Homework - Statistical Methods | STT 200, Assignments of Data Analysis & Statistical Methods

Material Type: Assignment; Professor: Lepage; Class: Statistical Methods; Subject: Statistics and Probability; University: Michigan State University; Term: Spring 2009;

Typology: Assignments

Pre 2010

Uploaded on 07/28/2009

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ees | ia Show your work on this sheet. Cire answers. You may use your homework. P (A) = 0.7, P CB) = 0.4, P ¢ 1. Determine P(R°). 3. P(BIA). ft) jai) = Boe . GY, 26a P(OIL) = 0.2, P(+ | OIL) = 0.9, P(+ | no OIL) = 0.3 (ex ad Costs: test = 20, drill = 70. Gross return from OIL is500-—~ arn. Koce) + Malet) = (244-8. 5. POILI4). Meet gy) = or) Bt, & a 7) 6. NET from policy "test, drill if test is +" in ea e Olle a, f 7. NET from policy "test, drill if test is +" in case OIL a ¢. ~~ WE 29-304 eo Draw from {2 (a2 -6F, call it ¥ mG) ee gEyY 74 Lig IS 3 9. Var Y Lo ) GF eT -3°S 2-9 qe) E X =-$0.57 and Var X = $4.88, T = total of 100 independent plays T = X1 + X2 +..... + X100 (ex 7). WET -/20f8 82 o2. LL. Var T obs)