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Quantitative Analysis for Management
Quiz 21: Calculus-Based Optimization
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Question 21
Multiple Choice
The second derivative of 7x
4
+ 6x
3
+ 5x + 3 is
Question 22
Multiple Choice
The slope of the line Y = 3
+
+ 17 when X = 3 is
Question 23
Multiple Choice
The Dow Jones index reached dizzy heights of 22,000 but sadly the market was now in free fall thanks to an ill-phrased tweet.Free fall is governed by the equation S =
+
t +
where S
0
is the initial position, in this case 22,000, and V
0
is the initial velocity, in this case 0.Acceleration due to gravity is represented in the equation with the letter a, which has the value a = 32.2.The time in seconds is given by the letter t.How fast is the Dow Jones index dropping one minute after the tweet?
Question 24
Essay
Where are the critical points for the function y = 8
- 16
- 8x -12? What is the maximum of this function?
Question 25
Short Answer
Find the slope of the line Y = 4X-3 at the point where X = 17.
Question 26
Multiple Choice
The critical point for the function y = 7x
2
- 7x + 4 lies at
Question 27
Multiple Choice
The slope of the line Y = 4X-3 is
Question 28
Multiple Choice
Profit for the Dew Drop Inn Country Diner is given by p = -0.1q
2
+ 1.80q + 100, where p is profit and q is the number of customers.What number of customers maximizes profit?
Question 29
Multiple Choice
The critical points for the function y = 8
- 16
- 8x - 12 are at
Question 30
Essay
Through rigorous quantitative analysis, Geoff develops a trading algorithm that will permit him to gain a competitive advantage over his previous dartboard method of selecting stocks.What he has noticed is that a stock's value at the end of the month can be accurately forecast using the equation Price
END
=
+ Price
START
where Price
START
is the stock price at the start of the month and x is the number of days until the next full moon.At what point in time will the stock be at its maximum and minimum? If SBUX is trading at $50 per share at the start of the month, what profit can Geoff realize if he buys 100 shares at its minimum price and sells all 100 shares at its maximum price.Assume Geoff pays a $10 fee for the buy order and another $10 for the sell order.
Question 31
Multiple Choice
The second derivative of 8
+ 7
+ 3x + 9 is
Question 32
Multiple Choice
Find the point at which the following function is a maximum:
- 2x
2
+ 3x + 6.
Question 33
Essay
What is the second derivative of 7
+ 6
+ 3
+9?
Question 34
Multiple Choice
The derivative of
is