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Work up a simulation model to examine the uncertainty for five different investment projects. p1 = 0.5, p2 = 0.35, p3 = 0.65, p4 = 0.58, p5 = 0.45. The outcomes of the projects should be viewed as independent since the projects are run by different people in the investment market. There is a little doubt in the confidence of these probabilities and they could be off by as much as 0.10 in either direction on any of the five probabilities. PART A) How can you incorporate the uncertainty about the probabilities in your simulation? PART B) If your boss says he is optimistic about one project, he is likely to be optimistic about the other four as well. For the simulation, this means that if one of the probabilities increases, the others are likely to increase as well. How might you incorporate this information into the simulation?
measures of central tendency and dispersion with spssthe statistics for this week become the basis for several other
In recent years the irradiation of food to reduce bacteria and preserve the food longer has become more common. A company that performs this service has developed four di erent methods of irradiating food. To determine which is best, it conducts a..
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Test the hypothesis that there is not relationship between the proneness to use excessive force score and the force score for officers trained at Academy A.
Calculate the variance-covariance matrix of the OLS estimator of β1.β2 and β3 and verify that:
A traffic engineer is studying a stretch of road on a rural highway. At his observation point, an average of 12 vehicles per hour pass. The vehicles are independent of each other. 1. What is the probability that fewer than 5 vehicles pass betwee..
A certain disease is found in one person in 5000. If a person does have the disease, the test will show a positive result 93% of the time. If a person does not have the disease, the test in 1 out of 500 cases will give a false positive result..
An analysis was done to see if there was a correlation between the number of days of class missed and a student's GPA.
What is the probability that at least 10 pay cash - Davids gasoline station offers 4 cents off per gallon if a customer pays cash and does not use a credit card.
Develop a regression model and complete appropriate analysis of the three largest U.S. Air carriers
Has there been a statistically significant change in the mean length of the bars?
Lakeshia sells 3,600 high end folding therapy
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