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Question: Suppose you believe that the price of a particular stock goes up each day with probability p and goes down with probability 1-p. You also believe the daily price changes are independent of one another. However, you are not sure of the value of p. Based on your current information, you believe p could be 0.40, 0.45, 0.50, or 0.55, with probabilities 0.15, 0.25, 0.35, and 0.25, respectively. Then you watch the stock price changes for 25 days and observe 12 ups and 13 downs. Use Bayes' rule to find the posterior distribution of p. Based on this posterior distribution, calculate the probability that there will be at least 15 ups in the next 30 price changes.
MATH1550H: Assignment: Question: A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..
MATH1550H: Assignment: Question: what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?
MATH1550H: Assignment: Question: Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form
MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?
MATH1550H: Assignment: Questions: Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.
Caselet on McDonald’s vs. Burger King - Waiting time
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Problems on Sampling Variability and Standard Error and Confidence Intervals
Estimate the population mean
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
Find out the probability
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