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In a project, employee and boss are working altogether. The employee can be sincere or insincere, and the Boss can either reward or penalize. The employee gets no benefit for being sincere but gets utility for being insincere (30), for getting rewarded (10) and for be
Introduction to Probability and Stochastic Assignment 1: 1. Consider an experiment in which one of three boxes containing microchips is chosen at random and a microchip is randomly selected from the box.
Explain lognormal stochastic differential equation for evolution of an asset.
Factorisation by trial division: The essential idea of factorisation by trial division is straightforward. Let n be a positive integer. We know that n is either prime or has a prime divisor less than or equal to √n. Therefore, if we divide n in
Who had find Monte Carlo and finite differences of the binomial model?
Determine into which of the following 3 kinds (A), (B) and (C) the matrices (a) to (e) beneath can be categorized: Type (A): The matrix is in both reduced row-echelon form and row-echelon form. Type (B): The matrix
Consider the following system of linear equations. (a) Write out t
Using the mass balance law approach, write down a set of word equations to model the transport of lead concentration. A) Draw a compartmental model to represent the diffusion of lead through the lungs and the bloodstream.
AB Department Store expects to generate the following sales figures for the next three months:
Caterer determines that 37% of people who sampled the food thought it was delicious. A random sample of 144 out of population of 5000. The 144 are asked to sample the food. If P-hat is the proportion saying that the food is delicious, what is the mean of the sampling distribution p-hat?
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