Problem 3. A chocolate box contains 10 large chocolate bars and 20 small chocolate bars at...
A box contains 14 large marbles and 10 small marbles. Each marble is either green or white. 8 of the large marbles are green, and 4 of the small marbles are white. If a marble is randomly selected from the box, what is the probability that it is large or white? Express your answer as a fraction or a decimal number rounded to four decimal places.
1. Homer is a deeply committed lover of chocolate. Assume his preferences are Cobb-Douglas over chocolate bars (denoted by C on the x-axis) and a numeraire good (note: we use the notion of a numeraire good to represent spending on all other consumption goods – in this example, that means everything other than chocolate bars – its price is always $1). a. Homer earns a salary that provides him a monthly income of $360. Last month, when the price of...
Problem 8 A large box of fuses contains 10% defectives. Four fuses are randomly selected from the box. Find: a) Probability that exactly one fuse is defective b) Probability that at least one fuse of the four selected is defective Now suppose these four sampled fuses are shipped to a customer before being tested. Assume the cost of fixing' a shipment with defective fuses is given by C- 3Y2 where Y is the number of defectives in the shipment of...
3. (20 points) A box contains a large number of red and blue marbles, but the proportions are unknown; a simple random sample of 100 marbles is drawn from the box, and 48 turn out to be red. The percentage of red marbles in the box ís estimated as 48%, with an SE of 5% (you don't need to check this, assume it is accurate). Say whether each of the following is true or false, and explain briefly a. The...
(20) A box contains 10 slips with the word ``WINNER'' written on them and 90 slips with the word ``LOSER'' written on them. The first person in the queue picks a slip at random and then the second person takes a slip from the remaining ones and so on. What is the chance the second person will draw a WINNER slip? The following ``answers'' have been proposed. (e) None of the above. The correct answer is We were unable to...
Problem 2.(20 points) Consider the following game: In the first step, Alice has two $10 bills and can take one of the following two actions: (i) she can give S20 to Bob or (ii) she can give one of the S10 bills to Bob. All the money will be used to buy popcorns before the movie they will see. Each one dollar of popcorn gives one unit of payoff for the player who buys it. In the second step, they...
Problem 2.(20 points) Consider the following game: In the first step, Alice has two $10 bills and can take one of the following two actions: (i) she can give S20 to Bob or (ii) she can give one of the S10 bills to Bob. All the money will be used to buy popcorns before the movie they will see. Each one dollar of popcorn gives one unit of payoff for the player who buys it. In the second step, they...
Define the function choco(n) to solve the following problem: A company packages and sells boxes with chocolates. The boxes come in two sizes: large and small. The “large” box contains 48 chocolates and the “small” box contains 8 chocolates. The company makes the most gain by selling large boxes: CDN$26 each. Small boxes produce less gain but still some: a small box provides the company CDN$4 gain. On the other hand, the company loses CDN$ 2 per chocolate not used....
2. (-/20 Points] DETAILS SCALCET8 4.7.012 MY NOTES Consider the following problem: A box with an open top is to be constructed from a square piece cardboard, 3 ft wide, by cutting out a square from each the four corners and bending up the sides. Find the largest volume that such a box can have. (a) Draw several diagrams to illustrate the situation, some short boxes with large bases and some tall boxes with small bases. Find the volumes several...
Consider an economy with a large number of potential online game providers.The provider lacks the funds to start their projects. There is a large number of investorswho have the funds but no desire to create online games. Each investor has 10 goodsto invest. Each online game requires 20 goods to create. Each investor can choose anyproviders to fund their online games. Assume that 25% of a chance, an online gameproject will fail and has a salvage value worth 10 goods....