Question:
Assume you are the owner of TheBlues Inc., an international manufacturer of electronic products, and you are contemplating introducing a new type of Blue Ray player. After considering the potential market share for the product, your accountant estimated that after the first year of the new product on the market, TheBlues inc. may have a financial result ranging from a loss of AUD 280,000 to a profit of AUD 800,000. To take a decision in this situation, you need to assess your utility function over the expected financial outcomes.
you need to assess one of the quantiles of your utility function.
Last digit
2
Quantile index
0.25
Write in words the complete dialog to assess the uncertainty interval of the selected ?-quantile of utility, including:
Initial stage of the assessment process up till first indifference;
Elicitation of the lower bound of the ?-quantile of utility;
Elicitation of the upper bound of the ?-quantile of utility; and
Determination of the final uncertainty interval of the selected ?-quantile of
utility and its suggested point estimate.
1. General questions on probability and statistics: i. The probability of a flood occurring every year is 0.4. What is the probability of this event occurring in year 2 but not in year 1? ii. What is the probability that a 5-year flood event will occur four times in a 10-year period? iii. What is the probability that a 5-year flood will occur less than four times in a period of 10-years? iv . What is the probability that a 5-year flood will not occur at all in a period of 10-years? V . A hydrological engineer wants to design a small dam for a flood whose return period is 50 years. What risk are they willing to accept for the flooding to occur in the next 2 years?11:35 0 elearn.squ.educom Statistics || TallZu Question 1 Not yet answered Marked out of 2.00 Flag question The probability that Bushra eats breakfast and gets to class on time is 0.3. The probability that she eats breakfast is 0.45. If Bushra eats breakfast, what is the probability that she is in time for class? Select one: O a. 0.75 O b. 0.667 O c. 0.135 O d. 0.15 Question 2 Not yet answered Marked out of 2.00 Flag questionMr. Davis randomly selects a student from the class. If the probability of selecting a male is 0.45, the probability of selecting a blonde is 0.13, and the probability of selecting a blonde male is 0.09, then what is the probability that he selects a blonde if we know that he selected a male? The probability of passing a Statistics class is 0.89. If you pass the class, then the probability of getting an A in the class is 0.32. You are currently taking a Statistics class. What is the probability that you will get an A? For question 2, are \"passing\" and "getting an A\" independent events? Justify your answer. Mailings Review View Help Search av AaBbCcDc AaBbCcDo AaBbCc AaBbC v 1 Normal 1 No Spac... Heading 1 Heading Paragraph Styles Instructions: Show your work in calculating each z-value rounded to 2 decimal places o On the blank normal curve, label the horizontal axis with the appropriate z-values o Shade the area under the normal curve that corresponds to the probability you are trying to determine o Show any calculations necessary to determine the final answer o Final answers can be given as decimal numbers to 4 decimal places or percent numbers to 2 decimal places, example: 0.2448 or 24.48% Circle your final answers The average score on a statistics exam was 78.0 with a standard deviation of 5.0. The grades follow the normal distribution. a. What statistics a student is selected at random, what is the probability they achieved a grade greater than 65.0? b. What statistics a student is selected at random, what is the probability they achieved a grade between 78.0 and 85.0? C. What statistics a student is selected at random, what is the probability they achieved a grade less than 72.0? d. What statistics a student is selected at random, what is the probability they achieved a grade between 65.0 and $5.0? e, what statistics a student is selected at random, what is the probability they achieved a grade b een 80.0 and 90.07 O
