The probability of illness depends on the preventive healthcare investments made till that period and which other factor?

Q: What is the interpretation of the coefficient on the time period dummy variable in a panel model…

A: A dummy independent variable which for some observation has a value of 0 will cause that variable's…

Q: How we can Use the Ordinary Least Square Estimator?

A: Ordinary Least squares method: OLS is a technique used for modeling continuous. It is the type of…

Q: A female has a firstborn with a condition. The female's recurrence risk of a certain condition drops…

A:

Q: A rare metal is found in 1/1000 soil samples taken in the field. You develop a field test that is…

A: Given information: P(Metal found)=11000=0.001P(No metal found)=1-P(Finding the metal)=1-0.001=0.999…

Q: So the Probability of the athlete beating a hill time of 2.27 seconds on 4 or more of the 10 gate…

A:

Q: Why is it crucial to represent single-event occurrences?

A: Answer: - Why is it crucial to represent single-event occurrences?

Q: What is the key advantage of the Logit Model over the Linear Probability Model?

A: Logic model- It is also defines as logistic Regression, is a binomial regression model. It  is used…

Q: (EP)* = P*E*

A:

Q: There is an analysis, which shows a very high correlation between cumulative rainfall in the Amazon…

A: Apparently we might think Amazon forest rainfall has an effect on Nasdaq stock market index. But…

Q: A company sells laptops with a warranty of 2 years. The probability of a laptop failing during the…

A: Here given that a company sells laptops with a warranty of 2 years. The probability of a laptop…

Q: If there is a chance of rain of 10% on any day, how do I find the chance that it rains on Saturday…

A: P(A or B) means P(A∩B)P(A & B) means P(A∪B)P(A∩B)=P(A)+P(B)-P(A∪B)

Q: What is the expected expense of the machine being used 34 hours per week?

A: Regression line are used to predict the variable. It is calculated by the combined value of…

Q: According to Alex Danteh it costs GHS2 to buy a ticket in a rafle to win a new luxury automobile…

A: According to the given information, Cost of new luxury automobile = GHS 55,000 Number of raffle…

Q: It is known to show an exponential distribution where the average lifespan of a type of CPU is seven…

A:

Q: Which three elements are used in determining the ‘Risk Number’?

A: Before investing we need risk analysis and we want to sure about our risks so here in question we…

Q: Define likelihood function with routine life example

A: Definition of liklihood function needs to be given with the real life example.

Q: If more years of education cause higher earnings, this does not necessarily imply that years of…

A: The correlation shows relationship between two variables.

Q: What is the difference between portfolio expected return and portfolio risk (write the formulas)?

A: Given to know about the differences between portfolio expected return and the portfolio risks.

Q: The failure times of a computer disk drive are exponentially distributed with a mean of 3000 hours.…

A: To find the probability that the repair cost is more than RM800 in one year, we need to consider the…

Q: The life of a power transmission tower is exponentially distributed, with mean life 25 years. If…

A:

Q: Calculate the exact probability that the mean of 3 die rolls will be >2.5 and less than or equal to…

A: Here is the experiment of rolling a 3 die. Minimum sum=3 =(1,1,1) Maximum sum=18=(6,6,6) A total…

Q: If a seed is planted, it has a 69% chance of growing into a healthy plant. If 8 seeds are planted,…

A: Formula : Binomial distribution is given by

Q: If the time between calls in a call center follows an Exponential Distribution with mean 5 minutes,…

A: Given: mean (μ)= 5 minutes λ=15 per minute

Q: the law of large numbers?

A: The law of large numbers states that as the sample size increases, the sample statistic comes closer…

Q: In China approximately 70% of people are either vaccinated or have immunization from a previous…

A: Let us define the following events: E1: A person is vaccinatedE2: A person is not vaccinated…

Q: It is known that the shelf life of refills for a certain brand of purifier of water is exponentially…

A: Exponential Distribution: A continuous random variable X is said to follow Exponential distribution…

Q: what correlation is this Negative, Positive, or none? The number of years invested seeking…

A: The types of correlation are:   Positive correlation: when the one variable increases the other…

Q: What are the Different Problems Caused by Stochastic Trends?

A:

Q: What is the predicted probability of labor force participation for a woman who has 13 years of…

A: Given predicted probability of labor force = 0.082 + 0.032 * years of education - 0.114 * number of…

Q: If the success rate of a company is 19% in 6 months then by using probability tell me that what will…

A: From the given information we find the probability.

Q: If the probability of a bad reaction from a certain injection is 0.001, determine the  chance that…

A: Given: Probability of a bad reaction is, p= 0.001 Sample size, n=3000

Q: How do you find experimental probability

A: Theoretical probability: This is the probability value that is expected to happen. It is the ratio…

Q: d to calc

A: Rate of Return for an investment A variance of stock measures the difference between stock returns…

Q: It should be stated that the battery of a pos device has an exponential distribution with an average…

A:

Q: If x=5, then probability of not getting outcome for x=5 is?"

A: Let the probability of getting the value x=5 be P(5)=p There are n sample points in the problem. It…