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Set your utility for $0 to be 0 and $1 million to be 100. Use the simple decision tree

Ques 5a. (10 points) Set your utility for $0 to be 0 and  $1 million to be 100.  Use the simple decision tree used in determining the utility for money, where the lottery has a prize of $1 million if you win and $0 if you lose, to determine your utility for $500,000 and $200,000.  Use these 4 utilities to draw your utility curve for money.

 

 

math and probability

 

At the beginning of this chapter, we discussed a freight study commissioned by the Chesapeake and Ohio Railroad Com- pany (C&O). A sample of 2072 waybills from a population of 22,984 waybills was used to estimate the total revenue due C&O. The estimate arrived at was $64,568. Because all 22,984 waybills were available, a census could be taken to determine exactly the total revenue due C&O and thereby reveal the accuracy of the estimate obtained by sampling. The ex- act amount due C&O was found to be $64,651.

Can you do a statistical word problem? It includes 4 cconcepts.

  • Identify a research question from your professional life or career specialization that can be addressed by an independent samples t test.
  • Indicate why a t test would be the appropriate analysis for this research question.
  • Describe the variables and their scale of measurement.
  • Discuss the expected outcome (e.g., "The group 1 mean score will be significantly greater than the group 2 mean score because…")

My math lab Precalculus Home work assignments

Hello  i need help with assignments on Mymathlab they are homework assignments and i will pay each week.

Find the margin of error for the given values of C, S, and N. C=0.95, S=3.8, N=64. E=? round 3 decimal places

1)Find the margin of error for the given values of C, S, and N. C=0.95, S=3.8, N=64. E=? round 3 decimal places

2)Construct the confidence interval for the population mean u. C=0.98, (x bar)=5.6, S=0.8, and n=52. A 98% confidence interval for u is? (_,_)round two decimal places

3)Construct the confidence interval for the population mean u. C=0.98, (x bar)=15.1, S=4.0, and n=65.

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