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Question: 1. Explain in your own words the idea of subjective probability.
2. Explain in your own words the difference between assessing the probability for a discrete event and assessing a probability distribution for a continuous unknown quantity
3. Suppose your father asked you to assess the probability that you would pass your decision-analysis course. How might you decompose this probability assessment? Draw an influence diagram to represent the decomposition.
Derive the conditional distribution function of X given N = n and state your reasoning behind your derivation - derive the joint distribution function of X and N and state your reasoning behind your derivation.
Define the MAD and the SSE - Given the tabulated results, discuss what value of you would recommend - Write down an expression for the probability generating function G(z) of the offspring distribution.
Suppose that a duopolist holds the following beliefs about the behaviour of a rival.
The Fischer-Tropsch (F-T) process was developed in Germany in 1923 to convert synthesis gas (i.e., a mixture of hydrogen and carbon monoxide).
A library has classified its books into fiction and nonfiction. Furthermore, all books can also be described as hardback and paperback.
A three-year bond has 8.0% coupon rate and face value of $1000. If the yield to maturity (YTM) on the bond is 10%, calculate the price of the bond assuming that the bond makes semi-annual coupon interest payments
A company's free cash flow was just FCF0= $1.50 million. The weighted average cost of capital is WACC = 10.1%, and the constant growth rate is g = 4.0%. What is the current value of operations?
Determine the best mix of crops to maximize their revenue. The farmers also have the opportunity to buy a 78-acre farm adjacent to their land. They would like to narrow their selection of crops to corn, strawberries, or a combination of the two.
In your answer also describe and explain the difference between descriptive statistics and inferential statistics.
Two 10 H inductors are in parallel and the parallel combination is in series with a third 10 H inductor. What is the approximate total reactance when a voltage with a frequency of 7 kHz is applied across the circuit terminals?
Suppose that the average utilization of the CVD tool increased to 90%; however, the operating hours of the fabrication plant were decreased from 168 hours.
a. Calculate the sample average b. Calculate the sample standard deviation c. Based only on this information do you have a normally distributed process?
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