Questions
Let ?1 and ?2 be two independent random variables with uniform distribution on [0, 1]. 1....

Let ?1 and ?2 be two independent random variables with uniform distribution on [0, 1].
1. Write down the joint cumulative distribution function and joint probability
density function of ?1 + ?2 and ?1?2.
2. Write down the covariance between ?1 + ?2 and ?1?2.
3. Let ? be the largest magnitude (absolute value) of a root of the equation
?^2 − ?1? + ?2 = 0. Let ? be the random event that says that the
equation ?^2 −?1? +?2 = 0 has no real roots. Find the conditional c.d.f.
of ? when ? is false,

In: Statistics and Probability

Let ?1 and ?2 be two independent random variables with uniform distribution on [0, 1]. 1....

Let ?1 and ?2 be two independent random variables with uniform distribution on [0, 1].

1. Write down the joint cumulative distribution function and joint probability density function of ?1 + ?2 and ?1?2.

2. Write down the covariance between ?1 + ?2 and ?1?2.

3. Let ? be the largest magnitude (absolute value) of a root of the equation ? 2 − ?1? + ?2 = 0. Let ? be the random event which says that the equation ? 2 − ?1? + ?2 = 0 has no real roots. Find the conditional c.d.f. of ? when ? is true

In: Statistics and Probability

Valuation Methods Exercise Assume all years' cash flows will grow 4% Excel 1 11.875% - cost...

Valuation Methods Exercise

Assume all years' cash flows will grow 4%

Excel 1

11.875% - cost of equity

4.000%- terminal growth rate

Forecasted years in the future
0 1 2 3 4 5 Terminal value
FCFE 1050

What is the total value of equity?

What % of the total equity value is represented by the PV of the Terminal Value?
By what % does the equity value change if the terminal growth rate increases 1/2 percentage point?
By what % does the equity value change if the discount rate increases 1/10 percentage point?
By what % does the equity value change if the terminal growth rate decreases 1/2 percentage point?

By what % does the equity value change if the discount rate decreases 1/10 percentage point?

Excel 2:

9.454%-WACC
4.000%-terminal growth rate

$5,200-MV debt st year 0

Forcasted years in the future

0 1 2 3 4 5
FCFE 1000

What is the total value of equity?

What % of the total equity value is represented by the PV of the Terminal Value?
By what % does the equity value change if the terminal growth rate increases 1/2 percentage point?
By what % does the equity value change if the discount rate increases 1/10 percentage point?
By what % does the equity value change if the terminal growth rate decreases 1/2 percentage point?

By what % does the equity value change if the discount rate decreases 1/10 percentage point?

Excel 3:

10.000% - unlevered cost of capital
4.000%- terminal growth rate
40.000% - tax rate

$          5,200 - MV debt at year 0

Forecasted years in the future

0 1 2 3 4 5 TV
FCFF 1000
Tax saving 100
What is the total value of equity?
What % of the total equity value is represented by the PV of the Terminal Value?
By what % does the equity value change if the terminal growth rate increases 1/2 percentage point?
By what % does the equity value change if the discount rate increases 1/10 percentage point?
By what % does the equity value change if the terminal growth rate decreases 1/2 percentage point?
By what % does the equity value change if the discount rate decreases 1/10 percentage point?

In: Finance

Suppose 2 boxes: - Box #1 contains: + 5 Black balls. + 6 White balls. -...

Suppose 2 boxes:
- Box #1 contains:
+ 5 Black balls.
+ 6 White balls.
- Box #2 contains:
+ 8 Black balls.
+ 4 White balls.
- Two balls are drawn from Box #2 and placed into Box #1.
- A ball is drawn from Box #1.

1- What is the probability that the ball drawn from Box #1 is White?
2- Suppose that the ball drawn from Box #1 is White, then what is the probability that at least one White
ball was transferred to Box #1?

In: Statistics and Probability

Suppose 2 boxes: - Box #1 contains: + 5 Black balls. + 6 White balls. -...

Suppose 2 boxes:
- Box #1 contains:
+ 5 Black balls.
+ 6 White balls.
- Box #2 contains:
+ 8 Black balls.
+ 4 White balls.
- Two balls are drawn from Box #2 and placed into Box #1.
- A ball is drawn from Box #1.

1- What is the probability that the ball drawn from Box #1 is White?
2- Suppose that the ball drawn from Box #1 is White, then what is the probability that at least one White
ball was transferred to Box #1?

In: Statistics and Probability

Answer true or false for each statement and give a logically valid explanation to support your...

Answer true or false for each statement and give a logically valid explanation to support your answer (you can give a counterexample if it is false, or make a proof if it is true).

a. The multiplication of two irrational numbers is an irrational number.

b. The set {( 1−n/ n , 8n+1/ n ) |n ∈ N } is an open covering of (−1, 8].

c. The sequence {( 1−3n /n + (−1)n ) |n ∈ N } has a sub-sequence that converges to -4.

d. The sum of the Lebesgue measure of the sets A = C ∪ [−5, 1), and B = Q ∩ [4, 10] is 6, where C is the Cantor ternary set, and Q is the rational numbers set.

e. Find the inf and sup of the set A = {x ∈ R : x 2 − 4x ≤ 20 − 5x} are -5 and 4 respectively.

f. The intersection set for the following collection of intervals is open. {(−1/n − 2, 3 + 1/n), n ∈ N} .

In: Advanced Math

An irrigation experiment was conducted in a randomized complete block design in a Lavencia orange grove....

An irrigation experiment was conducted in a randomized complete block design in a Lavencia orange grove. Six irrigation treatments were used in eight blocks of trees. The data below are the weight in pounds of harvested fruit from each plot.

a. Consider the flood irrigation method to be the standard practice. Use the Dunnett method to test the difference between the flood irrigation and each of the other methods

b. Calculate the F-statistic assuming a completely randomized one-way design. How different are the results?

c. Check the assumptions from part b. Make sure to include any plots in your solutions

method block weight
trickle 1 450
trickle 2 469
trickle 3 249
trickle 4 125
trickle 5 280
trickle 6 352
trickle 7 221
trickle 8 251
Basin 1 358
Basin 2 512
Basin 3 281
Basin 4 58
Basin 5 352
Basin 6 293
Basin 7 283
Basin 8 186
Spray 1 331
Spray 2 402
Spray 3 183
Spray 4 70
Spray 5 250
Spray 6 281
Spray 7 219
Spray 8 46
Sprinkler 1 317
Sprinkler 2 423
Sprinkler 3 379
Sprinkler 4 63
Sprinkler 5 289
Sprinkler 6 239
Sprinkler 7 269
Sprinkler 8 357
Sprinkler+Spray 1 479
Sprinkler+Spray 2 341
Sprinkler+Spray 3 404
Sprinkler+Spray 4 115
Sprinkler+Spray 5 182
Sprinkler+Spray 6 349
Sprinkler+Spray 7 276
Sprinkler+Spray 8 182
Flood 1 245
Flood 2 380
Flood 3 263
Flood 4 62
Flood 5 336
Flood 6 282
Flood 7 171
Flood 8 98

In: Statistics and Probability

Marvin’s Milk Farm produces milk and sells it in a perfectly competitive market at $3 per...

Marvin’s Milk Farm produces milk and sells it in a perfectly competitive market at $3 per bottle. The following table shows Marvin's weekly total and marginal product schedules, using labor and capital. Assume that labor and capital may be used independently; that is, one is not needed for the other factor to be productive. Therefore, the total amount of milk that Marvin's produces is obtained by adding together the amount of milk produced by labor and the amount of milk produced by capital. The table also shows total revenue and marginal revenue products (MRP) of labor and capital. Finally, assume that Marvin's Milk Farm is a factor price taker in the labor and capital in markets. Labor costs $36 per week, and capital costs $72 per week.

Labor Total Product Marginal Product Total Revenue MRP of Labor
(Number of workers) (Bottles) (Bottles) (Dollars) (Dollars)
0 0
1 18 18 54 54
2 34 16 102 48
3 46 12 138 36
4 56 10 168 30
Total Product Marginal Product Total Revenue MRP of Labor
Capital (Bottles) (Bottles) (Dollars) (Dollars)
0 0
1 24 24 72 72
2 40 16 120 48
3 52 12 156 36
4 58 6 174 18

If Marvin’s Milk Farm wants to produce 70 bottles of milk per week, the least-cost combination of labor and capital is (1, 2, 3, or 4 units) of labor and (1, 2, 3, or 4 units) of capital.

The profit-maximizing combination of resources is (1, 2, 3, or 4 units) of labor and (1, 2, 3, or 4 units) of capital.

The profit-maximizing combination contains (the same amounts of labor and capital as, fewer units of labor and capital than, or more units of labor and capital than) the least-cost combination to produce 70 bottles of milk.

No essays or confusing explanations, please. Just answers.

In: Economics

Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,700....

Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,700. The printer is expected to have a four-year useful life and a $3,700 salvage value. The expected print production is estimated at $1,770,500 pages. Actual print production for the four years was as follows:

Year 1 550,700
Year 2 477,500
Year 3 375,300
Year 4 390,000
Total 1,793,500


The printer was sold at the end of Year 4 for $4,100.

b. Compute the depreciation expense for each of the four years, using units-of-production depreciation.


Depreciation Expense

Year 1

Year 2

Year 3

Year 4

Total accumulated depreciation$0

Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,700. The printer is expected to have a four-year useful life and a $3,700 salvage value. The expected print production is estimated at $1,770,500 pages. Actual print production for the four years was as follows:

Year 1 550,700
Year 2 477,500
Year 3 375,300
Year 4 390,000
Total 1,793,500


The printer was sold at the end of Year 4 for $4,100.

c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.


DDB =

Units-of-production=

In: Accounting

solve completely(complementary function and particular integral) pdes 1 (1+D^2-D')z = -8siny 2 (D-D'-D'^2)z =132xy^10+504x^2y^6 3 (D^2-4DD'...

solve completely(complementary function and particular integral) pdes

1 (1+D^2-D')z = -8siny

2 (D-D'-D'^2)z =132xy^10+504x^2y^6

3 (D^2-4DD' +4D'^2)z = x + y

4 (D^2-2DD'+ D'^2)z = e^2x-2y+x^2

In: Math