Chapter 5In preparation for your discussion post, complete the following:•Research data on the U.S. uninsured population(https://aspe.hhs.gov/sites/default/files/private/pdf/265041/trends-in-the-us-uninsured.pdf B).• Choose one condition for your discussion post about an uninsured group. (Forexample, In 2019, 22% of Latine individuals under age 65 were uninsured, Figure 4p.6).For your discussion board post include all of the following:1. Suppose six individuals, within your criteria, are randomly selected. Show or explainyour thinking for each problem. (Note: This is a binomial probability from Section 5.2,they either have insurance or they do not.)A. Let having insurance be a success. State the values of your p, q, and n for yourchosen condition. Explain your thinking. (For my example, if 22% do not haveinsurance, then that is my q (failure) value, my p=0.78, q=0.22, n-6 (6 individuals arerandomly selected in this problem).B. Use excel or a T184 to determine the probability that all six have healthinsurance. Show your keystrokes, created tables, and/or work so we can easilyverify your responses.C. Use excel or a T184 to determine the probability that at least four have healthinsurance. Show your keystrokes, created tables, and/or work so we can easilyverify your responses.D. Use excel or a T184 to determine the probability that none of the individualshave health insurance. Show your keystrokes, created tables, and/or work so wecan easily verify your responses.2. What additional questions would you like to investigate about this data? Whatinterests or concerns you? Explain your thinking.

Given Information:In 2019, 22% of Latine individuals under age 65 were uninsured,

Answered: 1. Suppose six individuals, within your…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A buyer and a seller are bargaining over the sale of an object. The buyer knows that the seller values the object $0 with a probability of 0.25 and he values it $4 with a probability of 0.75. The seller knows that the buyer values the object either $1 or $5, each with a probability of 1/2. The table below shows what happens in each contingency Seller's value is $0 Seller's value is $4 Buyer's value is $1 Trade price is $1 NO TRADE Buyer's value is $5 Trade price is $p Trade price is $4 Find the interval for p such that The buyer with a valuation of $5 is not better-off reporting $1 The seller with a valuation of $0 is not better-off reporting $4. In blank 1 enter the lower value. In blank 2 enter the upper value.
For the experiment of rolling an ordinary pair of dice, find the probability that the sum will be 10 or 3. (You may want to use a table showing the sum for each of the 36 equally likely outcomes.) The probability that the sum of the pair of dice is 10 or 3 is (Simplify your answer.)
Your car is making a funny noise. You believe that the problem is either with the wheel or the axle, and you believe the probability is 0.3 that the wheel needs to be replaced, and 0.7 that the axle needs to be replaced. You need to decide whether to replace the wheel or the axle first. The cost of each alternative is given in the following table (if you decided to replace the wrong part first, you have to replace both of them). The Wheel is broken p = 0.3 The Axle is broken p = 0.7 Replace Wheel First Replace Axle First 600 1500 1500 900 a) Find the EV of each decision alternative. Which part should you replace first? b) What is the EVPI?
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I missed my lecture today and i have no idea how to solve this problem.
Activity #4: PROBABILITY Read and analyze the problems, show your solution, and box the answer. 1. What would be the probability of a. picking a black card at random from a standard deck of 52 cards? b. picking a face card (i.e. a king, queen, or jack)? c. not picking a face card? 2. What is the probability of rolling, on a fair dice: a. a 3? b. an even number? c. zero? d. a number greater than 4? e. a number lying between 0 and 72 f. a multiple of 3 given that an even number was drawn? 3. A standard deck of playing cards is well shuffled and from it, you are given two cards. You can have 0, 1, or 2 aces: three possibilities altogether. So, the probability that you have two aces is equal to 1/3. What is flawed about this argument? 4. You shuffle a deck of playing card, and then start turning the cards one at a time. The first one is black. The second one is also a black card. So is the third, and this happens up to the 10th card. You start thinking, "the next one will likely be red!"…
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