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Consider an arbitrary currency exchange matrixA. See Exercises 60and 61.

a. What are the diagonal entries aiiof A?

b. What is the relationship between aijand aji?

c. What is the relationship among aik,akj, and aij?

d. What is the rank of A? What is the relationship betweenAand rref(A)?

Short Answer

Expert verified

a. The diagonal elements of A=11/881are all 1's. The diagonal elements of A=18101810810815322516832511081016251101are all1's.

b. The values of aijand ajiare reciprocal of each other.

c. The relation between aij, aikand akjis, aij=aik×akj, that is, one element is product of other two.

d. ¸é²¹²Ô°ì 11881=1andRank 18101810810815322516832511081016251101=1

The rank and the rref represents the value one.

Step by step solution

01

Compute the diagonal elements.

(a)

The matrices and their diagonals are,

A=11/881

The diagonal elements are, 1

A=18101810810815322516832511081016251101

The diagonal elements are, 1.

02

Compute the values of the components.

(b)

The values of the elements are,

A=11/881

The values are, a12=18,a21=8

A=18101810810815322516832511081016251101

The values are,

a12=810⇒a21=108

a34=10⇒a43=110

a41=810⇒a14=108

a24=2516⇒a42=1625

a31=8⇒a13=18

a32=325⇒a23=532

Therefore, the values of aijand ajiare reciprocal of each other.

03

Compute the relation between the elements.

(c)

Consider the matrix,

A=18101810810815322516832511081016251101

The values of the elements are,

a11=a12×a21⇒a11=810×108=1

a22=a21×a12⇒a22=108×810=1

a44=a43×a34⇒a44=110×10=1

a24=a21×a14⇒a24=108×108=2516

a31=a34×a41⇒a31=10×810=8

a32=a31×a12⇒a32=8×810=325

a33=a31×a13⇒a33=8×18=1

The relation between aij, aikand akjis, aij=aik×akj, that is, one element is product of other two.

04

Compute the rank and rref of matrices.

(d)

Now, we have

¸é²¹²Ô°ì 11881=1,rref118 â¶Ä‰â¶Ä‰81=8100and¸é²¹²Ô°ì 18101810810815322516832511081016251101=1,rref18101810810815322516832511081016251101=1451854000000000000

The rank of the matrices is one. The reduced row-echelon form of the matrices have single row.

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