All foreseen events are past foreseeable events, but not all foreseeable events will be foreseen events. True False
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A:
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All foreseen events are past foreseeable events, but not all foreseeable events will be foreseen events.
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- A decision is an act of influencing people. True FalseResidents of certain states, such as Florida and Tennessee would be wise to add sinkhole insurance to their homeowner’s insurance plan as it is typically not covered in the standard policy. Group of answer choices True FalseA classical decision model describes decision making within a limited information and alternatives. True False
- Which of these liens is most likely to be the senior lien? a mortgage lien a home equity loan lien a property tax lien a mechanic's lienSenior executives at an oil company are trying to decide whether to drill for oil in a particular field. It costs the company $750,000 to drill. The company estimates that if oil is found the estimated value will be $3,650,000. At present, the company believes that there is a 48% chance that the field actually contains oil. Before drilling, the company can hire an expert at a cost of $75,000 to perform tests to make a prediction of whether oil is present. Based on a similar test, the probability that the test will predict oil on the field is 0.55. The probability of actually finding oil when oil was predicted is 0.85. The probability of actually finding oil when no oil was predicted is 0.2. What is the EMV if the company hires the expert?Kenyi is a recent college grad. His friends always ask for his advice first when buying new products, particularly technology products. When Kenyi recommends a product, the news spreads rapidly by word of mouth. Kenyi is most likely
- A category of economic risk is: Liability risk Personal risk Property Risk All of the answers are correct None of the answers are correctFrom a risk management perspective, what are possible interpretations of 'probability'?Fill in the P(X=x) values to give a legitimate probability distribution for the discrete random variable X, whose possible values are -3, 0, 4, 5, and 6. Value x of X P (X = x) -3 0 0.23 5 0.17 6 0.30
- Identify at least four risks that could jeopardize a wedding party and a response plan for each of the risks.The American Association of Individual Investors conducts a weekly survey of its members to measure the percent who are bullish, bearish, and neutral on the stock market for the next six months. For the week ending November 7, 2012 the survey results showed 38.5% bullish, 21.6% neutral, and 39.9% bearish (AAII website, November 12, 2012). Assume these results are based on a sample of 300 AAII members. a. Over the long-term, the proportion of bullish AAII members is .39. Conduct a hypothesis test at the 5% level of significance to see if the current sample results show that bullish sentiment differs from its long-term average of .39. What are your findings? Ho: p-Select your answer - Ha: p -Select your answer - p-value - Select your answer- Conclusion: - Select your answer - b. Over the long-term, the proportion of bearish AAII members is .30. Conduct a hypothesis test at the 1% level of significance to see if the current sample results show that bearish sentiment is above its long-term…Which experimental method involves randomly assigning participants to one of two groups in order to collect data and compare the performance of two distinct options? This method has been emphasized in various tech companies (e.g., Amazon, Netflix, Rent the Runway), and it is an useful method for uncovering causality between variables. Most tech companies heavily use this method for their data analytics process. Multivariate testing Bucket testing Web usability testing A/B testing Conjoint analysis