Reference no: EM13909468
A town starts a mosquito control program and the rv Zn is the number of mosquitoes at the end of the nth year (n = 0, 1, 2, .. .). Let Xn be the growth rate of the mosquito population in year n; i.e., Zn = XnZn-1; n ≥ 1. Assume that {Xn;n ≥ 1} is a sequence of IID rv s with the PMF Pr{X=2} = 1/2; Pr{X=1/2} = 1/4; Pr{X=1/4} = 1/4. Suppose that Z0, the initial number of mosquitoes, is some known constant and assume for simplicity and consistency that Zn can take on non-integer values.
(a) Find E [Zn] as a function of n and find limn→∞ E [Zn].
(b) Let Wn = log2 Xn. Find E [Wn] and E rlog2(Zn/Z0)l as a function of n.
(c) There is a constant α such that limn→∞(1/n)[log2(Zn/Z0)] = α WP1. Find α and explain how this follows from the SLLN.
(d) Using (c), show that limn→∞ Zn = β WP1 for some β and evaluate β.
(e) Explain carefully how the result in (a) and the result in (d) are compatible. What you should learn from this problem is that the expected value of the log of a product of IID rv s might be more significant than the expected value of the product itself.
Text Book: Stochastic Processes: Theory for Applications By Robert G. Gallager.
Types of bonding orbitals and bonds
: 1) From the periodic table choose any element and describe the types of bonding orbitals and bonds that comprise C-C and C=C bonds.(Information should include details of both single and double bond)
|
The dividend should grow rapidly
: Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Microtech to begin paying dividends, beginning with a dividend of $2.00 coming 3 years from toda..
|
Evaluate implications of this volume to value shift
: Analyze the current economic shift from volume-based health care to value-based health care. What economic principles (macro and micro) are driving this shift?
|
Comment on the similarities or differences in the ratio
: Piaggio, Polaris, and Arctic Cat are competitors in the global marketplace. Selected data for Piaggio follow.
|
Find constant a and explain how this follows from the slln
: There is a constant α such that limn→∞(1/n)[log2(Zn/Z0)] = α WP1. Find α and explain how this follows from the SLLN. Using (c), show that limn→∞ Zn = β WP1 for some β and evaluate β.
|
If the discount rate is infinite and zero
: An investment has an installed cost of $535,800. The cash flows over the four-year life of the investment are projected to be $213,850, $230,450, $197,110, and $145,820. If the discount rate is infinite, what is the NPV?
|
What methodology, if any, is currently in use
: Consider an organization you're familiar with. If you were benchmarking the logistical functions of this organization, what methodology would you use? What methodology, if any, is currently in use? Comment upon its appropriateness. Please support ..
|
What is the value of martell minings stock
: Martell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 9% pe..
|
What is the stocks expected price
: A stock is expected to pay a dividend of $2.00 the end of the year (that is, D1 = $2.00), and it should continue to grow at a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 1 years from today?
|