I need an answer to question 4 (image 2) Q4:For the following data, define, the mean, median and mode, and calculate the significant sample size for 95%confidence level with a margin of error equals to twoTrial # Value199532274538186912858604246323823410105678910OH1112131415 Q1:Find the Unique Nash Equilibrium for this game (i.e., either one pure N.E., or a mixedstrategy)Player 1Q2You are assessing the behavior of the site workers to report safety hazards within the site.Accordingly, you developed the following payoff matrix for two homogenous symmetricworkers that represents their actions, along with their payoffs. Each worker would like thebenefit of stopping the hazardous actions within the site, that will benefit him/her with 10points. However, reporting it will cost the worker 3 points. If no one reported thehazardous event, the worker will get zero points.Find the Nash Equilibrium of this game that represents the percentage of workers that willreport the hazardous event.Worker 1B2(3)B2 = 1B2(4)B2=B3 =0.5B1(3 B1-B2=0. B2-B3=0.55B1(4 B1-B3=0. B1-B2=B3= 0.345B1(2LeftUp 1,0Center -1,0Down 0,2Q3Instead of the qualified least bidder awarding criteria, the Average Bid (AB) method awards thecontract to the bidder closest to the average of the submitted bids. The following table presents athree-bidder game where bidders (B1, B2, and B3) are competing in an AB project. Theirsimplified markups are shown in brackets, while the payoff for the zero-sum game is shown in thetable (note that the losing bid has a -1 payoff).B2(5)ReportDo nothingSolve for the N.E. (Hint, you might need more than one approach to solve this game).B3(4)B3 (5)B3(6)B2(4)B3 =1Player 2Middle Right10,-10,1-2,-2 -12,423,-1 2,0B3=1B1-B3=0.5Worker 2Report Do Nothing10,77,710,70,0B2(3)B2= 1B1-B2=0.5Bl=1B2=1B2=1B1-B2=0.5B2(5)B2-B3=0.5B2=B3=0.5B2-B3=0.5B2(3)B2=1B1-B2=0.5Bl=1B2(4)B2=1B2=1B1-B2=0.5B2(5B2=1B2=1B2=1

Sample Size (denoted as n) is the number of items selected from the population as a whole to get the…

Q4: For the following data, define, the mean, median and mode, and calculate the significant sample size for 95% confidence level with a margin of error equals to two Trial # Value 1 99 2 53 22 74 53 81 86 91 3 4 5 6 7 8 9 10 의미 11 12 24 13 14 15 28 58 60 42 46 32 38

Q4: For the following data, define, the mean, median and mode, and calculate the significant sample size for 95% confidence level with a margin of error equals to two Trial # Value 1 99 2 53 22 74 53 81 86 91 3 4 5 6 7 8 9 10 의미 11 12 24 13 14 15 28 58 60 42 46 32 38

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Hypothesis Testing

In statistics, there are two ways to calculate the sample data. One is descriptive statistics and the other is inferential statistics. In descriptive statistics, all of the information is defined through graphs and charts. In inferential statistics, it allows one to test the hypothesis and it is always used to predict the data. Inferential statistics has two main areas: estimating parameters and hypothesis testing. A hypothesis is a statement about the unknown parameter of the population which we want to verify from the information available from the sample. The premise may or may not be true. The estimation of the whole population would be a reasonable way of deciding if the statistical hypothesis is valid. There are two types of hypotheses. They are null hypothesis and alternative hypothesis.

Question

100%

I need an answer to question 4 (image 2)

Q4:
For the following data, define, the mean, median and mode, and calculate the significant sample size for 95%
confidence level with a margin of error equals to two
Trial # Value
1
99
53
22
74
53
81
86
91
28
58
60
42
46
32
38
2
3
4
1010
5
6
7
8
9
10
OH
11
12
13
14
15

Q1:
Find the Unique Nash Equilibrium for this game (i.e., either one pure N.E., or a mixed
strategy)
Player 1
Q2
You are assessing the behavior of the site workers to report safety hazards within the site.
Accordingly, you developed the following payoff matrix for two homogenous symmetric
workers that represents their actions, along with their payoffs. Each worker would like the
benefit of stopping the hazardous actions within the site, that will benefit him/her with 10
points. However, reporting it will cost the worker 3 points. If no one reported the
hazardous event, the worker will get zero points.
Find the Nash Equilibrium of this game that represents the percentage of workers that will
report the hazardous event.
Worker 1
B2(3)
B2 = 1
B2(4)
B2=B3 =
0.5
B1(3 B1-B2=0. B2-B3=0.
5
5
B1(4 B1-B3=0. B1-B2=B
3= 0.34
5
B1(2
Left
Up 1,0
Center -1,0
Down 0,2
Q3
Instead of the qualified least bidder awarding criteria, the Average Bid (AB) method awards the
contract to the bidder closest to the average of the submitted bids. The following table presents a
three-bidder game where bidders (B1, B2, and B3) are competing in an AB project. Their
simplified markups are shown in brackets, while the payoff for the zero-sum game is shown in the
table (note that the losing bid has a -1 payoff).
B2(5)
Report
Do nothing
Solve for the N.E. (Hint, you might need more than one approach to solve this game).
B3(4)
B3 (5)
B3(6)
B2(4)
B3 =1
Player 2
Middle Right
10,-1
0,1
-2,-2 -12,4
23,-1 2,0
B3=1
B1-B3=0.
5
Worker 2
Report Do Nothing
10,7
7,7
10,7
0,0
B2(3)
B2= 1
B1-B2=0.
5
Bl=1
B2=1
B2=1
B1-B2=0.
5
B2(5)
B2-B3=0.
5
B2=B3=0.
5
B2-B3=0.
5
B2(3)
B2=1
B1-B2=0.
5
Bl=1
B2(4)
B2=1
B2=1
B1-B2=0.
5
B2(5
B2=
1
B2=
1
B2=
1

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