There is a screening test for a rare disease that affects 1.5% of the population. Unfortunately, the reliability of this screening test is only 70%. What it means is that it gives a false positive result 30% of the time. Fortunately, there is no false negative. Suppose if you are tested positive for this rare disease, what is the probability that you are actually inflicted by this rare disease? (Hint: Bayes’ Theorem)
Everything we do in a business environment is done with a strategic purpose. Your taking this course is to complete a degree program and better your opportunities for career advancement. At least for most of you. For others it might be purely personal. So in a sense, you’re all trying to better each other for…
EssaysLaws Against TerrorismSince 9/11, the U.S. government has passed a variety of laws designed to protect the country against terrorists. In this assignment, you will consider how these laws, which are in place to protect U.S. citizens, affect the rights of those citizens. Write a 2-3 page Essay that addresses the following:Select two Constitutional freedoms…
12.1 In Problem 12.9, Billy has a von Neumann-Morgenstern utility functionU(c) = c1=2. If Billy is not injured this season, he will receive anincome of 25 million dollars. If he is injured, his income will be only$10,000. The probability that he will be injured is .1 and the probabilitythat he will not be injured is…
6. Suppose that you have a sample of 500 observations on two random variables:price denoted as X, and profit, denoted as Y. So you observe {xi, yi} for i=1,…500.Write down the formula for sample mean and sample variance of X and Y as well asthe sample covariance between X and Y.
write a 3-5 page paper in APA format/ double space. The directions are to research, explain and evaluate the effectiveness of one of the following experiments / or crime reduction strategies. Please choose one of the following:The Boston Gun Project, or Minneapolis Domestic Violence Experiment, or the Kansas City Preventive Patrol Experiment
For this problem, note the following chart:Age Group(in years)% of Population in Age GroupInfluenza Rate per 1,000 person-yearsCITY ACITY BCITY CMassachusettsCITY ACITY BCITY CYOUNG40%50%80%60%21030OLD60%50%20%40%701105There are 10,000 individuals in City A, which is located in Massachusetts. Eight young individuals and 420 old individuals develop the flu over the course of a year….e these data to calculate…
