Microvariability in BL Lacertae : "zooming'' into the innermost blazar regions

In this work, we present the results of our multi-band microvariability study of the famous blazar BL Lac. We performed microvariablity observations of the source in the optical VRI bands for four nights in 2016. We studied the intranight flux and spectral variability of the source in detail with an objective to characterize microvariability in the blazars, a frequently observed phenomenon in blazars. The results show that the source often displays a fast flux variability with an amplitude as large as ~0.2 magnitude within a few hours, and that the color variability in the similar time scales can be characterized as “bluer-when-brighter” trend. We also observed markedly curved optical spectrum during one of the nights. Furthermore, the correlation between multi-band emission shows that in general the emission in all the bands are highly correlated; and in one of the nights V band emission was found to lead the I band emission by ~13 min. The search for characteristic timescale using z-transformed auto-correlation function and the structure function analyses reveals characteristic timescale of ~50 min in one of the R band observations. We try to explain the observed results in the context of the passage of shock waves through the relativistic outflows in blazars

Computer program determines exact two-sided tolerance limits for normal distributions

Computer program determines by numerical integration the exact statistical two-sided tolerance limits, when the proportion between the limits is at least a specified number. The program is limited to situations in which the underlying probability distribution for the population sampled is the normal distribution with unknown mean and variance

Pricing Interest-Rate Risk for Mortgage REITs

Using tax-qualified mortgage REITs over three periods (1976-79, 1980-82, and 1983-90), this paper investigates the pricing of interest-rate risk for mortgage REITs at equilibrium. A system of nonlinear equations is estimated to determine the monthly interest-rate risk premium over each of the three time intervals. There is evidence to support the hypothesis that interest-rate risk is not diversifiable and hence commands a risk premium.

Developments in the tools and methodologies of synthetic biology.

Synthetic biology is principally concerned with the rational design and engineering of biologically based parts, devices, or systems. However, biological systems are generally complex and unpredictable, and are therefore, intrinsically difficult to engineer. In order to address these fundamental challenges, synthetic biology is aiming to unify a body of knowledge from several foundational scientific fields, within the context of a set of engineering principles. This shift in perspective is enabling synthetic biologists to address complexity, such that robust biological systems can be designed, assembled, and tested as part of a biological design cycle. The design cycle takes a forward-design approach in which a biological system is specified, modeled, analyzed, assembled, and its functionality tested. At each stage of the design cycle, an expanding repertoire of tools is being developed. In this review, we highlight several of these tools in terms of their applications and benefits to the synthetic biology community

The Education of Real Estate Salespeople and the Value of the Firm

In order to protect the public, most states require salespeople and brokers to meet specific licensing requirements, typically in the form of classroom instruction and/or successful completion of an examination. Frequently, however, many real estate brokers require their sales staff to undertake education that exceeds these minimum requirements. In this study, we derive a theoretical model that shows how optimally-timed, firm provided education that exceeds legal minimums can increase staff productivity, reduce litigation risks and perhaps raise and/or maximize the expected value of the firm.

Making History: An Insider's View of the Founding and First-Ten-Year Accomplishments of the American Real Estate Society

This article presents an overview of the numerous innovations of the American Real Estate Society during its first ten years. Many of its accomplishments are unique for an academically based organization. Because of this, the definition of an academic/professional organization has been changed forever due to the synergistic effects of mixing practicing professionals and applied academicians.

First measurements of Collins and Sivers asymmetries at COMPASS

COMPASS is a fixed-target experiment on the SPS M2 beamline at CERN. Its LiD target can be polarised both longitudinally and transversally with respect to the longitudinally polarised 160 GeV/c muon beam. Approximately 20% of the beam-time in 2002, 2003 and 2004 was spent in the transverse configuration, allowing the first measurement of both the Collins and Sivers asymmetries on a deuterium target. First results from the the transverse data of the COMPASS run in 2002 are reported here.Comment: 4 pages, 1 figure, contribution to parallel session of BARYONS04, Oct 25-29 2004, Palaiseau, France Removed typo, corrected erroneous referenc

Intertemporal Changes in the Riskiness of REITs

This study investigates the variability in the risk components of REITs over the 1973-1989 period using the cusum test, the cusum of squares test, and the Quandt's log-likelihood ratio method. Four REIT portfolios were formed: an all-REIT portfolio, an equity REIT portfolio, a hybrid REIT portfolio, and a mortgage REIT portfolio. The two-index model was employed and the results indicated that both the market beta and the interest-rate beta of the portfolios were time-varying. In addition, significant shifts in return-generating regimes over time were detected for all four portfolios.