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Consider the two-round bargaining game. The minimum the seller will sell his home for 188,000 and the maximum the buyer is willing to pay is $200,000. Both players know these two amounts and are bargaining over the difference (M=$12,00). Assume the disagreement values are zero for both players. Player 1 moves first by making a proposal and Player 2 can accept and reject. If player 2 rejects Player's 1 proposal, then Player 2 gets to make a proposal, which Player 1 can reject and accept. The game is then over. Suppose the both players discount the future income at the rate d=0.2 per period. That is, $0.20 now is equivalent to $1,00 received next round. Find the equilibrium for this 2-round game. What is the sale price of the home? Which player gets the larger share of M?
Serum cholesterol levels were taken from a population of 10,000 college students. The results were normally distributed. Males had a mean of 195 and a standard deviation of 10.
Find a real-world business example with data set (or example from a case study) and comment on the way hypothesis testing can be applied
A survey sponsored by The American Dietetic Association and the agri-business giant ConAgra found that 53% of office workers take 30 minutes or less for lunch.
Paul received a score of 80 on a history test for which the class mean was 70 with a standard deviation of 10. He received a score of 75 on a biology test for which the class mean was 70
twelve different video games showing substance use were observed and the duration times of game play in seconds are
Below you are given a partial computer output based on a sample of 16 observations.
Use the date in the table above and answer the following questions in the space provided below:
The results are D‾ = 0.2 kilowatt and SD = 1.0 kilowatt. At α = 0.01, is there evidence to conclude that conservation efforts reduce consumption?
What size random sample should you take if you want to estimate the annual salary in the population with 99 percent confidence and a maximum margin of error of $250?
Is there any evidence to suggest the mean brightness in the gym is less than the design specification? Assume normality and use a = 0.01.
It is found that the total variation is 20.711, the explained variation is 18.592, and the unexplained variation is 2.119. Find the coefficient of determination
The Crystal Window Company makes windows at three locations: Adelaide, Perth, and Cairns. Some windows made by the company contain a visible defect and must be replaced.
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