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Suppose we have two bidders and the distribution is uniform. Show that if the auction is effcient the following payment rule is a possible one:
v/2 + 1/√v - 1/2√y if v > y
P(v,y) =
0 Otherwise.
Show that the sellers payments are unbounded.
the weekly income of night cashiers at a major department store follows the normal probability distribution. the
a population consists of the following five values 13 14 19 21 and 23.a. list all samples of size 3 and compute the
1. in a hospitals shipment of 3500 insulin syringes 14 were unusable due to defects. is this sufficient evidence to
Find the strategy that maximizes the manufacturer's expected net earnings and Should the manufacturer routinely obtain credit rating reports on those retailers who seek credit approval? Why or why not?
the amounts in ounces of juice in eight randomly selected juice bottles are15.2 15.7 15.9 15.9 15.1 15.5 15.7
Find the mean score, X , of the data in the frequency distribution above and find the standard deviation of the scores in the frequency distribution above.
Other questions we might want to ask about pooling similar populations: Do all the subpopulations have the same ratio of yellow to green seeds? Does the average ratio deviate from our hypothesized ratio?
the time in minutes between telephone calls at an insurance claims office has the expo- nential probability
question a market survey was conducted to estimate the proportion of homemakers in ontario who would recognize the
we have a carton of 12 rechargeable batteries contains two that are defective. in how many ways can the inspector
According to study done by Nick Wilson of Otago University, the probability a randomly selected individual will not cover his or her mouth when sneezing was 0.267. Suppose you sit on a mall bench and observe 200 people pass by as they sneeze.
Assuming the sensitivity and specificity of the screening test are the same, which of the following statements about positive predictive value (PPV) applies.
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