### Find the actual value falls between estimates

Assignment Help Microeconomics
##### Reference no: EM131523973

Question: For each of the following 10 items, assess the 0.05 and 0.95 fractiles based only on your current knowledge. That is, choose upper and lower estimates such that you are 90% sure that the actual value falls between your estimates. Your challenge is to be neither too narrow (i.e., overconfident) nor too wide (underconfident).

If you have done a good job, most of your intervals contain the actual value (given in the online supplement at www.cengagebrain.com-no peeking!). If three or more of your intervals missed the actual value, though, you have demonstrated overconfidence. Given your results in this question, would you adjust your assessments in Problem?

Problem: Assess these fractiles for the following uncertain quantities: 0.05 fractile, 0.25 fractile (first quartile), 0.50 (median), 0.75 fractile (third quartile), and 0.95 fractile. Plot your assessments to create graphs of your subjective CDFs.

a. The closing Dow Jones industrial average (DJIA) on the last Friday of the current month.

b. The closing DJIA on the last Friday of next year.

c. The exchange rate, in Japanese yen per dollar, at the end of next Monday.

d. The official high temperature at O'Hare International Airport tomorrow.

e. The number of fatalities from airline accidents in the United States next year.

f. The number of casualties from nuclear power plant accidents in the United States over the next 10 years.

g. The value of the next jackpot won in the California state lottery.

### Previous Q& A

#### Sales and marketing

Today many companies have incorporated sales into the marketing department and termed it as "sales and marketing" department.

#### Including both employee and employer contributions

what is the total contribution to the account in 2016 including both employee and employer contributions?

#### What is present value of the bond

If the annual rate of discount is 3 percent, what is present value of the bond?

#### Give an example of what made an effective presentation

Think about good and not-so-good professional presentations that you have attended in the past. Give an example of what made an effective presentation.

#### What methods are scientists using to stop erosion on pelican

What methods are scientists using to stop the erosion on Pelican Island? Which ocean currents were most likely to have transported the shoes?

#### What is the maximum contribution

What is the maximum contribution Eric can make to an IRA in 2016?

#### What is starbucks strategic planning and control

What is Starbucks Strategic Planning and Control? Explain the Forensic Financial Analysis on Starbucks?

#### Explain starbucks shareholder value analysis

What is Starbucks operating leverage? What is Starbucks strategic valuation? Explain Starbucks shareholder value analysis?

#### Levels of technology and productivity

In doing this you need to look at how the determinants of aggregate supply - such as levels of technology and productivity - can be raised.

#### Explain what the most important parts of business plan

Explain what the most important parts of a business plan are.

### Similar Q& A

#### Identify an example in which a firm you are familiar with

identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the

#### What is the expected call option price of this stock

How arbitrage could happen if the price of call option is 7 SR. What is the value of arbitrage? What is arbitrage and how could somebody (might) achieve that? Is it easy to do arbitrage in stock market? Why?

#### Recognize the determinant of demand andor supply which

given the products below and the events that affect them indicate what happens to demand andor supply and the

#### How would the us government maximize us total surplus

Suppose a Canadian lumber company has a world monopoly on lumber, so that all lumber purchased by U.S. citizens is bought from this one Canadian lumber company. Draw a supply-demand graph with linear demand curve and a flat marginal cost curve. Sha..

#### Recognize the organization not previously selected and

identify an organization not previously selected and recommend methods to reduce costs. what effects do technologies

#### Could production and consumption take place without money

Could production and consumption take place without money

#### Model for men separately and fit the model

Suppose the equation of interest is now SLEEP=β0+ β1TOTWORK+ β2EDUC+ β3AGE+ β4AGESQ+ β5YNGKID +u

#### Political involvement in business operations

Especially studied China's political environment due to the high level of government/political involvement in business operations.

#### Four approaches by listing the advantages and disadvantages

Critique each of these four approaches by listing the advantages and disadvantages of each.

#### Determining pricing problem

Assume a manager of a profitable department store you're confronted with the pricing problem. You've two types of customers

#### How much government bonds must the fed buy or sell if fed

suppose that the required reserve ratio is 10. if the fed decided to increase money supply for 2 billion to stimulate

#### The price of other goods is 1 euro per unit

John consumes leisure (L hours per day) and other goods (Y unites per day), with preferences decribed by U(L,Y ) = L + 2√y The price of other goods is 1 euro per unit. The wage rate is w euros per hour.

#### Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!