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There are two related variables, noise (equals either quiet or loud) and intoxication (equals drunk or sober). P(drunk)=.25, P(loud)=.4. You know that if someone is drunk, then the probability of them being loud is .9. Use Bayes’s Rule to calculate P(drunk|loud). Check your work by filling out a probability table and doing the same calculation.
the chair-making industry currently consists of 90 producers all of whom operate with the identical short-run total
Assume that the The World Steel industry wants to expand and that its only option is a merger. Now the industry is confronted with government regulations to oversee the merger. Analyze how the different forces will come together to create a converg..
Find the profits of the dominant firm
Discuss the current policy issue regarding cyber issues in terms of the five stages of the policy making process. 500+ words with academic resources
1. Why do you suppose that firms in Artic nations are already developing specialized tanker ships and platforms for use in privately accessible Artic areas 2. What are possible opportunity cost of opening Artic lands to private extracti..
a consumer has utility function given by ux1 x2 radicx1 x 2 .i suppose the price of good 2 and income are ?xed at 5
Select one of the microenvironments of marketing described in the lecture, such as demographic, cultural, economic, political, social, and technological, and a product category.
What is the expected value and variance of the number of defective chips and what is the probability that they discover exactly 9 defective chips in this test?
how many workers should Ms. Smith hire? (Ms. Smith should hire workers as long as their marginal revenue product (MRP) exceeds their marginal resource cost
If many random samples of size n = 4 were collected, and in each case the sample mean was calculated, how would these sample means fluctuate? (i.e. what is the expected value of the sample means and what is the standard error?
What happens to the reserves of the bank? What happens to the money supply in the economy as a whole if the reserve requirement is 10%, all payments are made by check, and there is no net drain into currency? How would your answer in part b be aff..
Suppose that in response to a foreign crisis, the government increases defense spending by $50 billion. How would the increase in defense affect the economy How would the effects differ depending on the size and sign of the output gap when the cri..
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