Find out revised probabilities for symptoms, Basic Statistics

Assignment Help:

This problem set consists of three problems and a short essay.  Each problem is worth 7 points, the essay is worth 4 points for a total of 25 points.

1.  What are the chances that tensions between a democratic (US) and autocratic (Iran) country will escalate to war?

Initial probabilities based on the historical record:

Wars between democracies and autocracies: .3

No wars between democracies and autocracies:  .7

A panel of experts suggested the following symptoms and probabilities:

                                          Support war                Against war     Revised probabilities

                                                    For war    Against war

1.   negotiation progress                .2                     .7                    

2.   military preparations               .7                     .2

3.    nuclear development              .6                     .3

4.   government reforms                .3                     .7

5.   support from allies                  .6                     .4

a)  What are the revised probabilities for each of these symptoms?

b)  What are the joint effects of negotiation progress and nuclear development on the chances of going to war? 

c)  What do you conclude from these analyses about the probability of war between these countries?

 

 


Related Discussions:- Find out revised probabilities for symptoms

Financial instruments, how are financial instruments recognised in financia...

how are financial instruments recognised in financial reports in the past and present?

Find out the value to the firm and wacc , 1. HV Inc. is trying to determine...

1. HV Inc. is trying to determine the optimal time to undertake a product expansion. The project will require an initial investment of $15M and the firm has a WACC of 3%. The expan

Luxor case, Susan’s proposed budget for 2011 includes a substantial repayme...

Susan’s proposed budget for 2011 includes a substantial repayment of the bank loan. If the repayment occurs, is the firm likely to break even in 2012? Explain.

STATISTICS FOR MANAGEMENT, 1. Mention the characteristics of Statistics. Ex...

1. Mention the characteristics of Statistics. Explain any two applications of Statistics. 2. Distinguish between primary and secondary data. What are the methods of collecting prim

Cost accounting test, i need someon to help me do my cost accounting test

i need someon to help me do my cost accounting test

Financial, on july 2,ali collected cash of Rs 700 from accounts receivable ...

on july 2,ali collected cash of Rs 700 from accounts receivable ,july 9 purchased gym equipments for 2175, paying 5500 in cash and charging the remainder on the company 30 day acco

Estimate the proportion of lake trout with lamprey scars, In a certain lake...

In a certain lake a limnologist wishes to estimate the proportion of lake trout with lamprey scars. (a) How large of a random sample should be taken if the limnologist has no pr

10-k report information, Where are Cash Equivalents and Marketable Securiti...

Where are Cash Equivalents and Marketable Securities noted on a 10-K report? What needs to be included as a minimum disclosure?

Write Your Message!

Captcha
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