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A component has reliability function:
R(t) = 1- (t /100)^2,
where time is measured in months and 0< t < 100. The manufacturer wants to build in redundancy by placing several components in parallel. What is the minimum number of components that have to be placed in parallel to meet a reliability requirement of 0.95 at 50 months?
Pertaining to the matrix need simple and short answers, Find (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.
A 5-card poker hand is said to be a full house if it consists of 3 cards of the same denomination and two other cards of the same denomination(of course,different from the first denomination). How many hands of full house are possible?
A finite lot of 40 digital watches includes 30% nonconforming units. Using the hypergeometric distribution, what is the probability that a sample of 6 will contain 3 nonconforming watches? Show your work.
In order to answer the following questions, first draw a density curve describing this distribution. Pay attention to the height of the curve!
Your firm has determined that if the average household salary in a geographic area is greater than $53000, then their product will be successful.
Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.
Carleton Chemical claims that they can produce more than 800 tons of meladone on average per week. A random sample of 36 weeks of production yields the following results.
Suppose you are a potential entrant into a market that previously has had entry blocked through the government. Your market research has estimated that the market demand curve for industry is
A manufacturer of a new, less expensive type of light bulb claims that this product is very well made and even more reliable than the higher priced competitive light bulbs.
The following hypothetical data demonstrate the relationship. The dependent variable is a measure of language skill at age 3 for each child. Do the data indicate any significant differences? Test with α=0.05.
What is the probability that one of the women will speak first? What is the probability that Abby will speak before Cameron does?
The time it takes a symphony orchestra to play beethovens ninth symphony has a normal distribution with a mean of 64.3 minutes and a standard deviation of 1.15 minutes. If an orchestra plays it so slowly that 80% of the orchestras play faster than..
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