In 2015, Samantha loaned her friend Lo Ping $15,000. The loan required Lo Ping to pay interest at 8% per year and to pay back the $15,000 loan principal on July 31, 2017. Lo Ping used the loan to start a clothing store. Lo Ping paid Samantha interest on the loan in 2015 and 2016. Although her store appeared to be very successful, her accountant continued to inform her that her business was barely making a profit because of its “high cost structure.” In early 2017, Lo Ping became suspicious of her accountant’s claims and hired a local CPA firm to examine her accounting records. The CPA firm discovered that Lo Ping’s accountant had embezzled $30,000. As a result, Lo Ping had to file for bankruptcy. It is estimated that Samantha will receive 30% of the amount she loaned Lo Ping and that the bankruptcy proceedings will conclude in either December 2017 or January 2018 Samantha also is considering whether to sell 200 shares of stock in late 2017 or early 2018. The shares are expected to generate a $2,500 loss. This is the only sale of stock Samantha anticipates making. Explain to Samantha why it is important to determine the date that the bankruptcy proceedings will be concluded before selling her 200 shares of stock.
In: Finance
You are playing rock, paper, scissors (RPS) with a friend.
Because you are good at predicting your friend’s strategy, there is
a 60% chance each time that you play her, that you win. You play 7
games of rock, paper scissors with your friend and would like to
know how many of them you win. Use this information to answer the
following questions.
1. What is the random variable in this example?
a. X = number of times your friend wins at RPS
b. X = wins
c.X = times you win
d. X = number of times you win at RPS
2. What kind of random variable is X?
a. Discrete
b. Continuous - unbounded
c. Continuous - bounded
3. For this problem, what would constitute a success and what is
the probability that a success occurs?
a. Your friend winds a game of RPS, 60%
b. Your friend winds a game of RPS, 40%
c. You win a game of RPS, 40%
d. You win a game of RPS, 60%
4. What is the distribution of the random variable?
a. X ~ negbin(7, 0.6)
b. X ~ binomial
c. X ~ bin(7, 0.6)
d. X ~ bin(3, 0.6)
5. What is the probability that you win exactly three of the seven
games played? (To four decimal places)
6. What is the probability that you win five or fewer games? (To
four decimal places)
In: Statistics and Probability
Consider the Monty Hall problem.Verify the results using by writing a computer program that estimates the probabilities of winning for different strategies by simulating it.
1. First, write a code that randomly sets the prize behind one of three doors and you also randomly select one of the doors. You win if the the door you selected has the prize (Here, we are simulating ’stick to the initial door’ strategy). Repeat this experiment 100 times and compute the average number of wins.
2. Next, try simulating the switching strategy. Find the door the host will open and change your initial door with the door not opened by the host. Also repeat this experiment 100 times and compute the average number of wins. If you did everything right, the first code should yield the probability of winning as ≈ 1/3 and the second code should yield ≈ 2/3. You can use any programming language you want (MATLAB, Python etc.)
In: Advanced Math
In: Physics
|
Probability Distribution |
|
|
X |
P (X) |
b)How much should the casino charge for this game if they want to make a profit in the long run? Show the calculations that support your decision
c)What is the standard error, σX, for this gamble
|
Distribution of X |
||
|
X |
P (X = k) |
P (X ≤ k) |
|
0 |
||
|
1 |
0.4219 |
|
|
2 |
||
|
3 |
0.0469 |
|
|
4 |
0.0039 |
|
In: Statistics and Probability
In: Statistics and Probability
Consider a sealed-bid auction in which the winning bidder pays the average of the two highest bids. As in the auction models considered in class, assume that players have valuations v1 > v2 > ... > vn, that ties are won by the tied player with the highest valuation, and that each player’s valuation is common knowledge.
Is there any Nash equilibrium in which the two highest bids are different? If there is, give an example. If there is not, prove that no such equilibrium exists.
Is there any Nash equilibrium in which a player other than the one with the highest valuation wins? If there is, give an example. If there is not, prove that no such equilibrium exists.
Will bidding more than one’s own valuation be weakly dominated in this auction? Will bidding one’s own valuation exactly be weakly dominated? Will bidding less than one’s own valuation be weakly dominated?
What is the highest possible winning bid in any Nash equilibrium of this game? What is the lowest possible winning bid in Nash equilibrium.
In: Economics
On PC1, start a continuous ping to 192.168.1.1 and 2001:db8:acad:1000::1
I know about the -t switch to make a continuous ping, but how do I get both pings going at the same time? This is for a lab and one of the steps is the one above, but I wasn't aware you could have 2 continuous pings going on on the same PC without stopping one of them. What's the command I should use? I know I should use Ping 192.168.1.1 -t to start the first ping, and ctrl c stops it, but how do I get both going at once? Thanks
In: Computer Science
Provide a diagram for each situation. A 45kg woman is riding on an elevator. What are her net force, force of gravity, and normal force for her when:
1) The elevator is stationary on the 20th floor of a building
2) The elevator has a downward acceleration with a magnitude of 1.5 meters per second squared.
3) The elevator has a constant downward velocity of 3 meters per second.
4) The elevator accelerates upward with a magnitude of 1.5 meters per second squared to stop at the 5th floor
5) The elevator cable suddenly breaks and the elevator undergoes free fall/
In: Physics
The following table shows the number of wins eight teams had during a football season. Also shown are the average points each team scored per game during the season. Construct a 90% prediction interval to estimate the number of wins for teams that scored an average of 27 points a game.
| Points_per_Game | Wins |
| 25.3 | 12 |
| 18.7 | 6 |
| 20.6 | 5 |
| 24.6 | 9 |
| 12.5 | 2 |
| 22.4 | 7 |
| 22.7 | 12 |
| 23.7 | 9 |
In: Statistics and Probability