What is the probability of a player being good

Assignment Help Business Economics

Reference no: EM133363973

Questions

1. Suppose there are two types of players: good and bad. A good playe: catches the ball with probability 0.9, and a bad player catches the ball with probability J.

2. Suppose that the value of a good player is 2000 and the value of a bad player is 100 You know that 0.3 fraction of players are good. a) What is the expected value of a player? b) What is the probability of a player being good after you observed that he caught the ball? c) What is the expected value of a player who caught a ball? d) What do you expect to happen to the expected values of players as they play games?

Reference no: EM133363973

Questions Cloud

Analyze the industries where the company operates : Analyse one of the industries where the company operates, considering the structure of the competition and the competitive forces within hospitality industry.

You are required to conduct your developmental assessment : You are required to conduct your developmental assessment using appropriate assessment tools (these may be provided to you by your assessor or alternatively

How many assembly workers will zamboni enterprises choose : how many assembly workers will Zamboni Enterprises choose to hire? (Round all of your answers to the second decimal point.) How many zambonis will Zamboni

Discuss the pressures from the fintech : Topic: The Impact of COVID-19 on the Australian Economy "In Australia, we have a four pillars policy (the 'Big 4') for the banking industry.

What is the probability of a player being good : Suppose there are two types of players: good and bad. A good playe: catches the ball with probability 0.9, and a bad player catches the ball with probability J.

Is the adoption of a single currency for comesa feasible : Discuss the motives for countries in a regional block to adopt a common currency. Provide an assessment of the benefits and or drawbacks of such an initiative.

Definition of opportunity cost and what is the opportunity : Definition of "opportunity cost". what is the opportunity cost of attending college, noting that the concepts of opportunity costs and explicit monetary costs

Which macroeconomic variables increase in a recession : There is a lot of talk these days about whether the US is headed into a full-fledged recession. Which macroeconomic variables increase in a recession?

What you know about international trade theory : If they did not, they would not trade. Based on this week's Reading Assignment, apply what you know about International Trade theory.

User Account

All Pages