Statistic Analysis

Context:
You need to price a call and a put on a stock using the seven periods binomial model to be coded in excel. Please use the data corresponding to your group from the following table.
S X T r u d
Group 2 100 95 4 2% 1.05 0.95

The structure of the assignment is:

  1. Explain how increasing the number of periods make the model more realistic?
  2. Explain how the payoffs are calculated at maturity and how the premium at t=0 is obtained? (no need to go into details price by price, just give the overall idea)
  3. A Conclusion where you summarize your point of view from how realistic is the binomial and whether it can be used by traders to value options.

Sample Solution

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The Global and the Local

Read Howard’s Chapter 5, The Global and the Local, 1688-1785. You should have acquired your own copy by now so I will not be uploading a .pdf version.

Additionally, read the provided supplemental readings. Given that the theme of Howard’s chapter belies the interconnected and global nature of the interaction between the Ottoman Empire and various European powers, start with Çırakman’s From Tyranny to Despotism… and pay close attention to how she outlines the evolution of the European presentation of the Ottoman Empire. Note: Do not take the European descriptions as 100 percent true to what was happening. What motivations might these writers have had, for instance?

Then move on to Yaycıoğlu’s Chapter 1 from Partners of the Empire… It goes a bit beyond the scope of this week, as laid out by Howard’s organization but is an insightful and thorough piece of scholarship. It lays out, in detail, the nitty-gritty details of the 18th century—ranging from territorial losses as well as the organization of provincial territory to the domestic and foreign powers that shaped the Ottoman Empire.

Finally, we’ll conclude with a change of pace by looking at Landweber’s chapter about the conversion of a French military man and his role in the Ottoman bureaucracy. The underlying theme throughout this week is a connection between Ottoman history and World history—that the two are not separate nor distinct from one another.

Discussion prompt:
When we look at world history, it is often presented from Eurocentric point of view. That is, European polities are foregrounded at the expense of other, non-European political entities in terms of importance. First, why do you think this is the case? Next, how does Ottoman history fit into this schema? How did late 16th and 17th century European travelers/writers frame the Ottomans? What were some key motifs, and why do you think that this was the case? Finally, the theme of Howard’s chapter five is that the imprint of broader global forces—trade, migration, borders, etc.—can be seen throughout the various localities within the Ottoman Empire. What were some of these “global” influences that can be seen in the Ottoman Empire? And what Ottoman influences can we see outside of the Ottoman Empire?

What was the outcome of the war with Russia? What major factors contributed to that outcome, and what were its major (e.g., commercial, territorial) repercussions, both internally and internationally?

Sample Solution

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Design Models

Design Models: A. Three-layer (multi-layer) interaction diagrams (sequence diagrams)—drawn in StarUML B. Three-layer (Multi-layer) design class diagram—drawn in StarUML Must include ALL classes: boundary, domain/entity, & data access. C. Database schema—table descriptions/definitions D. Interface design—for all use cases—drawn in any graphic package/tool. Note: multiple use cases may use a single integrated form interface. Output: Report (No. 3) including and documenting above elements—with a cover page

Sample Solution

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Healthcare Improvement

Resources: Plan-Do-Study-Act Model

• Plan-Do-Study-Act (PDSA)
• Donnelly, P., & Kirk, P. (2015). Using the PDSA model for effective change management. Education for Primary Care, 26(4), 279–281.
o This article looks at ways to apply the PDSA model to drive and maintain change initiatives.
• Institute for Healthcare Improvement. (n.d.). How to improve. Retrieved from http://www.ihi.org/resources/Pages/HowtoImprove/default.aspx
o This website provides an overview of the PDSA cycle and resources related to using it to drive improvement and change.
• Institute for Healthcare Improvement. (n.d.). QI games: Learn how to use the PDSA cycles by spinning coins [Video]. Retrieved from http://www.ihi.org/education/IHIOpenSchool/resources/Pages/AudioandVideo/QI-Games-Learn-How-to-Use-PDSA-Cycles-by-Spinning-Coins.aspx
o This video walks you through a simplified PDSA cycle.

Sample Solution

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