The outcome of interest to be measured in an expirement is called the? (Confounding, independent, dependent, controlled)?
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A: The given information is, The probability that a randomly selected 28-year-old male lives through…
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A: P(die within one year) = 0.00142 P(do not die) = 1-0.00142 = 0.99858 Insurance policy value : $30000…
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A: Total=100 Incorrect=30 Long form (1040)=60+20=80 Incorrect and long form (1040)=10+10=20
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A: Given that: Success probability, p=0.14 Sample size, n=14
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A: event A:diagnosed with diseaseB: have diseasepB=0.05∴pB'1-0.05=0.95pA/B=0.86pA/B'=0.06
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A: Cost of Policy = $600 chance a trip will be canceled , p = 2% OR 0.02
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1. The outcome of interest to be measured in an expirement is called the? (Confounding, independent, dependent, controlled)?
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- C. Determine how much the firm would be willing to pay to a market research firm to gain better information about future market conditions. 10. An investor must decide between two altemative investments-stocks and bonds. The return for each investment, given two future economic conditions, is shown in the following payoff table: Economic Conditions Investment Good Bad Stocks S10,000 S-4.000 Bonds 7.000 2,000 What probability for each economic condition would make the investor indifferent to the choice between stocks and bonds? 11.In Problem 5, Ann Tyler, with the help of a financial newsletter and some library research, has been able to assign probabilities to each of the possible interest rates during the next year, as follows:Suppose you pay $10 to roll a fair die with the understanding that you will get back $17 for rolling a 1 or a 2, nothing otherwise. What is your expected value? Round to the nearest cent. In your response do not use any words or symbols (i.e. $).You own a fruit garden. Choose one of the followings by showing clear calculation. Yearly inflation rate is 5%. Option A: Invest 3 lac BDT to buy cultivation tools/factory. At end of every year you may gain high (8 lac BDT), medium (3 lac BDT) or low (1 lac BDT) with respective probability 0.3, 0.4 and 0.3 for the next 5 years. Option B: Lease the garden. The lessee pays 3.5 lac BDT at the beginning of each year for the next 5 years. There is risk of plant mortality due to hyper production. Loss may be high: 9 lac BDT (probability 0.1) or low: 1 lac BDT. This loss is realized at the end of 5th year only.
- The following is a table showing the results of a poll taken on campus. Will You Vote in the Upcoming Election? Male Female Yes 24 22 No 20 30 Not decided 28 38 What is the probability that a randomly selected student from this poll has decided to vote in the upcoming election? Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.The managers of an import agency are investigating the length of time that customers take to pay their invoices, the normal terms for which are 30 days net. They have checked the payment record of 100 customers chosen at random and have compiled the following table: a. Construct a histogram and use it to estimate the modal value. b. Estimate the probability that an unpaid invoice chosen at random will be between 30 and 39 days old.16 percent of the customers of a mortgage company default on their payments. A sample of 5 customers is selected. What is the probability that exactly 2 customers in the sample will default on their payments? Answer:
- Using the pigeonhole principle Assuming no one has more than 1,000,000 hairs on the head of any person and that the population of Manila was 11,621,500 in 2009, there had to be at least _____ people in Manila in 2009 with the same number of hairs on their heads.There is a 0.9985 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $191 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $120,000 as a death benefit. Complete parts (a) through (c) below.A random sample of 60 professional economists was asked to predict whether next year’s inflation rate would be higher, lower than or about the same as in the current year. The results are shown in the following table. Test the null hypothesis that the professionals are evenly divided on the question. Prediction Number Higher 20 Lower 29 About the same 11 Thanks.
