linear demand curve and a linear supply curve
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linear demand curve and a linear supply curve
- Please explain why you would expect that the intersection of a linear demand curve and a linear supply curve would lie in the first quadrant.
- Explain the difference between simple interest and compound interest.
- a. What is a set? Give an example.
- b. When are two sets equal? Give an example of two equal sets.
- c. What is an empty set?
- Explain the multiplication principle, and provide an example.
- 1. a. What is a permutation of a set of distinct objects?
- b. How many permutations of a set five distinct objects taken three at a time are there?
- 3. a. How many combinations are there of a set of n distinct objects taken r at a time?
- b. How many combinations are there of six distinct objects taken three at a time?
- Explain what is meant by an experiment. Give an example. For the example you have chosen, describe (a) a sample point, (b) the sample space, and (c) an event of the experiment.
- Define (a) a probability distributionand (b) a probability function. Give examples of each.
- What is the probability of an event E in a uniform sample space S?
- What is conditional probability? Illustrate the concept with an example.
- What is a random variable? Give an example.
- What does Chebychev’s inequality measure?
- 2a. What is the difference between a normal curve and a standard normal curve?
- If X is a normal random variable with mean and standard deviation, write P (a< X < b) in terms of the probabilities associated with the standard normal random variable Z.
- What does Theorem 1, page 526 in your textbook, allow us to do? (the book used for this course is Finite Mathematics 11th edition)
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