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Robert Newbold

Robert N.

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Viewed Questions

A Mexican travels to Brazil to buy a gemstone which costs 3,000 Real (Brazilian currency). The Brazilian company that sells the gemstone then deposits the 3000 Real in its account in a Panama bank. How would these transactions show up in the balance of payments accounts of Mexico and Brazil? What if the Mexican pays cash for the gemstone?

A Mexican travels to Brazil to buy a gemstone which costs 3,000 Real (Brazilian currency). The Brazilian company that sells the gemstone then deposits the 3000 Real in its account in a Panama bank. How would these transactions show up in the balance of payments accounts of Mexico and Brazil? What if the Mexican pays cash for the gemstone?

International Economics: Theory and Policy

Consider the linear programming problems whose right-hand sides are identically zero: $$ \begin{array}{rlr} \text { maximize } & \sum_{j=1}^{n} c_{j} x_{j} & \\ \text { subject to } & \sum_{j=1}^{n} a_{i j} x_{j} \leq 0 & i=1,2, \ldots, m \\ & x_{j} \geq 0 & j=1,2, \ldots, n . \end{array} $$

Linear Programming: Foundations and Extensions

Suppose that $Y$ is a random variable taking on one of $n$ known values: $$ a_{1}, a_{2}, \ldots, a_{n} . $$ Suppose we know that $Y$ either has distribution $p$ given by $$ \mathbb{P}\left(Y=a_{j}\right)=p_{j} $$ or it has distribution $q$ given by $$ \mathbb{P}\left(Y=a_{j}\right)=q_{j} . $$ Of course, the numbers $p_{j}, j=1,2, \ldots, n$ are nonnegative and sum to one. The same is true for the $q_{j}$ 's. Based on a single observation of $Y$, we wish to guess whether it has distribution $p$ or distribution $q$. That is, for each possible outcome $a_{j}$, we will assert with probability $x_{j}$ that the distribution is $p$ and with probability $1-x_{j}$ that the distribution is $q$. We wish to determine the probabilities $x_{j}, j=1,2, \ldots, n$, such that the probability of saying the distribution is $p$ when in fact it is $q$ has probability no larger than $\beta$, where $\beta$ is some small positive value (such as $0.05$ ). Furthermore, given this constraint, we wish to maximize the probability that we say the distribution is $p$ when in fact it is $p$. Formulate this maximization problem as a linear programming problem.

Linear Programming: Foundations and Extensions

A steel company must decide how to allocate next week's time on a rolling mill, which is a machine that takes unfinished slabs of steel as input and can produce either of two semi-finished products: bands and coils. The mill's two products come off the rolling line at different rates: $\begin{array}{ll}\text { Bands } & 200 \text { tons } / \mathrm{h} \\ \text { Coils } & 140 \text { tons } / \mathrm{h} .\end{array}$ They also produce different profits: $\begin{array}{ll}\text { Bands } & \$ 25 / \text { ton } \\ \text { Coils } & \$ 30 / \text { ton. }\end{array}$ Based on currently booked orders, the following upper bounds are placed on the amount of each product to produce: $\begin{array}{ll}\text { Bands } & 6,000 \text { tons } \\ \text { Coils } & 4,000 \text { tons. }\end{array}$

Linear Programming: Foundations and Extensions

Questions asked

INSTANT ANSWER

Suppose Algorithm 33.1 is executed for a particular A and b and runs to completion (n=m), with no breakdown of the kind described in the last exercise. Show that this implies that the minimal polynomial of A is of degree m.

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INSTANT ANSWER

The absorbance of a metal complex (M) solution containing 0.00500 mg/mL was reported as 0.4900 at 540 nm. a) Calculate the specific absorptivity, including units, of the metal complex on the assumption that a 1.00 cm cuvette was used. b) Predict the absorbance when i. the solution is diluted to twice its original volume. ii. the solution is placed in a 5.00 cm cuvette.

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INSTANT ANSWER

Bond \( \mathrm{A} \) is a \( \$ 1,000,6 \% \) quarterly coupon bond with 5 years to maturity. (a) If you bought Bond A today at a yield of \( 8 \% \) compounded quarterly, what is your purchase price? Is this a premium bond? (4 marks) (b) One year later, Bond A's YTM has gone down to \( 6 \% \) compounded quarterly and you sell it immediately after receiving the coupon. i) What is the current yield? (2 marks) ii) What is the capital gains yield? (4 marks) iii) In computing the 1-year holding period yield (HPY) for this bond investment, you figured that the correct answer could not be found by simply adding up the current yield and the 1-year capital gains yield because the current yield, by definition, would fail to consider the reinvestment of the quarterly coupons received during the year (4 quarters in total). (1) If the interest rate remains unchanged at \( 8 \% \) compounded quarterly during the 1 year period, calculate the total amount of coupon income (coupon payments and reinvestment of coupon payments) at the end of the 1-year holding period,. [Hint: Use the FVA formula.] (2 marks) (2) Based on the results from part (biii (1)) and part (bii), calculate the 1-year holding period yield (HPY \( \mathrm{H}_{1 \text {-year }} \) ). (2 marks)

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ANSWERED

Katlin Koehn verified

Numerade educator

Tay-Sachs disease is caused by loss of function mutation in a gene on chromosome 15 that codes for an enzyme. The disease is an inherited autosomal recessive condition which is found amongst Ashkenazi Jews of Central European origin. In this population, 2 in 4,900 children are born with the disease. What proportion of the population in the next generation would be carriers (heterozygotes) for this disease?

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INSTANT ANSWER

Below, \( B_{t} \) is always the standard Brownian process. \( X_{t} \) and \( Y_{t} \) are Ito diffusions with the notation and equivalent Ito integral equations: \[ \begin{aligned} d X_{t} & =\mu\left(t, X_{t}\right) d t+\sigma\left(t, X_{t}\right) d B_{t} \\ d Y_{t} & =\mu\left(t, Y_{t}\right) d t+\sigma\left(t, Y_{t}\right) d B_{t} \\ X_{t}-X_{0} & =\int_{0}^{t} \mu\left(s, X_{s}\right) d s+\int_{0}^{t} \sigma\left(s, X_{s}\right) d B_{s} \\ Y_{t}-Y_{0} & =\int_{0}^{t} \mu\left(s, Y_{s}\right) d s+\int_{0}^{t} \sigma\left(s, Y_{s}\right) d B_{s} . \end{aligned} \] 1. Evaluate the mean and variance of the integral process \[ \int_{0}^{t} B_{s} d s . \] Note that this is not a stochastic integral. Compare these to the mean and variance of the stochastic integral: \[ \int_{0}^{t} B_{s} d B_{s}=\frac{1}{2}\left(B_{t}^{2}-t\right) \] 2. Derive expressions for the following: \( \mathbb{E}\left[\left|X_{t}\right|^{2}\right], K_{X X}\left(t_{1}, t_{2}\right), \mathbb{E}\left[X_{t}, Y_{t}\right], K_{X Y}\left(t_{1}, t_{2}\right) \). 3. Use Ito's Formula to derive the SDEs for the following processes \[ \begin{array}{l} X_{t}=\sin B_{t} \\ X_{t}=\frac{B_{t}}{1+t} \end{array} \] 4. Given an iid sequence \( \left\{Y_{i}\right\}_{i} \) with common pdf \( f_{Y}(y) \), the Likelihood-Ratio statistic relative to another test pdf \( \tilde{f}(y) \) is defined as: \[ r(y)=\frac{\tilde{f}(y)}{f_{Y}(y)} . \] Show that \( X_{n}=\prod_{i=1}^{n} r\left(Y_{i}\right) \) is a martingale.

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INSTANT ANSWER

Below, \( B_{t} \) is always the standard Brownian process. \( X_{t} \) and \( Y_{t} \) are Ito diffusions with the notation and equivalent Ito integral equations: \[ \begin{aligned} d X_{t} & =\mu\left(t, X_{t}\right) d t+\sigma\left(t, X_{t}\right) d B_{t} \\ d Y_{t} & =\mu\left(t, Y_{t}\right) d t+\sigma\left(t, Y_{t}\right) d B_{t} \\ X_{t}-X_{0} & =\int_{0}^{t} \mu\left(s, X_{s}\right) d s+\int_{0}^{t} \sigma\left(s, X_{s}\right) d B_{s} \\ Y_{t}-Y_{0} & =\int_{0}^{t} \mu\left(s, Y_{s}\right) d s+\int_{0}^{t} \sigma\left(s, Y_{s}\right) d B_{s} . \end{aligned} \] 1. Evaluate the mean and variance of the integral process \[ \int_{0}^{t} B_{s} d s . \] Note that this is not a stochastic integral. Compare these to the mean and variance of the stochastic integral: \[ \int_{0}^{t} B_{s} d B_{s}=\frac{1}{2}\left(B_{t}^{2}-t\right) \] 2. Derive expressions for the following: \( \mathbb{E}\left[\left|X_{t}\right|^{2}\right], K_{X X}\left(t_{1}, t_{2}\right), \mathbb{E}\left[X_{t}, Y_{t}\right], K_{X Y}\left(t_{1}, t_{2}\right) \). 3. Use Ito's Formula to derive the SDEs for the following processes \[ \begin{array}{l} X_{t}=\sin B_{t} \\ X_{t}=\frac{B_{t}}{1+t} \end{array} \] 4. Given an iid sequence \( \left\{Y_{i}\right\}_{i} \) with common pdf \( f_{Y}(y) \), the Likelihood-Ratio statistic relative to another test pdf \( \tilde{f}(y) \) is defined as: \[ r(y)=\frac{\tilde{f}(y)}{f_{Y}(y)} . \] Show that \( X_{n}=\prod_{i=1}^{n} r\left(Y_{i}\right) \) is a martingale.

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INSTANT ANSWER

Maximize x + y + z2 subject to x2 + y2 + z2 = 1 and y = 0. Using Bordered Hessian, check if your solution is indeed the max

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INSTANT ANSWER

Frances retires from work with $700,000 in her superannuation account. She invests this money in a fund which earns interest paid monthly at a rate of j12= 4.68% p.a. Frances plans to withdraw $4000 each month, starting in a month’s time to cover her living expenses. a) Determine how long Frances can afford to live before she runs out of money. b) After 5 years (60 payments) Frances has to have an emergency hip replacement procedure. This costs $110,000, and she pays for it withdrawing the money from her investment fund. Illustrate all of Frances’ cashflow as a fully labelled time line diagram. c) Determine how much this reduces how long she can now afford to live before she runs out of money.

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ANSWERED

Rahul Kumar verified

Numerade educator

a)Determine the velocity and acceleration of an object that moves along a straight line in such a way that its position is s(t)= t^2 -(t − 5)^1/2 . b) when is the object at rest? c) when is the object going away from the initial position? d) What is the initial position?

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