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1. Find the optimal reserve price for each distribution of the previous exercise.
2. Now suppose the two bidders of exercise (3.5) collude to bid together and that the auctioneer knows this. Find the new optimal reserve prices for each of the distributions above. If the numbers are different from those calculated in (a), (b) and (c) above, explain why this does not contradict the fact that the optimal reserve price is independent of the number of bidders.
This problem belongs to Basic Statistics and discuss about sample vs population in the area of research and it discusses the importance of these two
sheilas doctor is concerned that she may suffer from gestational diabetes high blood glucose levels during pregnancy.
1.p.t. barnum is concerned about the health of his star trapeze artist. if the artist is capable of performing a triple
The samples do indicate that university A's students are younger than university B's; but is the difference significant at the 1% level?
a card is drawn from a standard deck of 52 playing cards. find the probability that the card is an ace or a heartplease
question the u.s. government accountability office recently indicated the price of college textbooks has been rising
the manager of a youth-oriented clothing store at the local mall has determined that 27 of the males who enter the
The American Bar Association conducted a survey in 1986 showed that the average income of lawyers in 1986 was $ 120,000. An investigator took a sample of 64 lawyers in 1990, produced a median income of $ 140,000 with a standard deviation of $ 24.5..
What assumption about the population distribution is needed in order to conduct the t test in (a)?
Ms. Tina Stevens just purchased a new dress that cost $120. What is the probability she paid cash or check? (Round your answer to 3 decimal places.)
an experiment on rocket shooting distance is conducted to test the effects of using different fuels and propellers.
Testing for a linear correlation. Construct a scatter plot, find the value of the linear correlation coefficient r, and find the critical values of r from the table below using a=0.05.
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