Q - 10 The following table shows the pay-off matrix related to thedemand and strategy of a business person. What should be thedecision if he/she uses (i) maximax criterion (ii) maximin criterion?StrategyDemandD1D2D3S130010080S220012060S3806020

Answered: Image /qna-images/answer/a7555588-347f-49ef-9e2e-02fc64dd69ec.jpg

Answered: Q - 10 The following table shows the…

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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Objective [2.6] Situation: The Ipod Touch has been out for two years now and a lot of data has been collected. Relevant Relationship: There is a functional relationship between Price of an IPod Touch,p and Weekly Demand,s. Below is a table of data that have been collected Price,p,($) Weekly Demand, s,(1,000s) 150 170 190 210 230 250 215 202 198 188 178 171 A.. Find the linear model that best fits this data using regression and enter the model below (for entry round the linear parameter value to nearest 0.01 and constant parameter to nearest 1) S = T(p) = B. The squared correlation coefficient was Select an answer 0.95 (note: values less than 0.95 MAY mean the model is not appropriate for making predictions) Now answer these two questions using the UNROUNDED model parameters C. What does the model predict will be the weekly demand if the price of an ipod touch is $235 ? (nearest 100) D. According to the model at what should the price be set in order to have a weekly demand of 202,800…
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A baseball team claims that the mean length of its games is more than 1.4 hours. State H0 and Ha in words and in symbols. Then determine whether the hypothesis test for this claim is left-tailed, right-tailed, or two-tailed. Explain your reasoning. State the null hypothesis in words and in symbols. Choose the correct answer below. A. The null hypothesis expressed in words is, "the mean length of a baseball team's games is not 1.4 hours." The null hypothesis is expressed symbolically as, "H0: μ≠1.4." B. The null hypothesis expressed in words is, "the mean length of a baseball team's games is at least 1.4 hours." The null hypothesis is expressed symbolically as, "H0: μ≥1.4." C. The null hypothesis expressed in words is, "the mean length of a baseball team's games is at most 1.4 hours." The null hypothesis is expressed symbolically as, "H0: μ≤1.4." D. The null hypothesis expressed in words is, "the mean length of a…

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Q - 10 The following table shows the pay-off matrix related to the demand and strategy of a business person. What should be the decision if he/she uses (i) maximax criterion (ii) maximin criterion? Strategy Demand D1 D2 D3 300 100 80 S2 200 120 60 S3 80 60 20