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A selfless person approaches Jones and Smith with a $100 bill and offers to sell it to the highest bidder, but both the winning and losing bidders must pay her their bids. So if Jones bids $2 and Smith bids $1 they pay a total of $3, but Jones gets the money, leaving him with a net gain of $98 and Smith with -1. If both bid the same amount, the $100 is split evenly between them. Assume that each of them has only two $1 bills on hand, leaving three possible bids: $0, $1, or $2. Write out the payoff matrix for his game, and then find its Nash equilibrium.
Suppose that Y has a continuous distribution with pdf f2, let Z=X+Y. Show that Z has a continuous distribution and find its pdf.
The germination success rate for begonia seeds is 60%. In a package of 200 seeds,
Explain the Continuity Correction Factor and provide a good example and estimate the population proportion
Four students riding to school together offer a the excuse of a flat tire on their car for missing a test. On the makeup test, the professor asks the students to each identify the tire that went flat.
The researcher estimated that out of the 100 students at least 50% of the students would be exposed to movies and TV w/ crude humor at least 2-4 times per week.
The probability that student pilot passes the written test for a private pilot's license is 0.7. Find the probability that the student will pass the test: (a) on the third attempt (b) before the fourth attempt.
Calculate the 90% confidence interval about μ if sample size, n, is 55. How does increasing sample size affect margin of error, E?
The number of widgets produced by 9 employees in an eight hour shift is recorded below. Find the mean number of widgets produced.
Consider the following time series data.Week 1 2 3 4 5 6Value 18 13 16 11 17 14Using the naive method (most recent value) as the forecast for the next week
a businessman has two independent investments a and b available to him but he lacks the capital to undertake both of
To obtain the probability that the mean wage of 75 randomly selected workers will exceed $43,000
The firm examined 35 randomly chosen fax transmissions during the next year, yielding a sample mean of 14.44 with a standard deviation of 4.45 pages.
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