purple chalk, independently of previous choices. Each day she chooses white chalk with probability 0.5, yellow chalk with probability 0.4, and purple chalk with probability 0.1. (a) What is the probability that over the next 10 days she will choose white chalk 5 times, yellow chalk 4 times, and purple chalk 1 time? (b) What […]
Excel answer sheet 1. Which of the following is not an assumption of the EOQ model? a) demand is known and constant b) no shortages allowed. c) lead time is determined by quantity ordered. d) order quantity is received all at once. 2. A service level of 95% means there is a 0.95 probability. a) […]
Probability Report Worksheet The probability of an event can be determined in theory as well as in practice. In this project, you will use the formulas and methods in your readings to determine the theoretical probability. You will then conduct an experiment to see if the outcomes match what you expect to find with the […]
The following problem reflect the reading material you had to prepare for this week. Write it down, and solve it in detail. In your solutions, you are only to use the math concepts that have been covered in this course up to this point. A group of students were asked if they carry a credit […]
i) Tommy iv vNM utility over final wealth u(x) = in(x). lie has $100 and is decidutg how much to put into a savings account and how much to use to purchase Domcoln. Each assci has the following c\pcctcd returns: • Asset I : 0% return with probability I • Asset 2 : -36% return […]
Problem 1: Naive Bayes Classifiers (20 pts) Consider the binary classification problem where class label Y E {0, 1} and each training example X has 2 binary attributes X = [X1, X2] E {0,1}2. Assume that class priors are given P(Y = 0) = P(Y = 1) = 0.5, and that the conditional probabilities P(X1 […]
STATA economic Stock Ticker: XXX (use 2nd ticker) Company 2 Ticker PEP Provide solutions to any 10 questions and ignore one question at your wish. Generate the daily growth rate as: g_XXX = XXX/XXX[_n-1] – 1 Question 1: Generate Growth Indicator gi_XXX as follows: gi_XXX = -2 if g_XXX is smaller than -2% gi_XXX = […]
Assignment Details Probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty. We make risky decisions every day based on quick and often intuitive assessments of the probability of negative consequences. Share a decision you made in the last 2 weeks that involved considering the probability […]
The warehouse capacity of a given product is of 3 items at most. The daily demand for this product is given by the following probability distribution: p(0) = 0.3; p(1) =0.25, p(2)=0.25, p(3+)=0.2, where 3+ means 3 or more. When the remaining items at the end of a day are less than 2, an order […]
Part 2: For each article, address the following points: Name of Article: Summary: o Provide an overview of the Methods section for the article. Include information that would paint a picture of what was done – pretend I asked you to quickly describe what was done in a study and write that information here. Use […]
