What is P(S| W)? In Grocerytown there are seven supermarkets.•Past research has shown that out of 100 typical customers shopping in person at noon onMonday:5 are shopping at store 120 at store 2О5 at store 3о25 at store 4○15 at store 5○10 at store 620 at store 7Stores 1,4 and 6 are Safeway stores.Stores 2, 3, 5 and 7 are Whole Foods stores.•Stores 2, 4 and 7 are located downtown.•••Assume that one customer is chosen at random and that a customer only shops at onestore. (We are talking about physical shopping at the store at a particular point in time, soa customer can only shop at one store.Outcome E; refers to the random customer shopping at store i.Event S means that the customer shops at a Safeway store.Event W means that the customer shops at a Whole Foods store.Event D means that the customer shops at a store located downtown.

Answered: What is P(S| W)? In Grocerytown there…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Little's Law: An electronics retailer tries to keep inventory levels low so that they can avoid obsolescence. Their target is to have items stay in inventory for, on average, 3 weeks. "On average, they get $1,000,000 in sales revenue each week. How much money would they have tied up in inventory? 9:51 PM 10/1/2020 TShift
11 Suppose that a researcher, by using a sample of transactions of residential houses, wants to estimate how the price of the houses is affected by the presence of an elevator in the building. To this end, he regresses the price of the house in thousands euro, price, on the dummy elevator indicating the presence of the elevator (dummy equal to 1) or not (dummy equal to 0): on ta price; = a0 +a1 elevator; + u; o max.: The OLS estimates are (standard errors in round brackets below the corresponding coefficient): rassegna = 53.802 + 73.068 elevator; (19.256) price; R2 = 0.036 (10.735) A 95% confidence interval for the coefficient of elevator, assuming the 3 OLS assumptions hold, would be: O (a) [52.03; 94.11] O (b) [49.34; 96.79] O (c) [55.46; 90.67] O (d) [55.46; 96.79] Precedente Successivo
3. Suppose that individuals with a strong enthusiasm for technology are willing to pay $500 now for the latest iPhone, but only $350 if they must wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Assume for simplicity that there are equal numbers of each customer type (strong enthusiasm and normal), that the MC of the iPhone is $100, ignore the time value of money, and there are only two years. (Hint: With discrete problems consider all the different options and evaluate each of them to determine the optimal strategy. In this case, there are only three prices given and two time periods, so a total of 6 pricing strategies exist but some of them will.) What is the highest profit level that can be achieved if the price for an iPhone is fixed for both years (uniform pricing)? What is the highest profit level that can be achieved if the price for an iPhone can be altered across the two years?
27
1. Suppose that you are in charge of purchasing for a U.S. corporation that is planning to acquire a large number of new computers. The company's computer specialist has identified two models, one Japanese-made and one U.S.-made, that meet the necessary specifications. Since the two models are essentially equivalent, the company will buy the one with the lower price. Suppose the U.S.-made computer costs $2,400, and a similar Japanese-made computer costs 242,000 yen. If the nominal exchange rate is 110 yen per dollar, which computer is a better buy? (Hint: calculate the real exchange rate for computers)
b) After conducting a costly study, an outside consultant suggests that the company could makemore money from its customers if it sold laptops and printers together a s a bundle instead ofseparately. Is the consultant right?c) If the firm has only one customer of each type, how much does the firm each in total from purebundling?
2a see picture to solve
Describe the results shown in the following graph. 1) What does Estimated Effect mean here? 2) What do the authors find? 3) Why is the estimated effect near O for 4 months after the implementation of a stay at home order? 12 Months from stay home order Estimated Effect
2. (+3) For events A, B, and C, state whether each of the following is always true (T) or not always true (F): (a) P(A|B) + P(A|B) = 1 (b) If A and B are independent events then A is independent of B. (c) If P(C) > 0 and P(A) > P(B) then P(A|C) > P(B|C).
Micro chapter 8
Please answer fast please arjent help please help
10) GE Fridges Some GE refrigerators have ice and water dispensers that won't dispense ice or water unless your filter authenticates as an official component produced by GE. Suppose one popular model costs $800 to produce, and each filter costs just $10 to produce. Suppose further that GE has categorized their consumers into two groups: low-volume users, who buy two filters per year and value the water and ice dispensing fridge at $1000, and high-volume users, who buy six filters per year and value the water and ice dispensing fridge at $1200. GE is considering two pricing strategies: ● Pricing strategy 1: $980 for refrigerator & $10 for filters Pricing strategy 2: $940 for refrigerator & $25 for filters a) Which pricing strategy would GE prefer? b) Based on the information in the question, I want you to come up with a better pricing strategy than what's been proposed. Specifically, what's the optimal price for the refrigerator and the optimal price for filters that will maximize…

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