1. What is the probability that an arrival to an infinite capacity 4 server Poison queueing system with λ/μ = 3 and Po = 1/10 enters the service without waiting?
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- .A new, miracle diabetes drug that diminishes major symptoms of diabetes has been approved by the FDA. Health care professionals and researchers believe that the new drug will prolong lifespan of diabetes patients. If the population is in steady state and the incidence is constant, what will the effect of this new drug be on the prevalence of diabetes in the population? Explain.Consider the following panel model to examine the effect of retirement on consumption expenditure, consit, of individual i over years t=1,…,3: (B1) log(consit) = β0 + β1retiredit + β2ageit + β3marriedit + β4healthit + δ1Yr2t + δ2Yr3t + ai + uit Where: retiredit is a dummy variable equal to 1 if individual i is retired on year t and 0 otherwise ageit is the individual's age in years marriedit is an indicator variable for whether the individual is married (1) or not (0) in year t healthit is an indicator variable equal to 1 if the individual is in 'good health' and 0 otherwise Yr2 is a dummy variable equal to 1 in year t=2 and 0 otherwise Yr3 is a dummy variable equal to 1 in year t=3 and 0 otherwise Using the information above, answer the following 3 questions. [i] Give two (2) examples of the kind of variables captured by the term ai in Model (B1). [ii] What is the crucial assumption we must make so that the random effects (RE) estimator is consistent? Under this assumption, why is…1. Suppose we have a random sample X₁, X2, ..., Xn from an Exponential distribution with mean 1/A. Suppose we want to estimate the mean 1/A. One estimator for 1/X is T₁ = X. Of interest is to note that the minimum of X₁, X2,..., Xn, say X(1), has an Exponential distribution with mean (n)-¹. (a) Show that T₁ is an unbiased estimator of 1/A. (b) Find the constant a such that T₂ = aX(1) is an unbiased estimator of 1/X. (c) Since T₁ and T₂ are both unbiased we prefer the estimator with smaller variance. Which of the estimators T₁ and T₂ would you choose for estimating the mean 1/X?
- 2A grasshopper hops between three flowers, labelled 1, 2, 3. It starts from flower 1. Once it arrives at a flower, it sits there for a period of time distributed exponentially with parameter 2. Then it makes a jump, as follows: if it is located on flower 1, it jumps to 2 or 3 with equal probability; if it is located at 2, it jumps to 3, and if it is at 3, it jumps to 2. (a) Model the grasshopper using a continuous-time Markov chain. Find the states, the initial distribution and the jump rates! (b) What is the probability that at time t the grasshopper will sit on the third flower?ASIACELL LTE 5:51 PM 36% A cis.turath.edu.iq 2 of 6 Determine the Domain •B. and the Ran ge of the Fallowing fun etions 1. Fux = 6x+ 2 2 Faw = x²- 2x + 6 3. Fer)= -| + 2x - x? 4. F&) = X - 3X x²- 3x² - 5 x + 15 5. hcx)z 2K + 6 X -4 X - 12 NB. Solving s Graphing the functions are required A. Find fo llow ing Functions the inuerse of the
- 5. You invest to maximize utility: U = a, -A o. You have an information ratio of 0.5, and a risk aversion parameter, 2, of 12 (in decimal units per year). So, for example, an alpha of 3%, and a risk of 5%, would lead to utility of zero.6.7. Prove or disprove that the following function is a cumulative distribution function (cdf). If the function is a cdf, is the random variable continuous or discrete? Why? (Note: This is a special case of a logistic distribution.) Fx(x)= 1 1+ e-z -∞<<∞.
- In time-series decomposition, seasonal factors are calculated by Multiple Choice O O O O O SFt (Y) (CMA). SFt= Y/CMAt (CMA+) x (SFt) =Yt. SFt = Yt - CMAt. None of the options are correct.Consider an investor borrowing at the risk free rate and investing a share of his wealth greater than one in the market portfolio. The beta of this investor’s portfolio is Equal to one Smaller than one Larger than one Equal to zeroA problem that occurs with certain types of mining is that some byproducts tend to be mildlyradioactive, and these products sometimes get into our freshwater supply. The EPA has issuedregulations concerning a limit on the amount of radioactivity in supplies of drinking water.Particularly, the maximum level for naturally occurring radiation is 5 picocuries per liter ofwater (on average). A random sample of 24 water specimens from a city’s water supply gave ̄x= 4.61 and s = 0.87. Do these data provide sufficient evidence to indicate that the meanlevel of radiation is safe (below the maximum level set by the EPA)? Test usingα= 0.05.