In an experiment, there are two boxes. Each box contains balls as shown in Table 2. The event is two select a box randomly and select a ball from the selected box. If the probability of selecting the first box is 0.3, then Calculate the i) Conditional probability distribution and density function. ii) Probability density and distribution functions. iii) Sketch the obtained functions. Ball Box colour number 12 Table 2 Red 10 50 Blue 20 40 White 50 30
Q: Please correct answer and step by step solution
A: Step 1: Determine equilibrium quantity and priceThe equilibrium is where the quantity demanded…
Q: 2. Money aggregates Identify whether each of the following examples belongs in M1 or M2. If an…
A: Money aggregates are classifications of money based on its liquidity. M1 and M2 are two commonly…
Q: An economy is operating with output $200 billion above its natural level, and fiscal policymakers…
A: To determine the required change in government spending to close the expansionary gap, we can use…
Q: Imagine you are an economist working for the Government of Econville. You are tasked with developing…
A: The Breusch-Pagan test can be used to check for the possibility of heteroscedasticity in your…
Q: 3. Consider the same game as in the previous question and suppose both firms choose between three…
A: For Part a):-Since δ = 1, the firms do not discount future payoffs, and the game is essentially a…
Q: Do not use chatgpt.
A: If the planned aggregate expenditure is less than real GDP, it means that companies are producing…
Q: am. 181.
A: Approach to solving the question: Step 1: Define the Key Variables and Initial Investment.The…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Budget Constraint: This is the total amount of money Mauricio has to spend on monkeys and unicycles.…
Q: Sinking fund is a fund containing money set aside or saved to pay off a debt or bond, according to…
A: Total Future Value of Sinking FundTotal FV=10,368+6,912+4,320+2,400 Total FV=24,000 Amount Needed to…
Q: c) The Selangor state government is seeking a proposal to take over the maintenance of dilapidated…
A: 1) 0+5.463+5.573/2.8+5.463+2.832)0+5.463+5.573/7.67
Q: The graph illustrates the market for tomatoes. Suppose that tomato growers use a chemical to control…
A: Here's the graph illustrating the market for tomatoes:Point 1 (red dot) indicates the Marginal…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Approach to solving the question:The questions were answered by researching well-documented…
Q: Don't use Ai
A: Given the graph, There is only one indifference curve, which means the utility is 200 utils…
Q: Do not use chatgpt.
A: When market price is $2, Quantity supplied by seller 1 = 1Quantity supplied by seller 2 = 0Quantity…
Q: י The diagram at right shows the structure of cost and demand facing a monopolistically competitive…
A: 1. Profit-maximizing output level: The profit-maximizing output level is where the marginal revenue…
Q: Please original work Sheryl Sandburg is one of the best-known women in business today. Her…
A: Sheryl Sandberg, renowned as the COO of Meta (formerly Facebook) and author of the influential book…
Q: Please correct answer and don't use hand rating
A: Among the options provided, the most significant problem with the use of monetary policy in the real…
Q: None
A: There is a recessionary gap since the economy is contracting. This indicates that the economy is not…
Q: Classify the following markets as perfectly competitive, monopolistic, or monopolistically…
A: In economics, there are three main types of market structures: perfect competition, monopoly, and…
Q: econometrics questiondc
A: Exercise 1.3 (a) Represent this situation as a game-frame.We can represent this three-player game as…
Q: Please help me find the solutions for thia problem
A: Step 1:(a)The decision to be made is the type of service to provide.The chance event is the…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A:
Q: None
A: Step 3: Differentiate the total product (TP) to find the MP (if applicable)If we assume that the TR…
Q: not use ai please
A: To find the elasticity of demand, we need to use the formula for elasticity of demand…
Q: [3%] 4. Consider the two-player game shown in the table below. Player 1 chooses between four…
A: (b) Identify any pure strategy Nash equilibria of the simplified game derived in part (a).Nash…
Q: not use ai please
A: Cash Flow DiagramsEquipment AInitial Investment: $2,000 (Outflow)Annual Net Cash Inflows: $1,100 for…
Q: How many goals for sustainable development (SDGs) are there? Question 8Answer a. 17 b. 15 c.…
A: The Sustainable Development Goals (SDGs) are the bunch of goals adopted by the United Nations in…
Q: alculate the amount that a school district would get in grant funding from a state under the…
A: To calculate the grant funding from the state under the given grant regimes, we need to use the…
Q: MONEY IN THE ECONOMY ($billions) Currency held by the public = $1,000 Demand Deposits = $3,000 Other…
A: Correct answer:C) $4,000 billion Here's how to calculate the M1 money supply based on the given…
Q: Do not use Ai and chatgpt please.
A: 1. Long-Run Aggregate Supply (LRAS) Curve:• Slope: The LRAS curve is vertical, indicating that in…
Q: Price 26 24 MC 22 20 18 16 14 12 10 8 6 4 2 0 012 Regulated price D MR Quantity 5 6 7 8 9 10 11 12…
A: 1. Monopoly Firm Graph AnalysisBased on the graph provided:(a) Unregulated Monopoly Price:- An…
Q: Please correct answer and step by step solution
A: Normal Goods: These are goods for which demand increases as income increases. Stephen's income has…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Approach to solving the question: To address the impact of increased foreign economic prosperity on…
Q: None
A: Understanding the Average Total Cost (ATC)The average total cost is a measure of the cost per unit…
Q: Please correct answer and don't use hend raiting
A: 1. Equilibrium Amount Following LegitimationIt is anticipated that as cannabis becomes legal, both…
Q: None
A: Part b: Pure Strategy Nash EquilibriaA Nash Equilibrium is a set of strategies where no player can…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
A: • A higher price for raspberries increases revenue for raspberry farmers in Oregon, impacting the…
Q: None
A: The bike with the highest global priority value is Bike A with a priority of 0.5057.
Q: Maximizing Profits The weekly demand for the Pulsar 40-in. high-definition television is given by…
A: Step 1: Step 2: Step 3: Step 4:
Q: As level of investment increases, expected rate of returns from investment: increases. O can't…
A: As level of investment increases, expected rate of returns from investment decreases. This is…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Impact of the Legislation:The legislation is expected to lead to increased investment in R&D,…
Q: Do not use Ai.
A: Personal Trade-Off: Time and IncomeOne significant trade-off I faced recently was deciding between…
Q: Don't use chatgpt
A: In simple terms, regression analysis helps predict what's likely to happen and evaluate the…
Q: Use the FED rule of thumb to predict the feds Target for the federal funds rate and the real Target…
A: We can calculate the FED federal funds rate and real target interest rate using the Taylor Rule. It…
Q: A firm uses oil to make plastics and the oil must be delivered every two weeks to keep production…
A: 1. Contract Purchasing**Pros:**- **Predictability and Stability**: Contracts can secure a steady…
Q: 24. Which type of cognitive model is often used in Gabrieli's research? a) Computational - b)…
A: John Gabrieli uses neuroanatomical models in most of his investigations to understand the brain's…
Q: f Question 2: Show the effect of the following transactions of May 2021 on the accounting equation:…
A: To complete this table, you need to analyze each transaction's impact on the accounting equation:…
Q: Suppose that Sam’s utility function is not reference-dependent but varies with ownership. When he…
A: To solve this problem, we need to calculate the maximum price Sam would be willing to pay for a…
Q: variable fixed cost cost average total cost variable cost marginal total revenue marginal total cost…
A: Step 1: A. To find the profit-maximizing quantity, we need to look at the "total profit" column in…
Q: Main points in a discussion topic on: To save American textile jobs, Congress should put a quota on…
A: In the ongoing debate about saving American textile jobs, a proposed solution is for Congress to…
Step by step
Solved in 2 steps with 3 images
- Suppose the market for auto insurance is made of up two types of buyers: high-risk and low-risk. Buyers’ willingness to pay (WTP) for auto insurance plans, and sellers’ willingness to accept (WTA) when selling plans to each type of buyer, are outlined in a photo Assume now that there is asymmetric information and that insurance companies do not knowhow risky an individual buyer is. In the face of this uncertainty, they determine that the probability that a “walk-in” is high-risk is 0.75. What is the minimum price sellers are willing to accept when selling aninsurance plan? At this price, will low- and high-risk buyers both be willing to purchase this insurance plan? Explain. Be sure the mention adverse selection in your answer. Returning to the conditions outlined in Q1, suppose that buyers of auto insurance (high- and low-risk) were offered a $1,000 subsidy to purchase coverage. This would raise their WTP by $1,000. Would the market for both insurance plans clear after the…2Refer to Table 3.10.What is the joint probability of “low income” and “regular”?
- a. Consider the Oakdale Furniture Company described in the given problem. Under what circumstances might the major portion of the usage of the glue be predictable?b. If the demand were predictable, would you want to use a probability law todescribe it? Under what circumstances might the use of a probability model of demand be justified even if the demand could be predicted exactly?According to a recent Wall Street Journal article, about 2% of new US car sales are electric vehicles (data from Edison Electric Institute reported by Jinjoo Lee, "Peak Oil? Not This Year. Or This Decade," January 9, 2021 pg. B12). Suppose a company has 111 employees who drive new cars (separately) to work each day. What is the probability that at least one of them will drive an electric car? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Explanation sir and tees ams
- Refer to Table 3.10.What is the joint probability of “middle income” and “never”?Please no written by hand solution Kate recently invested in real estate with the intention of selling the property one year from today. She has modeled the returns on that investment based on three economic scenarios. She believes that if the economy stays healthy, then her investment will generate a 30 percent return. However, if the economy softens, as predicted, the return will be 10 percent, while the return will be -25 percent if the economy slips into a recession. If the probabilities of the healthy, soft, and recessionary states are 0.6, 0.2, and 0.2, respectively, then what are the expected return and the standard deviation of the return on Kate❝s investment? Calculate the coefficient of variation for this investment. (Round expected return to 3 decimal places, e.g. 0.125 and round intermediate calculations and standard deviation to 5 decimal places, e.g. 0.07680.)5.100 Tossing a die. You are tossing a balanced die that has probability 1/6 of coming up 1 on each toss. Tosses are independent. We are interested in how long we must wait to get the first 1. (a) The probability of a 1 on the first toss is 1/6. What is the probability that the first toss is not a 1 and the second toss is a 1? (b) What is the probability that the first two tosses are not 1s and the third toss is a 1? This is the probability that the first 1 occurs on the third toss. 4 (c) Now you see the pattern. What is the probability that the first 1 occurs on the fourth toss? On the fifth toss?
- The U.S. Census Bureau serves as the leading source of quantitative dataabout the nation's people and economy. The following crosstabulationshows the number of households (1000s) and the household income by the highest level of education for the head of household (U.S. Census Bureau website, 2013). Only households in which the head has a high school diploma or more are included. a. Develop a joint probability table.b. What is the probability of the head of one of these householdshaving a master's degree or more education?c. What is the probability of a household headed by someone with ahigh school diploma earning $100,000 or more: d. What is the probability of one of these households having anincome below $25,000?e. What is the probability of a household headed by someone with abachelor's degree earning less than $25,000?f. Is household income independent of educational level?Brain tumors in children are rare: the base rate is only about 1/10,000. A child with a tumor is very likely to have occasional headaches: 99 out of 100 do. But there are many other reasons a child can have a headache: of those who do not have a tumor, 1 in 10 have occasional headaches. 1. Given that a child has occasional headaches (H), what it the probability that he or she has a brain tumor (T)? Show your work. 2. Name a behavioral bias that may occur when estimating the probability that your child has a brain tumor. Would this bias lead to under-or-overestimate that probability? Explain. 3. Among children with headaches (H), 999/1000 will ultimately be fine (F). Suppose that a physician using a simple test can correctly determine whether the child is fine or not in 95/100 of children with headaches. Given that the doctor after performing the test gives the patient a green light (G), what is the probability that the child really will be fine? Show your work.. Page 1 of 1 175 words…Suppose that a family has 4 chilidren. Also, suppose that the probability of having a boy is Find the probability that the family has at least 3 boys. The probability that the family has at least 3 boys is (Type an integer or a simplified fraction,)