Estimate your expected exam score

Assignment Help Engineering Mathematics
Reference no: EM131524161

Question: Choose a course that you are currently taking in which the final exam is worth 100 points. Treating your score on the exam as if it were a continuous uncertain quantity, assess the subjective probability distribution for your score. After you have finished, check your assessed distribution for consistency by:

a. Choosing any two intervals you have judged to have equal probability content, and

b. Determining whether you would be willing to place small evenodds bets that your score would fall in one of the two intervals. (The bet would be called off if the score fell elsewhere.)

c. After assessing the continuous distribution, construct a three-point approximation to this distribution with the extended Pearson-Tukey method. Use the approximation to estimate your expected exam score.

d. Now construct an approximation using the extended Swanson-Megill method. Use this approximation to estimate your expected exam score. How does your answer compare with the estimate from part c?

Reference no: EM131524161

Questions Cloud

Identify the threats for the development of global companies : Identify the opportunities and threats for the development of global companies. Mention economic arguments for government interventions.
Loanable funds market for the united states : Assume that the loanable funds market for the United States is currently in equilibrium.
About the books and make their money in the stock market : Why don't these authors forget about the books and make their money in the stock market?
Percentage values of the average costs of the merged firms : Calculate the difference between the percentage values of the average costs of the merged firms and the combined average costs of two nearby competitors.
Estimate your expected exam score : Choose a course that you are currently taking in which the final exam is worth 100 points. Treating your score on the exam as if it were a continuous uncertain.
Discuss strengths and weaknesses within the data : Discuss strengths and weaknesses within the data. Identify the resources you would need to collect the data, including the people you would need to work with.
How will government regulation impact decision making : How will government regulation impact decision making? Will the community's makeup be a consideration for decision makers?
Compare the discrete-approximation methods : Use the extended Pearson-Tukey method to create three-point discrete approximations for the continuous distributions assessed in Problem.
Consider expansion and new technology : Discuss how you can influence the chief executive officer (CEO) to consider expansion and new technology.

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  Determine the expected time to use all spares

The probability that a single carrier sent on a six-month mission will not require replacement of the module during that time.

  Discuss reasons why these predictions may not be accurate

Discuss at least three reasons why these predictions may not be accurate and offer three ways in which you can increase the likelihood of accurately predicting your customers' purchases.

  Confidence interval be narrower or wider

Prepare a 95% confidence interval for the average grocery bill. Would a 99% confidence interval be narrower or wider than the 95% confidence interval?

  Consider the accompanying cash-flow diagram and find terms

Consider the accompanying cash-flow diagram. If P = $1,000, A = $200, and i% = 12% per year, then N = ?

  Write an inequality for each constraint that john is bound

Write an inequality for each constraint that John is bound. Developing each inequality in order to graph the system, but considering only the first quadrant since 'x' and 'y' are non-negative.

  Effective consulting research methods report

You have been contracted by a company to hire the next chief executive officer (CEO). The company has given you ten potential candidates for the position of chief executive officer (CEO), but it wants you to first gather data on the executives to ..

  Calculate the budgeted sales revenue for the coffee shop

A hotel coffee shop has 120 seats and is open 7 days a week for all threemeal periods. During the month of January, it anticipates the following seat turnovers.

  Solve optimization model-finding assignment minimize cost

Jubilee Works has three types of jobs in one of its plant and needs to assign it to three men. Each assignment of a man to a job fetches different cost of performing that job.

  Find direct relationship between the heat and wave equations

Show that the wave equation does not, in general, satisfy a maximum principle - diffusion equation on the half-line with Robin boundary condition

  Describe the geometric effect of f on a small disc

Show that f is conformal. Describe the geometric effect of f on a small disc centred at 3/2. Show that the paths Γ1: γ1(t) = 2√3 + 2eit    (t ∈ [0, 2π])

  Discuss the linear integer programming model

Four proposals are under consideration by your company. Proposals A and C are mutually exclusive; proposals B and D are mutually exclusive.

  Determine the mean failure time

The mean value of a Weibull random variable is given by the formula, Compute the expected failure time for Example regarding copier equipment.

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd