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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?
Identify values for p,n and x and explain how this fits binomial distribution model.
Decimal to Binary: Complete the following table to practice converting a number from decimal notation to binary format. Mark each hexadecimal number with h
They play a central role in Fast Fourier Transforms and in digital signal processing, among other things.) It is easy to see that Bay is a vector space of functions.
A maker of personal computers, Noname, purchases 64K DRAM chips from two different manufacturers, A and B. Noname uses the following sampling plan.
Consider a parity check code with three data bits and four parity checks. Suppose that three of the code words are 10010II, 010 110 I, and 0011110.
A small company heats its building and spends $8,000 per year on natural gas for this purpose. Cost increases of natural gas are expected to be 10% per year.
A manufacturing company produces parts, 97% of which are within specifi- cations and 3% are defective (outside specifications).
Problem 1: Compute the derivative function f'(x) algebraically.
Under what circumstances would the following assumptions not be accurate? The assumption that the probability law describing the number of periods.
Ward Doering Auto Sales is considering offering a special service contract that will cover the total cost of any service work required on leased vehicles.
To join an upscale country club, an individual must first purchase a membership bond for $20,000. In addition, monthly membership dues are $250.
Consider a two-person/two-good exchange economy, illustrated by a box diagram as in Figure. Illustrate a three-step process of Walrasian adjustment.
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