EXERCISE 4.10 STRIKES AND THE ULTIMATUM GAME
A strike over pay or working conditions may be considered an example of an ultimatum game.
1. To model a strike as an ultimatum game, who is the Proposer and who is the Responder?
2. Draw a game tree to represent the situation between these two parties.
3. Research a well-known strike and explain how it satisfies the definition of an ultimatum game.
4. In this section, you have been presented with experimental data on how people play the ultimatum game. How could you use this information to suggest what kind of situations might lead to a strike?
In: Economics
Consumer Reports tested 11 brands of vanilla yoghurt and found these numbers of calories per serving:
130 160 150 120 120 110 170 160 110 130 90
Use a 0.05 significance level to test the claim that the mean serving is equal to 120 calories, as a diet guide claim.
1. State the hypotheses and identify the claim
2. Find the critical value or values
3. Find the test statistic. First state the calculator command used to find it.
4. Make the decision about the null hypothesis
5. Draw conclusion about the claim
In: Statistics and Probability
** Remember, there are examples in your notes at the end of each section**
The data set "cars" in R has 2 variables with 50
observations.
speed: numeric Speed (mph)
dist: numeric Stopping distance (ft)
Fill in the missing boxes below in the R code and then the corresponding predictor table from R.
Assume we want to test if dist a car travels can be determined by speed.
dat.lm = lm( __ ~ __ , data = __ )summary( __ )
| Estimate | Std. Error | t | Pr(>|t|) | |
| Intercept | 0.0123 | |||
| speed | 1.49e-12 |
a) Write the least squares line from the table above in the form
?̂= a + bx but filling the with the estimates of the
coefficients.
?̂= __ + __x
b) Is there evidence to support that dist increases as the speed
increases? Use ?=0.05.
1. ?0 : ?1 = 0 vs. ?? : ?1>
0
2. ? = 0.05
3. t = __
4. Critical t0.05,48 = t0.05,40 = __
5. Conclusion:
Reject H0 OR Fail to reject H0
Interpretation:
There is sufficient evidence to support that dist increases as
speed increases. OR
There is not sufficient evidence to support that dist increases as
speed increases.
c) Find the 90% confidence interval for ?.
confint(dat.lm, 'speed', level = 0.90)
( __ , __ )
d) Find the 95% prediction interval for the mean when speed = 22.
newdat = data.frame( __ = __ )
predict( __ , __ , interval = 'prediction')
fit = __ , lwr = __ , upr = __
In: Statistics and Probability
Portfolio Section C: ICT4D Applications in your Sector of Development
In: Operations Management
What are the beliefs about death and dying? How comfortable are people talking about your own mortality? How comfortable would a nurse be discussing their patient's mortality?
In: Nursing
First, choose an ICS/SCADA system to depict. This may be a real or fictitious system. If it is a real system, please include citations for the organization and system design. Then, present the following sections in your paper:
In: Computer Science
In: Operations Management
Discuss in detail the main characteristics and values of an encourager, paraphrase, and summarization? What can you expect when you use encouragers, paraphrases, and summarizations? Explore why these are important skills to obtain for human service workers.
In: Psychology
In: Nursing
What were the main causes of the transition to capitalism in Europe? Compare Heilbroner and Marx on this issue. How was this transition related to the rise of modern political economy? Compare this relationship to the decline of classical political economy after 1830, according to Marx. Please explain in detail.
In: Economics