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A light-bulb manufacturer advertises that the average life for its light bulbs 900 hours. A random sample of 10 of its light bulbs resulted in the following lives in hours. At the 10% significance level, do the data provide evidence that the mean life for the company's light bulbs differs from the advertised mean?
Give the null and alternate hypotheses.
Also the critical value, test statistic, does evidence support or not support.
Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.
Consider the following data for a simultaneous move ggiven: If you advertise and your rival advertises, you will each earn 5 million dollar in profits.
Assume that the market for computer chips is dominated through two comapnies: Intel and AMD. Intel has discovered how to make superior chips and is planning whether or not to adopt new technology.
Create the strategic form payoff matrix, Determine the Nash equilibrium, Suppose the interaction is sequential where Holland Sweetener chooses to enter
You have observed the following returns over time. Suppose that the risk free rate is 6 percent and the market risk premium is 5 percent.
A hypothesis test for a population proportion ρ is given below: Ho: ρ = 0.10 Ha: ρ ≠ 0.10
A supplier and a buyer, who are both risk neutral, play the following game, The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.
In a public opinion poll, 48% of 189 respondents favor an elimination of taxes on dividend income.
Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.
A telemarketing firm in a certain city uses a device that dials residential telephone numbers in that city at random. Of the first 100 numbers dialed, 51% are unlisted. This is not surprising because 48% of all residential phone numbers in this ci..
There are 10 flights from Minneapolis to St. Cloud each day. The probability that any one flight is late is 0.05. Using the binomial probability formula, what is the probability that 1 or more are late?
Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.
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