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qusetion the concept behind evpi is that you purchase perfect information the envelope then open the envelope to see
question for each of the following use a one-way data table to see how the posterior probability of being a drug user
question in the drug testing assume there are three possible test results positive negative and inconclusive for a drug
question referring to the previous problem find the same probabilities through the counting argument explained in this
question suppose you are a heterosexual white male and are going to be tested to see if you are hiv positive assume
question in deciding whether to perform mandatory drug testing we claimed that it is difficult to justify such testing
question in the drug testing decision find and interpret evsi and evpi here sample information refers to the
question explain in general why evsi is the same regardless of the actual cost of the information for example in the
question in the sci tools example the probabilities for the low bid of competitors given that there is at least one
question in the sci tools example use a two-way data table to see how or whether the optimal decision changes as the
question referring to the previous problem another possible criterion is called expected regret here you calculate the
question in the scitools example you might argue that there is a continuum of possible low competitor bids given that
question in the sci tools example make two changes change all references to 115000 to 110000 and change all references
question cashing in on the lotterymany states supplement their tax revenues with state-sponsored lotteries most of them
question eurowatch companythe euro watch company assembles expensive wristwatches and then sells them to retailers
question suppose the demands in successive weeks for your product are normally distributed with mean 100 and standard
question many basketball players and fans believe strongly in the hot hand that is they believe that players tend to
question for real applications the normal distribution has two potential drawbacks 1 it can be negative and 2 it isnt
question your company is running an audit on the sleaze company because sleaze has a bad habit of overcharging its
question continuing the previous problem suppose that when sleaze overcharges a customer the distribution of the amount
question your manufacturing process makes parts such that each part meets specifications with probability 098 you need
question one disadvantage of a normal distribution is that there is always some probability that a quantity is negative
question in the game of soccer players are sometimes awarded a penalty kick the player who kicks places the ball 12
research proposalresearch proposal specificsyou are about to commence a new research project in a business field of
question for each of the following uncertain quantities discuss whether it is reasonable to assume that the probability