Mathematics with Applications In the Management, Natural and Social Sciences (11th Edition)
11th Edition
ISBN: 9780321931078
Author: Margaret L. Lial, Thomas W. Hungerford, John P. Holcomb, Bernadette Mullins
Publisher: PEARSON
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Chapter 7, Problem 20RE
To determine
To calculate: The share of each stock and the minimum value of risk.
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(b) An otherwise fair six-sided die has been tampered with in an attempt to
cheat at a dice game. The effect is that the 1 and 6 faces have a
different probability of occurring than the 2, 3, 4 and 5 faces.
Let θ be the probability of obtaining a 1 on this biased die. Then the
outcomes of rolling the biased die have the following probability mass
function.
Table 1 The p.m.f. of outcomes of rolls of a biased die
Outcome 1 2 3 4 5 6
Probability θ
1
4
(1 − 2θ)
1
4
(1 − 2θ)
1
4
(1 − 2θ)
1
4
(1 − 2θ) θ
(i) By consideration of the p.m.f. in Table 1, explain why it is
necessary for θ to be such that 0 < θ < 1/2. [2]
(ii) The value of θ is unknown. Data from which to estimate the value
of θ were obtained by rolling the biased die 1000 times. The result
of this experiment is shown in Table 2.
Table 2 Outcomes of 1000 independent rolls of a biased die
Outcome 1 2 3 4 5 6
Frequency 205 154 141 165 145 190
Show that the likelihood of θ based on these data is
L(θ) = C θ395 (1 − 2θ)
605
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Problem: The probability density function of a random variable is given by the exponential
distribution
Find the probability that
f(x) = {0.55e-0.55 x 0 < x, O elsewhere}
a. the time to observe a particle is more than 200 microseconds.
b. the time to observe a particle is less than 10 microseconds.
Chapter 7 Solutions
Mathematics with Applications In the Management, Natural and Social Sciences (11th Edition)
Ch. 7.1 - Checkpoint 1
Graph the given...Ch. 7.1 - Prob. 2CPCh. 7.1 - Prob. 3CPCh. 7.1 - Prob. 4CPCh. 7.1 - Prob. 5CPCh. 7.1 - Checkpoint 6
Graph the feasible region of the...Ch. 7.1 - Prob. 7CPCh. 7.1 - Match the inequality with its graph, which is one...Ch. 7.1 - Match the inequality with its graph, which is one...Ch. 7.1 - Match the inequality with its graph, which is one...
Ch. 7.1 - Prob. 4ECh. 7.1 - Match the inequality with its graph, which is one...Ch. 7.1 - Match the inequality with its graph, which is one...Ch. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Prob. 9ECh. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Prob. 11ECh. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Prob. 17ECh. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Prob. 19ECh. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Prob. 22ECh. 7.1 - Prob. 23ECh. 7.1 - Graph each of the given linear inequalities. (See...Ch. 7.1 - Prob. 25ECh. 7.1 - Prob. 26ECh. 7.1 - Prob. 27ECh. 7.1 - Prob. 28ECh. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Prob. 32ECh. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Prob. 34ECh. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Prob. 37ECh. 7.1 - Prob. 38ECh. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Prob. 40ECh. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Prob. 43ECh. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Graph the feasible region for the given systems of...Ch. 7.1 - Prob. 47ECh. 7.1 - Prob. 48ECh. 7.1 - Prob. 49ECh. 7.1 - Prob. 50ECh. 7.1 - Prob. 51ECh. 7.1 - 52. Business A manufacturer of electric shavers...Ch. 7.1 - Prob. 53ECh. 7.1 - Prob. 54ECh. 7.1 - Prob. 55ECh. 7.1 - Prob. 56ECh. 7.2 - Checkpoint 1
Suppose the objective function in...Ch. 7.2 - Prob. 2CPCh. 7.2 - Prob. 3CPCh. 7.2 - Checkpoint 4
Use the region of feasible solutions...Ch. 7.2 - Prob. 5CPCh. 7.2 - Prob. 6CPCh. 7.2 - Exercises 1–6 show regions of feasible solutions....Ch. 7.2 - Exercises 1–6 show regions of feasible solutions....Ch. 7.2 - Exercises 1–6 show regions of feasible solutions....Ch. 7.2 - Exercises 1–6 show regions of feasible solutions....Ch. 7.2 - Exercises 1–6 show regions of feasible solutions....Ch. 7.2 - Prob. 6ECh. 7.2 - Use graphical methods to solve Exercises 7–12....Ch. 7.2 - Use graphical methods to solve Exercises 7–12....Ch. 7.2 - Prob. 9ECh. 7.2 - Use graphical methods to solve Exercises 7–12....Ch. 7.2 - Use graphical methods to solve Exercises 7–12....Ch. 7.2 - Use graphical methods to solve Exercises 7–12....Ch. 7.2 - Find the minimum and maximum values of (if...Ch. 7.2 - Find the minimum and maximum values of (if...Ch. 7.2 - Find the minimum and maximum values of (if...Ch. 7.2 - Find the minimum and maximum values of (if...Ch. 7.2 - Prob. 17ECh. 7.2 - 18. Find values and that maximize subject to...Ch. 7.2 - Prob. 19ECh. 7.2 - Prob. 20ECh. 7.3 - Prob. 1CPCh. 7.3 - Prob. 2CPCh. 7.3 - Prob. 3CPCh. 7.3 - Prob. 1ECh. 7.3 - Prob. 2ECh. 7.3 - Prob. 3ECh. 7.3 - Write the constraints in Exercises 1–4 as linear...Ch. 7.3 - Prob. 5ECh. 7.3 - Solve these linear programming problems, which are...Ch. 7.3 - Prob. 7ECh. 7.3 - Solve these linear programming problems, which are...Ch. 7.3 - Prob. 9ECh. 7.3 - Prob. 10ECh. 7.3 - Prob. 11ECh. 7.3 - Solve these linear programming problems, which are...Ch. 7.3 - Prob. 13ECh. 7.3 - Solve the following linear programming problems....Ch. 7.3 - Prob. 15ECh. 7.3 - Prob. 16ECh. 7.3 - Prob. 17ECh. 7.3 - Prob. 18ECh. 7.3 - Prob. 19ECh. 7.3 - Prob. 20ECh. 7.3 - Prob. 21ECh. 7.3 - Solve the following linear programming problems....Ch. 7.3 - Prob. 23ECh. 7.3 - Prob. 24ECh. 7.3 - Prob. 25ECh. 7.3 - Prob. 26ECh. 7.3 - Prob. 27ECh. 7.3 - Prob. 28ECh. 7.3 - Prob. 29ECh. 7.4 - Prob. 1CPCh. 7.4 - Prob. 2CPCh. 7.4 - Prob. 3CPCh. 7.4 - Prob. 4CPCh. 7.4 - Prob. 5CPCh. 7.4 - Prob. 6CPCh. 7.4 - Prob. 1ECh. 7.4 - Prob. 2ECh. 7.4 - In Exercises 1–4, (a) determine the number of...Ch. 7.4 - Prob. 4ECh. 7.4 - Prob. 5ECh. 7.4 - Prob. 6ECh. 7.4 - Prob. 7ECh. 7.4 - Prob. 8ECh. 7.4 - Prob. 9ECh. 7.4 - Prob. 10ECh. 7.4 - Prob. 11ECh. 7.4 - Prob. 12ECh. 7.4 - Prob. 13ECh. 7.4 - Prob. 14ECh. 7.4 - Prob. 15ECh. 7.4 - Prob. 16ECh. 7.4 - Prob. 17ECh. 7.4 - Prob. 18ECh. 7.4 - Prob. 19ECh. 7.4 - Prob. 20ECh. 7.4 - Prob. 21ECh. 7.4 - Use the simplex method to solve Exercises...Ch. 7.4 - Prob. 23ECh. 7.4 - Prob. 24ECh. 7.4 - Prob. 25ECh. 7.4 - Prob. 26ECh. 7.4 - Prob. 27ECh. 7.4 - Prob. 28ECh. 7.4 - Prob. 29ECh. 7.4 - Prob. 30ECh. 7.4 - Prob. 31ECh. 7.4 - Prob. 32ECh. 7.4 - Use the simplex method to solve Exercises...Ch. 7.4 - Prob. 34ECh. 7.4 - Use the simplex method to solve Exercises...Ch. 7.4 - Use the simplex method to solve Exercises...Ch. 7.4 - Prob. 37ECh. 7.4 - Prob. 38ECh. 7.5 - Prob. 1CPCh. 7.5 - Prob. 1ECh. 7.5 - Prob. 2ECh. 7.5 - Prob. 3ECh. 7.5 - Set up the initial simplex tableau for each of the...Ch. 7.5 - In each of the given exercises, (a) use the...Ch. 7.5 - In each of the given exercises, (a) use the...Ch. 7.5 - In each of the given exercises, (a) use the...Ch. 7.5 - Prob. 8ECh. 7.5 - Prob. 9ECh. 7.5 - Prob. 10ECh. 7.5 - Prob. 11ECh. 7.5 - Prob. 12ECh. 7.5 - Prob. 13ECh. 7.5 - Prob. 14ECh. 7.5 - Prob. 15ECh. 7.5 - Prob. 16ECh. 7.5 - Prob. 17ECh. 7.5 - Prob. 18ECh. 7.5 - Prob. 19ECh. 7.5 - Prob. 20ECh. 7.5 - Prob. 21ECh. 7.5 - Prob. 22ECh. 7.6 - Checkpoint 1
Give the transpose of each...Ch. 7.6 - Prob. 2CPCh. 7.6 - Prob. 3CPCh. 7.6 - Prob. 4CPCh. 7.6 - Prob. 5CPCh. 7.6 - Prob. 6CPCh. 7.6 - Prob. 1ECh. 7.6 - Prob. 2ECh. 7.6 - Prob. 3ECh. 7.6 - Prob. 4ECh. 7.6 - Prob. 5ECh. 7.6 - Prob. 6ECh. 7.6 - Prob. 7ECh. 7.6 - Prob. 8ECh. 7.6 - Prob. 9ECh. 7.6 - Prob. 10ECh. 7.6 - Prob. 11ECh. 7.6 - Prob. 12ECh. 7.6 - Prob. 13ECh. 7.6 - Prob. 14ECh. 7.6 - Prob. 15ECh. 7.6 - Prob. 16ECh. 7.6 - Prob. 17ECh. 7.6 - Prob. 18ECh. 7.6 - Prob. 19ECh. 7.6 - Prob. 20ECh. 7.6 - Prob. 21ECh. 7.6 - Prob. 22ECh. 7.6 - Prob. 23ECh. 7.6 - Prob. 24ECh. 7.6 - Prob. 25ECh. 7.6 - Prob. 26ECh. 7.6 - Prob. 27ECh. 7.6 - 28. Business An animal food must provide at least...Ch. 7.6 - Prob. 29ECh. 7.6 - 30. Business Joan McKee has a part-time job...Ch. 7.6 - Prob. 31ECh. 7.6 - Prob. 32ECh. 7.6 - Prob. 33ECh. 7.6 - Prob. 34ECh. 7.7 - Prob. 1CPCh. 7.7 - Prob. 2CPCh. 7.7 - Prob. 3CPCh. 7.7 - Prob. 4CPCh. 7.7 - Prob. 5CPCh. 7.7 - Prob. 1ECh. 7.7 - Prob. 2ECh. 7.7 - Prob. 3ECh. 7.7 - Prob. 4ECh. 7.7 - Prob. 5ECh. 7.7 - Prob. 6ECh. 7.7 - Prob. 7ECh. 7.7 - Prob. 8ECh. 7.7 - Prob. 9ECh. 7.7 - Prob. 10ECh. 7.7 - Prob. 11ECh. 7.7 - Prob. 12ECh. 7.7 - Prob. 13ECh. 7.7 - Prob. 14ECh. 7.7 - Prob. 15ECh. 7.7 - Prob. 16ECh. 7.7 - Prob. 17ECh. 7.7 - Prob. 18ECh. 7.7 - Prob. 19ECh. 7.7 - Prob. 20ECh. 7.7 - Prob. 21ECh. 7.7 - Prob. 22ECh. 7.7 - Prob. 23ECh. 7.7 - Prob. 24ECh. 7.7 - Prob. 25ECh. 7.7 - Prob. 26ECh. 7.7 - Prob. 27ECh. 7.7 - Prob. 28ECh. 7.7 - Prob. 29ECh. 7.7 - Prob. 30ECh. 7.7 - Prob. 31ECh. 7.7 - Prob. 32ECh. 7.7 - Prob. 33ECh. 7.7 - Prob. 34ECh. 7.7 - Prob. 35ECh. 7.7 - Use the two-stage method to solve Exercises 33–40....Ch. 7.7 - Prob. 37ECh. 7.7 - Prob. 38ECh. 7.7 - Prob. 39ECh. 7.7 - Prob. 40ECh. 7.7 - Prob. 41ECh. 7.7 - Prob. 42ECh. 7.7 - Prob. 43ECh. 7 - Prob. 1CECh. 7 - 2. Consider preparing a stir-fry using beef, oil,...Ch. 7 - Prob. EPCh. 7 - Prob. 1RECh. 7 - Prob. 2RECh. 7 - Graph each of the given linear inequalities.
3.
Ch. 7 - Prob. 4RECh. 7 - Prob. 5RECh. 7 - Prob. 6RECh. 7 - Prob. 7RECh. 7 - Prob. 8RECh. 7 - Prob. 9RECh. 7 - Prob. 10RECh. 7 - Prob. 11RECh. 7 - Prob. 12RECh. 7 - Prob. 13RECh. 7 - Use the graphical method to solve Exercises...Ch. 7 - Use the graphical method to solve Exercises...Ch. 7 - Prob. 16RECh. 7 - Prob. 17RECh. 7 - Prob. 18RECh. 7 - 19. Finance The BlackRock Equity Dividend Fund...Ch. 7 - Prob. 20RECh. 7 - Prob. 21RECh. 7 - Prob. 22RECh. 7 - Prob. 23RECh. 7 - Prob. 24RECh. 7 - Prob. 25RECh. 7 - Prob. 26RECh. 7 - Prob. 27RECh. 7 - Prob. 28RECh. 7 - Prob. 29RECh. 7 - Prob. 30RECh. 7 - Prob. 31RECh. 7 - Prob. 32RECh. 7 - Prob. 33RECh. 7 - Prob. 34RECh. 7 - Prob. 35RECh. 7 - Prob. 36RECh. 7 - 37. When is it necessary to use the simplex method...Ch. 7 - Prob. 38RECh. 7 - 39. What kind of problem can be solved with the...Ch. 7 - 40. In solving a linear programming problem, you...Ch. 7 - Prob. 41RECh. 7 - Prob. 42RECh. 7 - Prob. 43RECh. 7 - Prob. 44RECh. 7 - Prob. 45RECh. 7 - Use the method of duals to solve these...Ch. 7 - Prob. 47RECh. 7 - Prob. 48RECh. 7 - Prob. 49RECh. 7 - Prob. 50RECh. 7 - Prob. 51RECh. 7 - Prob. 52RECh. 7 - Use the two-stage method to solve these...Ch. 7 - Prob. 54RECh. 7 - Prob. 55RECh. 7 - Prob. 56RECh. 7 - Business Solve the following maximization...Ch. 7 - Prob. 58RECh. 7 - Business Solve the following maximization...Ch. 7 - Prob. 60RECh. 7 - Prob. 61RECh. 7 - Business Solve the following minimization...Ch. 7 - Business Solve these mixed-constraint...Ch. 7 - Business Solve these mixed-constraint...
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