Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose an individual makes $50,000 of income per year. Her utility function is given by u=10x^0.5, where x is her income minus expenses. She realizes that there is about a 5% probability that she may suffer a heart attack in any given year. The cost of treatment will be $40,000 if a heart attack occurs.
She has the option of buying health insurance, which will cover all expenses in case of a heart attack. What is the maximal amount she is willing to pay for health insurance?
She has the option of buying health insurance for $2,000 per year, which will cover all expenses in case of a heart attack. Should she buy this health insurance?
(Note: x^0.5 is a different way of writing the square root of x)
Round all answers (also intermediate answers to 2 decimals).
If Q is an orthogonal matrix, so that QTQ = I, prove that det Q equals +1 or -1. What kind of parallelepiped is formed from the rows (or columns) of an orthogonal matrix Q?
At a small computer peripherals company, only 60% of the hard drives produced passed all their performance tests the first time.
If he makes a profit of 50 cents on each cup of coffee and 40 cents on each doughnut, can he reasonably expect to have a day s profit of over $300? Explain.
Choose a binomial random quantity that you might deal with in your current or future work as an executive. Estimate (ie, guess) the value of n and p.
According to R.L. Polk & Company, the median age of automobiles and trucks on the road in the United States is about 9 years. The ages for a random sample of vehicles in the executive parking lot of a metal fabrication company are listed in fi..
Suppose human weights are normally distributed with mean 175 and standard deviation 36 pounds. A helicopter is evacuating people from a building
Which level of risk considers sources of danger or uncertainties that have a direct and model-wide impact?
A certain country has four regions: North, East, South, and West. The populations of these regions are 3 million, 4 million, 5 million, and 8 million.
Suppose we are considering the selection of the reorder point, R, of a (Q, R) inventory policy. With this policy, we order up to Q when the inventory level falls to R or less. The probability distribution of daily demand is given in Table.
What are the limits of the 99% prediction interval of the daily sales in dollars of an individual grocery store that has spent $3000 on advertising expenditures?
the true mean breaking strength of yarn used in manufacturing drapery material is required to be above 100 psi. from
(a) Set up a 99% confidence interval estimate of the true population average amount of paint included in a five-litre can. (Use the z-table.) (b) Based on the results of (a), do you think that the store owner has a right to complain to the manufact..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd