Description
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Slope=-1
Intercept=7
Completion Status:
100%
Review
Review
Anonymous
Nice! Really impressed with the quality.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
12 pages
Ncu Tim7101 Interpret Statistical Output
The video game dataset provided comprises columns labeled, Date, Visits, VisitTime, TotalTime, Game, and Advertising. The ...
Ncu Tim7101 Interpret Statistical Output
The video game dataset provided comprises columns labeled, Date, Visits, VisitTime, TotalTime, Game, and Advertising. The two main variables to be ...
Week 2: Assignment: Applying Probability Theory
What are some ways that you can think of to apply probability theory in business or even in one’s personal life? For exa ...
Week 2: Assignment: Applying Probability Theory
What are some ways that you can think of to apply probability theory in business or even in one’s personal life? For example, if you were playing a game of poker with your friends, it would be helpful to know how the probability for winning a hand with a pair of aces in your hand is different than if you were holding a two of clubs and nine of hearts. When investing your money, you might need to choose between an investment that has a 95% chance to earn 3% or one that has a 65% chance to earn 30%. Business owners and managers make numerous decisions throughout the life of the business that are based on the probability of an event happening, consumer tastes changing or remaining the same, a production goal being met on time, and so on.In this Assignment, you will respond to a set of questions that focus on probability theory, including how the concept informs decision making and can be used by organizations.Submit your responses to the following prompts.A midsized company recently divided all employees into four divisions. Division 1 makes up 43% of the company, Division 2 makes up 40%, Division 3 makes up 12%, and Division 4 makes up 5%. Choose one employee at random. Find the probability for each of the following statements. (75 words, or 1 paragraph)The employee belongs to Division 1. The employee belongs to either Division 2 or Division 3. The employee does not belong to Division 1 or Division 2.Jasmine Robbins wants to open an independent coffee shop in a town that already has 9 coffee shops: 3 Mocha Moose, 2 Elkhorn Coffee, and 4 Morning JoJo. She is trying to determine the probability of choices that potential customers may make. Here is one of her questions: If a person selects one shop at random to purchase coffee, find the probability that it is either a Mocha Moose or a Morning JoJo. Explain your answer. (75 words, or 1 paragraph)The following chart shows the number of customer complaints from three regions of an organization for two separate years. 20182017Northeast region 6,493 3,401 Southeast region 732 2,513 Central region 3,706 1,082 Find the probability for each question. (75 words, or 1 paragraph)What is the probability that a complaint was from the Southeast region, given it was in 2017? What is the probability that a complaint was from the Central region, given it was in 2018? What is the probability that a given complaint did not occur in 2018 and was not from the Southeast region? What is the probability that two complaints chosen at random were both from the Northeast region? A management consulting team needs a team of four to analyze the operations of a new client. The team should comprise an accountant, a production specialist, a finance specialist, and a management specialist. On its staff, the consulting firm has available six accountants, five production specialists, three finance specialists, and eight management specialists. How many different teams could be formed from the available individuals? (75 words, or 1 paragraph)In a batch of 20 television picture tubes, 5 are known to be defective. What is the probability that a random sample of 5 (without replacement) will result in each of the following? (75 words, or 1 paragraph)Exactly 1 defective No defectives Two or fewer defectives The board of directors for a particular company consists of 10 members, 6 of whom are loyal to the current company president and 4 of whom want to fire the president. Suppose the chair of the board (who is a loyal supporter of the current president) suggests to randomly select 4 other board members to serve on a committee to decide the president’s fate. Find the probability for the first 3 questions and explain your answer for the fourth question. (75–150 words, or 1–2 paragraphs)What is the probability that all 5 committee members will vote to keep the president in place, if no one changes their minds? What is the probability that a majority of the committee will vote to keep the president in place, if no one changes their minds? What is the probability that the vote is 4 to 1 to replace the president, if no one changes their minds? Imagine that you were the president of the company and you hoped to keep your position. Considering the various probabilities, would you consider the chair of the board’s suggestion to be in your favor or not? If the choice was yours, would you allow the suggestion to proceed? Dave has just left an interview with a prospective employer. The hiring manager told Dave that she will tolerate one mistake during his first year but will fire him if he makes two mistakes. Based on Dave’s research and understanding of the job, he estimates that he will have to make five critical decisions during the year, and with his knowledge of the processes, figures that he will have about an 80% chance of making any of those five decisions correctly. Dave does not want to run any more than a 25% chance of being fired. If each of the decisions is independent of the others, should Dave risk taking the job if offered? Explain why or why not. (75 words, or 1 paragraph)
Smallpox Controversy To Inoculate or Not to Inoculate Problem Questions
Daniel Bernoulli's work in 1760 had the goal of appraising the effectiveness of a controversial inoculation program agains ...
Smallpox Controversy To Inoculate or Not to Inoculate Problem Questions
Daniel Bernoulli's work in 1760 had the goal of appraising the effectiveness of a controversial inoculation program against smallpox, which at that time was a major threat to public health.Question 1. Who was Daniel Bernoulli?Why was he working on this project?Bernoulli's model applies equally well to any other disease that, once contracted and survived, confers a lifetime immunity.Consider the cohort of individuals born in a given year𝑡=0t=0, and let𝑛(𝑡)n(t) be the number of these individuals surviving 𝑡t years later.Let 𝑥(𝑡)x(t)be the number of members of this cohort who have not had smallpox by year 𝑡t and who are therefore still susceptible. Let 𝛽β be the rate at which susceptibles contract smallpox, and let 𝜈ν be the rate at which people who contract smallpox die from the disease. Finally, let 𝜇(𝑡)μ(t) be the death rate from all causes other than smallpox. Then 𝑑𝑥𝑑𝑡dxdt, the rate at which the number of susceptibles declines, is given by𝑑𝑥𝑑𝑡=−[𝛽+𝜇(𝑡)]𝑥dxdt=−[β+μ(t)]x (1)The first term on the right of Eq.1 is the rate at which susceptibles contract smallpox, and the second term is the rate at which they die from all other causes. Also,𝑑𝑛𝑑𝑡=−𝜈𝛽𝑥−𝜇(𝑡)𝑛dndt=−νβx−μ(t)n, (2)where 𝑑𝑛𝑑𝑡dndt is the death rate of the entire cohort, and the two terms on the right side are the death rates due to smallpox and to all other causes, respectively.Introduce a new variable 𝑧(𝑡)=𝑥(𝑡)𝑛(𝑡).z(t)=x(t)n(t).Question 2.Formulatetheinitial value problem for 𝑧(𝑡)z(t).Question 3. Find the complete general solution to differential equation in Q.2 equation.Question 4. Find the solution to the initial value problem.Question 5. Draw the slope field( by hand, or with DField oruse MATLAB, for example, ode45) for this equation and draw some representative solutions. What does this picture tell youabout the solution to this initial value problem.Question 6.Does the solutionin Q.5 agree with your analysis in Q. 4?Question 5. Bernoulli estimated that 𝜈=𝛽=1/8ν=β=1/8.With that in mind, determine the proportion of 20-year-olds who have not had smallpox.On the basis of the model just described and the best mortality data available at the time, Bernoulli calculated that if deaths due to smallpox could be eliminated, 𝜈=0ν=0, then the life expectancy among inoculated will increase by almost 10%.Question 6. Check the internet for the information about what was the life expectancy in 1760 in the country where Bernoulli lived. How would the inoculation program change it?As a result of this study,Bernoullisupported the inoculation program.
University of California San Diego Quantitative Methods in Business Problems
please use the following resources and follow the requirments to solve the questions, need to use R studio to complete. pl ...
University of California San Diego Quantitative Methods in Business Problems
please use the following resources and follow the requirments to solve the questions, need to use R studio to complete. please solve the questions for hw10 and ec2. rest of them might help you to solve the questions
Similar Content
Record your answers and work on the separate answer sheet provided.
There are 25 problems.
Problems #1–12 are Multiple Choice.
Problems #13–15 are Short Answer. (Work not required to b...
Complete Short Stats Discussion Post
8.2 - Describe the sampling distribution of a sample proportionAt least 200 wordsNo pla...
Linear Algebra Input Output Consumption Matrix Analysis Exercise
Help me solve this problem using matrix. Thank you! Help me solve this problem using matrix. Thank you! Help me solve this...
Purdue University Rate of Employment Among People Above 25 Years Paper
Do some research, from a reliable source, such as the U.S. Department of Labor (not a scholastic or school site or Wikiped...
A quadratic function is given.
f(x) = −x2 + 6x + 4(b) Find its vertex and its x- and y-intercept(s). (If an answer d...
What is the probability that it rains on exactly 11 days?
Exercise 1: We checked the forecast from the last 50 years of Portland. The rain
probability for the month of July is 72%...
Binomial probability
Approximatley 12.3% of american highschool students drop out before graduation. assume the variable
is binomial. Choose 1...
20200227065120assignment 2.2
If g(x) is the graph of f(x) shifted up 2 units and right 6 units, write a formula for g(x)...
Research Design And T Tests
In the question, data has been selected from High School Longitudinal Study Dataset 2009. The different variable selected ...
Related Tags
Book Guides
The Girl With The Dragon Tattoo
by Stieg Larsson
Girl in Translation
by Jean Kwok
The Lost Man
by Jane Harper
Siddhartha
by Hermann Hesse
The 5 Love Languages
by Gary Chapman
The Chosen
by Chaim Potok
The Underground Railroad
by Colson Whitehead
Of Mice and Men
by John Steinbeck
Shattered - Inside Hillary Clintons Doomed Campaign
by Amie Parnes and Jonathan Allen
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
12 pages
Ncu Tim7101 Interpret Statistical Output
The video game dataset provided comprises columns labeled, Date, Visits, VisitTime, TotalTime, Game, and Advertising. The ...
Ncu Tim7101 Interpret Statistical Output
The video game dataset provided comprises columns labeled, Date, Visits, VisitTime, TotalTime, Game, and Advertising. The two main variables to be ...
Week 2: Assignment: Applying Probability Theory
What are some ways that you can think of to apply probability theory in business or even in one’s personal life? For exa ...
Week 2: Assignment: Applying Probability Theory
What are some ways that you can think of to apply probability theory in business or even in one’s personal life? For example, if you were playing a game of poker with your friends, it would be helpful to know how the probability for winning a hand with a pair of aces in your hand is different than if you were holding a two of clubs and nine of hearts. When investing your money, you might need to choose between an investment that has a 95% chance to earn 3% or one that has a 65% chance to earn 30%. Business owners and managers make numerous decisions throughout the life of the business that are based on the probability of an event happening, consumer tastes changing or remaining the same, a production goal being met on time, and so on.In this Assignment, you will respond to a set of questions that focus on probability theory, including how the concept informs decision making and can be used by organizations.Submit your responses to the following prompts.A midsized company recently divided all employees into four divisions. Division 1 makes up 43% of the company, Division 2 makes up 40%, Division 3 makes up 12%, and Division 4 makes up 5%. Choose one employee at random. Find the probability for each of the following statements. (75 words, or 1 paragraph)The employee belongs to Division 1. The employee belongs to either Division 2 or Division 3. The employee does not belong to Division 1 or Division 2.Jasmine Robbins wants to open an independent coffee shop in a town that already has 9 coffee shops: 3 Mocha Moose, 2 Elkhorn Coffee, and 4 Morning JoJo. She is trying to determine the probability of choices that potential customers may make. Here is one of her questions: If a person selects one shop at random to purchase coffee, find the probability that it is either a Mocha Moose or a Morning JoJo. Explain your answer. (75 words, or 1 paragraph)The following chart shows the number of customer complaints from three regions of an organization for two separate years. 20182017Northeast region 6,493 3,401 Southeast region 732 2,513 Central region 3,706 1,082 Find the probability for each question. (75 words, or 1 paragraph)What is the probability that a complaint was from the Southeast region, given it was in 2017? What is the probability that a complaint was from the Central region, given it was in 2018? What is the probability that a given complaint did not occur in 2018 and was not from the Southeast region? What is the probability that two complaints chosen at random were both from the Northeast region? A management consulting team needs a team of four to analyze the operations of a new client. The team should comprise an accountant, a production specialist, a finance specialist, and a management specialist. On its staff, the consulting firm has available six accountants, five production specialists, three finance specialists, and eight management specialists. How many different teams could be formed from the available individuals? (75 words, or 1 paragraph)In a batch of 20 television picture tubes, 5 are known to be defective. What is the probability that a random sample of 5 (without replacement) will result in each of the following? (75 words, or 1 paragraph)Exactly 1 defective No defectives Two or fewer defectives The board of directors for a particular company consists of 10 members, 6 of whom are loyal to the current company president and 4 of whom want to fire the president. Suppose the chair of the board (who is a loyal supporter of the current president) suggests to randomly select 4 other board members to serve on a committee to decide the president’s fate. Find the probability for the first 3 questions and explain your answer for the fourth question. (75–150 words, or 1–2 paragraphs)What is the probability that all 5 committee members will vote to keep the president in place, if no one changes their minds? What is the probability that a majority of the committee will vote to keep the president in place, if no one changes their minds? What is the probability that the vote is 4 to 1 to replace the president, if no one changes their minds? Imagine that you were the president of the company and you hoped to keep your position. Considering the various probabilities, would you consider the chair of the board’s suggestion to be in your favor or not? If the choice was yours, would you allow the suggestion to proceed? Dave has just left an interview with a prospective employer. The hiring manager told Dave that she will tolerate one mistake during his first year but will fire him if he makes two mistakes. Based on Dave’s research and understanding of the job, he estimates that he will have to make five critical decisions during the year, and with his knowledge of the processes, figures that he will have about an 80% chance of making any of those five decisions correctly. Dave does not want to run any more than a 25% chance of being fired. If each of the decisions is independent of the others, should Dave risk taking the job if offered? Explain why or why not. (75 words, or 1 paragraph)
Smallpox Controversy To Inoculate or Not to Inoculate Problem Questions
Daniel Bernoulli's work in 1760 had the goal of appraising the effectiveness of a controversial inoculation program agains ...
Smallpox Controversy To Inoculate or Not to Inoculate Problem Questions
Daniel Bernoulli's work in 1760 had the goal of appraising the effectiveness of a controversial inoculation program against smallpox, which at that time was a major threat to public health.Question 1. Who was Daniel Bernoulli?Why was he working on this project?Bernoulli's model applies equally well to any other disease that, once contracted and survived, confers a lifetime immunity.Consider the cohort of individuals born in a given year𝑡=0t=0, and let𝑛(𝑡)n(t) be the number of these individuals surviving 𝑡t years later.Let 𝑥(𝑡)x(t)be the number of members of this cohort who have not had smallpox by year 𝑡t and who are therefore still susceptible. Let 𝛽β be the rate at which susceptibles contract smallpox, and let 𝜈ν be the rate at which people who contract smallpox die from the disease. Finally, let 𝜇(𝑡)μ(t) be the death rate from all causes other than smallpox. Then 𝑑𝑥𝑑𝑡dxdt, the rate at which the number of susceptibles declines, is given by𝑑𝑥𝑑𝑡=−[𝛽+𝜇(𝑡)]𝑥dxdt=−[β+μ(t)]x (1)The first term on the right of Eq.1 is the rate at which susceptibles contract smallpox, and the second term is the rate at which they die from all other causes. Also,𝑑𝑛𝑑𝑡=−𝜈𝛽𝑥−𝜇(𝑡)𝑛dndt=−νβx−μ(t)n, (2)where 𝑑𝑛𝑑𝑡dndt is the death rate of the entire cohort, and the two terms on the right side are the death rates due to smallpox and to all other causes, respectively.Introduce a new variable 𝑧(𝑡)=𝑥(𝑡)𝑛(𝑡).z(t)=x(t)n(t).Question 2.Formulatetheinitial value problem for 𝑧(𝑡)z(t).Question 3. Find the complete general solution to differential equation in Q.2 equation.Question 4. Find the solution to the initial value problem.Question 5. Draw the slope field( by hand, or with DField oruse MATLAB, for example, ode45) for this equation and draw some representative solutions. What does this picture tell youabout the solution to this initial value problem.Question 6.Does the solutionin Q.5 agree with your analysis in Q. 4?Question 5. Bernoulli estimated that 𝜈=𝛽=1/8ν=β=1/8.With that in mind, determine the proportion of 20-year-olds who have not had smallpox.On the basis of the model just described and the best mortality data available at the time, Bernoulli calculated that if deaths due to smallpox could be eliminated, 𝜈=0ν=0, then the life expectancy among inoculated will increase by almost 10%.Question 6. Check the internet for the information about what was the life expectancy in 1760 in the country where Bernoulli lived. How would the inoculation program change it?As a result of this study,Bernoullisupported the inoculation program.
University of California San Diego Quantitative Methods in Business Problems
please use the following resources and follow the requirments to solve the questions, need to use R studio to complete. pl ...
University of California San Diego Quantitative Methods in Business Problems
please use the following resources and follow the requirments to solve the questions, need to use R studio to complete. please solve the questions for hw10 and ec2. rest of them might help you to solve the questions
Earn money selling
your Study Documents