What is the posterior expected value of beaus weight

Assignment Help Macroeconomics
Reference no: EM131137974

Everyone knows that giraffes are tall, but how much do they weigh?

Let's suppose that the weight of male giraffes is normally distributed with mean 1200 kg and standard deviation 200 kg. I volunteered at the zoo and was given the task of weighing their male giraffe Beau. Now weighing a giraffe is not easy and the process produces random errors following a N(0, 1002)distribution. To compensate for the inaccuracy of the scale I weighed Beau three times and got the following measurements:1250 kg, 1300 kg, 1350 kg .

What is the posterior expected value of Beau's weight?

Reference no: EM131137974

Questions Cloud

Twelve randomly selected mature citrus trees : Twelve randomly selected mature citrus trees of one variety have a mean height of 13.8 feet with a standard deviation of 1.2 feet, and 15 randomly selected mature citrus trees of another variety have a mean height of 12.9 feet with a standard devi..
List advantage and opportunity for vis-a-vis economic growth : List the advantage and opportunity for (country of choice) vis-a-vis economic growth. List advantage and opportunity for (country of choice) expansion. List advantage and opportunity for (country of choice) export.
The data constitute independent random samples : Assuming that the data constitute independent random samples from normal populations with equal variances, construct a 99% confidence interval for the difference between the true average heat-producing capacities of coal from the two mines
An engineer plans to measure the resistance : To study the effect of alloying on the resistance of electric wires, an engineer plans to measure the resistance of n1 = 35 standard wires and n2 = 45 alloyed wires. If it can be assumed that σ1 = 0.004 ohm and σ2 = 0.005 ohm for such data, what c..
What is the posterior expected value of beaus weight : Let's suppose that the weight of male giraffes is normally distributed with mean 1200 kg and standard deviation 200 kg.- What is the posterior expected value of Beau's weight?
Confidence interval for the corresponding true proportion : A sample survey at a supermarket showed that 204 of 300 shoppers regularly use coupons. Use the large sample confidence-interval formula of Theorem 6 to construct a 95% confidence interval for the corresponding true proportion.
Maximum error if we use the observed sample proportion : With reference to Exercise 38, what can we say with 99% confidence about the maximum error if we use the observed sample proportion as an estimate of the proportion of all shoppers in the population sampled who use coupons?
Interval for the corresponding true proportion : With reference to Exercise 40, what can we say with 95% confidence about the maximum error if we use the observed sample proportion as an estimate of the corresponding true proportion?
What is the system function of the overall cascade system : Draw the signal flow graph of a transposed direct form II implementation of this system.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd