
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
14th Edition
ISBN: 9780134677972
Author: Barnett
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 1.1, Problem 50E
IRA. Refer to Problem
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
8 (Correlation and Diversification)
Assume we have two stocks, A and B, show that a particular combination
of the two stocks produce a risk-free portfolio when the correlation between
the return of A and B is -1.
9 (Portfolio allocation)
Suppose R₁ and R2 are returns of 2 assets and with expected return and
variance respectively r₁ and 72 and variance-covariance σ2, 0%½ and σ12. Find
−∞ ≤ w ≤ ∞ such that the portfolio wR₁ + (1 - w) R₂ has the smallest
risk.
7 (Multivariate random variable)
Suppose X, €1, €2, €3 are IID N(0, 1) and
Y2
Y₁ = 0.2 0.8X + €1, Y₂ = 0.3 +0.7X+ €2, Y3 = 0.2 + 0.9X + €3.
=
(In models like this, X is called the common factors of Y₁, Y₂, Y3.)
Y = (Y1, Y2, Y3).
(a) Find E(Y) and cov(Y).
(b) What can you observe from cov(Y).
Write
Chapter 1 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
Ch. 1.1 - According to equality property 2, multiplying both...Ch. 1.1 - Replace ? with < or > in each of the following:...Ch. 1.1 - The solution to Example 5B shows the graph of the...Ch. 1.1 - Solve and check: 3x2(2x5)=2(x+3)8Ch. 1.1 - Solve and check: x+13x4=12Ch. 1.1 - Matched Problem 3 If a cardboard box has length L,...Ch. 1.1 - Replace each question mark with either < or >....Ch. 1.1 - (A) Write 7,4 as a double inequality and graph....Ch. 1.1 - Solve and graph: 3(x1)5(x+2)5Ch. 1.1 - Solve and graph: 83x57
Ch. 1.1 - Mary paid 8.5 sales tax and a 190 title and...Ch. 1.1 - How many bike computers would a company have to...Ch. 1.1 - What net annual salary in 1973 would have had the...Ch. 1.1 - In Problems 1-6, solve for x. 5x+3=x+23Ch. 1.1 - In Problems 1-6, solve for x. 7x6=5x24Ch. 1.1 - In Problems 1-6, solve for x. 9(4x)=2(x+7)Ch. 1.1 - In Problems 1-6, solve for x. 3(x+6)=52(x+1)Ch. 1.1 - In Problems 1-6, solve for x. x+14=x2+5Ch. 1.1 - In Problems 1-6, solve for x. 2x+135x2=4Ch. 1.1 - In Problems 7-12, write the interval as an...Ch. 1.1 - In Problems 7-12, write the interval as an...Ch. 1.1 - In Problems 7-12, write the interval as an...Ch. 1.1 - In Problems 7-12, write the interval as an...Ch. 1.1 - In Problems 7-12, write the interval as an...Ch. 1.1 - In Problems 7-12, write the interval as an...Ch. 1.1 - In Problems 13-18, write the solution set using...Ch. 1.1 - In Problems 13-18, write the solution set using...Ch. 1.1 - In Problems 13-18, write the solution set using...Ch. 1.1 - In Problems 13-18, write the solution set using...Ch. 1.1 - In Problems 13-18, write the solution set using...Ch. 1.1 - In Problems 13-18, write the solution set using...Ch. 1.1 - In Problems 19-32, find the solution set. x4+12=18Ch. 1.1 - In Problems 19-32, find the solution set. m34=23Ch. 1.1 - In Problems 19-32, find the solution set. y532Ch. 1.1 - In Problems 19-32, find the solution set. x456Ch. 1.1 - In Problems 19-32, find the solution set....Ch. 1.1 - In Problems 19-32, find the solution set....Ch. 1.1 - In Problems 19-32, find the solution set....Ch. 1.1 - In Problems 19-32, find the solution set. 34x=5x+1Ch. 1.1 - In Problems 19-32, find the solution set. 3y4y3Ch. 1.1 - In Problems 19-32, find the solution set. x22x5Ch. 1.1 - In Problems 19-32, find the solution set. x5x6=65Ch. 1.1 - In Problems 19-32, find the solution set. y4y3=12Ch. 1.1 - In Problems 19-32, find the solution set. m5335m2Ch. 1.1 - In Problems 19-32, find the solution set. u223u3+2Ch. 1.1 - In Problems 33-36, solve and graph. 23x714Ch. 1.1 - In Problems 33-36, solve and graph. 45x+621Ch. 1.1 - In Problems 33-36, solve and graph. 495C+3268Ch. 1.1 - In Problems 33-36, solve and graph. 123t+511Ch. 1.1 - In Problems 37-42, solve for the indicated...Ch. 1.1 - In Problems 37-42, solve for the indicated...Ch. 1.1 - In Problems 37-42, solve for the indicated...Ch. 1.1 - In Problems 37-42, solve for the indicated...Ch. 1.1 - In Problems 37-42, solve for the indicated...Ch. 1.1 - In Problems 37-42, solve for the indicated...Ch. 1.1 - In Problems 43 and 44, solve and graph. 347x18Ch. 1.1 - In Problems 43 and 44, solve and graph. 1083u6Ch. 1.1 - If both a and b are positive numbers and b/a. is...Ch. 1.1 - If both a and b are negative numbers and b/a is...Ch. 1.1 - Ticket sales. A rock concert brought in $432,500...Ch. 1.1 - Parking meter coins. An all-day parking meter...Ch. 1.1 - IRA. You have $500,000 in an IRA (Individual...Ch. 1.1 - IRA. Refer to Problem 49. How should you divide...Ch. 1.1 - Car prices. If the price change of cars parallels...Ch. 1.1 - Home values. If the price change in houses...Ch. 1.1 - Retail and wholesale prices. Retail prices in a...Ch. 1.1 - Retail and sale prices. Sale prices in a...Ch. 1.1 - Equipment rental. A golf course charges $52 for a...Ch. 1.1 - Equipment rental. The local supermarket rents...Ch. 1.1 - Sales commissions. One employee of a computer...Ch. 1.1 - Sales commissions. A second employee of the...Ch. 1.1 - Break-even analysis. A publisher for a promising...Ch. 1.1 - Break-even analysis. The publisher of a new book...Ch. 1.1 - Break-even analysis. The publisher in Problem 59...Ch. 1.1 - Break-even analysis. The publisher in Problem 60...Ch. 1.1 - Wildlife management. A naturalist estimated the...Ch. 1.1 - Temperature conversion. If the temperature for a...Ch. 1.1 - Psychology. The IQ (intelligence quotient) is...Ch. 1.1 - Psychology. Refer to Problem 65. If the IQ of a...Ch. 1.2 - (A) As noted earlier, (4,3) is a solution of the...Ch. 1.2 - (A) Graph y=x+b for b=5,3,0,3 and 5 simultaneously...Ch. 1.2 - Graph:4x3y=12Ch. 1.2 - Graph 4x-3y=12 on a graphing calculator and find...Ch. 1.2 - (A) Graph x=5andy=3 simultaneously in the same...Ch. 1.2 - Find the slope of the line through each pair of...Ch. 1.2 - Write the equation of the line with slope 12 and y...Ch. 1.2 - (A) Find an equation for the line that has slope...Ch. 1.2 - Answer parts (A) and (B) in Example 7 for fixed...Ch. 1.2 - At a price of $12.59 per box of grapefruit, the...Ch. 1.2 - \ Problems 1-4 refer to graphs (A)-(D). Identify...Ch. 1.2 - Problems 1-4 refer to graphs (A)-(D). Identify the...Ch. 1.2 - Problems 1-4 refer to graphs (A)-(D). Identify the...Ch. 1.2 - Problems 1-4 refer to graphs (A)-(D). Identify the...Ch. 1.2 - In Problems 5-8, sketch a graph of each equation...Ch. 1.2 - In Problems 5-8, sketch a graph of each equation...Ch. 1.2 - In Problems 5-8, sketch a graph of each equation...Ch. 1.2 - In Problems 5-8, sketch a graph of each equation...Ch. 1.2 - In Problems 9-14, find the slope and y intercept...Ch. 1.2 - In Problems 9-14, find the slope and y intercept...Ch. 1.2 - In Problems 9-14, find the slope and y intercept...Ch. 1.2 - In Problems 9-14, find the slope and y intercept...Ch. 1.2 - In Problems 9-14, find the slope and y intercept...Ch. 1.2 - In Problems 9-14, find the slope and y intercept...Ch. 1.2 - In Problems 15-20, find the slope and x intercept...Ch. 1.2 - In Problems 15-20, find the slope and x intercept...Ch. 1.2 - In Problems 15-20, find the slope and x intercept...Ch. 1.2 - In Problems 15-20, find the slope and x intercept...Ch. 1.2 - In Problems 15-20, find the slope and x intercept...Ch. 1.2 - In Problems 15-20, find the slope and x intercept...Ch. 1.2 - In Problems 21-24, write an equation of the line...Ch. 1.2 - In Problems 21-24, write an equation of the line...Ch. 1.2 - In Problems 21-24, write an equation of the line...Ch. 1.2 - In Problems 21-24, write an equation of the line...Ch. 1.2 - In Problems 25-28, use the graph of each line to...Ch. 1.2 - In Problems 25-28, use the graph of each line to...Ch. 1.2 - In Problems 25-28, use the graph of each line to...Ch. 1.2 - In Problems 25-28, use the graph of each line to...Ch. 1.2 - In Problems 29-34, sketch a graph of each equation...Ch. 1.2 - In Problems 29-34, sketch a graph of each equation...Ch. 1.2 - In Problems 29-34, sketch a graph of each equation...Ch. 1.2 - In Problems 29-34, sketch a graph of each equation...Ch. 1.2 - In Problems 29-34, sketch a graph of each equation...Ch. 1.2 - In Problems 29-34, sketch a graph of each equation...Ch. 1.2 - In Problems 35-40, find the slope of the graph of...Ch. 1.2 - In Problems 35-40, find the slope of the graph of...Ch. 1.2 - In Problems 35-40, find the slope of the graph of...Ch. 1.2 - In Problems 35-40, find the slope of the graph of...Ch. 1.2 - In Problems 35-40, find the slope of the graph of...Ch. 1.2 - In Problems 35-40, find the slope of the graph of...Ch. 1.2 - Given Ax+By=12, graph each of the following three...Ch. 1.2 - Given Ax+By=24, graph each of the following three...Ch. 1.2 - Graph y=25x+200,x0.Ch. 1.2 - Graph y=40x+160,x0.Ch. 1.2 - (A) Graph y=1.2x4.2 in a rectangular coordinate...Ch. 1.2 - (A) Graph y=0.8x+5.2 in a rectangular coordinate...Ch. 1.2 - In Problems 47-50, write the equations of the...Ch. 1.2 - In Problems 47-50, write the equations of the...Ch. 1.2 - In Problems 47-50, write the equations of the...Ch. 1.2 - In Problems 47-50, write the equations of the...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 51-58, write the slope-intercept form...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - In Problems 59-66, (A) Find the slope of the line...Ch. 1.2 - Discuss the relationship among the graphs of the...Ch. 1.2 - Discuss the relationship among the graphs of the...Ch. 1.2 - Cost analysis. A donut shop has a fixed cost of...Ch. 1.2 - Cost analysis. A small company manufactures picnic...Ch. 1.2 - Cost analysis. A plant can manufacture 80 golf...Ch. 1.2 - Cost analysis. A plant can manufacture 50 tennis...Ch. 1.2 - Business-Markup policy. A drugstore sells a drug...Ch. 1.2 - Business-Markup policy. A clothing store sells a...Ch. 1.2 - Business-Depreciation. A farmer buys a new tractor...Ch. 1.2 - Business-Depreciation. A charter fishing company...Ch. 1.2 - Boiling point. The temperature at which water...Ch. 1.2 - Boiling point. The temperature at which water...Ch. 1.2 - Flight conditions. In stable air, the air...Ch. 1.2 - Flight navigation. The airspeed indicator on some...Ch. 1.2 - Demographics. The average number of persons per...Ch. 1.2 - Demographics. The median household income divides...Ch. 1.2 - Cigarette smoking. The percentage of female...Ch. 1.2 - Cigarette smoking. The percentage of male...Ch. 1.2 - Supply and demand. At a price of $9.00 per bushel,...Ch. 1.2 - Supply and demand. At a price of $3.20 per bushel,...Ch. 1.2 - Physics. Hooke’s law states that the relationship...Ch. 1.2 - Physics. The distance d between a fixed spring and...Ch. 1.3 - As illustrated in Example 1A, the slope m of a...Ch. 1.3 - As stated previously, we used linear regression to...Ch. 1.3 - The equation a=28.55w+118.7 expresses BSA for...Ch. 1.3 - A 400-pound load of grain is dropped from an...Ch. 1.3 - Prices for emerald-shaped diamonds from an online...Ch. 1.3 - Using the model of Example 4, estimate the...Ch. 1.3 - Figure 5 shows the scatter plot for white spruce...Ch. 1.3 - Ideal weight. Dr. J. D. Robinson published the...Ch. 1.3 - Ideal weight. Dr. J. D. Robinson also published...Ch. 1.3 - Underwater pressure. At sea level, the weight of...Ch. 1.3 - Underwater pressure. Refer to Problem 3. In fresh...Ch. 1.3 - Rate of descent Parachutes. At low altitudes, the...Ch. 1.3 - Rate of descent Parachutes. The U.S Army is...Ch. 1.3 - Speed of sound. The speed of sound through air is...Ch. 1.3 - Speed of sound. The speed of sound through sea...Ch. 1.3 - Energy production. Table 5 lists U.S. fossil fuel...Ch. 1.3 - Energy consumption. Table 6 lists U.S. fossil fuel...Ch. 1.3 - Cigarette smoking. The data in Table 7 shows that...Ch. 1.3 - Cigarette smoking. The data in Table 7 shows that...Ch. 1.3 - Licensed drivers. Table 8 contains the state...Ch. 1.3 - Licensed drivers. Table 9 contains the state...Ch. 1.3 - Net sales. A linear regression model for the net...Ch. 1.3 - Operating income. A linear regression model for...Ch. 1.3 - Freezing temperature. Ethylene glycol and...Ch. 1.3 - Freezing temperature. A linear regression model...Ch. 1.3 - Forestry. The figure contains a scatter plot of...Ch. 1.3 - Forestry. The figure contains a scatter plot of...Ch. 1.3 - Undergraduate enrollment. Table 12 lists fall...Ch. 1.3 - Graduate enrollment. Table 13 lists fall graduate...Ch. 1.3 - Climate. Find a linear regression model for the...Ch. 1.3 - Climate. Find a linear regression model for the...Ch. 1.3 - Olympic Games. Find a linear regression model for...Ch. 1.3 - Olympic Games. Find a linear regression model for...Ch. 1.3 - Supply and demand. Table 16 contains price supply...Ch. 1.3 - Supply and demand. Table 17 contains price supply...Ch. 1 - Solve2x+3=7x11.Ch. 1 - Solvex12x33=12.Ch. 1 - Solve2x+5y=9fory.Ch. 1 - Solve3x4y=7forx.Ch. 1 - Solve Problems 5-7 and graph on a real number...Ch. 1 - Solve Problems 5-7 and graph on a real number...Ch. 1 - Solve Problems 5-7 and graph on a real number...Ch. 1 - Sketch a graph of 3x+2y=9.Ch. 1 - Write an equation of a line with x intercept 6 and...Ch. 1 - Sketch a graph of 2x3y=18. What are the intercepts...Ch. 1 - Write an equation in the form y=mx+b for a line...Ch. 1 - Write the equations of the vertical line and the...Ch. 1 - Write the equation of a line through each...Ch. 1 - Write the equation of the line through the two...Ch. 1 - Solve Problems 15-19. 3x+25=5xCh. 1 - Solve Problems 15-19. u5=u6+65Ch. 1 - Solve Problems 15-19. 5x34+x2=x24+1Ch. 1 - Solve Problems 15-19. 0.05x+0.2530x=3.3Ch. 1 - Solve Problems 15-19. 0.2x3+0.05x=0.4Ch. 1 - Solve Problems 20-24 and graph on a real number...Ch. 1 - Solve Problems 20-24 and graph on a real number...Ch. 1 - Solve Problems 20-24 and graph on a real number...Ch. 1 - Solve Problems 20-24 and graph on a real number...Ch. 1 - Solve Problems 20-24 and graph on a real number...Ch. 1 - Given Ax+By=30, graph each of the following cases...Ch. 1 - Describe the graphs of x=3 and y=2 Graph both...Ch. 1 - Describe the lines defined by the following...Ch. 1 - Solve Problems 28 and 29 for the indicated...Ch. 1 - Solve Problems 28 and 29 for the indicated...Ch. 1 - For what values of a and b is the inequality a+bba...Ch. 1 - If a and b are negative numbers and ab, then is...Ch. 1 - Graph y=mx+bandy=1mx+b simultaneously in the same...Ch. 1 - Investing. An investor has $300,000 to invest. If...Ch. 1 - Break-even analysis. A producer of educational...Ch. 1 - Sports medicine. A simple rule of thumb for...Ch. 1 - Linear depreciation. A bulldozer was purchased by...Ch. 1 - Business Pricing. A sporting goods store sells...Ch. 1 - Income. A salesperson receives a base salary of...Ch. 1 - Price demand. The weekly demand for mouthwash in a...Ch. 1 - Freezing temperature. Methanol, also known as wood...Ch. 1 - High school dropout rates. Table 2 gives U.S. high...Ch. 1 - Consumer Price Index. The U.S. Consumer Price...Ch. 1 - Forestry. The figure contains a scatter plot of 20...
Additional Math Textbook Solutions
Find more solutions based on key concepts
Graph the functions in Exercises 9 and 10. Then answer these questions.
What are the domain and range of f?
At ...
University Calculus: Early Transcendentals (4th Edition)
Calculating derivatives Find dy/dx for the following functions. 19. y = ex sin x;
Calculus: Early Transcendentals (2nd Edition)
In Exercises 5–8, identify the class width, class midpoints, and class boundaries for the given frequency distr...
Elementary Statistics (13th Edition)
Siblings The histogram shows the distribution of the numbers of siblings (brothers and sisters) for 2000 adults...
Introductory Statistics
Two symmetric dice have had two of their sides painted red, two painted black, one painted yellow, and the othe...
A First Course in Probability (10th Edition)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 1 (VaR and ES) Suppose X ~ f(x) with 1+x, if 0> x > −1 f(x) = 1−x if 1 x > 0 Find VaRo.05 (X) and ES0.05 (X).arrow_forward(^) k Recall that for numbers 0 ≤ k ≤ n the binomial coefficient (^) is defined as n! k! (n−k)! Question 1. (1) Prove the following identity: (22) + (1121) = (n+1). (2) Use the identity above to prove the binomial theorem by induction. That is, prove that for any a, b = R, n (a + b)" = Σ (^) an- n-kyk. k=0 n Recall that Σ0 x is short hand notation for the expression x0+x1+ +xn- (3) Fix x = R, x > 0. Prove Bernoulli's inequality: (1+x)" ≥1+nx, by using the binomial theorem. - Question 2. Prove that ||x| - |y|| ≤ |x − y| for any real numbers x, y. Question 3. Assume (In) nEN is a sequence which is unbounded above. That is, the set {xn|nЄN} is unbounded above. Prove that there are natural numbers N] k for all k Є N. be natural numbers (nk Є N). Prove thatarrow_forwardQuestion content area top Part 1 Find the measure of ABC for the congruent triangles ABC and Upper A prime Upper B prime Upper C primeA′B′C′. 79 degrees79° 1533 2930 Part 1 m ABCequals=enter your response heredegreesarrow_forward
- Joy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forwardSolve for X. Explain each step. 2^2x • 2^-4=8arrow_forwardFind the range and all the answers. Remark that the range isn’t between -(pi/2) and (pi/2)arrow_forward
- One hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forwardPlease draw a detailed grapharrow_forwardFor allarrow_forward
- not use ai pleasearrow_forward3) Let G be the group generated by elements a and b satisfying the relations a² = 63, 66 = 1, and a ¹ba = b¹. Which of the following is equivalent to the element z = a a-2ba3b3? A) b-2a-1 B) ab² C) ab D) ba E) b²aarrow_forward1) Find all complex solutions to cos(z) =arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Intermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning

Intermediate Algebra
Algebra
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning

Algebra for College Students
Algebra
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning

Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY