Exactly one member of this truss carries no force under these loads. Which is the zero-force member? Click it in the diagram.
B: 10 kN ↓G: 35 kN ↓H: 30 kN ←
1member AB
2member BC
3member CD
4member DE
5member FG
6member GH
7member AF
8member HE
9member BF
10member CG
11member DH
12member FC
13member HC
5.Shear force & bending momentMedium
The marks A to G split the beam into six equal parts. At which mark is the bending moment largest in size, sagging or hogging? Click it in the diagram.
60 kN @ 3 m15 kN @ 2 m
1A (x = 0 m)
2B (x = 1 m)
3C (x = 2 m)
4D (x = 3 m)
5E (x = 4 m)
6F (x = 5 m)
7G (x = 6 m)
6.Shear force & bending momentHard
The marks A to G split the beam into six equal parts. At which mark is the bending moment largest in size, sagging or hogging? Click it in the diagram.
35 kN @ 0 m50 kN @ 6 m40 kN @ 2 m15 kN/m, 1–4 m
1A (x = 0 m)
2B (x = 1 m)
3C (x = 2 m)
4D (x = 3 m)
5E (x = 4 m)
6F (x = 5 m)
7G (x = 6 m)
7.Beam deflectionMedium
A simply supported beam carries a uniformly distributed load w over its whole span. Find the maximum deflection δmax, at midspan.
w = 4 kN/mL = 3 mE = 200 GPa (steel)I = 12 × 10⁶ mm⁴
δmax = mm
8.Beam deflectionHard
A simply supported timber beam of rectangular section, 125 mm wide, carries a uniformly distributed load w over its whole span. Its midspan deflection may not exceed span/360. Find the smallest depth hreq of the section.
w = 2 kN/mL = 3 mE = 11 GPa (timber)b = 125 mm
hreq = mm
9.Column bucklingMedium
A column of length L made of steel is fixed at both ends. Using Euler’s formula, find its critical buckling load Pcr.
L = 6 mE = 200 GPa (steel)d = 30 mm
Pcr = kN
10.Column bucklingHard
A column of length L made of steel is pinned at both ends. Find its slenderness and the critical buckling stress σcr from Euler’s formula.
L = 6 mE = 200 GPa (steel)d = 30 mm
σcr = MPa
11.Centroid & second moment of areaMedium
Find the second moment of area Ix of the T-section about the horizontal axis x through its centroid.
bf = 300 mmtf = 30 mmtw = 12 mmhw = 200 mm
Ix = × 10⁶ mm⁴
12.Centroid & second moment of areaHard
A symmetric I-section has flanges 110 mm wide and 24 mm thick, an overall depth of 420 mm and a web 14 mm thick. It carries a bending moment of 40 kN·m about the axis x. Find the size of the bending stress σj at the junction of the web and the top flange.
A 5 m thick overconsolidated clay layer has Cc = 0.25, Cr = 0.02 and e₀ = 1.1. At its mid-depth the effective vertical stress is 110 kPa and the overconsolidation ratio is OCR = 3. A new building adds 80 kPa of vertical stress at mid-depth. Find the primary consolidation settlement S in mm.
A clay layer 7 m thick has a coefficient of consolidation cv = 0.5 m²/year. It lies between two sand layers, so water drains out at the top and the bottom. For 50% average consolidation the time factor is Tv = 0.197. How many years t does the layer take to reach 50% consolidation?
A vertical rectangular gate 2 m wide sits in the wall of a tank of water, with its top edge 1.5 m below the surface. Find the resultant hydrostatic force F on the gate.
A vertical rectangular gate 2 m wide sits in the wall of a tank of glycerin, with its top edge 1.5 m below the surface. Find the resultant hydrostatic force F on the gate.
Water flows at a mean velocity of 2 m/s through a pipe 150 m long with an inside diameter of 250 mm. Use the Darcy friction factor f = 0.022 and g = 9.81 m/s². Find the friction head loss hf.
A pipe 150 m long with an inside diameter of 100 mm (Darcy friction factor f = 0.018) runs from an open reservoir and discharges as a free jet into the air. The minor losses are a square-edged entrance (K = 0.5), 2 bends (K = 0.3 each) and a valve (K = 5). Use g = 9.81 m/s². How far H must the reservoir surface be above the pipe outlet for a flow rate of 20 L/s?
A rectangular finished concrete channel is 5.5 m wide. Water flows uniformly 1 m deep. Manning n = 0.012 and the bed slope is S = 0.0005. Find the flow rate Q in m³/s.
b = 5.5 my = 1 mn = 0.012S = 0.0005
Q = m³/s
22.Open-channel flow (Manning)Hard
A concrete sewer with an inside diameter of 300 mm (Manning n = 0.013) must reach a self-cleansing velocity of 1.2 m/s when flowing just full. Find the minimum slope S (in m/m).
D = 300 mmn = 0.013V = 1.2 m/s
S = m/m
23.Pumps & pump powerMedium
A pump with an efficiency of 78% delivers 20 L/s of water (ρ = 1000 kg/m³) against a head of 10 m. Use g = 9.81 m/s². Find the shaft power Pshaft needed, in kW.
Q = 20 L/sH = 10 mη = 78%g = 9.81 m/s²
Pshaft = kW
24.Pumps & pump powerHard
A pump moves 20 L/s of water (ρ = 1000 kg/m³) from an open lower reservoir to an upper tank whose water surface is 33 m higher. The pipe is 150 m long with an inside diameter of 100 mm and a Darcy friction factor f = 0.015; the minor-loss coefficients add up to ΣK = 8 (entrance and exit included). Use g = 9.81 m/s². Find the head H the pump must add.
You need €40 000 in 8 years. An account pays 3.6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.
FV = €40 0003.6% / 4n = 8
PV = €
26.Time value of moneyHard
A loan of €25 000 is repaid with equal monthly payments over 5 years at 6% per year, compounded monthly. How much interest I is paid in total over the life of the loan?
P = €25 0006% / 12N = 60
I = €
27.NPV & IRRMedium
An investment of €30 000 gives these cash flows at the end of years 1 to 3: €7 000, €8 000, €9 000. The cost of capital is 7.000000000000001%. Find the net present value NPV.
A project costs €20 000 and returns €14 500, €8 000, €9 000 at the end of years 1 to 3. Find its internal rate of return IRR in percent.
CF0 = −20 000CF1 = 14 500CF2 = 8 000CF3 = 9 000
IRR = %
29.Normal distributionMedium
The delivery times are normally distributed with mean 32 min and standard deviation 6 min. What fraction lies between 26.3 and 33.2 min? Give P as a decimal.
μ = 32σ = 6x1 = 26.3x2 = 33.2
P =
30.Normal distributionHard
The heights X of men and Y of women in a group are independent and normal: X has mean 180 cm and standard deviation 10 cm, Y has mean 170 cm and standard deviation 12 cm. Find the probability P that X is greater than Y. Round z to two decimals.
μX = 180 cm, σX = 10 cmμY = 170 cm, σY = 12 cm
P =
3Solutions
1.Beam support reactions
Answer: RB = 28.57 kN
Static equilibrium: a body at rest has ΣFx = 0, ΣFy = 0 and ΣM = 0 about any point. Replace each distributed load by its resultant (its area) acting at the centroid of the load diagram, and take moments about a support to remove that support’s reaction from the equation.
Moments about A
Counter-clockwise positive.
ΣMA = 0: RB·7 = 50·2 + 10·10
RB = 200/7 = 28.57 kN
Vertical equilibrium
RA = 50 + 10 − 28.57 = 31.43 kN
Answer
RB = 28.57 kN
2.Beam support reactions
Answer: RA = 19.75 kN
Static equilibrium: a body at rest has ΣFx = 0, ΣFy = 0 and ΣM = 0 about any point. Taking moments about one support removes that support’s reaction from the equation.
Free-body diagram
Replace the supports with reaction forces. A roller gives one vertical reaction; with only vertical loads the pin gives one vertical reaction too.
Equilibrium
Moments about A, counter-clockwise positive. Then vertical force balance.
UDL resultant: W = w·ℓ = 12·3 = 36 kN, acting at x̄ = 2.5 m
ΣMA = 0: RB·4 = 10·1.5 + 12·3·2.5
RB = 105/4 = 26.25 kN
ΣFy = 0: RA = 46 − 26.25 = 19.75 kN
Answer
RA = 19.75 kN
3.Truss: method of joints
Answer: member CG
Zero-force members: at a joint, the forces must balance in every direction. If a joint has no load and no support, and two of its three members are in line, then the balance across that line involves only the third member, so its force is zero. If only two members meet at an unloaded joint and they are not in line, both are zero.
Joint G
FG and GH lie on one straight line and the joint carries no load. Balancing forces across that line leaves only CG.
ΣF⊥ = 0 → FCG = 0
Check with the method of joints
Solving all joints gives these member forces (T = tension, C = compression).
Zero-force members: at a joint, the forces must balance in every direction. If a joint has no load and no support, and two of its three members are in line, then the balance across that line involves only the third member, so its force is zero. If only two members meet at an unloaded joint and they are not in line, both are zero.
Joint D
CD and DE lie on one straight line and the joint carries no load. Balancing forces across that line leaves only DH.
ΣF⊥ = 0 → FDH = 0
Check with the method of joints
Solving all joints gives these member forces (T = tension, C = compression).
Largest bending moment: M changes slope wherever the shear force changes, so its peaks sit where the shear force crosses zero: under a point load, inside a distributed load, or over a support of an overhang. At a fixed support of a cantilever the moment is largest at the wall. Compare the size of M at those places, sagging or hogging.
Support reactions
Take moments about one support, then use the vertical force balance.
R1 = 40 kN, R2 = 35 kN
Bending moment at every mark
Sum the moments of all forces on one side of the cut. Sagging is positive, hogging negative.
MA = 0, MB = 40, MC = 80, MD = 105 kN·m, ME = 70, MF = 35, MG = 0
Answer
Mark D: MD = 105 kN·m
6.Shear force & bending moment
Answer: E (x = 4 m)
Largest bending moment: M changes slope wherever the shear force changes, so its peaks sit where the shear force crosses zero: under a point load, inside a distributed load, or over a support of an overhang. At a fixed support of a cantilever the moment is largest at the wall. Compare the size of M at those places, sagging or hogging.
Support reactions
Take moments about one support, then use the vertical force balance.
R1 = 62.5 kN, R2 = 107.5 kN
Bending moment at every mark
Sum the moments of all forces on one side of the cut. Sagging is positive, hogging negative.
MA = 0, MB = −35, MC = −15, MD = −50, ME = −100 kN·m, MF = −50, MG = 0
Answer
Mark E: ME = −100 kN·m
7.Beam deflection
Answer: δmax = 1.758 mm
Beam deflection: deflections come from integrating the curvature M/(EI) twice. Standard cases are tabulated, for example PL³/(3EI) for a cantilever with an end load and 5wL⁴/(384EI) for a simply supported beam under a full uniform load. Deflections from separate loads add (superposition).
Consistent units
Work in N and mm: P in N, w in N/mm (kN/m = N/mm), L in mm, E in N/mm² (GPa × 1000), I in mm⁴.
w = 4 N/mm, L = 3000 mm
EI = 2.4 × 10¹² N·mm²
Deflection
δmax = 5wL⁴/(384EI) = 5·4·3000⁴/(384·2.4 × 10¹²) = 1.758 mm
Answer
δmax = 1.758 mm
8.Beam deflection
Answer: hreq = 130.2 mm
Beam deflection: deflections come from integrating the curvature M/(EI) twice. Standard cases are tabulated, for example PL³/(3EI) for a cantilever with an end load and 5wL⁴/(384EI) for a simply supported beam under a full uniform load. Deflections from separate loads add (superposition).
Consistent units
Work in N and mm: P in N, w in N/mm (kN/m = N/mm), L in mm, E in N/mm² (GPa × 1000), I in mm⁴.
bh³/12 = Ireq → h = (12·2.301 × 10⁷/125)1/3 = 130.2 mm
Answer
hreq = 130.2 mm
In practice, choose the next standard depth above this value.
9.Column buckling
Answer: Pcr = 8.721 kN
Euler buckling: a slender column becomes unstable at Pcr = π²EI/(KL)², where KL is the effective length: K = 1 for pinned–pinned, 2 for fixed–free, 0.7 for fixed–pinned and 0.5 for fixed–fixed. It buckles about the axis with the smallest I. The formula holds for slender columns, whose critical stress stays below the yield stress.
Euler buckling: a slender column becomes unstable at Pcr = π²EI/(KL)², where KL is the effective length: K = 1 for pinned–pinned, 2 for fixed–free, 0.7 for fixed–pinned and 0.5 for fixed–fixed. It buckles about the axis with the smallest I. The formula holds for slender columns, whose critical stress stays below the yield stress.
Smallest second moment of area
A round section has the same I about every axis.
I = πd⁴/64 = π·30⁴/64 = 39761 mm⁴
Radius of gyration and slenderness
A = 706.9 mm²
r = √(I/A) = √(39761/706.9) = 7.5 mm
KL = 1·6000 = 6000 mm
KL/r = 6000/7.5 = 800
Critical stress
σcr = π²E/(KL/r)² = π²·200000/800² = 3.084 MPa
Answer
σcr = 3.084 MPa
11.Centroid & second moment of area
Answer: Ix = 33.73 × 10⁶ mm⁴
Composite areas: split the section into rectangles. The centroid is the area-weighted average ȳ = ΣAᵢyᵢ/ΣAᵢ. The second moment of area about the centroidal axis adds each part’s own bh³/12 and its parallel-axis term A·d², where d is the distance from the part’s centroid to the overall centroid. Bending stress is σ = M·y/I.
Split into two rectangles
Measure every y from the bottom edge.
flange: Af = 300·30 = 9000 mm², yf = 200 + 30/2 = 215 mm
Composite areas: split the section into rectangles. The centroid is the area-weighted average ȳ = ΣAᵢyᵢ/ΣAᵢ. The second moment of area about the centroidal axis adds each part’s own bh³/12 and its parallel-axis term A·d², where d is the distance from the part’s centroid to the overall centroid. Bending stress is σ = M·y/I.
Outer rectangle minus the two side cut-outs
Both cut-outs together are (B − tw) wide and hw = H − 2tf high, and share the axis x.
Effective stress (Terzaghi): the soil skeleton carries σ′ = σ − u. The total stress σ is the weight of everything above the point, Σγ·h, using the dry unit weight above the water table and the saturated unit weight below it. Below the water table the pore water pressure is hydrostatic: u = γw·(depth below the water table).
Pore water pressure
Water pressure grows with depth below the water table.
u = γw·(z − zw) = 9.81·3 = 29.43 kPa
Answer
u = 29.43 kPa
14.Effective stress in soil
Answer: σ′ = 74.45 kPa
Effective stress (Terzaghi): the soil skeleton carries σ′ = σ − u. The total stress σ is the weight of everything above the point, Σγ·h, using the dry unit weight above the water table and the saturated unit weight below it. Below the water table the pore water pressure is hydrostatic: u = γw·(depth below the water table).
Total stress
Add the weight of each soil band above X. Above the water table use the dry unit weight, below it the saturated one.
σ = γd·2 + γsat,sand·1 + γsat,clay·4
σ = 15.5·2 + 20.5·1 + 18·4 = 123.5 kPa
Pore water pressure
Water pressure grows with depth below the water table.
u = γw·(z − zw) = 9.81·5 = 49.05 kPa
Effective stress
σ′ = σ − u = 123.5 − 49.05 = 74.45 kPa
Answer
σ′ = 74.45 kPa
15.Consolidation settlement
Answer: S = 11.3 mm
Primary consolidation of a clay layer of thickness H, using the effective stress at the middle of the layer: σ′f = σ′0 + Δσ. Normally consolidated clay: S = Cc·H/(1 + e0)·log₁₀(σ′f/σ′0). Overconsolidated clay recompresses along Cr up to the preconsolidation pressure σ′p and follows Cc only beyond it. Time: t = Tv·Hdr²/cv, where the drainage path Hdr is H/2 when water can leave at the top and bottom, and H when only one side drains.
Preconsolidation pressure
σ′p = OCR·σ′0 = 3·110 = 330 kPa
Compare with the preconsolidation pressure
σ′f = 110 + 80 = 190 kPa ≤ 330 kPa
Settlement
The clay stays on its recompression line.
S = Cr·H/(1 + e0)·log₁₀(σ′f/σ′0) = 0.02·5/(1 + 1.1)·log₁₀(190/110) = 11.3 mm
Answer
S = 11.3 mm
16.Consolidation settlement
Answer: t = 4.827 years
Primary consolidation of a clay layer of thickness H, using the effective stress at the middle of the layer: σ′f = σ′0 + Δσ. Normally consolidated clay: S = Cc·H/(1 + e0)·log₁₀(σ′f/σ′0). Overconsolidated clay recompresses along Cr up to the preconsolidation pressure σ′p and follows Cc only beyond it. Time: t = Tv·Hdr²/cv, where the drainage path Hdr is H/2 when water can leave at the top and bottom, and H when only one side drains.
Drainage path
Hdr = H/2 = 7/2 = 3.5 m
Time
t = Tv·Hdr²/cv = 0.197·3.5²/0.5 = 4.827 years
Answer
t = 4.827 years
17.Hydrostatic force
Answer: F = 98.1 kN
Hydrostatic force on a plane surface: F = ρ·g·yc·A. It acts at the centre of pressure, ycp = yc + Ic/(ycA), which always lies below the centroid.
Centroid depth and area
yc = d + H/2 = 1.5 + 2/2 = 2.5 m
A = H·b = 2·2 = 4 m²
Resultant force
F = ρ·g·yc·A = 1000·9.81·2.5·4 = 98.1 kN
Answer
F = 98.1 kN
18.Hydrostatic force
Answer: F = 170 kN
Hydrostatic force on a plane surface: F = ρ·g·yc·A. It acts at the centre of pressure, ycp = yc + Ic/(ycA), which always lies below the centroid.
Centroid depth and area
yc = d + H/2 = 1.5 + 2.5/2 = 2.75 m
A = H·b = 2.5·2 = 5 m²
Resultant force
F = ρ·g·yc·A = 1260·9.81·2.75·5 = 170 kN
Answer
F = 170 kN
19.Pipe friction & head loss
Answer: hf = 2.691 m
Pipe flow: the Reynolds number Re = V·D/ν = ρ·V·D/μ tells laminar flow (Re below about 2000) from turbulent flow (above about 4000). Friction along a pipe costs the Darcy–Weisbach head loss hf = f·(L/D)·V²/(2g). Fittings, valves, the entrance and the exit add minor losses hm = ΣK·V²/(2g). Between two open reservoir surfaces the energy equation gives Δz = hf + hm, with the exit loss K = 1 included.
Velocity head
V²/(2g) = 2²/(2·9.81) = 0.2039 m
Darcy–Weisbach
hf = f·(L/D)·V²/(2g) = 0.022·(150/0.25)·2²/(2·9.81) = 2.691 m
Answer
hf = 2.691 m
20.Pipe friction & head loss
Answer: H = 11.27 m
Pipe flow: the Reynolds number Re = V·D/ν = ρ·V·D/μ tells laminar flow (Re below about 2000) from turbulent flow (above about 4000). Friction along a pipe costs the Darcy–Weisbach head loss hf = f·(L/D)·V²/(2g). Fittings, valves, the entrance and the exit add minor losses hm = ΣK·V²/(2g). Between two open reservoir surfaces the energy equation gives Δz = hf + hm, with the exit loss K = 1 included.
Velocity
V = Q/A = 0.02/0.007854 = 2.546 m/s
V²/(2g) = 0.3305 m
Loss coefficients
f·L/D = 0.018·150/0.1 = 27
ΣK = 0.5 + 2·0.3 + 5 = 6.1
Energy equation
The outlet jet still carries its velocity head; it is not a loss but it has to be supplied.
H = (1 + 27 + 6.1)·0.3305 = 11.27 m
Answer
H = 11.27 m
21.Open-channel flow (Manning)
Answer: Q = 8.334 m³/s
Manning’s equation (SI): for uniform flow in an open channel V = (1/n)·R2/3·S1/2 and Q = A·V, with n the roughness coefficient, S the bed slope (m/m) and R = A/P the hydraulic radius: flow area divided by wetted perimeter. Only the boundary in contact with the water counts in P, not the free surface. Rectangle: A = b·y, P = b + 2y. Trapezoid with side slopes z:1 (horizontal:vertical): A = (b + z·y)·y, P = b + 2y·√(1 + z²). A circular pipe flowing full or half full has R = D/4.
Geometry
A = b·y = 5.5·1 = 5.5 m²
P = b + 2y = 5.5 + 2·1 = 7.5 m
R = A/P = 0.7333 m
Velocity
V = (1/0.012)·0.73332/3·0.00051/2 = 1.515 m/s
Flow rate
Q = A·V = 5.5·1.515 = 8.334 m³/s
Answer
Q = 8.334 m³/s
22.Open-channel flow (Manning)
Answer: S = 0.007694 m/m
Manning’s equation (SI): for uniform flow in an open channel V = (1/n)·R2/3·S1/2 and Q = A·V, with n the roughness coefficient, S the bed slope (m/m) and R = A/P the hydraulic radius: flow area divided by wetted perimeter. Only the boundary in contact with the water counts in P, not the free surface. Rectangle: A = b·y, P = b + 2y. Trapezoid with side slopes z:1 (horizontal:vertical): A = (b + z·y)·y, P = b + 2y·√(1 + z²). A circular pipe flowing full or half full has R = D/4.
Hydraulic radius
R = D/4 = 0.3/4 = 0.075 m
Solve Manning for S
S = (n·V/R2/3)² = (0.013·1.2/0.1778)² = 0.007694
Answer
S = 0.007694
That is a fall of 7.694 m per kilometre.
23.Pumps & pump power
Answer: Pshaft = 2.515 kW
Pump power: the power given to the water is the hydraulic power Ph = ρ·g·Q·H = Q·Δp. The shaft must deliver more because the pump loses some: Pshaft = Ph/ηpump, and the motor draws Pel = Pshaft/ηmotor. The pump head H follows from the energy equation: static lift + pressure head + all friction and minor losses.
Hydraulic power
Ph = ρ·g·Q·H = 1000·9.81·0.02·10 = 1.962 kW
Shaft power
Pshaft = Ph/η = 1.962/0.78 = 2.515 kW
Answer
Pshaft = 2.515 kW
24.Pumps & pump power
Answer: H = 43.08 m
Pump power: the power given to the water is the hydraulic power Ph = ρ·g·Q·H = Q·Δp. The shaft must deliver more because the pump loses some: Pshaft = Ph/ηpump, and the motor draws Pel = Pshaft/ηmotor. The pump head H follows from the energy equation: static lift + pressure head + all friction and minor losses.
Both surfaces are open and practically at rest, so pressure and velocity terms drop out.
H = Δz + hL = 33 + 10.08 = 43.08 m
Answer
H = 43.08 m
25.Time value of money
Answer: PV = 30029 €
Time value of money: money today is worth more than the same amount later, because it can earn interest. With interest rate i per period, an amount grows as FV = PV·(1 + i)n. A series of equal payments (an annuity) is valued by adding up each payment, which gives the annuity formulas.
Rate and number of periods
i = 0.036000000000000004/4 = 0.009
N = 4·8 = 32
Present value
PV = FV/(1 + i)N = 40 000/1.332 = €30 029.12
Answer
PV = €30 029.12
26.Time value of money
Answer: I = 3999 €
Time value of money: money today is worth more than the same amount later, because it can earn interest. With interest rate i per period, an amount grows as FV = PV·(1 + i)n. A series of equal payments (an annuity) is valued by adding up each payment, which gives the annuity formulas.
Monthly payment
i = 0.005, N = 60
A = 25 000·0.005/(1 − (1 + 0.005)−60) = €483.32
Total interest
I = N·A − P = 60·483.3 − 25 000 = €3 999.20
Answer
I = €3 999.20
27.NPV & IRR
Answer: NPV = −9124 €
Net present value: discount every cash flow back to today with the required rate of return r, then add them up: NPV = Σ CFₜ/(1 + r)ᵗ. A project with NPV > 0 earns more than r and adds value. The internal rate of return (IRR) is the rate at which NPV = 0.
Present value of each cash flow
CF0 = −30 000
CF1/(1 + 0.07)1 = 7 000/1.07 = 6 542.06
CF2/(1 + 0.07)2 = 8 000/1.145 = 6 987.51
CF3/(1 + 0.07)3 = 9 000/1.225 = 7 346.68
Add them up
NPV = €−9 123.75
Answer
NPV = €−9 123.75
NPV is negative, so the project earns less than the required return.
28.NPV & IRR
Answer: IRR = 29.94 %
Net present value: discount every cash flow back to today with the required rate of return r, then add them up: NPV = Σ CFₜ/(1 + r)ᵗ. A project with NPV > 0 earns more than r and adds value. The internal rate of return (IRR) is the rate at which NPV = 0.
Bracket the IRR
NPV falls as the rate rises, so the IRR lies between a rate with positive NPV and one with negative NPV.
NPV(25%) = 1 328.00
NPV(30%) = −15.93
Narrow down
Linear interpolation gives a first estimate; repeating it (or a calculator's IRR function) gives the exact rate.
Normal distribution: convert a value x to a z-score, z = (x − μ)/σ, which counts standard deviations from the mean. A z-table (or Φ(z)) gives the area to the left of z, which is P(X < x). The area to the right is 1 − Φ(z), and the area between two values is the difference of their two areas.
z-scores
z₁ = (26.3 − 32)/6 = −0.95
z₂ = (33.2 − 32)/6 = 0.2
Area between
P = Φ(0.2) − Φ(−0.95) = 0.5793 − 0.1711 = 0.4082
Answer
P = 0.4082
30.Normal distribution
Answer: P = 0.7389
Sums and differences of normal variables: if X and Y are independent and normal, X + Y and X − Y are normal too. Means add or subtract: E(X ± Y) = μX ± μY. Variances always add, also for a difference: Var(X ± Y) = σX² + σY², so σ = √(σX² + σY²). Standard deviations never add directly. The total of n independent items with the same distribution has mean n·μ and standard deviation σ·√n. Then standardise as usual: z = (x − mean)/σ and read Φ(z).
Distribution of the difference
μ = 180 − 170 = 10 cm, σ = 15.62 cm
Standardise
z = (0 − 10)/15.62 = −0.64
Probability
P = 1 − Φ(−0.64) = 0.7389
Answer
P = 0.7389
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