MS 405 Assignment #3 1- In an experiment subjects are given between the two gambles: Gamble 1: A: $2500 with probability 0.33 $2400 with probability 0.66 $0 with probability 0.01 Gamble 2: C: $2500 with probability 0.33 $0 with probability 0.67 B: $2400 with certainty D: $2400 with probability 0.34 $0 with probability 0.67 Suppose that a person is an expected utility maximizer. Set the utility scale so that u($0) = 0 and u($2500)=1. Denote u($2400) by x. a) Which one would you prefer
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changes for remaining life time ascending. 0• In this scheduling policy bundles are sorted taking into account their remaining time-to-live (TTL). Bundles with a longer remaining TTL are scheduled to be sent first because they have a higher probability to reach its final destination. Both FIFO and Random scheduling policies do not take into account the time-to live(TTL) of bundles. TTL is a timeout value that expresses the amount of time that bundles should be stored before being discarded
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1. Use the sales forecaster’s predication to describe a normal probability distribution that can be used to approximate the demand distribution. Sketch the distribution and show its mean and standard deviation. Let’s assume that the expected sales distribution is normally distributed‚ with a mean of 20‚000‚ and 95% falling within 10‚000 and 20‚000. We know that +/- 1.96 standard deviations from the mean will contain 95% of the values. So‚ we can get the standard deviation by: z = (x -
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assassination‚ two weeks before it happened. Some people interpret dreams coming true as evidence for the paranormal. However‚ others assume that probability or coincidence can explain this anomalous experience. Explain why some people see dreams which later come true as evidence for the paranormal‚ whereas other people do not. Use your knowledge of probability judgments and/or coincidence in your answer. (10 marks) Mark scheme answer: A coincidence is when two events happen about the same time and
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Reprinted with corrections from The Bell System Technical Journal‚ Vol. 27‚ pp. 379–423‚ 623–656‚ July‚ October‚ 1948. A Mathematical Theory of Communication By C. E. SHANNON T I NTRODUCTION HE recent development of various methods of modulation such as PCM and PPM which exchange bandwidth for signal-to-noise ratio has intensified the interest in a general theory of communication. A basis for such a theory is contained in the important papers of Nyquist 1 and Hartley2 on this subject
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Sampling Techniques Worksheet For each description of sampling‚ decide if the sampling technique is A. Simple Random B. Stratified C. Cluster D. Systematic E. Convenience 1. In order to estimate the percentage of defects in a recent manufacturing batch‚ a quality control manager at Intel selected every 8th chip that comes off the assembly line starting with the 3rd‚ until she obtains a sample of 140 chips. 2. In order to determine the average IQ of ninth-grade students‚ a school psychologist
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The worksheet “Insurance” in the Excel workbook MATH302_Midterm.xls‚ which is attached‚ contains data on the percentage of people without health insurance coverage. These data are based on samples taken in 2004 for the fifty states and the District of Columbia. Use these data to answer questions 1 and 2.a. On average‚ what percentage of the people in the fifty states and the District of Columbia do not have health insurance? Mean: 14.15 Round your answer to 2 decimal places as necessary.b.
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Comparison of 3 best calculators (summary): .............................................................. 23 Chapter 3 Find E ( X )‚Var ( X )‚ E ( X | Y )‚Var ( X | Y ) ........................................... 27 Chapter 4 Set‚ sample space‚ probability....................................................... 44 Chapter 5 Multiplication/addition rule‚ counting problems ................... 53 Chapter 6
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Prospect Theory: An Analysis of Decision under Risk Daniel Kahneman; Amos Tversky Econometrica‚ Vol. 47‚ No. 2. (Mar.‚ 1979)‚ pp. 263-292. Stable URL: http://links.jstor.org/sici?sici=0012-9682%28197903%2947%3A2%3C263%3APTAAOD%3E2.0.CO%3B2-3 Econometrica is currently published by The Econometric Society. Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and Conditions of Use‚ available at http://www.jstor.org/about/terms.html. JSTOR’s Terms and Conditions of Use provides
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کورنش تای قلب بون بیف رب ویل رب ویل نک Introduction: A fixed coordinate system is a system in which the points are represented using a set of co-ordinates or numbers. The order of the coordinates is knIntroduction: The probability is one of the sampling techniques of choosing the equivalent elements. These are specified as random sampling. The sampling is helped to develop the sampling frame; it selects the elements as randomly. The sampling can be done through the replacement
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