From the table below calculate GDP via expenditure and income methods.

                        Does Statistical Discrepancy exist (difference in GDP via both the methods)?

b          Calculate GNP.

c          Calculate national income and disposable personal income. What percentage of national income is disposable personal income?

d          What percentage of disposable personal income is consumption expenditure?

                                                                                                            (2+1+2+1)

On Sept 30th, 2011, Exxon Mobil (XOM) stock was traded at $72.63 while the December XOM put option with $75 exercise price is traded at $5.00 and the December XOM call option with $70 exercise price is traded at $5.60. The put option's delta is -0.65 and the call option's delta is 0.7.

A) On October 3rd, XOM stock price changed to $71.15 on Oct 3rd, what will be the values of the put and call options?

B) Consider a portfolio composed of:

1,005 XOM stocks

20 Dec XOM Call options

37 Dec XOM Put options

     What is the portfolio position delta?

C) Using the portfolio position delta, calculate the portfolio value before AND after the stock price change.

Intermediate Macroeconomic Question.

1. Given that the money supply is 1400, consumption equation is represented as:

C = 120 + 0.7 (Y-T),

investment equation is I=200-10r, where r is the real interest rate while Taxes (T) and Government expenditure are 200 and 400 respectively. The real money demand function is expressed as m/p=0.1y -100r (units in million)

i) Solve for equilibrium real output and equilibrium interest rate

ii) Assume that autonomous investment increases by 300, compute the investment multiplier and analyze the new impact on income and consumption.

b) Use the Mundell- Fleming to show that under perfect mobility and flexible exchange rates, fiscal policy is ineffective.

c) Discuss the key assumptions of the Mundell - Fleming model.

Let x = red blood cell (RBC) count in millions per cubic millimeter of whole blood. For healthy females, x has an approximately normal distribution with mean μ = 3.5 and standard deviation σ = 0.7. Express answers to 2 decimal places.

(a) Convert the x interval, x > 4.5, to a z interval.
z >  

(b) Convert the x interval, x < 4.2, to a z interval.
z <  

(c) Convert the x interval, 4.0 < x < 5.5, to a z interval.
< z <  

(d) Convert the z interval, z < –1.44, to an x interval.
x <  

(e) Convert the z interval, z > 1.28, to an x interval.
x >  

(f) Convert the z interval, –2.25 < z < –1.00, to an x interval.
< x <  

An oil exploration company currently has two active projects, one in Asia and the other in Europe. Let A be the event that the Asian project is successful and B be the event that the European project is successful. Suppose that A and B are independent events with P(A) = 0.7 and P(B) = 0.4.

(a) If the Asian project is not successful, what is the probability that the European project is also not successful?

Explain your reasoning.

Since the events are independent, then A' and B' are not independent. Since the events are not independent, then A' and B' are mutually exclusive.     Since the events are independent, then A' and B' are independent, too. Since the events are independent, then A' and B' are mutually exclusive.

(b) What is the probability that at least one of the two projects will be successful?


(c) Given that at least one of the two projects is successful, what is the probability that only the Asian project is successful?

In a test of the effectiveness of garlic for lowering​ cholesterol, 36 subjects were treated with raw garlic. Cholesterol levels were measured before and after the treatment. The changes​ (before minus​ after) in their levels of LDL cholesterol​ (in mg/dL) have a mean of 0.7 and a standard deviation of 20.1. Use a 0.10 significance level to test the claim that with garlic​ treatment, the mean change in LDL cholesterol is greater than 0. What do the results suggest about the effectiveness of the garlic​ treatment? Assume that a simple random sample has been selected. Identify the null and alternative​ hypotheses, test​ statistic, P-value, and state the final conclusion that addresses the original claim. What are the null and alternative​ hypotheses?

Determine the test statistic.

Determine the​ P-value.

1.14. A service facility consists of two servers in series (tandem), each with its own FIFO
queue (see Fig. 1.50). A customer completing service at server 1 proceeds to server 2,
while a customer completing service at server 2 leaves the facility. Assume that the
interarrival times of customers to server 1 are IID exponential random variables with
mean 1 minute. Service times of customers at server 1 are IID exponential random
variables with mean 0.7 minute, and at server 2 are IID exponential random variables
with mean 0.9 minute. Run the simulation for exactly 1000 minutes and estimate for
each server the expected average delay in queue of a customer, the expected time-
average number of customers in queue, and the expected utilization.

1. The table shows the mass of fibres in 100 grams of each food item below.

1. A small tin of beans contains 200 grams. If you are going to eat two-thirds (2/3) of this small tin of beans, how much fibres will you consume? Show your calculations.
2. List TWO functions of fibres in the diet.
3. What is the consequence of lacking in fibres in the diet? (1 mark)
4. Potatoes contain carbohydrates. Which form of carbohydrate do they contain? (1 mark)
5. Briefly describe the digestion of this form of carbohydrate described in (iv) in mouth and small intestine before absorption.

Given data from a completely randomized design experiment:

Treatment 1 = {3.8, 1.2, 4.1, 5.5, 2.3}

Treatment 2 = {5.4, 2.0, 4.8, 3.8}

Treatment 3 = {1.3, 0.7, 2.2}

a.) Calculate the treatment means and variances for each of the 3 treatments above.

b.) Use statistical software to complete the ANOVA table.

c.) In words, what is the null and alternative hypotheses for the ANOVA F-test?

d.) Test the null hypothesis that µ1=µ2=µ3against the alternative hypothesis that at least two means differ. Use α = .01.

e.) Explain in words what the ANOVA test tells us about the equality of treatment means?

Consider the following US treasury rate table expressed in percentage.

What is the the yield to maturity of a 2 year 5% bond with annual payments? (Hint: Use the General Formula to find the price first, then compute the yield to maturity)