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Question: 1. Explain in your own words the idea of subjective probability.
2. Explain in your own words the difference between assessing the probability for a discrete event and assessing a probability distribution for a continuous unknown quantity
3. Suppose your father asked you to assess the probability that you would pass your decision-analysis course. How might you decompose this probability assessment? Draw an influence diagram to represent the decomposition.
What is Evanec's cost of retained earnings, rs? What is Evanec's percentage flotation cost, F?
What is one fiduciary duty a director owes to his or her corporation? What does this duty require? Do you feel this is appropriate duty?
Econ 107 Lab Exercise: Panel Data Analysis. What conclusions would you draw about the effects of concealed carry laws on crime rates
An accounting friend of yours has gone to great lengths to construct a statistical model of bankruptcy. Using the model, the probability that a firm will file.
what will be the firm's cost of common equity using the CAPM approach?
For each of the following phrases write down the probability number that you feel is represented by the phrase.
Describe Google’s investment strategy? What are the factors driving this strategy? How might shareholders eventually react to this strategy?
The market demand is given by P=260-0.002*Q. The monopolist's costs are described by TC=8,000,000+2Q. Calculate the profit-maximizing quantity.
In response to a price increase from $4.75 to $4.99, sales quantity decreases 125 to 113. Calculate the absolute value of the price elasticity of demand.
Assess your probability that the following outcomes will occur. Use the equivalent lottery method as discussed in the chapter.
As part of a study on transportation safety the US Department of Transportation collected data on the number of fatal accidents per 1000 licenses and the percent of licensed drivers under the age of 21 in a simple of 42 cities Data collected over ..
[Error Probability in Simple Repetition Codes] Assuming that€ = 0.3 in a binary symmetric channel,plot Pe as a function of the block length n.
Researchers routinely choose an alpha level of 0.05 for testing their hypotheses. What are some experiments for which you might want a lower alpha level (e.g., 0.01)? What are some situations in which you might accept a higher level (e.g., 0.1)?
Discuss each objective of the tactical model. How long is the time horizon required to address each of the specific objectives? How many time periods does the model consider?
An architect is designing an office building that is 120 feet by 72 feet. The architect wishes to use prefabricated rectangular panels to construct the outside walls. If the same size panels are to be used on all sides of the building what is the ..
Assume that the test scores from a college admissions test are normally distributed, with a mean of 450 and a standard deviation of 100.
The destructive breakdown of silicon dioxide occurs with an electric field of about 10 million V/cm. Consider an integrated MOSFET with a 4.5-nm thick oxide.
Calculate the cost of each individual sale separately using LIFO procedures. The firm uses the perpetual inventory system, and there are 52 units of the item on hand at the end of the year. What is the total cost of the ending inventory according ..
Your potential profit for various purchase levels under each of the five possible market conditions is shown in the table below.
What is the difference between Data and Information - To have an effective communication you need to meet two conditions, mention these conditions.
The Kodiak Oil Company owns a pipeline network that is used to convey oil from its source (Node 1) to several storage locations. A portion of the network is shown on the next page. Due to varying pipe sizes, the flow capacities vary (shown below i..
Problem 1: Find the value of y(4) when
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