Find the conditional probabilities

Assignment Help Econometrics
Reference no: EM13177552

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

Reference no: EM13177552

Questions Cloud

Describe the results of the tests : Hypothesis Testing Paper Select a research issue, problem, or opportunity facing an organization that could benefit from hypothesis testing.
How much did he borrow at 16 percent : To start a business, Tom borrowed $20,000, part at 16% annual interest rate and part at 15%. If the total amount of interest on both loans is $3120, how much did he borrow at 16%?
Write equation for autonomous planned spending : Suppose the equation for th LM curve is Y=13500+100r. Use this equation to explain the level of income at which there is a zero lower bound on the federal funds rate, the interest rate that the Fed controls. C) Graph the LM curve for interest rate..
Find the length of the shadow on the wall : A 12-centimeter rod is held between a flashlight and a wall as shown. Find the length of the shadow on the wall if the rod is 45 cm from the wall and 15 cm from the light.
Find the conditional probabilities : 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.
Prove that the line will pass through a fixed point : A straight line moves in such a way that the sum of the reciprocals of the intercepts of the axes is equal to 1/k , where k is a constant. Prove that the line will pass through a fixed point.
Write a program to compute percentage for specific category : Rent Payment, Food, Utilities, and All Other. Your program should add the amounts, display the total, and compute and display the percentage for each category. Dollar amounts should be displayed with two decimal places and percentages should be di..
How many students take exactly one of these two courses : Rework problem 11 from section 1.3 of your text, involving high school students. Assume that 26 take mathematics, 26 take psychology, and 13 take mathematics and psychology.
Fast food culture and food concept : Compare American's fast food culture and Italian's slow food concept. what is different between?

Reviews

Write a Review

Econometrics Questions & Answers

  Predictable performance cycles for walmart

Are there any predictable performance cycles for Wal-mart? If so, what are the periods over which its cycle waxes and wanes?

  Operational and planning issues in industry

Using the similar 6-economic indicators selected for your Industry Overview Paper, differentiate at least two year forecasts from two separate sources,

  Model for the unemployment rate

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.

  Calculate the velocity of mushroom kingdom

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

Calculate the optimal amount of pretzels and soft drinks that minimizes this firm's costs and how many frames do you provide each month?

  Calculate the number of physicians

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..

  Marginal effect of taking econometrics

An Economics section at a large university keeps track of its majors  beginning salaries. We address the question of the value of taking econometrics

  Explaning setting price and applications

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.

  Solving problem on simple regression

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,

  Calculate monthly returns and average monthly returns

Choose two firms from different industrial sectors, e.g. high tech computers, health, customer non durables, cyclical etc.

  Pay off matrix for zero sum game

The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?

  Calculating herfindahl index

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

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd