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Why are consumers considered to be risk averse? What methods could used to deal with risk? It has been said that a dollar received today is worth more than a dollar received tomorrow. What does this mean and what is the significance to the economy? What is the difference between the present value of a future sum of money and the future value of a present sum of money? What is the significance of these concepts to economics? If you deposited $1,000 in an account paying 6% interest compounded annually, how long would it take to double?
A random sample of starting salaries for an engineer are: $40,000, $40,000, $48,000, $55,000 and $67,000. Find the following and show all work. Include equations, a table or EXCEL work, to show how you found your solution.
define the term linear inequality, then explain what it means to solve a linear inequality. Explain how the solution to the inequality 2x-5
Calculate the horizontal velocity of the cyclist at time t; this is the function x'(t). What is the horizontal velocity if θ = 20o? What is the horizontal velocity if θ = 45o?
One of the most famous unsolved problems in mathematics is a conjecture made by Christian Goldbach in a letter to Leonhard Euler in 1742. The conjecture made in this letter is now known as Goldbach's Conjecture. The conjecture is as follows:
Finding the difference of the side lengths of a triangle - Find the smallest possible value of BC - AB?
how many samples of 3 apples can be drawn from the crate? how many samples of 3 could be drawn in which all 3 are rotten?
Consider the following function: y = f(x;a) = a2 + x - ax2 , where a > 0 is a parameter. Find the first order condition for a critical point of this function.
Where does this series converge according to the ratio test?
Let M be a two by two matrix for which each element is a real number, and let S be the set of all such matrices. Consider the mapping f of S to the real numbers R defined by the relation f(M) = determinant of M.
Math 104: Homework 2. For each set, determine its minimum and maximum if they exist. In addition, determine each set's infimum and supremum, writing your answers in terms of infinity for unbounded sets. Detailed proofs are not required
A trough full of water has vertical ends in the shape of an isosceles triangle 5m across the top and 2m deep. Find the force against the end.
Marlena wants to buy a property, she is looking for a "Steal." Marlena asks you if she should buy a (a) short sale, (b) foreclosure from the auction or (c) REO. Please explain to her the risks and benefits of each. (d) Please give her your opin..
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