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Question: An accounting friend of yours has gone to great lengths to construct a statistical model of bankruptcy. Using the model, the probability that a firm will file for bankruptcy within a year is calculated on the basis of financial ratios. On hearing your explanation of subjective probability, your friend says that subjective probability may be all right for decision analysis, but his model gives objective probabilities on the basis of real data. Explain to him how his model is, to a great extent, based on subjective judgments. Comment also on the subjective judgments that a bank officer would have to make in using your friend's model.
Determine the maximum allowable spacing of nominal 2 X 4-in (50 X 100-mm) studs for a wall form sheathed with nominal I-in. (25-mm) lumber.
For many years businesses have struggled with the rising cost of health care. But recently. the increases have slowed due to less inflation in health care.
Write down the Fokker-Planck equation for the probability density of the velocity fluctuations P(v, t), and the differential equation
A 70-room motel's average room rate is $125. Its average occupancy is 74%. Fixed costs are $1,056,000 a year and variable costs are $212,704 a year.
1.nbspfor r euro ir show thatnbsp 2. weknow that the dirichlet seriesnbsp converges fornbspsigma gt 0.use this to
Let k ≥ 32 be a positive integer, and let n =. Consider the k x n binary matrix G whose columns are all the binary vectors of length k and hamming weight 3. Let C be the (n, k, d) binary linear code generated by G. What is the minimum distance d of..
Information is provided on two machines, which had an original cost of $28,400 for Machine X and $26,200 for Machine Y.
Set up a Markov chain to help you learn about the proportion of time that he runs barefoot. Give the states and the transition probabilities. Determine the long-run proportion of days that he runs barefoot
The International Parcel Service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered.
A company which manufactures product in five plants ships locally using its own transportation system, but has orders which must be sent to locations too far to be serviced by the local fleet.
Given a sample mean of 2.1 and a population standard deviation of 0.7 from a sample of 10 data points a 90% confidence interval will have a width?
1. Solve the following linear programming problem using the corner point method:
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