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Automated data collection has fostered the use of data mining for crime detection. Banks, large corporations, insurance companies, government and security organizations are increasingly mining data (including personal data) about individuals to detect any fraud, crime or any potential security incident well in time before it causes any serious damage.
"Privacy preserving data mining" is designed to ensure privacy of individuals while performing data mining. Do you think privacy preserving data mining methods can not be used for crime detection? Discuss.
If Sophia only cares about the expected value of various outcomes, will she buy this option? Show me mathematically how you know. (Hint: Would she sell the ring? How about the bread?)
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. What is the average and marginal cost of unit production (again, measure output in thousands of uni..
Prices perform a rationing function by A. eliminating scarcity in the market. B. making sure that buyers do not have to wait for goods. C. allocating goods to the buyers who are willing and able to pay the highest price. D. allowing? high-demand buye..
Your firm’s research department has estimated your total revenues to be R(Q) = 600Q – 4Q2 and your total costs to be 60 + 2Q2. (Note that MB = 600 - 8Q and MC = 4Q). What level of Q maximized net benefits? What is marginal benefit at this level of Q?
The short run aggregate supply curve can go beyond full employment. the least likely way to do it is
Utilizing a graph of equilibrium in the housing market, describe carefully which parties win and which parties lose from rent control.
Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and a regular brokerage account. Your marginal federal tax rate is 15% now and 15% in retirement. Compare after-tax returns on all three forms of investment. Rank the invest..
q.the federal government occasionally goes through the process of reauthorizing and modifying the state childrens
If salary and prices are completely flexible, then an unfavorable productivity shock would raise both the natural rate of unemployment and the actual unemployment rate.
Bond Valuation. Consider this bond offered by the Government of the Russian Federation: the Face Value of the bond is $1,000, its maturity is 4 years from today, the coupon rate is 5%, and the coupons are paid annually. Assuming the market interest r..
Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In response, the demand for their bank accounts decreases from 50,000 to 45,000. What is price elasticity of demand for this bank's accounts? Using the midpoin..
You are in charge of making recommendations based on economic forecasts to upper management of your firm, which produces widgets, and employs 2,500 workers. what recommendations would you make to improve performance and promote better decision making..
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