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Two standardized tests, test A & test B, use very different scales. Assume that in one year the distribution of scores on test A can be modeled by N(700, 75) and scores on test B can be modeled by N(27, 5). If an applicant to a university has taken test A and scored 910 and another student has taken test B and scored 33, compare these students score using Z-values. Which one has a higher relative score?
The given matrix demonstrate the payoffs for an advertising game between Hilton and the Oriental. The companies can choose to advertise or to not advertise.
Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.
he two leading United State manufacturers of high performance radial tires must set their advertising strategies for coming year. Each company has two strategies available:
Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.
Company A and B are battling for market share in two separate markets. Market I is worth $30 million in revenue; market II is worth $18 million.
Suppose you are planning entering a market serviced through a monopolist. You currently receive $0 economic profits, while monopolist receives $5.
Test the hypothesis that random variable 30.4 31.2 30.8 29.9 30.4 30.7 29.9 30.1 come from a normal distribution with mean 30.5. The standard deviation of the measurements is known to be 0.1
Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:
In a public opinion poll, 48% of 189 respondents favor an elimination of taxes on dividend income.
For the time-frame of this study, once a market has reached a higher category, it won't fall back to a lower category. What is the probability that Logistics will stop providing service to an Intermediate market before becoming a High market?
Describe the meaning of a Nash Equilibrium when companies are competing with respect to price. Explain why is the equilibrium stable?
What is the probability that an executive who speaks a foreign language has not traveled internationally?
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