Consider two lotteries. Lottery A is such that an individual receives a prize of 1 unitof a consumption good with 80% probability and 100 units of the consumption good with20% probability. Lottery B presents the winner with a prize of 10 units of a consumptiongood with 99% probability and a prize of 1090 units of the consumption good with 1%probability. 1. Calculate the expected value of the consumption prize in each lottery.2. Calculate the variance of consumption for each lottery.

HERE prepare table for each lottery Consider two lotteries. Lottery A is such that an individual…

Answered: 1. Calculate the expected value of the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

2 part Q
C. Test statistics D. Make a decision
The table compares what Plainfield College students did after graduating with a bachelor's degree in 1992, 1998, and 2003. A graphical display of the conditional distributions of what students did after graduation by year is given. Does this study present any evidence that postgraduation plans have changed over this 11-year period? Explain. Choose the best answer below. A. Yes. There is evidence that the percentage of Plainfield College graduates continuing their education and entering the work force directly after receiving a bachelor's degree has increased from 1992 to 2003. B. No. The percentage of Plainfield College graduates continuing their education has increased from 1992 to 2003. Likewise, the percentage of graduates entering the work force directly after receiving a bachelor's degree appears to have decreased from 1992 to 2003. However, this is not sufficient evidence to show any change due to the fact that the number of students graduating has increased over this same…
The table shows the annual compensation of 40 randomly chosen CEOs (millions of dollars). (a) Select the correct histogram for the above data.(b) Describe the shape of the histogram.(c) Identify any unusual values.
WFC Average St. Dev. Min 0.65% 10.26% -28.99% Мах 27.51% 25. Based on the table above, what is the probability of losing -7% or more for WFC? A. 0.07 B. 0.14 C. 0,23 D. 0.29 %3D E. 0.31 26. If you have $200,000 invested in WFC, what is the dollar value of VaR of losing -7% or more? A. $14,000 B. $28,000 C. $46,000 D. $58,000 E. $62,000 27. Based on the table above, there is 30% chance that your losses for WFC will be greater than A. -0,30% B. 2.15% C. 4.73% D. 7% E. -14% 28. Based on the table above, there is 30% chance that your dollar losses for WFC will be greater than if you have $200,000 invested in ti? A. -S600 B. $4,300 C. -$9,460 D. -$14,000 E. S28,000
A teacher believes that the third homework assignment is a key predictor in how well students will do on the midterm. Let x represent the third homework score and y the midterm exam score. A random sample of last terms students were selected and their grades are shown below. Assume scores are normally distributed. HW3 Midterm 6.1 37.359 23 75.37 18.9 73.391 24.9 79.531 21.9 77.961 23.8 78.122 20.6 73.114 22.6 73.494 8.4 46.396 6.6 38.454 10.7 50.433 21 77.99 22.1 76.399 6 41.14 22.4 73.056 14.1 58.879 9.9 48.681 15 58.85 19.3 69.267 18 72.42 Round answers to at least 4 decimal places. a) Calculate the correlation coefficient. r= Perform a hypothesis test to see if the correlation is statistically significant. What is the p-value? b) Find the regression equation y^ = Predict the exam score for a student that scored 26.9 on their third homework assignment. c) Interpret the slope coefficient. For 2.2342 additional points on…
Because variance divided by the sample size gives you the estimated standard error, as the sample size ______, the estimated standard error will ______. a. increases ; decrease b. decreases ; decrease c. increases ; increase d. decreases ; increase
79% of U.S. adults think that political correctness is a problem in America today. You randomly select six U.S. adults and ask them whether they think that political correctness is a problem in America today. The random variable represents the number of U.S. adults who think that political correctness is a problem in America today. Answer the questions below. 1.mean of the binomial distribution= 2.varience of the binomial distribution= 3.standard deviation of the binomial deviation=
Select the correct choice (i, ii, or iii) for each a, b, c, d, and fill in any answer boxes in your choice below. (Round to one decimal place as needed.) i. x ≤ ___ % ii. x ≥ ___% iii. ___% ≤ x ≤ ___%
Statistics students in Oxnard College sampled 11 textbooks in the Condor bookstore and recorded the number of pages in each textbook and its cost. The data are shown below: Number of Pages (xx) Cost(yy) 936 129.68 971 124.23 458 62.54 487 73.31 647 97.11 648 98.24 869 115.97 774 113.62 426 61.38 671 91.23 658 83.54 A student calculates a linear model using technology (Statistics Calculator or Computer)ˆyy^ = xx + . (Please show your answers to two decimal places)Use the model to estimate the cost when number of pages is 583.Cost = $ (Use the linear model with yor rounded coefficients and then round your answer to 2 decimal places.)
Does a statistics course improve a student's mathematics skills,as measured by a national test? Suppose a random sample of 13 students takes the same national mathematics exam prior to enrolling in a stats course and just after completing the course. At a 1% level of significance determine whether the scores after the stats course are significantly higher than the scores before. Take the differences = before - after. Before After430 465485 475520 535360 410440 425500 505425 450470 480515 520430 430450 460495 500540 530 What type of alternative hypothesis is appropriate for this research question? Locate student 9 in the dataset. What rank will be given to this student? What is the value of the test statistic, T? Give answer to 1 decimal place What is the critical value for the study? (Hint: student 10 will be dropped from the analysis, since the scores are the same before and after the stats…
coffee extraction One student dissolved 20mg of caffeine in 20mL of water. The student carried out two extractions using 20mL of dichloromethane in each. Caffeine solubility in water: 2.17g / 100mL at 25C Caffeine solubility in dichloromethane: 10.0g / 100mL at 25C a. Determine the distribution coefficient. b. Determine the amount of caffeine obtained in the first extraction. c. Determine the amount of caffeine obtained in the second extraction. d. Determine the total amount of caffeine extracted during the entire process. e. Determine the percent recovery.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

1. Calculate the expected value of the consumption prize in each lottery. 2. Calculate the variance of consumption for each lottery.