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Suppose a random experiment can be represented by 2 sets of events ,Ai and Bj, with each pair of sub events (A1 and A2, and B1, and B2) being mutually exclusive and collectively exhaustive. Find the conditional probabilities P(B1 | A1) and P(B2 | A1) by using Bayes' theorem and P(A1 | B1) = 0.6, P(A1 | B2) = 0.5, P(B1) = 0.3, and P(B2) = 0.7
Are there any predictable performance cycles for Wal-mart? If so, what are the periods over which its cycle waxes and wanes?
Using the similar 6-economic indicators selected for your Industry Overview Paper, differentiate at least two year forecasts from two separate sources,
Calculate the BIC with the command estat ic and what is the difference between the predicted values and actual for the AR(1), AR(2) and AR(3) models.
Assume the following about Mushroom Kingdom: there are 16869 gold coins in circulation, nominal GDP is 86722 gold coins, the Central Bank of Mushroom Kingdom increases the number of gold coins in circulation by 2.4% each year, and GDP increases by..
Calculate the optimal amount of pretzels and soft drinks that minimizes this firm's costs and how many frames do you provide each month?
The services of a certified psychologist cost $110 per hour, and an extended health plan covers 50 percent of that cost. Under the plan, the clients covered used 625 hours of this service in a typical three-month period. To save money, the extende..
An Economics section at a large university keeps track of its majors beginning salaries. We address the question of the value of taking econometrics
Explain each of primary methods used for setting value, describing its applications, strengths and weaknesses, show the formula and compute an example for each method.
The European Engine Corporation is a multi-national producer of small gasoline and diesel motors. European Engine Corporation has estimated the following cost experience for a new 3.5 hp engine over a sample of 122 observations,
Choose two firms from different industrial sectors, e.g. high tech computers, health, customer non durables, cyclical etc.
The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?
Determine the Herfindahl index for an industry composed of three companies one with 70% of the market, and the other two with 20 and 10 percent of the market respectively one company with 50% share
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