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Suppose we have two bidders and the distribution is uniform. Show that if the auction is effcient the following payment rule is a possible one:
v/2 + 1/√v - 1/2√y if v > y
P(v,y) =
0 Otherwise.
Show that the sellers payments are unbounded.
Using the .05 significance level, can we conclude that there is a positive association between the two variables?
What is the probability that a simple random sample of automobile insurance policies will have a sample mean within $25 of the population mean the for each of the following sample sizes: 30, 50, 100, 400?
in a sanitary landfill ch4 methane is to be collected as a by-product. two flows of methane mix adiabatically on a
Restaurateur Danny Valentine is evaluating two, sites, Raymondville and Rosenber, for his next restaurant. Denny suspects that Raymondville residents (population 1) dine out more often (number of times per month) than Rosenberg residents (populati..
when 12 bolts are tested for hardness their indexes have a standard deviation of 41.7. test the claim that the standard
The Food King Chain employs more than 3,000 people. The worker's ages are approximately normally distributed, with a mean of 31 years and a standard deviation of 4.3 years.
the following frequency distribution presents a set of exam scores for a class of n 20 students. what is the
tonya had 16 samples from a normal distribution the standard deviation is unknown. what t-value do we use in
Furthermore, it takes about two weeks for an order to arrive from the supplier. What is the average inventory? What is the annual holding cost?
if an analysis of variance is used for the following data what would be the effect of changing the value of m1 to
a survey of 25 randomly selected customers found the ages shown in years. 28 36 40 26 33 24 11 47 23 33 46 38 35 14 33
Suppose we want to conduct a poll to estimate the proportion of voters who approve of the current mayor, and we plan to use a 95% confidence interval for our estimate.
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