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Assumes that someone grabs a die at random from a drawer containing two 4-sided dice, one 8-sided die, and one 12-sided die. he rolls the die once and reports that the result is 5.
(a) Make a discrete Bayes table showing the prior, likelihood, and posterior for the type ofdie rolled given the data.
(b) What is the prior predictive probability of rolling a 5?
(c) What are your posterior odds that the die has 12 sides?
(d) Given the data of the first roll, what is your probability that the next roll will be a 7?
1. Consider a monopolist in equilibrium who faces the linear demand curve D1 shown below, and whose marginal cost is constant at c.
What impact does amt have on the decision to whether to use either the percentage of completion method or completed contract for reporting profit on longterm contracts?
When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased-Using your knowledge of game theory, what do you thank disrupted McDonald's plans?
Can the U.S. ever come out ahead from this quota? Why or why not? Can the ROW ever come out ahead? Why or why not?
An investment alternative will yield an income of $12,500 now (t=0) and $8,000 three years from now. What is the accumulated amount at the end of 8 years if the interest rate is 9% per year compounded semi-annually?
Write a mission and a vision statement for British Petroleum (BP). Identify British Petroleum's (BP) key stakeholders and map these stakeholders in terms of the power/interest grid.
Describe the impact of an increase in government spending on GDP using both Keynesian and classical points of view.
What does it mean to "buy securities"? What are some affects that buying securities has on the economy?
Refer to the information above. Which of the following represents the steady state growth rate of output per worker in this economy?
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese.
Calculate the payback period of the project in years and months.
Palace Company (an accrual-basis taxpayer) is writing the lease agreements for its new apartment complex, Palace Apartments, which will rent for a minimum of $2,000 per month
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