 9.B - Suppose that Figure 9. 11 is an accurate...Ch. 9.B - Which town would have the steepest slope on a...Ch. 9.B - Consider the function price = $100 - ( $3/yr) ×...Ch. 9.B - Consider the demand function given in Example 6,...Ch. 9.B - A line intersects the y-axis at a value of y = 7...Ch. 9.B - Consider a line with equation \[y = 12x - 3\]....Ch. 9.B - Charlie picks apples in the orchard at a constant...Ch. 9.B - What does it mean to say that a function is...Ch. 9.B - Prob. 2ECh. 9.B - How is the rate of change of a linear function...Ch. 9.B - 4. How do you find the change in the dependent...Ch. 9.B - 3. Describe the general equation for a linear...Ch. 9.B - Prob. 6ECh. 9.B - When I graphed the linear function, it turned out...Ch. 9.B - I graphed two linear functions, and the one with...Ch. 9.B - My freeway speed is the rate of change in my...Ch. 9.B - It's possible to make a linear model from any two...Ch. 9.B - Linear Functions. Consider the following graphs....Ch. 9.B - 11-16: Linear Functions. Consider the following...Ch. 9.B - 11-16: Linear Functions. Consider the following...Ch. 9.B - Linear Functions. Consider the following graphs a....Ch. 9.B - 11-16: Linear Functions. Consider the following...Ch. 9.B - 11-16: Linear Functions. Consider the following...Ch. 9.B - 17-22: Rate of Change Rule. The following...Ch. 9.B - 17-22: Rate of Change Rule. The following...Ch. 9.B - 17-22: Rate of Change Rule. The following...Ch. 9.B - Prob. 20ECh. 9.B - Prob. 21ECh. 9.B - Prob. 22ECh. 9.B - 23-20: Linear Equations. The following situations...Ch. 9.B - Prob. 24ECh. 9.B - 23-20: Linear Equations. The following situations...Ch. 9.B - Prob. 26ECh. 9.B - 23-28: Linear Equations. The following situations...Ch. 9.B - 23-28: linear Equations. The following situations...Ch. 9.B - 29-34: Equations from Two Data Points. Create the...Ch. 9.B - 29-34: Equations from Two Data Points. Create the...Ch. 9.B - 29-34: Equations from Two Data Points. Create the...Ch. 9.B - Equations from Two Data Points. Create the...Ch. 9.B - 29-34: Equations from Two Data Points. Create the...Ch. 9.B - Prob. 34ECh. 9.B - Prob. 35ECh. 9.B - Prob. 36ECh. 9.B - Prob. 37ECh. 9.B - Prob. 38ECh. 9.B - Prob. 39ECh. 9.B - 35-42: Algebraic Linear Equations. For the...Ch. 9.B - 35-42: Algebraic Linear Equations. For the...Ch. 9.B - Algebraic Linear Equations. For the following...Ch. 9.B - Linear Graphs. The following situations can be...Ch. 9.B - Prob. 44ECh. 9.B - Linear Graphs. The following situations can be...Ch. 9.B - Prob. 46ECh. 9.B - Prob. 47ECh. 9.B - Prob. 48ECh. 9.B - Wildlife Management. A common technique for...Ch. 9.B - Linear Models. Describe at least two situations...Ch. 9.B - 51. Nonlinear Models. Describe at least one...Ch. 9.B - Alcohol Metabolism. Most drugs are eliminated from...Ch. 9.B - Properly Depreciation. Go to the IRS website, and...Ch. 9.C - Which statement is true about exponential growth?...Ch. 9.C - A city's population starts at 100,000 people and...Ch. 9.C - A city’s population suns at 100,000 people and...Ch. 9.C - India’s 2017 population was estimated to be 1.34...Ch. 9.C - Suppose that inflation causes the value of a...Ch. 9.C - Figure 9.18(b) shows the graph of an exponentially...Ch. 9.C - Polly received a large dose of an antibiotic and...Ch. 9.C - The half-life of carbon-14 is 5700 years, and...Ch. 9.C - Radioactive uranium-235 has a half-life of about...Ch. 9.C - Compare the list two forms of the exponential...Ch. 9.C - Prob. 1ECh. 9.C - Prob. 2ECh. 9.C - 3. Describe how you tan graph an exponential...Ch. 9.C - 4. Describe the meaning of each of the three forms...Ch. 9.C - Prob. 5ECh. 9.C - Prob. 6ECh. 9.C - After 100 years, a population growing at a rate of...Ch. 9.C - When 1 used the exponential function in model the...Ch. 9.C - We can use the hurt that radioactive materials...Ch. 9.C - I used the exponential function to figure how much...Ch. 9.C - Review of logarithms. Use the skills coveted in...Ch. 9.C - Prob. 12ECh. 9.C - Prob. 13ECh. 9.C - Prob. 14ECh. 9.C - Review of logarithms. Use the skills coveted in...Ch. 9.C - 11-26: Review of logarithms. Use the skills...Ch. 9.C - 11-26: Review of logarithms. Use the skills...Ch. 9.C - 11-26: Review of logarithms. Use the skills...Ch. 9.C - Review of logarithms. Use the skills coveted in...Ch. 9.C - Prob. 20ECh. 9.C - Prob. 21ECh. 9.C - Prob. 22ECh. 9.C - Prob. 23ECh. 9.C - Prob. 24ECh. 9.C - Prob. 25ECh. 9.C - Prob. 26ECh. 9.C - 27-34. Exponential growth and decay laws. Consider...Ch. 9.C - 27-34: Exponential growth and decay laws. Consider...Ch. 9.C - . Exponential growth and decay laws. Consider the...Ch. 9.C - . Exponential growth and decay laws. Consider the...Ch. 9.C - . Exponential growth and decay laws. Consider the...Ch. 9.C - Prob. 32ECh. 9.C - Prob. 33ECh. 9.C - . Exponential growth and decay laws. Consider the...Ch. 9.C - Annual vs. Monthly Inflation. Answer the following...Ch. 9.C - Annual vs. Monthly Inflation. Answer the following...Ch. 9.C - Hyperinflation in Germany. In 1923, Germany...Ch. 9.C - Prob. 38ECh. 9.C - 39. Extinction by Poaching. Suppose that poaching...Ch. 9.C - World Oil Production. Annual world oil production...Ch. 9.C - Prob. 41ECh. 9.C - Aspirin Metabolism. Assume that for the average...Ch. 9.C - Prob. 43ECh. 9.C - Prob. 44ECh. 9.C - Prob. 45ECh. 9.C - Metropolitan Population Growth. A small city had a...Ch. 9.C - Rising Home Prices. In 2000, the median home price...Ch. 9.C - Periodic Drug Doses. It is common to take a drug...Ch. 9.C - 49. Increasing Atmospheric Carbon Dioxide. Direct...Ch. 9.C - Prob. 50ECh. 9.C - Inflation Rate in the News. Find a news report...Ch. 9.C - Prob. 52ECh. 9.C - Radiometric Dating in the News. Find a news report...Ch. 9.C - Prob. 54ECh. 9.C - Prob. 55E
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