Questions
Consider the following payoff table giving profits for various situations: States of Nature Alternatives A B...

Consider the following payoff table giving profits for various situations: States of Nature Alternatives A B C ALT 1 120 140 120 ALT 2 200 100 50 ALT 3 100 120 180 Do nothing 0 0 0 probability .3 .5. .2 Solve the following problems based on above payoff table 1. If a person were to use the expected monetary value criterion (EMV), what decision would be made? A) Alternative 1 B) Alternative 2 C) Alternative 3 D) Do Nothing 2. If a person selected Alternative 3, what would the expected profit be? A) 130 B) 120 C) 126 D) 0 3. What is the expected value of perfect information? A) 166 B) 36 C) 130 D) 120 4. What is the minimum expected opportunity loss (EOL)? A) 36 B) 46 C) 40 D) 166 5. A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with no survey is $62,000. If the expected monetary value with the survey is $45,000, what is the expected value of sample information (EVSI)? A) $7,000 B) $62,000 C) -$7,000 D) $55,000 6. Draw a complete decision tree (show all the alternatives, state of nature, probabilities and pay off for each possible combination) and show the best alternative (what is your recommendation). 5 points

In: Statistics and Probability

1. the following is a payoff table giving profits for various situations. states of nature ......

1. the following is a payoff table giving profits for various situations. states of nature ... Question: 1. The following is a payoff table giving profits for various situations. &nb... 1. The following is a payoff table giving profits for various situations. States of Nature Alternatives A B C Alt-ve 1 100 120 180 Alt-ve 2 120 140 120 Alt-ve 3 200 100 50 Do Nothing 0 0 0 1. If a person were to use the expected monetary value criterion (EMV), what decision would be made? A) Alternative 1 B) Alternative 2 C) Alternative 3 D) Do Nothing 2. If a person selected Alternative 3, what would the expected profit be? A) 130 B) 120 C) 126 D) 0 3. What is the expected value of perfect information? A) 166 B) 36 C) 130 D) 120 4. What is the minimum expected opportunity loss (EOL)? A) 36 B) 46 C) 40 D) 166 5. A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with no survey is $62,000. If the expected monetary value with the survey is $45,000, what is the expected value of sample information (EVSI)? A) $7,000 B) $62,000 C) -$7,000 D) $55,000 6. Draw a complete decision tree (show all the alternatives, state of nature, probabilities and pay off for each possible combination) and show the best alternative (what is your recommendation). 5 points

In: Statistics and Probability

Can someone send me a screen shot of how to input this into SPSS data and...

Can someone send me a screen shot of how to input this into SPSS data and variable view to obtain the information provided below?

Question 1

The nominal scale of measurement is used to measure academic program in this example because data collected for the students is nothing but the names of their major subjects or classes and their status of mood whether they are nervous or excited.

Question 2

The nominal scale of measurement is used to measure feeling about PSY 3002 because the feeling is explained by two categories such as nervous and excited.

Question 3

This scenario required a Chi-square test of independence between two categorical variables. For this scenario, two categories are given as major subject and feeling. Here, we have to check the hypothesis whether the two categorical variables major subject of student and feeling of a student are independent of each other or not.

Question 4

For this scenario, the null and alternative hypotheses are given as below:

Null hypothesis: H0: The two categorical variables major subject of student and the feeling of the student are independent of each other.

Alternative hypothesis: Ha: The two categorical variables major subject of student and feeling of student are not independent from each other.

We can also write these hypotheses as below:

Null hypothesis: H0: There is no any relationship between two categorical variables such as major subject of student and feeling of student.

Alternative hypothesis: Ha: There is a relationship between the two categorical variables such as major subject of student and feeling of student.

Question 5

The Chi square test statistic is given as 16.94235589.

Question 6

Number of rows = r = 2

Number of columns = c = 2

Degrees of freedom = (r – 1)*(c – 1) = (2 – 1)*(2 – 1) = 1*1 = 1

Degrees of freedom = 1

Question 7

P-value = 0.0000385

(by using Chi square table or excel)

Question 8

Reject the null hypothesis because p-value is less than alpha value 0.05.

Question 9

Yes, results are statistically significant because p-value for this test is given as 0.0000385 which is less than alpha value 0.05.

Question 10

There is sufficient evidence to conclude that there is a relationship between the two categorical variables such as major subject of student and feeling of student.

There is sufficient evidence to conclude that two categorical variables major subject of student and feeling of student are not independent from each other.

Required output for Chi square test is given as below:

Observed Frequencies

Column variable

Row variable

Nursing

Psychology

Total

Nervous

16

3

19

Excited

4

17

21

Total

20

20

40

Expected Frequencies

Column variable

Row variable

Nursing

Psychology

Total

Nervous

9.5

9.5

19

Excited

10.5

10.5

21

Total

20

20

40

Data

Level of Significance

0.05

Number of Rows

2

Number of Columns

2

Degrees of Freedom

1

Results

Critical Value

3.841459149

Chi-Square Test Statistic

16.94235589

p-Value

0.0000385

Reject the null hypothesis

In: Math

True or False 1. Ceramics often fracture below their theoretical strength due to cracks which concentrate...

True or False

1. Ceramics often fracture below their theoretical strength due to cracks which concentrate the applied stress.

2. The interstitial diffusion coefficient for a small atom diffusing in a metal is usually larger than its diffusion coefficient via a vacancy mechanism.

3. BCC, HCP, FCC are all Bravais lattices belonging to the cubic crystal system.

4. The larger the number of slip systems available to a metal, the easier it is to deform.

5. HCP has an "abab" stacking sequence, FCC has an "abcabc" stacking sequence.

6. Dislocations move most easily in a crystal along the highest density planes along the lowest density direction.

7. There are 14 Bravais lattices, each of which belongs to one of the 7 crystal systems.

8. Elastic deformation results from the breaking and reforming of bonds.

9. Thermal expansion in crystalline materials is the result of an asymmetry in the repulsive and attractive force curves between pairs of atoms.

10.Graphite and diamond are two different phases of carbon.

In: Mechanical Engineering

Imagine you wanted to design a quasi-experiment to study the hypothesis that Changing the start of...

Imagine you wanted to design a quasi-experiment to study the hypothesis that Changing the start of the day in high school start time to 8:30 a.m. or later causes teens to suffer less depression. Imagine that there are four public high schools, all in the same area of the country, that are willing to participate in this study. Currently, they all start between 7:20 a.m. and 7:35 a.m., but in fact, two of the high schools are already planning to change their starting times next fall.

1.Why might it be more practical to conduct a quasi-experiment on this question, rather than a true experiment? (2 pts)

2. Using one of the designs below, design a quasi-experiment to research this question. Clearly identify which study type you are using and clearly demonstrate knowledge of the study design. (4 pts)

•Nonequivalent control group design (posttest-only)

•Nonequivalent control group design (pretest/posttest).

•Interrupted time-series design

•Nonequivalent control group interrupted time-series design

In: Statistics and Probability

Write a recursive function named multiply that takes two positive integers as parameters and returns the...

Write a recursive function named multiply that takes two positive integers as parameters and returns the product of those two numbers (the result from multiplying them together). Your program should not use multiplication - it should find the result by using only addition. To get your thinking on the right track:

7 * 4 = 7 + (7 * 3)

7 * 3 = 7 + (7 * 2)

7 * 2 = 7 + (7 * 1)

7 * 1 = 7

So, 7 * 4 = 7 + (7 + (7 + (7)))

The file must be named: multiply.py Must use Python, NOT C++

In: Computer Science

Two charges, +5 µC and +17 µC, are fixed 1 m apart, with the second one...

Two charges, +5 µC and +17 µC, are fixed 1 m apart, with the second one to the right. Find the magnitude and direction of the net force (in N) on a −7 nC charge when placed at the following locations. (a) halfway between the two magnitude N direction (b) half a meter to the left of the +5 µC charge magnitude N direction (c) half a meter above the +17 µC charge in a direction perpendicular to the line joining the two fixed charges (Assume this line is the x-axis with the +x-direction toward the right. Indicate the direction of the force in degrees counterclockwise from the +x-axis.) magnitude N direction ° counterclockwise from the +x-axis

In: Physics

You are offered an annuity that will pay you 10,000 at the endof each year...

You are offered an annuity that will pay you 10,000 at the end of each year for 20 years, with the first payment being in 10 years from today. If the interest rate is 12% annually, what is this annuity worth to you today?

Martha receives $1000 on the first of each year. Stewart receives $100 on the last day of each year. Both Martha and Stewart will receive payments for 11 years. At an 8% discount rate, what is the difference in the present value of these two sets of payments?

What is the present value of a perpetuity that will pay $10,000 in one year and grow at 3% annually, if the discount rate is 10%. (first payment at the end of this year).

Ben invested $5,000 twenty years ago in an account that has paid him 5% with semiannual compounding. How much does Ben have in his account today.?

You plan on investing $10,000 at the end of each year for the next 20 years. You found an investment that will pay you 8% annual percentage rate with daily compounding. How much will you end up in your investment account at the end of 20 years?


In: Finance

LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for...

LIFO Perpetual Inventory

The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows:

Date Transaction Number
of Units
Per Unit Total
Apr. 3 Inventory 36 $525 $18,900
8 Purchase 72 630 45,360
11 Sale 48 1,750 84,000
30 Sale 30 1,750 52,500
May 8 Purchase 60 700 42,000
10 Sale 36 1,750 63,000
19 Sale 18 1,750 31,500
28 Purchase 60 770 46,200
June 5 Sale 36 1,840 66,240
16 Sale 48 1,840 88,320
21 Purchase 108 840 90,720
28 Sale 54 1,840 99,360

Required:

1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

In: Accounting

he beginning inventory at Dunne Co. and data on purchases and sales for a three-month period...

he beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows:

Date Transaction Number
of Units
Per Unit Total
Apr. 3 Inventory 72 $375 $27,000
8 Purchase 144 450 64,800
11 Sale 96 1,250 120,000
30 Sale 60 1,250 75,000
May 8 Purchase 120 500 60,000
10 Sale 72 1,250 90,000
19 Sale 36 1,250 45,000
28 Purchase 120 550 66,000
June 5 Sale 72 1,315 94,680
16 Sale 96 1,315 126,240
21 Purchase 216 600 129,600
28 Sale 108 1,315 142,020

Required:

1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column

In: Accounting