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1. Show formally that to bid one's own value is a dominant strategy in the Vickrey auction.
2. Suppose we have an auction in which every bidder pays his bid whether or not he wins the object. Find the equilibrium strategies in this case if there are n bidders and the distribution is uniform. (This auction format is called an all-pay auction for obvious reasons.)
3. Suppose there are two bidders and the distribution is uniform. Suppose if you win or not you pay the second highest bid. Find the equilibrium strategies. What is peculiar about them? (This auction format is referred to as the war of attrition.)
sample surveys conducted in a large county in a certain year and again 20 years later showed that originally the
for a small sample difference of means test where n1 12 and n2 16 and we can assume the population variances are
A company that depends heavily on advertising for selling its products wants to know if its various advertising media have different effectiveness relative to the age of the customer.
Write down the difference between reliability and validity? Write down the different kind of reliability and validity. What kind of reliability and validity would you seek in assessing employee performance?
What have you learned about statistics?" In developing your responses, consider - at a minimum - and discuss the application of each of the course elements in analyzing and making decisions about data (counts and/or measurements).
in the annual report a major food chain stated that the distribution of daily sales at its detroit stores is known to
suppose that a and b are events defined on a common sample space and that the following probabilities are known. find
assume that 25 of all business students at a large university invest in the stock market. a random sample of 120
A sample of 60 night-shift workers showed that the mean number of units produced was 351. At the .05 significance level, is the number of units produced on the night shift larger?
a suppose that a newspaper in wisconsin wants to take a statewide survey concerning state budgetary issues. the
a 15 cm3 cylinder contains nitrogen at 70 atm and 20 degrees celsius. this cylinder is placed in a 10000 cm3 evactuated
30% student take only Chinese, 30 % student take only Maths. It is found that both male n female has the equal chance to wear spectacles. Draw a tree diagram.
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