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Upper and Lower Bounds of Options

Assessing Control Risk and Upper Deviation

6.Based on a 5% risk of assessing control risk too low, how would an auditor interpret a computed upper deviation rate of 7%? A)The auditor is willing to live with a deviation rate of 7% before deciding not to rely on the control. B)There is a 5% chance that the deviation rate in the population is less than 7%. C)There is

Branching tree for the binomial model

A branching tree for the binomial model: A. should capture all possible futures paths for the asset. B. has a move down followed by a move up on a subsequent branch to end at the same value as the reverse path. C. has a move down followed by a move up on a subsequent branch to end at a lower value than a move up then a m

Intermediate Accounting

Assume in each case that the selling expenses are $8 per unit and that normal profit is $5 per unit. Calculate the limits in each case. Then enter the amount that should be used for lower or cost or market. Selling price Upper Limit Replacement cost Lower limit Cost LCM a) $54

You want to set control limits for the proportion of records with errors. Using 99.7% control limits, what are the upper and lower control limits for the proportion of records with errors?

Data entry clerks at ARCO key in thousands of insurance records each day. Each day random samples of the work of the clerks were collected. The results are shown in the table below. Two hundred records were sampled daily and examined for errors. The number of records with errors was counted. Day Number of Records with E

Value inventories

Why is it necessary to value inventories using the lower of cost or market? Given an example where this would be necessary.

Bounds for analytic functions

If p(z)=a0+a1z+.....+anz^n ia a polynomial and max|p(z)|=M for |z|=1, show that each coefficient ak is bounded by M. Note:(a0 means a subscript 0, a1z means a subscript 1 times z, anz^n means a subscript n times z to the n power, and ak means a subscript k)

Lower Measures

True or False problem. m_* (A) = Sup sum_i | M_i| ( U M_i is subset of A) Where m_* is the inner measure M_i doesn't equal M_j for i doesn't equal j ( i.e, they are disjoint) Prove it or show a counterexample and explain it to show how the equality doesn't hold.

Lower Hemicontinuity

Please determine whether or not the 2 correspndences is lower hemicontinuous and please justify why (using definition/proof of lower hemicontinuity): 1)F:R^2->R^2, F(u)={x: x o u =0} 2)F:R^n{0}->R^n, F(x)=B(x;||x||), the closed ball centred at x with radius ||x||. Thanks Note: o is the dot product is the complem

1) What courses of action might be appropriate for the plant manager and his controller relating to (a) estimating costs, and (b) application of the lower of cost or market rule? 2) What is the significance of progress payments/advanced payments and escalation clauses on the performance of the operation

The Pump Division The Pump Division has one plant dedicated to the design and manufacture of large, highly technical, customized pumps. Typically the contract life (production cycle) is one to three years. Most original equipment (OE) orders are obtained by preparing and submitting a bid proposal from a cost estimate analysis

Bessel and Legendre's Equations - Finding Lower Bound

The problem is to determine a lower bound for the radius of convergence for the two following equations. I am able to get p(x) and q(x) for both equations, but I'm confused on how to proceed. I would like to see the problem worked out and what the lower bound is.