In the following profit payoff table for a decisproblem with two states of nature and threealternatives, the prior probabilities for s1 andP(81) = .8 and P(82) = .2.Excel File: data20-15.xlsState of NatureDecision Alternative$2d,dzdz1510122010a. What is the optimal decision?- Select your answer -b. Find the EVPI.c. Suppose that sample information I is obtawith P(I|81) = .20 and P(I|82) = .75.Find the posterior probabilities P(81|1) and P(s;decimals).P(81|I) =P(82\I) =

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Answered: In the following profit payoff table…

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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QUESTION 1: Miss Basson is taking her Gr 10 class on an outing to the Zoo. She has a class of 35 learners of which only 92% can join the outing. She asks each learner to pay for their ticket of R145. Use the information above to answer the questions that follow. Ms Basson has compiled an Income and expense statement after the class outing to the zoo. The statement showed only the learners that went on the outing as well as Ms Basson. Income and Expenses Statement Expenses Bus hire Income Class ticket sales School contribution Total: R2500 A B Zoo Entrance ticket (for the group) Snack-pack Total: R1650 R2400 R2720 C
ANOVA. Dr. Milgramm is conducting a patient satisfaction survey, rating how well her patients like her on a scale of 1-10. Her patients tend to fall into three categories: “Like a lot”, “like somewhat”, and “dislike a lot”. She believes that she might get different satisfaction scores from people in each group, but (because she's not great at numbers) she wants you to do an ANOVA to be sure. She has collected data from 12 patients (three equal groups) with the following results. Group 1) “Like a lot” Mean: 8 SS: 2 N: df: Group 2) “Like somewhat” Mean: 5 SS: 6 N: df: Group 3) “Dislike a lot” Mean: 2 SS: 4 N: df: Grand Mean: df Within-Group:__________ df Between-Groups:___________ Estimated Variance (S21) for Group 1: _______ Estimated Variance (S22) for Group 2: ___________ Estimated…
car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides to evaluate the satisfaction surveys of its next 60 customers. The dealership will be fined if the number of customers who report favorably is between 42 and 49. The dealership will be dissolved if fewer than 42 customers report favorably. It is known that 72% of the dealership’s customers report favorably on satisfaction surveys. [You may find it useful to reference the z table.] a. What is the probability that the dealership will be fined? (Round final answer to 4 decimal places.) b. What is the probability that the dealership will be dissolved? (Round final answer to 4 decimal places.)
H1.
If a = 1, b 1 = 10, b 2 = 10, X 1 = 2, and X 2 = 3, what would the predicted Y score be?
1. Suppose that you estimate a model of house prices to determine the impact of having beach frontage on the value of a house.14 You do some research, and you decide to use the size of the lot instead of the size of the house for a number of theoretical and data availability rea- sons. Your results (standard errors in parentheses) are: PRICE; = 40 + 35.0 LOT¡ – 2.0 AGE; + 10.0 BED; – 4.0 FIRE; (1.0) (5.0) (10.0) (4.0) (10) N = 30 R2 =.63 where: PRICE¡ =the price of the th house (in thousands of dollars) =the size of the lot of the th house (in thousands of square feet) = the age of the th house in years =the number of bedrooms in the th house =a qualitative/dummy variable for a fireplace (1 = yes for the th house) LOT; AGE; BED; FIRE; a. You expect the variables LOT and BED to have positive coefficients. Create and test the appropriate hypotheses to evaluate these expectations at the 5-percent level. b. You expect AGE to have a negative coefficient. Create and test the appropriate…
Westminster Financial has released a summary of investor and investment package information from the past fiscal year. During this time, Westminster provided a choice among 12 pre-designed investment packages. The investment packages were classified according to two variables: riskiness of investment package chosen ("Risky", "Moderate/mixed", and "Conservative") and age of investor ("Under 35", "35-49", or "50+"). Suppose that we're interested in the possible relationship between the age of the investor and the riskiness of the investment package the investor chose. The following contingency table gives a summary of the information released by Westminster regarding age and riskiness of investment package for 150 investors. In the cells of the table are the respective observed frequencies, and three of the cells also have blanks. Fill in these blanks with the frequencies expected if the two variables, riskiness of investment package chosen and age of investor, are independent. Round…
A cellphone provider has the business objective of wanting to determine the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of 600 subscribers. The results indicate that 131 of the subscribers would upgrade to a new cellphone at a reduced cost. Reducing the price will be profitable if at least 20% of the subscribers would upgrade. Complete parts (a) and (b) below. Question content area bottom Part 1 a. At the 0.01 level of significance, is there evidence that more than 20% of the customers would upgrade to a new cellphone at a reduced cost? Determine the null hypothesis, H0, and the alternative hypothesis, H1. A. H0: π=0.20 H1: π≠0.20 B. H0: π≥0.20 H1: π<0.20 C. H0: π≤0.20 H1: π>0.20 D. H0: π≠0.20 H1: π=
A pharmaceutical company has developed a drug that is expected to reduce hunger. To test the drug, three samples of rats are selected with n=9 in each sample.The first sample receives the drug every day. The second sample is given the drug once a week, and the third sample receives no drug at all (the control group). These assignments of drugs are called treatments.The (dependent) variable being compared is the amount of food eaten by each rat over a 1-month period. These data are analyzed by an ANOVA, and the results are reported in the following summary table. How many groups (or population means or treatments) are being compared in this problem? _________ (Enter a whole number) What is the total number of data used in this problem? _________(Enter a whole number) Fill in all missing values in the table. (Hint: Start with the df column and your above answers.)If there are decimal places in your answer, provide 2 or more decimal places. Source of Variation SS df MS F…
Exercise 2. Marginal and Conditional Relationships can be Very Different. For 100 mild cases of eczema, a new treatment had a higher cure rate than the old treatment (33.3% of 90 vs. 20% of 10). For 100 severe cases of eczema, again the new treatment had a higher cure rate than the old treatment (60% of 20 vs. 50% of 80). Over all 200 eczema cases, however, the old treatment had a higher cure rate than the new treatment- i.e. Simpson's Paradox strikes again. (a) Compute the overall cure rates for the new and old treatments. (b) Which treatment, old or new, would you choose and why?
Q1. A psychologist conducted a study on the relationship between introversion and shyness. The values are results for scales of introversion and shyness. High positive scores on each scale indicate high introversion or shyness; and high negative scores indicate low introversion or shyness. Data collected from 10 people as follows: Introversion 4 -7 -1 0 6 7 -4 -9 -5 8 Shyness 11 -7 -1 -3 0 7 -1 -8 -1 5 a) Compute the correlation coefficient relating introversion and shyness scores. b) Find the regression equation which predicts introversion from shyness. c) What introversion score would you predict from a shyness score of 7?
If we use a cutoff of 0.05, is it unusual for someone to have a great deal of confidence in educational institutions?

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