Calculus for Business Economics Life Sciences and Social Sciences Plus NEW
13th Edition
ISBN: 9780321925138
Author: Raymond Barnett
Publisher: PEARSON
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Chapter B.2, Problem 48E
Economy stimulation. Due to reduced taxes, a person has an extra $1,200 in spendable income. If we assume that the person spends 65% of this on consumer goods, and the producers of these goods in turn spend 65% on consumer goods, and that this process continues indefinitely, what is the total amount spent (to the nearest dollar) on consumer goods?
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Chapter B.2 Solutions
Calculus for Business Economics Life Sciences and Social Sciences Plus NEW
Ch. B.2 - Which of the following can be the first four terms...Ch. B.2 - (A)If the 1st and 15th terms of an arithmetic...Ch. B.2 - Prob. 3MPCh. B.2 - MATCHED PROBLEM 4 Find the sum of all the odd...Ch. B.2 - Find the sum of the first eight terms of the...Ch. B.2 - Repeat Example 6 with a loan of 6,000 over 5...Ch. B.2 - Repeat Example 7 with a tax rebate of 2,000....Ch. B.2 - In Problems 1 and 2, determine whether the...Ch. B.2 - In Problems 1 and 2, determine whether the...Ch. B.2 - In Problems 38, determine whether the finite...
Ch. B.2 - In Problems 38, determine whether the finite...Ch. B.2 - Prob. 5ECh. B.2 - In Problems 38, determine whether the finite...Ch. B.2 - In Problems 38, determine whether the finite...Ch. B.2 - In Problems 38, determine whether the finite...Ch. B.2 - Let a1, a2, a3, , an, be an arithmetic sequence....Ch. B.2 - Let a1, a2, a3, , an, be an arithmetic sequence....Ch. B.2 - Prob. 11ECh. B.2 - Let a1, a2, a3, , an, be an arithmetic sequence....Ch. B.2 - Let a1, a2, a3, , an, be an arithmetic sequence....Ch. B.2 - Prob. 14ECh. B.2 - Prob. 15ECh. B.2 - Let a1, a2, a3, , an, be a geometric sequence. In...Ch. B.2 - Prob. 17ECh. B.2 - Let a1, a2, a3, , an, be a geometric sequence. In...Ch. B.2 - Prob. 19ECh. B.2 - Let a1, a2, a3, , an, be a geometric sequence. In...Ch. B.2 - Let a1, a2, a3, , an, be a geometric sequence. In...Ch. B.2 - Let a1, a2, a3, , an, be a geometric sequence. In...Ch. B.2 - Prob. 23ECh. B.2 - Let a1, a2, a3, , an, be a geometric sequence. In...Ch. B.2 - S41=k=141(3k+3)=?Ch. B.2 - Prob. 26ECh. B.2 - S8=k=18(2)k1=?Ch. B.2 - S8=k=182k=?Ch. B.2 - Find the sum of all the odd integers between 12...Ch. B.2 - Find the sum of all the even integers between 23...Ch. B.2 - Find the sum of each infinite geometric sequence...Ch. B.2 - Repeat Problem 31 for: (A)16, 4, 1, (B)1, 3, 9, ...Ch. B.2 - Find f(1)+f(2)+f(3)++f(50) if f(x) = 2x 3.Ch. B.2 - Find g(1)+g(2)+g(3)++g(100) if g(t) = 18 3t.Ch. B.2 - Find f(1)+f(2)++f(10) if f(x)=(12)x.Ch. B.2 - Find g(1)+g(2)++g(10) if g(x) = 2x.Ch. B.2 - Prob. 37ECh. B.2 - Show that the sum of the first n even positive...Ch. B.2 - If r = 1, neither the first form nor the second...Ch. B.2 - Prob. 40ECh. B.2 - Does there exist a finite arithmetic series with...Ch. B.2 - Does there exist a finite arithmetic series with...Ch. B.2 - Does there exist a infinite geometric series with...Ch. B.2 - Does there exist an infinite geometric series with...Ch. B.2 - Loan repayment. If you borrow 4,800 and repay the...Ch. B.2 - Loan repayment. If you borrow 5,400 and repay the...Ch. B.2 - Economy stimulation. The government, through a...Ch. B.2 - Economy stimulation. Due to reduced taxes, a...Ch. B.2 - Compound interest. If 1,000 is invested at 5%...Ch. B.2 - Compound interest. If P is invested at 100r%...
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- 5. Let X be a positive random variable with finite variance, and let A = (0, 1). Prove that P(X AEX) 2 (1-A)² (EX)² EX2arrow_forward6. Let, for p = (0, 1), and xe R. X be a random variable defined as follows: P(X=-x) = P(X = x)=p. P(X=0)= 1-2p. Show that there is equality in Chebyshev's inequality for X. This means that Chebyshev's inequality, in spite of being rather crude, cannot be improved without additional assumptions.arrow_forward4. Prove that, for any random variable X, the minimum of EIX-al is attained for a = med (X).arrow_forward
- 8. Recall, from Sect. 2.16.4, the likelihood ratio statistic, Ln, which was defined as a product of independent, identically distributed random variables with mean 1 (under the so-called null hypothesis), and the, sometimes more convenient, log-likelihood, log L, which was a sum of independent, identically distributed random variables, which, however, do not have mean log 1 = 0. (a) Verify that the last claim is correct, by proving the more general statement, namely that, if Y is a non-negative random variable with finite mean, then E(log Y) log(EY). (b) Prove that, in fact, there is strict inequality: E(log Y) < log(EY), unless Y is degenerate. (c) Review the proof of Jensen's inequality, Theorem 5.1. Generalize with a glimpse on (b).arrow_forward2. Derive the component transformation equations for tensors shown be- low where [C] = [BA] is the direction cosine matrix from frame A to B. B[T] = [C]^[T][C]T 3. The transport theorem for vectors shows that the time derivative can be constructed from two parts: the first is an explicit frame-dependent change of the vector whereas the second is an active rotational change of the vector. The same holds true for tensors. Starting from the previous result, derive a version of transport theorem for tensors. [C] (^[T])[C] = dt d B dt B [T] + [WB/A]B[T] – TWB/A] (10 pt) (7pt)arrow_forwardUse the graph of the function y = f (x) to find the value, if possible. f(x) 8 7 6 Q5 y 3 2 1 x -8 -7 -6 -5 -4 -3 -2 -1 1 2 3 4 5 6 7 8 -1 -2 -3 -4 -5 -6 -7 -8+ Olim f(z) x-1+ O Limit does not exist.arrow_forward
- 3. Prove that, for any random variable X, the minimum of E(X - a)² is attained for a = EX. Provedarrow_forwardShade the areas givenarrow_forward7. Cantelli's inequality. Let X be a random variable with finite variance, o². (a) Prove that, for x ≥ 0, P(X EX2x)≤ 02 x² +0² 202 P(|X - EX2x)<≤ (b) Find X assuming two values where there is equality. (c) When is Cantelli's inequality better than Chebyshev's inequality? (d) Use Cantelli's inequality to show that med (X) - EX ≤ o√√3; recall, from Proposition 6.1, that an application of Chebyshev's inequality yields the bound o√√2. (e) Generalize Cantelli's inequality to moments of order r 1.arrow_forward
- The college hiking club is having a fundraiser to buy new equipment for fall and winter outings. The club is selling Chinese fortune cookies at a price of $2 per cookie. Each cookie contains a piece of paper with a different number written on it. A random drawing will determine which number is the winner of a dinner for two at a local Chinese restaurant. The dinner is valued at $32. Since fortune cookies are donated to the club, we can ignore the cost of the cookies. The club sold 718 cookies before the drawing. Lisa bought 13 cookies. Lisa's expected earnings can be found by multiplying the value of the dinner by the probability that she will win. What are Lisa's expected earnings? Round your answer to the nearest cent.arrow_forwardThe Honolulu Advertiser stated that in Honolulu there was an average of 659 burglaries per 400,000 households in a given year. In the Kohola Drive neighborhood there are 321 homes. Let r be the number of homes that will be burglarized in a year. Use the formula for Poisson distribution. What is the value of p, the probability of success, to four decimal places?arrow_forwardThe college hiking club is having a fundraiser to buy new equipment for fall and winter outings. The club is selling Chinese fortune cookies at a price of $2 per cookie. Each cookie contains a piece of paper with a different number written on it. A random drawing will determine which number is the winner of a dinner for two at a local Chinese restaurant. The dinner is valued at $32. Since fortune cookies are donated to the club, we can ignore the cost of the cookies. The club sold 718 cookies before the drawing. Lisa bought 13 cookies. Lisa's expected earnings can be found by multiplying the value of the dinner by the probability that she will win. What are Lisa's expected earnings? Round your answer to the nearest cent.arrow_forward
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