What is wrong with the probability assignments

Assignment Help Business Economics
Reference no: EM132151570

Greg made up another question for a small quiz. He assigns the probabilities P(A)= 0.6, P(B)= 0.7, P(A | B) = 0.1 and asks for the probability P(A or B). What is wrong with the probability assignments?

Reference no: EM132151570

Questions Cloud

How can a customer protect against that single point of fail : How can a customer protect against that single point of failure? Provide an analysis on whether this presents a good cost-benefit trade-off.
Reject the null hypothesis and conclude that there : If the analyst wants to control for the probability of a Type 1 Error to be no more than 0.05 (a=0.05), then the analyst would
The difference between the use of intranets vs extranets : Tell us about the coverage differences among PAN, LAN, WAN, and MAN networks.
What is business process reengineering : As technology and information systems become more sophisticated, organizations sought to reengineer their Business processes to become more efficient.
What is wrong with the probability assignments : He assigns the probabilities P(A)= 0.6, P(B)= 0.7, P(A | B) = 0.1 and asks for the probability P(A or B). What is wrong with the probability assignments?
The tcp receiver opens the connection with an isn : The TCP sender opens a connection using the initial sequence number (ISN) of 14137. The TCP receiver opens the connection with an ISN of 18332.
How many ways are there for her to distribute the points : How many ways are there for her to distribute the points if a particulat student, Amanda, gets no more than 10 points?
Define the concept of a schema : Define the concept of a schema, and specify how your specific DBMS implemented the schema.
Implementing a wireless infrastructure for the orlando : You have been tasked with implementing a wireless infrastructure for the Orlando Universal theme park.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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