A) Determine the daily expected value of the new machine. B) Determine the yearly value of the new machine. 4. Suppose that our company performs DNA analysis for a law enforcement agency. We currently have twomachines that are essential to performing the analysis. When an analysis is performed, the machine is in use forhalf of the day. Thus, each machine can perform at most TWO DNA analyses per day. Based on past experience,the distribution of analyses needing to be performed on any given day are as follows: (Fill in the table first.)Jobs12345678 or moref(x)0.020.060.090.120.150.180.160.090.13We are considering purchasing a third machine. For each analysis that the machine performs, we profit $1500. Whatis the yearly expected value of this new machine? (Assume 365 days per year- no weekends or holidays.)

Given that Jobs 0 1 2 3 4 5 6 7 8 or more f(x) 0.02 0.06 0.09 0.12 0.15 0.18 0.16 0.09 0.13…

Answered: 4. Suppose that our company performs…

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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Corn crop yields vary by state. In 2008, IOWA averaged 172 bushels/acre. On September 3, 2009, the published market price per bushel was 319.25 cents/bushel. Jimmy Harold is analying a heavily leveraged purchase of some additional acreage, and his decision to purchase is based on the expected yield during his first crop year. After analyzing historical rainfall and long range weather forecasts, Jimmy compiled the following table of crop yields. rainfail yield(bu/acre) probability below average 154 0.15 average 172 0.4 above average 177 0.45 What is the expected corn crop yield, E[Y] based on the data in Jimmy's? E[Y] = (to 2 decimal places).
Need help with the last one please!
.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.
The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interested in the expected number of audits a person with that income has in a 16-year period. Assume each year is independent. Part (a) Part (b) List the values that X may take on. X=0, 1, 2,..., 15, 16 OX= 1, 2, 3, OX= 1, 2, 3, OX=1,2,3,... 15, 16 98, 99, 100 Part (c) Give the distribution of X X-B 0.02 □ Part (d) How many audits are expected in a 16-year period? (Round your answer to two decimal places.) 0.32 audits Part (e) Find the probability that a person is not audited at all. (Round your answer to four decimal places.) Part (1) Find the probability that a person is audited more than twice. (Round your answer to four decimal places.)
Urgent Care is organized in to 4 department: Registration (Reg), Waiting (Wait), Treatment (Treat), and Payment & Check Out (PCO). For all patients who receive treatment at the Urgent Care, the expected time (in minutes) per patient needed in each of the departments: Reg. Wait. Treatment PCO 10 15 30 3 or 2 All patients enter and register at the registration cubicle. After registering, 10% of the patients walk out without waiting and seeing the physician for treatment. However, still they have to walk through the PCO & return the admissions slip. These patients need only 2 min at PCO (instead of 3 min). No waiting and treatment time for patients who walk out. Simulate the total time spent in the Urgent care for the first patient. Total time spent by Patient 1 at the Urgent Care is . RN: 0.05 Hint: Need to check (simulate) whether a patient, after registering( 10 min), walks out or not. O 2 min O 12 min O 10 min O None of these
Discuss two extensions to the original GARCH (p,q) model and explain additional characteristics of financial data they might be able to capture.
21 The Ebola virus has an infection rate of 11% per day as compared to the SARS virus, which has a rate of 4% per day. If there were one case of Ebola and 30 cases of SARS initially reported to authorities and cases are reported each day, which statement is true? At day 10 and day 53 there are more Ebola cases. (2) At day 10 and day 53 there are more SARS cases. (3) At day 10 there are more SARS cases, but at day 53 there are more Ebola cases. (4) At day 10 there are more Ebola cases, but at day 53 there are more SARS cases.

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