Professor Mumford mumford@purdue.edu Econ 360 - Fall 2012 Problem Set 1 Answers True/False (30 points) 1. FALSE If (ai ‚ bi ) : i = 1‚ 2‚ . . . ‚ n and (xi ‚ yi ) : i = 1‚ 2‚ · · · ‚ n are sets of n pairs of numbers‚ then: n n n (ai xi + bi yi ) = i=1 i=1 ai x i + i=1 bi yi 2. FALSE If xi : i = 1‚ 2‚ . . . ‚ n is a set of n numbers‚ then: n n n n n (xi − x) = ¯ i=1 n i=1 2 x2 i − 2¯ x i=1 xi + i=1 x = ¯ i=1 2 x2 − n¯2 x i where x = ¯ 1 n i=1 xi 3. TRUE If xi : i = 1‚ 2‚ . .
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6/28/2012 Number Systems Chapt. 2 Common Number Systems System Base Symbols b l Used by humans? Used in computers? Decimal 10 0‚ 1‚ … 9 Yes No Binary 2 0‚ 1 No Yes Octal 8 0‚ 1‚ … 7 No No Hexadecimal 16 0‚ 1‚ … 9‚ ‚ ‚ ‚ A‚ B‚ … F No No 1 6/28/2012 Quantities/Counting (1 of 3) Decimal 0 1 2 3 4 5 6 7 Binary 0 1 10 11 100 101 110 111 HexaOctal decimal 0 0 1 1 2 2 3 3 4 4
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forecast five and ten years out in order to identify theneeds of the customer and potential disruptors. Find unresolved problems from the customer’s stand- point and resolve them without overshooting. Use “associationalthinking” by finding similar solutions to other problems to apply to your niche. (Anthony‚2012)4. What did you learn from the
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The Phyco-Solution Algae are emerging to be one of the most promising long-term‚ sustainable sources of biomass and oils for fuel‚ food‚ feed‚ and other co-products. What makes them so attractive are the large number and wide variety of benefits associated with how and where they grow. Nearly all these benefits stem from the fact that these plants have evolved over billions of years to produce and store energy in the form of oil‚ and they do this more efficiently than any other known natural or
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Workshop 3 Interest Rates and Bond Valuation Terminology • Face value/par value - the original issue price (the amount borrowed). • Maturity date - date on which loan has to be repaid. • Coupon interest rate - original interest rate on the bond. • Coupon payment - the fixed interest payment on the bond. • YTM=required rate of return. Bonds pay fixed coupon payments at fixed intervals and the face value at maturity. there is an inverse relationship between the price of an investment
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Maximum Points: 60 Grade: Let G be the smaller number between 6 and (achieved points+10)/10 Round G exactly to quarters of a grade to get your grade. Examples: 32 points give a 4.25‚ 31 points give a 4 Solution to Homework Set 1 Managerial Economics Fall 2011 Conceptual and Computational Questions 4 points 2. What is the maximum amount you would pay for an asset that gen- 2 pt for a erates an income of $150‚000 at the end of each of five years if the reasonable formula‚ opportunity cost of using
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eCommerce courses – a teaching report Kai Riemer The University of Münster‚ Germany wikari@wi.uni-muenster.de Abstract In this teaching report I demonstrate the use of the so-called beer distribution game in teaching business-to-business eCommerce courses. The beergame is a role-play supply chain simulation game that lets students experience typical coordination problems of (traditional) supply chains without information sharing and collaboration. With this paper I want to show how the beergame can be used
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Precious Hembry Ms. Wilson ENG 105 – 09 13 November 2013 Abortion: The Solution. The streets of Ireland are overpopulated with beggars and their children. As a result‚ Jonathan Swift proposed mother’s sell their children to be ate. Swift says his proposal will reduce the country’s overpopulation and keep the children from becoming a burden on their parent’s. However‚ Swifts proposal does not focus on ways to benefit the mother’s in these dire straits; therefore‚ the mother’s should choose
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Video game controversies are unresolved societal and scientific arguments about whether or not the content of video games can change the behavior and attitudes of a player. Since the early 1980s‚ advocates of video games have emphasized their use as an expressive medium‚ arguing for their protection under the laws governing freedom of speech and also as an educational tool. Detractors argue that video games are harmful and therefore should be subject to legislative oversight and restrictions. The
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ECON112 Macroeconomics Problem Set 1 *Solution* By Yao Amber Li Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) ------------------------------------------------------------------------------------------------------------------------------------ 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument. (10 marks‚ 2 marks each) One mark is for correct judgment. One mark is for correct argument. 1. GDP is the value of all goods and services produced
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