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National polls are often conducted by asking the opinions of a few thousand adults nationwide and using them to infer the opinions of all adults in the nation. Explain who is in the sample and who is in the population for such polls. Please use a poll from a newspaper, TV, a magazine, or from the Internet.
Kodak & Fuji develop photographic film. Assume that there are no other significant manufactures, so that Kodak and Fuji constitute a duopoly
Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.
Construct a 90% confidence interval for the population average weight of the candies.
Find 95% confidence intervals for the proportion of Tyson packages with contamination and the proportion of Perdue packages with contamination (use 3 decimal places in your answers).
A supplier and a buyer, who are both risk neutral, play the following game, The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.
In a two player, one shot simultaneous move game each player can select strategy A or B. If both players select strategy A, each receives a payoff of $500.
Determine which pair of strategies would competing companies A and B choose given this payoff matrix?
A null hypothesis is that the average pulse rate of adults is 70. For a sample of 64 adults, the average pulse rate is 71.8. A significance test is done and the p-value is 0.02. What is the most appropriate conclusion based on α of 0.05?
Ken and Gerard are roommates for a weekend and have succeeded in making their living quarters cluttered in very little time.
Assume that the market for computer chips is dominated through two comapnies: Intel and AMD. Intel has discovered how to make superior chips and is planning whether or not to adopt new technology.
One airport had 28% late arrivals. After a new directing system was installed, a sample of 1200 flights had 322 late arrivals. At the .01 level, did the new system lower the rate of late arrivals? List the null and alternate hypotheses.
Consider the following data for a simultaneous move ggiven: If you advertise and your rival advertises, you will each earn 5 million dollar in profits.
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