Problem 8046. Gold/Silver Standard

Created by goc3

Solve Later

{"relationships":[{"relationshipType":"http://schemas.mathworks.com/matlab/code/2013/relationships/document","targetMode":"","relationshipId":"rId1","target":"/matlab/document.xml"},{"relationshipType":"http://schemas.mathworks.com/matlab/code/2013/relationships/output","targetMode":"","relationshipId":"rId2","target":"/matlab/output.xml"}],"parts":[{"partUri":"/matlab/document.xml","relationship":[],"contentType":"application/vnd.mathworks.matlab.code.document+xml","content":"<?xml version=\"1.0\" encoding=\"UTF-8\"?>\n<w:document xmlns:w=\"http://schemas.openxmlformats.org/wordprocessingml/2006/main\"><w:body><w:p><w:pPr><w:pStyle w:val=\"text\"/></w:pPr><w:r><w:t>Pursuant to the</w:t></w:r><w:r><w:t> </w:t></w:r><w:hyperlink w:docLocation=\"http://www.mathworks.com/matlabcentral/cody/problems/8045-gold-standard\"><w:r><w:t>Gold Standard</w:t></w:r></w:hyperlink><w:r><w:t> problem, suppose that you have data for silver rather than gold to make an assessment regarding historical currency values. Historical data for the silver-to-gold ratio is also available from</w:t></w:r><w:r><w:t> </w:t></w:r><w:hyperlink w:docLocation=\"http://measuringworth.com/gold/\"><w:r><w:t>Measuring Worth</w:t></w:r></w:hyperlink><w:r><w:t>.</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"text\"/></w:pPr><w:r><w:t>For this problem, you will be provided with a historical year (HY) and a historical value (HV) in dollars. The function template includes data from the previously mentioned site for the value (in dollars) of an ounce of gold (GV), in addition to the silver-to-gold ratio, from 1791 to 2014. Write a function to determine the current value (CV) in dollars assuming that the gold standard must be converted to the silver standard to accurately convert between years. Round the result to two decimal places. If HY is outside of the historical data range, return NaN.</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"text\"/></w:pPr><w:r><w:t>As an example, with HY = 2000 and HV = 1000:</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"ListParagraph\"/><w:numPr><w:numId w:val=\"1\"/></w:numPr></w:pPr><w:r><w:t>GV(HY=2000) = $280.10</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"ListParagraph\"/><w:numPr><w:numId w:val=\"1\"/></w:numPr></w:pPr><w:r><w:t>N = 1000/280.10 = 3.57 (ounces of gold)</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"ListParagraph\"/><w:numPr><w:numId w:val=\"1\"/></w:numPr></w:pPr><w:r><w:t>SR(HY=2000) = 55.96</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"ListParagraph\"/><w:numPr><w:numId w:val=\"1\"/></w:numPr></w:pPr><w:r><w:t>NS = 55.96*3.57 = 199.79 (ounces of silver)</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"ListParagraph\"/><w:numPr><w:numId w:val=\"1\"/></w:numPr></w:pPr><w:r><w:t>NG = 199.79/66.38 = 3.01 (current ounces of gold) [SR(2014) = 66.38]</w:t></w:r></w:p><w:p><w:pPr><w:pStyle w:val=\"ListParagraph\"/><w:numPr><w:numId w:val=\"1\"/></w:numPr></w:pPr><w:r><w:t>CV = 3.01*1270 (current $/ounce of gold) = $3822.36.</w:t></w:r></w:p></w:body></w:document>"},{"partUri":"/matlab/output.xml","contentType":"text/xml","content":"<?xml version=\"1.0\" encoding=\"UTF-8\" standalone=\"no\" ?><embeddedOutputs><metaData><evaluationState>manual</evaluationState><layoutState>code</layoutState><outputStatus>ready</outputStatus></metaData><outputArray type=\"array\"/><regionArray type=\"array\"/></embeddedOutputs>"}]}

Pursuant to the <a href = "http://www.mathworks.com/matlabcentral/cody/problems/8045-gold-standard">Gold Standard</a> problem, suppose that you have data for silver rather than gold to make an assessment regarding historical currency values. Historical data for the silver-to-gold ratio is also available from <a href = "http://measuringworth.com/gold/">Measuring Worth</a>.For this problem, you will be provided with a historical year (HY) and a historical value (HV) in dollars. The function template includes data from the previously mentioned site for the value (in dollars) of an ounce of gold (GV), in addition to the silver-to-gold ratio, from 1791 to 2014. Write a function to determine the current value (CV) in dollars assuming that the gold standard must be converted to the silver standard to accurately convert between years. Round the result to two decimal places. If HY is outside of the historical data range, return NaN.As an example, with HY = 2000 and HV = 1000:<ul><li>GV(HY=2000) = $280.10</li><li>N = 1000/280.10 = 3.57 (ounces of gold)</li><li>SR(HY=2000) = 55.96</li><li>NS = 55.96*3.57 = 199.79 (ounces of silver)</li><li>NG = 199.79/66.38 = 3.01 (current ounces of gold) [SR(2014) = 66.38]</li><li>CV = 3.01*1270 (current $/ounce of gold) = $3822.36.</li></ul>

Pursuant to the <http://www.mathworks.com/matlabcentral/cody/problems/8045-gold-standard Gold Standard> problem, suppose that you have data for silver rather than gold to make an assessment regarding historical currency values. Historical data for the silver-to-gold ratio is also available from <http://measuringworth.com/gold/ Measuring Worth>.

For this problem, you will be provided with a historical year (HY) and a historical value (HV) in dollars. The function template includes data from the previously mentioned site for the value (in dollars) of an ounce of gold (GV), in addition to the silver-to-gold ratio, from 1791 to 2014. Write a function to determine the current value (CV) in dollars assuming that the gold standard must be converted to the silver standard to accurately convert between years. Round the result to two decimal places. If HY is outside of the historical data range, return NaN.

As an example, with HY = 2000 and HV = 1000:

* GV(HY=2000) = $280.10
* N = 1000/280.10 = 3.57 (ounces of gold)
* SR(HY=2000) = 55.96
* NS = 55.96*3.57 = 199.79 (ounces of silver)
* NG = 199.79/66.38 = 3.01 (current ounces of gold) [SR(2014) = 66.38]
* CV = 3.01*1270 (current $/ounce of gold) = $3822.36.

Solve

Solution Stats

53 Solutions
37 Solvers

Last Solution submitted on Mar 22, 2023

Last 200 Solutions

Problem Comments

Problem Recent Solvers37

Problem Tags

Community Treasure Hunt

Find the treasures in MATLAB Central and discover how the community can help you!

Start Hunting!

Problem 8046. Gold/Silver Standard

Solution Stats

Last 200 Solutions

Problem Comments

Problem Recent Solvers37

Suggested Problems

More from this Author139

Problem Tags

Community Treasure Hunt

Problem 8046. Gold/Silver Standard

Solution Stats

Last 200 Solutions

Problem Comments

Problem Recent Solvers37

Suggested Problems

More from this Author139

Problem Tags

Community Treasure Hunt

Players