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question fine hair is developing a new product to promote hair growth in cases of male pattern baldness if fine hair
question a product manager at clean amp brite campb wants to determine whether her company should market a new brand of
question following up on the previous problem the expected net gain from information is defined as the expected amount
question prior probabilities are often educated guesses at best so it is worth performing a sensitivity analysis on
question in the acme problem perform a sensitivity analysis on the quantity sold from a great national market the value
question using trial and error on the prior probabilities in the acme problem find values of them that make evsi equal
question we related evpi to the value of an envelope that contains the true ultimate outcome this concept can be
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