Homework 9: due Monday, 27 October, 2008

Size: px
Start display at page:

Download "Homework 9: due Monday, 27 October, 2008"

Transcription

1 PROBLEM ONE Homework 9: due Monday, 7 October, 008. (Exercses from the book, 6 th edton, 6.6, -3.) Determne the number of dstnct orderngs of the letters gven: (a) GUIDE (b) SCHOOL (c) SALESPERSONS. (Exercses from the book, 6 th edton, 6.6, 4-5) (a) In how many ways can we order the letters of SALESPERSONS so that all four S characters are adacent? (b) In how many ways can we order the letters of SALESPERSONS so that no two S characters are adacent? PROBLEM TWO (Pascal s Trangle) In class, we showed that for any n and k wth k n, we have ( ) n k Recall that ths notaton means ( ) ( ) n k k k If we plug n for k we get ( ) n ( ) + n k and snce ( ) n n! (n )!! n(n ), we get n(n ). Use k 3 to fnd the sum of ( ). k ( ) k k ( ) ( ) n. k ( ) n (n ). () Can you use both formulas () and () to fnd the sum n? n(n ). ()

2 3. Gve two arguments (one whch uses factorals and one whch s more heurstc, usng n obects etc.) to show that ( ) ( ) n n k n k PROBLEM THREE (Inserton Sort) In ths problem, you wll nvestgate the nserton sort algorthm. Here s the dea. We start wth a lst let us take as an example the lst A 0,, 4, 0,, EOL. We follow these steps (here we assume the lst has at least one number n t): A We start at the left wth an arrow, whch we wll call. B Next we start a new lst, whch we wll call B, whch conssts of only the lst element to whch ponts: B 0, EOL and we place an arrow, whch we wll call, at the begnnng of ths lst. 0 EOL C Move to the rght by one. If s at EOL, then qut. D Insert the element to whch ponts nto the lst B. To do ths, follow these steps: a Move to the rght untl we reach ether (a) the character EOL or (b) an element whch s greater than that to whch ponts (ths s the number n our case). Notce that we do not need to move n our case. b Insert the element drectly before the place ponted to by :

3 0 EOL c Put back at the begnnng of the lst B. 0 EOL E Go to step C. I wll contnue wth the algorthm. When we return to step 3, we move to the rght: and we nsert ths element n the lst B. Snce ponts to and ths s less than or equal to the number to whch ponts (the number 4), we move to the rght. 0 EOL Snce the number to whch ponts s greater than 4, we nsert 4 drectly before t: 4 0 EOL and return to the begnnng: 4 0 EOL We now return to step 3 and move to the rght: 3

4 and nsert ths element nto the lst B: returnng to the begnnng: Move to the rght: and nsert ths number nto B. To do ths, move to the rght untl we encounter a number whch s greater than the one to whch ponts: Place the number EOL and return to the front. 4

5 0 4 0 EOL Lastly, move to the rght: Snce t ponts to EOL, we qut. The lst B s a sorted verson of A. Exercses for problem three:. Trace through ths algorthm, showng lsts wth arrows at each step (as I dd). Use the ntal data, 4,, 0, 0, EOL.. Here s some pseudocode whch should perform the nserton sort. It assumes that the lst A has sze at least. lne code 3 create the lst B wth two characters: A() and EOL 4 whle(a() EOL) { 5 whle(a() B() and B() EOL) { 6 + } 7 place A() drectly before spot n lst B } 0 Return B Trace through ths algorthm (show the status of each of the varables at each change) for the ntal data A, 4,, 0, 0, EOL. Each tme a varable does not change, you may wrte a dash ( ) for that varable n the tracng table. I have started you off (the frst lne s before anythng happens):,4,,0,0,eol?????,eol? 5

6 3. Gve a lst A wth 3 elements whch gves the worst-case number of lnes executed. How many lnes s ths? 4. Gve a lst B wth 3 elements whch gves the best-case number of lnes executed. How many lnes s ths? 5. For a lst of n elements, what s the worst-case number of lnes executed? What s the best-case number of lnes executed? How do these numbers compare to those we found n class for the bubble sort? Are there cases n whch the nserton sort s better? Are there cases n whch t s worse? 6

15-451/651: Design & Analysis of Algorithms January 22, 2019 Lecture #3: Amortized Analysis last changed: January 18, 2019

15-451/651: Design & Analysis of Algorithms January 22, 2019 Lecture #3: Amortized Analysis last changed: January 18, 2019 5-45/65: Desgn & Analyss of Algorthms January, 09 Lecture #3: Amortzed Analyss last changed: January 8, 09 Introducton In ths lecture we dscuss a useful form of analyss, called amortzed analyss, for problems

More information

The Hiring Problem. Informationsteknologi. Institutionen för informationsteknologi

The Hiring Problem. Informationsteknologi. Institutionen för informationsteknologi The Hrng Problem An agency gves you a lst of n persons You ntervew them one-by-one After each ntervew, you must mmedately decde f ths canddate should be hred You can change your mnd f a better one comes

More information

Understanding Annuities. Some Algebraic Terminology.

Understanding Annuities. Some Algebraic Terminology. Understandng Annutes Ma 162 Sprng 2010 Ma 162 Sprng 2010 March 22, 2010 Some Algebrac Termnology We recall some terms and calculatons from elementary algebra A fnte sequence of numbers s a functon of natural

More information

Elton, Gruber, Brown, and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 9

Elton, Gruber, Brown, and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 9 Elton, Gruber, Brown, and Goetzmann Modern Portfolo Theory and Investment Analyss, 7th Edton Solutons to Text Problems: Chapter 9 Chapter 9: Problem In the table below, gven that the rskless rate equals

More information

Finance 402: Problem Set 1 Solutions

Finance 402: Problem Set 1 Solutions Fnance 402: Problem Set 1 Solutons Note: Where approprate, the fnal answer for each problem s gven n bold talcs for those not nterested n the dscusson of the soluton. 1. The annual coupon rate s 6%. A

More information

Survey of Math: Chapter 22: Consumer Finance Borrowing Page 1

Survey of Math: Chapter 22: Consumer Finance Borrowing Page 1 Survey of Math: Chapter 22: Consumer Fnance Borrowng Page 1 APR and EAR Borrowng s savng looked at from a dfferent perspectve. The dea of smple nterest and compound nterest stll apply. A new term s the

More information

Generation of Well-Formed Parenthesis Strings in Constant Worst-Case Time

Generation of Well-Formed Parenthesis Strings in Constant Worst-Case Time Ž. JOURNAL OF ALGORITHMS 29, 165173 1998 ARTICLE NO. AL980960 Generaton of Well-Formed Parenthess Strngs n Constant Worst-Case Tme Tmothy R. Walsh Department of Computer Scence, Unersty of Quebec at Montreal,

More information

332 Mathematical Induction Solutions for Chapter 14. for every positive integer n. Proof. We will prove this with mathematical induction.

332 Mathematical Induction Solutions for Chapter 14. for every positive integer n. Proof. We will prove this with mathematical induction. 33 Mathematcal Inducton. Solutons for Chapter. Prove that 3 n n n for every postve nteger n. Proof. We wll prove ths wth mathematcal nducton. Observe that f n, ths statement s, whch s obvously true. Consder

More information

Parallel Prefix addition

Parallel Prefix addition Marcelo Kryger Sudent ID 015629850 Parallel Prefx addton The parallel prefx adder presented next, performs the addton of two bnary numbers n tme of complexty O(log n) and lnear cost O(n). Lets notce the

More information

Random Variables. 8.1 What is a Random Variable? Announcements: Chapter 8

Random Variables. 8.1 What is a Random Variable? Announcements: Chapter 8 Announcements: Quz starts after class today, ends Monday Last chance to take probablty survey ends Sunday mornng. Next few lectures: Today, Sectons 8.1 to 8. Monday, Secton 7.7 and extra materal Wed, Secton

More information

Financial mathematics

Financial mathematics Fnancal mathematcs Jean-Luc Bouchot jean-luc.bouchot@drexel.edu February 19, 2013 Warnng Ths s a work n progress. I can not ensure t to be mstake free at the moment. It s also lackng some nformaton. But

More information

TCOM501 Networking: Theory & Fundamentals Final Examination Professor Yannis A. Korilis April 26, 2002

TCOM501 Networking: Theory & Fundamentals Final Examination Professor Yannis A. Korilis April 26, 2002 TO5 Networng: Theory & undamentals nal xamnaton Professor Yanns. orls prl, Problem [ ponts]: onsder a rng networ wth nodes,,,. In ths networ, a customer that completes servce at node exts the networ wth

More information

Elton, Gruber, Brown, and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 16

Elton, Gruber, Brown, and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 16 lton, Gruer, rown, and Goetzmann Modern Portfolo Theory and Investment nalyss, 7th dton Solutons to Text Prolems: hapter 6 hapter 6: Prolem From the text we know that three ponts determne a plane. The

More information

Final Examination MATH NOTE TO PRINTER

Final Examination MATH NOTE TO PRINTER Fnal Examnaton MATH 329 2005 01 1 NOTE TO PRINTER (These nstructons are for the prnter. They should not be duplcated.) Ths examnaton should be prnted on 8 1 2 14 paper, and stapled wth 3 sde staples, so

More information

YORK UNIVERSITY Faculty of Science Department of Mathematics and Statistics MATH A Test #2 November 03, 2014

YORK UNIVERSITY Faculty of Science Department of Mathematics and Statistics MATH A Test #2 November 03, 2014 Famly Name prnt): YORK UNIVERSITY Faculty of Scence Department of Mathematcs and Statstcs MATH 2280.00 A Test #2 November 0, 2014 Solutons Gven Name: Student No: Sgnature: INSTRUCTIONS: 1. Please wrte

More information

Finite Math - Fall Section Future Value of an Annuity; Sinking Funds

Finite Math - Fall Section Future Value of an Annuity; Sinking Funds Fnte Math - Fall 2016 Lecture Notes - 9/19/2016 Secton 3.3 - Future Value of an Annuty; Snkng Funds Snkng Funds. We can turn the annutes pcture around and ask how much we would need to depost nto an account

More information

Measures of Spread IQR and Deviation. For exam X, calculate the mean, median and mode. For exam Y, calculate the mean, median and mode.

Measures of Spread IQR and Deviation. For exam X, calculate the mean, median and mode. For exam Y, calculate the mean, median and mode. Part 4 Measures of Spread IQR and Devaton In Part we learned how the three measures of center offer dfferent ways of provdng us wth a sngle representatve value for a data set. However, consder the followng

More information

COS 511: Theoretical Machine Learning. Lecturer: Rob Schapire Lecture #21 Scribe: Lawrence Diao April 23, 2013

COS 511: Theoretical Machine Learning. Lecturer: Rob Schapire Lecture #21 Scribe: Lawrence Diao April 23, 2013 COS 511: Theoretcal Machne Learnng Lecturer: Rob Schapre Lecture #21 Scrbe: Lawrence Dao Aprl 23, 2013 1 On-Lne Log Loss To recap the end of the last lecture, we have the followng on-lne problem wth N

More information

Elton, Gruber, Brown and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 4

Elton, Gruber, Brown and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 4 Elton, Gruber, Brown and Goetzmann Modern ortfolo Theory and Investment Analyss, 7th Edton Solutons to Text roblems: Chapter 4 Chapter 4: roblem 1 A. Expected return s the sum of each outcome tmes ts assocated

More information

Linear Combinations of Random Variables and Sampling (100 points)

Linear Combinations of Random Variables and Sampling (100 points) Economcs 30330: Statstcs for Economcs Problem Set 6 Unversty of Notre Dame Instructor: Julo Garín Sprng 2012 Lnear Combnatons of Random Varables and Samplng 100 ponts 1. Four-part problem. Go get some

More information

Hewlett Packard 10BII Calculator

Hewlett Packard 10BII Calculator Hewlett Packard 0BII Calculator Keystrokes for the HP 0BII are shown n the tet. However, takng a mnute to revew the Quk Start secton, below, wll be very helpful n gettng started wth your calculator. Note:

More information

Problem Set 6 Finance 1,

Problem Set 6 Finance 1, Carnege Mellon Unversty Graduate School of Industral Admnstraton Chrs Telmer Wnter 2006 Problem Set 6 Fnance, 47-720. (representatve agent constructon) Consder the followng two-perod, two-agent economy.

More information

Solutions to Odd-Numbered End-of-Chapter Exercises: Chapter 12

Solutions to Odd-Numbered End-of-Chapter Exercises: Chapter 12 Introducton to Econometrcs (3 rd Updated Edton) by James H. Stock and Mark W. Watson Solutons to Odd-Numbered End-of-Chapter Exercses: Chapter 1 (Ths verson July 0, 014) Stock/Watson - Introducton to Econometrcs

More information

Notes on experimental uncertainties and their propagation

Notes on experimental uncertainties and their propagation Ed Eyler 003 otes on epermental uncertantes and ther propagaton These notes are not ntended as a complete set of lecture notes, but nstead as an enumeraton of some of the key statstcal deas needed to obtan

More information

FORD MOTOR CREDIT COMPANY SUGGESTED ANSWERS. Richard M. Levich. New York University Stern School of Business. Revised, February 1999

FORD MOTOR CREDIT COMPANY SUGGESTED ANSWERS. Richard M. Levich. New York University Stern School of Business. Revised, February 1999 FORD MOTOR CREDIT COMPANY SUGGESTED ANSWERS by Rchard M. Levch New York Unversty Stern School of Busness Revsed, February 1999 1 SETTING UP THE PROBLEM The bond s beng sold to Swss nvestors for a prce

More information

Mathematical Thinking Exam 1 09 October 2017

Mathematical Thinking Exam 1 09 October 2017 Mathematcal Thnkng Exam 1 09 October 2017 Name: Instructons: Be sure to read each problem s drectons. Wrte clearly durng the exam and fully erase or mark out anythng you do not want graded. You may use

More information

A Php 5,000 loan is being repaid in 10 yearly payments. If interest is 8% effective, find the annual payment. 1 ( ) 10) 0.

A Php 5,000 loan is being repaid in 10 yearly payments. If interest is 8% effective, find the annual payment. 1 ( ) 10) 0. Amortzaton If a loan s repad on nstalment (whch s usually n equal amounts); then the loan s sad to be repad by the amortzaton method. Under ths method, each nstalment ncludes the repayment of prncpal and

More information

3: Central Limit Theorem, Systematic Errors

3: Central Limit Theorem, Systematic Errors 3: Central Lmt Theorem, Systematc Errors 1 Errors 1.1 Central Lmt Theorem Ths theorem s of prme mportance when measurng physcal quanttes because usually the mperfectons n the measurements are due to several

More information

MATH 373 Quiz 3 Fall 2017 October 12, 2017

MATH 373 Quiz 3 Fall 2017 October 12, 2017 MATH 373 Quz 3 Fall 2017 October, 2017 1. Alex wants to nvest for hs retrement. Today s hs 22 nd brthday. He wll make a payment of 10,000 on each brthday begnnng wth hs 30 th brthday. Hs last payment wll

More information

Chapter 3 Student Lecture Notes 3-1

Chapter 3 Student Lecture Notes 3-1 Chapter 3 Student Lecture otes 3-1 Busness Statstcs: A Decson-Makng Approach 6 th Edton Chapter 3 Descrbng Data Usng umercal Measures 005 Prentce-Hall, Inc. Chap 3-1 Chapter Goals After completng ths chapter,

More information

Multifactor Term Structure Models

Multifactor Term Structure Models 1 Multfactor Term Structure Models A. Lmtatons of One-Factor Models 1. Returns on bonds of all maturtes are perfectly correlated. 2. Term structure (and prces of every other dervatves) are unquely determned

More information

Survey of Math Test #3 Practice Questions Page 1 of 5

Survey of Math Test #3 Practice Questions Page 1 of 5 Test #3 Practce Questons Page 1 of 5 You wll be able to use a calculator, and wll have to use one to answer some questons. Informaton Provded on Test: Smple Interest: Compound Interest: Deprecaton: A =

More information

Tests for Two Correlations

Tests for Two Correlations PASS Sample Sze Software Chapter 805 Tests for Two Correlatons Introducton The correlaton coeffcent (or correlaton), ρ, s a popular parameter for descrbng the strength of the assocaton between two varables.

More information

Data Mining Linear and Logistic Regression

Data Mining Linear and Logistic Regression 07/02/207 Data Mnng Lnear and Logstc Regresson Mchael L of 26 Regresson In statstcal modellng, regresson analyss s a statstcal process for estmatng the relatonshps among varables. Regresson models are

More information

Standardization. Stan Becker, PhD Bloomberg School of Public Health

Standardization. Stan Becker, PhD Bloomberg School of Public Health Ths work s lcensed under a Creatve Commons Attrbuton-NonCommercal-ShareAlke Lcense. Your use of ths materal consttutes acceptance of that lcense and the condtons of use of materals on ths ste. Copyrght

More information

SIMPLE FIXED-POINT ITERATION

SIMPLE FIXED-POINT ITERATION SIMPLE FIXED-POINT ITERATION The fed-pont teraton method s an open root fndng method. The method starts wth the equaton f ( The equaton s then rearranged so that one s one the left hand sde of the equaton

More information

Lecture Note 2 Time Value of Money

Lecture Note 2 Time Value of Money Seg250 Management Prncples for Engneerng Managers Lecture ote 2 Tme Value of Money Department of Systems Engneerng and Engneerng Management The Chnese Unversty of Hong Kong Interest: The Cost of Money

More information

Capability Analysis. Chapter 255. Introduction. Capability Analysis

Capability Analysis. Chapter 255. Introduction. Capability Analysis Chapter 55 Introducton Ths procedure summarzes the performance of a process based on user-specfed specfcaton lmts. The observed performance as well as the performance relatve to the Normal dstrbuton are

More information

y\ 1 Target E-2 Extra Practice r i r Date: Name: 1. a) What is the approximate value of d when t = 3? Explain the method you used.

y\ 1 Target E-2 Extra Practice r i r Date: Name: 1. a) What is the approximate value of d when t = 3? Explain the method you used. Target E-2 Extra Practce. a) What s the approxmate value of d when t = 3? Explan the method ou used. b) What s the approxmate value of t when d = 300? 4 c o d> taa - Ov 0 - ~ r H - \ V/ 00-06- - -

More information

Macroeconomic Theory and Policy

Macroeconomic Theory and Policy ECO 209 Macroeconomc Theory and Polcy Lecture 7: The Open Economy wth Fxed Exchange Rates Gustavo Indart Slde 1 Open Economy under Fxed Exchange Rates Let s consder an open economy wth no captal moblty

More information

Appendix for Solving Asset Pricing Models when the Price-Dividend Function is Analytic

Appendix for Solving Asset Pricing Models when the Price-Dividend Function is Analytic Appendx for Solvng Asset Prcng Models when the Prce-Dvdend Functon s Analytc Ovdu L. Caln Yu Chen Thomas F. Cosmano and Alex A. Hmonas January 3, 5 Ths appendx provdes proofs of some results stated n our

More information

A DUAL EXTERIOR POINT SIMPLEX TYPE ALGORITHM FOR THE MINIMUM COST NETWORK FLOW PROBLEM

A DUAL EXTERIOR POINT SIMPLEX TYPE ALGORITHM FOR THE MINIMUM COST NETWORK FLOW PROBLEM Yugoslav Journal of Operatons Research Vol 19 (2009), Number 1, 157-170 DOI:10.2298/YUJOR0901157G A DUAL EXTERIOR POINT SIMPLEX TYPE ALGORITHM FOR THE MINIMUM COST NETWORK FLOW PROBLEM George GERANIS Konstantnos

More information

Macroeconomic Theory and Policy

Macroeconomic Theory and Policy ECO 209 Macroeconomc Theory and Polcy Lecture 7: The Open Economy wth Fxed Exchange Rates Gustavo Indart Slde 1 Open Economy under Fxed Exchange Rates Let s consder an open economy wth no captal moblty

More information

WHAT ARE REGISTERED SHARES?

WHAT ARE REGISTERED SHARES? Regstered Shares Secton BECOME A REGISTERED SHAREHOLDER AND RECEIVE A LOYALTY BONUS +10% WHAT ARE? Holdng regstered shares means that your shares are regstered n your name, makng t easer for you to receve

More information

iii) pay F P 0,T = S 0 e δt when stock has dividend yield δ.

iii) pay F P 0,T = S 0 e δt when stock has dividend yield δ. Fnal s Wed May 7, 12:50-2:50 You are allowed 15 sheets of notes and a calculator The fnal s cumulatve, so you should know everythng on the frst 4 revews Ths materal not on those revews 184) Suppose S t

More information

Members not eligible for this option

Members not eligible for this option DC - Lump sum optons R6.2 Uncrystallsed funds penson lump sum An uncrystallsed funds penson lump sum, known as a UFPLS (also called a FLUMP), s a way of takng your penson pot wthout takng money from a

More information

ECE 586GT: Problem Set 2: Problems and Solutions Uniqueness of Nash equilibria, zero sum games, evolutionary dynamics

ECE 586GT: Problem Set 2: Problems and Solutions Uniqueness of Nash equilibria, zero sum games, evolutionary dynamics Unversty of Illnos Fall 08 ECE 586GT: Problem Set : Problems and Solutons Unqueness of Nash equlbra, zero sum games, evolutonary dynamcs Due: Tuesday, Sept. 5, at begnnng of class Readng: Course notes,

More information

2) In the medium-run/long-run, a decrease in the budget deficit will produce:

2) In the medium-run/long-run, a decrease in the budget deficit will produce: 4.02 Quz 2 Solutons Fall 2004 Multple-Choce Questons ) Consder the wage-settng and prce-settng equatons we studed n class. Suppose the markup, µ, equals 0.25, and F(u,z) = -u. What s the natural rate of

More information

PhysicsAndMathsTutor.com

PhysicsAndMathsTutor.com PhscsAndMathsTutor.com phscsandmathstutor.com June 2005 6. A scentst found that the tme taken, M mnutes, to carr out an eperment can be modelled b a normal random varable wth mean 155 mnutes and standard

More information

Ch Rival Pure private goods (most retail goods) Non-Rival Impure public goods (internet service)

Ch Rival Pure private goods (most retail goods) Non-Rival Impure public goods (internet service) h 7 1 Publc Goods o Rval goods: a good s rval f ts consumpton by one person precludes ts consumpton by another o Excludable goods: a good s excludable f you can reasonably prevent a person from consumng

More information

ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 8: THE OPEN ECONOMY WITH FIXED EXCHANGE RATES

ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 8: THE OPEN ECONOMY WITH FIXED EXCHANGE RATES ECO 209 MACROECONOMIC THEOR AND POLIC LECTURE 8: THE OPEN ECONOM WITH FIXED EXCHANGE RATES Gustavo Indart Slde 1 OPEN ECONOM UNDER FIXED EXCHANGE RATES Let s consder an open economy wth no captal moblty

More information

CS 286r: Matching and Market Design Lecture 2 Combinatorial Markets, Walrasian Equilibrium, Tâtonnement

CS 286r: Matching and Market Design Lecture 2 Combinatorial Markets, Walrasian Equilibrium, Tâtonnement CS 286r: Matchng and Market Desgn Lecture 2 Combnatoral Markets, Walrasan Equlbrum, Tâtonnement Matchng and Money Recall: Last tme we descrbed the Hungaran Method for computng a maxmumweght bpartte matchng.

More information

Major: All Engineering Majors. Authors: Autar Kaw, Jai Paul

Major: All Engineering Majors. Authors: Autar Kaw, Jai Paul Secant Method Major: All Engneerng Majors Authors: Autar Kaw, Ja Paul http://numercalmethods.eng.us.edu Transormng Numercal Methods Educaton or STEM Undergraduates /0/00 http://numercalmethods.eng.us.edu

More information

Quiz on Deterministic part of course October 22, 2002

Quiz on Deterministic part of course October 22, 2002 Engneerng ystems Analyss for Desgn Quz on Determnstc part of course October 22, 2002 Ths s a closed book exercse. You may use calculators Grade Tables There are 90 ponts possble for the regular test, or

More information

Elements of Economic Analysis II Lecture VI: Industry Supply

Elements of Economic Analysis II Lecture VI: Industry Supply Elements of Economc Analyss II Lecture VI: Industry Supply Ka Hao Yang 10/12/2017 In the prevous lecture, we analyzed the frm s supply decson usng a set of smple graphcal analyses. In fact, the dscusson

More information

ISE High Income Index Methodology

ISE High Income Index Methodology ISE Hgh Income Index Methodology Index Descrpton The ISE Hgh Income Index s desgned to track the returns and ncome of the top 30 U.S lsted Closed-End Funds. Index Calculaton The ISE Hgh Income Index s

More information

OCR Statistics 1 Working with data. Section 2: Measures of location

OCR Statistics 1 Working with data. Section 2: Measures of location OCR Statstcs 1 Workng wth data Secton 2: Measures of locaton Notes and Examples These notes have sub-sectons on: The medan Estmatng the medan from grouped data The mean Estmatng the mean from grouped data

More information

Applications of Myerson s Lemma

Applications of Myerson s Lemma Applcatons of Myerson s Lemma Professor Greenwald 28-2-7 We apply Myerson s lemma to solve the sngle-good aucton, and the generalzaton n whch there are k dentcal copes of the good. Our objectve s welfare

More information

Concepts: simple interest, compound interest, annual percentage yield, compounding continuously, mortgages

Concepts: simple interest, compound interest, annual percentage yield, compounding continuously, mortgages Precalculus: Matheatcs of Fnance Concepts: sple nterest, copound nterest, annual percentage yeld, copoundng contnuously, ortgages Note: These topcs are all dscussed n the text, but I a usng slghtly dfferent

More information

4. Greek Letters, Value-at-Risk

4. Greek Letters, Value-at-Risk 4 Greek Letters, Value-at-Rsk 4 Value-at-Rsk (Hull s, Chapter 8) Math443 W08, HM Zhu Outlne (Hull, Chap 8) What s Value at Rsk (VaR)? Hstorcal smulatons Monte Carlo smulatons Model based approach Varance-covarance

More information

Physics 4A. Error Analysis or Experimental Uncertainty. Error

Physics 4A. Error Analysis or Experimental Uncertainty. Error Physcs 4A Error Analyss or Expermental Uncertanty Slde Slde 2 Slde 3 Slde 4 Slde 5 Slde 6 Slde 7 Slde 8 Slde 9 Slde 0 Slde Slde 2 Slde 3 Slde 4 Slde 5 Slde 6 Slde 7 Slde 8 Slde 9 Slde 20 Slde 2 Error n

More information

Single-Item Auctions. CS 234r: Markets for Networks and Crowds Lecture 4 Auctions, Mechanisms, and Welfare Maximization

Single-Item Auctions. CS 234r: Markets for Networks and Crowds Lecture 4 Auctions, Mechanisms, and Welfare Maximization CS 234r: Markets for Networks and Crowds Lecture 4 Auctons, Mechansms, and Welfare Maxmzaton Sngle-Item Auctons Suppose we have one or more tems to sell and a pool of potental buyers. How should we decde

More information

A HEURISTIC SOLUTION OF MULTI-ITEM SINGLE LEVEL CAPACITATED DYNAMIC LOT-SIZING PROBLEM

A HEURISTIC SOLUTION OF MULTI-ITEM SINGLE LEVEL CAPACITATED DYNAMIC LOT-SIZING PROBLEM A eurstc Soluton of Mult-Item Sngle Level Capactated Dynamc Lot-Szng Problem A EUISTIC SOLUTIO OF MULTI-ITEM SIGLE LEVEL CAPACITATED DYAMIC LOT-SIZIG POBLEM Sultana Parveen Department of Industral and

More information

Scribe: Chris Berlind Date: Feb 1, 2010

Scribe: Chris Berlind Date: Feb 1, 2010 CS/CNS/EE 253: Advanced Topcs n Machne Learnng Topc: Dealng wth Partal Feedback #2 Lecturer: Danel Golovn Scrbe: Chrs Berlnd Date: Feb 1, 2010 8.1 Revew In the prevous lecture we began lookng at algorthms

More information

Supplementary material for Non-conjugate Variational Message Passing for Multinomial and Binary Regression

Supplementary material for Non-conjugate Variational Message Passing for Multinomial and Binary Regression Supplementary materal for Non-conjugate Varatonal Message Passng for Multnomal and Bnary Regresson October 9, 011 1 Alternatve dervaton We wll focus on a partcular factor f a and varable x, wth the am

More information

Random Variables. b 2.

Random Variables. b 2. Random Varables Generally the object of an nvestgators nterest s not necessarly the acton n the sample space but rather some functon of t. Techncally a real valued functon or mappng whose doman s the sample

More information

THIS PAPER SHOULD NOT BE OPENED UNTIL PERMISSION HAS BEEN GIVEN BY THE INVIGILATOR.

THIS PAPER SHOULD NOT BE OPENED UNTIL PERMISSION HAS BEEN GIVEN BY THE INVIGILATOR. UNVERSTY OF SWAZLAND FACULTY OF SOCAL SCENCES DEPARTMENT OF STATSTCS AND DEMOGRAPHY MAN EXAMNATON 2016 TTTLE OF PAPER: DEMOGRAPHC METHODS 1 COURSE NUMBER: DEM 201 TME ALLOWED: 2 Hours NSTRUCTONS: ANSWER

More information

IND E 250 Final Exam Solutions June 8, Section A. Multiple choice and simple computation. [5 points each] (Version A)

IND E 250 Final Exam Solutions June 8, Section A. Multiple choice and simple computation. [5 points each] (Version A) IND E 20 Fnal Exam Solutons June 8, 2006 Secton A. Multple choce and smple computaton. [ ponts each] (Verson A) (-) Four ndependent projects, each wth rsk free cash flows, have the followng B/C ratos:

More information

The Effects of Industrial Structure Change on Economic Growth in China Based on LMDI Decomposition Approach

The Effects of Industrial Structure Change on Economic Growth in China Based on LMDI Decomposition Approach 216 Internatonal Conference on Mathematcal, Computatonal and Statstcal Scences and Engneerng (MCSSE 216) ISBN: 978-1-6595-96- he Effects of Industral Structure Change on Economc Growth n Chna Based on

More information

Mode is the value which occurs most frequency. The mode may not exist, and even if it does, it may not be unique.

Mode is the value which occurs most frequency. The mode may not exist, and even if it does, it may not be unique. 1.7.4 Mode Mode s the value whch occurs most frequency. The mode may not exst, and even f t does, t may not be unque. For ungrouped data, we smply count the largest frequency of the gven value. If all

More information

Computational Finance

Computational Finance Department of Mathematcs at Unversty of Calforna, San Dego Computatonal Fnance Dfferental Equaton Technques [Lectures 8-10] Mchael Holst February 27, 2017 Contents 1 Modelng Fnancal Optons wth the Black-Scholes

More information

Answers to exercises in Macroeconomics by Nils Gottfries 2013

Answers to exercises in Macroeconomics by Nils Gottfries 2013 . a) C C b C C s the ntercept o the consumpton uncton, how much consumpton wll be at zero ncome. We can thnk that, at zero ncome, the typcal consumer would consume out o hs assets. The slope b s the margnal

More information

Future value of an annuity

Future value of an annuity Announcements The secon hour-exam wll be hel on Fray, July 12. The use of cell phones an other wreless evces s not permtte on the exam. You wll nee to brng a separate calculator for the exam. Sharng of

More information

UNIVERSITY OF VICTORIA Midterm June 6, 2018 Solutions

UNIVERSITY OF VICTORIA Midterm June 6, 2018 Solutions UIVERSITY OF VICTORIA Mdterm June 6, 08 Solutons Econ 45 Summer A0 08 age AME: STUDET UMBER: V00 Course ame & o. Descrptve Statstcs and robablty Economcs 45 Secton(s) A0 CR: 3067 Instructor: Betty Johnson

More information

Members not eligible for this option

Members not eligible for this option DC - Lump sum optons R6.1 Uncrystallsed funds penson lump sum An uncrystallsed funds penson lump sum, known as a UFPLS (also called a FLUMP), s a way of takng your penson pot wthout takng money from a

More information

Finite Mathematics for Business Economics Life Sciences Social Sciences Barnett Ziegler Byleen Twelfth Edition

Finite Mathematics for Business Economics Life Sciences Social Sciences Barnett Ziegler Byleen Twelfth Edition Fnte Mathematcs for Busness Economcs Lfe Scences Socal Scences Barnett Zegler Byleen Twelfth Edton Pearson Educaton Lmted Ednburgh Gate Harlow Essex CM20 2JE England and Assocated Companes throughout the

More information

ISyE 512 Chapter 9. CUSUM and EWMA Control Charts. Instructor: Prof. Kaibo Liu. Department of Industrial and Systems Engineering UW-Madison

ISyE 512 Chapter 9. CUSUM and EWMA Control Charts. Instructor: Prof. Kaibo Liu. Department of Industrial and Systems Engineering UW-Madison ISyE 512 hapter 9 USUM and EWMA ontrol harts Instructor: Prof. Kabo Lu Department of Industral and Systems Engneerng UW-Madson Emal: klu8@wsc.edu Offce: Room 317 (Mechancal Engneerng Buldng) ISyE 512 Instructor:

More information

Tests for Two Ordered Categorical Variables

Tests for Two Ordered Categorical Variables Chapter 253 Tests for Two Ordered Categorcal Varables Introducton Ths module computes power and sample sze for tests of ordered categorcal data such as Lkert scale data. Assumng proportonal odds, such

More information

In calculator: PV 4000 I/Y= N=12 PMT=348.13

In calculator: PV 4000 I/Y= N=12 PMT=348.13 MATH 373 Test 1 Sprng 016 February 16, 016 1. Courtney borrows 4000 to buy new sk equpment. She wll repay the loan wth level monthly payments over the next months. The loan has an annual effectve nterest

More information

EXAMINATIONS OF THE HONG KONG STATISTICAL SOCIETY

EXAMINATIONS OF THE HONG KONG STATISTICAL SOCIETY EXAMINATIONS OF THE HONG KONG STATISTICAL SOCIETY HIGHER CERTIFICATE IN STATISTICS, 2013 MODULE 7 : Tme seres and ndex numbers Tme allowed: One and a half hours Canddates should answer THREE questons.

More information

ISE Cloud Computing Index Methodology

ISE Cloud Computing Index Methodology ISE Cloud Computng Index Methodology Index Descrpton The ISE Cloud Computng Index s desgned to track the performance of companes nvolved n the cloud computng ndustry. Index Calculaton The ISE Cloud Computng

More information

University of Toronto November 9, 2006 ECO 209Y MACROECONOMIC THEORY. Term Test #1 L0101 L0201 L0401 L5101 MW MW 1-2 MW 2-3 W 6-8

University of Toronto November 9, 2006 ECO 209Y MACROECONOMIC THEORY. Term Test #1 L0101 L0201 L0401 L5101 MW MW 1-2 MW 2-3 W 6-8 Department of Economcs Prof. Gustavo Indart Unversty of Toronto November 9, 2006 SOLUTION ECO 209Y MACROECONOMIC THEORY Term Test #1 A LAST NAME FIRST NAME STUDENT NUMBER Crcle your secton of the course:

More information

University of Toronto November 9, 2006 ECO 209Y MACROECONOMIC THEORY. Term Test #1 L0101 L0201 L0401 L5101 MW MW 1-2 MW 2-3 W 6-8

University of Toronto November 9, 2006 ECO 209Y MACROECONOMIC THEORY. Term Test #1 L0101 L0201 L0401 L5101 MW MW 1-2 MW 2-3 W 6-8 Department of Economcs Prof. Gustavo Indart Unversty of Toronto November 9, 2006 SOLUTION ECO 209Y MACROECONOMIC THEORY Term Test #1 C LAST NAME FIRST NAME STUDENT NUMBER Crcle your secton of the course:

More information

Number of women 0.15

Number of women 0.15 . Grouped Data (a Mdponts Trmester (months Number o women Relatve Frequency Densty.5 [0, 3 40 40/400 = 0.60 0.60/3 = 0. 4.5 [3, 6 60 60/400 = 0.5 0.5/3 = 0.05 7.5 [6, 9 00 00/400 = 0.5 0.5/3 = 0.0833 0.60

More information

Price and Quantity Competition Revisited. Abstract

Price and Quantity Competition Revisited. Abstract rce and uantty Competton Revsted X. Henry Wang Unversty of Mssour - Columba Abstract By enlargng the parameter space orgnally consdered by Sngh and Vves (984 to allow for a wder range of cost asymmetry,

More information

EDC Introduction

EDC Introduction .0 Introducton EDC3 In the last set of notes (EDC), we saw how to use penalty factors n solvng the EDC problem wth losses. In ths set of notes, we want to address two closely related ssues. What are, exactly,

More information

OPERATIONS RESEARCH. Game Theory

OPERATIONS RESEARCH. Game Theory OPERATIONS RESEARCH Chapter 2 Game Theory Prof. Bbhas C. Gr Department of Mathematcs Jadavpur Unversty Kolkata, Inda Emal: bcgr.umath@gmal.com 1.0 Introducton Game theory was developed for decson makng

More information

Consumption Based Asset Pricing

Consumption Based Asset Pricing Consumpton Based Asset Prcng Mchael Bar Aprl 25, 208 Contents Introducton 2 Model 2. Prcng rsk-free asset............................... 3 2.2 Prcng rsky assets................................ 4 2.3 Bubbles......................................

More information

Pivot Points for CQG - Overview

Pivot Points for CQG - Overview Pvot Ponts for CQG - Overvew By Bran Bell Introducton Pvot ponts are a well-known technque used by floor traders to calculate ntraday support and resstance levels. Ths technque has been around for decades,

More information

Microeconomics: BSc Year One Extending Choice Theory

Microeconomics: BSc Year One Extending Choice Theory mcroeconomcs notes from http://www.economc-truth.co.uk by Tm Mller Mcroeconomcs: BSc Year One Extendng Choce Theory Consumers, obvously, mostly have a choce of more than two goods; and to fnd the favourable

More information

/ Computational Genomics. Normalization

/ Computational Genomics. Normalization 0-80 /02-70 Computatonal Genomcs Normalzaton Gene Expresson Analyss Model Computatonal nformaton fuson Bologcal regulatory networks Pattern Recognton Data Analyss clusterng, classfcaton normalzaton, mss.

More information

Dr. A. Sudhakaraiah* V. Rama Latha E.Gnana Deepika

Dr. A. Sudhakaraiah* V. Rama Latha E.Gnana Deepika Internatonal Journal Of Scentfc & Engneerng Research, Volume, Issue 6, June-0 ISSN - Splt Domnatng Set of an Interval Graph Usng an Algorthm. Dr. A. Sudhakaraah* V. Rama Latha E.Gnana Deepka Abstract :

More information

MATH 373 Quiz 5 Fall 2018 November 20, 2018

MATH 373 Quiz 5 Fall 2018 November 20, 2018 MATH 373 Quz 5 Fall 218 November 2, 218 1. A callable bond matures at the end of 2 years for 1,. The bond pays coupons at a rate of 7% convertble sem-annually. The bond can be called at the end of 14 year

More information

Evaluating Performance

Evaluating Performance 5 Chapter Evaluatng Performance In Ths Chapter Dollar-Weghted Rate of Return Tme-Weghted Rate of Return Income Rate of Return Prncpal Rate of Return Daly Returns MPT Statstcs 5- Measurng Rates of Return

More information

Fast Laplacian Solvers by Sparsification

Fast Laplacian Solvers by Sparsification Spectral Graph Theory Lecture 19 Fast Laplacan Solvers by Sparsfcaton Danel A. Spelman November 9, 2015 Dsclamer These notes are not necessarly an accurate representaton of what happened n class. The notes

More information

Actuarial Science: Financial Mathematics

Actuarial Science: Financial Mathematics STAT 485 Actuaral Scence: Fnancal Mathematcs 1.1.1 Effectve Rates of Interest Defnton Defnton lender. An nterest s money earned by deposted funds. An nterest rate s the rate at whch nterest s pad to the

More information

Chapter 3 Descriptive Statistics: Numerical Measures Part B

Chapter 3 Descriptive Statistics: Numerical Measures Part B Sldes Prepared by JOHN S. LOUCKS St. Edward s Unversty Slde 1 Chapter 3 Descrptve Statstcs: Numercal Measures Part B Measures of Dstrbuton Shape, Relatve Locaton, and Detectng Outlers Eploratory Data Analyss

More information

Final Exam. 7. (10 points) Please state whether each of the following statements is true or false. No explanation needed.

Final Exam. 7. (10 points) Please state whether each of the following statements is true or false. No explanation needed. Fnal Exam Fall 4 Econ 8-67 Closed Book. Formula Sheet Provded. Calculators OK. Tme Allowed: hours Please wrte your answers on the page below each queston. (5 ponts) Assume that the rsk-free nterest rate

More information

An Efficient Heuristic Algorithm for m- Machine No-Wait Flow Shops

An Efficient Heuristic Algorithm for m- Machine No-Wait Flow Shops An Effcent Algorthm for m- Machne No-Wat Flow Shops Dpak Laha and Sagar U. Sapkal Abstract We propose a constructve heurstc for the well known NP-hard of no-wat flow shop schedulng. It s based on the assumpton

More information

Problems to be discussed at the 5 th seminar Suggested solutions

Problems to be discussed at the 5 th seminar Suggested solutions ECON4260 Behavoral Economcs Problems to be dscussed at the 5 th semnar Suggested solutons Problem 1 a) Consder an ultmatum game n whch the proposer gets, ntally, 100 NOK. Assume that both the proposer

More information