### Find actual values fall between the assessed fractiles

Assignment Help Engineering Mathematics
##### Reference no: EM131524209

Question: Reconsider your assessed 0.05 and 0.95 fractiles in Problem 8.13. If you are perfectly calibrated when judging these fractiles, then you would expect that in any given situation the actual value has a 0.90 chance of falling between your assessed fractiles (for that variable).

a. Assuming you are perfectly calibrated, what is the probability that 0, 1, or 2 of the 10 actual values fall between the assessed fractiles?

b. To justify using the binomial distribution to answer part a, you must assume that the chance of any particular value falling between its fractiles is the same regardless of what happens with the other variables. Do you think this is a reasonable assumption? Why or why not?

#### Questions Cloud

 Calculate and determine jade stone net capital gain : 7106AFE Income Tax Law for Accountants Assignment Questions. Calculate and determine Jade Stone's NET CAPITAL GAIN for the income year ended Include information on teaching social skills : Include information on teaching social skills. Describe how the emotion, thought, and behavior components of the models interrelate and influence one another. Describe strategies that will help chloe with her fluency : Research strategy regarding fluency instruction that will assist Chloe in reaching her goals. Describe three strategies that will help Chloe with her fluency. What should your companys stock sell for today : Assuming a required rate of return of 14%, what should your company's stock sell for today? Find actual values fall between the assessed fractiles : Reconsider your assessed 0.05 and 0.95 fractiles in Problem 8.13. If you are perfectly calibrated when judging these fractiles, then you would expect. What is the macaulay duration : A bond with a coupon rate of 8 percent sells at a yield to maturity of 7 percent. If the bond matures in 10 years, what is the Macaulay duration? Website migration project : Tony's Chips has recently been sold to a new independent company. The new company has hired you to manage a project that will move the old Website. What is the probability that the interviewer can stop : If the interviewer selects 20 people randomly, what is the probability that more than 15 of them will favor building the park? What is the standard deviation of the stock returns : What is the standard deviation of the stock’s returns? What was the stock’s return for the missing year?

### Write a Review

#### Prove the intermediate value theorem

Let f: [a, b] → R be a continuous function, and y any number between f(a) and f(b) inclusive. Then there exists a point c ∈ [a, b] with f(c) = y. Prove the Intermediate Value Theorem

#### What is the group of deck transformations

Describe the covering space of 8 corresponding to the subgroup generated by a. Your description might include a picture. As part of your answer, you should describe the covering map

#### How large sample would be required to report margin of error

Although airline schedules and cost are important factors for business travelers when choosing an airline carrier, a USA Today survey found that business travel

#### Determining the minimum nutritional standards

The Feed 'N Ship Ranch fattens cattle for local farmers and ships them to meat markets in Kansas City and Omaha. The owners of the ranch seek to determine the amounts of cattle feed to buy so that minimum nutritional standards are satisfied, and a..

#### Monthly demands at a minimum cost

Riley's produces two grades of ice cream-creamy and premium. Both are produced by blending two types of dairy mixes. Both dairy mixes contain different amounts of butter fat and skim milk. Their cost per gallon varies accordingly

#### What is your interpretation of this value

he Troubled Asset Relief Program (TARP), passed by the U.S. Congress in October 2008. provided 5700 billion in assistance for the struggling U.S. economy.

#### What is the interest rate

Transform the cash flows on the left-hand side of the accompanying diagram (see Figure) to their equivalent amount, F, shown on the right-hand side.

#### Find an approximate bootstrap confidence interval

Consider the soft drink delivery time data in Example. Find an approximate 95% bootstrap confidence interval on the regression coefficient for distance using.

#### Digital computer and plot the streamlines

Consider two-dimensional potential flow into a step contraction as in Fig. The inlet velocity U1 = 7 m/s, and the outlet velocity U2 is uniform. The nodes (i, j) are labelled in the figure. Set up the complete finite-difference algebraic relation ..

#### Discuss the macrs depriciation

A firm must decide between two silicon layer chip designs from Intel. Their effective income tax rate is 40%, and MACRS depreciation is used.

#### What are the fin efficiency and effectiveness

What are the fin efficiency and effectiveness? If there are 125 such fins per meter of tube length what is the rate of heat transfer per unit length of tube?

#### Discuss the mean profit and also variability

Joe is the manager of an electronics store that sells TVs, HiFis, computers, and various other electronic devices. For next month Joe is planning a promotion.