7. The following table gives the payoffs of the acts A, B, C and the states of nature P, Q,R. The probabilities of the states of nature are 0-2, 0-3 and 0-5 respectively. Calculate the ExpectedMonetary Values (EMV) and select the best act :States of NatureActsBC- 300- 500200- 100250300300500600

Answered: Image /qna-images/answer/c14badbd-f322-42c3-be17-37d39d7b26c5.jpg

Answered: 7. The following table gives 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

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4. The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 700 tickets. There is one $2,000 grand prize, three $400 second prizes, and twelve $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
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K There is a 0.9986 probability that a randomly selected 32-year-old male lives through the year. A life insurance company charges $189 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 32-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.)
73. Jake took math last semester. The table below shows what portion of the grade was for each component (weight) and the second line is Jake's individual percent he scored. Determine his final grade (expressed as a percentage) in the class using expected value. Exam 1 Exam 2 Classwork Homework 15% Presentation Final 15% 25% Weight Jake's Score 15% 20% 10% 72% 88% 91% 77% 85% 83%
C. Determine how much the firm would be willing to pay to a market research firm to gain better information about future market conditions. 10. An investor must decide between two altemative investments-stocks and bonds. The return for each investment, given two future economic conditions, is shown in the following payoff table: Economic Conditions Investment Good Bad Stocks S10,000 S-4.000 Bonds 7.000 2,000 What probability for each economic condition would make the investor indifferent to the choice between stocks and bonds? 11.In Problem 5, Ann Tyler, with the help of a financial newsletter and some library research, has been able to assign probabilities to each of the possible interest rates during the next year, as follows:
An investor is looking at past trends for three plans comparing dividends paid per share. She collects sample data from each plan to compare the average dividends paid per share. Let ? = 0.05. Plan 1 Plan 2 Plan 3 1.28 1.00 0.35 1.55 1.19 1.15 1.86 1.25 0.15 1.95 3.17 1.00 0.75 1.46 0.30 2.68 0.60 0.61 2.03 1.31 1.04 Groups Count Average Variance Plan 1 7 1.728571 0.375514 Plan 2 7 1.425714 0.667762 Plan 3 7 0.657143 0.164724 Source of Variation Sum of Squares df Mean Squares F P F crit Between Groups 4.2709 2 2.1354 5.3033 0.0155 3.5546 Within Groups 7.2480 18 0.4027 Total 11.5189 20 (a) What is the next step in the one-way ANOVA? There is not enough information, so collect more data.Stop, the results were not significant. The Tukey-Kramer post hoc test is not needed. Stop, the results were significant. The Tukey-Kramer post hoc test is not needed.Continue to the Tukey-Kramer post hoc test, as the results were…
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $12. If you roll a 3, 4 or 5, you win $5. Otherwise, you pay $6.a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. X P(X) b. Find the expected profit. $ (Round to the nearest cent)c. Interpret the expected value. This is the most likely amount of money you will win. You will win this much if you play a game. If you play many games you will likely win on average very close to $2.50 per game. d. Based on the expected value, should you play this game? Yes, since the expected value is 0, you would be very likely to come very close to breaking even if you played many games, so you might as well have fun at no cost. No, this is a gambling game and it is always a bad idea to gamble. Yes, since the expected value is positive, you would be very likely to come home with more…
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 ≤ ___%
Refer to the following payoff table: State of Nature Alternative S1 S2 A1 75 −40 A2 0 100 Prior Probability 0.6 0.4 There is an option of paying $100 to have research conducted to better predict which state of nature will occur. When the true state of nature is S1, the research will accurately predict S1 60% of the time. When the true state of nature is S2, the research will accurately predict S2 80% of the time. What is the posterior probability of S1 given that the research predicts S1? Multiple Choice: 0.18 0.82 0.57 0.44 0.65
A study was done to look at the relationship between number of movies people watch at the theater each year and the number of books that they read each year. The results of the survey are shown below. Movies Books 5 4 5 9 7 8 4 8 6 11 7 6 a. Find the correlation coefficient: r = b. The null and alternative hypotheses for correlation are: Ho: ?v = 0 H₁: 20 The p-value is: 5 4 6 8 9 11 9 6 3 4 d. 7² Round to 2 decimal places. c. Use a level of significance of a = 0.05 to state the conclusion of the hypothesis test in the context of the study. Round to 4 decimal places. O There is statistically significant evidence to conclude that a person who watches fewer movies will read fewer books than a person who watches fewer movies. = O There is statistically significant evidence to conclude that there is a correlation between the number of movies watched per year and the number of books read per year. Thus, the regression line is useful. O There is statistically significant evidence to conclude…
A certain game involves tossing 3 fair coins, and it pays 13¢ for 3 heads, 6¢ for 2 heads, and 2¢ for 1 head. Is 6¢ a fair price to pay to play this game? That is, does the 6¢ cost to play make the game fair? The 6¢ cost to play is not a fair price to pay because the expected winnings are (Type an integer or a fraction. Simplify your answer.) c.
A8 Q3

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