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1. Suppose there are two bidders with types distributed uniformly on the interval [0, 1] and that the common value is given by u(x1, x2) = 2x1 -x2. Find the equilibrium bidding strategies for the first- and second-price auctions. Compute the expected revenue associated with each auction format.
on one busy holiday weekend a national airline has many requests for a standby flights at half of the usual one way
A bowl contains 20 chips, of which 9 are red, 8 are white and 3 are blue. Six chips are taken at random and without replacement. Find the probability that each of the 6 chips is red.
1. The counselor calculates the unbiased estimate of the population's variance to be 15. What is the variance of the distribution of means?
What are the strengths and weaknesses of nonparametric tests? Can the outcomes of the nonparametric tests be generalized to populations?
To avoid the problem of not having access to Tables of F distribution with values given for the lower tail, the numerator of the test statistic should be the one with:
Conduct the most appropriate hypothesis test using a 0.05 significance level to determine if there is a statistically significant difference between the reading of both instruments.
the maximum patent life for a new drug is 17 years. subtracting the length of time required by the fda for testing
To find the probability that exactly 25 of the computers will require repair, one would use what type of probability distribution?
in basketball a players free throws percentage ft is expressed as a number between 0 and 1 which represents the
If the distribution of mouth volumes is nearly Normal, what percentage of men and of women should have even larger mouths than these (higher than the highest listed above)?
What are the input and the output of linear regression, and what does the coefficient of determination measure and what is the purpose of measuring correlation?
the average on an exam is 75 and the standard deviation is 17. if the instructor assigned grades based on the normal
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