DEPARTMENT OF MATHEMATICAL and COMPUTATIONAL SCIENCES

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 #: _________________________________________

Tutors J.I. S.L. J.C. W.N. L.W. N.H. J.T.

Name

Tutorial No.

(Please Circle your Tutors 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
Name: Student No.: MAT133Y5Y page 2 of 18

Question 1. Multiple Choice Question, only circle exactly one of the

choices (3 + 4 + 4 + 3 = 14 marks)

Q.1(i) An interest rate of 8% compounded semiannually corresponds to an effective rate

of

(a) 8%

(b) 8.16%

(c ) 8.2031%

(d) 9.2456%

(e) 12%

Q.1(ii) Suppose a person invests $20,000 in a business venture that guarantees the same
cash flow at the end of every quarter for four years. If the investment earns interest at the
rate of 16% compounded quarterly, then each cash flow is

(a) $916.40.

(b) $1527.52.

(c)$1716.40.

(d) $1917.39.

(e) $2341.23
Name: Student No.: MAT133Y5Y page 3 of 18

Q.1(iii) A debt of $12,000, which is due 10 years from now, is instead to be paid off by
four payments: $3000 now, $2000 in 3 years, $2000 in 6 years, and a final payment at the
end of 8 years. If an interest rate of 5.5% compounded semiannually is assumed, the
payment is

(a) $1282.91

(b) $5000.00

(c) $ 2565.82

(d) $ 641.46

(e) $ 1378.84

Q.1(iv) The Martins amortize a loan of $150,000 for a new home by obtaining a 40-year
mortgage at the rate of 10.2% compounded monthly. The monthly payment for this loan
is ,

(a) $ 1529.46

(b) $ 1927.23

(c) $ 1297.32

(d) $1676.82

(e) None of the above

Name: Student No.: MAT133Y5Y page 4 of 18

Question 2. Multiple Choice Question, only circle exactly one of the

choices . (3 + 3 + 3 + 3 +3 = 15 marks)

Q.2 (i) After a production run, 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. If a unit is randomly
selected from this run and it has a faulty weld, 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.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
Name: Student No.: MAT133Y5Y page 5 of 18

Q.2(iii) If you are using the Cramers rule to find the value of y in the following
simultaneous equations,

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
Name: Student No.: MAT133Y5Y page 6 of 18

Q.2(iv) If X is normally distributed with mean = 50 and the standard deviation

= 10, find X 0 such that the probability P(X < X 0 ) = 0.9938.

X 0 is given by one of the following:

(a) 25

(b) 50

(c) 75

(d) 80

(e) 100

kx
Q.2(v) If X has density function f(x) = ,0 x 1 ,
3
= 0 otherwise,

the value of k is given by,

(a) 0

(b) 1/2

(c) 1/6

(d) 1

(e) 6
Name: Student No.: 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 ,
between x = 1 and x = 2 .

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 (1,1), (2,3), (3,2), (4,4),
(5,1).

3
y

0
0 2 4 6
x
Name: Student No.: MAT133Y5Y page 8 of 18

(c) Suppose X is the continuous random variable with density function

x if 0 x 1
f ( x) = . Find the mean , and variance 2 .
2 x if 1 x 2

1
Y

0
0 1 2 3
X
Name: Student No.: 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.: 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 . Find f (2) .
dx
Name: Student No.: MAT133Y5Y page 11 of 18

x
2
(d) Compute the definite integral. x dx . Give answer to three significant digits.
2
Name: Student No.: MAT133Y5Y page 12 of 18

Question 5(6+5 = 11 marks)

(a) Find the critical points of the function f ( x, y ) = 2 In( x, y ) + 3 x 2 2 xy 24 x . For

each critical point use the second derivative test to determine if it corresponds to a
relative minimum, relative maximum or neither.
Name: Student No.: MAT133Y5Y page 13 of 18

z
(b) Let z = x 2 + y 2 5 where x = rs, y = r + s . Use a chain rule to find , and
s
evaluate this at s = 5 and r = 1.
Name: Student No.: MAT133Y5Y page 14 of 18

Question 6 (5+4 = 9 marks)

A certain product has a demand equation given by p = e q / 100 .

1. Calculate the marginal revenue when q = 100. .

2. Calculate the output level that will maximize revenue. Justify your answer.
Name: Student No.: 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%). It is estimated that the client retention rate of
product A is 80% on an annualized basis, and the client retention rate for product B is
60% on an annualized basis.

Calculate:

1. The market share of each product after two years.

2. The steady-state market share distribution.

Name: Student No.: MAT133Y5Y page 16 of 18

Question 8 (8 marks)

A car manufacturer produces two types of vehicles: cars, at $30,000 each, and trucks, at
$60,000 each. Problems with a supplier limit the availability of three key components A,
B and C to 350, 1,000 and 150 respectively. Each car uses one A, two B and three C,
whereas trucks use 3 units of part A, 4 units of part B, and one C. Calculate the output for
cars and trucks that will maximize revenue.
Name: Student No.: MAT133Y5Y page 17 of 18
Name: Student No.: MAT133Y5Y page 18 of 18
 List of Formulae
S compound amount or future value
P Principal, r periodic rate, 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 = R1 + (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 )!

Newtons Method

f ( xn )
x n +1 = x n n = 1, 2,
f ' (xn )