11. Tire pressure. Here we always work with relative pressure. That s what everybody always does.

Size: px
Start display at page:

Download "11. Tire pressure. Here we always work with relative pressure. That s what everybody always does."

Transcription

1 11. Tire pressure. The graph You have a hole in your ire. You pump i up o P=400 kilopascals (kpa) and over he nex few hours i goes down ill he ire is quie fla. Draw wha you hink he graph of ire pressure P agains ime should look like. 400 P I hrow his quesion ou o he class and hey draw a graph like ha a he righ. [They learned heir waer-ank lesson well.] As air flows ou, P decreases, bu as he pressure in he ire ges less, here s less force pushing he air ou and so he air will flow ou more slowly, so herefore he pressure will go down more slowly. Tha seems o make he graph concaveup. Evenually he pressure drops o zero and he graph his he -axis. The problem I give hem now is o consruc a model for he P- relaionship. Tha is, you are required o use wha undersanding of air pressure you already have, or can acquire, o deermine exacly how he pressure in he leaking ire should change over ime, and hence find he form of an equaion relaing P o. Le s sar wih a conjecure. Wha sor of equaion do you hink i migh be? Isn i a parabola? Why would you hink ha? Remember he waer ank experimen? We go a parabola ou of ha, and isn his really he same hing? Is i? Is a ire he same as a waer ank? Grea nosalgia for me when hey ask his quesion because I am reminded of a cerain Sunday afernoon, long ago, when I was young and green and hinking abou his very quesion, he waer ank and he ire boh wih a small hole, how hey were he same and how hey were differen. And a one poin I convinced myself ha hey should be prey much he same and ha he air pressure graph should herefore a parabola. 0 Relaive and absolue pressure When you pu your pressure gauge on he ire you read 400 kpa and you hink ha s he pressure inside bu you re wrong. I s acually 500 kpa. The gauge measures pressure relaive o he ouside air, and ambien air pressure is 100 kpa. If you ook he same ire ino ouer space, he gauge would read 500 kpa. Here we always work wih relaive pressure. Tha s wha everybody always does. And ha s all very well, bu he rouble was ha I had anoher compleely reasonable argumen ha i wasn a parabola, an argumen ha was prey imporan o me because i was based on my concepion of wha air really was, a whole collecion of iny randomly moving molecules. So was I abou o lose his long-held concepion? I was in quie a quandary and had o call up one of my physics profs o ge my hinking sraigh. Read on! 11. ire pressure 1

2 Is a ire he same as a waer ank? Le s sar wih he waer ank. The waer ges pushed ou of he hole because of he pressure, and ha s deermined by he amoun of he waer in he ank, and as he waer flows ou he pressure ges less so he flow rae decreases. Now ha s wha happens in he ire as well. The air ges pushed ou because of he pressure, and ha s deermined by he amoun of air in he ire, and as he air flows ou he pressure ges less so he flow rae decreases. There seems o be a big similariy here. Bu i urns ou ha waer and air are differen in an essenial way. Waer pours ou of a hole in he ank in quie a differen way from he rush of air ou of a hole in he ire. And he difference, in a word, is graviy! The main facor behind he flow of waer ou of he ank is he force of graviy. For example i makes a difference o he flow rae wheher he hole is a he boom of he ank or half-way up. Bu for he ire, he force of graviy is negligible i doesn maer wheher he hole is a he op or he boom of he ire he flow rae will be he same. Le s ge down o basics. The air in he ire consiss of a large number of molecules, which are consanly in moion. Now wha happens when one of hose molecules his he inside surface of he ire? Well, i bounces off. And in fac ha s wha causes he pressure in he ire. When you poke he ire and push i in, why does i pop back ou when you ake your finger off? because all hose molecules are colliding wih he inside surface of he ire and pushing i back. Now. Wha happens if here s a hole so ha a molecule heading for he inside surface of he ire his he hole insead? Well i shoos ou and escapes. And ha s wha causes he flow ou of he hole. Surprisingly enough, ha s all here is o i. Every molecule ha flows ou is one ha was heading for he surface of he ire, minding is own molecular business, and found a hole insead. I lead my sudens hrough his analysis wih as lile promping as possible. In fac I am impressed by how much hey seem o be able o do, a leas he ones who are prepared o conribue. The sudens have a endency o hink of he ire as a balloon, wih he air being pushed ou because of he elasic force of he ube as i conracs. Bu when he ube is imprisoned inside he ire, i doesn srech as i ges filled. If i did, i would be weaker. So i s no like a balloon a all. In fac i s beer o hink of he ire as a rigid srucure made of hard plasic wih air pressure inside. Pu your finger jus above he hole and feel ha lile je of air. Those molecules are jus escaping by chance? Wow. Jus o emphasize he difference, suppose we ook he waer ank ou ino space where here was no graviy. Then here d be nohing o sop he waer molecules from wandering around he inside of he ank and we d have o pu a lid on he ank or hey d wander ou he op. Bu wha abou he hole? Well hey d wander ou of ha oo, in jus he same way ha he air molecules wandered ou of he hole in he ire. And in his case, he z-curve of he amoun of waer remaining in he ank wouldn be a parabola anymore, i would be he same kind of curve as we ge for he ire. 11. ire pressure 2

3 So wha is he air pressure curve anyway? I s ime o ask jus wha he ire curve migh be. Consider he following quesion. Suppose your ire has a small leak. A one poin you measure he pressure o be 400 kpa. Suppose over he nex minue i drops o 384 kpa a loss of 16 kpa. Now you leave i for a while unil i s dropped o 200 kpa. Half of wha i sared wih. So here s he quesion How much will i lose in one minue now? I hrow his problem ou o he class and am impressed by how many of hem ge i righ and even seem o have a good feeling for he reason. Tha s he nice hing abou molecules hey re quie inuiive. Well, here s a simple argumen. We need o hink in erms of our model he reason ha molecules escape from he hole is ha hey happen o encouner i in heir random moion. When he pressure is 200, here s half as many molecules in he ire as here were when i was 400, so here will be half as many collisions wih he hole, so he flow rae ou should be cu in half. So insead of losing 16 kpa in he nex minue, i loses 8. And so forh. When i has dropped o 100 kpa, i will lose 4 kpa in he nex minue. Wha his argumen is really saying is ha he amoun los in a minue ough o be always in proporion o he amoun in he ire a he sar of he minue. A formula for P. Well, ha s a beauifully simple argumen, and we can even ge an equaion ou of i. Le s firs formulae his air loss principle precisely. Wha have we said? Tha he pressure loss over a one minue inerval is proporional o he pressure a he sar of he minue. Alernaively saed: every minue he ire pressure drops by a fixed percenage. Wha is his percenage for our hypoheical example? Well, when P = 400, he loss is 16, and when P = 200, he loss is 8, and when P = 100, he loss is 4, so he 1-minue loss is always 4% of he saring pressure. Thus: every minue he ire pressure drops by 4%. Does his give us a formula? Yes i does. Think in erms of he muliplier. A 4% loss is he same as muliplicaion by 96%, so ha every minue he pressure muliplied by 0.96 If he pressure sars a 400, hen afer minues i will be: P() = 400(0.96). We have our P-funcion! Our pressure loss curve is no a parabola i s an exponenial decay funcion. Parabola and exponenial An ineresing ake on he difference beween hese wo modes of decrease is o ask how he flow rae ou of he hole depends on he amoun in he vessel. For he ire (exponenial decay), as we now see, he flow rae ou is proporional o he pressure iself. Wha abou he waer ank (parabola)? In his case he flow rae ou is proporional o he square roo of he waer deph. In he firs case, he flow rae will be cu in half when he pressure is halved. In he second case, o cu he flow rae in half we have o cu he amoun of waer o ¼. 11. ire pressure 3

4 Experimen. The quesion we are sudying is how he pressure P in your ire goes down if here s a small leak, and in he las secion we developed an exponenial decay model. I s ime o perform an experimen o check his ou. In fac i s no so easy o work wih a ire. The problem is ha he very ac of measuring he pressure alers is value (hiss!) and for somehing as small as a ire his can be significan. So we used an old car ire insead which we go from a garage. We pumped i up o 400 kpa (ha s a very hard car ire hey are normally jus over 200) and one of he sudens drilled a hole ino he side wih a small drill, and i worked perfecly. Wih a large ire, he amoun of air los in he ac of measuring he pressure is negligible relaive o he amoun in he ire. In fac he pump we used had an in-line gauge and all we had o do was monior ha. We used he ire in anoher class a couple of days laer and he hole had o be poked, bu i worked fine again. The ire now sis in a safe place in he school and is a resource for all ime. Ever school should have an old car ire. We ook readings every 5 minues for an hour. The daa are recorded below and ploed a he righ. The gauge was such ha one could ake a reading accurae o 5 kpa. ime (min) pressure P (kpa) Who wans he drill? I held he elecric drill up in he air and asked who waned o drill he hole. We had expeced a grea rush o he fron bu here was sillness. Hasn everybody always waned o drill a hole in a car ire? Perhaps hey were jus awed by he prospec. Of course afer a few momens here was a graifying response P The graph cerainly looks reasonable. I has he concave-up shape ha our heoreical model prediced. Now wha do we wan o do wih i? We wan o es wheher i has he exponenial form. 11. ire pressure 4

5 Tesing he exponenial model Now we es wheher our daa has he exponenial form: P = ac. So how do we do ha, and how do we find he righ values of a and c? A sandard calculaion shows ha P will be an exponenial funcion of ime if he logp graph is a sraigh line. So we abulae and plo logp. This is done below. And holy cow he poins do lie in a quie a wonderful sraigh line. We can conclude ha he P- daa is exponenial. Of course, his log ransform resul is no somehing you need o remember. Beer o reconsruc i each ime by hiing he arge equaion wih he log funcion. P = ac logp = log(ac ) logp = (loga) + log(c ) logp = (loga) + log(c). This ells us ha logp is linear in. P logp logp We fi a rend-line and ge he equaion: logp = Now o ge he P-equaion we exponeniae wih base 10: P = = = ( ) = 385 (0.974) Noe ha he saring value (=0) ha he formula gives us is p=385. Tha suggess ha a he beginning we didn ge he ire quie up o 400. And wha is he percenage loss ha our formula predics? In each minue he pressure is muliplied by a 2.6% loss per minue logp Acually ha saring value of 385 is no acually such a big error from our measured 400. The relaive error, 15/385, is only 4%, and if you abulae he exponenial formula you ll find ha some of he oher poins have almos he same inaccuracy.] 11. ire pressure 5

6 Problems 1. A he momen (=0) my ire has pressure P = 300 kpa, bu i has a slow leak and loses 5% of is pressure every hour. (a) Wha will is pressure be afer en hours (=10)? [Answer: ] (b) Find a formula for P afer hours. [Answer: P = 300(0.95).] (c) A wha ime will P = 150 kpa? [Answer: =13.5 h.] 2. A he momen (=0) my ire has pressure 360 kpa, bu i has a slow leak and loses 2% of is pressure every hour. (a) Wha will is pressure be afer one hour (=1)? (b) Wha will is pressure be afer five hours (=5)? (c) Find a formula for is pressure P afer hours. (d) Wha is he percenage loss in pressure over a en hour period? (e) How long unil he pressure drops o 10 kpa? 3. My bike ire has pressure 360 kpa, bu afer a week his has fallen o 320 kpa. (a) Wha will i be afer anoher week? (b) Find a formula for he pressure P afer weeks. (c) I can be bohered o fix he ire and I refuse o ride i when i s below 100 kpa and I don have a pump and I can only go o he gas saion once a week on Saurday mornings, and you have o pay 25 cens for air, so I only fill i up when I have o. Assuming ha each pump-up brings i up o 360 kpa, how long is he inerval beween pump-ups? 4. The daa on he lef was colleced from a leaking ire. Plo logp agains and deermine ha his daa lies in a reasonable sraigh line. Draw he bes-fi line, eiher wih eyeball and ruler or wih a regression rouine, and find is equaion and ransform his equaion ino an exponenial equaion for P. 5. I measure my car ire pressure a noon, a 1 PM and a 2 PM. During he firs hour i los 30 kpa and during he second hour i los 26 kpa. Wha was he pressure a noon? 6. I measure my bike ire pressure a noon, a 1 PM a 2 PM and a 3 PM. During he second hour i los 80% of wha i los during he firs hour and during he hird hour i los 50 kpa. Wha was he pressure a noon? P ire pressure 6

cooking trajectory boiling water B (t) microwave 0 2 4 6 8 101214161820 time t (mins)

cooking trajectory boiling water B (t) microwave 0 2 4 6 8 101214161820 time t (mins) Alligaor egg wih calculus We have a large alligaor egg jus ou of he fridge (1 ) which we need o hea o 9. Now here are wo accepable mehods for heaing alligaor eggs, one is o immerse hem in boiling waer

More information

Acceleration Lab Teacher s Guide

Acceleration Lab Teacher s Guide Acceleraion Lab Teacher s Guide Objecives:. Use graphs of disance vs. ime and velociy vs. ime o find acceleraion of a oy car.. Observe he relaionship beween he angle of an inclined plane and he acceleraion

More information

CHARGE AND DISCHARGE OF A CAPACITOR

CHARGE AND DISCHARGE OF A CAPACITOR REFERENCES RC Circuis: Elecrical Insrumens: Mos Inroducory Physics exs (e.g. A. Halliday and Resnick, Physics ; M. Sernheim and J. Kane, General Physics.) This Laboraory Manual: Commonly Used Insrumens:

More information

Mathematics in Pharmacokinetics What and Why (A second attempt to make it clearer)

Mathematics in Pharmacokinetics What and Why (A second attempt to make it clearer) Mahemaics in Pharmacokineics Wha and Why (A second aemp o make i clearer) We have used equaions for concenraion () as a funcion of ime (). We will coninue o use hese equaions since he plasma concenraions

More information

Chapter 2 Problems. 3600s = 25m / s d = s t = 25m / s 0.5s = 12.5m. Δx = x(4) x(0) =12m 0m =12m

Chapter 2 Problems. 3600s = 25m / s d = s t = 25m / s 0.5s = 12.5m. Δx = x(4) x(0) =12m 0m =12m Chaper 2 Problems 2.1 During a hard sneeze, your eyes migh shu for 0.5s. If you are driving a car a 90km/h during such a sneeze, how far does he car move during ha ime s = 90km 1000m h 1km 1h 3600s = 25m

More information

Appendix A: Area. 1 Find the radius of a circle that has circumference 12 inches.

Appendix A: Area. 1 Find the radius of a circle that has circumference 12 inches. Appendi A: Area worked-ou s o Odd-Numbered Eercises Do no read hese worked-ou s before aemping o do he eercises ourself. Oherwise ou ma mimic he echniques shown here wihou undersanding he ideas. Bes wa

More information

Chapter 7. Response of First-Order RL and RC Circuits

Chapter 7. Response of First-Order RL and RC Circuits Chaper 7. esponse of Firs-Order L and C Circuis 7.1. The Naural esponse of an L Circui 7.2. The Naural esponse of an C Circui 7.3. The ep esponse of L and C Circuis 7.4. A General oluion for ep and Naural

More information

Duration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613.

Duration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613. Graduae School of Business Adminisraion Universiy of Virginia UVA-F-38 Duraion and Convexiy he price of a bond is a funcion of he promised paymens and he marke required rae of reurn. Since he promised

More information

1 HALF-LIFE EQUATIONS

1 HALF-LIFE EQUATIONS R.L. Hanna Page HALF-LIFE EQUATIONS The basic equaion ; he saring poin ; : wrien for ime: x / where fracion of original maerial and / number of half-lives, and / log / o calculae he age (# ears): age (half-life)

More information

Chapter 2 Kinematics in One Dimension

Chapter 2 Kinematics in One Dimension Chaper Kinemaics in One Dimension Chaper DESCRIBING MOTION:KINEMATICS IN ONE DIMENSION PREVIEW Kinemaics is he sudy of how hings moe how far (disance and displacemen), how fas (speed and elociy), and how

More information

Signal Rectification

Signal Rectification 9/3/25 Signal Recificaion.doc / Signal Recificaion n imporan applicaion of juncion diodes is signal recificaion. here are wo ypes of signal recifiers, half-wae and fullwae. Le s firs consider he ideal

More information

Cointegration: The Engle and Granger approach

Cointegration: The Engle and Granger approach Coinegraion: The Engle and Granger approach Inroducion Generally one would find mos of he economic variables o be non-saionary I(1) variables. Hence, any equilibrium heories ha involve hese variables require

More information

Permutations and Combinations

Permutations and Combinations Permuaions and Combinaions Combinaorics Copyrigh Sandards 006, Tes - ANSWERS Barry Mabillard. 0 www.mah0s.com 1. Deermine he middle erm in he expansion of ( a b) To ge he k-value for he middle erm, divide

More information

PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE

PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Profi Tes Modelling in Life Assurance Using Spreadshees PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Erik Alm Peer Millingon 2004 Profi Tes Modelling in Life Assurance Using Spreadshees

More information

Newton s Laws of Motion

Newton s Laws of Motion Newon s Laws of Moion MS4414 Theoreical Mechanics Firs Law velociy. In he absence of exernal forces, a body moves in a sraigh line wih consan F = 0 = v = cons. Khan Academy Newon I. Second Law body. The

More information

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements Inroducion Chaper 14: Dynamic D-S dynamic model of aggregae and aggregae supply gives us more insigh ino how he economy works in he shor run. I is a simplified version of a DSGE model, used in cuing-edge

More information

The Transport Equation

The Transport Equation The Transpor Equaion Consider a fluid, flowing wih velociy, V, in a hin sraigh ube whose cross secion will be denoed by A. Suppose he fluid conains a conaminan whose concenraion a posiion a ime will be

More information

Random Walk in 1-D. 3 possible paths x vs n. -5 For our random walk, we assume the probabilities p,q do not depend on time (n) - stationary

Random Walk in 1-D. 3 possible paths x vs n. -5 For our random walk, we assume the probabilities p,q do not depend on time (n) - stationary Random Walk in -D Random walks appear in many cones: diffusion is a random walk process undersanding buffering, waiing imes, queuing more generally he heory of sochasic processes gambling choosing he bes

More information

RC (Resistor-Capacitor) Circuits. AP Physics C

RC (Resistor-Capacitor) Circuits. AP Physics C (Resisor-Capacior Circuis AP Physics C Circui Iniial Condiions An circui is one where you have a capacior and resisor in he same circui. Suppose we have he following circui: Iniially, he capacior is UNCHARGED

More information

Usefulness of the Forward Curve in Forecasting Oil Prices

Usefulness of the Forward Curve in Forecasting Oil Prices Usefulness of he Forward Curve in Forecasing Oil Prices Akira Yanagisawa Leader Energy Demand, Supply and Forecas Analysis Group The Energy Daa and Modelling Cener Summary When people analyse oil prices,

More information

Imagine a Source (S) of sound waves that emits waves having frequency f and therefore

Imagine a Source (S) of sound waves that emits waves having frequency f and therefore heoreical Noes: he oppler Eec wih ound Imagine a ource () o sound waes ha emis waes haing requency and hereore period as measured in he res rame o he ource (). his means ha any eecor () ha is no moing

More information

4. International Parity Conditions

4. International Parity Conditions 4. Inernaional ariy ondiions 4.1 urchasing ower ariy he urchasing ower ariy ( heory is one of he early heories of exchange rae deerminaion. his heory is based on he concep ha he demand for a counry's currency

More information

C Fast-Dealing Property Trading Game C

C Fast-Dealing Property Trading Game C If you are already an experienced MONOPOLY dealer and wan a faser game, ry he rules on he back page! AGES 8+ C Fas-Dealing Propery Trading Game C Y Original MONOPOLY Game Rules plus Special Rules for his

More information

Motion Along a Straight Line

Motion Along a Straight Line Moion Along a Sraigh Line On Sepember 6, 993, Dave Munday, a diesel mechanic by rade, wen over he Canadian edge of Niagara Falls for he second ime, freely falling 48 m o he waer (and rocks) below. On his

More information

17 Laplace transform. Solving linear ODE with piecewise continuous right hand sides

17 Laplace transform. Solving linear ODE with piecewise continuous right hand sides 7 Laplace ransform. Solving linear ODE wih piecewise coninuous righ hand sides In his lecure I will show how o apply he Laplace ransform o he ODE Ly = f wih piecewise coninuous f. Definiion. A funcion

More information

9. Capacitor and Resistor Circuits

9. Capacitor and Resistor Circuits ElecronicsLab9.nb 1 9. Capacior and Resisor Circuis Inroducion hus far we have consider resisors in various combinaions wih a power supply or baery which provide a consan volage source or direc curren

More information

MTH6121 Introduction to Mathematical Finance Lesson 5

MTH6121 Introduction to Mathematical Finance Lesson 5 26 MTH6121 Inroducion o Mahemaical Finance Lesson 5 Conens 2.3 Brownian moion wih drif........................... 27 2.4 Geomeric Brownian moion........................... 28 2.5 Convergence of random

More information

INTRODUCTION TO EMAIL MARKETING PERSONALIZATION. How to increase your sales with personalized triggered emails

INTRODUCTION TO EMAIL MARKETING PERSONALIZATION. How to increase your sales with personalized triggered emails INTRODUCTION TO EMAIL MARKETING PERSONALIZATION How o increase your sales wih personalized riggered emails ECOMMERCE TRIGGERED EMAILS BEST PRACTICES Triggered emails are generaed in real ime based on each

More information

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation A Noe on Using he Svensson procedure o esimae he risk free rae in corporae valuaion By Sven Arnold, Alexander Lahmann and Bernhard Schwezler Ocober 2011 1. The risk free ineres rae in corporae valuaion

More information

AP Calculus BC 2010 Scoring Guidelines

AP Calculus BC 2010 Scoring Guidelines AP Calculus BC Scoring Guidelines The College Board The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and opporuniy. Founded in, he College Board

More information

Name: Algebra II Review for Quiz #13 Exponential and Logarithmic Functions including Modeling

Name: Algebra II Review for Quiz #13 Exponential and Logarithmic Functions including Modeling Name: Algebra II Review for Quiz #13 Exponenial and Logarihmic Funcions including Modeling TOPICS: -Solving Exponenial Equaions (The Mehod of Common Bases) -Solving Exponenial Equaions (Using Logarihms)

More information

Chapter 4: Exponential and Logarithmic Functions

Chapter 4: Exponential and Logarithmic Functions Chaper 4: Eponenial and Logarihmic Funcions Secion 4.1 Eponenial Funcions... 15 Secion 4. Graphs of Eponenial Funcions... 3 Secion 4.3 Logarihmic Funcions... 4 Secion 4.4 Logarihmic Properies... 53 Secion

More information

A Probability Density Function for Google s stocks

A Probability Density Function for Google s stocks A Probabiliy Densiy Funcion for Google s socks V.Dorobanu Physics Deparmen, Poliehnica Universiy of Timisoara, Romania Absrac. I is an approach o inroduce he Fokker Planck equaion as an ineresing naural

More information

Answer, Key Homework 2 David McIntyre 45123 Mar 25, 2004 1

Answer, Key Homework 2 David McIntyre 45123 Mar 25, 2004 1 Answer, Key Homework 2 Daid McInyre 4123 Mar 2, 2004 1 This prin-ou should hae 1 quesions. Muliple-choice quesions may coninue on he ne column or page find all choices before making your selecion. The

More information

C Fast-Dealing Property Trading Game C

C Fast-Dealing Property Trading Game C AGES 8+ C Fas-Dealing Propery Trading Game C Y Collecor s Ediion Original MONOPOLY Game Rules plus Special Rules for his Ediion. CONTENTS Game board, 6 Collecible okens, 28 Tile Deed cards, 16 Wha he Deuce?

More information

Vector Autoregressions (VARs): Operational Perspectives

Vector Autoregressions (VARs): Operational Perspectives Vecor Auoregressions (VARs): Operaional Perspecives Primary Source: Sock, James H., and Mark W. Wason, Vecor Auoregressions, Journal of Economic Perspecives, Vol. 15 No. 4 (Fall 2001), 101-115. Macroeconomericians

More information

Individual Health Insurance April 30, 2008 Pages 167-170

Individual Health Insurance April 30, 2008 Pages 167-170 Individual Healh Insurance April 30, 2008 Pages 167-170 We have received feedback ha his secion of he e is confusing because some of he defined noaion is inconsisen wih comparable life insurance reserve

More information

AP Calculus AB 2007 Scoring Guidelines

AP Calculus AB 2007 Scoring Guidelines AP Calculus AB 7 Scoring Guidelines The College Board: Connecing Sudens o College Success The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and

More information

Why Did the Demand for Cash Decrease Recently in Korea?

Why Did the Demand for Cash Decrease Recently in Korea? Why Did he Demand for Cash Decrease Recenly in Korea? Byoung Hark Yoo Bank of Korea 26. 5 Absrac We explores why cash demand have decreased recenly in Korea. The raio of cash o consumpion fell o 4.7% in

More information

Principal components of stock market dynamics. Methodology and applications in brief (to be updated ) Andrei Bouzaev, bouzaev@ya.

Principal components of stock market dynamics. Methodology and applications in brief (to be updated ) Andrei Bouzaev, bouzaev@ya. Principal componens of sock marke dynamics Mehodology and applicaions in brief o be updaed Andrei Bouzaev, bouzaev@ya.ru Why principal componens are needed Objecives undersand he evidence of more han one

More information

Full-wave rectification, bulk capacitor calculations Chris Basso January 2009

Full-wave rectification, bulk capacitor calculations Chris Basso January 2009 ull-wave recificaion, bulk capacior calculaions Chris Basso January 9 This shor paper shows how o calculae he bulk capacior value based on ripple specificaions and evaluae he rms curren ha crosses i. oal

More information

Lectures # 5 and 6: The Prime Number Theorem.

Lectures # 5 and 6: The Prime Number Theorem. Lecures # 5 and 6: The Prime Number Theorem Noah Snyder July 8, 22 Riemann s Argumen Riemann used his analyically coninued ζ-funcion o skech an argumen which would give an acual formula for π( and sugges

More information

Kinematics in 1-D From Problems and Solutions in Introductory Mechanics (Draft version, August 2014) David Morin, morin@physics.harvard.

Kinematics in 1-D From Problems and Solutions in Introductory Mechanics (Draft version, August 2014) David Morin, morin@physics.harvard. Chaper 2 Kinemaics in 1-D From Problems and Soluions in Inroducory Mechanics (Draf ersion, Augus 2014) Daid Morin, morin@physics.harard.edu As menioned in he preface, his book should no be hough of as

More information

THE PRESSURE DERIVATIVE

THE PRESSURE DERIVATIVE Tom Aage Jelmer NTNU Dearmen of Peroleum Engineering and Alied Geohysics THE PRESSURE DERIVATIVE The ressure derivaive has imoran diagnosic roeries. I is also imoran for making ye curve analysis more reliable.

More information

AP Calculus AB 2013 Scoring Guidelines

AP Calculus AB 2013 Scoring Guidelines AP Calculus AB 1 Scoring Guidelines The College Board The College Board is a mission-driven no-for-profi organizaion ha connecs sudens o college success and opporuniy. Founded in 19, he College Board was

More information

Chapter 8: Regression with Lagged Explanatory Variables

Chapter 8: Regression with Lagged Explanatory Variables Chaper 8: Regression wih Lagged Explanaory Variables Time series daa: Y for =1,..,T End goal: Regression model relaing a dependen variable o explanaory variables. Wih ime series new issues arise: 1. One

More information

AP Calculus AB 2010 Scoring Guidelines

AP Calculus AB 2010 Scoring Guidelines AP Calculus AB 1 Scoring Guidelines The College Board The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and opporuniy. Founded in 1, he College

More information

GoRA. For more information on genetics and on Rheumatoid Arthritis: Genetics of Rheumatoid Arthritis. Published work referred to in the results:

GoRA. For more information on genetics and on Rheumatoid Arthritis: Genetics of Rheumatoid Arthritis. Published work referred to in the results: For more informaion on geneics and on Rheumaoid Arhriis: Published work referred o in he resuls: The geneics revoluion and he assaul on rheumaoid arhriis. A review by Michael Seldin, Crisopher Amos, Ryk

More information

The Greek financial crisis: growing imbalances and sovereign spreads. Heather D. Gibson, Stephan G. Hall and George S. Tavlas

The Greek financial crisis: growing imbalances and sovereign spreads. Heather D. Gibson, Stephan G. Hall and George S. Tavlas The Greek financial crisis: growing imbalances and sovereign spreads Heaher D. Gibson, Sephan G. Hall and George S. Tavlas The enry The enry of Greece ino he Eurozone in 2001 produced a dividend in he

More information

OPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1

OPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 OPERAION MANUAL Indoor uni for air o waer hea pump sysem and opions EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 EKHBRD011ABY1 EKHBRD014ABY1 EKHBRD016ABY1 EKHBRD011ACV1 EKHBRD014ACV1 EKHBRD016ACV1 EKHBRD011ACY1

More information

µ r of the ferrite amounts to 1000...4000. It should be noted that the magnetic length of the + δ

µ r of the ferrite amounts to 1000...4000. It should be noted that the magnetic length of the + δ Page 9 Design of Inducors and High Frequency Transformers Inducors sore energy, ransformers ransfer energy. This is he prime difference. The magneic cores are significanly differen for inducors and high

More information

Term Structure of Prices of Asian Options

Term Structure of Prices of Asian Options Term Srucure of Prices of Asian Opions Jirô Akahori, Tsuomu Mikami, Kenji Yasuomi and Teruo Yokoa Dep. of Mahemaical Sciences, Risumeikan Universiy 1-1-1 Nojihigashi, Kusasu, Shiga 525-8577, Japan E-mail:

More information

Inductance and Transient Circuits

Inductance and Transient Circuits Chaper H Inducance and Transien Circuis Blinn College - Physics 2426 - Terry Honan As a consequence of Faraday's law a changing curren hrough one coil induces an EMF in anoher coil; his is known as muual

More information

The Roos of Lisp paul graham Draf, January 18, 2002. In 1960, John McCarhy published a remarkable paper in which he did for programming somehing like wha Euclid did for geomery. 1 He showed how, given

More information

Differential Equations. Solving for Impulse Response. Linear systems are often described using differential equations.

Differential Equations. Solving for Impulse Response. Linear systems are often described using differential equations. Differenial Equaions Linear sysems are ofen described using differenial equaions. For example: d 2 y d 2 + 5dy + 6y f() d where f() is he inpu o he sysem and y() is he oupu. We know how o solve for y given

More information

INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES

INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES OPENGAMMA QUANTITATIVE RESEARCH Absrac. Exchange-raded ineres rae fuures and heir opions are described. The fuure opions include hose paying

More information

Making Use of Gate Charge Information in MOSFET and IGBT Data Sheets

Making Use of Gate Charge Information in MOSFET and IGBT Data Sheets Making Use of ae Charge Informaion in MOSFET and IBT Daa Shees Ralph McArhur Senior Applicaions Engineer Advanced Power Technology 405 S.W. Columbia Sree Bend, Oregon 97702 Power MOSFETs and IBTs have

More information

CLASSIFICATION OF REINSURANCE IN LIFE INSURANCE

CLASSIFICATION OF REINSURANCE IN LIFE INSURANCE CLASSIFICATION OF REINSURANCE IN LIFE INSURANCE Kaarína Sakálová 1. Classificaions of reinsurance There are many differen ways in which reinsurance may be classified or disinguished. We will discuss briefly

More information

Table of contents Chapter 1 Interest rates and factors Chapter 2 Level annuities Chapter 3 Varying annuities

Table of contents Chapter 1 Interest rates and factors Chapter 2 Level annuities Chapter 3 Varying annuities Table of conens Chaper 1 Ineres raes and facors 1 1.1 Ineres 2 1.2 Simple ineres 4 1.3 Compound ineres 6 1.4 Accumulaed value 10 1.5 Presen value 11 1.6 Rae of discoun 13 1.7 Consan force of ineres 17

More information

Steps for D.C Analysis of MOSFET Circuits

Steps for D.C Analysis of MOSFET Circuits 10/22/2004 Seps for DC Analysis of MOSFET Circuis.doc 1/7 Seps for D.C Analysis of MOSFET Circuis To analyze MOSFET circui wih D.C. sources, we mus follow hese five seps: 1. ASSUME an operaing mode 2.

More information

Present Value Methodology

Present Value Methodology Presen Value Mehodology Econ 422 Invesmen, Capial & Finance Universiy of Washingon Eric Zivo Las updaed: April 11, 2010 Presen Value Concep Wealh in Fisher Model: W = Y 0 + Y 1 /(1+r) The consumer/producer

More information

Stability. Coefficients may change over time. Evolution of the economy Policy changes

Stability. Coefficients may change over time. Evolution of the economy Policy changes Sabiliy Coefficiens may change over ime Evoluion of he economy Policy changes Time Varying Parameers y = α + x β + Coefficiens depend on he ime period If he coefficiens vary randomly and are unpredicable,

More information

SOLID MECHANICS TUTORIAL GEAR SYSTEMS. This work covers elements of the syllabus for the Edexcel module 21722P HNC/D Mechanical Principles OUTCOME 3.

SOLID MECHANICS TUTORIAL GEAR SYSTEMS. This work covers elements of the syllabus for the Edexcel module 21722P HNC/D Mechanical Principles OUTCOME 3. SOLI MEHNIS TUTORIL GER SYSTEMS This work covers elemens of he syllabus for he Edexcel module 21722P HN/ Mechanical Principles OUTOME 3. On compleion of his shor uorial you should be able o do he following.

More information

Module 4. Single-phase AC circuits. Version 2 EE IIT, Kharagpur

Module 4. Single-phase AC circuits. Version 2 EE IIT, Kharagpur Module 4 Single-phase A circuis ersion EE T, Kharagpur esson 5 Soluion of urren in A Series and Parallel ircuis ersion EE T, Kharagpur n he las lesson, wo poins were described:. How o solve for he impedance,

More information

Fourier Series & The Fourier Transform

Fourier Series & The Fourier Transform Fourier Series & The Fourier Transform Wha is he Fourier Transform? Fourier Cosine Series for even funcions and Sine Series for odd funcions The coninuous limi: he Fourier ransform (and is inverse) The

More information

Second Order Linear Differential Equations

Second Order Linear Differential Equations Second Order Linear Differenial Equaions Second order linear equaions wih consan coefficiens; Fundamenal soluions; Wronskian; Exisence and Uniqueness of soluions; he characerisic equaion; soluions of homogeneous

More information

Mortality Variance of the Present Value (PV) of Future Annuity Payments

Mortality Variance of the Present Value (PV) of Future Annuity Payments Morali Variance of he Presen Value (PV) of Fuure Annui Pamens Frank Y. Kang, Ph.D. Research Anals a Frank Russell Compan Absrac The variance of he presen value of fuure annui pamens plas an imporan role

More information

Morningstar Investor Return

Morningstar Investor Return Morningsar Invesor Reurn Morningsar Mehodology Paper Augus 31, 2010 2010 Morningsar, Inc. All righs reserved. The informaion in his documen is he propery of Morningsar, Inc. Reproducion or ranscripion

More information

WHAT ARE OPTION CONTRACTS?

WHAT ARE OPTION CONTRACTS? WHAT ARE OTION CONTRACTS? By rof. Ashok anekar An oion conrac is a derivaive which gives he righ o he holder of he conrac o do 'Somehing' bu wihou he obligaion o do ha 'Somehing'. The 'Somehing' can be

More information

USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES

USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES Mehme Nuri GÖMLEKSİZ Absrac Using educaion echnology in classes helps eachers realize a beer and more effecive learning. In his sudy 150 English eachers were

More information

Hedging with Forwards and Futures

Hedging with Forwards and Futures Hedging wih orwards and uures Hedging in mos cases is sraighforward. You plan o buy 10,000 barrels of oil in six monhs and you wish o eliminae he price risk. If you ake he buy-side of a forward/fuures

More information

4 Convolution. Recommended Problems. x2[n] 1 2[n]

4 Convolution. Recommended Problems. x2[n] 1 2[n] 4 Convoluion Recommended Problems P4.1 This problem is a simple example of he use of superposiion. Suppose ha a discree-ime linear sysem has oupus y[n] for he given inpus x[n] as shown in Figure P4.1-1.

More information

CLASSICAL TIME SERIES DECOMPOSITION

CLASSICAL TIME SERIES DECOMPOSITION Time Series Lecure Noes, MSc in Operaional Research Lecure CLASSICAL TIME SERIES DECOMPOSITION Inroducion We menioned in lecure ha afer we calculaed he rend, everyhing else ha remained (according o ha

More information

Indexing Executive Stock Options Relatively

Indexing Executive Stock Options Relatively Indexing Execuive Sock Opions Relaively Jin-Chuan Duan and Jason Wei Joseph L. Roman School of Managemen Universiy of Torono 105 S. George Sree Torono, Onario Canada, M5S 3E6 jcduan@roman.uorono.ca wei@roman.uorono.ca

More information

C The Fast-Dealing Property Trading Game C

C The Fast-Dealing Property Trading Game C AGES 8+ C The Fas-Dealing Propery Trading Game C Y riginal MNPLY Game Rules plus Special Rules for his Ediion. CNTENTS Gameboard, 6 okens, 28 Tile Deed cards, 6 U.N.I.T Cards, 6 Gallifrey Cards, pack of

More information

On the degrees of irreducible factors of higher order Bernoulli polynomials

On the degrees of irreducible factors of higher order Bernoulli polynomials ACTA ARITHMETICA LXII.4 (1992 On he degrees of irreducible facors of higher order Bernoulli polynomials by Arnold Adelberg (Grinnell, Ia. 1. Inroducion. In his paper, we generalize he curren resuls on

More information

Topic 9: Ecology 9b. Biodiversity 9b1. Wanted Poster

Topic 9: Ecology 9b. Biodiversity 9b1. Wanted Poster Topic 9: Ecology 9b. Biodiversiy 9b1. Waned Poser Resources: Miller, K., Levine, J. (2004). Biology. Boson, MA: Pearson Prenice Hall. 22 May 2009. Top New Species of 2008 [Inerne]. Mongabay. Cied 4 Aug.

More information

Measuring macroeconomic volatility Applications to export revenue data, 1970-2005

Measuring macroeconomic volatility Applications to export revenue data, 1970-2005 FONDATION POUR LES ETUDES ET RERS LE DEVELOPPEMENT INTERNATIONAL Measuring macroeconomic volailiy Applicaions o expor revenue daa, 1970-005 by Joël Cariolle Policy brief no. 47 March 01 The FERDI is a

More information

Statistical Analysis with Little s Law. Supplementary Material: More on the Call Center Data. by Song-Hee Kim and Ward Whitt

Statistical Analysis with Little s Law. Supplementary Material: More on the Call Center Data. by Song-Hee Kim and Ward Whitt Saisical Analysis wih Lile s Law Supplemenary Maerial: More on he Call Cener Daa by Song-Hee Kim and Ward Whi Deparmen of Indusrial Engineering and Operaions Research Columbia Universiy, New York, NY 17-99

More information

Making a Faster Cryptanalytic Time-Memory Trade-Off

Making a Faster Cryptanalytic Time-Memory Trade-Off Making a Faser Crypanalyic Time-Memory Trade-Off Philippe Oechslin Laboraoire de Securié e de Crypographie (LASEC) Ecole Polyechnique Fédérale de Lausanne Faculé I&C, 1015 Lausanne, Swizerland philippe.oechslin@epfl.ch

More information

Information Theoretic Evaluation of Change Prediction Models for Large-Scale Software

Information Theoretic Evaluation of Change Prediction Models for Large-Scale Software Informaion Theoreic Evaluaion of Change Predicion Models for Large-Scale Sofware Mina Askari School of Compuer Science Universiy of Waerloo Waerloo, Canada maskari@uwaerloo.ca Ric Hol School of Compuer

More information

Economics Honors Exam 2008 Solutions Question 5

Economics Honors Exam 2008 Solutions Question 5 Economics Honors Exam 2008 Soluions Quesion 5 (a) (2 poins) Oupu can be decomposed as Y = C + I + G. And we can solve for i by subsiuing in equaions given in he quesion, Y = C + I + G = c 0 + c Y D + I

More information

Improper Integrals. Dr. Philippe B. laval Kennesaw State University. September 19, 2005. f (x) dx over a finite interval [a, b].

Improper Integrals. Dr. Philippe B. laval Kennesaw State University. September 19, 2005. f (x) dx over a finite interval [a, b]. Improper Inegrls Dr. Philippe B. lvl Kennesw Se Universiy Sepember 9, 25 Absrc Noes on improper inegrls. Improper Inegrls. Inroducion In Clculus II, sudens defined he inegrl f (x) over finie inervl [,

More information

CALCULATION OF OMX TALLINN

CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN 1. OMX Tallinn index...3 2. Terms in use...3 3. Comuaion rules of OMX Tallinn...3 3.1. Oening, real-ime and closing value of he Index...3 3.2. Index

More information

Debt Accumulation, Debt Reduction, and Debt Spillovers in Canada, 1974-98*

Debt Accumulation, Debt Reduction, and Debt Spillovers in Canada, 1974-98* Deb Accumulaion, Deb Reducion, and Deb Spillovers in Canada, 1974-98* Ron Kneebone Deparmen of Economics Universiy of Calgary John Leach Deparmen of Economics McMaser Universiy Ocober, 2000 Absrac Wha

More information

Optimal Stock Selling/Buying Strategy with reference to the Ultimate Average

Optimal Stock Selling/Buying Strategy with reference to the Ultimate Average Opimal Sock Selling/Buying Sraegy wih reference o he Ulimae Average Min Dai Dep of Mah, Naional Universiy of Singapore, Singapore Yifei Zhong Dep of Mah, Naional Universiy of Singapore, Singapore July

More information

Conceptually calculating what a 110 OTM call option should be worth if the present price of the stock is 100...

Conceptually calculating what a 110 OTM call option should be worth if the present price of the stock is 100... Normal (Gaussian) Disribuion Probabiliy De ensiy 0.5 0. 0.5 0. 0.05 0. 0.9 0.8 0.7 0.6? 0.5 0.4 0.3 0. 0. 0 3.6 5. 6.8 8.4 0.6 3. 4.8 6.4 8 The Black-Scholes Shl Ml Moel... pricing opions an calculaing

More information

Risk Modelling of Collateralised Lending

Risk Modelling of Collateralised Lending Risk Modelling of Collaeralised Lending Dae: 4-11-2008 Number: 8/18 Inroducion This noe explains how i is possible o handle collaeralised lending wihin Risk Conroller. The approach draws on he faciliies

More information

A Re-examination of the Joint Mortality Functions

A Re-examination of the Joint Mortality Functions Norh merican cuarial Journal Volume 6, Number 1, p.166-170 (2002) Re-eaminaion of he Join Morali Funcions bsrac. Heekung Youn, rkad Shemakin, Edwin Herman Universi of S. Thomas, Sain Paul, MN, US Morali

More information

Prostate Cancer. Options for Localised Cancer

Prostate Cancer. Options for Localised Cancer Prosae Cancer Opions for Localised Cancer You or someone you know is considering reamen opions for localised prosae cancer. his leafle is designed o give you a shor overview of he opions available. For

More information

2.5 Life tables, force of mortality and standard life insurance products

2.5 Life tables, force of mortality and standard life insurance products Soluions 5 BS4a Acuarial Science Oford MT 212 33 2.5 Life ables, force of moraliy and sandard life insurance producs 1. (i) n m q represens he probabiliy of deah of a life currenly aged beween ages + n

More information

Journal Of Business & Economics Research September 2005 Volume 3, Number 9

Journal Of Business & Economics Research September 2005 Volume 3, Number 9 Opion Pricing And Mone Carlo Simulaions George M. Jabbour, (Email: jabbour@gwu.edu), George Washingon Universiy Yi-Kang Liu, (yikang@gwu.edu), George Washingon Universiy ABSTRACT The advanage of Mone Carlo

More information

HFCC Math Lab Intermediate Algebra - 13 SOLVING RATE-TIME-DISTANCE PROBLEMS

HFCC Math Lab Intermediate Algebra - 13 SOLVING RATE-TIME-DISTANCE PROBLEMS HFCC Mah Lab Inemeiae Algeba - 3 SOLVING RATE-TIME-DISTANCE PROBLEMS The vaiables involve in a moion poblem ae isance (), ae (), an ime (). These vaiables ae elae by he equaion, which can be solve fo any

More information

Module 3 Design for Strength. Version 2 ME, IIT Kharagpur

Module 3 Design for Strength. Version 2 ME, IIT Kharagpur Module 3 Design for Srengh Lesson 2 Sress Concenraion Insrucional Objecives A he end of his lesson, he sudens should be able o undersand Sress concenraion and he facors responsible. Deerminaion of sress

More information

Modelling and Forecasting Volatility of Gold Price with Other Precious Metals Prices by Univariate GARCH Models

Modelling and Forecasting Volatility of Gold Price with Other Precious Metals Prices by Univariate GARCH Models Deparmen of Saisics Maser's Thesis Modelling and Forecasing Volailiy of Gold Price wih Oher Precious Meals Prices by Univariae GARCH Models Yuchen Du 1 Supervisor: Lars Forsberg 1 Yuchen.Du.84@suden.uu.se

More information

Keldysh Formalism: Non-equilibrium Green s Function

Keldysh Formalism: Non-equilibrium Green s Function Keldysh Formalism: Non-equilibrium Green s Funcion Jinshan Wu Deparmen of Physics & Asronomy, Universiy of Briish Columbia, Vancouver, B.C. Canada, V6T 1Z1 (Daed: November 28, 2005) A review of Non-equilibrium

More information

Return Calculation of U.S. Treasury Constant Maturity Indices

Return Calculation of U.S. Treasury Constant Maturity Indices Reurn Calculaion of US Treasur Consan Mauri Indices Morningsar Mehodolog Paper Sepeber 30 008 008 Morningsar Inc All righs reserved The inforaion in his docuen is he proper of Morningsar Inc Reproducion

More information

The option pricing framework

The option pricing framework Chaper 2 The opion pricing framework The opion markes based on swap raes or he LIBOR have become he larges fixed income markes, and caps (floors) and swapions are he mos imporan derivaives wihin hese markes.

More information

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C.

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Finance and Economics Discussion Series Divisions of Research & Saisics and Moneary Affairs Federal Reserve Board, Washingon, D.C. The Effecs of Unemploymen Benefis on Unemploymen and Labor Force Paricipaion:

More information