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Question: Typically, the more information we have, the better estimates we can make. However, we mentioned that when using the alternative parameter method, if we have more assessments than parameters then there may be no single distribution of that type which exactly matches all the assessments. Discuss how having more information (assessments) can lead to ambiguity in the distribution choice instead of identifying a unique distribution. In this case, is having more information bad?
An insurance company is initerested in the relationship between the number of licensed vehicles in a state and the number of accidents per year in that state.
1. county hospital orders syringes from a hospital supply firm. the hospital expects to use 40000 syringes per year.
Define α = √2 + √3. Show that Q(α) = Q(√2, √3). Find the minimum polynomial of α over Q
a company produces three electrical products-clocks radios and toasters. these products have the following resource
A firm has £120,000 to invest. It can buy shares in company X which cost £2 each and give an expected annual return of 6%, or shares in company Y which cost.
You are a census officer in a newly democratic nation and you have been charged with using the census data from the table below to determine how 100 congressional seats should be divided among the 10 states of the union.
The population proportion is .30. What is the probability that a sample proportion will be within ±.04 of the population proportion for each of the following.
This question explores IS and FX equilibria in a numerical example. The consumption function is C = 1.5 + 0.75(Y - T). What is the marginal propensity.
Eight jobs are to be processed through a single machine. The processing times and due dates are given here. Furthermore, assume that the following precedence.
The current exchange rate is £1.00 = $2.00. Compute the correct balances in Bank A's correspondent account(s) with bank B if a currency trader employed at Bank A buys £45,000 from a currency trader at bank B for $90,000 using its correspondent rel..
A brand manager for ColPal Products must determine how much time to allocate between radio and television advertising during the next month.
For the pairs of matrices below say whether it is possible to add them together and then, where it is possible, derive the matrix C = A + B.
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