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**University of Toronto at Mississauga
**

MAT 133Y Final Examination

May 07, 2004

Time 9:00am – 12:00 Noon

**Fill in the following information in INK!
**

Last Name: ______________________________________

Given Name: ______________________________________

Student #: _________________________________________

Tutor’s J.I. S.L. J.C. W.N. L.W. N.H. J.T.

Name

Tutorial No.

(Please Circle your Tutor’s initials and enter the tutorial number)

Instructions

Only Scientific Calculators are allowed, graphic Calculators are not allowed.

Table for Normal distribution is attached. No other aids.

There are 8 questions in total. You may solve them in any order.

Questions 1 and 3 are multiple choice questions, please circle the answer.

Write all your answers carefully and in an organized manner in the space provided.

There are 18 stapled pages to this test. Do not remove the staples. Make sure you have

all the pages.

Qn: # Mark Score

1 14

2 15

3 13

4 12

5 11

6 9

7 8

8 8

Total 90

(b) $1527.52.1(i) An interest rate of 8% compounded semiannually corresponds to an effective rate of (a) 8% (b) 8. Multiple Choice Question. If the investment earns interest at the rate of 16% compounded quarterly.40.16% (c ) 8. (d) $1917.000 in a business venture that guarantees the same cash flow at the end of every quarter for four years.2031% (d) 9. only circle exactly one of the choices (3 + 4 + 4 + 3 = 14 marks) Q.39. (c)$1716.Name: Student No.23 .1(ii) Suppose a person invests $20.40.2456% (e) 12% Q. (e) $2341.: MAT133Y5Y page 2 of 18 Question 1. then each cash flow is (a) $916.

: MAT133Y5Y page 3 of 18 Q.2% compounded monthly. The monthly payment for this loan is .82 (d) $ 641. (a) $ 1529.1(iv) The Martins amortize a loan of $150.46 (b) $ 1927. $2000 in 6 years.84 Q. $2000 in 3 years. is instead to be paid off by four payments: $3000 now. the payment is (a) $1282.Name: Student No.1(iii) A debt of $12.91 (b) $5000. If an interest rate of 5.000 for a new home by obtaining a 40-year mortgage at the rate of 10.32 (d) $1676.000.23 (c) $ 1297. which is due 10 years from now. and a final payment at the end of 8 years.82 (e) None of the above .00 (c) $ 2565.46 (e) $ 1378.5% compounded semiannually is assumed.

If a unit is randomly selected from this run and it has a faulty weld. Multiple Choice Question.2(ii) The probability of rolling the same number in four throws of a fair die is (a) 1/16 (b) 1/36 (c) 1/216 (d) 1/1296 (e) 4/6 .2 (i) After a production run. what is the probability that it also has a defective paint job? (a) 1/20 (b) 1/10 (c) 1/2 (d) 1/3 (e) 1/5 Q. only circle exactly one of the choices . (3 + 3 + 3 + 3 +3 = 15 marks) Q.Name: Student No. it was found that 10% of the units produced had a faulty weld and 5% had both a defective paint job and a faulty weld.: MAT133Y5Y page 4 of 18 Question 2.

X+ Y – Z = 0 2X + 7Y + Z = 1 5X – Y –6Z = 4 Then y is given by the matrix equation y = 1 −1 0 1 0 −1 2 1 1 2 1 1 5 −1 4 5 4 −6 (a) (b) 1 1 −1 1 1 −1 2 7 1 2 7 1 5 −1 − 6 5 −1 − 6 0 −1 1 1 1 −1 1 1 2 2 7 1 4 −6 5 5 −1 − 6 (c) (d) 1 0 1 0 1 1 2 1 −1 1 2 −1 5 4 6 4 5 6 1 1 −1 0 7 1 5 −1 − 6 (e) 1 0 −1 2 1 1 5 4 −6 .: MAT133Y5Y page 5 of 18 Q.2(iii) If you are using the Cramer’s rule to find the value of y in the following simultaneous equations.Name: Student No.

2(v) If X has density function f(x) = .: MAT133Y5Y page 6 of 18 Q.0 ≤ x ≤ 1 . 3 = 0 otherwise. find X 0 such that the probability P(X < X 0 ) = 0. (a) 0 (b) 1/2 (c) 1/6 (d) 1 (e) 6 .Name: Student No.2(iv) If X is normally distributed with mean µ = 50 and the standard deviation σ = 10. X 0 is given by one of the following: (a) 25 (b) 50 (c) 75 (d) 80 (e) 100 kx Q.9938. the value of k is given by.

(4.4). (2.1). 5 4 3 y 2 1 0 0 2 4 6 x . between x = −1 and x = 2 .Name: Student No. (5.1). 5 (b) Use the trapezoidal rule (and all the information shown)to estimate ∫ f ( x)dx 1 where f(x) is a function whose graph contains the points (1.3).2).: MAT133Y5Y page 7 of 18 Question 3(4+3+6 = 13 marks) (a) Compute the area of the region bounded by the graphs of y = x and y = x 2 − 2 . (3.

Find the mean µ .: MAT133Y5Y page 8 of 18 (c) Suppose X is the continuous random variable with density function ⎧ x if 0 ≤ x ≤ 1 f ( x) = ⎨ .Name: Student No. ⎩ 2 − x if 1 ≤ x ≤ 2 2 1 Y 0 0 1 2 3 X . and variance σ 2 .

: MAT133Y5Y page 9 of 18 Question 4(4+3+3+2 = 12 marks) Find the following antiderivatives . 4x − 3 (a) ∫ ( x + 1)( x − 5) dx .Name: Student No.

Name: Student No.: MAT133Y5Y page 10 of 18 (b) ∫ x In( x)dx (c) Use separation of variables to solve for the function y = f (x) which satisfies the dy differential equation = x 3 e −4 y and the initial condition f (1) = 1 . dx . Find f (2) .

−2 .: MAT133Y5Y page 11 of 18 1 ∫x 2 (d) Compute the definite integral. x dx . Give answer to three significant digits.Name: Student No.

For each critical point use the second derivative test to determine if it corresponds to a relative minimum. y ) = 2 In( x.Name: Student No.: MAT133Y5Y page 12 of 18 Question 5(6+5 = 11 marks) (a) Find the critical points of the function f ( x. relative maximum or neither. y ) + 3 x 2 − 2 xy − 24 x . .

Name: Student No. and ∂s evaluate this at s = 5 and r = 1. . Use a chain rule to find . y = r + s .: MAT133Y5Y page 13 of 18 ∂z (b) Let z = x 2 + y 2 − 5 where x = rs.

1. Justify your answer. . 2. Calculate the marginal revenue when q = 100. Calculate the output level that will maximize revenue.: MAT133Y5Y page 14 of 18 Question 6 (5+4 = 9 marks) A certain product has a demand equation given by p = e − q / 100 .Name: Student No. .

Calculate: 1. . It is estimated that the client retention rate of product A is 80% on an annualized basis.Name: Student No. The market share of each product after two years. 2.: MAT133Y5Y page 15 of 18 Question 7 (4+4 = 8 marks) A certain substitute product B is introduced to compete with a monopolistic product A (which has a market share of 100%). and the client retention rate for product B is 60% on an annualized basis. The steady-state market share distribution.

000 each. B and C to 350.Name: Student No. Each car uses one A. Calculate the output for cars and trucks that will maximize revenue. at $60. and trucks.: MAT133Y5Y page 16 of 18 Question 8 (8 marks) A car manufacturer produces two types of vehicles: cars. Problems with a supplier limit the availability of three key components A. at $30. 4 units of part B. and one C.000 each. 1. .000 and 150 respectively. whereas trucks use 3 units of part A. two B and three C.

: MAT133Y5Y page 17 of 18 .Name: Student No.

: MAT133Y5Y page 18 of 18 .Name: Student No.

n number of periods Ordinary Annuity (1 − (1 + r ) − n ) A=R (present value) r (1 + r ) n − 1 S=R (future value) r Annuity Due ⎛ 1 − (1 + r ) − n +1 ⎞ A = R⎜⎜1 + ⎟⎟ (present value) ⎝ r ⎠ ⎛ (1 + r ) n +1 − 1 ⎞ S = R⎜⎜ − 1⎟⎟ (future value) ⎝ r ⎠ The number of permutations of n objects taken r at a time is given by: n! nPr = (n − r )! The number of combinations of n objects taken r at a time is given by n! nC r = r! (n − r )! Newton’s Method f ( xn ) x n +1 = x n − n = 1. 2. List of Formulae S – compound amount or future value P – Principal. … f ' (xn ) . r periodic rate.

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