±–Š‘†‡•—±”‹“—‡•






 dŶΣϭ
džĞƌĐŝĐĞϭ͗

^Žŝƚů͛ĠƋƵĂƚŝŽŶƐƵŝǀĂŶƚĞ͗‫ ݔ‬ଷ െ ‫ ݔ‬െ ͳ ൌ Ͳ

ϭ͘ DŽŶƚƌĞƌƋƵĞĐĞƚƚĞĠƋƵĂƚŝŽŶƉŽƐƐğĚĞƵŶĞƐŽůƵƚŝŽŶĚĂŶƐů͛ŝŶƚĞƌǀĂůůĞ΀ϭ͕Ϯ΁͘
Ϯ͘ ƐƚͲĐĞͲƋƵĞĐĞƚƚĞƐŽůƵƚŝŽŶĞƐƚƵŶŝƋƵĞ͍
ϯ͘ ĂůĐƵůĞƌƵŶĞĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞĐĞƚƚĞƐŽůƵƚŝŽŶĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞůĂďŝƐƐĞĐƚŝŽŶ
ĂǀĞĐƵŶĞƉƌĠĐŝƐŝŽŶĚĞͳͲିଶ͘

džĞƌĐŝĐĞϮ͗
hƚŝůŝƐĞƌ ůĂ ŵĠƚŚŽĚĞ ĚĞ ůĂ ďŝƐƐĞĐƚŝŽŶ ƉŽƵƌ ĐĂůĐƵůĞƌ ƵŶĞ ĂƉƉƌŽdžŝŵĂƚŝŽŶ ĚĞ ůĂ ƐŽůƵƚŝŽŶ ĚĞ
ů͛ĠƋƵĂƚŝŽŶ͗ͳ െ ‫ ݁ݔ‬௫ ൌ ͲĚĂŶƐů͛ŝŶƚĞƌǀĂůůĞሾͲǡͳሿĂǀĞĐƵŶĞƉƌĠĐŝƐŝŽŶߝ ൌ ͳͲିଷ͘

džĞƌĐŝĐĞϯ͗
^Žŝƚů͛ĠƋƵĂƚŝŽŶƐƵŝǀĂŶƚĞ͗‫ ݔ‬െ ͲǤͺ െ ͲǤʹ •‹ ‫ ݔ‬ൌ Ͳ
గ గ
ŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞEĞǁƚŽŶͲZĂƉŚƐŽŶƌĠƐŽƵĚƌĞů͛ĠƋƵĂƚŝŽŶĚĂŶƐů͛ŝŶƚĞƌǀĂůůĞቂ ସ ǡ ଶ ቃĂǀĞĐ
గ
ůĂƉƌĠĐŝƐŝŽŶߝ ൌ ͳͲିହ Ğƚ‫ݔ‬଴ ൌ ସ ͘

džĞƌĐŝĐĞϰ͗

KŶǀĞƵƚĠǀĂůƵĞƌξܽĞŶĂƉƉůŝƋƵĂŶƚůĂŵĠƚŚŽĚĞĚĞEĞǁƚŽŶͲZĂƉŚƐŽŶ͘

ϭ͘ ĐƌŝƌĞů͛ĠƋƵĂƚŝŽŶƌĠĐƵƌƌĞŶƚĞ
Ϯ͘ KŶĐŽŶƐŝĚğƌĞŵĂŝŶƚĞŶĂŶƚƋƵĞܽ ൌ ͹Ğƚů͛ŝŶƚĞƌǀĂůůĞሾͳǡͶሿ͘
Ă͘ sĠƌŝĨŝĞƌ ƋƵĞ ůĂ ŵĠƚŚŽĚĞ ĚĞ EĞǁƚŽŶͲZĂƉŚƐŽŶ ĞƐƚ ĐŽŶǀĞƌŐĞŶƚĞ ǀĞƌƐ ƵŶĞ ƐŽůƵƚŝŽŶ
ƵŶŝƋƵĞ͘
ď͘ ŽŶŶĞƌůĞƐƋƵĂƚƌĞƉƌĞŵŝğƌĞƐŝƚĠƌĂƚŝŽŶƐƉŽƵƌůĞƐĚĞƵdžĐĂƐ͗‫ݔ‬଴ ൌ ͳĞƚ‫ݔ‬଴ ൌ ͵͘

džĞƌĐŝĐĞϱ͗
^Žŝƚů͛ĠƋƵĂƚŝŽŶƐƵŝǀĂŶƚĞ͗…‘• ‫ ݔ‬െ ‫ ݔ‬ൌ Ͳ

ϭ͘ DŽŶƚƌĞƌƋƵĞĐĞƚƚĞĠƋƵĂƚŝŽŶƉŽƐƐğĚĞƵŶĞƐŽůƵƚŝŽŶĚĂŶƐů͛ŝŶƚĞƌǀĂůůĞ΀Ϭ͕ϭ΁͘
Ϯ͘ dƌŽƵǀĞƌůĂĨŽŶĐƚŝŽŶ݃ሺ‫ݔ‬ሻƋƵŝĂƐƐƵƌĞůĂĐŽŶǀĞƌŐĞŶĐĞĚĞůĂŵĠƚŚŽĚĞĚƵƉŽŝŶƚĨŝdžĞ͘
ϯ͘ ĂůĐƵůĞƌůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞĂǀĞĐůĂƉƌĠĐŝƐŝŽŶߝ ൌ ͳͲିଶĞƚ‫ݔ‬଴ ൌ ͲǤͷ͘

džĞƌĐŝĐĞϲ͗
KŶǀĞƵƚƌĠƐŽƵĚƌĞů͛ĠƋƵĂƚŝŽŶ͗‫ ݔ‬ଷ െ ‫ ݔ‬െ ͳ ൌ ͲƉĂƌůĂŵĠƚŚŽĚĞĚƵƉŽŝŶƚĨŝdžĞĚĂŶƐů͛ŝŶƚĞƌǀĂůůĞ
ሾͳǡʹሿ͘
య
ϭ͘ DŽŶƚƌĞƌƋƵĞůĂĨŽŶĐƚŝŽŶ‫ ݔ‬ൌ ݃ሺ‫ݔ‬ሻ ൌ ξ‫ ݔ‬൅ ͳǀĠƌŝĨŝĞůĞƐĐŽŶĚŝƚŝŽŶƐĚĞĐŽŶǀĞƌŐĞŶĐĞ͘
Ϯ͘ ĂůĐƵůĞƌůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞĂǀĞĐůĂƉƌĠĐŝƐŝŽŶߝ ൌ ͳͲିଶĞƚ‫ݔ‬଴ ൌ ͳǤͷ͘
ϯ͘ ŽŵƉĂƌĞƌ ůĞ ŶŽŵďƌĞ Ě͛ŝƚĠƌĂƚŝŽŶƐ ŽďƚĞŶƵ ĂǀĞĐ ĐĞůƵŝ ĚĞ ů͛ĞdžĞƌĐŝĐĞ ϭ͘ YƵĞ ƉĞƵƚͲŽŶ
ĐŽŶĐůƵƌĞ͍

ϯϰ

 ^ŽůƵƚŝŽŶĚƵdŶΣϭ
džĞƌĐŝĐĞϭ͗
‫ ݔ‬ଷ െ ‫ ݔ‬െ ͳ ൌ Ͳ͕‫ א ݔ‬ሾͳǡʹሿ
KŶƉŽƐĞ݂ሺ‫ݔ‬ሻ ൌ ‫ ݔ‬ଷ െ ‫ ݔ‬െ ͳ ൌ Ͳ
ϭ͘ >͛ĞdžŝƐƚĞŶĐĞĚĞůĂƐŽůƵƚŝŽŶĚĂŶƐů͛ŝŶƚĞƌǀĂůůĞሾ૚ǡ ૛ሿ͗
ƒˆ‘…–‹‘݂‡•–—’‘Ž›Ø‡ǡ ƒŽ‘”•
݂‡•–…‘–‹—‡•—”Թ‡–†‘…•—”ሾͳǡʹሿǤቑ ֜ ‫ א ܿ׌‬ሾͳǡʹሿǢ ݂ሺܿሻ ൌ Ͳ
݂ሺͳሻ ൌ െͳǡ ݂ሺʹሻ ൌ ͷǢ ݂ሺͳሻǤ ݂ሺʹሻ ൏ Ͳ
Ϯ͘ >͛ƵŶŝĐŝƚĠĚĞůĂƐŽůƵƚŝŽŶ͗
݂ ᇱ ሺ‫ݔ‬ሻ ൌ ͵‫ ݔ‬ଶ െ ͳ ൐ Ͳ‫ א ݔ׊‬ሾͳǡʹሿ  ֜ ݂ ա
ĨĞƐƚŵŽŶŽƚŽŶĞ֜ůĂƐŽůƵƚŝŽŶĐĞƐƚƵŶŝƋƵĞ͘
ϯ͘ >ĂďŝƐƐĞĐƚŝŽŶ͗
KŶ ĂƉƉůŝƋƵĞ ŵĂŝŶƚĞŶĂŶƚ ůĂ ŵĠƚŚŽĚĞ ĚĞ ůĂ ďŝƐƐĞĐƚŝŽŶ ĂǀĞĐ ߝ ൌ ͳͲିଶ͘ KŶ ƉƌĞŶĚƌĂϯ ĐŚŝĨĨƌĞƐ
ĂƉƌğƐůĂǀŝƌŐƵůĞĞƚůĞŶŽŵďƌĞĚ͛ŝƚĠƌĂƚŝŽŶƐ݊ƉĞƵƚġƚƌĞĐĂůĐƵůĠĚ͛ĂǀĂŶĐĞƉĂƌůĂĨŽƌŵƵůĞ͗
ܾെܽ
݈݊ ଶ
ߝ ൌ ݈݊ͳͲ ൌ ͸Ǥ͸͹ ֜ ݊ ൌ ͹‹–±”ƒ–‹‘•
݊൒
݈݊ʹ ݈݊ʹ

ܽ൅ܾ
݊ ܽ ܾ ܿൌ  ܾ െ ܿ ݂ሺܿሻ
ʹ
ϭ ϭ͘ϬϬϬ Ϯ͘ϬϬϬ ϭ͘ϱϬϬ Ϭ͘ϱϬϬ нϬ͘ϴϳϱ

Ϯ ϭ͘ϬϬϬ ϭ͘ϱϬϬ ϭ͘ϮϱϬ Ϭ͘ϮϱϬ ͲϬ͘Ϯϵϳ

ϯ ϭ͘ϮϱϬ ϭ͘ϱϬϬ ϭ͘ϯϳϱ Ϭ͘ϭϮϱ нϬ͘ϮϮϱ

ϰ ϭ͘ϮϱϬ ϭ͘ϯϳϱ ϭ͘ϯϭϮ Ϭ͘Ϭϲϯ ͲϬ͘Ϭϱϰ

ϱ ϭ͘ϯϭϮ ϭ͘ϯϳϱ ϭ͘ϯϰϯ Ϭ͘ϬϯϮ нϬ͘Ϭϳϵ

ϲ ϭ͘ϯϭϮ ϭ͘ϯϰϯ ϭ͘ϯϮϳ Ϭ͘Ϭϭϲ нϬ͘ϬϭϬ

ϳ ϭ͘ϯϭϮ ϭ͘ϯϮϳ ϭ͘ϯϭϵ Ϭ͘ϬϬϴ ͲϬ͘ϬϮϰ

ܾ െ ܿ ൌ ͳǤ͵ʹ͹ െ ͳǤ͵ͳͻ ൌ ͲǤͲͲͺ ൑ ߝ ൌ ͲǤͲͳͲ ĚŽŶĐ ŽŶ ĂƌƌġƚĞ ůĞƐ ĐĂůĐƵůƐ Ğƚ ůĂ ƐŽůƵƚŝŽŶ ĞƐƚ
ܿ ؄ ͳǤ͵ͳͻĞƚŽŶƉĞƵƚĠĐƌŝƌĞܿ ൌ ͳǤ͵ͳͻ േ ͲǤͲͳͲ͘

džĞƌĐŝĐĞϮ͗
ŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞůĂďŝƐƐĞĐƚŝŽŶ͕ŽŶǀĂĐĂůĐƵůĞƌůĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĚĞů͛ĠƋƵĂƚŝŽŶ͗
݂ሺ‫ݔ‬ሻ ൌ ͳ െ ‫ ݁ݔ‬௫ ൌ Ͳ‘—ư ‫ א ݔ‬ሾͲǡͳሿ‡–ߝ ൌ ͳͲିଷ 

ϯϱ

 ݂‡•–…‘–‹—‡•—”ሾͲǡͳሿǤ
ൠ ֜ ‫ א ܿ׌‬ሾͲǡͳሿǢ ݂ሺܿሻ ൌ Ͳ
݂ሺͲሻ ൌ ͳǡ ݂ሺͳሻ ൌ െͳǤ͹ͳͺǢ ݂ሺͲሻǤ ݂ሺͳሻ ൏ Ͳ
ĞƉůƵƐ͕݂ ᇱ ሺ‫ݔ‬ሻ ൌ െ݁ ௫ ሺͳ ൅ ‫ݔ‬ሻ ൏ Ͳ‫ א ݔ׊‬ሾͳǡʹሿ  ֜ ݂ բ
ĨĞƐƚŵŽŶŽƚŽŶĞ֜ůĂƐŽůƵƚŝŽŶĐĞƐƚƵŶŝƋƵĞ͘
>ĂŵĠƚŚŽĚĞĚĞůĂďŝƐƐĞĐƚŝŽŶ͗
KŶƉƌĞŶĚƌĂϰĐŚŝĨĨƌĞƐĂƉƌğƐůĂǀŝƌŐƵůĞĞƚůĞŶŽŵďƌĞĚ͛ŝƚĠƌĂƚŝŽŶƐ݊ĞƐƚ͗
ܾെܽ
݈݊ ߝ ݈݊ͳͲଷ
݊൒ ൌ ൌ ͻǤͻ͹ ֜ ݊ ൌ ͳͲ‹–±”ƒ–‹‘•
݈݊ʹ ݈݊ʹ

ܽ൅ܾ
݊ ܽ ܾ ܿൌ  ܾ െ ܿ ݂ሺ‫ݔ‬ሻ
ʹ
ϭ Ϭ͘ϬϬϬϬ ϭ͘ϬϬϬϬ Ϭ͘ϱϬϬϬ Ϭ͘ϱϬϬϬ нϬ͘ϭϳϱϲ

Ϯ Ϭ͘ϱϬϬϬ ϭ͘ϬϬϬϬ Ϭ͘ϳϱϬϬ Ϭ͘ϮϱϬϬ ͲϬ͘ϱϴϳϳ

ϯ Ϭ͘ϱϬϬϬ Ϭ͘ϳϱϬϬ Ϭ͘ϲϮϱϬ Ϭ͘ϭϮϱϬ ͲϬ͘ϭϲϳϲ

ϰ Ϭ͘ϱϬϬϬ Ϭ͘ϲϮϱϬ Ϭ͘ϱϲϮϱ Ϭ͘ϬϲϮϱ нϬ͘ϬϭϮϴ

ϱ Ϭ͘ϱϲϮϱ Ϭ͘ϲϮϱϬ Ϭ͘ϱϵϯϳ Ϭ͘Ϭϯϭϯ ͲϬ͘ϬϳϱϬ

ϲ Ϭ͘ϱϲϮϱ Ϭ͘ϱϵϯϳ Ϭ͘ϱϳϴϭ Ϭ͘Ϭϭϱϲ ͲϬ͘ϬϯϬϱ

ϳ Ϭ͘ϱϲϮϱ Ϭ͘ϱϳϴϭ Ϭ͘ϱϳϬϯ Ϭ͘ϬϬϳϴ ͲϬ͘ϬϬϴϳ

ϴ Ϭ͘ϱϲϮϱ Ϭ͘ϱϳϬϯ Ϭ͘ϱϲϲϰ Ϭ͘ϬϬϯϵ нϬ͘ϬϬϮϬ

ϵ Ϭ͘ϱϲϲϰ Ϭ͘ϱϳϬϯ Ϭ͘ϱϲϴϯ Ϭ͘ϬϬϮϬ ͲϬ͘ϬϬϯϮ

ϭϬ Ϭ͘ϱϲϲϰ Ϭ͘ϱϲϴϯ Ϭ͘ϱϲϳϯ Ϭ͘ϬϬϭϬ нϬ͘ϬϬϬϰ

ܾ െ ܿ ൌ ͲǤͷ͸ͺ͵ െ ͲǤͷ͸͹͵ ൌ ͲǤͲͲͳͲ ൑ ߝ ൌ ͲǤͲͲͳͲĚŽŶĐŽŶĂƌƌġƚĞůĞƐĐĂůĐƵůƐĞƚůĂƐŽůƵƚŝŽŶ

ĞƐƚܿ ؄ ͲǤͷ͸͹͵ĞƚŽŶƉĞƵƚĠĐƌŝƌĞܿ ൌ ͲǤͷ͸͹͵ േ ͲǤͲͲͳͲ͘

džĞƌĐŝĐĞϯ͗
గ గ గ
݂ሺ‫ݔ‬ሻ ൌ ‫ ݔ‬െ ͲǤͺ െ ͲǤʹ •‹ ‫ ݔ‬ൌ Ͳ͕‫ א ݔ‬ቂ ସ ǡ ଶ ቃ ǡ ߝ ൌ ͳͲିହ ‡–‫ݔ‬଴ ൌ ସ 

ƚƵĚĞĚĞůĂĐŽŶǀĞƌŐĞŶĐĞ͗
గ గ
>ĂĨŽŶĐƚŝŽŶĨĞƐƚĚĠĨŝŶŝĞƐƵƌů͛ŝŶƚĞƌǀĂůůĞቂ ǡ ቃƚĞůƋƵĞ͗
ସ ଶ





ϯϲ

 ĂͿ 
ߨ
݂ ቀ ቁ ൌ െͲǤͳ͸ ߨ ߨ
Ͷ ൢ ֜ ݂ ቀ ቁ Ǥ ݂ ቀ ቁ ൏ Ͳ
ߨ Ͷ ʹ
݂ ቀ ቁ ൌ ͲǤͷ͹
ʹ
ďͿ 
݂ ᇱ ሺ‫ݔ‬ሻ ൌ ͳ െ ͲǤʹ …‘• ‫ݔ‬
݂ ᇱ ሺ‫ݔ‬ሻ ൌ Ͳ ֜ ͳ െ ͲǤʹ …‘• ‫ ݔ‬ൌ Ͳ ֜ …‘• ‫ ݔ‬ൌ ͷŝŵƉŽƐƐŝďůĞĚĞƌĠƐŽƵĚƌĞƉƵŝƐƋƵĞ…‘• ‫ א ݔ‬ሾെͳǡͳሿ
ĚŽŶĐ
ߨ ߨ
݂ ᇱ ሺ‫ݔ‬ሻ ് Ͳ‫ א ݔ׊‬ቂ ǡ ቃ
Ͷ ʹ
ĐͿ 
ߨ ߨ
݂ ᇱᇱ ሺ‫ݔ‬ሻ ൌ ͲǤʹ‫ א ݔ׊Ͳ ് ݔ݊݅ݏ‬ቂ ǡ ቃ
Ͷ ʹ
>ĂĨŽŶĐƚŝŽŶĨǀĠƌŝĨŝĞůĞƐϯĐŽŶĚŝƚŝŽŶƐ͕ĂůŽƌƐůĂŵĠƚŚŽĚĞĚĞEĞǁƚŽŶͲZĂƉŚƐŽŶĞƐƚĐŽŶǀĞƌŐĞŶƚĞ
ǀĞƌƐƵŶĞƐŽůƵƚŝŽŶƵŶŝƋƵĞ
>ĂĨŽƌŵƵůĞƌĠĐƵƌƐŝǀĞĞƐƚ͗
݂ሺ‫ݔ‬௞ିଵ ሻ ‫ݔ‬௞ିଵ െ ͲǤͺ െ ͲǤʹ •‹ሺ‫ݔ‬௞ିଵ ሻ
‫ݔ‬௞ ൌ ‫ݔ‬௞ିଵ െ ൌ ‫ݔ‬௞ିଵ െ 
݂ ሺ‫ݔ‬௞ିଵ ሻ
ᇱ ͳ െ ͲǤʹ …‘•ሺ‫ݔ‬௞ିଵ ሻ

݇ ‫ݔ‬௞  ȁ‫ݔ‬௞ െ ‫ݔ‬௞ିଵ ȁ

Ϭ ߨ Ͷ

Ͷ

ϭ Ϭ͘ϵϲϳϭϮϬ Ϭ͘ϭϴϭϳϮϮ

Ϯ Ϭ͘ϵϲϰϯϯϱ Ϭ͘ϬϬϮϳϴϱ

ϯ Ϭ͘ϵϲϰϯϯϰ Ϭ͘ϬϬϬϬϬϭ

ȁ‫ݔ‬௞ െ ‫ݔ‬௞ିଵ ȁ ൌ ȁͲǤͻ͸Ͷ͵͵Ͷ െ ͲǤͻ͸Ͷ͵͵ͷȁ ൌ ͲǤͲͲͲͲͲͳ ൑ ߝ ൌ ͳͲିହ 

֜ůĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĞƐƚ͗ܿ ؄ ͲǤͻ͸Ͷ͵͵Ͷ͘

džĞƌĐŝĐĞϰ͗
ϭ͘ >͛ĠƋƵĂƚŝŽŶƌĠĐƵƌƐŝǀĞ͗
‫ ݔ‬ൌ ξܽ  ֜ ‫ ݔ‬ଶ െ ܽ ൌ Ͳ
KŶƉŽƐĞ݂͗ሺ‫ݔ‬ሻ ൌ ‫ ݔ‬ଶ െ ܽ ൌ Ͳ

ϯϳ

 ଶ ଶ
݂ሺ‫ݔ‬௞ିଵ ሻ ‫ݔ‬௞ିଵ െܽ ‫ݔ‬௞ିଵ ൅ܽ
‫ݔ‬௞ ൌ ‫ݔ‬௞ିଵ െ  ֜  ‫ݔ‬௞ ൌ ‫ݔ‬௞ିଵ െ  ֜  ‫ݔ‬௞ ൌ 
݂ ሺ‫ݔ‬௞ିଵ ሻ
ᇱ ʹ‫ݔ‬௞ିଵ ʹ‫ݔ‬௞ିଵ
Ϯ͘ ܽ ൌ ͹Ğƚů͛ŝŶƚĞƌǀĂůůĞĞƐƚሾͳǡͶሿ
ĂͿ >ĂĐŽŶǀĞƌŐĞŶĐĞĚĞůĂŵĠƚŚŽĚĞĚĞEĞǁƚŽŶͲZĂƉŚƐŽŶ͗
WŽƵƌܽ ൌ ͹ŽŶĂƵƌĂ݂ሺ‫ݔ‬ሻ ൌ ‫ ݔ‬ଶ െ ͹ ൌ Ͳ
>ĂĨŽŶĐƚŝŽŶĨĞƐƚĚĠĨŝŶŝĞƐƵƌů͛ŝŶƚĞƌǀĂůůĞሾͳǡͶሿƚĞůƋƵĞ͗
݂ሺͳሻ ൌ െ͸
• ൠ ֜ ݂ሺͳሻǤ ݂ሺͶሻ ൏ Ͳ
݂ሺͶሻ ൌ ͻ
• ݂ ᇱ ሺ‫ݔ‬ሻ ൌ ʹ‫ ݔ‬൐ Ͳ‫ א ݔ׊‬ሾͳǡͶሿĚŽŶĐ݂ ᇱ ሺ‫ݔ‬ሻ ് Ͳ‫ א ݔ׊‬ሾͳǡͶሿ
• ݂ ᇱᇱ ሺ‫ݔ‬ሻ ൌ ʹ ് Ͳ͘
>ĞƐĐŽŶĚŝƚŝŽŶƐĚĞĐŽŶǀĞƌŐĞŶĐĞƐŽŶƚǀĠƌŝĨŝĠĞƐĚŽŶĐůĂŵĠƚŚŽĚĞĚĞEĞǁƚŽŶͲZĂƉŚƐŽŶĐŽŶǀĞƌŐĞ
ǀĞƌƐƵŶĞƐŽůƵƚŝŽŶƵŶŝƋƵĞܿ ‫ א‬ሾͳǡͶሿ͘
ďͿ >ĞĐĂůĐƵůĚĞƐϰƉƌĞŵŝğƌĞƐŝƚĠƌĂƚŝŽŶƐ͗
>͛ĠƋƵĂƚŝŽŶƌĠĐƵƌƐŝǀĞĞƐƚ͗
ଶ
‫ݔ‬௞ିଵ ൅͹
‫ݔ‬௞ ൌ 
ʹ‫ݔ‬௞ିଵ
WŽƵƌ‫ݔ‬଴ ൌ ͳWŽƵƌ‫ݔ‬଴ ൌ ͵

݇ ‫ݔ‬௞   ݇ ‫ݔ‬௞ 

Ϭ ϭ͘ϬϬϬϬ Ϭ ϯ͘ϬϬϬϬ

ϭ ϰ͘ϬϬϬϬ ϭ Ϯ͘ϲϲϲϳ

Ϯ Ϯ͘ϴϳϱϬ Ϯ Ϯ͘ϲϰϱϴ

ϯ Ϯ͘ϲϱϰϵ ϯ Ϯ͘ϲϰϱϳ

ϰ Ϯ͘ϲϰϱϴ ϰ Ϯ͘ϲϰϱϳ

džĞƌĐŝĐĞϱ͗
݂ሺ‫ݔ‬ሻ ൌ …‘• ‫ ݔ‬െ ‫ ݔ‬ൌ Ͳ
ϭ͘ >͛ĞdžŝƐƚĞŶĐĞĚ͛ƵŶĞƐŽůƵƚŝŽŶĚĂŶƐů͛ŝŶƚĞƌǀĂůůĞሾ૙ǡ ૚ሿ͗
݂‡•–…‘–‹—‡•—”ሾͲǡͳሿǤ
ൠ ֜ ‫ א ܿ׌‬ሾͲǡͳሿǢ ݂ሺܿሻ ൌ Ͳ
݂ሺͲሻ ൌ ͳǡ ݂ሺͳሻ ൌ െͲǤͶ͸Ǣ ݂ሺͲሻǤ ݂ሺͳሻ ൏ Ͳ
ĞƉůƵƐ͕݂ ᇱ ሺ‫ݔ‬ሻ ൌ െሺ•‹ ‫ ݔ‬൅ ͳሻ ൏ Ͳ‫ א ݔ׊‬ሾͲǡͳሿ  ֜ ݂ բ
ϯϴ

ĨĞƐƚŵŽŶŽƚŽŶĞ֜ůĂƐŽůƵƚŝŽŶĐĞƐƚƵŶŝƋƵĞ͘
Ϯ͘ >ĂĨŽŶĐƚŝŽŶŐ;džͿƋƵŝĂƐƐƵƌĞůĂĐŽŶǀĞƌŐĞŶĐĞĚĞůĂŵĠƚŚŽĚĞĚƵƉŽŝŶƚĨŝdžĞ͗
݂ሺ‫ݔ‬ሻ ൌ …‘• ‫ ݔ‬െ ‫ ݔ‬ൌ Ͳ ֜  …‘• ‫ ݔ‬ൌ ‫ݔ‬
KŶƉŽƐĞ͗݃ሺ‫ݔ‬ሻ ൌ ܿ‫ݔݏ݋‬
KŶǀĂǀĠƌŝĨŝĞƌůĞƐĐŽŶĚŝƚŝŽŶƐƋƵŝĂƐƐƵƌĞŶƚůĂĐŽŶǀĞƌŐĞŶĐĞĚĞůĂŵĠƚŚŽĚĞĚƵƉŽŝŶƚĨŝdžĞ͘
ĂͿ ࢍሾ૙ǡ ૚ሿ ‫  ؿ‬ሾ૙ǡ ૚ሿǫ
>ĂĨŽŶĐƚŝŽŶ݃ሺ‫ݔ‬ሻĞƐƚĐŽŶƚŝŶƵĞƐƵƌሾͲǡͳሿ
ߨ
‫ א ݔ׊‬ቂͲǡ ቃǡ Ͳ ൑ ܿ‫ ݔݏ݋‬൑ ͳ
ʹ
ߨ
݃ǣ ቂͲǡ ቃ ื ሾͲǡͳሿ
ʹ
గ
ŽŵŵĞሾͲǡͳሿ ‫ ؿ‬ቂͲǡ ቃ ֜ ݃ሾͲǡͳሿ ‫ ؿ‬ሾͲǡͳሿ
ଶ

ďͿ หࢍඁ ሺ࢞ሻห ൑ ࢑ ൏ ͳ‫ א ࢞׊‬ሾ૙ǡ ૚ሿǫ

‫ݑ݋‬ư ݇ ൌ ‫ݔܽܯ‬൛ห݃ඁ ሺ‫ݔ‬ሻหൟ‫  א ݔݎݑ݋݌‬ሾͲǡͳሿ

݃ඁ ሺ‫ݔ‬ሻ ൌ െ•‹ ‫  ֜  ݔ‬ห݃ඁ ሺ‫ݔ‬ሻห ൌ •‹ ‫ݔ‬ĐĂƌ‫ א ݔ‬ሾͲǡͳሿ

ሺ•‹ ‫ݔ‬ሻඁ ൌ …‘• ‫ ݔ‬൐ Ͳ‫ א ݔ׊‬ሾͲǡͳሿ ฺ •‹ ‫  ݔ‬աĐ͘ă͘Ě͘ȁ݃ඁ ሺ‫ݔ‬ሻȁ աĞƚĞůůĞĂƚƚĞŝŶƚĚŽŶĐƐŽŶDĂdž
ĞŶ‫ ݔ‬ൌ ͳ͘
݇ ൌ ‫݊݅ݏ‬ሺͳሻ ൌ ͲǤͺͶ ֜ ȁ݃ᇱ ሺ‫ݔ‬ሻȁ ൑ ݇ ൌ ͲǤͺͶ ൏ ͳ
>ĞƐĐŽŶĚŝƚŝŽŶƐĂͿĞƚďͿƐŽŶƚǀĠƌŝĨŝĠĞƐĚŽŶĐůĂŵĠƚŚŽĚĞĚƵƉŽŝŶƚĨŝdžĞĐŽŶǀĞƌŐĞ͘
>ĂƐƵŝƚĞĞƐƚĚĠĨŝŶŝĞƉĂƌůĂĨŽƌŵƵůĞƌĠĐƵƌƐŝǀĞƐƵŝǀĂŶƚĞ͗
‫ݔ‬௞ ൌ ݃ሺ‫ݔ‬௞ିଵ ሻ ൌ  ܿ‫ݏ݋‬ሺ‫ݔ‬௞ିଵ ሻ

ϯ͘ ĂůĐƵůĚĞůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞ͗ߝ ൌ ͳͲିଶ ‡–‫ݔ‬଴ ൌ ͲǤͷ

݊ ‫ݔ‬௞  ȁ‫ݔ‬௞ െ ‫ݔ‬௞ିଵ ȁ

Ϭ Ϭ͘ϱϬϬ Ͷ

ϭ Ϭ͘ϴϳϴ Ϭ͘ϯϳϴ

Ϯ Ϭ͘ϲϯϵ Ϭ͘Ϯϯϵ

ϯ Ϭ͘ϴϬϯ Ϭ͘ϭϲϰ

ϰ Ϭ͘ϲϵϰ Ϭ͘ϭϬϵ

ϱ Ϭ͘ϳϲϵ Ϭ͘Ϭϳϱ

ϲ Ϭ͘ϳϭϵ Ϭ͘ϬϱϬ

ϯϵ

 ϳ Ϭ͘ϳϱϮ Ϭ͘Ϭϯϯ

ϴ Ϭ͘ϳϯϬ Ϭ͘ϬϮϮ

ϵ Ϭ͘ϳϰϱ Ϭ͘Ϭϭϱ

ϭϬ Ϭ͘ϳϯϱ Ϭ͘ϬϭϬ

>ĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĞƐƚ͗ܿ ؄ ͲǤ͹͵ͷ͘


džĞƌĐŝĐĞϲ͗
݂ሺ‫ݔ‬ሻ ൌ ‫ ݔ‬ଷ െ ‫ ݔ‬െ ͳ ൌ Ͳ͕‫ א ݔ‬ሾͳǡʹሿ
ϭ͘ sĠƌŝĨŝĐĂƚŝŽŶĚĞƐĐŽŶĚŝƚŝŽŶƐĚĞĐŽŶǀĞƌŐĞŶĐĞ͗
య
݃ሺ‫ݔ‬ሻ ൌ ඥሺ‫ ݔ‬൅ ͳሻ
KŶĂĚĞƵdžĐŽŶĚŝƚŝŽŶƐăǀĠƌŝĨŝĞƌ͗
Ă͘ ࢍሾ૚ǡ ૛ሿ ‫  ؿ‬ሾ૚ǡ ૛ሿǫ
>ĂĨŽŶĐƚŝŽŶŐ;džͿĞƐƚĐŽŶƚŝŶƵĞƐƵƌů͛ŝŶƚĞƌǀĂůůĞሾͳǡʹሿ
ͳ
݃ඁ ሺ‫ݔ‬ሻ ൌ ൐ Ͳ‫ א ݔ׊‬ሾͳǡʹሿ†‘…݃ աۗ
య
͵ ඥሺ‫ ݔ‬൅ ͳሻଶ ۖ ֜ ‫ א ݔ׊‬ሾͳǡʹሿǡͳǤʹ͸ ൑ ݃ሺ‫ݔ‬ሻ ൑ ͳǤͶͶ
 
݃ሺͳሻ ൌ ͳǤʹ͸ ‫ א‬ሾͳǡʹሿ ۘ ֜ ݃ሾͳǡʹሿ ‫  ؿ‬ሾͳǡʹሿ
ۖ
݃ሺʹሻ ൌ ͳǤͶͶ ‫ א‬ሾͳǡʹሿ ۙ
ď͘ ห݃ඁ ሺ‫ݔ‬ሻห ൑ ݇ ൏ ͳ‫ א ݔ׊‬ሾͳǡʹሿǫ
ͳ ͳ
݃ඁ ሺ‫ݔ‬ሻ ൌ య
 ֜  ห݃ඁ ሺ‫ݔ‬ሻห ൌ య

͵ ඥሺ‫ ݔ‬൅ ͳሻଶ ͵ ඥሺ‫ ݔ‬൅ ͳሻଶ
ͳ ͳ
‫ݔ׊‬ଵ ‫ א‬ሾͳǡʹሿǡ ‫ݔ׊‬ଶ ‫ א‬ሾͳǡʹሿǣ‫ݔ‬ଵ ൏ ‫ݔ‬ଶ  ֜ య
൐ య

͵ ඥሺ‫ݔ‬ଵ ൅ ͳሻଶ ͵ඥሺ‫ݔ‬ଶ ൅ ͳሻଶ
֜ ȁ݃ᇱ ሺ‫ݔ‬ଵ ሻȁ ൐ ȁ݃ᇱ ሺ‫ݔ‬ଶ ሻȁ ֜ ȁ݃ᇱ ሺ‫ݔ‬ሻȁ բ
†‘…ȁ݃ᇱ ሺ‫ݔ‬ሻȁ ൑ ȁ݃ᇱ ሺͳሻȁ ൌ ݇ ൌ ͲǤʹͳ ൏ ͳ
>ĞƐĐŽŶĚŝƚŝŽŶƐĂͿĞƚďͿƐŽŶƚǀĠƌŝĨŝĠĞƐĚŽŶĐůĂŵĠƚŚŽĚĞĚƵƉŽŝŶƚĨŝdžĞĐŽŶǀĞƌŐĞ͘
>ĂƐƵŝƚĞĞƐƚĚĠĨŝŶŝĞƉĂƌůĂĨŽƌŵƵůĞƌĠĐƵƌƐŝǀĞƐƵŝǀĂŶƚĞ͗

‫ݔ‬௞ ൌ ݃ሺ‫ݔ‬௞ିଵ ሻ ൌ  యඥ‫ݔ‬௞ିଵ ൅ ͳ





ϰϬ

 Ϯ͘ ĂůĐƵůĚĞůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞ͗ߝ ൌ ͳͲିଶ ‡–‫ݔ‬଴ ൌ ͳǤͷ

݊ ‫ݔ‬௞  ȁ‫ݔ‬௞ െ ‫ݔ‬௞ିଵ ȁ

Ϭ ϭ͘ϱϬϬ Ͷ

ϭ ϭ͘ϯϱϳ Ϭ͘ϭϰϯ

Ϯ ϭ͘ϯϯϭ Ϭ͘Ϭϭϵ

ϯ ϭ͘ϯϮϲ Ϭ͘ϬϬϱ

>ĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĞƐƚܿ ؄ ͳǤ͵ʹ͸͘
ϯ͘ ŽŵƉĂƌĂŝƐŽŶĞƚĐŽŶĐůƵƐŝŽŶ͗
>ĞŶŽŵďƌĞĚ͛ŝƚĠƌĂƚŝŽŶƐŽďƚĞŶƵƐƉĂƌůĂŵĠƚŚŽĚĞĚƵƉŽŝŶƚĨŝdžĞ;ŶсϯͿĞƐƚŝŶĨĠƌŝĞƵƌăĐĞůƵŝ
ŽďƚĞŶƵƉĂƌůĂŵĠƚŚŽĚĞĚĞůĂďŝƐƐĞĐƚŝŽŶ;ŶсϳͿ͘
KŶ ĐŽŶĐůƵĞ ƋƵĞ ůĂ ŵĠƚŚŽĚĞ ĚƵ ƉŽŝŶƚ ĨŝdžĞ ĐŽŶǀĞƌŐĞ ƉůƵƐ ƌĂƉŝĚĞŵĞŶƚ ƋƵĞ ĐĞůůĞ ĚĞ ůĂ
ďŝƐƐĞĐƚŝŽŶ͘
 

ϰϭ

 dŶΣϮ
džĞƌĐŝĐĞϭ͗
ZĠƐŽƵĚƌĞůĞƐLJƐƚğŵĞĚ͛ĠƋƵĂƚŝŽŶƐƐƵŝǀĂŶƚĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞ'ĂƵƐƐ͘

Ͷ‫ݔ‬ଵ ൅ ‫ݔ‬ଶ ൅ ʹ‫ݔ‬ଷ ൌ ͻ

൞ʹ‫ݔ‬ଵ ൅ Ͷ‫ݔ‬ଶ െ ‫ݔ‬ଷ ൌ െͷ
‫ݔ‬ଵ ൅ ‫ݔ‬ଶ െ ͵‫ݔ‬ଷ ൌ െͻ

džĞƌĐŝĐĞϮ͗
ŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐ͕ĐĂůĐƵůĞƌůĞĚĠƚĞƌŵŝŶĂŶƚĚĞtEZDKEĚĞĚĞŐƌĠϯ
ƐƵŝǀĂŶƚ͗

ͳ ߙଵ ߙଵ ଶ
ܹ ൌ ൦ͳ ߙଶ ߙଶ ଶ ൪
ͳ ߙଷ ߙଷ ଶ

džĞƌĐŝĐĞϯ͗
^ŽŝƚůĞƐLJƐƚğŵĞĚ͛ĠƋƵĂƚŝŽŶƐƐƵŝǀĂŶƚ͗

ͲǤͲͲͲ͵‫ݔ‬ଵ ൅ ͵ǤͲͲͲͲ‫ݔ‬ଶ ൌ ʹǤͲͲͲͳ

൝ 
ͳǤͲͲͲͲ‫ݔ‬ଵ ൅ ͳǤͲͲͲͲ‫ݔ‬ଶ ൌ ͳǤͲͲͲͲ

ϭ͘ ZĠƐŽƵĚƌĞůĞƐLJƐƚğŵĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐ͘
Ϯ͘ ZĠƐŽƵĚƌĞůĞƐLJƐƚğŵĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐĂǀĞĐƉŝǀŽƚ͘
ϯ͘ ^ĂĐŚĂŶƚ ƋƵĞ ůĂ ƐŽůƵƚŝŽŶ ĞdžĂĐƚĞ ĚƵ ƐLJƐƚğŵĞ ĞƐƚ ሺ‫ݔ‬ଵ ǡ ‫ݔ‬ଶ ሻ ൌ ሺͳΤ͵ ǡ ʹΤ͵ሻ͕ ƋƵĞ ƉĞƵƚͲŽŶ
ĐŽŶĐůƵƌĞăƉĂƌƚŝƌĚĞƐĚĞƵdžƌĠƐƵůƚĂƚƐƉƌĠĐĠĚĞŶƚƐ͍

džĞƌĐŝĐĞϰ͗
^ŽŝƚůĞƐĚĞƵdžŵĂƚƌŝĐĞƐƐƵŝǀĂŶƚĞƐ͗

ʹ ͳ ͳ ͳ ʹ ͳ
‫ ܣ‬ൌ ൦ͳ ʹ ͳ൪͕‫ ܤ‬ൌ ൦ʹ ͳ െͳ൪
ͳ ͳ ͵ ͵ െͳ െͳ

ϭ͘ ĂůĐƵůĞƌůĞĚĠƚĞƌŵŝŶĂŶƚĚĞĞƚƉĂƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐ͘
Ϯ͘ ĠĚƵŝƌĞůĞĚĠƚĞƌŵŝŶĂŶƚĚĞ‫ିܣ‬ଵ ͕‫ି ܤ‬ଵ Ğƚሺ‫ܣ‬Ǥ ‫ܤ‬ሻିଵ͘

 

ϰϮ

 ^ŽůƵƚŝŽŶĚƵdŶΣϮ
džĞƌĐŝĐĞϭ͗
ZĠƐŽůƵƚŝŽŶĚƵƐLJƐƚğŵĞĚ͛ĠƋƵĂƚŝŽŶƐƉĂƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐ
KŶĠĐƌŝƚůĞƐLJƐƚğŵĞƐŽƵƐůĂĨŽƌŵĞŵĂƚƌŝĐŝĞůůĞƐƵŝǀĂŶƚĞ͗
Ͷ ͳ ʹ ‫ݔ‬ଵ ͻ
Ԧ ሬԦ Ԧ
‫ܣ‬Ǥ ܺ ൌ ‫ܤ‬ĂǀĞĐ‫ ܣ‬ൌ ൥ʹ Ͷ െͳ൩͕ܺ ൌ ൥‫ݔ‬ଶ ൩Ğƚ‫ܤ‬ ሬԦ ൌ ൥െͷ൩
ͳ ͳ െ͵ ‫ݔ‬ଷ െͻ
KŶĨŽƌŵĞůĂŵĂƚƌŝĐĞĂƵŐŵĞŶƚĠĞ‫ܣ‬ሚĚĠĨŝŶŝĞƉĂƌ͗

ª 4 1 2 9 º E1
‫ܣ‬ሚ ൌ «« 2 4 −1 −5»» E2 
«¬1 1 −3 −9 »¼ E3

ƚĂƉĞ ϭ͗ ŶŶƵůĂƚŝŽŶ ĚĞƐ ĠůĠŵĞŶƚƐ ƐŽƵƐͲĚŝĂŐŽŶĂƵdž ĚĞ ůĂ ƉƌĞŵŝğƌĞ ĐŽůŽŶŶĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ
ůŝŐŶĞ‫ܧ‬ଵ 
ͳ
‫ܧ‬ଶ ՚ ‫ܧ‬ଶ െ ‫ܧ‬ଵ 
ʹ
ଵ
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ସ ‫ܧ‬ଵ 

ª4 1 2 9 º E1
‫ܣ‬ሚ ሺଵሻ «
ൌ 0 7 2 −2 − 19 2 »» E2 
«
¬« 0 3 4 −7 2 − 45 4 ¼» E3

ƚĂƉĞϮ͗ŶŶƵůĂƚŝŽŶĚĞƐĠůĠŵĞŶƚƐƐŽƵƐͲĚŝĂŐŽŶĂƵdžĚĞůĂƐĞĐŽŶĚĞĐŽůŽŶŶĞĞŶƵƚŝůŝƐĂŶƚůĂůŝŐŶĞ
‫ܧ‬ଶ 
͵
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ‫ ܧ‬
ͳͶ ଶ
ª4 1 2 9 º E1
ሚ ሺଶሻ «
‫ ܣ‬ൌ «0 7 2 −2 − 19 2 »» E2 
«¬ 0 0 −43 14 − 129 14 »¼ E3

>ĂƌĠƐŽůƵƚŝŽŶĚƵƐLJƐƚğŵĞăŵĂƚƌŝĐĞƚƌŝĂŶŐƵůĂŝƌĞƐƵƉĠƌŝĞƵƌƌĠƐƵůƚĂŶƚĚŽŶŶĞ
Ͷ͵ ͳʹͻ
െ ‫ݔ‬ଷ ൌ െ  ֜  ‫ݔ‬ଷ ൌ ͵
ͳͶ ͳͶ
͹ ͳͻ
‫ݔ‬ଶ െ ʹ‫ݔ‬ଷ ൌ െ  ֜  ‫ݔ‬ଶ ൌ െͳ
ʹ ʹ
Ͷ‫ݔ‬ଵ ൅ ‫ݔ‬ଶ ൅ ʹ‫ݔ‬ଷ ൌ ͻ ֜  ‫ݔ‬ଵ ൌ ͳ
ŽŶĐ͕ůĂƐŽůƵƚŝŽŶĞƐƚ͗
ͳ
ܺԦ ൌ ൥െͳ൩͘
͵


ϰϯ

džĞƌĐŝĐĞϮ͗
ĂůĐƵůĚƵĚĠƚĞƌŵŝŶĂŶƚĚĞůĂŵĂƚƌŝĐĞĚĞsEZDKE͗
ͳ ߙଵ ߙଵ ଶ ‫ܧ‬ଵ
ܸ ൌ ቎ͳ ߙଶ ߙଶ ଶ ቏ ‫ܧ‬ଶ ͕ĂǀĞĐůĞƐߙ௜ ሺ݅ ൌ ͳǡ ǥ ͵ሻƐŽŶƚĚĞƵdžăĚĞƵdžĚŝƐƚŝŶĐƚƐ͘
ͳ ߙଷ ߙଷ ଶ ‫ܧ‬ଷ
ƚĂƉĞ ϭ͗ ŶŶƵůĂƚŝŽŶ ĚĞƐ ĠůĠŵĞŶƚƐ ƐŽƵƐͲĚŝĂŐŽŶĂƵdž ĚĞ ůĂ ƉƌĞŵŝğƌĞ ĐŽůŽŶŶĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ
ůŝŐŶĞ‫ܧ‬ଵ 
‫ܧ‬ଶ ՚ ‫ܧ‬ଶ െ ‫ܧ‬ଵ 
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ‫ܧ‬ଵ 
ͳ ߙଵ ߙଵ ଶ ‫ܧ‬ଵ
ܸ ሺଵሻ ൌ ቎Ͳ ߙଶ െ ߙଵ ଶ
ߙଶ െ ߙଵ ଶ቏ ‫ ܧ‬
ଶ
ଶ ଶ ‫ܧ‬ଷ
Ͳ ߙଷ െ ߙଵ ߙଷ െ ߙଵ
ƚĂƉĞϮ͗ŶŶƵůĂƚŝŽŶĚĞƐĠůĠŵĞŶƚƐƐŽƵƐͲĚŝĂŐŽŶĂƵdžĚĞůĂƐĞĐŽŶĚĞĐŽůŽŶŶĞĞŶƵƚŝůŝƐĂŶƚůĂůŝŐŶĞ
‫ܧ‬ଶ 
ߙଷ െ ߙଵ
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ‫ܧ‬
ߙଶ െ ߙଵ ଶ
ͳ ߙଵ ߙଵ ଶ ‫ܧ‬ଵ
ܸ ሺଶሻ ൌ ቎Ͳ ߙଶ െ ߙଵ ଶ
ߙଶ െ ߙଵ ଶ ‫ܧ‬
቏ ଶ
Ͳ Ͳ ሺߙଷ െ ߙଵ ሻሺߙଷ െ ߙଶ ሻ ‫ܧ‬ଷ
>ĞĚĠƚĞƌŵŝŶĂŶƚĚ͛ƵŶĞŵĂƚƌŝĐĞƚƌŝĂŶŐƵůĂŝƌĞĞƐƚůĞƉƌŽĚƵŝƚĚĞƐĞƐĠůĠŵĞŶƚƐĚŝĂŐŽŶĂƵdž͕ĚŽŶĐ͗
†‡–ሺܸሻ ൌ †‡–൫ܸ ሺଶሻ ൯ ൌ ሺߙଷ െ ߙଶ ሻሺߙଷ െ ߙଵ ሻሺߙଶ െ ߙଵ ሻ͘

džĞƌĐŝĐĞϯ͗
ϭ͘ ZĠƐŽůƵƚŝŽŶĚƵƐLJƐƚğŵĞƉĂƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐ͗
KŶĠĐƌŝƚůĞƐLJƐƚğŵĞƐŽƵƐůĂĨŽƌŵĞŵĂƚƌŝĐŝĞůůĞƐƵŝǀĂŶƚĞ͗
‫ݔ‬
ሬԦ͕ĂǀĞĐ‫ ܣ‬ൌ ቂͲǤͲͲͲ͵ ͵ǤͲͲͲͲቃ͕ܺԦ ൌ ቂ ଵ ቃĞƚ‫ܤ‬
‫ܣ‬Ǥ ܺԦ ൌ ‫ܤ‬ ሬԦ ൌ ቂʹǤͲͲͲͳቃ
ͳǤͲͲͲͲ ͳǤͲͲͲͲ ‫ݔ‬ଶ ͳǤͲͲͲͲ
KŶĨŽƌŵĞůĂŵĂƚƌŝĐĞĂƵŐŵĞŶƚĠĞ‫ܣ‬ሚ͗
ͲǤͲͲͲ͵ ͵ǤͲͲͲͲ ʹǤͲͲͲͳ ‫ܧ‬ଵ
‫ܣ‬ሚ ൌ ቂ ቃ 
ͳǤͲͲͲͲ ͳǤͲͲͲͲ ͳǤͲͲͲͲ ‫ܧ‬ଶ
>͛ĂŶŶƵůĂƚŝŽŶĚĞƐĠůĠŵĞŶƚƐƐŽƵƐͲĚŝĂŐŽŶĂƵdžĚĞůĂƉƌĞŵŝğƌĞĐŽůŽŶŶĞĞŶƵƚŝůŝƐĂŶƚůĂůŝŐŶĞ‫ܧ‬ଵ ͗
‫ܧ‬ଶ ՚ ‫ܧ‬ଶ െ ͵͵͵͵Ǥ͵͵͵͵‫ܧ‬ଵ 
ͲǤͲͲͲ͵ ͵ǤͲͲͲͲ ʹǤͲͲͲͳ ‫ܧ‬
‫ܣ‬ሚሺଵሻ ൌ ቂ ቃ ଵ
Ͳ െͻͻͻͺǤͻͻͻͻ ‫ܧ‬
െ͸͸͸ͷǤͻͻͻͻ ଶ
>ĂƌĠƐŽůƵƚŝŽŶĚƵƐLJƐƚğŵĞăŵĂƚƌŝĐĞƚƌŝĂŶŐƵůĂŝƌĞƐƵƉĠƌŝĞƵƌƌĠƐƵůƚĂŶƚĚŽŶŶĞ͗
െͻͻͻͺǤͻͻͻͻ‫ݔ‬ଶ ൌ െ͸͸͸ͷǤͻͻͻͻ ֜  ‫ݔ‬ଶ ൌ ͲǤ͸͸͸͹
ͲǤͲͲͲ͵‫ݔ‬ଵ ൅ ͵ǤͲͲͲͲ‫ݔ‬ଶ ൌ ʹǤͲͲͲͳ ֜  ‫ݔ‬ଵ ൌ ͲǤͲͲͲͲ

ϰϰ

ŽŶĐ͕ůĂƐŽůƵƚŝŽŶĞƐƚ͗
ͲǤͲͲͲͲ
ܺԦ ൌ ቂ ቃ
ͲǤ͸͸͸͹
Ϯ͘ ZĠƐŽůƵƚŝŽŶĚƵƐLJƐƚğŵĞƉĂƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐĂǀĞĐƉŝǀŽƚ͗
ͲǤͲͲͲ͵ ͵ǤͲͲͲͲ ʹǤͲͲͲͳ ‫ܧ‬ଵ
‫ܣ‬ሚ ൌ ቂ ቃ 
ͳǤͲͲͲͲ ͳǤͲͲͲͲ ͳǤͲͲͲͲ ‫ܧ‬ଶ
ŚŽŝƐŝƐƐŽŶƐĚĂŶƐůĂƉƌĞŵŝğƌĞĐŽůŽŶŶĞů͛ĠůĠŵĞŶƚůĞƉůƵƐŐƌĂŶĚĞŶǀĂůĞƵƌĂďƐŽůƵĞ͘>ĞƉŝǀŽƚĞƐƚ
ĚŽŶĐϭ͘ϬϬϬϬ͘ůŽƌƐŽŶĞĨĨĞĐƚƵĞƵŶĞƉĞƌŵƵƚĂƚŝŽŶĞŶƚƌĞůĞƐůŝŐŶĞƐϭĞƚϮ͕ĐĞĐŝĚŽŶŶĞ͗
ͳǤͲͲͲͲ ͳǤͲͲͲͲ ͳǤͲͲͲͲ ‫ܧ‬ଵ
‫ܣ‬ሚ ൌ ቂ ቃ 
ͲǤͲͲͲ͵ ͵ǤͲͲͲͲ ʹǤͲͲͲͳ ‫ܧ‬ଶ
>͛ĂŶŶƵůĂƚŝŽŶ ĚĞƐ ĠůĠŵĞŶƚƐ ƐŽƵƐͲĚŝĂŐŽŶĂƵdž ĚĞ ůĂ ƉƌĞŵŝğƌĞ ĐŽůŽŶŶĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ ůŝŐŶĞ ‫ܧ‬ଵ 
ĚŽŶŶĞ͗
‫ܧ‬ଶ ՚ ‫ܧ‬ଶ െ ͲǤͲͲͲ͵‫ܧ‬ଵ 
ͳǤͲͲͲͲ ͳǤͲͲͲͲ ͳǤͲͲͲͲ ‫ܧ‬ଵ
‫ܣ‬ሚ ൌ ቂ ቃ 
Ͳ ʹǤͻͻͻ͹ ͳǤͻͻͻͺ ‫ܧ‬ଶ
>ĂƌĠƐŽůƵƚŝŽŶĚƵƐLJƐƚğŵĞăŵĂƚƌŝĐĞƚƌŝĂŶŐƵůĂŝƌĞƐƵƉĠƌŝĞƵƌƌĠƐƵůƚĂŶƚĚŽŶŶĞ͗
ʹǤͻͻͻ͹‫ݔ‬ଶ ൌ ͳǤͻͻͻͺ ֜  ‫ݔ‬ଶ ൌ ͲǤ͸͸͸͹
ͳǤͲͲͲͲ‫ݔ‬ଵ ൅ ͳǤͲͲͲͲ‫ݔ‬ଶ ൌ ͳǤͲͲͲͲ ֜  ‫ݔ‬ଵ ൌ ͲǤ͵͵͵͵
ŽŶĐ͕ůĂƐŽůƵƚŝŽŶĞƐƚ͗
ͲǤ͵͵͵͵
ܺԦ ൌ ቂ ቃ
ͲǤ͸͸͸͹
ϯ͘ ŽŶĐůƵƐŝŽŶ͗
KŶ ƌĞŵĂƌƋƵĞ ă ƉĂƌƚŝƌ ĚĞƐ ĚĞƵdž ƌĠƐƵůƚĂƚƐ ƉƌĠĐĠĚĞŶƚƐ ƋƵĞ ůĂ ŵĠƚŚŽĚĞ ĚĞ 'ĂƵƐƐ ĂǀĞĐ ƉŝǀŽƚ
ĚŽŶŶĞƵŶĞƐŽůƵƚŝŽŶƉůƵƐƉƌŽĐŚĞĚĞůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞ͘KŶĐŽŶĐůƵĞƋƵĞůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐ
ĂǀĞĐƉŝǀŽƚƉĞƌŵĞƚĚĞŵŝŶŝŵŝƐĞƌůĞƐĞƌƌĞƵƌƐĚĞĐĂůĐƵů;ĐƵŵƵůƐĚ͛ĞƌƌĞƵƌƐĚ͛ĂƌƌŽŶĚŝƐͿ͘

džĞƌĐŝĐĞϰ͗
ϭ͘ ĂůĐƵůĚƵĚĠƚĞƌŵŝŶĂŶƚĚĞƐŵĂƚƌŝĐĞƐĞƚƉĂƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐ͗
ʹ ͳ ͳ ‫ܧ‬ଵ
‫ ܣ‬ൌ ൥ͳ ʹ ͳ൩ ‫ܧ‬ଶ 
ͳ ͳ ͵ ‫ܧ‬ଷ
ƚĂƉĞ ϭ͗ ŶŶƵůĂƚŝŽŶ ĚĞƐ ĠůĠŵĞŶƚƐ ƐŽƵƐͲĚŝĂŐŽŶĂƵdž ĚĞ ůĂ ƉƌĞŵŝğƌĞ ĐŽůŽŶŶĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ
ůŝŐŶĞ‫ܧ‬ଵ 
ͳ
‫ܧ‬ଶ ՚ ‫ܧ‬ଶ െ ‫ܧ‬ଵ 
ʹ
ͳ
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ‫ܧ‬ଵ 
ʹ
ʹ ͳ ͳ ‫ܧ‬ଵ
ሚ
‫ ܣ‬ൌ ൥Ͳ ͵Τʹ
ሺଵሻ ͳΤʹ൩ ‫ܧ‬ଶ 
Ͳ ͳΤʹ ͷΤʹ ‫ܧ‬ଷ
ϰϱ

ƚĂƉĞ Ϯ͗ ŶŶƵůĂƚŝŽŶ ĚĞƐ ĠůĠŵĞŶƚƐ ƐŽƵƐͲĚŝĂŐŽŶĂƵdž ĚĞ ůĂ ĚĞƵdžŝğŵĞ ĐŽůŽŶŶĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ
ůŝŐŶĞ‫ܧ‬ଶ 
ͳ
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ‫ܧ‬ଶ 
͵
ʹ ͳ ͳ ‫ܧ‬ଵ
ሚ
‫ ܣ‬ൌ ൥Ͳ ͵Τʹ
ሺଶሻ ͳΤʹ൩ ‫ܧ‬ଶ 
Ͳ Ͳ ͹Τ͵ ‫ܧ‬ଷ

>ĞĚĠƚĞƌŵŝŶĂŶƚĚ͛ƵŶĞŵĂƚƌŝĐĞƚƌŝĂŶŐƵůĂŝƌĞĞƐƚůĞƉƌŽĚƵŝƚĚĞƐĞƐĠůĠŵĞŶƚƐĚŝĂŐŽŶĂƵdž͕ĚŽŶĐ͗
͵ ͹
†‡–ሺ‫ܣ‬ሻ ൌ †‡–൫‫ܣ‬ሚሺଵሻ ൯ ൌ †‡–൫‫ܣ‬ሚሺଶሻ ൯ ൌ ʹ ‫ כ כ‬ൌ ͹
ʹ ͵
ͳ ʹ ͳ ‫ܧ‬ଵ
‫ ܤ‬ൌ ൥ʹ ͳ െͳ൩ ‫ܧ‬ଶ 
͵ െͳ െͳ ‫ܧ‬ଷ
ƚĂƉĞ ϭ͗ ŶŶƵůĂƚŝŽŶ ĚĞƐ ĠůĠŵĞŶƚƐ ƐŽƵƐͲĚŝĂŐŽŶĂƵdž ĚĞ ůĂ ƉƌĞŵŝğƌĞ ĐŽůŽŶŶĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ
ůŝŐŶĞ‫ܧ‬ଵ 
‫ܧ‬ଶ ՚ ‫ܧ‬ଶ െ ʹ‫ܧ‬ଵ 
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ͵‫ܧ‬ଵ 
ͳ ʹ ͳ ‫ܧ‬ଵ
‫ܤ‬෨ ሺଵሻ ൌ ൥Ͳ െ͵ െ͵൩ ‫ܧ‬ଶ 
Ͳ െ͹ െͶ ‫ܧ‬ଷ
ƚĂƉĞ Ϯ͗ ŶŶƵůĂƚŝŽŶ ĚĞƐ ĠůĠŵĞŶƚƐ ƐŽƵƐͲĚŝĂŐŽŶĂƵdž ĚĞ ůĂ ĚĞƵdžŝğŵĞ ĐŽůŽŶŶĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ
ůŝŐŶĞ‫ܧ‬ଶ 
͹
‫ܧ‬ଷ ՚ ‫ܧ‬ଷ െ ‫ܧ‬ଶ 
͵
ͳ ʹ ͳ ‫ܧ‬ଵ
෨ ሺଶሻ
‫ ܤ‬ൌ ൥Ͳ െ͵ െ͵൩ ‫ܧ‬ଶ 
Ͳ Ͳ ͵ ‫ܧ‬ଷ
>ĞĚĠƚĞƌŵŝŶĂŶƚĚ͛ƵŶĞŵĂƚƌŝĐĞƚƌŝĂŶŐƵůĂŝƌĞĞƐƚůĞƉƌŽĚƵŝƚĚĞƐĞƐĠůĠŵĞŶƚƐĚŝĂŐŽŶĂƵdž͕ĚŽŶĐ͗
†‡–ሺ‫ܤ‬ሻ ൌ †‡–൫‫ܤ‬෨ ሺଵሻ ൯ ൌ †‡–൫‫ܤ‬෨ ሺଶሻ ൯ ൌ ͳ ‫ כ‬ሺെ͵ሻ ‫ ͵ כ‬ൌ െͻ

Ϯ͘ ĠƚĞƌŵŝŶĂŶƚƐĚĞ࡭ି૚ ͕࡮ି૚ Ğƚሺ࡭Ǥ ࡮ሻି૚ 

‫ܜ܍܌‬ሺ࡭ି૚ ሻ ൌ͍
KŶ Ă͗ ‫ܣ‬Ǥ ‫ିܣ‬ଵ ൌ ‫–‡† ֜ ܫ‬ሺ‫ܣ‬Ǥ ‫ିܣ‬ଵ ሻ ൌ †‡–ሺ‫ܫ‬ሻ ֜ †‡–ሺ‫ܣ‬ሻ ‫–‡† כ‬ሺ‫ିܣ‬ଵ ሻ ൌ †‡–ሺ‫ܫ‬ሻ ֜ †‡–ሺ‫ିܣ‬ଵ ሻ ൌ
ୢୣ୲ሺூሻ
ୢୣ୲ሺ஺ሻ

ଵ ଵ
EŽƵƐĂǀŽŶƐ†‡–ሺ‫ܫ‬ሻ ൌ ͳ†‘… †‡–ሺ‫ିܣ‬ଵ ሻ ൌ ୢୣ୲ሺ஺ሻ ൌ ଻

‫ܜ܍܌‬ሺ࡮ି૚ ሻ ൌ͍
ͳ ͳ
†‡–ሺ‫ି ܤ‬ଵ ሻ ൌ ൌെ 
†‡–ሺ‫ܤ‬ሻ ͻ
ϰϲ

‫ܜ܍܌‬ሺ࡭Ǥ ࡮ሻି૚ ൌ ͍
ሺ‫ܣ‬Ǥ ‫ܤ‬ሻିଵ ൌ ‫ି ܤ‬ଵ Ǥ ‫ିܣ‬ଵ 
ͳ ͳ ͳ
†‡–ሺ‫ܣ‬Ǥ ‫ܤ‬ሻିଵ ൌ ݀݁‫ݐ‬ሺ‫ିܤ‬ଵ Ǥ ‫ିܣ‬ଵ ሻ ൌ †‡–ሺ‫ି ܤ‬ଵ ሻ Ǥ †‡–ሺ‫ିܣ‬ଵ ሻ ൌ ൬െ ൰ ‫ כ‬ൌ െ Ǥ
ͻ ͹ ͸͵
 

ϰϳ

 dŶΣϯ
džĞƌĐŝĐĞϭ͗
ϭ͘ ZĠĠĐƌŝƌĞůĞƐLJƐƚğŵĞůŝŶĠĂŝƌĞĚĞĨĂĕŽŶƋƵ͛ŝůƐŽŝƚăĚŝĂŐŽŶĂůĞĚŽŵŝŶĂŶƚĞ͗

െʹ‫ݔ‬ଵ ൅ ͳͲ‫ݔ‬ଷ ൌ ͹
൝ ͳͲ‫ݔ‬ଵ െ ‫ݔ‬ଶ ൌ ͻ 
െ‫ݔ‬ଵ ൅ ͳͲ‫ݔ‬ଶ െ ʹ‫ݔ‬ଷ ൌ ͳͲ

Ϯ͘ ŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝƉƵŝƐĐĞůůĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞů͕ĐĂůĐƵůĞƌůĞƐϯƉƌĞŵŝğƌĞƐ
ŝƚĠƌĂƚŝŽŶƐĞŶƉƌĞŶĂŶƚ ܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͘

džĞƌĐŝĐĞϮ͗
^ŽŝƚůĞƐLJƐƚğŵĞůŝŶĠĂŝƌĞƐƵŝǀĂŶƚ͗

͵‫ݔ‬ଵ ൅‫ݔ‬ଶ െ ‫ݔ‬ଷ ൌ ʹ

൝ ‫ݔ‬ଵ ൅ ͷ‫ݔ‬ଶ ൅ ʹ‫ݔ‬ଷ ൌ ͳ͹ 
ʹ‫ݔ‬ଵ െ ‫ݔ‬ଶ െ ͸‫ݔ‬ଷ ൌ െͳͺ

ϭ͘ Ŷ ƉĂƌƚĂŶƚ ĚĞ ܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͕ ĚĠƚĞƌŵŝŶĞƌ ůĞƐ ϱ ƉƌĞŵŝğƌĞƐ ŝƚĠƌĂƚŝŽŶƐ ĚĞƐ
ŵĠƚŚŽĚĞƐĚĞ:ĂĐŽďŝĞƚĚĞ'ĂƵƐƐͲ^ĞŝĚĞů͘
Ϯ͘ ^ĂĐŚĂŶƚƋƵĞůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞĞƐƚܺԦ ൌ ሾͳ ʹ ͵ሿ் ͕ƋƵĞƉĞƵƚͲŽŶĐŽŶĐůƵƌĞ͍

džĞƌĐŝĐĞϯ͗;ƐƵƉƉůĠŵĞŶƚĂŝƌĞͿ
ŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝƉƵŝƐĐĞůůĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞů͕ĐĂůĐƵůĞƌůĞƐϯƉƌĞŵŝğƌĞƐ
ŝƚĠƌĂƚŝŽŶƐĞŶƉƌĞŶĂŶƚܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் 

ʹ‫ݔ‬ଵ െ ‫ݔ‬ଶ ൅ ‫ݔ‬ଷ ൌ െͳ

൝ ͵‫ݔ‬ଵ െ ͵‫ݔ‬ଶ ൅ ͻ‫ݔ‬ଷ ൌ Ͳ 
͵‫ݔ‬ଵ ൅ ʹ‫ݔ‬ଶ ൅ ͷ‫ݔ‬ଷ ൌ ͳͲ

WŽƵƌƋƵŽŝĐĞƚƚĞĚŝǀĞƌŐĞŶĐĞĞƚƋƵ͛ĞůůĞŵĠƚŚŽĚĞĚŝǀĞƌŐĞůĞƉůƵƐƌĂƉŝĚĞŵĞŶƚ͘

 

ϰϴ

 ^ŽůƵƚŝŽŶĚƵdŶΣϯ
džĞƌĐŝĐĞϭ͗
െʹ‫ݔ‬ଵ ൅ ͳͲ‫ݔ‬ଷ ൌ ͹
൝ ͳͲ‫ݔ‬ଵ െ ‫ݔ‬ଶ ൌ ͻ 
െ‫ݔ‬ଵ ൅ ͳͲ‫ݔ‬ଶ െ ʹ‫ݔ‬ଷ ൌ ͳͲ
ϭ͘ ZĠĠĐƌŝƚƵƌĞĚƵƐLJƐƚğŵĞƉŽƵƌƋƵ͛ŝůƐŽŝƚăĚŝĂŐŽŶĂůĞĚŽŵŝŶĂŶƚĞ͗
WŽƵƌ ƋƵĞ ůĞ ƐLJƐƚğŵĞ ƐŽŝƚ ă ĚŝĂŐŽŶĂůĞ ĚŽŵŝŶĂŶƚĞ͕ ŝů ĨĂƵƚ ƋƵĞ ůĂ ĐŽŶĚŝƚŝŽŶ ƐƵŝǀĂŶƚĞ ƐŽŝƚ
ƐĂƚŝƐĨĂŝƚĞ͗
ଷ
തതതതത
෍หܽ௜௝ ห ൏ ȁܽ௜௜ ȁ‫ ݅׊‬ൌ ͳǡ ݊
௝ୀଵ
௝ஷ௜

>ĞƐLJƐƚğŵĞƋƵŝǀĠƌŝĨŝĞĐĞƚƚĞĐŽŶĚŝƚŝŽŶĞƐƚ͗
ͳͲ‫ݔ‬ଵ െ ‫ݔ‬ଶ ൌ ͻ
൝െ‫ݔ‬ଵ ൅ ͳͲ‫ݔ‬ଶ െ ʹ‫ݔ‬ଷ ൌ ͳͲ
െʹ‫ݔ‬ଵ ൅ ͳͲ‫ݔ‬ଷ ൌ ͹
WĂƌĐĞƋƵĞ͗
ȁെͳȁ ൅ ȁͲȁ ൏ ȁͳͲȁ
൝ȁെͳȁ ൅ ȁെʹȁ ൏ ȁͳͲȁ
ȁെʹȁ ൅ ȁͲȁ ൏ ȁͳͲȁ
Ϯ͘ ĂůĐƵů ĚĞƐ ϯ ƉƌĞŵŝğƌĞƐ ŝƚĠƌĂƚŝŽŶƐ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ ŵĠƚŚŽĚĞ ĚĞ :ĂĐŽďŝ Ğƚ ĚĞ 'ĂƵƐƐͲ
^ĞŝĚĞů͗
Ă͘ DĠƚŚŽĚĞĚĞ:ĂĐŽďŝ͗
>ĞƐLJƐƚğŵĞƌĠĐƵƌƐŝĨƉŽƵƌůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝƐ͛ĠĐƌŝƚ͗
‫ݔ‬ଶ௞ ൅ ͻ
‫ۓ‬ ‫ݔ‬ଵ௞ାଵ ൌ
ۖ
ۖ ͳͲ
௞ ௞
௞ାଵ
‫ݔ‬ଵ ൅ ʹ‫ݔ‬ଷ ൅ ͳͲ
‫ݔ‬ ൌ 
‫ ۔‬ଶ ͳͲ
ۖ
ۖ ʹ‫ݔ‬ଵ௞ ൅ ͹
௞ାଵ
‫ݔ ە‬ଷ ൌ ͳͲ

ƉĂƌƚŝƌĚĞܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͕ŽŶƚƌŽƵǀĞ͗

݇ Ϭ ϭ Ϯ ϯ

‫ݔ‬ଵ  Ϭ͘ϬϬϬϬ Ϭ͘ϵϬϬϬ ϭ͘ϬϬϬϬ ϭ͘ϬϮϯϬ

‫ݔ‬ଶ  Ϭ͘ϬϬϬϬ ϭ͘ϬϬϬϬ ϭ͘ϮϯϬϬ ϭ͘ϮϳϲϬ

‫ݔ‬ଷ  Ϭ͘ϬϬϬϬ Ϭ͘ϳϬϬϬ Ϭ͘ϴϴϬϬ Ϭ͘ϵϬϬϬ

ϰϵ

 ͳǤͲʹ͵Ͳ
>ĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĞƐƚ͗ܺԦ ൌ ൭ͳǤʹ͹͸Ͳ൱
ͲǤͻͲͲͲ
ď͘ DĠƚŚŽĚĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞů͗
>ĞƐLJƐƚğŵĞƌĠĐƵƌƐŝĨƉŽƵƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞůƐ͛ĠĐƌŝƚ͗
‫ݔ‬ଶ௞ ൅ ͻ
‫ۓ‬ ௞ାଵ
‫ݔ‬ଵ ൌ
ۖ
ۖ ͳͲ
௞ାଵ
௞ାଵ
‫ݔ‬ଵ ൅ ʹ‫ݔ‬ଷ௞ ൅ ͳͲ
‫ݔ‬ ൌ 
‫ ۔‬ଶ ͳͲ
ۖ
ۖ ʹ‫ݔ‬ଵ௞ାଵ ൅ ͹
௞ାଵ
‫ݔ ە‬ଷ ൌ ͳͲ
ƉĂƌƚŝƌĚĞܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͕ŽŶƚƌŽƵǀĞ͗

݇ Ϭ ϭ Ϯ ϯ

‫ݔ‬ଵ  Ϭ͘ϬϬϬϬ Ϭ͘ϵϬϬϬ ϭ͘ϬϬϵϬ ϭ͘ϬϮϳϳ

‫ݔ‬ଶ  Ϭ͘ϬϬϬϬ ϭ͘ϬϵϬϬ ϭ͘Ϯϳϲϵ ϭ͘Ϯϴϯϭ

‫ݔ‬ଷ  Ϭ͘ϬϬϬϬ Ϭ͘ϴϴϬϬ Ϭ͘ϵϬϭϴ Ϭ͘ϵϬϱϱ

ͳǤͲʹ͹͹
>ĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĞƐƚ͗ܺԦ ൌ ൭ͳǤʹͺ͵ͳ൱
ͲǤͻͲͷͷ
ହ଴଻
ସଽଷ
؆ ͳǤͲʹͺͶ
‫଺ۇ‬ଷଷ ‫ۊ‬
^ĂĐŚĂŶƚƋƵĞůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞĞƐƚ͗ܺԦ ൌ ‫ۈ‬ସଽଷ ؆ ͳǤʹͺͶͲ‫ۋ‬
଼ଽଷ
؆ ͲǤͻͲͷ͹
‫ۉ‬ଽ଼଺ ‫ی‬
KŶĐŽŶƐƚĂƚĞƋƵĞ͕ƉŽƵƌƵŶŵġŵĞŶŽŵďƌĞĚ͛ŝƚĠƌĂƚŝŽŶƐ͕ůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞŽďƚĞŶƵĞƉĂƌ
ůĂ ŵĠƚŚŽĚĞ ĚĞ 'ĂƵƐƐͲ^ĞŝĚĞů ĞƐƚ ƉůƵƐ ƉƌĠĐŝƐĞ͘ >Ă ŵĠƚŚŽĚĞ ĚĞ 'ĂƵƐƐͲ^ĞŝĚĞů Ă ĐŽŶǀĞƌŐĠ ƉůƵƐ
ǀŝƚĞƋƵĞůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝ͘

džĞƌĐŝĐĞϮ͗
͵‫ݔ‬ଵ ൅‫ݔ‬ଶ െ ‫ݔ‬ଷ ൌ ʹ
൝ ‫ݔ‬ଵ ൅ ͷ‫ݔ‬ଶ ൅ ʹ‫ݔ‬ଷ ൌ ͳ͹ 
ʹ‫ݔ‬ଵ െ ‫ݔ‬ଶ െ ͸‫ݔ‬ଷ ൌ െͳͺ
ϭ͘ ĂůĐƵů ĚĞƐ ϱ ƉƌĞŵŝğƌĞƐ ŝƚĠƌĂƚŝŽŶƐ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ ŵĠƚŚŽĚĞ ĚĞ :ĂĐŽďŝ Ğƚ ĚĞ 'ĂƵƐƐͲ
^ĞŝĚĞů͗
Ă͘ DĠƚŚŽĚĞĚĞ:ĂĐŽďŝ͗
>ĞƐLJƐƚğŵĞƌĠĐƵƌƐŝĨƉŽƵƌůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝƐ͛ĠĐƌŝƚ͗

ϱϬ

 െ‫ݔ‬ଶ௞ ൅ ‫ݔ‬ଷ௞ ൅ ʹ
‫ݔ ۓ‬ଵ௞ାଵ ൌ
ۖ
ۖ ͵
െ‫ݔ‬ଵ െ ʹ‫ݔ‬ଷ௞ ൅ ͳ͹
௞
‫ݔ‬ଶ௞ାଵ ൌ 
‫۔‬ ͷ
ۖ ௞ ௞
ۖ ௞ାଵ ʹ‫ݔ‬ଵ െ ‫ݔ‬ଶ ൅ ͳͺ
‫ݔ‬
‫ ە‬ଷ ൌ
͸
ƉĂƌƚŝƌĚĞ ܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͕ŽŶƚƌŽƵǀĞ͗

݇ Ϭ ϭ Ϯ ϯ ϰ ϱ

‫ݔ‬ଵ  Ϭ͘ϬϬϬϬ Ϭ͘ϲϲϲϳ Ϭ͘ϱϯϯϯ Ϭ͘ϴϲϯϬ Ϭ͘ϴϲϳϰ Ϭ͘ϵϰϬϲ

‫ݔ‬ଶ  Ϭ͘ϬϬϬϬ ϯ͘ϰϬϬϬ Ϯ͘Ϭϲϲϳ Ϯ͘Ϯϯϭϭ Ϯ͘Ϭϵϰϭ Ϯ͘ϬϲϬϮ

‫ݔ‬ଷ  Ϭ͘ϬϬϬϬ ϯ͘ϬϬϬϬ Ϯ͘ϲϱϱϲ Ϯ͘ϴϯϯϯ Ϯ͘ϵϭϱϴ Ϯ͘ϵϰϬϭ

ͲǤͻͶͲ͸
>ĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĞƐƚ͗ܺԦ ൌ ൭ʹǤͲ͸Ͳʹ൱
ʹǤͻͶͲͳ

ď͘ DĠƚŚŽĚĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞů͗
>ĞƐLJƐƚğŵĞƌĠĐƵƌƐŝĨƉŽƵƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞůƐ͛ĠĐƌŝƚ͗
െ‫ݔ‬ଶ௞ ൅ ‫ݔ‬ଷ௞ ൅ ʹ
‫ۓ‬ ‫ݔ‬ଵ௞ାଵ ൌ
ۖ
ۖ ͵
െ‫ݔ‬ଵ െ ʹ‫ݔ‬ଷ௞ ൅ ͳ͹
௞ାଵ
‫ݔ‬ଶ௞ାଵ ൌ 
‫۔‬ ͷ
ۖ ௞ାଵ
ۖ ௞ାଵ ʹ‫ݔ‬ଵ െ ‫ݔ‬ଶ ൅ ͳͺ
௞ାଵ
‫ݔ‬
‫ ە‬ଷ ൌ
͸
ƉĂƌƚŝƌĚĞܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͕ŽŶƚƌŽƵǀĞ͗

݇ Ϭ ϭ Ϯ ϯ ϰ ϱ

‫ݔ‬ଵ  Ϭ͘ϬϬϬϬ Ϭ͘ϲϲϲϳ Ϭ͘ϰϳϬϰ Ϭ͘ϴϰϵϴ Ϭ͘ϵϯϴϭ Ϭ͘ϵϳϳϱ

‫ݔ‬ଶ  Ϭ͘ϬϬϬϬ ϯ͘Ϯϲϲϳ Ϯ͘Ϯϯϰϴ Ϯ͘ϭϭϲϯ Ϯ͘ϬϰϬϮ Ϯ͘Ϭϭϱϰ

‫ݔ‬ଷ  Ϭ͘ϬϬϬϬ Ϯ͘ϲϳϳϴ Ϯ͘ϳϴϰϯ Ϯ͘ϵϯϬϱ Ϯ͘ϵϳϮϳ Ϯ͘ϵϴϵϵ

ͲǤͻ͹͹ͷ
>ĂƐŽůƵƚŝŽŶĂƉƉƌŽĐŚĠĞĞƐƚ͗ܺԦ ൌ ൭ʹǤͲͳͷͶ൱
ʹǤͻͺͻͻ


ϱϭ

 Ϯ͘ ŽŶĐůƵƐŝŽŶ

KŶĐŽŶƐƚĂƚĞƋƵĞ͕ƉŽƵƌƵŶŵġŵĞŶŽŵďƌĞĚ͛ŝƚĠƌĂƚŝŽŶƐ͕ůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞŽďƚĞŶƵĞƉĂƌ
ůĂ ŵĠƚŚŽĚĞ ĚĞ 'ĂƵƐƐ ^ĞŝĚĞů ĞƐƚ ƉůƵƐ ƉƌĠĐŝƐĞ͘ >Ă ŵĠƚŚŽĚĞ ĚĞ 'ĂƵƐƐͲ^ĞŝĚĞů ĐŽŶǀĞƌŐĞ
ŐĠŶĠƌĂůĞŵĞŶƚƉůƵƐǀŝƚĞƋƵĞůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝ͕ŵĂŝƐƉĂƐƚŽƵũŽƵƌƐ͘

džĞƌĐŝĐĞϯ͗;ƐƵƉƉůĠŵĞŶƚĂŝƌĞͿ
ʹ‫ݔ‬ଵ െ ‫ݔ‬ଶ ൅ ‫ݔ‬ଷ ൌ െͳ
൝ ͵‫ݔ‬ଵ െ ͵‫ݔ‬ଶ ൅ ͻ‫ݔ‬ଷ ൌ Ͳ 
͵‫ݔ‬ଵ ൅ ʹ‫ݔ‬ଶ ൅ ͷ‫ݔ‬ଷ ൌ ͳͲ
ĂůĐƵůĚĞƐϯƉƌĞŵŝğƌĞƐŝƚĠƌĂƚŝŽŶƐĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝĞƚĚĞ'ĂƵƐƐͲ^ĞŝĚĞů͗
Ă͘ DĠƚŚŽĚĞĚĞ:ĂĐŽďŝ͗
>ĞƐLJƐƚğŵĞƌĠĐƵƌƐŝĨƉŽƵƌůĂŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝƐ͛ĠĐƌŝƚ͗
‫ ݔ‬௞ െ ‫ݔ‬ଷ௞ െ ͳ
‫ݔ ۓ‬ଵ௞ାଵ ൌ ଶ
ۖ ʹ
‫ݔ‬ଶ௞ାଵ ൌ ‫ݔ‬ଵ௞ ൅ ͵‫ݔ‬ଷ௞ 
‫۔‬ ௞ ௞
ۖ‫ ݔ‬௞ାଵ ൌ ͳͲ െ ͵‫ݔ‬ଵ െ ʹ‫ݔ‬ଶ
‫ ە‬ଷ ͷ
ƉĂƌƚŝƌĚĞܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͕ŽŶƚƌŽƵǀĞ͗

݇ Ϭ ϭ Ϯ ϯ

‫ݔ‬ଵ  Ϭ͘ϬϬ ͲϬ͘ϱϬ Ͳϭ͘ϱϬ ϭ͘ϭϬ

‫ݔ‬ଶ  Ϭ͘ϬϬ Ϭ͘ϬϬ ϱ͘ϱϬ ϱ͘ϰϬ

‫ݔ‬ଷ  Ϭ͘ϬϬ Ϯ͘ϬϬ Ϯ͘ϯϬ Ϭ͘ϳϬ

ď͘ DĠƚŚŽĚĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞů͗
>ĞƐLJƐƚğŵĞƌĠĐƵƌƐŝĨƉŽƵƌůĂŵĠƚŚŽĚĞĚĞ'ĂƵƐƐͲ^ĞŝĚĞůƐ͛ĠĐƌŝƚ͗
‫ݔ‬ଶ௞ െ ‫ݔ‬ଷ௞ െ ͳ
‫ۓ‬ ‫ݔ‬ଵ௞ାଵ ൌ
ۖ ʹ
‫ݔ‬ଶ ൌ ‫ݔ‬ଵ ൅ ͵‫ݔ‬ଷ௞
௞ାଵ ௞ାଵ

‫۔‬ ௞ାଵ ௞ାଵ
ۖ‫ ݔ‬௞ାଵ ൌ ͳͲ െ ͵‫ݔ‬ଵ െ ʹ‫ݔ‬ଶ
‫ ە‬ଷ ͷ
ƉĂƌƚŝƌĚĞܺԦ ሺ଴ሻ ൌ ሾͲ Ͳ Ͳሿ் ͕ŽŶƚƌŽƵǀĞ͗

ϱϮ

݇ Ϭ ϭ Ϯ ϯ

‫ݔ‬ଵ  Ϭ͘ϬϬ ͲϬ͘ϱϬ ͲϮ͘ϬϬ ϭ͘ϳϱ

‫ݔ‬ଶ  Ϭ͘ϬϬ ͲϬ͘ϱϬ ϱ͘ϱϬ ϰ͘ϳϱ

‫ݔ‬ଷ  Ϭ͘ϬϬ Ϯ͘ϱϬ ϭ͘ϬϬ ͲϬ͘ϵϱ

>Ă ƐŽůƵƚŝŽŶ ĚŝǀĞƌŐĞ ĐĂƌ ůĞ ƐLJƐƚğŵĞ ůŝŶĠĂŝƌĞ Ŷ͛ĞƐƚ ƉĂƐ ă ĚŝĂŐŽŶĂůĞ ĚŽŵŝŶĂŶƚĞ ;ĐŽŶĚŝƚŝŽŶ
ƐƵĨĨŝƐĂŶƚĞ Ŷ͛ĞƐƚ ƉĂƐ ǀĠƌŝĨŝĠĞͿ͘ ĂŶƐ ůĞ ƚĂďůĞĂƵ ĐŝͲĚĞƐƐŽƵƐ͕ ŶŽƵƐ ĐĂůĐƵůŽŶƐ ƉŽƵƌ ůĞƐ ĚĞƵdž
ŵĠƚŚŽĚĞƐů͛ĞƌƌĞƵƌƌĞůĂƚŝǀĞŽďƚĞŶƵĞƉŽƵƌĐŚĂƋƵĞŝƚĠƌĂƚŝŽŶ͘

ฮܺԦ ሺ௞ሻ െ ܺԦ ሺ௞ିଵሻ ฮ


ฮܺԦ ሺ௞ሻ ฮ
݇
:ĂĐŽďŝ 'ĂƵƐƐͲ^ĞŝĚĞů

ϭ ϭϬϬй ϭϬϬй

Ϯ ϵϭ͘Ϭϲй ϭϬϳ͘Ϭϳй

ϯ ϱϰ͘ϵϱй ϴϯ͘ϯϬй

/ů ĞƐƚ ĐůĂŝƌ ă ƉĂƌƚŝƌ ĚƵ ƚĂďůĞĂƵ ƋƵĞ ůĂ ŵĠƚŚŽĚĞ ĚĞ 'ĂƵƐƐͲ^ĞŝĚĞů ĚŝǀĞƌŐĞ ƉůƵƐ ǀŝƚĞ ƋƵĞ ůĂ
ŵĠƚŚŽĚĞĚĞ:ĂĐŽďŝ͘
 

ϱϯ

 dŶΣϰ
džĞƌĐŝĐĞϭ͗
^Žŝƚů͛ŝŶƚĠŐƌĂůĞƐƵŝǀĂŶƚĞ͗
ଶ

‫ ܬ‬ൌ න ξ‫ݔ݀ ݔ‬
଴

ϭ͘ ĂůĐƵůĞƌů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐ͘
Ϯ͘ ĂůĐƵůĞƌů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ^ŝŵƉƐŽŶ͘
ϯ͘ ŽŵƉĂƌĞƌůĞƐĚĞƵdžƌĠƐƵůƚĂƚƐŽďƚĞŶƵƐĂǀĞĐůĂǀĂůĞƵƌĞdžĂĐƚĞ͘

džĞƌĐŝĐĞϮ͗
^Žŝƚů͛ŝŶƚĠŐƌĂůĞƐƵŝǀĂŶƚĞ͗
గ

‫ ܬ‬ൌ න •‹ ‫ ݔ‬ଶ ݀‫ݔ‬

଴

ϭ͘ ĂůĐƵůĞƌ ů͛ŝŶƚĠŐƌĂůĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ ŵĠƚŚŽĚĞ ĚĞƐ ƚƌĂƉğnjĞƐ ŐĠŶĠƌĂůŝƐĠĞ ĂǀĞĐ ϱ ƉƵŝƐ ϭϬ
ŝŶƚĞƌǀĂůůĞƐ͘
Ϯ͘ ^ĂĐŚĂŶƚ ƋƵĞ ůĂ ǀĂůĞƵƌ ĞdžĂĐƚĞ ĞƐƚ Ϭ͘ϳϳϮϲ͕ ĐŽŵƉĂƌĞƌ ůĞƐ ƌĠƐƵůƚĂƚƐ ŽďƚĞŶƵƐ ĂǀĞĐ ůĂ
ǀĂůĞƵƌĞdžĂĐƚĞ͘

džĞƌĐŝĐĞϯ͗
^Žŝƚů͛ŝŶƚĠŐƌĂůĞƐƵŝǀĂŶƚĞ͗
ଵ
ͳ
‫ܬ‬ൌන ݀‫ݔ‬
‫ݔ‬൅ͳ
଴

ϭ͘ ĂůĐƵůĞƌ ů͛ŝŶƚĠŐƌĂůĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ ŵĠƚŚŽĚĞ ĚĞ ^ŝŵƉƐŽŶ ŐĠŶĠƌĂůŝƐĠĞ ĂǀĞĐ ϰ ƉƵŝƐ ϴ
ŝŶƚĞƌǀĂůůĞƐ͘
Ϯ͘ ŽŵƉĂƌĞƌůĞƐƌĠƐƵůƚĂƚƐŽďƚĞŶƵƐĂǀĞĐůĂǀĂůĞƵƌĞdžĂĐƚĞ͘
ϯ͘ ĂůĐƵůĞƌů͛ĞƌƌĞƵƌŵĂdžŝŵĂůĞĐŽŵŵŝƐĞƉŽƵƌůĞƐĚĞƵdžĐĂƐƉƌĠĐĠĚĞŶƚƐ͘

džĞƌĐŝĐĞϰ͗
^ŽŝƚůĂĨŽŶĐƚŝŽŶ݂ሺ‫ݔ‬ሻĚĠĨŝŶŝĞƉĂƌůĞƚĂďůĞĂƵƐƵŝǀĂŶƚ͗

‫ݔ‬௜  Ϭ ߨΤͺ ߨΤͶ ͵ ߨΤͺ ߨΤʹ

݂ሺ‫ݔ‬௜ ሻ Ϭ Ϭ͘ϯϴϮϲϴϯ Ϭ͘ϳϬϳϭϬϳ Ϭ͘ϵϮϯϴϴϬ ϭ

గൗ
ϭ͘ ĂůĐƵůĞƌů͛ŝŶƚĠŐƌĂůĞ‫ ܬ‬ൌ ‫׬‬଴ ଶ ݂ሺ‫ݔ‬ሻ݀‫ݔ‬ĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐŐĠŶĠƌĂůŝƐĠĞ͘
Ϯ͘ ZĞĨĂŝƌĞůĞƐĐĂůĐƵůƐĞŶƵƚŝůŝƐĂŶƚĐĞƚƚĞĨŽŝƐůĂŵĠƚŚŽĚĞĚĞ^ŝŵƉƐŽŶŐĠŶĠƌĂůŝƐĠĞ͘
ϯ͘ ^ĂĐŚĂŶƚƋƵĞ݂ሺ‫ݔ‬ሻ ൌ •‹ ‫͕ݔ‬ĐŽŵƉĂƌĞƌĂůŽƌƐůĞƐƌĠƐƵůƚĂƚƐŽďƚĞŶƵƐĂǀĞĐůĂǀĂůĞƵƌĞdžĂĐƚĞ͘
ϰ͘ dƌŽƵǀĞƌ ůĞ ŶŽŵďƌĞ Ě͛ŝŶƚĞƌǀĂůůĞƐ ݊ ŶĠĐĞƐƐĂŝƌĞ ƉŽƵƌ ŽďƚĞŶŝƌ ƵŶĞ ĞƌƌĞƵƌ ĚĞ ͳͲି଺  ĞŶ
ƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ^ŝŵƉƐŽŶŐĠŶĠƌĂůŝƐĠĞ͘


ϱϰ

 džĞƌĐŝĐĞϱ;ƐƵƉƉůĠŵĞŶƚĂŝƌĞͿ͗
^Žŝƚů͛ŝŶƚĠŐƌĂůĞƐƵŝǀĂŶƚĞ͗
ଵ

‫ ܬ‬ൌ න ݁ ௫ ݀‫ݔ‬
଴

ϭ͘ ĂůĐƵůĞƌ ů͛ŝŶƚĠŐƌĂůĞ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ ŵĠƚŚŽĚĞ ĚĞƐ ƚƌĂƉğnjĞƐ ŐĠŶĠƌĂůŝƐĠĞ ĂǀĞĐ ϰ ƉƵŝƐ ϴ
ŝŶƚĞƌǀĂůůĞƐ͘
Ϯ͘ ŽŵƉĂƌĞƌůĞƐƌĠƐƵůƚĂƚƐŽďƚĞŶƵƐĂǀĞĐůĂǀĂůĞƵƌĞdžĂĐƚĞ͘
ϯ͘ ĂůĐƵůĞƌů͛ĞƌƌĞƵƌŵĂdžŝŵĂůĞĐŽŵŵŝƐĞƉŽƵƌůĞƐĚĞƵdžĐĂƐƉƌĠĐĠĚĞŶƚƐ͘

 

ϱϱ

 ^ŽůƵƚŝŽŶĚƵdŶΣϰ
džĞƌĐŝĐĞϭ
ϭ͘ ĂůĐƵůĚĞů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐ
௕
ͳ ͳ
න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ ்ܬ‬ൌ ሺܾ െ ܽሻ ൤ ݂ሺܽሻ ൅ ݂ሺܾሻ൨
ʹ ʹ
௔
ଶ
ͳ ͳ
න ξ‫ ݔ݀ ݔ‬؄ ‫ ்ܬ‬ൌ ሺʹ െ Ͳሻ ൤ ξͲ ൅ ξʹ൨ ؄ ͳǤͶͳͶʹ
ʹ ʹ
଴

Ϯ͘ ĂůĐƵůĚĞů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ^ŝŵƉƐŽŶ
௕
ͳ Ͷ ܽ൅ܾ ͳ
න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ܬ‬ௌ ൌ ሺܾ െ ܽሻ ൤ ݂ሺܽሻ ൅ ݂ ൬ ൰ ൅ ݂ሺܾሻ൨
͸ ͸ ʹ ͸
௔
ଶ
ͳ Ͷ ͳ
න ξ‫ ݔ݀ ݔ‬؄ ‫ܬ‬ௌ ൌ ሺʹ െ Ͳሻ ൤ ξͲ ൅ ξͳ ൅ ξʹ൨ ൌ ͳǤͺͲͶ͹
͸ ͸ ͸
଴

ϯ͘ ŽŵƉĂƌĂŝƐŽŶ
ଶ ଶ ଶ
ሺ‫ݔ‬ሻଷΤଶ ʹ ଶ ʹ
‫ܬ‬௘௫௔௖௧௘ ൌ න ξ‫ ݔ݀ ݔ‬ൌ නሺ‫ݔ‬ሻଵΤଶ ݀‫ ݔ‬ൌ ቎ ቏ ൌ ቂඥ‫ ݔ‬ଷ ቃ ൌ ቀඥʹଷ െ Ͳቁ ൌ ͳǤͺͺͷ͸
͵ ͵ ଴ ͵
଴ ଴ ʹ ଴

ȁ‫ܬ‬௘௫௔௖௧௘ െ ‫ ்ܬ‬ȁ ൌ ȁͳǤͺͺͷ͸ െ ͳǤͶͳͶʹȁ ൌ ͲǤͶ͹ͳͶ

ȁ‫ܬ‬௘௫௔௖௧௘ െ ‫ܬ‬ௌ ȁ ൌ ȁͳǤͺͺͷ͸ െ ͳǤͺͲͶ͹ȁ ൌ ͲǤͲͺͲͻ
KŶ ĐŽŶƐƚĂƚĞ ĚŽŶĐ ƋƵĞ ů͛ĂƉƉƌŽdžŝŵĂƚŝŽŶ ĚĞ ů͛ŝŶƚĠŐƌĂůĞ ĚŽŶŶĠĞ ƉĂƌ ůĂ ŵĠƚŚŽĚĞ ĚĞ
^ŝŵƉƐŽŶĞƐƚŵĞŝůůĞƵƌĞƋƵĞĐĞůůĞŽďƚĞŶƵĞƉĂƌůĂŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐ͘

džĞƌĐŝĐĞϮ
ϭ͘ ĂůĐƵůĚĞů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐŐĠŶĠƌĂůŝƐĠĞ
Ă͘ ǀĞĐϱƉĞƚŝƚƐŝŶƚĞƌǀĂůůĞƐ
గ

‫ ܬ‬ൌ න •‹ ‫ ݔ‬ଶ ݀‫ݔ‬

଴
ܾെܽ ߨെͲ ߨ
݄ൌ ൌ ൌ 
݊ ͷ ͷ
‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ߨΤͷ ‫ݔ‬ଶ ൌ ʹߨΤͷ ‫ݔ‬ଷ ൌ ͵ߨΤͷ ‫ݔ‬ସ ൌ ͶߨΤͷ ‫ݔ‬ହ ൌ ߨ
݂ሺ‫ݔ‬௜ ሻ Ϭ͘ϬϬϬϬ Ϭ͘ϯϴϰϲ ϭ͘ϬϬϬϬ ͲϬ͘ϯϵϵϵ Ϭ͘Ϭϯϯϯ ͲϬ͘ϰϯϬϯ

ϱϲ

 ௕
݄
න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ீ்ܬ‬ఱ ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ݔ‬ହ ሻ ൅ ʹ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଶ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ൯൧
ʹ
௔
ߨ
‫ீ்ܬ‬ఱ ൌ ሾͲǤͲͲͲͲ െ ͲǤͶ͵Ͳ͵ ൅ ʹሺͲǤ͵ͺͶ͸ ൅ ͳǤͲͲͲͲ െ ͲǤ͵ͻͻͻ ൅ ͲǤͲ͵͵͵ሻሿ ൌ ͲǤͷͲͶͶ
ͳͲ
ď͘ ǀĞĐϭϬƉĞƚŝƚƐŝŶƚĞƌǀĂůůĞƐ
ܾെܽ ߨെͲ ߨ
݄ൌ ൌ ൌ 
݊ ͳͲ ͳͲ

‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ߨΤͳͲ ‫ݔ‬ଶ ൌ ߨΤͷ ‫ݔ‬ଷ ൌ ͵ߨΤͳͲ ‫ݔ‬ସ ൌ ʹߨΤͷ
݂ሺ‫ݔ‬௜ ሻ Ϭ͘ϬϬϬϬ Ϭ͘Ϭϵϴϱ Ϭ͘ϯϴϰϲ Ϭ͘ϳϳϲϬ ϭ͘ϬϬϬϬ


‫ݔ‬ହ ൌ ߨΤʹ ‫ ଺ݔ‬ൌ ͵ߨΤͷ ‫ ଻ݔ‬ൌ ͹ߨΤͳͲ ‫ ଼ݔ‬ൌ ͶߨΤͷ ‫ݔ‬ଽ ൌ ͻߨΤͳͲ ‫ݔ‬ଵ଴ ൌ ߨ
Ϭ͘ϲϮϰϯ ͲϬ͘ϯϵϵϵ ͲϬ͘ϵϵϮϰ Ϭ͘Ϭϯϯϯ Ϭ͘ϵϵϬϮ ͲϬ͘ϰϯϬϯ
௕

න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ீ்ܬ‬భబ 

௔

ĂǀĞĐ͗
݄
‫ீ்ܬ‬భబ ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ݔ‬ଵ଴ ሻ
ʹ
൅ ʹ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଶ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ ൅ ݂ሺ‫ݔ‬ହ ሻ ൅ ݂ሺ‫ ଺ݔ‬ሻ ൅ ݂ሺ‫ ଻ݔ‬ሻ  ൅ ݂ሺ‫ ଼ݔ‬ሻ ൅ ݂ሺ‫ݔ‬ଽ ሻ൯൧

ߨ
‫ீ்ܬ‬భబ ൌ ሾͲǤͲͲͲͲ െ ͲǤͶ͵Ͳ͵
ʹͲ
൅ ʹሺͲǤͲͻͺͷ ൅ ͲǤ͵ͺͶ͸ ൅ ͲǤ͹͹͸Ͳ ൅ ͳǤͲͲͲͲ ൅ ͲǤ͸ʹͶ͵ െ ͲǤ͵ͻͻͻ െ ͲǤͻͻʹͶ
൅ ͲǤͲ͵͵͵ ൅ ͲǤͻͻͲʹሻሿ

‫ீ்ܬ‬భబ ൌ ͲǤ͹ʹʹͶ

Ϯ͘ ŽŵƉĂƌĂŝƐŽŶ
‫ܬ‬௘௫௔௖௧௘ ൌϬ͘ϳϳϮϲ
ห‫ܬ‬௘௫௔௖௧௘ െ ‫ீ்ܬ‬ఱ ห ൌ ȁͲǤ͹͹ʹ͸ െ ͲǤͷͲͶͶȁ ൌ ͲǤʹ͸ͺʹ

ห‫ܬ‬௘௫௔௖௧௘ െ ‫ீ்ܬ‬భబ ห ൌ ȁͲǤ͹͹ʹ͸ െ ͲǤ͹ʹʹͶȁ ൌ ͲǤͲͷͲʹ

WŽƵƌ ůĞ ĐĂƐ ݊ ൌ ͷ ů͛ĞƌƌĞƵƌ ĂďƐŽůƵĞ ĞƐƚ Ϭ͘ϮϲϴϮ ƉĂƌ ƌĂƉƉŽƌƚ ă ůĂ ƐŽůƵƚŝŽŶ ĞdžĂĐƚĞ͘ WŽƵƌ ůĞ ĐĂƐ
݊ ൌ ͳͲů͛ĞƌƌĞƵƌĂďƐŽůƵĞĂĠƚĠƌĠĚƵŝƚĞăͲǤͲͷͲʹ͘ĞƚƚĞĞƌƌĞƵƌĂďƐŽůƵĞĞƐƚĞŶǀŝƌŽŶϱĨŽŝƐƉůƵƐ
ƉĞƚŝƚĞƋƵĞů͛ĞƌƌĞƵƌŽďƚĞŶƵĞĂǀĞĐϱŝŶƚĞƌǀĂůůĞƐ͘



ϱϳ

džĞƌĐŝĐĞϯ͗
ϭ͘ ĂůĐƵůĚĞů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ^ŝŵƉƐŽŶŐĠŶĠƌĂůŝƐĠĞ
Ă͘ ǀĞĐϰƉĞƚŝƚƐŝŶƚĞƌǀĂůůĞƐ
ଵ
ͳ
‫ܬ‬ൌන ݀‫ݔ‬
‫ݔ‬൅ͳ
଴

ܾെܽ ͳെͲ
݄ൌ ൌ ൌ ͲǤʹͷ
݊ Ͷ
‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ͲǤʹͷ ‫ݔ‬ଶ ൌ ͲǤͷͲ ‫ݔ‬ଷ ൌ ͲǤ͹ͷ ‫ݔ‬ସ ൌ ͳ
݂ሺ‫ݔ‬௜ ሻ ϭ Ϭ͘ϴ Ϭ͘ϲϲϲϲϲϳ Ϭ͘ϱϳϭϰϮϵ Ϭ͘ϱ
௕
݄
න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ܬ‬ௌீర ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ ൅ Ͷ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ൯ ൅ ʹ݂ሺ‫ݔ‬ଶ ሻ൧
͵
௔

ͲǤʹͷ
‫ܬ‬ௌீర ൌ ሾͳ ൅ ͲǤͷ ൅ ͶሺͲǤͺ ൅ ͲǤͷ͹ͳͶʹͻሻ ൅ ʹ ‫Ͳ כ‬Ǥ͸͸͸͸͸͹ሿ ൌ ͲǤ͸ͻ͵ʹͷͶ
͵

ď͘ ǀĞĐϴƉĞƚŝƚƐŝŶƚĞƌǀĂůůĞƐ
ܾെܽ ͳെͲ
݄ൌ ൌ ൌ ͲǤͳʹͷ
݊ ͺ

‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ͲǤͳʹͷ ‫ݔ‬ଶ ൌ ͲǤʹͷͲ ‫ݔ‬ଷ ൌ ͲǤ͵͹ͷ ‫ݔ‬ସ ൌ ͲǤͷͲͲ
݂ሺ‫ݔ‬௜ ሻ ϭ Ϭ͘ϴϴϴϴϴϵ Ϭ͘ϴ Ϭ͘ϳϮϳϮϳϯ Ϭ͘ϲϲϲϲϲϳ


‫ݔ‬ହ ൌ ͲǤ͸ʹͷ ‫ ଺ݔ‬ൌ ͲǤ͹ͷͲ ‫ ଻ݔ‬ൌ ͲǤͺ͹ͷ ‫ ଼ݔ‬ൌ ͳǤͲͲͲ
Ϭ͘ϲϭϱϯϴϱ Ϭ͘ϱϳϭϰϮϵ Ϭ͘ϱϯϯϯϯϯ Ϭ͘ϱ
௕

න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ܬ‬ௌீఴ 

௔

ǀĞĐ͗
݄
‫ܬ‬ௌீఴ ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ ଼ݔ‬ሻ ൅ Ͷ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ ൅ ݂ሺ‫ݔ‬ହ ሻ ൅ ݂ሺ‫ ଻ݔ‬ሻ൯
͵
൅ ʹ൫݂ሺ‫ݔ‬ଶ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ ൅ ݂ሺ‫ ଺ݔ‬ሻ൯൧

ͲǤͳʹͷ
‫ܬ‬ௌீఴ ൌ ሾͳ ൅ ͲǤͷ ൅ ͶሺͲǤͺͺͺͺͺͻ ൅ ͲǤ͹ʹ͹ʹ͹͵ ൅ ͲǤ͸ͳͷ͵ͺͷ ൅ ͲǤͷ͵͵͵͵͵ሻ
͵
൅ ʹሺͲǤͺ ൅ ͲǤ͸͸͸͸͸͹ ൅ ͲǤͷ͹ͳͶʹͻሻሿ

‫ܬ‬ௌீఴ ൌϬ͘ϲϵϯϭϱϱ

ϱϴ

 Ϯ͘ ŽŵƉĂƌĂŝƐŽŶ
ଵ
ͳ
‫ܬ‬௘௫௔௖௧௘ ൌ න ݀‫ ݔ‬ൌ ሾŽሺ‫ ݔ‬൅ ͳሻሿଵ଴ ൌ Ž ʹ
‫ݔ‬൅ͳ
଴

ห‫ܬ‬௘௫௔௖௧௘ െ ‫ܬ‬ௌீర ห ൌ ȁŽ ʹ െ ͲǤ͸ͻ͵ʹͷͶȁ ൌ ͳǤͲ͸ͺʹͳͲିସ 

ห‫ܬ‬௘௫௔௖௧௘ െ ‫ܬ‬ௌீఴ ห ൌ ȁŽ ʹ െ ͲǤ͸ͻ͵ͳͷͷȁ ൌϳ͘ϴϭϵϰͳͲି଺ 

WŽƵƌůĞĐĂƐ݊ ൌ Ͷů͛ĞƌƌĞƵƌĂďƐŽůƵĞĞƐƚͳǤͲ͸ͺʹͳͲିସ ƉĂƌƌĂƉƉŽƌƚăůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞ͘WŽƵƌůĞ
ĐĂƐ݊ ൌ ͺů͛ĞƌƌĞƵƌĂďƐŽůƵĞĂĠƚĠƌĠĚƵŝƚĞăϳ͘ϴϭϵϰͳͲି଺͘ĞƚƚĞĞƌƌĞƵƌĂďƐŽůƵĞĞƐƚĞŶǀŝƌŽŶϭϰ
ĨŽŝƐƉůƵƐƉĞƚŝƚĞƋƵĞů͛ĞƌƌĞƵƌŽďƚĞŶƵĞĂǀĞĐϰŝŶƚĞƌǀĂůůĞƐ͘
ϯ͘ ƌƌĞƵƌŵĂdžŝŵĂůĞ
݄݊ହ
ȁܴௌீ ȁ ൑ ‫ܧ‬ெ௔௫ ൌ ‫ܯ‬
ʹ ‫Ͳͻ כ‬
ĂǀĞĐ
ܾെܽ
݄ൌ 
݊
‫ ܯ‬ൌ ‫ݔܽܯ‬൛ห݂ ሺସሻ ሺߦሻหൟǡߦ ‫ א‬ሾܽǡ ܾሿ
ŽŶĐ
ሺܾ െ ܽሻହ
‫ܧ‬ெ௔௫ ൌ ‫ܯ‬
ͳͺͲ݊ସ
ĂůĐƵůŽŶƐ‫ܯ‬
ͳ ͳ ͳ ͳ
݂ሺ‫ݔ‬ሻ ൌ ǡ ݂ Ԣ ሺ ‫ݔ‬ሻ ൌ െ  ǡ ݂ԢԢ ሺ‫ݔ‬ሻ ൌ ʹ ǡ ݂ԢԢԢ ሺ‫ݔ‬ሻ ൌ െ͸ ǡ
‫ݔ‬൅ͳ ሺ‫ ݔ‬൅ ͳሻ ଶ ሺ‫ ݔ‬൅ ͳሻ ଷ ሺ‫ ݔ‬൅ ͳሻସ
ͳ
݂ሺͶሻ ሺ‫ݔ‬ሻ ൌ ʹͶ 
ሺ‫ ݔ‬൅ ͳሻହ

ͳ ͳ
‫ ܯ‬ൌ ‫ ݔܽܯ‬ቊቤʹͶ ͷ
ቤቋ ൌ ‫ ݔܽܯ‬ቊʹͶ ቋǡ ‫ א ݔ‬ሾͲǡͳሿ
ሺ‫ ݔ‬൅ ͳሻ ሺ‫ ݔ‬൅ ͳሻͷ

‫ݔ׊‬ଵ ‫ א‬ሾͲǡͳሿǡ ‫ݔ׊‬ଶ ‫ א‬ሾͲǡͳሿǡ ‫ݔ‬ଵ ൏ ‫ݔ‬ଶ ֜ ‫ݔ‬ଵ ൅ ͳ ൏ ‫ݔ‬ଶ ൅ ͳ ֜ ሺ‫ݔ‬ଵ ൅ ͳሻହ ൏ ሺ‫ݔ‬ଶ ൅ ͳሻହ 
ͳ ͳ ʹͶ ʹͶ
֜ ൐ ֜ ൐ ֜ ห݂ ሺସሻ ሺ‫ݔ‬ଵ ሻห ൐ ห݂ ሺସሻ ሺ‫ݔ‬ଶ ሻห
ሺ‫ݔ‬ଵ ൅ ͳሻ ହ ሺ‫ݔ‬ଶ ൅ ͳሻ ହ ሺ‫ݔ‬ଵ ൅ ͳሻ ହ ሺ‫ݔ‬ଶ ൅ ͳሻହ
֜ ห݂ ሺସሻ ሺ‫ݔ‬ሻห բ
֜ůĞ‫ݔܽܯ‬ĞƐƚŽďƚĞŶƵƉŽƵƌ‫ ݔ‬ൌ Ͳ͕ŽŶĐ
ͳ
‫ ܯ‬ൌ ʹͶ ൌ ʹͶ
ሺͲ ൅ ͳሻହ
WŽƵƌůĞĐĂƐ݊ ൌ Ͷ͕ŽŶŽďƚŝĞŶƚ͗
ሺͳ െ Ͳሻହ
‫ܧ‬ெ௔௫ ൌ ʹͶ ൌ ͷǤʹͲͺ͵ ‫ିͲͳ כ‬ସ
ͳͺͲ ‫ כ‬Ͷସ
ϱϵ

WŽƵƌůĞĐĂƐ݊ ൌ ͺ͕ŽŶŽďƚŝĞŶƚ͗
ሺͳ െ Ͳሻହ
‫ܧ‬ெ௔௫ ൌ ସ
ʹͶ ൌ ͵Ǥʹͷͷʹ ‫ିͲͳ כ‬ହ
ͳͺͲ ‫ כ‬ͺ


džĞƌĐŝĐĞϰ͗
ϭ͘ ĂůĐƵůĚĞů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐŐĠŶĠƌĂůŝƐĠĞ
గΤଶ

‫ ܬ‬ൌ න ݂ሺ‫ݔ‬ሻ ݀‫ݔ‬

଴

‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ߨΤͺ ‫ݔ‬ଶ ൌ ߨΤͶ ‫ݔ‬ଷ ൌ ͵ ߨΤͺ ‫ݔ‬ସ ൌ ߨΤʹ
݂ሺ‫ݔ‬௜ ሻ Ϭ Ϭ͘ϯϴϮϲϴϯ Ϭ͘ϳϬϳϭϬϳ Ϭ͘ϵϮϯϴϴϬ ϭ
ߨ
݄ ൌ ‫ݔ‬ଵ െ ‫ݔ‬଴ ൌ ‫ݔ‬ଶ െ ‫ݔ‬ଵ ൌ ‫ݔ‬ଷ െ ‫ݔ‬ଶ ൌ ‫ݔ‬ସ െ ‫ݔ‬ଷ ൌ 
ͺ
௕
݄
න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ீ்ܬ‬ర ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ ൅ ʹ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଶ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ൯൧
ʹ
௔
ߨ
‫ீ்ܬ‬ర ൌ ሾͲ ൅ ͳ ൅ ʹሺͲǤ͵ͺʹ͸ͺ͵ ൅ ͲǤ͹Ͳ͹ͳͲ͹ ൅ ͲǤͻʹ͵ͺͺͲሻሿ ൌ ͲǤͻͺ͹ͳͳ͸
ͳ͸
Ϯ͘ ĂůĐƵůĚĞů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞ^ŝŵƉƐŽŶŐĠŶĠƌĂůŝƐĠĞ
௕
݄
න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ܬ‬ௌீర ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ ൅ Ͷ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ൯ ൅ ʹ݂ሺ‫ݔ‬ଶ ሻ൧
͵
௔
ߨ
‫ܬ‬ௌீర ൌ ሾͲ ൅ ͳ ൅ ͶሺͲǤ͵ͺʹ͸ͺ͵ ൅ ͲǤͻʹ͵ͺͺͲሻ ൅ ʹ ‫Ͳ כ‬Ǥ͹Ͳ͹ͳͲ͹ሿ ൌ ͳǤͲͲͲͳ͵ͷ
ʹͶ
ϯ͘ ŽŵƉĂƌĂŝƐŽŶ
గΤଶ
Τଶ
‫ܬ‬௘௫௔௖௧௘ ൌ න •‹ ‫ ݔ݀ ݔ‬ൌ െሾ…‘• ‫ݔ‬ሿగ଴ ൌ ͳ
଴

ห‫ܬ‬௘௫௔௖௧௘ െ ‫ܬ‬ௌீర ห ൌ ȁͳ െ ͲǤͻͺ͹ͳͳ͸ȁ ൌ ͲǤͲͳʹͺͺͶ

ห‫ܬ‬௘௫௔௖௧௘ െ ‫ܬ‬ௌீఴ ห ൌ ȁͳ െ ͳǤͲͲͲͳ͵ͷȁ ൌ ͲǤͲͲͲͳ͵ͷ

KŶ ĐŽŶƐƚĂƚĞ ƋƵĞ ůĂ ŵĠƚŚŽĚĞ ĚĞ ^ŝŵƉƐŽŶ ĚŽŶŶĞ ƵŶĞ ƉƌĠĐŝƐŝŽŶ ƐƵƉĠƌŝĞƵƌĞ ă ĐĞůůĞ ĚĞ ůĂ
ŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐ͘
ϰ͘ EŽŵďƌĞĚ͛ŝŶƚĞƌǀĂůůĞƐ࢔
>͛ĞƌƌĞƵƌƚŚĠŽƌŝƋƵĞĐŽŵŵŝƐĞƉĂƌůĂŵĠƚŚŽĚĞĚĞ^ŝŵƉƐŽŶǀĠƌŝĨŝĞ͗
݄݊ହ
ȁܴௌீ ȁ ൑ ‫ܧ‬ெ௔௫ ൌ ‫ܯ‬
ʹ ‫Ͳͻ כ‬

ϲϬ

 గ
Žƶ‫ ܯ‬ൌ ‫ݔܽܯ‬൛ห݂ ሺସሻ ሺߦሻหൟǡߦ ‫ א‬ቂͲǡ ଶ ቃ

ŝŶƐŝƉŽƵƌƋƵĞȁܴௌீ ȁ ൑ ߝŝůƐƵĨĨŝƚƋƵĞ݊ǀĠƌŝĨŝĞ͗
݄݊ହ ሺܾ െ ܽሻହ ସ
ሺܾ െ ܽሻହ
‫ܯ‬ൌ ‫ܯ‬ ൑ ߝ ֜  ݊ ൒ ‫ܯ‬
ͳͺͲ ͳͺͲ݊ସ ͳͺͲߝ
݂ሺ‫ݔ‬ሻ ൌ •‹ ‫ ݂  ֜  ݔ‬ሺସሻ ሺ‫ݔ‬ሻ ൌ •‹ ‫ݔ‬
గ గ
݂ ሺସሻ ሺ‫ݔ‬ሻ աƐƵƌቂͲǡ ቃ  ֜ ‫ ܯ‬ൌ ݂ ሺସሻ ቀ ቁ ൌ ͳ
ଶ ଶ

ŽŶĐ
ߨ ହ
ቀ െ Ͳቁ
݊ସ ൒ ʹ ‫ ݊ ֜ ͳ כ‬൒ ͳͷǤͳͺ
ͳͺͲ ‫ ଺ିͲͳ כ‬
KŶƉƌĞŶĚ݊ ൌ ͳ͸͘

džĞƌĐŝĐĞϱ;ƐƵƉƉůĠŵĞŶƚĂŝƌĞͿ͗
ϭ͘ ĂůĐƵůĚĞů͛ŝŶƚĠŐƌĂůĞĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚĞƐƚƌĂƉğnjĞƐŐĠŶĠƌĂůŝƐĠĞ
Ă͘ ǀĞĐϰƉĞƚŝƚƐŝŶƚĞƌǀĂůůĞƐ
ଵ

‫ ܬ‬ൌ න ݁ ௫ ݀‫ݔ‬
଴
ܾെܽ ͳെͲ
݄ൌ ൌ ͲǤʹͷ
݊ Ͷ
‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ͲǤʹͷ ‫ݔ‬ଶ ൌ ͲǤͷͲ ‫ݔ‬ଷ ൌ ͲǤ͹ͷ ‫ݔ‬ସ ൌ ͳ
݂ሺ‫ݔ‬௜ ሻ ϭ ϭ͘ϮϴϰϬ ϭ͘ϲϰϴϳ Ϯ͘ϭϭϳϬ Ϯ͘ϳϭϴϯ
௕
݄
න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ீ்ܬ‬ర ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ ൅ ʹ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଶ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ൯൧
ʹ
௔

ͲǤʹͷ
‫ீ்ܬ‬ర ൌ ሾͳ ൅ ʹǤ͹ͳͺ͵ ൅ ʹሺͳǤʹͺͶͲ ൅ ͳǤ͸Ͷͺ͹ ൅ ʹǤͳͳ͹Ͳሻሿ ൌ ͳǤ͹ʹ͹ʹ
ʹ
ď͘ ǀĞĐϴƉĞƚŝƚƐŝŶƚĞƌǀĂůůĞƐ
ܾെܽ ͳെͲ
݄ൌ ൌ ൌ ͲǤͳʹͷ
݊ ͺ

‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ͲǤͳʹͷ ‫ݔ‬ଶ ൌ ͲǤʹͷͲ ‫ݔ‬ଷ ൌ ͲǤ͵͹ͷ ‫ݔ‬ସ ൌ ͲǤͷͲͲ
݂ሺ‫ݔ‬௜ ሻ ϭ ϭ͘ϭϯϯϭ ϭ͘ϮϴϰϬ ϭ͘ϰϱϱϬ ϭ͘ϲϰϴϳ


‫ݔ‬ହ ൌ ͲǤ͸ʹͷ ‫ ଺ݔ‬ൌ ͲǤ͹ͷͲ ‫ ଻ݔ‬ൌ ͲǤͺ͹ͷ ‫ ଼ݔ‬ൌ ͳǤͲͲͲ
ϭ͘ϴϲϴϮ Ϯ͘ϭϭϳϬ Ϯ͘ϯϵϴϵ Ϯ͘ϳϭϴϯ

ϲϭ

 ௕

න ݂ሺ‫ݔ‬ሻ ݀‫ ݔ‬؄ ‫ீ்ܬ‬ఴ 

௔

ǀĞĐ͗
݄
‫ீ்ܬ‬ఴ ൌ ൣ݂ሺ‫ݔ‬଴ ሻ ൅ ݂ሺ‫ ଼ݔ‬ሻ ൅ ʹ൫݂ሺ‫ݔ‬ଵ ሻ ൅ ݂ሺ‫ݔ‬ଶ ሻ ൅ ݂ሺ‫ݔ‬ଷ ሻ ൅ ݂ሺ‫ݔ‬ସ ሻ ൅ ݂ሺ‫ݔ‬ହ ሻ ൅ ݂ሺ‫ ଺ݔ‬ሻ ൅ ݂ሺ‫ ଻ݔ‬ሻ൯൧
ʹ
ͲǤͳʹͷ
‫ீ்ܬ‬ఴ ൌ ሾͳ ൅ ʹǤ͹ͳͺ͵
ʹ
൅ ʹሺͳǤͳ͵͵ͳ ൅ ͳǤʹͺͶͲ ൅ ͳǤͶͷͷͲ ൅ ͳǤ͸Ͷͺ͹ ൅ ͳǤͺ͸ͺʹ ൅ ʹǤͳͳ͹Ͳ ൅ ʹǤ͵ͻͺͻሻሿ

‫ீ்ܬ‬ఴ ൌ ͳǤ͹ʹͲͷ

ϯ͘ ŽŵƉĂƌĂŝƐŽŶ
ଵ

‫ܬ‬௘௫௔௖௧௘ ൌ න ݁ ௫ ݀‫ ݔ‬ൌ ሾ݁ ௫ ሿଵ଴ ൌ ݁ ଵ െ ݁ ଴ ൌ ͳǤ͹ͳͺ͵

଴

ห‫ܬ‬௘௫௔௖௧௘ െ ‫ீ்ܬ‬ర ห ൌ ȁͳǤ͹ͳͺ͵ െ ͳǤ͹ʹ͹ʹȁ ൌ ͲǤͲͲͺͻ

ห‫ܬ‬௘௫௔௖௧௘ െ ‫ீ்ܬ‬ఴ ห ൌ ȁͳǤ͹ͳͺ͵ െ ͳǤ͹ʹͲͷȁ ൌ ͲǤͲͲʹʹ

WŽƵƌ ůĞ ĐĂƐ݊ ൌ Ͷ ů͛ĞƌƌĞƵƌ ĂďƐŽůƵĞĞƐƚͲǤͲͲͺͻ ƉĂƌ ƌĂƉƉŽƌƚă ůĂ ƐŽůƵƚŝŽŶ ĞdžĂĐƚĞ͘ WŽƵƌ ůĞ ĐĂƐ
݊ ൌ ͺů͛ĞƌƌĞƵƌĂďƐŽůƵĞĂĠƚĠƌĠĚƵŝƚĞăͲǤͲͲʹʹ͘ĞƚƚĞĞƌƌĞƵƌĂďƐŽůƵĞĞƐƚĞŶǀŝƌŽŶϰĨŽŝƐƉůƵƐ
ƉĞƚŝƚĞƋƵĞů͛ĞƌƌĞƵƌŽďƚĞŶƵĞĂǀĞĐϰŝŶƚĞƌǀĂůůĞƐ͘
ϰ͘ ƌƌĞƵƌŵĂdžŝŵĂůĞ
݄݊ଷ
ȁ்ܴீ ȁ ൑ ‫ܧ‬ெ௔௫ ൌ ‫ܯ‬
ͳʹ
ǀĞĐ͗
ܾെܽ
݄ൌ 
݊
‫ ܯ‬ൌ ‫ݔܽܯ‬ሼȁ݂ ᇱᇱ ሺߦሻȁሽǡߦ ‫ א‬ሾܽǡ ܾሿ
ŽŶĐ
ሺܾ െ ܽሻଷ
‫ܧ‬ெ௔௫ ൌ ‫ܯ‬
ͳʹ݊ଶ
ĂůĐƵůŽŶƐ‫ܯ‬
݂ሺ‫ݔ‬ሻ ൌ ݁ ௫ ͕݂ ᇱ ሺ‫ݔ‬ሻ ൌ ݁ ௫ ǡ ݂ ᇱᇱ ሺ‫ݔ‬ሻ ൌ ݁ ௫ 
‫ ܯ‬ൌ ‫ݔܽܯ‬ሼȁ݁ ௫ ȁሽ ൌ ‫ݔܽܯ‬ሼ݁ ௫ ሽǡ ‫ א ݔ‬ሾͲǡͳሿ
ሺ݁ ௫ ሻᇱ ൌ ݁ ௫ ൐ Ͳ ֜  ݂ ᇱᇱ ሺ‫ݔ‬ሻ ա֜ ‫ ܯ‬ൌ ݁ ଵ ൌ ݁
WŽƵƌůĞĐĂƐ݊ ൌ Ͷ͕ŽŶŽďƚŝĞŶƚ͗

ϲϮ

 ሺͳ െ Ͳሻଷ
‫ܧ‬ெ௔௫ ൌ ݁ ൌ ͲǤͲͳͶʹ
ͳʹ ‫ כ‬Ͷଶ
WŽƵƌůĞĐĂƐ݊ ൌ ͺ͕ŽŶŽďƚŝĞŶƚ͗
ሺͳ െ Ͳሻଷ
‫ܧ‬ெ௔௫ ൌ ݁ ൌ ͲǤͲͲ͵ͷǤ
ͳʹ ‫ כ‬ͺଶ

 

ϲϯ

 dŶΣϱ
džĞƌĐŝĐĞϭ͗
^Žŝƚů͛ĠƋƵĂƚŝŽŶĚŝĨĨĠƌĞŶƚŝĞůůĞƐƵŝǀĂŶƚĞ͗
‫ݕ‬ᇱ ൌ ‫ ݕ‬൅ ‫ݔ‬
൜ 
‫ݕ‬ሺͲሻ ൌ ͳ
ϭ͘ ĂůĐƵůĞƌůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞĚĞĐĞƚƚĞĠƋƵĂƚŝŽŶĞŶ‫ ݔ‬ൌ ͳăů͛ĂŝĚĞĚĞůĂŵĠƚŚŽĚĞ
Ě͛ƵůĞƌĞŶƐƵďĚŝǀŝƐĂŶƚů͛ŝŶƚĞƌǀĂůůĞĚĞƚƌĂǀĂŝůĞŶϭϬƉĂƌƚŝĞƐĠŐĂůĞƐ͘
Ϯ͘ ^ĂĐŚĂŶƚƋƵĞůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞĞƐƚ‫ݕ‬௘௫௔௖௧௘ ሺ‫ݔ‬ሻ ൌ െͳ െ ‫ ݔ‬൅ ʹ݁ ௫ ͕ĐŽŵƉĂƌĞƌůĞƌĠƐƵůƚĂƚ
ŽďƚĞŶƵĂǀĞĐůĂƐŽůƵƚŝŽŶ‫ݕ‬௘௫௔௖௧௘ ሺͳሻ͘

džĞƌĐŝĐĞϮ͗
>͛ĠƋƵĂƚŝŽŶĚŝĨĨĠƌĞŶƚŝĞůůĞ
‫ ݕ‬ᇱ ൌ ‫ ݕ‬൅ ݁ ଶ௫
൜ 
‫ݕ‬ሺͲሻ ൌ ʹ
WŽƐƐğĚĞůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞ‫ݕ‬௘௫௔௖௧௘ ሺ‫ݔ‬ሻ ൌ ݁ ௫ ൅ ݁ ଶ௫ ͘
ϭ͘ ŶƉƌĞŶĂŶƚ݄ ൌ ͲǤͳ͕ĨĂŝƌĞϭŝƚĠƌĂƚŝŽŶĚĞůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌͲĂƵĐŚLJ;ƵůĞƌŵŽĚŝĨŝĠĞͿ
ĞƚĐĂůĐƵůĞƌů͛ĞƌƌĞƵƌĐŽŵŵŝƐĞĞŶĐŽŵƉĂƌĂŶƚůĞƌĠƐƵůƚĂƚŽďƚĞŶƵĂǀĞĐůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞ
‫ݕ‬௘௫௔௖௧௘ ሺͲǤͳሻ͘
Ϯ͘ Ŷ ƉƌĞŶĂŶƚ ݄ ൌ ͲǤͲͷ͕ ĨĂŝƌĞ Ϯ ŝƚĠƌĂƚŝŽŶƐ ĚĞ ůĂ ŵĠƚŚŽĚĞ Ě͛ƵůĞƌͲĂƵĐŚLJ Ğƚ ĐĂůĐƵůĞƌ
ů͛ĞƌƌĞƵƌĐŽŵŵŝƐĞƐƵƌ‫ݕ‬ሺͲǤͳሻĞŶĐŽŵƉĂƌĂŶƚůĞƌĠƐƵůƚĂƚŽďƚĞŶƵĂǀĞĐůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞ
‫ݕ‬௘௫௔௖௧௘ ሺͲǤͳሻ͘
ϯ͘ &ĂŝƌĞůĞƌĂƉƉŽƌƚĚĞƐĞƌƌĞƵƌƐĐŽŵŵŝƐĞƐĞŶϭͿĞƚϮͿĞƚĐŽŵŵĞŶƚĞƌůĞƌĠƐƵůƚĂƚŽďƚĞŶƵ͘

džĞƌĐŝĐĞϯ͗
^Žŝƚů͛ĠƋƵĂƚŝŽŶĚŝĨĨĠƌĞŶƚŝĞůůĞƐƵŝǀĂŶƚĞ͗
‫ ݕ‬ᇱ ൌ െ‫ ݕ‬൅ ‫ ݔ‬൅ ͳ
൜ 
‫ݕ‬ሺͲሻ ൌ ͳ
ϭ͘ ĂůĐƵůĞƌ ů͛ĂƉƉƌŽdžŝŵĂƚŝŽŶ ĚĞ ‫ݕ‬ሺͲǤʹሻ ĞŶ ƵƚŝůŝƐĂŶƚ ůĞƐ ŵĠƚŚŽĚĞƐ Ě͛ƵůĞƌ Ğƚ ĚĞ ZƵŶŐĞͲ
<ƵƚƚĂĚ͛ŽƌĚƌĞϰ͕ĂǀĞĐƵŶƉĂƐ݄ ൌ ͲǤͳ͘
Ϯ͘ WŽƵƌ ĐŚĂƋƵĞ ŵĠƚŚŽĚĞ͕ ĐĂůĐƵůĞƌ ů͛ĞƌƌĞƵƌ ĐŽŵŵŝƐĞ ĞŶ ĐŽŵƉĂƌĂŶƚ ůĞ ƌĠƐƵůƚĂƚ ŽďƚĞŶƵ
ĂǀĞĐůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞ‫ݕ‬௘௫௔௖௧௘ ሺͲǤʹሻ ൌ ͳǤͲͳͺ͹͵Ͳ͹ͺͲ͘ ŽŵŵĞŶƚĞƌůĞƌĠƐƵůƚĂƚŽďƚĞŶƵ͘
 ZĞŵĂƌƋƵĞ͗hƚŝůŝƐĞƌϵĐŚŝĨĨƌĞƐƐŝŐŶŝĨŝĐĂƚŝĨƐĂƉƌğƐůĂǀŝƌŐƵůĞ͘


ϲϰ

 ^ŽůƵƚŝŽŶĚƵdŶΣϱ
džĞƌĐŝĐĞϭ
‫ݕ‬ᇱ ൌ ‫ ݕ‬൅ ‫ݔ‬
൜ 
‫ݕ‬ሺͲሻ ൌ ͳ
ϭ͘ ĂůĐƵůĚĞůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞĚĞů͛ĠƋƵĂƚŝŽŶĚŝĨĨĠƌĞŶƚŝĞůůĞĞŶ࢞ ൌ ૚ăů͛ĂŝĚĞĚĞ
ůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌ
>͛ŝŶƚĞƌǀĂůůĞĚĞƚƌĂǀĂŝůĞƐƚሾͲǡͳሿ͘
ଵି଴
>ĞƉĂƐ݄ĞƐƚ݄͗ ൌ ଵ଴
ൌ ͲǤͳ͘

ĞƉůƵƐ͕ŽŶĂ݂͗ሺ‫ݔ‬ǡ ‫ݕ‬ሻ ൌ ‫ ݕ‬൅ ‫͘ݔ‬

KŶƉĞƵƚĚŽŶĐƵƚŝůŝƐĞƌůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌ͗
‫ݕ‬ሺ‫ݔ‬௡ାଵ ሻ ؄ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ݄݂൫‫ݔ‬௡ ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ൯
Ğƚ ŽďƚĞŶŝƌ ƐƵĐĐĞƐƐŝǀĞŵĞŶƚ ĚĞƐ ĂƉƉƌŽdžŝŵĂƚŝŽŶƐ ĚĞ ‫ݕ‬ሺͲǤͳሻ͕ ‫ݕ‬ሺͲǤʹሻ͕ ‫ݕ‬ሺͲǤ͵ሻ͕ ‫ݕ‬ሺͲǤͶሻ͕ ‫ݕ‬ሺͲǤͷሻ͕
‫ݕ‬ሺͲǤ͸ሻ͕‫ݕ‬ሺͲǤ͹ሻ͕‫ݕ‬ሺͲǤͺሻ͕‫ݕ‬ሺͲǤͻሻĞƚ‫ݕ‬ሺͳǤͲሻ͘>ĂƉƌĞŵŝğƌĞŝƚĠƌĂƚŝŽŶƉƌŽĚƵŝƚ͗
‫ݕ‬ሺͲǤͳሻ ؄ ‫ݕ‬ሺͲሻ ൅ ݄݂ሺͲǡ ͳሻ ൌ ͳ ൅ ͲǤͳሺͳ ൅ Ͳሻ ൌ ͳǤͳ͘
ĞŵĂŶŝğƌĞƐŝŵŝůĂŝƌĞ͕ůĂĚĞƵdžŝğŵĞŝƚĠƌĂƚŝŽŶĚŽŶŶĞ͗
‫ݕ‬ሺͲǤʹሻ ؄ ‫ݕ‬ሺͲǤͳሻ ൅ ݄݂ሺͲǤͳǡ ͳǤͳሻ ൌ ͳǤͳ ൅ ͲǤͳሺͳǤͳ ൅ ͲǤͳሻ ൌ ͳǤʹʹ͘
ĞƚůĂƚƌŽŝƐŝğŵĞŝƚĠƌĂƚŝŽŶĚŽŶŶĞ͗
‫ݕ‬ሺͲǤ͵ሻ ؄ ‫ݕ‬ሺͲǤʹሻ ൅ ݄݂ሺͲǤʹǡ ͳǤʹʹሻ ൌ ͳǤʹʹ ൅ ͲǤͳሺͳǤʹʹ ൅ ͲǤʹሻ ൌ ͳǤ͵͸ʹ͘
>ĞƚĂďůĞĂƵƐƵŝǀĂŶƚƌĂƐƐĞŵďůĞůĞƐƌĠƐƵůƚĂƚƐĚĞƐĚŝdžƉƌĞŵŝğƌĞƐŝƚĠƌĂƚŝŽŶƐ͗
‫ݔ‬௡  Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘Ϯ Ϭ͘ϯ Ϭ͘ϰ Ϭ͘ϱ Ϭ͘ϲ
‫ݕ‬ሺ‫ݔ‬௡ ሻ ϭ͘ϬϬϬϬ ϭ͘ϭϬϬϬ ϭ͘ϮϮϬϬ ϭ͘ϯϲϮϬ ϭ͘ϱϮϴϮ ϭ͘ϳϮϭϬϮ ϭ͘ϵϰϯϭϮϮ

Ϭ͘ϳ Ϭ͘ϴ Ϭ͘ϵ ϭ͘Ϭ
Ϯ͘ϭϵϳϰϯϰϮ Ϯ͘ϰϴϳϭϳϳϲϮ Ϯ͘ϴϭϱϴϵϱϯϴϮ ϯ͘ϭϴϳϰϴϰϵϮϬϮ
ŽŶĐ͕ůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞĚĞů͛ĠƋƵĂƚŝŽŶĚŝĨĨĠƌĞŶƚŝĞůůĞĞŶ‫ ݔ‬ൌ ͳĞƐƚ͗
‫ݕ‬ሺͳሻ ؄ ͵Ǥͳͺ͹ͶͺͶͻʹͲʹ
Ϯ͘ ŽŵƉĂƌĂŝƐŽŶĚƵƌĠƐƵůƚĂƚŽďƚĞŶƵĂǀĞĐůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞ
>Ă ƐŽůƵƚŝŽŶ ĞdžĂĐƚĞ ĞƐƚ͗ ‫ݕ‬௘௫௔௖௧௘ ሺ‫ݔ‬ሻ ൌ െͳ െ ‫ ݔ‬൅ ʹ݁ ௫ ͘ ŝŶƐŝ͕ ůĂ ƐŽůƵƚŝŽŶ ĞdžĂĐƚĞ ĞŶ ‫ ݔ‬ൌ ͳ
ĚŽŶŶĞ͗
‫ݕ‬௘௫௔௖௧௘ ሺͳሻ ൌ െͳ െ ͳ ൅ ʹ݁ ଵ ൌ ͵ǤͶ͵͸ͷ͸͵͸ͷ͸ͻ
ŽŶĐů͛ĞƌƌĞƵƌĐŽŵŵŝƐĞĞƐƚ͗
‫ܧ‬௘ ൌ ȁ‫ݕ‬௘௫௔௖௧௘ ሺͳሻ െ ‫ݕ‬ሺͳሻȁ ൌ ȁ͵ǤͶ͵͸ͷ͸͵͸ͷ͸ͻ െ ͵Ǥͳͺ͹ͶͺͶͻʹͲʹȁ ൌ ͲǤʹͶͻͲ͹ͺ͹͵͸͹

ϲϱ

džĞƌĐŝĐĞϮ
‫ ݕ‬ᇱ ൌ ‫ ݕ‬൅ ݁ ଶ௫
൜ 
‫ݕ‬ሺͲሻ ൌ ʹ
ϭ͘ ĂůĐƵůĚĞůĂƉƌĞŵŝğƌĞŝƚĠƌĂƚŝŽŶĚĞůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌͲĂƵĐŚLJ
>ĞƉĂƐĞƐƚ݄ ൌ ͲǤͳ
ĞƉůƵƐ͕ŽŶĂ݂ሺ‫ݔ‬ǡ ‫ݕ‬ሻ ൌ ‫ ݕ‬൅ ݁ ଶ௫ 
KŶƉĞƵƚĚŽŶĐƵƚŝůŝƐĞƌůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌͲĂƵĐŚLJ͗
݄
‫ݕ‬ሺ‫ݔ‬௡ାଵ ሻ ؄ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ൣ݂൫‫ݔ‬௡ ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ൯ ൅ ݂ሺ‫ݔ‬௡ାଵ ǡ ‫ݕ‬௡ଵ ሻ൧
ʹ
ĂǀĞĐ
‫ݕ‬௡ଵ ൌ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ݄݂൫‫ݔ‬௡ ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ൯
ĞƚŽďƚĞŶŝƌů͛ĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞ‫ݕ‬ሺͲǤͳሻ͘ůĂƉƌĞŵŝğƌĞŝƚĠƌĂƚŝŽŶƉƌŽĚƵŝƚ͗
‫ݕ‬௡ଵ ൌ ‫ݕ‬ሺͲሻ ൅ ݄݂ሺͲǡ ʹሻ ൌ ʹ ൅ ͲǤͳሺʹ ൅ ݁ ଶ‫כ‬଴ ሻ ൌ ʹǤ͵
ƋƵŝĞƐƚůĞƌĠƐƵůƚĂƚŽďƚĞŶƵăů͛ĂŝĚĞĚĞůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌ͘>ĂĚĞƵdžŝğŵĞĠƚĂƉĞĚŽŶŶĞ͗
݄ ͲǤͳ
‫ݕ‬ሺͲǤͳሻ ؄ ‫ݕ‬ሺͲሻ ൅ ሾ݂ሺͲǡ ʹሻ ൅ ݂ሺͲǤͳǡ ʹǤ͵ሻሿ ൌ ʹ ൅ ሾʹ ൅ ݁ ଶ‫כ‬଴ ൅ ʹǤ͵ ൅ ݁ ଶ‫כ‬଴Ǥଵ ሿ
ʹ ʹ
ൌ ʹǤ͵ʹ͸Ͳ͹Ͳͳ͵ͺ

ƌƌĞƵƌĐŽŵŵŝƐĞ
>ĂƐŽůƵƚŝŽŶĞdžĂĐƚĞĞƐƚ͗‫ݕ‬௘௫௔௖௧௘ ሺ‫ݔ‬ሻ ൌ ݁ ௫ ൅ ݁ ଶ௫ 
>Ă ƐŽůƵƚŝŽŶ ĞdžĂĐƚĞ ĞŶ ‫ ݔ‬ൌ ͲǤͳ ĚŽŶŶĞ͗ ‫ݕ‬௘௫௔௖௧௘ ሺͲǤͳሻ ൌ ݁ ଴Ǥଵ ൅ ݁ ଶ‫כ‬଴Ǥଵ ൌ ʹǤ͵ʹ͸ͷ͹͵͸͹͸͕ ĚŽŶĐ
ů͛ĞƌƌĞƵƌĐŽŵŵŝƐĞĞƐƚ͗
‫ܧ‬௘௖ሺ௛ୀ଴Ǥଵሻ ൌ ȁ‫ݕ‬௘௫௔௖௧௘ ሺͲǤͳሻ െ ‫ݕ‬ሺͲǤͳሻȁ ൌ ȁʹǤ͵ʹ͸ͷ͹͵͸͹͸ െ ʹǤ͵ʹ͸Ͳ͹Ͳͳ͵ͺȁ ൌ ͲǤͲͲͲͷͲ͵ͷ͵ͺ͘

Ϯ͘ ĂůĐƵůĚĞƐĚĞƵdžƉƌĞŵŝğƌĞƐŝƚĠƌĂƚŝŽŶƐĚĞůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌͲĂƵĐŚLJ
>ĞƉĂƐĞƐƚ݄ ൌ ͲǤͲͷ
ĞƉůƵƐ͕ŽŶĂ݂ሺ‫ݔ‬ǡ ‫ݕ‬ሻ ൌ ‫ ݕ‬൅ ݁ ଶ௫ 
KŶ ƉĞƵƚ ĚŽŶĐ ƵƚŝůŝƐĞƌ ůĂ ŵĠƚŚŽĚĞ Ě͛ƵůĞƌͲĂƵĐŚLJ Ğƚ ŽďƚĞŶŝƌ ƐƵĐĐĞƐƐŝǀĞŵĞŶƚ ůĞƐ
ĂƉƉƌŽdžŝŵĂƚŝŽŶƐĚĞ‫ݕ‬ሺͲǤͲͷሻĞƚ‫ݕ‬ሺͲǤͳሻ͘>ĂƉƌĞŵŝğƌĞŝƚĠƌĂƚŝŽŶƉƌŽĚƵŝƚ͗
‫ݕ‬௡ଵ ൌ ‫ݕ‬ሺͲሻ ൅ ݄݂ሺͲǡ ʹሻ ൌ ʹ ൅ ͲǤͲͷሺʹ ൅ ݁ ଶ‫כ‬଴ ሻ ൌ ʹǤͳͷ
ƋƵŝĞƐƚůĞƌĠƐƵůƚĂƚŽďƚĞŶƵăů͛ĂŝĚĞĚĞůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌ͘>ĂĚĞƵdžŝğŵĞĠƚĂƉĞĚŽŶŶĞ͗
݄ ͲǤͲͷ
‫ݕ‬ሺͲǤͲͷሻ ؄ ‫ݕ‬ሺͲሻ ൅ ሾ݂ሺͲǡ ʹሻ ൅ ݂ሺͲǤͲͷǡ ʹǤͳͷሻሿ ൌ ʹ ൅ ሾʹ ൅ ݁ ଶ‫כ‬଴ ൅ ʹǤͳͷ ൅ ݁ ଶ‫כ‬଴Ǥ଴ହ ሿ
ʹ ʹ
ൌ ʹǤͳͷ͸͵͹ͻʹ͹͵

ĞŵĂŶŝğƌĞƐŝŵŝůĂŝƌĞ͕ůĂĚĞƵdžŝğŵĞŝƚĠƌĂƚŝŽŶĚŽŶŶĞ͗

ϲϲ

‫ݕ‬௡ଵ ൌ ‫ݕ‬ሺͲǤͲͷሻ ൅ ݄݂ሺͲǤͲͷǡ ʹǤͳͷ͸͵͹ͻʹ͹͵ሻ ൌ ʹǤͳͷ͸͵͹ͻʹ͹͵ ൅ ͲǤͲͷሺʹǤͳͷ͸͵͹ͻʹ͹͵ ൅ ݁ ଶ‫כ‬଴Ǥ଴ହ ሻ
ൌ ʹǤ͵ͳͻͶͷ͸͹ͺʹ

>ĂĐŽƌƌĞĐƚŝŽŶĐŽŶĚƵŝƚăƐŽŶƚŽƵƌă͗
݄
‫ݕ‬ሺͲǤͳሻ ؄ ‫ݕ‬ሺͲǤͲͷሻ ൅ ሾ݂ሺͲǤͲͷǡ ʹǤͳͷ͸͵͹ͻʹ͹͵ሻ ൅ ݂ሺͲǤͳǡ ʹǤ͵ͳͻͶͷ͸͹ͺʹሻሿ
ʹ
ͲǤͲͷ
ൌ ʹǤͳͷ͸͵͹ͻʹ͹͵ ൅ ሾʹǤͳͷ͸͵͹ͻʹ͹͵ ൅ ݁ ଶ‫כ‬଴Ǥ଴ହ ൅ ʹǤ͵ͳͻͶͷ͸͹ͺʹ ൅ ݁ ଶ‫כ‬଴Ǥଵ ሿ
ʹ
ൌ ʹǤ͵ʹ͸Ͷ͵ͻͷͳ͸

ƌƌĞƵƌĐŽŵŵŝƐĞ
ů͛ĞƌƌĞƵƌĐŽŵŵŝƐĞĞƐƚ͗
‫ܧ‬௘௖ሺ௛ୀ଴Ǥ଴ହሻ ൌ ȁ‫ݕ‬௘௫௔௖௧௘ ሺͲǤͳሻ െ ‫ݕ‬ሺͲǤͳሻȁ ൌ ȁʹǤ͵ʹ͸ͷ͹͵͸͹͸ െ ʹǤ͵ʹ͸Ͷ͵ͻͷͳ͸ȁ ൌ ͲǤͲͲͲͳ͵Ͷͳ͸

ϯ͘ ZĂƉƉŽƌƚĚĞƐĞƌƌĞƵƌƐ
>ĞƌĂƉƉŽƌƚĚĞƐĞƌƌĞƵƌƐĞƐƚ͗
‫ܧ‬௘௖ሺ௛ୀ଴Ǥଵሻ
ܴൌ ൌ ͵Ǥ͹ͷ ؄ ʹଶ 
‫ܧ‬௘௖ሺ௛ୀ଴Ǥ଴ହሻ
KŶǀŽŝĞŶĞƚƚĞŵĞŶƚƋƵĞů͛ĠĐĂƌƚĞŶƚƌĞůĂƐŽůƵƚŝŽŶĞdžĂĐƚĞĞƚůĂƐŽůƵƚŝŽŶĂƉƉƌŽdžŝŵĂƚŝǀĞĚŝŵŝŶƵĞ
Ě͛ƵŶĨĂĐƚĞƵƌĚĞ͵Ǥ͹ͷ ؄ ʹଶ ůŽƌƐƋƵĞůĞƉĂƐ݄ĞƐƚĚŝǀŝƐĠƉĂƌϮ͕ĐĞƋƵŝĐŽŶĨŝƌŵĞƋƵĞůĂŵĠƚŚŽĚĞ
Ě͛ƵůĞƌͲĂƵĐŚLJĞƐƚĚ͛ŽƌĚƌĞϮ͘

džĞƌĐŝĐĞϯ͗
‫ ݕ‬ᇱ ൌ െ‫ ݕ‬൅ ‫ ݔ‬൅ ͳ
൜
‫ݕ‬ሺͲሻ ൌ ͳ
ϭ͘ ĂůĐƵůĚĞů͛ĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞ࢟ሺ૙Ǥ ૛ሻǣ
>͛ŝŶƚĞƌǀĂůůĞĚĞƚƌĂǀĂŝůĞƐƚሾͲǡ ͲǤʹሿ͘
>ĞƉĂƐ݄ĞƐƚ݄͗ ൌ ͲǤͳ͘
ĞƉůƵƐŽŶĂ݂͗ሺ‫ݔ‬ǡ ‫ݕ‬ሻ ൌ െ‫ ݕ‬൅ ‫ ݔ‬൅ ͳ͘
Ă͘ DĠƚŚŽĚĞĚ͛ƵůĞƌ
KŶƉĞƵƚĚŽŶĐƵƚŝůŝƐĞƌůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌ͗
‫ݕ‬ሺ‫ݔ‬௡ାଵ ሻ ؄ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ݄݂൫‫ݔ‬௡ ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ൯
Ğƚ ŽďƚĞŶŝƌ ƐƵĐĐĞƐƐŝǀĞŵĞŶƚ ĚĞƐ ĂƉƉƌŽdžŝŵĂƚŝŽŶƐ ĚĞ ‫ݕ‬ሺͲǤͳሻ Ğƚ ‫ݕ‬ሺͲǤʹሻ͘ >Ă ƉƌĞŵŝğƌĞ ŝƚĠƌĂƚŝŽŶ
ƉƌŽĚƵŝƚ͗
‫ݕ‬ሺͲǤͳሻ ؄ ‫ݕ‬ሺͲሻ ൅ ݄݂ሺͲǡ ͳሻ ൌ ͳ ൅ ͲǤͳሺെͳ ൅ Ͳ ൅ ͳሻ ൌ ͳ͘
ĞŵĂŶŝğƌĞƐŝŵŝůĂŝƌĞ͕ůĂĚĞƵdžŝğŵĞŝƚĠƌĂƚŝŽŶĚŽŶŶĞ͗

ϲϳ

‫ݕ‬ሺͲǤʹሻ ؄ ‫ݕ‬ሺͲǤͳሻ ൅ ݄݂ሺͲǤͳǡ ͳሻ ൌ ͳ ൅ ͲǤͳሺെͳ ൅ ͲǤͳ ൅ ͳሻ ൌ ͳǤͲͳ͘
ŽŶĐů͛ĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞ‫ݕ‬ሺͲǤʹሻĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌĞƐƚ‫ݕ‬ሺͲǤʹሻ ؄ ͳǤͲͳ͘
ď͘ DĠƚŚŽĚĞĚĞZƵŶŐĞͲ<ƵƚƚĂĚ͛ŽƌĚƌĞϰ
KŶƉĞƵƚĚŽŶĐƵƚŝůŝƐĞƌůĂŵĠƚŚŽĚĞĚĞZƵŶŐĞͲ<ƵƚƚĂĚ͛ŽƌĚƌĞϰ͗
݇ଵ ൌ ݄݂൫‫ݔ‬௡ ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ൯
݄ ݇ଵ
݇ଶ ൌ ݄݂ ൬‫ݔ‬௡ ൅ ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ൰
ʹ ʹ
݄ ݇ଶ
݇ଷ ൌ ݄݂ ൬‫ݔ‬௡ ൅ ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ൰
ʹ ʹ
݇ସ ൌ ݄݂ሺ‫ݔ‬௡ ൅ ݄ǡ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ݇ଷ ሻ
ͳ
‫ݕ‬ሺ‫ݔ‬௡ାଵ ሻ ؄ ‫ݕ‬ሺ‫ݔ‬௡ ሻ ൅ ሺ݇ଵ ൅ ʹ݇ଶ ൅ ʹ݇ଷ ൅ ݇ସ ሻ
͸
Ğƚ ŽďƚĞŶŝƌ ƐƵĐĐĞƐƐŝǀĞŵĞŶƚ ĚĞƐ ĂƉƉƌŽdžŝŵĂƚŝŽŶƐ ĚĞ ‫ݕ‬ሺͲǤͳሻ Ğƚ ‫ݕ‬ሺͲǤʹሻ͘ >Ă ƉƌĞŵŝğƌĞ ŝƚĠƌĂƚŝŽŶ
ƉƌŽĚƵŝƚ͗
݇ଵ ൌ ݄݂ሺͲǡͳሻ ൌ ͲǤͳሺെͳ ൅ Ͳ ൅ ͳሻ ൌ Ͳ
ͲǤͳ Ͳ
݇ଶ ൌ ݄݂ ൬Ͳ ൅ ǡͳ ൅ ൰ ൌ ͲǤͳ݂ሺͲǤͲͷǡͳሻ ൌ ͲǤͳሺെͳ ൅ ͲǤͲͷ ൅ ͳሻ ൌ ͲǤͲͲͷ
ʹ ʹ
ͲǤͳ ͲǤͲͲͷ
݇ଷ ൌ ݄݂ ൬Ͳ ൅ ǡͳ ൅ ൰ ൌ ͲǤͳ݂ሺͲǤͲͷǡͳǤͲͲʹͷሻ ൌ ͲǤͳሺെͳǤͲͲʹͷ ൅ ͲǤͲͷ ൅ ͳሻ
ʹ ʹ
ൌ ͲǤͲͲͶ͹ͷ

݇ସ ൌ ݄݂ሺͲ ൅ ͲǤͳǡͳ ൅ ͲǤͲͲͶ͹ͷሻ ൌ ͲǤͳ݂ሺͲǤͳǡͳǤͲͲͶ͹ͷሻ ൌ ͲǤͳሺെͳǤͲͲͶ͹ͷ ൅ ͲǤͳ ൅ ͳሻ

ൌ ͲǤͲͲͻͷʹͷ

ĐĞƋƵŝĞŶƚƌĂŝŶĞƋƵĞ͗
ͳ
‫ݕ‬ሺͲǤͳሻ ؄ ‫ݕ‬ሺͲሻ ൅ ሺ݇ଵ ൅ ʹ݇ଶ ൅ ʹ݇ଷ ൅ ݇ସ ሻ
͸
ͳ
ൌ ͳ ൅ ሺͲ ൅ ʹ ‫Ͳ כ‬ǤͲͲͷ ൅ ʹ ‫Ͳ כ‬ǤͲͲͶ͹ͷ ൅ ͲǤͲͲͻͷʹͷሻ ൌ ͳǤͲͲͶͺ͵͹ͷ
͸

ĞŵĂŶŝğƌĞƐŝŵŝůĂŝƌĞ͕ůĂĚĞƵdžŝğŵĞŝƚĠƌĂƚŝŽŶĚŽŶŶĞ͗
݇ଵ ൌ ݄݂ሺͲǤͳǡ ͳǤͲͲͶͺ͵͹ͷሻ ൌ ͲǤͳሺെͳǤͲͲͶͺ͵͹ͷ ൅ ͲǤͳ ൅ ͳሻ ൌ ͲǤͲͲͻͷͳ͸ʹͷ
ͲǤͳ ͲǤͲͲͻͷͳ͸ʹͷ
݇ଶ ൌ ݄݂ ൬ͲǤͳ ൅ ǡ ͳǤͲͲͶͺ͵͹ͷ ൅ ൰ ൌ ͲǤͳ݂ሺͲǤͳͷǡ ͳǤͲͲͻͷͻͷ͸ʹͷሻ
ʹ ʹ
ൌ ͲǤͳሺെͳǤͲͲͻͷͻͷ͸ʹͷ ൅ ͲǤͳͷ ൅ ͳሻ ൌ ͲǤͲͳͶͲͶͲͶ͵͹

ͲǤͳ ͲǤͲͳͶͲͶͲͶ͵͹
݇ଷ ൌ ݄݂ ൬ͲǤͳ ൅ ǡ ͳǤͲͲͶͺ͵͹ͷ ൅ ൰ ൌ ͲǤͳ݂ሺͲǤͳͷǡ ͳǤͲͳͳͺͷ͹͹ͳͺሻ
ʹ ʹ
ൌ ͲǤͳሺെͳǤͲͳͳͺͷ͹͹ͳͺ ൅ ͲǤͳͷ ൅ ͳሻ ൌ ͲǤͲͳ͵ͺͳͶʹʹͺ

ϲϴ

݇ସ ൌ ݄݂ሺͲǤͳ ൅ ͲǤͳǡ ͳǤͲͲͶͺ͵͹ͷ ൅ ͲǤͲͳ͵ͺͳͶʹʹͺሻ ൌ ͲǤͳ݂ሺͲǤʹǡ ͳǤͲͳͺ͸ͷͳ͹ʹͺሻ
ൌ ͲǤͳሺെͳǤͲͳͺ͸ͷͳ͹ʹͺ ൅ ͲǤʹ ൅ ͳሻ ൌ ͲǤͲͳͺͳ͵Ͷͺʹ͹

ĐĞƋƵŝĞŶƚƌĂŝŶĞƋƵĞ͗
ͳ
‫ݕ‬ሺͲǤʹሻ ؄ ‫ݕ‬ሺͲǤͳሻ ൅ ሺ݇ଵ ൅ ʹ݇ଶ ൅ ʹ݇ଷ ൅ ݇ସ ሻ
͸
ൌ ͳǤͲͲͶͺ͵͹ͷ
ͳ
൅ ሺͲǤͲͲͻͷͳ͸ʹͷ ൅ ʹ ‫Ͳ כ‬ǤͲͳͶͲͶͲͶ͵͹ ൅ ʹ ‫Ͳ כ‬ǤͲͳ͵ͺͳͶʹʹͺ ൅ ͲǤͲͳͺͳ͵Ͷͺʹ͹ሻ
͸
ൌ ͳǤͲͳͺ͹͵ͲͻͲͳ

ŽŶĐ ů͛ĂƉƉƌŽdžŝŵĂƚŝŽŶ ĚĞ ‫ݕ‬ሺͲǤʹሻ ĞŶ ƵƚŝůŝƐĂŶƚ ůĂ ŵĠƚŚŽĚĞ ĚĞ ZƵŶŐĞͲ<ƵƚƚĂ Ě͛ŽƌĚƌĞ ϰ ĞƐƚ
‫ݕ‬ሺͲǤʹሻ ؄ ͳǤͲͳͺ͹͵ͲͻͲͳ͘
Ϯ͘ ƌƌĞƵƌĐŽŵŵŝƐĞ
>ĂƐŽůƵƚŝŽŶĞdžĂĐƚĞĞƐƚ͗‫ݕ‬௘௫௔௖௧௘ ሺͲǤʹሻ ൌ ͳǤͲͳͺ͹͵Ͳ͹ͺͲ
Ă͘ ƌƌĞƵƌĐŽŵŵŝƐĞƉĂƌůĂŵĠƚŚŽĚĞĚ͛ƵůĞƌ͗
‫ܧ‬௘ ൌ ȁ‫ݕ‬௘௫௔௖௧௘ ሺͲǤʹሻ െ ‫ݕ‬ሺͲǤʹሻȁ ൌ ȁͳǤͲͳͺ͹͵Ͳ͹ͺͲ െ ͳǤͲͳȁ ൌ ͲǤͲͲͺ͹͵Ͳ͹ͺͲ
ൌ ͲǤͺ͹͵Ͳ͹ͺ ‫ିͲͳ כ‬ଶ 

ď͘ ƌƌĞƵƌĐŽŵŵŝƐĞƉĂƌůĂŵĠƚŚŽĚĞĚĞZƵŶŐĞͲ<ƵƚƚĂĚ͛ŽƌĚƌĞϰ͗
‫ܧ‬ோ௄ସ ൌ ȁ‫ݕ‬௘௫௔௖௧௘ ሺͲǤʹሻ െ ‫ݕ‬ሺͲǤʹሻȁ ൌ ȁͳǤͲͳͺ͹͵Ͳ͹ͺͲ െ ͳǤͲͳͺ͹͵ͲͻͲͳȁ ൌ ͲǤͲͲͲͲͲͲͳʹͳ
ൌ ͲǤͳʹͳ ‫ ଺ିͲͳ כ‬

/ů ĞƐƚ ĐůĂŝƌ ƋƵĞ ůĂ ŵĠƚŚŽĚĞ Ě͛ƵůĞƌ ĞƐƚ ƚƌğƐ ŝŵƉƌĠĐŝƐĞ ƉĂƌ ƌĂƉƉŽƌƚ ă ĐĞůůĞ ĚĞ ZƵŶŐĞͲ<ƵƚƚĂ
Ě͛ŽƌĚƌĞϰ͘/ůĞƐƚĚŽŶĐƉƌĠĨĠƌĂďůĞĚ͛ƵƚŝůŝƐĞƌĚĞƐŵĠƚŚŽĚĞƐĚ͛ŽƌĚƌĞĂƵƐƐŝĠůĞǀĠƋƵĞƉŽƐƐŝďůĞ͘
 

ϲϵ

 dŶΣϲ
džĞƌĐŝĐĞϭ͗
^ŽŝƚůĞƐƚƌŽŝƐƉŽŝŶƚƐሺͲǡ ͳሻ͕ሺͳǡ ͲǤͷሻĞƚሺ͵ǡ ͲǤʹͷሻĚĞůĂĨŽŶĐƚŝŽŶ݂ሺ‫ݔ‬ሻ͘

ϭ͘ KďƚĞŶŝƌůĞƉŽůLJŶƀŵĞĚĞ>ĂŐƌĂŶŐĞƉĂƐƐĂŶƚƉĂƌĐĞƐƉŽŝŶƚƐ͘
Ϯ͘ KďƚĞŶŝƌƵŶĞĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞ݂ሺͳǤͷሻ͘
ϯ͘ ŽŶŶĂŝƐƐĂŶƚ ƋƵĞ ݂ሺ‫ݔ‬ሻ ൌ ͳΤሺ‫ ݔ‬൅ ͳሻ͕ ĐĂůĐƵůĞƌ ů͛ĞƌƌĞƵƌ ŵĂdžŝŵĂůĞ ĐŽŵŵŝƐĞ ĞŶ
ĂƉƉƌŽdžŝŵĂŶƚ݂ሺ‫ݔ‬ሻƉĂƌܲሺ‫ݔ‬ሻƉƵŝƐůĂĐŽŵƉĂƌĞƌĂǀĞĐů͛ĞƌƌĞƵƌĞdžĂĐƚĞ͘

džĞƌĐŝĐĞϮ͗
^ŽŝƚůĞƐƉŽůLJŶƀŵĞƐܲሺ‫ݔ‬ሻĞƚܳሺ‫ݔ‬ሻĚĠĨŝŶŝƐĐŽŵŵĞƐƵŝƚ͗
‫ݔ‬ Ϭ ϭ Ϯ
ܲሺ‫ݔ‬ሻ Ͳϲ ϯ Ϯϭ
ܳሺ‫ݔ‬ሻ ϭϬ ϭϱ ϰϬ

dƌŽƵǀĞƌůĞƵƌƐƉŽŝŶƚƐĚ͛ŝŶƚĞƌƐĞĐƚŝŽŶĞŶƵƚŝůŝƐĂŶƚůĂŵĠƚŚŽĚĞĚ͛ŝŶƚĞƌƉŽůĂƚŝŽŶĚĞ>ĂŐƌĂŶŐĞ͘

džĞƌĐŝĐĞϯ͗
KďƚĞŶŝƌƵŶĞĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞ݂ሺͶǤͷሻĞŶƵƚŝůŝƐĂŶƚůĞƉŽůLJŶƀŵĞĚĞEĞǁƚŽŶĚĞĚĞŐƌĠϮĂŝŶƐŝ
ƋƵĞůĞƐĚŽŶŶĠĞƐƐƵŝǀĂŶƚĞƐ͗
&ŽŶĐƚŝŽŶƚĂďƵůĠĞ
‫ݔ‬ ϭ͘Ϭ ϯ͘Ϭ ϱ͘Ϭ ϳ͘Ϭ
݂ሺ‫ݔ‬ሻ Ϭ͘ϬϬϬϬ ϭ͘ϮϱϮϴ ϭ͘ϲϬϵϰ ϭ͘ϵϰϱϵ

džĞƌĐŝĐĞϰ͗
ϭ͘ Ŷ ƵƚŝůŝƐĂŶƚ ůĂ ŵĠƚŚŽĚĞ Ě͛ŝŶƚĞƌƉŽůĂƚŝŽŶ ĚĞ EĞǁƚŽŶ͕ ĐĂůĐƵůĞƌ ƵŶĞ ĂƉƉƌŽdžŝŵĂƚŝŽŶ ĚĞ
ξͳǤ͸͘WƌĞŶĚƌĞ‫ݔ‬଴ ൌ ͳǡ ‫ݔ‬ଵ ൌ ʹĞƚ‫ݔ‬ଶ ൌ ͵͘
Ϯ͘ ĂůĐƵůĞƌů͛ĞƌƌĞƵƌĐŽŵŵŝƐĞ͘

džĞƌĐŝĐĞϱ;ƐƵƉƉůĠŵĞŶƚĂŝƌĞͿ͗
ĠƚĞƌŵŝŶĞƌůĞƉŽůLJŶƀŵĞĚ͛ŝŶƚĞƌƉŽůĂƚŝŽŶĚĞ>ĂŐƌĂŶŐĞĚĞůĂĨŽŶĐƚŝŽŶ݂ሺ‫ݔ‬ሻ ൌ ȁ‫ݔ‬ȁƉĂƐƐĂŶƚƉĂƌ
ůĞƐƉŽŝŶƚƐĚ͛ĂďƐĐŝƐƐĞƐͲϭ͕ͲϬ͘ϱ͕Ϭ͕Ϭ͘ϱĞƚϭ͘


 

ϳϬ

 ^ŽůƵƚŝŽŶĚƵdŶΣϲ

džĞƌĐŝĐĞϭ͗

‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ͳ ‫ݔ‬ଶ ൌ ͵

݂ሺ‫ݔ‬௜ ሻ ൌ ‫ݕ‬௜  ‫ݕ‬଴ ൌ ͳ ‫ݕ‬ଵ ൌ ͲǤͷ ‫ݕ‬ଶ ൌ ͲǤʹͷ

ϭ͘ WŽůLJŶƀŵĞĚĞ>ĂŐƌĂŶŐĞƉĂƐƐĂŶƚƉĂƌůĞƐϯƉŽŝŶƚƐ͗
KŶĂϯƉŽŝŶƚĚŽŶĐůĞĚĞŐƌĠĚƵƉŽůLJŶƀŵĞĞƐƚ݊ ൑ ʹ͘
ଶ
‫ܮ‬௄ ሺ‫ݔ‬ሻ ‫ܮ‬଴ ሺ‫ݔ‬ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ሻ
ܲଶ ሺ‫ݔ‬ሻ ൌ ෍ ‫ݕ‬௄ ൌ ‫ݕ‬଴ ൅ ‫ݕ‬ଵ ൅ ‫ ݕ‬
‫ܮ‬௄ ሺ‫ݔ‬௄ ሻ ‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ଶ
௄ୀ଴

WŽƵƌ‫ ܭ‬ൌ Ͳ͗

‫ܮ‬଴ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ͵ሻ ͳ
ൌ ൌ ൌ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ͵ሻ
‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ሺ‫ݔ‬଴ െ ‫ݔ‬ଵ ሻሺ‫ݔ‬଴ െ ‫ݔ‬ଶ ሻ ሺͲ െ ͳሻሺͲ െ ͵ሻ ͵
WŽƵƌ‫ ܭ‬ൌ ͳ͗
‫ܮ‬ଵ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻ ሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͵ሻ ͳ
ൌ ൌ ൌ െ ‫ݔ‬ሺ‫ ݔ‬െ ͵ሻ
‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ሺ‫ݔ‬ଵ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଵ െ ‫ݔ‬ଶ ሻ ሺͳ െ Ͳሻሺͳ െ ͵ሻ ʹ
WŽƵƌ‫ ܭ‬ൌ ʹ͗
‫ܮ‬ଶ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻ ሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͳሻ ͳ
ൌ ൌ ൌ ‫ݔ‬ሺ‫ ݔ‬െ ͳሻ
‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ሺ‫ݔ‬ଶ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଶ െ ‫ݔ‬ଵ ሻ ሺ͵ െ Ͳሻሺ͵ െ ͳሻ ͸
ŽŶĐ͕
ͳ ͳ ͳ
ܲଶ ሺ‫ݔ‬ሻ ൌ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ͵ሻሺͳሻ െ ‫ݔ‬ሺ‫ ݔ‬െ ͵ሻሺͲǤͷሻ ൅ ‫ݔ‬ሺ‫ ݔ‬െ ͳሻሺͲǤʹͷሻ
͵ ʹ ͸
ܲଶ ሺ‫ݔ‬ሻ ൌ ͲǤͳʹͷ‫ ݔ‬ଶ െ ͲǤ͸ʹͷ‫ ݔ‬൅ ͳ
Ϯ͘ ƉƉƌŽdžŝŵĂƚŝŽŶĚĞ;ϭ͘ϱͿ͗
ŶƵƚŝůŝƐĂŶƚůĞƉŽůLJŶƀŵĞĚĞ>ĂŐƌĂŶŐĞܲଶ ሺ‫ݔ‬ሻ͕ŽŶƚƌŽƵǀĞ͗
‫ݕ‬ሺ‫ݔ‬ሻ ൌ ܲଶ ሺͳǤͷሻ ൌ ͲǤͳʹͷሺͳǤͷሻଶ െ ͲǤ͸ʹͷሺͳǤͷሻ ൅ ͳ
֜ ‫ݕ‬ሺͳǤͷሻ ؄ ͲǤ͵ͶͶ
ϯ͘ ĂůĐƵůĚĞů͛ĞƌƌĞƵƌŵĂdžŝŵĂůĞ͗
ȁ݂ሺ‫ݔ‬ሻ െ ܲଶ ሺ‫ݔ‬ሻȁ ൑ ‫ܧ‬ெ௔௫ ሺ‫ݔ‬ሻ
ǀĞĐ͗
ଶ
‫ܯ‬
‫ܧ‬ெ௔௫ ሺ‫ݔ‬ሻ ൌ ෑȁ‫ ݔ‬െ ‫ݔ‬௜ ȁ
ሺ݊ ൅ ͳሻǨ
௜ୀ଴

Kƶ͗‫ ܯ‬ൌ ‫ݔܽܯ‬൛ห݂ ሺଷሻ ሺߦሻหൟǡߦ ‫ א‬ሾͲǡ͵ሿ

ϳϭ

 ͳ
݂ሺ‫ݔ‬ሻ ൌ 
‫ݔ‬൅ͳ
ͳ ʹ ͸
݂ ᇱ ሺ‫ݔ‬ሻ ൌ െ ǡ ݂ ᇱᇱ ሺ‫ݔ‬ሻ ൌ ǡ ݂ ᇱᇱᇱ ሺ‫ݔ‬ሻ ൌ െ 
ሺ‫ ݔ‬൅ ͳሻଶ ሺ‫ ݔ‬൅ ͳሻଷ ሺ‫ ݔ‬൅ ͳሻସ
͸ ͸
‫ ܯ‬ൌ ‫ ݔܽܯ‬൜ฬെ ฬൠ ൌ ‫ ݔܽܯ‬൜ ൠǡ ߦ ‫ א‬ሾͲǡ͵ሿ
ሺߦ ൅ ͳሻ ସ ሺߦ ൅ ͳሻସ
‫ݔ׊‬ଵ ‫ א‬ሾͲǡ͵ሿǡ ‫ݔ׊‬ଶ ‫ א‬ሾͲǡ͵ሿǡ
ͳ
‫ݔ‬ଵ ൏ ‫ݔ‬ଶ ֜ ‫ݔ‬ଵ ൅ ͳ ൏ ‫ݔ‬ଶ ൅ ͳ ֜ ሺ‫ݔ‬ଵ ൅ ͳሻସ ൏ ሺ‫ݔ‬ଶ ൅ ͳሻସ ֜
ሺ‫ݔ‬ଵ ൅ ͳሻସ
ͳ ͸ ͸
൐ ֜ ൐ ֜ ȁ݂ԢԢԢሺ‫ݔ‬ଵ ሻȁ ൐ ȁ݂ԢԢԢሺ‫ݔ‬ଶ ሻȁ ֜ ȁ݂ԢԢԢሺ‫ݔ‬ሻȁ բ
ሺ‫ݔ‬ଶ ൅ ͳሻସ ሺ‫ݔ‬ଵ ൅ ͳሻସ ሺ‫ݔ‬ଶ ൅ ͳሻସ

֜ůĞ‫ݔܽܯ‬ĞƐƚŽďƚĞŶƵƉŽƵƌ‫ ݔ‬ൌ Ͳ͕ŽŶĐ

͸
‫ܯ‬ൌ ൌ ͸
ሺͲ ൅ ͳሻସ
͸
‫ܧ‬ெ௔௫ ሺ‫ݔ‬ሻ ൌ ȁ‫ݔ‬ȁȁ‫ ݔ‬െ ͳȁȁ‫ ݔ‬െ ͵ȁ‫ א ݔ‬ሾͲǡ͵ሿ
͵‫ʹכ‬
WŽƵƌ‫ ݔ‬ൌ ͳǤͷǡ‫ܧ‬ெ௔௫ ሺͳǤͷሻ ൌ ȁͳǤͷȁȁͳǤͷ െ ͳȁȁͳǤͷ െ ͵ȁ
‫ܧ‬ெ௔௫ ሺͳǤͷሻ ൌ ͳǤͳʹͷ
‫ܧ‬௘௫௔௖௧௘ ൌ ȁ݂ሺͳǤͷሻ െ ܲଶ ሺͳǤͷሻȁ ൌ ȁͲǤͶ െ ͲǤ͵ͶͶȁ
‫ܧ‬௘௫௔௖௧௘ ൌ ͲǤͲͷ͸
ŽŵƉĂƌĂŝƐŽŶ͗
KŶĐŽŶƐƚĂƚĞƋƵĞ‫ܧ‬௘௫௔௖௧௘ ൏ ‫ܧ‬ெ௔௫ ͘

džĞƌĐŝĐĞϮ͗
WŽůLJŶƀŵĞĚĞ>ĂŐƌĂŶŐĞ
Ă͘ ࡼሺ࢞ሻ

‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ͳ ‫ݔ‬ଶ ൌ ʹ

ܲሺ‫ݔ‬௜ ሻ ൌ ‫ݕ‬௜  ‫ݕ‬଴ ൌ െ͸ ‫ݕ‬ଵ ൌ ͵ ‫ݕ‬ଶ ൌ ʹͳ

KŶĂϯƉŽŝŶƚĚŽŶĐůĞĚĞŐƌĠĚƵƉŽůLJŶƀŵĞĞƐƚ݊ ൑ ʹ͘
ଶ
‫ܮ‬௄ ሺ‫ݔ‬ሻ ‫ܮ‬଴ ሺ‫ݔ‬ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ሻ
ܲଶ ሺ‫ݔ‬ሻ ൌ ෍ ‫ݕ‬௄ ൌ ‫ݕ‬଴ ൅ ‫ݕ‬ଵ ൅ ‫ ݕ‬
‫ܮ‬௄ ሺ‫ݔ‬௄ ሻ ‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ଶ
௄ୀ଴

WŽƵƌ‫ ܭ‬ൌ Ͳ͗

ϳϮ

 ‫ܮ‬଴ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻ ͳ
ൌ ൌ ൌ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻ
‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ሺ‫ݔ‬଴ െ ‫ݔ‬ଵ ሻሺ‫ݔ‬଴ െ ‫ݔ‬ଶ ሻ ሺͲ െ ͳሻሺͲ െ ʹሻ ʹ
WŽƵƌ‫ ܭ‬ൌ ͳ͗
‫ܮ‬ଵ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻ ሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ʹሻ
ൌ ൌ ൌ െ‫ݔ‬ሺ‫ ݔ‬െ ʹሻ
‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ሺ‫ݔ‬ଵ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଵ െ ‫ݔ‬ଶ ሻ ሺͳ െ Ͳሻሺͳ െ ʹሻ
WŽƵƌ‫ ܭ‬ൌ ʹ͗
‫ܮ‬ଶ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻ ሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͳሻ ͳ
ൌ ൌ ൌ ‫ݔ‬ሺ‫ ݔ‬െ ͳሻ
‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ሺ‫ݔ‬ଶ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଶ െ ‫ݔ‬ଵ ሻ ሺʹ െ Ͳሻሺʹ െ ͳሻ ʹ
ŽŶĐ͕
ͳ ͳ
ܲଶ ሺ‫ݔ‬ሻ ൌ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻሺെ͸ሻ െ ‫ݔ‬ሺ‫ ݔ‬െ ʹሻሺ͵ሻ ൅ ‫ݔ‬ሺ‫ ݔ‬െ ͳሻሺʹͳሻ
ʹ ʹ
ͻ ͻ
ܲଶ ሺ‫ݔ‬ሻ ൌ ‫ ݔ‬ଶ ൅ ‫ ݔ‬െ ͸
ʹ ʹ
ď͘ ࡽሺ࢞ሻ

‫ݔ‬௜  ‫ݔ‬଴ ൌ Ͳ ‫ݔ‬ଵ ൌ ͳ ‫ݔ‬ଶ ൌ ʹ

ܳሺ‫ݔ‬௜ ሻ ൌ ‫ݕ‬௜  ‫ݕ‬଴ ൌ ͳͲ ‫ݕ‬ଵ ൌ ͳͷ ‫ݕ‬ଶ ൌ ͶͲ

KŶĂϯƉŽŝŶƚĚŽŶĐůĞĚĞŐƌĠĚƵƉŽůLJŶƀŵĞĞƐƚ݊ ൑ ʹ͘
ଶ
‫ܮ‬௄ ሺ‫ݔ‬ሻ ‫ܮ‬଴ ሺ‫ݔ‬ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ሻ
ܳଶ ሺ‫ݔ‬ሻ ൌ ෍ ‫ݕ‬௄ ൌ ‫ݕ‬଴ ൅ ‫ݕ‬ଵ ൅ ‫ ݕ‬
‫ܮ‬௄ ሺ‫ݔ‬௄ ሻ ‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ଶ
௄ୀ଴

WŽƵƌ‫ ܭ‬ൌ Ͳ͗

‫ܮ‬଴ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻ ͳ
ൌ ൌ ൌ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻ
‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ሺ‫ݔ‬଴ െ ‫ݔ‬ଵ ሻሺ‫ݔ‬଴ െ ‫ݔ‬ଶ ሻ ሺͲ െ ͳሻሺͲ െ ʹሻ ʹ
WŽƵƌ‫ ܭ‬ൌ ͳ͗
‫ܮ‬ଵ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻ ሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ʹሻ
ൌ ൌ ൌ െ‫ݔ‬ሺ‫ ݔ‬െ ʹሻ
‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ሺ‫ݔ‬ଵ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଵ െ ‫ݔ‬ଶ ሻ ሺͳ െ Ͳሻሺͳ െ ʹሻ
WŽƵƌ‫ ܭ‬ൌ ʹ͗
‫ܮ‬ଶ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻ ሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͳሻ ͳ
ൌ ൌ ൌ ‫ݔ‬ሺ‫ ݔ‬െ ͳሻ
‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ሺ‫ݔ‬ଶ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଶ െ ‫ݔ‬ଵ ሻ ሺʹ െ Ͳሻሺʹ െ ͳሻ ʹ
ŽŶĐ͕
ͳ ͳ
ܳଶ ሺ‫ݔ‬ሻ ൌ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻሺͳͲሻ െ ‫ݔ‬ሺ‫ ݔ‬െ ʹሻሺͳͷሻ ൅ ‫ݔ‬ሺ‫ ݔ‬െ ͳሻሺͶͲሻ
ʹ ʹ
ܳଶ ሺ‫ݔ‬ሻ ൌ ͳͲ‫ ݔ‬ଶ െ ͷ‫ ݔ‬൅ ͳͲ

ϳϯ

>ĞƐƉŽŝŶƚƐĚ͛ŝŶƚĞƌƐĞĐƚŝŽŶ
ƵdžƉŽŝŶƚƐĚ͛ŝŶƚĞƌƐĞĐƚŝŽŶܲଶ ሺ‫ݔ‬ሻ ൌ ܳଶ ሺ‫ݔ‬ሻ
ͻ ଶ ͻ
‫ ݔ‬൅ ‫ ݔ‬െ ͸ ൌ ͳͲ‫ ݔ‬ଶ െ ͷ‫ ݔ‬൅ ͳͲ
ʹ ʹ
ͳͳ ଶ ͳͻ
‫ ݔ‬െ ‫ ݔ‬൅ ͳ͸ ൌ Ͳ ฺ ͳͳ‫ ݔ‬ଶ െ ͳͻ‫ ݔ‬൅ ͵ʹ ൌ Ͳ
ʹ ʹ
ȟ ൌ െͳͲͶ͹ ൏ ͲĚŽŶĐŽŶĂĂƵĐƵŶƉŽŝŶƚĚ͛ŝŶƚĞƌƐĞĐƚŝŽŶ͘

džĞƌĐŝĐĞϯ͗
ƉƉƌŽdžŝŵĂƚŝŽŶĚĞࢌሺ૝Ǥ ૞ሻ͗
WƵŝƐƋƵĞůĞƉŽůLJŶƀŵĞĞƐƚĚĞĚĞŐƌĠϮ͕ŶŽƵƐĂǀŽŶƐďĞƐŽŝŶƵŶŝƋƵĞŵĞŶƚĚĞϯƉŽŝŶƚƐ͘KŶƉƌĞŶĚ
ĚĞƐƉŽŝŶƚƐĚŽŶƚůĞƐĂďƐĐŝƐƐĞƐƐŽŶƚƉƌŽĐŚĞƐĚĞϰ͘ϱ͘ĞƐƉŽŝŶƚƐƐŽŶƚƉƌĠƐĞŶƚĠƐĚĂŶƐůĞƚĂďůĞĂƵ
ƐƵŝǀĂŶƚ͗

‫ݔ‬௜  ‫ݔ‬଴ ൌ ͵ ‫ݔ‬ଵ ൌ ͷ ‫ݔ‬ଶ ൌ ͹

݂ሺ‫ݔ‬௜ ሻ ൌ ‫ݕ‬௜  ‫ݕ‬଴ ൌ ͳǤʹͷʹͺ ‫ݕ‬ଵ ൌ ͳǤ͸ͲͻͶ ‫ݕ‬ଶ ൌ ͳǤͻͶͷͻ

KŶĂϯƉŽŝŶƚƐĚŽŶĐůĞĚĞŐƌĠĚƵƉŽůLJŶƀŵĞĞƐƚ݊ ൌ ʹ͘>ĞƉŽůLJŶƀŵĞĚĞEĞǁƚŽŶƋƵŝƉĂƐƐĞƉĂƌ
ĐĞƐϯƉŽŝŶƚƐĞƐƚ͗
ο‫ݕ‬଴ οଶ ‫ݕ‬଴
ܲଶ ሺ‫ݔ‬ሻ ൌ ‫ݕ‬଴ ൅ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻ ൅ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻ
ͳǨ ݄ଵ ʹǨ ݄ଶ
Žƶ݄͗ ൌ ‫ݔ‬ଵ െ ‫ݔ‬଴ ൌ ‫ݔ‬ଶ െ ‫ݔ‬ଵ ൌ ʹ
‫ݔ‬଴ ൌ ͵ ‫ݕ‬଴ ൌ ͳǤʹͷʹͺ
ο‫ݕ‬଴ ൌ  ‫ݕ‬ଵ െ  ‫ݕ‬଴ ൌ ͲǤ͵ͷ͸͸
‫ݔ‬ଵ ൌ ͷ ‫ݕ‬ଵ ൌ ͳǤ͸ͲͻͶ οଶ ‫ݕ‬଴ ൌ  ο‫ݕ‬ଵ െ  ο‫ݕ‬଴ ൌ െͲǤͲʹͲͳ
ο‫ݕ‬ଵ ൌ  ‫ݕ‬ଶ െ ‫ݕ‬ଵ ൌ ͲǤ͵͵͸ͷ
‫ݔ‬ଶ ൌ ͹ ‫ݕ‬ଶ ൌ ͳǤͻͶͷͻ

ŽŶĐ͗
ͲǤ͵ͷ͸͸ െͲǤͲʹͲͳ
ܲଶ ሺ‫ݔ‬ሻ ൌ ͳǤʹͷʹͺ ൅ ሺ‫ ݔ‬െ ͵ሻ ൅ ሺ‫ ݔ‬െ ͵ሻሺ‫ ݔ‬െ ͷሻ
ʹ ʹǨ ʹଶ
ܲଶ ሺ‫ݔ‬ሻ ൌ ͳǤʹͷʹͺ ൅ ͲǤͳ͹ͺ͵ሺ‫ ݔ‬െ ͵ሻ െ ͲǤͲͲʹͷሺ‫ ݔ‬െ ͵ሻሺ‫ ݔ‬െ ͷሻ
>͛ĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞ݂ሺͶǤͷሻĞƐƚĚŽŶĐ͗
݂ሺͶǤͷሻ ؄ ܲଶ ሺͶǤͷሻ ൌ ͳǤʹͷʹͺ ൅ ͲǤͳ͹ͺ͵ሺͶǤͷ െ ͵ሻ െ ͲǤͲͲʹͷሺͶǤͷ െ ͵ሻሺͶǤͷ െ ͷሻ
ܲଶ ሺͶǤͷሻ ൌ ͳǤͷʹʹͳ͘




ϳϰ

džĞƌĐŝĐĞϰ͗
ϭ͘ ĂůĐƵůĚĞů͛ĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞξ૚Ǥ ૟

‫ݔ‬௜  ‫ݔ‬଴ ൌ ͳ ‫ݔ‬ଵ ൌ ʹ ‫ݔ‬ଶ ൌ ͵

݂ሺ‫ݔ‬௜ ሻ ൌ ‫ݕ‬௜  ‫ݕ‬଴ ൌ ͳ ‫ݕ‬ଵ ൌ ͳǤͶͳͶʹ ‫ݕ‬ଶ ൌ ͳǤ͹͵ʹͲ


>ĞƉŽůLJŶƀŵĞĚĞEĞǁƚŽŶƋƵŝƉĂƐƐĞƉĂƌĐĞƐϯƉŽŝŶƚƐĞƐƚ͗
ο‫ݕ‬଴ οଶ ‫ݕ‬଴
ܲଶ ሺ‫ݔ‬ሻ ൌ ‫ݕ‬଴ ൅ ሺ‫ݔ‬ െ ‫ݔ‬଴ ሻ ൅ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻ
ͳǨ ݄ଵ ʹǨ ݄ଶ
Žƶ݄ ൌ ‫ݔ‬ଵ െ ‫ݔ‬଴ ൌ ‫ݔ‬ଶ െ ‫ݔ‬ଵ ൌ ͳ

‫ݔ‬଴ ൌ ͳ ‫ݕ‬଴ ൌ ͳ
ο‫ݕ‬଴ ൌ  ‫ݕ‬ଵ െ  ‫ݕ‬଴ ൌ ͲǤͶͳͶʹ
‫ݔ‬ଵ ൌ ʹ ‫ݕ‬ଵ ൌ ͳǤͶͳͶʹ οଶ ‫ݕ‬଴ ൌ  ο‫ݕ‬ଵ െ  ο‫ݕ‬଴ ൌ െͲǤͲͻ͸Ͷ
ο‫ݕ‬ଵ ൌ  ‫ݕ‬ଶ െ ‫ݕ‬ଵ ൌ ͲǤ͵ͳ͹ͺ
‫ݔ‬ଶ ൌ ͵ ‫ݕ‬ଶ ൌ ͳǤ͹͵ʹͲ

ŽŶĐ͗
ͲǤͶͳͶʹ െͲǤͲͻ͸Ͷ
ܲଶ ሺ‫ݔ‬ሻ ൌ ͳ ൅ ሺ‫ݔ‬ െ ͳሻ ൅ ሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻ
ͳǨ ͳଵ ʹǨ ͳଶ
ܲଶ ሺ‫ݔ‬ሻ ൌ ͳ ൅ ͲǤͶͳͶʹሺ‫ ݔ‬െ ͳሻ െ ͲǤͲͶͺʹሺ‫ ݔ‬െ ͳሻሺ‫ ݔ‬െ ʹሻ

>͛ĂƉƉƌŽdžŝŵĂƚŝŽŶĚĞξͳǤ͸ĞƐƚĚŽŶĐ͗
ܲଶ ሺͳǤ͸ሻ ൌ ͳ ൅ ͲǤͶͳͶʹሺͳǤ͸ െ ͳሻ െ ͲǤͲͶͺʹሺͳǤ͸ െ ͳሻሺͳǤ͸ െ ʹሻ
ܲଶ ሺͳǤ͸ሻ ൌ ͳǤʹ͸Ͳͳ͘


Ϯ͘ >͛ĞƌƌĞƵƌĐŽŵŵŝƐĞ͗

>͛ĞƌƌĞƵƌĐŽŵŵŝƐĞĞŶĂƉƉƌŽdžŝŵĂŶƚξͳǤ͸ƉĂƌܲଶ ሺͳǤ͸ሻĞƐƚ͗

‫ܧ‬௘௫௔௖௧௘ ൌ ȁ݂ሺͳǤ͸ሻ െ ܲଶ ሺͳǤ͸ሻȁ ൌ หξͳǤ͸ െ ͳǤʹ͸Ͳͳห ൌ ͲǤͲͲͶͺ͘







ϳϱ

džĞƌĐŝĐĞϱ;ƐƵƉƉůĠŵĞŶƚĂŝƌĞͿ͗

‫ݔ‬௜  ‫ݔ‬଴ ൌ െͳ ‫ݔ‬ଵ ൌ െͲǤͷ ‫ݔ‬ଶ ൌ Ͳ ‫ݔ‬ଷ ൌ ͲǤͷ ‫ݔ‬ସ ൌ ͳ

݂ሺ‫ݔ‬௜ ሻ ൌ ‫ݕ‬௜  ‫ݕ‬଴ ൌ ͳ ‫ݕ‬ଵ ൌ ͲǤͷ ‫ݕ‬ଶ ൌ Ͳ ‫ݕ‬ଷ ൌ ͲǤͷ ‫ݕ‬ସ ൌ ͳ

ϭ͘ WŽůLJŶƀŵĞĚĞ>ĂŐƌĂŶŐĞĚĞůĂĨŽŶĐƚŝŽŶࢌሺ࢞ሻƉĂƐƐĂŶƚƉĂƌůĞƐƉŽŝŶƚƐĐŝͲĚĞƐƐƵƐ͗
KŶĂϱƉŽŝŶƚĚŽŶĐůĞĚĞŐƌĠĚƵƉŽůLJŶƀŵĞĞƐƚ݊ ൑ Ͷ͘
ସ
‫ܮ‬௄ ሺ‫ݔ‬ሻ ‫ܮ‬଴ ሺ‫ݔ‬ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ሻ ‫ܮ‬ଷ ሺ‫ݔ‬ሻ ‫ܮ‬ସ ሺ‫ݔ‬ሻ
ܲସ ሺ‫ݔ‬ሻ ൌ ෍ ‫ݕ‬௄ ൌ ‫ݕ‬଴ ൅ ‫ݕ‬ଵ ൅ ‫ݕ‬ଶ ൅ ‫ݕ‬ଷ ൅ ‫ݕ‬
‫ܮ‬௄ ሺ‫ݔ‬௄ ሻ ‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ‫ܮ‬ଷ ሺ‫ݔ‬ଷ ሻ ‫ܮ‬ସ ሺ‫ݔ‬ସ ሻ ସ
௄ୀ଴

WŽƵƌ‫ ܭ‬ൌ Ͳ͗

‫ܮ‬଴ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻሺ‫ ݔ‬െ ‫ݔ‬ଷ ሻሺ‫ ݔ‬െ ‫ݔ‬ସ ሻ
ൌ
‫ܮ‬଴ ሺ‫ݔ‬଴ ሻ ሺ‫ݔ‬଴ െ ‫ݔ‬ଵ ሻሺ‫ݔ‬଴ െ ‫ݔ‬ଶ ሻሺ‫ݔ‬଴ െ ‫ݔ‬ଷ ሻሺ‫ݔ‬଴ െ ‫ݔ‬ସ ሻ
ሺ‫ ݔ‬൅ ͲǤͷሻሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻ ʹ
ൌ ൌ ሺ‫ ݔ‬൅ ͲǤͷሻ‫ݔ‬ሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻ
ሺെͳ ൅ ͲǤͷሻሺെͳ െ Ͳሻሺെͳ െ ͲǤͷሻሺെͳ െ ͳሻ ͵

WŽƵƌ‫ ܭ‬ൌ ͳ͗

‫ܮ‬ଵ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻሺ‫ ݔ‬െ ‫ݔ‬ଷ ሻሺ‫ ݔ‬െ ‫ݔ‬ସ ሻ
ൌ
‫ܮ‬ଵ ሺ‫ݔ‬ଵ ሻ ሺ‫ݔ‬ଵ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଵ െ ‫ݔ‬ଶ ሻሺ‫ݔ‬ଵ െ ‫ݔ‬ଷ ሻሺ‫ݔ‬ଵ െ ‫ݔ‬ସ ሻ
ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻ
ൌ
ሺെͲǤͷ ൅ ͳሻሺͲǤͷ െ ͲሻሺെͲǤͷ െ ͲǤͷሻሺെͲǤͷ െ ͳሻ
ͺ
ൌ െ ሺ‫ ݔ‬൅ ͳሻ‫ݔ‬ሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻ
͵

WŽƵƌ‫ ܭ‬ൌ ʹ͗

‫ܮ‬ଶ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻሺ‫ ݔ‬െ ‫ݔ‬ଷ ሻሺ‫ ݔ‬െ ‫ݔ‬ସ ሻ ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻ
ൌ ൌ
‫ܮ‬ଶ ሺ‫ݔ‬ଶ ሻ ሺ‫ݔ‬ଶ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଶ െ ‫ݔ‬ଵ ሻሺ‫ݔ‬ଶ െ ‫ݔ‬ଷ ሻሺ‫ݔ‬ଶ െ ‫ݔ‬ସ ሻ ሺͲ ൅ ͳሻሺͲ ൅ ͲǤͷሻሺͲ െ ͲǤͷሻሺͲ െ ͳሻ
ൌ Ͷሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻ

WŽƵƌ‫ ܭ‬ൌ ͵͗

‫ܮ‬ଷ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻሺ‫ ݔ‬െ ‫ݔ‬ସ ሻ ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͳሻ
ൌ ൌ
‫ܮ‬ଷ ሺ‫ݔ‬ଷ ሻ ሺ‫ݔ‬ଷ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ଷ െ ‫ݔ‬ଵ ሻሺ‫ݔ‬ଷ െ ‫ݔ‬ଶ ሻሺ‫ݔ‬ଷ െ ‫ݔ‬ସ ሻ ሺͲǤͷ ൅ ͳሻሺͲǤͷ ൅ ͲǤͷሻሺͲǤͷ െ ͲሻሺͲǤͷ െ ͳሻ
ͺ
ൌ െ ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻ‫ݔ‬ሺ‫ ݔ‬െ ͳሻ
͵

WŽƵƌ‫ ܭ‬ൌ Ͷ͗

‫ܮ‬ସ ሺ‫ݔ‬ሻ ሺ‫ ݔ‬െ ‫ݔ‬଴ ሻሺ‫ ݔ‬െ ‫ݔ‬ଵ ሻሺ‫ ݔ‬െ ‫ݔ‬ଶ ሻሺ‫ ݔ‬െ ‫ݔ‬ଷ ሻ ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻሺ‫ ݔ‬െ Ͳሻሺ‫ ݔ‬െ ͲǤͷሻ
ൌ ൌ
‫ܮ‬ସ ሺ‫ݔ‬ସ ሻ ሺ‫ݔ‬ସ െ ‫ݔ‬଴ ሻሺ‫ݔ‬ସ െ ‫ݔ‬ଵ ሻሺ‫ݔ‬ସ െ ‫ݔ‬ଶ ሻሺ‫ݔ‬ସ െ ‫ݔ‬ଷ ሻ ሺͳ ൅ ͳሻሺͳ ൅ ͲǤͷሻሺͳ െ Ͳሻሺͳ െ ͲǤͷሻ
ʹ
ൌ ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻ‫ݔ‬ሺ‫ ݔ‬െ ͲǤͷሻ
͵

ϳϲ

ŽŶĐ͗
ଶ ଼
ܲସ ሺ‫ݔ‬ሻ ൌ ሺ‫ ݔ‬൅ ͲǤͷሻ‫ݔ‬ሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻሺͳሻ െ ሺ‫ ݔ‬൅ ͳሻ‫ݔ‬ሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻሺͲǤͷሻ ൅
ଷ ଷ
଼ ଶ
Ͷሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻሺ‫ ݔ‬െ ͲǤͷሻሺ‫ ݔ‬െ ͳሻሺͲሻ െ ଷ ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅ ͲǤͷሻ‫ݔ‬ሺ‫ ݔ‬െ ͳሻሺͲǤͷሻнଷ ሺ‫ ݔ‬൅ ͳሻሺ‫ ݔ‬൅
ͲǤͷሻ‫ݔ‬ሺ‫ ݔ‬െ ͲǤͷሻሺͳሻ
Ͷ ͹
ܲସ ሺ‫ݔ‬ሻ ൌ െ ‫ ݔ‬ସ ൅ ‫ ݔ‬ଶ Ǥ
͵ ͵


ϳϳ

 ŝďůŝŽŐƌĂƉŚŝĞ
ϭ͘ ŶĚƌĠ &KZd/E͕ ŶĂůLJƐĞ ŶƵŵĠƌŝƋƵĞ ƉŽƵƌ ŝŶŐĠŶŝĞƵƌƐ͕ YƵĂƚƌŝğŵĞ ĠĚŝƚŝŽŶ͕ WƌĞƐƐĞƐ
/ŶƚĞƌŶĂƚŝŽŶĂůĞƐWŽůLJƚĞĐŚŶŝƋƵĞ͕DŽŶƚƌĠĂů͕ϮϬϭϭ͘
Ϯ͘ :ĞĂŶͲWŚŝůŝƉƉĞ 'Z/sd͕ DĠƚŚŽĚĞƐ ŶƵŵĠƌŝƋƵĞƐ ĂƉƉůŝƋƵĠĞƐ ƉŽƵƌ ůĞ ƐĐŝĞŶƚŝĨŝƋƵĞ Ğƚ
ů͛ŝŶŐĠŶŝĞƵƌ͕W^ĐŝĞŶĐĞƐ͕>ĞƐhůŝƐ͕ϮϬϬϵ͘
ϯ͘ >ƵĐ :K>/sd͕ ZĂďĂŚ >^͕ ŶĂůLJƐĞ Ğƚ ĂŶĂůLJƐĞ ŶƵŵĠƌŝƋƵĞ ʹZĂƉƉĞů ĚĞ ĐŽƵƌƐ Ğƚ
ĞdžĞƌĐŝĐĞƐĐŽƌƌŝŐĠƐ͕,ĞƌŵĞƐ^ĐŝĞŶĐĞWƵďůŝĐĂƚŝŽŶƐ͕WĂƌŝƐ͕ϮϬϬϱ͘
ϰ͘ ůĨŝŽ YhZdZKE/͕ ZŝĐĐĂƌĚŽ ^K͕ &ĂƵƐƚŽ ^>Z/͕ DĠƚŚŽĚĞƐ ŶƵŵĠƌŝƋƵĞƐ ʹ
ůŐŽƌŝƚŚŵĞƐ͕ĂŶĂůLJƐĞĞƚĂƉƉůŝĐĂƚŝŽŶƐ͕^ƉƌŝŶŐĞƌͲsĞƌůĂŐ͕DŝůĂŶŽ͕ϮϬϬϰ͘
ϱ͘ :ĞĂŶͲWŝĞƌƌĞ EKh'/Z͕ DĠƚŚŽĚĞƐ ĚĞ ĐĂůĐƵů ŶƵŵĠƌŝƋƵĞ ʹ ϭ͘ ^LJƐƚğŵĞƐ Ě͛ĠƋƵĂƚŝŽŶƐ͕
,ĞƌŵĞƐ^ĐŝĞŶĐĞWƵďůŝĐĂƚŝŽŶƐ͕WĂƌŝƐ͕ϮϬϬϭ͘
ϲ͘ WĂƚƌŝĐŬ >^hy͕ ZĂLJŵŽŶĚ d,KKZ͕ ŶĂůLJƐĞ ŶƵŵĠƌŝƋƵĞ ŵĂƚƌŝĐŝĞůůĞ ĂƉƉůŝƋƵĠĞ ă
ů͛ĂƌƚĚĞů͛ŝŶŐĠŶŝĞƵƌʹϭ͘DĠƚŚŽĚĞƐĚŝƌĞĐƚĞƐ͕ƵŶŽĚ͕WĂƌŝƐ͕ϮϬϬϬ͘
ϳ͘ WĂƚƌŝĐŬ >^hy͕ ZĂLJŵŽŶĚ d,KKZ͕ ŶĂůLJƐĞ ŶƵŵĠƌŝƋƵĞ ŵĂƚƌŝĐŝĞůůĞ ĂƉƉůŝƋƵĠĞ ă
ů͛ĂƌƚĚĞů͛ŝŶŐĠŶŝĞƵƌʹϮ͘DĠƚŚŽĚĞƐŝƚĠƌĂƚŝǀĞƐ͕ƵŶŽĚ͕WĂƌŝƐ͕ϮϬϬϬ͘
ϴ͘ :ĞĂŶͲWŝĞƌƌĞ D/>>z͕ ŶĂůLJƐĞ ŶƵŵĠƌŝƋƵĞ Ğƚ ĠƋƵĂƚŝŽŶƐ ĚŝĨĨĠƌĞŶƚŝĞůůĞƐ͕ KĨĨŝĐĞ ĚĞƐ
WƵďůŝĐĂƚŝŽŶƐhŶŝǀĞƌƐŝƚĂŝƌĞƐ͕ůŐĞƌ͕ϭϵϵϰ͘
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ϭϵϵϬ͘

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