Intro to Mathematical Economics

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Rank Theorem

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Intro to Mathematical Economics

Definition

The Rank Theorem states that the rank of a matrix, which is the maximum number of linearly independent column vectors, provides important information about the solutions to a system of linear equations. This theorem connects the rank of a matrix to its nullity, revealing the relationship between the number of solutions and the properties of the matrix, such as whether the system is consistent or has infinitely many solutions.

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5 Must Know Facts For Your Next Test

  1. The Rank Theorem helps determine if a system of linear equations has no solution, one unique solution, or infinitely many solutions based on the rank and nullity.
  2. A matrix has full rank if its rank is equal to the smaller of the number of its rows or columns, indicating that all its columns are linearly independent.
  3. If the rank of the coefficient matrix equals the rank of the augmented matrix, the system is consistent, meaning it has at least one solution.
  4. The nullity of a matrix, which is calculated as the difference between the number of columns and its rank, indicates how many free variables exist in the system.
  5. In practical terms, understanding the rank can simplify solving linear equations by determining how many parameters will define solutions.

Review Questions

  • How does the Rank Theorem relate to determining the solutions of a system of linear equations?
    • The Rank Theorem directly connects the rank of a matrix to the nature of solutions for a system of linear equations. By comparing the rank of the coefficient matrix with the rank of the augmented matrix, we can assess whether there are no solutions, exactly one solution, or infinitely many solutions. If both ranks are equal and correspond to the number of variables, then there is a unique solution; otherwise, there may be infinitely many or none at all.
  • Discuss how knowing the rank and nullity can help in analyzing systems represented by matrices.
    • Knowing both rank and nullity provides essential insights into a matrix's structure and solution set. The rank reveals how many variables are constrained by equations (linearly independent columns), while nullity indicates how many free variables exist. This analysis helps us understand whether we have unique solutions or multiple parameters defining our solutions in systems represented by matrices.
  • Evaluate a system's characteristics given specific ranks and how this impacts its solvability.
    • When evaluating a system where the coefficient matrix has a rank of 2 and an augmented matrix has a rank of 3, we find that this system is inconsistent with no possible solutions. Conversely, if both matrices have a rank of 2 in a 3-variable system, it implies that there are infinitely many solutions defined by one free variable. Understanding these characteristics through ranks allows us to anticipate solvability and explore solution structures efficiently.
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