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A selfless person approaches Jones and Smith with a $100 bill and offers to sell it to the highest bidder, but both the winning and losing bidders must pay her their bids. So if Jones bids $2 and Smith bids $1 they pay a total of $3, but Jones gets the money, leaving him with a net gain of $98 and Smith with -1. If both bid the same amount, the $100 is split evenly between them. Assume that each of them has only two $1 bills on hand, leaving three possible bids: $0, $1, or $2. Write out the payoff matrix for his game, and then find its Nash equilibrium.
Perform a sensitivity analysis on the optimal decision and summarize your findings. In response to which model inputs is the expected profit value most sensitive?
Severity of pain is influenced by the timing of pain interventions in sickle-cell crises and immediate intervention is better than either slightly delayed intervention or initiation at crisis stage.
If the contents in the population of all cans follow a normal distribution, what is the probability that the mean contents of a six-pack are less than 12 oz?
what does p .05 mean? what are some misconceptions about the meaning of p .05? why are they wrong? should all
Briefly explain how the standard deviation influences outcome of hypothesis test. How does σ influence measures of effect size?
The main part of the ACS contacts 250,000 addresses by mail each month, with follow-up by phone and in person if there is no response. Each household answers questions about their housing, economic, and social status. What is the Population.
The mean time between reoccurring events is exponentially distributed with a mean time between events of 15 minutes.
To estimate the prevalence of HIV, the State of New York implemented a policy of testing women who gave birth. The test that was used is known as ELISA; it is actually a test for the HIV antibody. Assume that ELISA has a sensitivity of 0.998 and a sp..
A box contains four 40-W bulbs, five 6-W bulbs and six 70-W bulbs, if three bulbs are selected without replacement randomly. What is the probabilty that three are 70-W bulbs?
A scatter diagram that plots the values of the residuals against the values of the dependent variable
you notice in your introductory psychology class that more women tend to sit up front and more men in the back. to
Approximately 14 percent of the population of Arizona is 65 years or older. A random sample of five persons from this population is taken. The probability that less than 2 of the 5 are 65 years or older is:
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