Suppose that you have two four-sided dice that are each equally weighted (i.e. equal chance of any of the four sides landing face up). One of them has values [12.5968, 2, -2 and -12.5968] , the other [12.5968, 4, -2 and -12.5968] Which of them has a σ of 9 using the probability model approach. a) [12.5968, 2, -2 and -12.5968] B) [12.5968, 4, -2 and -12.5968]
Q: The Board of ABC, a large drinks manufacturer, decided to set up an internal audit function. The…
A: The objective of the question is to discuss the issues raised by the Board of ABC regarding the…
Q: Which of the following is false about virtual organisations? O Costs are lower due to lower…
A: The false statement about virtual organizations is:Option BNegotiating revenue or profit-sharing…
Q: The cost of capital for foreign investment Identify and analyze the opportunities for foreign…
A: Investing in foreign markets can offer numerous opportunities for investors and Multinational…
Q: What was Richard Bennett’s responsibility to his subordinates in assuring an ethical work…
A: Richard Bennett's responsibility to his subordinates in assuring an ethical work environment is…
Q: identify and explian one main gap of coca cola between manufactures and customers in which the coca…
A: The objective of this question is to identify a key gap in the supply chain of Coca Cola,…
Q: Identify three specific actions you can take as a student to develop a higher, more professional…
A: Emotional Intelligence - works as the ability to analyze, understand, and control your own emotions…
Q: Steve Elroy needs an installment loan of $1,900. He must pay the loan at $169.00 a month for 12…
A: Steve Elroy is looking to take out an installment loan for $1,900. The loan will be repaid in equal…
Q: Which of the following categories of e-business would an EDI (electronic data interchange) system…
A: Organizations function in an environment which keeps on changing. It is important to utilize new…
Q: Discuss the role of surveying in telecommunications infrastructure planning?
A: In the ever-evolving landscape of telecommunications, the role of surveying is indispensable in the…
Q: Employee motivation is crucial for organizational success as it directly impacts productivity,…
A: Employee motivation refers to the set of factors and processes that drive individualities within…
Q: Innovating Green: EcoTech's Journey in Sustainable Energy Solutions In 2021, in the heart of…
A: The question aims to understand the strategies employed by EcoTech, a startup in the energy sector,…
Q: 4. Human Resource Strategya) As discussed in the course, identify, and discuss three habits…
A: 4. Human Resource Strategya) Habits of Strategic LeadersStrategic leaders play a critical role in…
Q: Diversity and inclusion (D&I) have emerged as critical imperatives for organizations seeking to…
A: Diversity refers to the presence of a wide range of individual differences and parallels within a…
Q: Company: Accor Hotel Analysis of the firm Use an appropriate technique to evaluate the firm’s key…
A: Competitor analysis is a crucial component of strategic planning for businesses. It involves…
Q: Eddy is a seasoned real estate investor who specializes in retail properties. Eddy learned the power…
A: The objective of the question is to identify the action that Eddy, a seasoned real estate investor…
Q: can you explain SWOT analysis of UNHCR, Is it a organization that attracts employees to work with?
A: The objective of this question is to conduct a SWOT (Strengths, Weaknesses, Opportunities, and…
Q: Which of the following on McFarlan's grid best describes applications that may be of future…
A: The quadrant that best describes applications that may be of future strategic importance is:…
Q: Select six stakeholders, of which three are internal (e.g. employees, shareholders, management) and…
A: Internal Factors:Employees:Wage increases and improved working conditions in response to employee…
Q: Noe (2010pp.125-135) asserts there are three stages involved in the HR Planning Process. ·…
A: The objective of the question is to identify three areas where a General Manager can provide support…
Q: Is "going shopping" dead? Or dying? If so, what can be done, if anything? What can retailers do?…
A: The question is asking whether the traditional method of shopping, which involves physically going…
Q: What do you think will be the impact on the company if they do not adopt AI partially/fully
A: The objective of the question is to understand the potential impact on a company if it does not…
Q: Competitive interest rates are essential to attract and support SMEs. In a market filled with…
A: Competitive Interest Rates:Risk-based pricing: Offer more than just one interest rate. Create a…
Q: From the Research Topic - "An Analysis of the factors influencing Recruitment, Selection and…
A: Note: Citations will not be provided as it is against our guidelines.Human resources management…
Q: What risk do black-box algorithms pose when supporting critical HR decisions?Question 1 options:…
A: Black-box algorithms pose a significant risk when supporting critical HR decisions because they can…
Q: Change management is the process of planning, implementing, and monitoring changes in an…
A: Management incorporates the most common way of arranging, coordinating, driving, and controlling…
Q: I am building an A3 document and need help Title: Improving my morning routine 1. What…
A: KPI stands for Key Performance Indicator. It's a measurable value that tracks how well you're…
Q: Bob writes an email to the managing partner of the firm sa declines to hire Sally for an open…
A: Discrimination implies the unfair behavior of individuals or groups based on some features, such as…
Q: Phil and Sandy are looking to purchase their first home together. Both of them recently graduated…
A: The objective of the question is to identify the most suitable type of loan for Phil and Sandy, who…
Q: how to write a great speech
A: The connecting line that links through the structured network of organizational dynamics is known as…
Q: Finally, how does one overcome resistance to the change management initiative? What specific…
A: Overcoming resistance to change management initiatives is a critical challenge faced by…
Q: What is the significance of the concept of Pareto efficiency in game theory? a) It represents a…
A: Pareto efficiency in game theory refers to an allocation of resources or an outcome in a strategic…
Q: State two (2) disadvantages of debt financing
A: The objective of the question is to identify and explain two disadvantages of debt financing. Debt…
Q: You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly…
A: Setting strategic direction, reviewing the external environment, and evaluating internal resources…
Q: What is a basic business plan for a medical transportation company to transport people. What is the…
A: Business planning includes the deliberate process of recognizing, dissecting, and creating…
Q: Conflict resolution in the workplace is essential for maintaining a productive and harmonious work…
A: Conflict management refers to the way we identify and handle conflicts fairly and efficiently. It…
Q: Performance appraisal is a systematic process of evaluating the job performance of employees and…
A: The objective of this question is to understand the strategies that organizations can employ to…
Q: Different organizations in the same industry often end up in different locations along the…
A: Human resource management is the aspect of management that deals with all the functions and…
Q: Noe (2010pp.125-135) asserts there are three stages involved in the HR Planning Process. ·…
A: Introduction:In today's rapidly evolving business landscape, HR planning plays a pivotal role in…
Q: Company: Accor Hotel UK Analysis of the firm in detail Use an appropriate technique to evaluate…
A: Accor Hotel UK operates within the hospitality industry, encompassing hotels, restaurants, pubs,…
Q: Sectio Candidate: SHARMA Him If a portfolio manager believes that markets are efficient, what…
A: In the realm of portfolio management, differing beliefs about market efficiency lead to distinct…
Q: What is an example of a learning objective for a lesson on Integrating Writing in Math in a…
A: The objective of the question is to create a learning objective for a first-grade lesson that…
Q: Why might a borrower prefer a fully amortizing loan over an adjustable-rate mortgage? О The monthly…
A: The question is asking why a borrower might prefer a fully amortizing loan over an adjustable-rate…
Q: SPEED LIMIT 24
A: It seems like you've mentioned "speed limit 24." Explanation:Step 1:It seems like you've mentioned…
Q: Integrating PETSEL insights , write a pargraph on the summary of facts of the Poland situation,…
A: In Poland, the furniture market is a significant sector with a value of $3.2 billion, consistently…
Q: Ghemawat discusses differentiation and low-cost strategies. In What is Strategy (week 1 reading),…
A: An organization's strategy is a blueprint for decisions that outline its goals and objectives,…
Q: Team organizational structure is in wide use in organizations today, yet managing teams is difficult…
A: In today's dynamic and complex business environment, team organizational structures have become…
Q: Jessica's house sells for $235,000 and she pays a 6% real estate commission to the listing broker,…
A: The objective of the question is to find out how much commission Harry earns from the sale of…
Q: Please write it 300 words for each discussion questions.1) Some recent studies indicate that nine…
A: Human resource management is the aspect of management that is concerned with managing, supporting,…
Q: A business model canvas is the visual representation of the actual business model. Ithighlights all…
A: The objective of this question is to provide a detailed description of the nine building blocks of a…
Q: what are the steps involved in innovation process
A: The objective of the question is to understand the various steps involved in the innovation process.…
Suppose that you have two four-sided dice that are each equally weighted (i.e. equal chance of any of the four sides landing face up). One of them has values [12.5968, 2, -2 and -12.5968] , the other [12.5968, 4, -2 and -12.5968] Which of them has a σ of 9 using the probability model approach.
a) |
[12.5968, 2, -2 and -12.5968] |
|
B) |
[12.5968, 4, -2 and -12.5968] |
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- In this version of dice blackjack, you toss a single die repeatedly and add up the sum of your dice tosses. Your goal is to come as close as possible to a total of 7 without going over. You may stop at any time. If your total is 8 or more, you lose. If your total is 7 or less, the house then tosses the die repeatedly. The house stops as soon as its total is 4 or more. If the house totals 8 or more, you win. Otherwise, the higher total wins. If there is a tie, the house wins. Consider the following strategies: Keep tossing until your total is 3 or more. Keep tossing until your total is 4 or more. Keep tossing until your total is 5 or more. Keep tossing until your total is 6 or more. Keep tossing until your total is 7 or more. For example, suppose you keep tossing until your total is 4 or more. Here are some examples of how the game might go: You toss a 2 and then a 3 and stop for total of 5. The house tosses a 3 and then a 2. You lose because a tie goes to the house. You toss a 3 and then a 6. You lose. You toss a 6 and stop. The house tosses a 3 and then a 2. You win. You toss a 3 and then a 4 for total of 7. The house tosses a 3 and then a 5. You win. Note that only 4 tosses need to be generated for the house, but more tosses might need to be generated for you, depending on your strategy. Develop a simulation and run it for at least 1000 iterations for each of the strategies listed previously. For each strategy, what are the two values so that you are 95% sure that your probability of winning is between these two values? Which of the five strategies appears to be best?The game of Chuck-a-Luck is played as follows: You pick a number between 1 and 6 and toss three dice. If your number does not appear, you lose 1. If your number appears x times, you win x. On the average, use simulation to find the average amount of money you will win or lose on each play of the game.You now have 5000. You will toss a fair coin four times. Before each toss you can bet any amount of your money (including none) on the outcome of the toss. If heads comes up, you win the amount you bet. If tails comes up, you lose the amount you bet. Your goal is to reach 15,000. It turns out that you can maximize your chance of reaching 15,000 by betting either the money you have on hand or 15,000 minus the money you have on hand, whichever is smaller. Use simulation to estimate the probability that you will reach your goal with this betting strategy.
- Suppose that you have two four-sided dice that are each equally weighted (i.e. equal chance of any of the four sides landing face up). One of them has values [12.5968, 2, -2 and -12.5968] , the other [12.5968, 4, -2 and -12.5968] . Which of them has a µ of zero using the probability model approach. 1. [12.5968, 4, -2 and -12.5968] 2. [12.5968, 2, -2 and -12.5968]7. A piece of equipment has a lifetime T (measured in years) that is a continuous ran- dom variable with cumulative distribution function F(t) = 1 – e/10 – (1/10) e¯/10 for all t> 0. a. What is the probability density function of T? b. What is the probability that a piece of equipment survives more than 20 years? c. What is the probability that a piece of equipment survives more than 10 years but fewer than 20 years? d. What is the probability that a piece of equipment survives more than 20 years given that it has survived for 10 years? 8. For the equipment mentioned in Problem 7, a. Derive the failure rate function r(1), and draw a graph of the function. b. Without using the failure rate function, determine the probability that a piece of equipment that has survived 20 years of operation fails in the 21st year. c. Does r(20) accurately estimate your answer to part (b)? Why or why not?Which of the following is a likely source of basis risk? All of these None of these Crude oil is being used to hedge the price risk of downstream (refined) petroleum product O The termination date of exposure is two weeks later than the contract expiration date. A power plant in the Northeast is managing its input (natural gas) risk using a contract priced at Henry Hub, Louisiana.
- |At the Pleasant Haven Hotel there are 36 rooms. The profit earned when a room is sold for a night is $53. If Pleasant Haven overbooks, by selling more reservaitions than they have rooms and they end up having a customer whose reservation cannot be fulfilled, the loss to Pleasant Haven is $30 for that customer. Regardless of the number of rooms booked, the probability of one no show is 60% and the probability of 2 no shows is 20%. There is zero probability of more than 2 no shows. For a night when requests are exceeding the 36 rooms, what is the optimal number of reservations to accept? Assume there is no penalty for a customer who does not show up, i.e., Pleasant Haven does not make $53 on a customer that is a no show. What is the expected net for booking each of the following: (Net means profit minus any overbooking loss.) 36 customers 37 customers 38 customers What is the best number of book?Fill in the P(X=x) values to give a legitimate probability distribution for the discrete random variable X, whose possible values are -3, 0, 4, 5, and 6. Value x of X P (X = x) -3 0 0.23 5 0.17 6 0.30Planetary Communications, Inc., intends to launch a satellite that will enhance reception of television programs in Alaska. According to its designers, the satellite will have an expected life of sixyears. Assume the exponential distribution applies. Determine the probability that it will functionfor each of the following time periods:a. More than 9 years
- A product is composed of four parts. In order for the product to function properly in a given situation, each of the parts must function. Two of the parts have a .96 probability of functioning, and twohave a probability of .99. What is the overall probability that the product will function properly?Planetary Communications, Inc., intends to launch a satellite that will enhance reception of television programs in Alaska. According to its designers, the satellite will have an expected life of sixyears. Assume the exponential distribution applies. Determine the probability that it will functionfor each of the following time periods: b. Less than 12 yearsIf events X and Y are mutually exclusive then A- P(X)P(Y) = 0 B- they are independent events C- their joint probability is zero D- P(X)P(Y) = P(X | Y)