Questions
In the academic world there is no dearth of all-knowing professors. An even more all-knowing professor...

In the academic world there is no dearth of all-knowing professors. An even more all-knowing professor now joins the fray. She claims that her research is so thorough that she can always predict the future economic outlooks without fail. Hence, instead of offering probabilities about states of nature, as the previous professor did, she proposes that she will create a white-paper on the future of the economy. If the paper predicts a negative outlook the economy is certain to be ‘depressed’. On the other hand, if she predicts a positive outlook the economy is certain to be either ‘bright’ or ‘stable’ with equal probabilities.

She says that she will conduct her research and issue the economic forecast, either positive or negative, as she finds appropriate. Given her proposal, the company is now forced to do a bit of research itself. It finds that independent of her tall claims, the past experience indicates that there is only a 96% chance that the economy will be actually positive (either bright or stable with equal probabilities) if she predicts it to be positive, but there is a 4% chance that it will actually end up being negative (i.e. depressed) even though the forecast is positive. Conversely, there is an 89% chance that the economy will be actually negative (i.e. depressed) if she issues a negative report, however an 11% chance that it will actually end up being positive (either bright or stable) even though the report is negative. Using information from the past, the research also reveals that there is a 70% chance that the professor will issue a positive report and a 30% chance the report will be negative.

· Create a new pay-off table with appropriate alternatives, states of nature, probabilities, and pay off values, and evaluate the outcome from the best course of action (5 points).

· What is the maximum you will be willing to pay the professor for her services? (5 points)

Hints: Think about the baseline return/s that you will compare to the returns with her prediction?

You will need to think back to the ‘AND’ or the ‘Multiplication’ rules and/or the ‘OR’ or the ‘Addition’ rules (Chapter 2) to calculate the probabilities in this case.

find the probability of each economy

In: Advanced Math

we read in academic publications, trade journals and newspapers (also watch on TV) that there have...

we read in academic publications, trade journals and newspapers (also watch on TV) that there have been misuses of data collected from the consumers. Companies have began monetizing their data externally for purposes different than those for which the data was initially collected. There is a wide gap exist between 'what consumers views as ethical', and what the company views as ethical. Is this practice (by these companies) considered as 'unethical'? Yes or No? Why? Should we (consumer watch dogs or government agencies) hold these companies accountable for the ethical breach? What can a government do discourage (or minimize) this unethical behavior?

In: Economics

Find a 2018 or 2019 newspaper website article (no academic research articles) on a recent software...

Find a 2018 or 2019 newspaper website article (no academic research articles) on a recent software vulnerability that led to a security breach. You need to find article that talks about how a specific software vulnerability was involved, so not just any security story will do! Write a 300 word summary (no graphics or tables) of the incident in your own words, describing what software was involved, what the vulnerability was, and what the consequences were. Be as specific as you.

In: Computer Science

It sells to two types of consumers: medical (type 1) and academic type 2). The lab...

It sells to two types of consumers: medical (type 1) and academic type 2). The lab equipment manufacturer identifies the following demands for its two differentiated consumers:

P1= 500 - Q1

P2= 300-Q2

The marginal cost to produce and sell the equipment is $50 regardless of the consumer. Assume that the equipment company can identify each type of consumer before the point of scale.

a. What would be the optimal two-part pricing strategy for each type of consumer?

b. Which yields a higher profit - the two-part strategy or a third-degree from last week's homework? What explains the difference?

c.

In: Economics

An academic department has just completed voting by secret ballot for a department head. The ballot...

An academic department has just completed voting by secret ballot for a department head. The ballot box contains four slips with votes for candidate A and three slips with votes for candidate B. Suppose these slips are removed from the box one by one. For example, one outcome is BBBAAAA. (Enter your answers in set notation. Enter EMPTY or ∅ for the empty set.) (a) List all possible outcomes. This answer has not been graded yet. (b) Suppose a running tally is kept as slips are removed. For what outcomes does A remain ahead of B throughout the tally?

In: Math

All academic manuscripts (journal articles, communications, etc.) have an introduction as a way to introduce the...

All academic manuscripts (journal articles, communications, etc.) have an introduction as a way to introduce the reader to the scientific problem that the paper addresses and describe the purpose of the experiment and also what has been done by others to give the reader some context. Write a 200-400 word introduction to nucleophilic acyl substitution reactions. You should find two recent (within the last three years) examples of nucleophilic acyl substitution reactions in journals and introduce those articles in your introduction.

In: Chemistry

You have been hired by the Pierce College Center for Academic Success. Your job is to...

You have been hired by the Pierce College Center for Academic Success. Your job is to go to student clubs and organizations and make a presentation on "Secrets to Succeed in College". Read Chapter 14 before you complete this assignment. Please

Think through the 3x3 process

Do some research and identify:

  1. Habits of successful students
  2. Strategies for Studying
  3. Prepare for test
  4. Common misconceptions and mistakes students make in classes
  5. Time Management
  6. Importance of connecting with students and faculty
  7. Financial Aid

Now prepare a PowerPoint report that you would use to make your presentation to students.

  • Remember the 7x7 rule
  • Remember the outline (Tell them what you are going to tell them, tell them, tell them what you told them)
  • Remember to include visual aids that augment your slide and help with understanding and retention
  • Capture their attention in the first few slides

In: Economics

A certain academic program claims that their students graduate in less than 4 years on average....

A certain academic program claims that their students graduate in less than 4 years on average. A random sample of 50 students is taken and the mean and standard deviation are found. The test statistic is calculated to be -1.69. Using a 5% significance level, the conclusion would be: a) there is sufficient sample evidence for the program’s claim to be considered correct. b) there is insufficient sample evidence for the program’s claim to be considered correct. c) there is insufficient sample evidence for the program’s claim to be considered incorrect. d) there is sufficient sample evidence for the program’s claim to be considered incorrect.

In: Math

This question does not need to coding language, just academic writing. Identify the research questions for...

This question does not need to coding language, just academic writing.

Identify the research questions for the following problem statements: 1) Mixed methods research is an approach that combines quantitative and qualitative research methods in the same research inquiry. Such work can help develop rich insights into various phenomena of interest that cannot be fully understood using only a quantitative or a qualitative method. Notwithstanding the benefits and repeated calls for such work, there is a dearth of mixed methods research in information systems. 2) Non-relational databases (often termed as NoSQL) have recently emerged and have generated both interest and criticism. Interest because they address requirements that are very important in large-scale applications, criticism because of the comparison with well-known relational achievements. One of the major problems often mentioned is the heterogeneity of the languages and of the interfaces they offer to developers and users. Different platforms and languages have been proposed, and applications developed for one system require significant effort to be migrated to another one. 3)Performance measurement and analysis is crucial for steering the organization to realize its strategic and operational goals. Relevant performance indicators and their relationships to goals and activities need to be determined and analyzed. Current organization modeling approaches do not reflect this in an adequate way. 4) Because digital games are fun, engaging, and popular, organizations are attempting to integrate them within organizational activities as serious components, with the anticipation that they can improve employees’ motivation and performance. But in order to do so and to obtain the intended outcomes, it is necessary to first obtain an understanding of how different digital game designs impact players’ behaviors and emotional responses. 5) Deep web or hidden web refers to the hidden part of the Web (usually residing in structured databases) that remains unavailable for standard Web crawlers. Obtaining content of the deep web is challenging and has been acknowledged as a significant gap in the coverage of search engines.

In: Computer Science

What is the difference between Computer Science and Software Engineering? (Academic and in your “own” words...

What is the difference between Computer Science and Software Engineering? (Academic and in your “own” words response)

Give examples of what is considered Computer Science and what is considered Software Engineering. Be very specific.

What is your major and why?

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What is an Solution Architect?
What is the value of a AS? What skills are needed to be a good SA?
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What is Requirements Engineer?

What is the value of a RE? What skills are needed to be a good RE?

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Use sources from Software Engineering by Ian Sommerville when applicable.

In: Computer Science