Compute the updated probabilities after each hour

Assignment Help Engineering Mathematics
Reference no: EM131524297

Question: When we used Bayes' theorem to update the probabilities that eKnow would be a Success, Potential, or Failure by counting the number of Definitely-Purchase responses at the National Book Conference, we showed the impact of counting 18 Definitely-Purchase responses in the first hour. Now, suppose that in the second hour you counted 17 Definitely-Purchase responses.

a. Use Bayes' theorem a second time to update the posterior probabilities that incorporate the 18 Definitely-Purchase responses.

b. Suppose you did not have time to update the equal probability values of 1/3, 1/3, 1/3 for Success, Potential, and Failure after the first hour. Starting with these equal probability values, show that having 35 Definitely-Purchase responses in two hours produces the same updated probabilities as computing the updated probabilities after each hour.

Reference no: EM131524297

Questions Cloud

What is the expected number of machines : You are the maintenance engineer for a plant that manufactures consumer electronic goods. You are just about to leave on your vacation for two weeks.
Technology trends in it and the computer industry : Identify how recent technology trends in IT and the computer industry have changed the travel planning industry.
Assume that you believe in the international fisher effect : Assume that you believe in the international Fisher effect.
Explain legal right to remove the computer media from scene : Explain Legal right to remove the computer media from the scene and Availability of privileged material on the computer media for examination.
Compute the updated probabilities after each hour : When we used Bayes' theorem to update the probabilities that eKnow would be a Success, Potential, or Failure by counting the number of Definitely-Purchase.
How could you integrate some cbt interventions : how could you integrate some CBT interventions that target triggers into both inpatient and outpatient treatment.
Assess the various types of personality measurements : Assess the various types of personality measurements that might be most effective in the position listed and mention how you might use these on the job.
Firm can pay for the project and still earn required return : What is the most the firm can pay for the project and still earn its required return?
Create a layout report of your selected company : Create a layout report of your selected company that fulfills the critical elements below. Justify your reasoning for the important points mentioned

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  What shape would his demand curve have

In our story of Tom, the student confronted with a Webdesign assignment, we emphasized the great urgency of his desire for Web tutoring.

  System optimal scenario

Show that the average travel time per person is minimized if 2,000 people travel by road. This is known as the "system optimal" scenario. What percent worse than system optimal is the user-optimal scenario?

  Identifying the resulting boundary circles

Let X1 and X2 be surfaces. The connected sum of X1 and X2 is the surface X1#X2 obtained by deleting the interior of a closed discs D1 ⊂ X1 and D2 ⊂ X2 and identifying the resulting boundary circles ∂D1 and ∂D2 via some homeomprphism between them

  Trace the effects of increasing the requirement

Use the pattern in (b) to trace the effects of increasing the requirement by 10 percent. How will the optimal mix change? How will the optimal cost change?

  What is the motel breakeven occupancy percentage

A 90-room motel has an average room rate of $65.60. Its fixed costs are $300,000 a year, and its variable costs total $476,000 at an average occupancy of 70%.

  Find total expected time required for fittings and stylings

Five sorority sisters plan to attend a social function. Each requires hair styling and fitting for a gown. Assume that the times required are independent.

  Asuming that both mobile and galveston have infinite

a sunco oil produces oil at two wells. well 1 can produce as many as 150000 barrels per day and well 2 can produce as

  Discuss the incremental irr procedure

Refer to Problem. Suppose the study period has been coterminated at 10 years. Use the imputed market value technique and determine.

  What is the minimum-cost purchase plan for universal

Taking Discounts Universal Technologies, Inc. has identified two qualified vendors with the capability to supply some of its electronic components.

  Determine the optimal time to replace the cartridges

A local newsletter is printed on a printer with a cartridge that may break or run out of ink during operation. The cartridges can be replaced for $7.50.

  Steepest ascent-randomized steepest ascent

1.1. Write a program that will find the maxima of the following function using Golden section search algorithm starting from xl = -4 and xu = 1. Your function should take xl , xu, and number of iterations as input parameters. Also plot the graph e..

  Expected value of operations

What is the expected value of operations when constant growth begins?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd