Find the sequence of perfect in- and out-shuffles that will move
the top card of a...
Find the sequence of perfect in- and out-shuffles that will move
the top card of a 52-card deck to position 18. (Recall that
positions are indexed beginning at 0.) Give your answer as a
sequence like "IOII" (without the quotes), which would stand for
"in, out, in, in." Can someone show me how to calculate this and
put it in the correct way?
1.
A casino dealer scans a well-shuffled 52-card deck, one card at
a time.
a. Find...
1.
A casino dealer scans a well-shuffled 52-card deck, one card at
a time.
a. Find the probability that the card number 9 is the first king
that she sees. Include at least 4 digits after the decimal point in
your answer.
2
A cohort of 45 football players, including Jill and Jack, are
randomly divided into three teams of equal size.
a. What is the probability that Jill and Jack end up in the same
team? Include at least...
Assume that the price of a stock is $50 at the beginning of
the year, the...
Assume that the price of a stock is $50 at the beginning of
the year, the risk-free rate is 6% (assumed constant, continuously
compounding) and a $2 dividend is to be paid after a half
year.
(a) Determine the current forward price F (0, 1) maturing in
one year.
(b) For a short position in forward maturing in one year, find
the expected value of the
forward after 9 months if at that time the stock price turns
out to...
Suppose you are playing a game of five-card poker where you are
dealt a hand of...
Suppose you are playing a game of five-card poker where you are
dealt a hand of 5 cards from a standard deck of 52 playing cards.
Each card has one of 13 values, 2,3,…,10,J,Q,K,A2,3,…,10,J,Q,K,A,
and one of 4 suits, ♡,♢,♠,♣♡,♢,♠,♣
A hand called a royal flush consists of cards of
the values 10,J,Q,K,A10,J,Q,K,A, all from the same suit. For
instance, a royal flush with hearts would be
10♡,J♡,Q♡,K♡,A♡10♡,J♡,Q♡,K♡,A♡.
Now, actually getting a royal flush in poker is incredibly rare (in...
A group of five friends are playing poker one night, and one of
the friends decides...
A group of five friends are playing poker one night, and one of
the friends decides to try out a new game. They are using a
standard 52-card deck. The dealer is going to deal the cards face
up. There will be a round of betting after everyone gets one card.
Another round of betting after each player gets a second card, etc.
Once a total of 7 cards have been dealt to each player, the player
with the best...
1. Consider the general form of the utility for goods that are
perfect complements.
a) Why...
1. Consider the general form of the utility for goods that are
perfect complements.
a) Why won’t our equations for finding an interior solution to the
consumer’s problem work for this kind of utility? Draw(but do not
submit) a picture and explain why (4, 16) is the utility maximizing
point if the utility is U(x, y) = min(2x, y/2), the income is $52,
the price of x is $5 and the price of y is $2. From this picture
and...
A few years back, Dave and Jana bought a new home. They borrowed
$230,415 at an...
A few years back, Dave and Jana bought a new home. They borrowed
$230,415 at an annual fixed rate of 5.49% (15-year term) with
monthly payments of $1,881.46. They just made their twenty-fifth
payment and the current balance on the loan is $208,555.87.
Interest rates are at an all-time low, and Dave and Jana are
thinking of refinancing to a new 15-year fixed loan. Their bank has
made the following offer: 15-year term, 3.0%, plus out-of-pocket
costs of $2,937. The...