Expected Monetary Value In a business environment‚ we frequently use probabilities to assess alternative financial decisions Example 1: A coin is tossed ten times. When a head is obtained‚ €4 is won. When a tail is obtained‚ €2 is lost Calculate the expected winnings. Outcome HEAD TAIL Winnings €4 -€2 Probability 0.5 0.5 Expected winnings in one toss: Expected Monetary Value (or just Expected Value (EV) = €1 Note: You never actually receive
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$15‚000 $20‚000 Restaurant 2‚000 8‚000 6‚000 Theater 6‚000 6‚000 5‚000 Determine the best investment‚ using the following decision criteria. a. Maximax 20‚000 motel b. Maximin 5‚000 theater c. Minimax regret 14‚000 motel or Restaurant d. Hurwicz(a=.4) theather 5‚400 e. Equal likelihood =Motel 9‚000 16. A concessions manager at the Tech versus A&M football game must decide whether to have the vendors sell sun visors or umbrellas. There is a 30% chance of rain‚ a 15% chance of overcast skies‚ and
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Lymph Nodes Definition: Lymph nodes: Lymph nodes are small encapsulated organs located along the pathway of lymphatic vessels. They vary from about 1 mm to 1 to 2 cm in diameter and are widely distributed throughout the body‚ with large concentrations occurring in the areas of convergence of lymph vessels. They serve as filters through which lymph percolates on its way to the blood. Antigen-activated lymphocytes differentiate and proliferate by cloning in the lymph nodes. They are packed
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Nodes In the context of the plan‚ the nodes are planned areas of high-density multifunctional developments featuring a pedestrian friendly environment and good public-transit accessibility. Meaning that there is a concentration of activity centred around easy access to the transit network. The strategy of the multiple centres concentrates growth where it is most easily accessible in terms of both transit and infrastructure‚ the strategy forms a hierarchy of nodes from the major centres‚ connections
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older the tree‚ the larger the diameter‚ and diameter is easy to measure. The foresters measure the diameter of all 1132 tress and find that the population mean is 26.2 cm. They then randomly select 20 trees for age measurement. Tree‚ k 1 2 3 4 5 6 7 8 9 10 Diameter‚ xk 30.5 29.0 20.1 22.9 26.7 20.1 18.5 25.9 29.7 28.7 Age‚ yk 125 119 83 85 99 117 69 133 154 168 Tree‚ k 11 12 13 14 15 16 17 18 19 20 Diameter‚ xk 14.5 20.3 26.2 30.5 23.4
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that does not. true false Question 3 2 / 2 pts In general‚ firms want their Times Interest Earned ratio to be as low as possible.<br> In general‚ firms want their Times Interest Earned ratio to be as low as possible. true false Question 4 2 / 2 pts A company whose Total Asset Turnover ratio is 1.0 is using its assets more efficiently than one whose ratio is 2.0.<br> A company whose Total Asset Turnover ratio is 1.0 is using its assets more efficiently than one whose ratio is 2.0. true
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vary over the life cycle of a product. Answer: TRUE 2. A time-series model uses a series of past data points to make the forecast. Answer: TRUE 3. Cycles and random variations are both components of time series. Answer: TRUE 4. One advantage of exponential smoothing is the limited amount of record keeping involved. Answer: TRUE 5. If a forecast is consistently greater than (or less than) actual values‚ the forecast is said to be biased. Answer: TRUE Multiple Choice Questions
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1. According to the IS-LM model‚ what happens in the short run to the interest rate‚ income‚ consumption‚ and investment under the following circumstances? (Assume everything else is held constant.) a. The central bank decreases the money supply. i. The interest rate ________increases_______________________ ii. Income ____________decreases__________________________ iii. Consumption ___________decreases______________________ iv. Investment ___________decreases________________________
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Year Round Schooling Chyler Chisholm Year Round Schooling Mr. Reynolds 4-1-16 How would you feel if you were having a fun time with your family on a nice day in the middle of August‚ but then you realize you have to go to school tomorrow. Also imagine sitting in a class in the middle of summer baking like a batch of potatoes. If you went to a year round school that could be you. Year round schools would be a great idea if you didn’t know anything about them. I am against year round schools
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TUTORIAL 4 – DISCRETE DISTRIBUTIONS Question 1 An experiment consists of picking a card at random from a standard deck of cards and replacing it. If this experiment is performed 12 times‚ what is the probability that you get: (a) exactly 2 aces; (b) exactly 3 hearts; (c) more than 1 heart. Solution Let n = 12‚ the no of experiments. (a) Let p = probability of obtaining an ace in an experiment of picking a card at random from a standard deck of cards; and = 4/52 = 1/13
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