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Full Sail University *
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Course
GDN3361
Subject
Economics
Date
Jun 4, 2024
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1
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Related Questions
Firm 1
Silence
Disclosure
Silence
Firm 2
-200, -200
0, -590
Disclosure
-590, 0
-450, -450
fine (a hundred million won)
1. Where is the Nash Equilibrium? - find
out the dominant strategy
a. (Silence, Silence) = (-200, -200)
O b. (Silence, Disclosure) = (-590, 0)
c. (Disclosure, Silence) = (0, -590)
d. (Disclosure, Disclosure) = (-450,
-450)
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Use the following information to answer the next two questions: A service station has a pump that distributes
diesel fuel to automobiles. The station owner estimates that only about 4.8 cars use the diesel pump every 2
hours.
What is the probability that 5 cars will arrive to use this pump during a two-hour period?
O 65.1%
O 32.24%
O 13.5%
O 22.26%
O 17.5%
QUESTION 32
What is the probability that one or no cars will arrive to use the diesel pump during a half-hour period?
O 4.77%
O 49.3%
O 66.26%
O 30.12%
O 36.14%
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A5
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53. The annual demand for Prizdol, a prescription drugmanufactured and marketed by the NuFeel Company,is normally distributed with mean 50,000 and standarddeviation 12,000. Assume that demand during each ofthe next 10 years is an independent random numberfrom this distribution. NuFeel needs to determine howlarge a Prizdol plant to build to maximize its expectedprofit over the next 10 years. If the company builds aplant that can produce x units of Prizdol per year, it willcost $16 for each of these x units. NuFeel will produceonly the amount demanded each year, and each unit ofPrizdol produced will sell for $3.70. Each unit of Prizdol produced incurs a variable production cost of $0.20.It costs $0.40 per year to operate a unit of capacity.a. Among the capacity levels of 30,000, 35,000,40,000, 45,000, 50,000, 55,000, and 60,000 unitsper year, which level maximizes expected profit?Use simulation to answer this question.b. Using the capacity from your answer to part a,NuFeel can be 95%…
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Typed plz and asap thanks
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When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 30 or to bet $10 that the outcome is any one of the three possibilities 00, 0, or 1.
3
The gambler knows that the expected value of the $10 bet for a single number is - 53¢. For the $10 bet that the outcome is 00, 0, or 1, there is a probability of 38 of making a net
profit of $30 and a probability of losing $10.
35
38
a. Find the expected value for the $10 bet that the outcome is 00, 0, or 1.
b. Which bet is better: a $10 bet on the number 30 or a $10 bet that the outcome is any one of the numbers 00, 0, or 1? Why?
a. The expected value is $.
(Round to the nearest cent as needed.)
b. Since the expected value of the bet on the number 30 is
C
than the expected value for the bet that the outcome is 00, 0, or 1, the bet on
is better.
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pls help asap on both
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2
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If the attendance at a baseball game is to be predicted by the equation Attendance =
16,500-75 Temperature, what would be the predicted attendance if Temperature is 100
degrees?
Select one:
O 6,750
O 9,750
O 12,250
O 9,000
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Fast pls solve this question correctly in 5 min pls I will give u like for sure
Sini
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s ae o .co7 .0o 0.00m
1.000 2.000 .000 4.000 s.000 6.000 7 oos s.c00 s.c00.000
Oae 0e 3.000 4.000 s.000 .000 7 p00 .0000ce s0.000
1.000 2.000 3.000 4.000 6.000 6.000 7.000 8.000 9.000 10.000
(Figure: Market Supply Curve) The Accompanying graph contain individual supply curves for
the only two firms in a market. Which of the market supply curve is correct?
Graph D
O None of these options is correct.
O Graph C
O Graph B
O Graph A
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How many ways we can arrange the letters of word distribution
360 O
840 O
554400 O
604800 O
39916800 O
90720 O
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Typed plz and Asap thanks
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5
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Checking my answers.
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53. The Indiana University basketball team trails by twopoints with eight seconds to go and has the ball. Shouldit attempt a two-point shot or a three-point shot?Assume that the Indiana shot will end the game and thatno foul will occur on the shot. Assume that a three-pointshot has a 30% chance of success, and atwo-point shot has a 55% chance of success. Finally,assume that Indiana has a 55% chance of winning inovertime.
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r.edu/courses/97574/quizzes/357143/take
ch results - yaz...
Question 23
Consider the following probability distribution.
xi
0
M Question Mode: M...
1
2
3
O 2.5
0.9
O 1.9
P(X = xi)
O 1.5
0.1
The expected value is
0.2
0.4
0.3
Question 24
An analyst has constructed the following probability distribution for firm X's predicted return for
upcoming year.
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Questions . B
Solution. With explain
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Question 14
For a normally distributed variable with population mean=125 and s.d.-15, what score would have a
percentile rank in the 90th percentile (rounding to the nearest whole number)?
O 144
Ⓒ90
O 106
O not enough information
Question 15
For an exam that had a multiple choice section that was harder than you expected, without knowing
population mean or s.d., what is the probability you would like free points on the final question?
O 100%
Opick 100%
you should pick 100%
O I would pick 100%
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Total revenue is in dollars and x is the number of units.
Suppose that the total revenue function for a commodity is R = 36x - 0.02x.
(a) Find R(100).
Tell what it represents.
O 101 units produce this amount of revenue.
O The revenue increases by about this amount when the number of units is increased from 100 to 101.
O 100 units produce this amount of revenue.
O The actual revenue of the 100th unit is this amount.
O The revenue decreases by about this amount when the number of units is increased from 100 to 101.
(b) Find the marginal revenue function.
MR =
(c) Find the marginal revenue (in dollars per unit) at x = 100.
per unit
Tell what it predicts about the sale of the next unit and the next 3 units.
The sale of the next unit will --Select-- V the revenue by about $
The sale of the next 3 units will --Select--- V the revenue by about $
(d) Find R(101) - R(100).
Explain what this value represents.
O actual revenue from the 100th unit
O actual revenue from 100 units
O marginal revenue…
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Q72
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F2
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Typed plzzzzzx And Asap
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Im confused on how to complete this
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There are two players, 1 and 2. At the first stage,
player 1 chooses whether to play the
following simultaneous move game:
LR
U 2,2 0,0
D 0,0 4,4
If player 1 chooses "play" at the first stage, player
1 and 2 play the above simultaneous move
game; If player 1 choose "not play" at the first
stage, both players get the payoff of 3. How many
SPE does the game have?
O 1
O 3
O 4
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The range of probability is
O any value between -1 to 1
O any value between minus infinity to plus infinity.
any value larger than zero.
O zero to one.
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Two individuals
market. Bonnie
make up the auto insurance
drives well, and the
probability of her having an accident is 10%
this year. Lisa also drives carefully, and her
probability of having an accident is 5%.
What is the probability that Bonnie and Lisa
will both have accidents this year?
O a. 0.005%
b. 0.75%
c. 0.5%
d. 0.15%
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Typed plzzz And Asap
Thanks
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D3)
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QUESTION 8
Manager C
Effort Level
Chance of
Cost of
effort
success
High Effort
0.9
100,000
Routine
Effort
0.5
60,000
What is the minimum bonus that will entice high effort?
O 1. 40,000
2. 260,000
3. 300,000
4. 400,000
5. 520,000
O 6. 60,000
O 7. 100,000
8.0
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19
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Strictly Note ->( Provide solution for the last two parts [d and e])
Don't use ai and answer properly with proper solution and explanantion of for steps. please help me out Asap
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Quantity of Quarks
800
A
700
B
600
500
400
300
200
100
2 4 6 8 10 12 14 16 18 20
Quantity of Enrons
If new technology increases the output of enrons by 50%, how many enrons could be
produced if 600 quarks were produced?
18 enrons
20 enrons
15 enrons
10 enrons
No enrons
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4. Consider the situation in which player 1 knows what game is played (the first or the
second). But player 2 only knows that the first game is played with probability 1/3
and the second game is played with probability 2/3.
Player 1
Player 1
Player 2
S B
S 1,1 0,0
B
0,0 0,0
Player 2
S B
S 0,0 0,0
B 0,0 2,2
(a) Describe the game as a Bayesian game.
(b) Find the Bayesian Nash equilibria.
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. If you examine the decision tree in Figure 9.12 (orany other decision trees from PrecisionTree), you willsee two numbers (in blue font) to the right of each endnode. The bottom number is the combined monetaryvalue from following the corresponding path throughthe tree. The top number is the probability that thispath will be followed, given that the best strategy isused. With this in mind, explain (1) how the positiveprobabilities following the end nodes are calculated,(2) why some of the probabilities following the endnodes are 0, and (3) why the sum of the probabilitiesfollowing the end nodes is necessarily 1.
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17. Passports for all Canadians, regardless of age, are valid for 10 years.
O True
O False
18. Canadians intending to visit China require a passport that is valid for at least six months
beyond the date of the expected departure from the country.
Jhy
O True
O False
19. Children under 16 years of age are not required to have their own passport. Adding a child's
name to a parent's passport is sufficient.
O True
O False
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Related Questions
- Firm 1 Silence Disclosure Silence Firm 2 -200, -200 0, -590 Disclosure -590, 0 -450, -450 fine (a hundred million won) 1. Where is the Nash Equilibrium? - find out the dominant strategy a. (Silence, Silence) = (-200, -200) O b. (Silence, Disclosure) = (-590, 0) c. (Disclosure, Silence) = (0, -590) d. (Disclosure, Disclosure) = (-450, -450)arrow_forwardUse the following information to answer the next two questions: A service station has a pump that distributes diesel fuel to automobiles. The station owner estimates that only about 4.8 cars use the diesel pump every 2 hours. What is the probability that 5 cars will arrive to use this pump during a two-hour period? O 65.1% O 32.24% O 13.5% O 22.26% O 17.5% QUESTION 32 What is the probability that one or no cars will arrive to use the diesel pump during a half-hour period? O 4.77% O 49.3% O 66.26% O 30.12% O 36.14%arrow_forwardA5arrow_forward
- 53. The annual demand for Prizdol, a prescription drugmanufactured and marketed by the NuFeel Company,is normally distributed with mean 50,000 and standarddeviation 12,000. Assume that demand during each ofthe next 10 years is an independent random numberfrom this distribution. NuFeel needs to determine howlarge a Prizdol plant to build to maximize its expectedprofit over the next 10 years. If the company builds aplant that can produce x units of Prizdol per year, it willcost $16 for each of these x units. NuFeel will produceonly the amount demanded each year, and each unit ofPrizdol produced will sell for $3.70. Each unit of Prizdol produced incurs a variable production cost of $0.20.It costs $0.40 per year to operate a unit of capacity.a. Among the capacity levels of 30,000, 35,000,40,000, 45,000, 50,000, 55,000, and 60,000 unitsper year, which level maximizes expected profit?Use simulation to answer this question.b. Using the capacity from your answer to part a,NuFeel can be 95%…arrow_forwardTyped plz and asap thanksarrow_forwardWhen playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 30 or to bet $10 that the outcome is any one of the three possibilities 00, 0, or 1. 3 The gambler knows that the expected value of the $10 bet for a single number is - 53¢. For the $10 bet that the outcome is 00, 0, or 1, there is a probability of 38 of making a net profit of $30 and a probability of losing $10. 35 38 a. Find the expected value for the $10 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $10 bet on the number 30 or a $10 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $. (Round to the nearest cent as needed.) b. Since the expected value of the bet on the number 30 is C than the expected value for the bet that the outcome is 00, 0, or 1, the bet on is better.arrow_forward
- Fast pls solve this question correctly in 5 min pls I will give u like for sure Siniarrow_forwards ae o .co7 .0o 0.00m 1.000 2.000 .000 4.000 s.000 6.000 7 oos s.c00 s.c00.000 Oae 0e 3.000 4.000 s.000 .000 7 p00 .0000ce s0.000 1.000 2.000 3.000 4.000 6.000 6.000 7.000 8.000 9.000 10.000 (Figure: Market Supply Curve) The Accompanying graph contain individual supply curves for the only two firms in a market. Which of the market supply curve is correct? Graph D O None of these options is correct. O Graph C O Graph B O Graph Aarrow_forwardHow many ways we can arrange the letters of word distribution 360 O 840 O 554400 O 604800 O 39916800 O 90720 Oarrow_forward
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