ProbabilityAn educational entrepreneur is planning to runa computer course. He has narrowed down hisoptions to two courses : CUR and FUT. CUR isbased on the existing software packageswhereas FUT is based on new packages whichare expected to storm the software market inthe near future. In consultation with softwarespecialists he has arrived at the followingestimates :(i) Probability of getting a return of dollar 5crore is 0-6 for FUT and 0-2 with CUR.(ii) FUT's return could be as low as dollar 40lakh with a probability 0.4 and thecorresponding probability for CUR is 0-8.(iii) FUT will cost him dollar 1 crore and CURonly dollar 30 lakh.Using EMV obtain the optimum strategy.

Answered: Image /qna-images/answer/c13ec49a-4bc7-48ec-bea8-1db66f9b41c8.jpg

Answered: An educational entrepreneur is planning…

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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Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 64 stocks traded on the NYSE that day showed that 24 went up.You are conducting a study to see if the proportion of stocks that went up is significantly more than 0.3. You use a significance level of α=0.01α=0.01.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is... less than (or equal to) αα greater than αα This test statistic leads to a decision to... reject the null accept the null fail to…
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