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Two professors, a macroeconomist and an econometrician, are driving south to visit their friend in Princeton. Neither of them knows precisely how to get there. They arrive at a two-way intersection, and they have to decide which of roads A or B to take. Only one of these two roads leads to Princeton, while the other would take them to Pennsylvania (and of course there is no road signal indicating the direction to Princeton). If the macroeconomist was to decide which road to take, he would choose the correct one with probability p. If the econometrician was to decide, she would choose the correct one with probability q. Consider two strategies the couple could follow: (i) Randomly choose one of them (probability 1/2 for each) and let that person decide which road to follow; or (ii) Have them both think about what road should be taken and then either take the road that they both think is correct if they agree or, if they disagree, ‡flip a fair coin to determine which road to take. QUESTION: Which of these strategies is better for the professors and why? How does you answer depend on p and q?
Develop a second decision tree for Sonny and his team to reflect this new option of hiring the research firm prior to the possibility of developing the app
1. following are positions taken by twelve senators on a half dozen key issues. the issues are scaled from 1 to 5 with
1. Provide a recommendation to the president that maximizes profits
the pdf for frechet distribution is ltbrgtfxa?a x-?-a-1 exp-x-?-a ltbrgtthen how we can calculate the cdf for frechet
Write down the regression equation and state the R-squared value and the standard error and explain what they mean with respect to the data.
Your write-up of this experiment should include your work to determine the n, your methodology, your record of the experiment, your confidence interval, your interpretation of the confidence interval, your formal hypothesis test and your comments ..
question 1you are a data analyst working for the australian petrol pricing commissioner and have been requested to
An analysis was done to see if there was a correlation between the number of days of class missed and a student's GPA.
q1 linear programming -- product outputnbspnbsp nbspa company produces 3 different products a b and c.
What is the annualized excess performance (Jensen's Alpha) of the firms that DID NOTreplace their CEO and describe the assumptions behind the classical linear regression model and the three diagnostic tests we discussed in class, the commands you w..
How would you describe the function of a generalized linear regression model?
Use Markov's inequality to get an upper bound
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