You have a piece of farmland where you think there may be diamonds. You have to decide whether to farm there or start mining. If you decide to farm, you can either plant cocoa for export or you can grow various produce for your own use and to sell locally. If you want to dig for diamonds, you can either get a geologist in to test for diamonds or just start digging. The probability of a good outcome from deciding on diamonds and getting a geologist is 0.25. The value of this outcome is 1,000,000 and the value of a poor outcome is 40,000. The cost involved with a geologist is 200,000. The value of a positive outcome without a geologist is also 1,000,000 and the probability of a good outcome is 0.05. The value of a poor outcome is 20,000. With cocoa, the costs are 300,000 and the probability of success is estimated at 0.6. The 1 value of success here is 600,000. The value of no success here is 20,000. With produce, the costs are 40,000 and the probability of success is 0.9, with a final value of 600,000. The value of an unsuccessful outcome is 30,000. Use a decision tree to analyse the situation. Explain your final decision and justify the course of action you will take. [10]

Answers

Answer 1

Farming locally, using and selling produce is also a viable option, with an expected return of $522,000. Farming costs are much lower than mining costs, making farming cocoa for export the best option. A decision tree is a graphical representation of decision analysis. It is a potent tool for choosing between different courses of action.

The decision tree will help you make an informed decision by considering all the options available to you. The decision tree allows you to make decisions based on probabilities and the expected value of each decision. It can also be used to identify the best course of action when multiple decision points and outcomes are involved.

When deciding whether to farm or mine, you must consider the costs involved in each activity and the probabilities and potential returns. The decision tree shows that the best option is to farm cocoa for export. The expected return on this activity is $360,000, the highest of all available options. The expected return on mining with a geologist is $600,000, but the cost of hiring a geologist is $200,000, leaving a net expected return of $400,000.

The expected return on mining without a geologist is $980,000, but the probability of success is only 0.05. The expected return on farming produce for local use and sale is $522,000, slightly lower than the return on mining without a geologist. However, the cost of farming produce is much lower than the cost of mining. Therefore, farming cocoa for export is the best option.

The decision tree shows that farming cocoa for export is the best option for farming or mining. This option has the highest expected return of $360,000, much higher than the expected return on mining with or without a geologist.

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Related Questions

Find (a) the circumference and (b) the area of the circle. Use 3.14 or 22/7 for pi. Round your answer to the nearest whole number, if necessary.

A circle with a diameter of 70 inches.

(a) circumference: about ? in.

(b) area: about ? in.²

Answers

Answer:

a)219.8

b)3846.5

Step-by-step explanation:

a) circumference is pi*diameter, so 3.14*70 is 219.8

b) area is pir^2, and radius is 1/2 of diameter, it would be 3.14*35^2, so 3.14*1225, so 3,846.5 in^2.

Answer:

lol

Step-by-step explanation:

h

A teacher was interested in the subject that students preferred in a particular school. He gathered data from a random sample of 100 students in the school and wanted to create an appropriate graphical representation for the data.

Which graphical representation would be best for his data?

Stem-and-leaf plot
Histogram
Circle graph
Box plot

Answers

The graphical representation that would be the best for this data would be a circle graph. That is option C.

What is a circle graph?

A circle graph, which is also called a pie chart, is defined as a type of data representation where by the information concerning a data set is displayed in a circular form and in a way that the various information displayed is a percentage of the total data set involved.

Now, the number of students that were surveyed = 100 students.

The number of subjects that are preferred by the students would be represented as x,y,z.

Therefore to represent the number of students that preferred a particular subject on the circle graph the following is carried out;

For subject x = Number of X/100 × 360/1

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if the point p falls on the unit circle and has an x coordinate of 5/13 find the y coordinate of point p

Answers

To find the y-coordinate of point P on the unit circle, given that its x-coordinate is 5/13, we can utilize the Pythagorean identity for points on the unit circle.

The Pythagorean identity states that for any point (x, y) on the unit circle, the following equation holds true:

x^2 + y^2 = 1

Since we are given the x-coordinate as 5/13, we can substitute this value into the equation and solve for y:

(5/13)^2 + y^2 = 1

25/169 + y^2 = 1

To isolate y^2, we subtract 25/169 from both sides:

y^2 = 1 - 25/169

y^2 = 169/169 - 25/169

y^2 = 144/169

Taking the square root of both sides, we find:

y = ±sqrt(144/169)

Since we are dealing with points on the unit circle, the y-coordinate represents the sine value. Therefore, the y-coordinate of point P is:

y = ±12/13

So, the y-coordinate of point P can be either 12/13 or -12/13.

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♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)

The base lengths of a trapezoidal tabletop are 6 feet and 8 feet. the height is 4 feet. what is the area

Answers

The area is 28 square feet.

The formula to find the area of a trapezoid is (base1 + base2) * height / 2. In this case, the base lengths are 6 feet and 8 feet, and the height is 4 feet. So, we can substitute these values into the formula.

Using the formula, we get:
Area = (6 + 8) * 4 / 2
      = 14 * 4 / 2
      = 56 / 2
      = 28 square feet

Therefore, the area of the trapezoidal tabletop is 28 square feet.

A trapezoid is a quadrilateral with one pair of parallel sides. The bases of a trapezoid are the parallel sides, and the height is the perpendicular distance between the bases. To find the area of a trapezoid, we multiply the sum of the bases by the height, and then divide by 2.

In this case, the sum of the bases is 6 + 8 = 14. Multiplying 14 by the height of 4 gives us 56. Dividing 56 by 2 gives us the final answer of 28 square feet.

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what did frederick douglass risk to be free

Answers

Answer:

After Douglass' attempt to escape slavery two years prior was betrayed by a fellow slave, he had been jailed, sent to Baltimore by his master, and hired out to work in the city's shipyards. Undeterred, Douglass vowed to try to escape again on September 3, 1838, although he knew the risk.

Step-by-step explanation: Hope this Helps

Answer:

he risked his life I think. I havent learned about this in a while.

Step-by-step explanation:

Does anyone know this?

Does anyone know this?

Answers

The value of x is 7

What is Midsegment Theorem?

A triangle's midsegment is the section that links the midpoints of its two sides.

The section connecting a triangle's two sides at their midpoints is parallel to and only half as long as the third side.

Given:

According to Midsegment theorem

The line joining the midpoint is equal to half the length of the third side.

Thus, 29 = 1/2 (6x+ 4)

29 = 3x + 2

3x = 39-2

3x= 27

x= 27/3

x= 9

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Express as a trinomial ??

(2x-5)(2x-1)

Answers

Answer:

is it like this?

Step-by-step explanation:

(2x-5)(2x-1)

2x(2x-1)-5(2x-1)

4x²-2x-10x-5

4x²-12x-5

that is the final answer

Given, expression is not trinomial.

What is Polynomial?

A polynomial is a mathematical equation that solely uses the operations addition, subtraction, multiplication, and non-negative integer exponentiation of variables. Variables are sometimes known as indeterminate in mathematics. Majorly used polynomials are binomial and trinomial.

To express the expression (2x-5)(2x-1) as a trinomial,

we need to multiply the two binomials together using the distributive property.

We can use the FOIL method to do this:

(2x-5)(2x-1) = 2x(2x) + 2x(-1) - 5(2x) - 5(-1)

Simplifying this expression, we get:

(2x-5)(2x-1) = 4x² - 2x - 10x + 5

Combining like terms, we get:

(2x-5)(2x-1) = 4x² - 12x + 5

Since, trinomial is ax³ +bx² +cx +d in standard form where a can not be zero.

Therefore, the binomial form of (2x-5)(2x-1) is 4x^2 - 12x + 5, and given, expression is not trinomial.

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B. Nina buys a variety of cereal bars. The box contains 5 blueberry bars, 3 strawberry bars, and
2 apple bars. Write the ratio that represents each relationship in words, in colon form, and in
fractional form.
1. strawberry bars to blueberry bars
2. apple bars to blueberry bars
3. strawberry bars to total bars
4. apple bars to total bars
5. blueberry bars to total bars
6. apple bars to strawberry bars

Answers

Answer:

The requested ratios in words, colon form, and fraction form are:

1. strawberry bars to blueberry bars  = 3 : 5 = 3/5

2. apple bars to blueberry bars  = 2 : 5 = 2/5

3. strawberry bars to total bars  = 3 : 10 = 3/10

4. apple bars to total bars  = 2 : 10 = 2/10= 1/5

5. blueberry bars to total bars  = 5 : 10 = 5/10 = 1/2

6. apple bars to strawberry bars =2 : 3 = 2/3

Step-by-step explanation:

Let's start by doing an inventory of what Nina has:

Apple bars =  2

Blueberry bars = 5

Strawberry bars = 3

Total bars = 10

The requested ratios then are:

1. strawberry bars to blueberry bars  = 3 : 5 = 3/5

2. apple bars to blueberry bars  = 2 : 5 = 2/5

3. strawberry bars to total bars  = 3 : 10 = 3/10

4. apple bars to total bars  = 2 : 10 = 2/10= 1/5

5. blueberry bars to total bars  = 5 : 10 = 5/10 = 1/2

6. apple bars to strawberry bars =2 : 3 = 2/3

It is given that the straight line y = (q + 2)x + 10 is parallel to the straight line 4x + 2y = 5. Find the value of q. ​

Answers

Answer:

q= -4

Step-by-step explanation:

First, simplify 4x+2y=5

2y=-4x+5

y=-2x+5/2

q+2 has to equal to -2

q = -4

URGENT Evaluate ab2c-2 for a=6 b=3 and c=2.

Answers

Answer: I believe it is -144

Step 1: -10 + 8x < 6x - 4
Step 2: -10 < -2x - 4
Step 3: -6 <-2x
Step 4:
What is the final step in solving the inequality -2(5-
4x) < 6x - 4?
0x<-3
X > -3
0x<3
x > 3

Answers

Answer:

Step-by-step explanation:divide both sides by the coefficient of x that is the number beside x and in inequality, when dividing with a negative sign the sign would change to its opposite sign.

-6<-2x

-6/-2>-2x/-2

3>x

X<3 this is the answer.

In the country of Mordor, Y=A∗

∗∗
L

. In the first year, Y=18 and K=4 and L=9 In the second year, Y=26 and K=4 and L=16 What percent of this growth came from higher productivity? Careful: don't calculate the percent that came from inputs, you have to do an extra step once you've done that. If you think the answer was 31%, write 31 , not 31%. If you think the answer is zero, write 0 , not 0.

Answers

Approximately 114.29% of the growth came from higher productivity.

To determine the percent of growth that came from higher productivity, we need to compare the change in output (Y) with the change in inputs (K and L). Here's how we can calculate it:

In the first year:

Initial output (Y₁) = 18

Initial inputs (K₁, L₁) = (4, 9)

In the second year:

Final output (Y₂) = 26

Final inputs (K₂, L₂) = (4, 16)

Change in output = Y₂ - Y₁ = 26 - 18 = 8

Change in inputs = (K₂ + L₂) - (K₁ + L₁) = (4 + 16) - (4 + 9) = 7

Now, let's calculate the percent of growth that came from higher productivity:

Percent of growth from higher productivity = (Change in output / Change in inputs) * 100

= (8 / 7) * 100 ≈ 114.29

Therefore, approximately 114.29% of the growth came from higher productivity.

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In The Country Of Mordor, Y = AVK* VL . In the first year, Y=18 and K=4 and L=9 In the second year, Y=26 and K=4 and L=16 What percent of this growth came from higher productivity? Careful: don't calculate the percent that came from inputs, you have to do an extra step once you've done that. If you think the answer was 31%, write 31 , not 31%. If you think the answer is zero, write 0 , not 0.

What is the probability that a standard normal random variable will be between 0.3 and 3.2?

Answers

According to the z table, there is a 0.3814 percent chance that a standard normal random variable will fall between 0.3 and 3.2.

What is probability?

The probability is calculated by dividing the total number of outcomes by the total number of potential events.

Odds and probability are two different concepts.

Calculating odds involves dividing the probability of an event by the probability that it won't happen.

Probability is the study of random events in mathematics, and it can be classified into four main categories: axiomatic, classical, empirical, and subjective.

So, we must determine the likelihood that a standard normal random variable will occur with a probability between 0.3 and 3.2.

First, a standard normal random variable with a mean and standard deviation is introduced.

We must determine the likelihood that a standard normal random variable will fall within the range of 0.3 and 3.2.

The likelihood therefore should be:

P(0.3<z<3.2)=P(z<3.2)−P(z<0.3)

Using z's typical value:

P(0.3<z<3.2)=0.9993−0.6179

Simplify as follows:

P(0.3<z<3.2)=0.3814

Therefore, according to the z table, there is a 0.3814 percent chance that a standard normal random variable will fall between 0.3 and 3.2.

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Which expression represents the total perimeter of her sandwich, and if x = 1.2, what is the approximate length of the crust? 8x2 34; 43.6 centimeters 8x2 34; 45.52 centimeters 4x2 17; 21.8 centimeters 4x2 17; 22.76 centimeters

Answers

The correct answer is option 3. \(4x^2 + 17\) expressions represent the total perimeter of her sandwich, and if x = 1.2, the approximate length of the crust is 21.8 centimeters.

The first expression, \(4x^2 + 17\) , represents the total perimeter of the sandwich. When x = 1.2, the expression evaluates to\(4 * 1.2^2 + 17 = 21.8\).

So the total perimeter of the sandwich is 21.8 cm. However, this length is not the length of the crust, since the length of the crust would only be a portion of the total perimeter.

The expression \(4x^2 + 17\) represents a mathematical formula for the total perimeter of the sandwich. The variable x represents the thickness of each slice of bread. The expression \(4x^2\) represents the total length of the four edges of the bread slices, and the 17 represents the total length of the filling. When x = 1.2, the expression evaluates to 21.8, which represents the total perimeter of the sandwich.

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Please solve this and show the steps on how you got your answer

Please solve this and show the steps on how you got your answer

Answers

well, let's take a look at the tickmarks on the triangle, the tickmarks mean that AC = CB, both AC and CB stemming out of vertex C, and both twin sides will make twin angles at the "base" or namely ∡A = ∡B, that means that 34 = x - 5, let's also recall that the sum of all interior angles in a triangle is 180°, so

\(34=x-5\implies \boxed{39=x} \\\\[-0.35em] ~\dotfill\\\\ \stackrel{\measuredangle A}{34}~~ + ~~\stackrel{\measuredangle B}{34}~~ + ~~\stackrel{\measuredangle C}{4y}~~ = ~~180\implies 68+4y=180 \\\\\\ 4y=112\implies y=\cfrac{112}{4}\implies \boxed{y=28}\)

Answer:

y = 28

Step-by-step explanation:

The dashes on line segments AC and BC indicate that the line segments are equal in length.

Therefore, as the triangle has two sides of equal length, it is an isosceles triangle.

The base angles of an isosceles triangle are equal, therefore ∠A = ∠B.

Interior angles of a triangle sum to 180°.  

Therefore:

⇒ ∠A + ∠B + ∠C = 180°

⇒ 34° + 34° + 4y° = 180°

⇒ 68° + 4y° = 180°

⇒ 4y° = 112°

⇒ y = 112° ÷ 4°

⇒ y = 28

Jarred drew the model below of his backyard. The perimeter of the backyard is 40 feet, and the backyard is 8 feet wide. How many feet long are all the sides of his backyard?

Answers

Answer:

Step-by-step explanation:

Jarred drew the model below of his backyard. The perimeter of the backyard is 40 feet, and the backyard is 8 feet wide.

his backyard is in rectangle shape and breadth =8

perimeter = 40

but perimeter = 2(l+b)

so

2(l+8)=40

l+8=20

l=12 feet

Jada is planning a kayak trip. She finds an expression for the time, T(s), in hours it takes her to paddle 10 kilometers upstream in terms of s, the speed of the current in kilometers per hour. This is the graph Jada gets if she allows s to take on any value between 0 and 7.5. What would be a more appropriate domain for Jada to use instead?

Jada is planning a kayak trip. She finds an expression for the time, T(s), in hours it takes her to paddle

Answers

Answer:

A more appropriate domain would be all real numbers except x = 5.5

Step-by-step explanation:

Given that the domain of a rational function consists of the set of real numbers but excluding those real numbers that results in a zero in the denominator

The given graph of the function has a vertical asymptote at s = 5.5 which indicates a value for which the function is not defined and at x = 5.5, and as such the value (5.5) of the asymptote is not a member of the function's domain

The values of the domain of a function consisting of a reciprocal must exclude does that result in a zero denominator.

The domain of the function that represents Jada's trip is the set of input value the function can take

The appropriate domain is: all real numbers except x = 5.5

From the graph, we can see that:

The x-value starts at negative infinity, and ends near 5.5The x-value then continues near 5.5, and ends at positive infinity

This means that the input of the graph cannot be 5.5

Hence, an appropriate domain would be: \(\mathbf{x \ne 5.5}\)

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Kellie bought 8 towels and spent $39.60. Each towel costs the same amount.
Part A
Use the drop-down menus to create an equation that can be used to determine t, the
price, in dollars, of 1 towel.
t
+
00
39.60
Part B
What is the price, in dollars, of 1 towel?
Enter your answer in the box.
$

Answers

Answer:

fvg bvgcjvtfjocfrx

Step-by-step explanation:

kjn

jkm

'knlnkm

kl

j

kl;n

;kn

Ed and Fay shared £330 in the ratio 7 : 4

Ed gives Fay some of his money.

Fay now has the same amount as Ed.

How much does Ed give Fay?

Answers

Ed must give Fay a total of £45 for both to have the same amount of money.

How to solve ratio

Total = £330

Ed = 7Fay = 4Total ratio = 7 + 4

= 11

Ed share = 7/11 × 330

= £210

Fay share = 4/11 × 330

= £120

For Ed and Fay to have the same amount of money, their share must be exactly half of £330.

That is, they must each have £330/2

= £165

Fay:

£165 - £120 = £45

Therefore, Ed must give Fay a total of £45 for both to have the same amount of money.

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Joe's triangle hut is having a sale. All triangles are priced at $0.68

Answers

Joe's Bamboo Hut Kitchen and Seafood, Patong: See 5 unbiased reviews of Joe's Bamboo Hut Kitchen and ... Traditional Thai food with an amazing variety including fresh seafood all at an extremely affordable price and .

At the local dairy farm, Kareem buys a 32-oz container of yogurt for $2.56. Jonah buys a 6-oz container of yogurt for $0.48. Are the cost, y, in dollars and the amount of yogurt, x, proportional? Explain. Write an equation to represent this relationship.

At the local dairy farm, Kareem buys a 32-oz container of yogurt for $2.56. Jonah buys a 6-oz container

Answers

Answer:

The ratios 2.56/32 and 0.48/6 are equivalent; y = 0.08x.

Step-by-step explanation:

$2.56 for 32 oz is a unit price of $2.56/(32 oz) = $0.08/oz

$0.48 for 6 oz is a unit price of $0.48/(6 oz) = $0.08/oz

The unit prices are equal, so the cost of both sizes are proportional.

If x is the weight in oz, multiply the weight by 0.08 to get the cost, y, in dollars.

y = 0.08x

The ratios 2.56/32 and 0.48/6 are equivalent; y = 0.08x.

4. Select all the expressions that are the result of decreasing x by 80%
A.
C.
20
100
B. X-
X
D. 0.80x
80
100
100-20
100
-X
X
E. (1-08)x

4. Select all the expressions that are the result of decreasing x by 80%A.C.20100B. X-XD. 0.80x80100100-20100-XXE.

Answers

The expressions that are result of decreasing x by 80% are given as (20x / 100) and [x - (80x / 100)].

When an unknown number 'x' is decreased by 80%, the resultant number can be obtained using the mathematical formula given below:

Percentage decrease = [(initial value - final value)/ initial value] x 100

Since the initial value would be 100 percent of any number and final value is given by reduction of 80 percentage, then the expression would be:

80x /100 = [(100 - x)/ 100] * 100

Upon rearranging the terms, we get;

[x - (80x / 100)]

On further solving the above equation, we get;

(100x - 80x)/ 100 = 20x/100

Thus, the expressions that are the result of decreasing x by 80% are (20x / 100) and [x - (80x / 100)].

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2 2.1 Mathematical intro show that there is another form for spherical harmonics: 1 3 3 Y₁ x iy 1/√√2 (²-1) 2πT 2π 1 3 3 z YO 2 2π π r 1 3 x iy Y₁¹ 3 2π - - 12 √ √ 2² (²+²) 2 2π

Answers

Spherical harmonics are an integral part of quantum mechanics. They describe the shape of the orbitals, which electrons occupy in atoms. Moreover, the spherical harmonics provide the angular distribution of a wave in spherical coordinates. In 3D, the spherical harmonics can be written as:

Ylm(θ, φ) = √(2l + 1)/(4π) * √[(l - m)!/(l + m)!] * Plm(cosθ) * e^(imφ)

Here, l and m are known as the angular quantum numbers. They define the shape and orientation of the orbital. Plm(cosθ) represents the associated Legendre polynomial, and e^(imφ) is the exponential function. The spherical harmonics have various forms, including:

Y1,1 = -Y1,-1 = 1/2 √(3/2π) sinθe^(iφ)

Y1,0 = 1/2 √(3/π)cosθ

Y2,2 = 1/4 √(15/2π)sin²θe^(2iφ)

Y2,1 = -Y2,-1 = 1/2 √(15/2π)sinθcosφ

Y2,0 = 1/4 √(5/π)(3cos²θ-1)

Y0,0 = 1/√(4π)

The spherical harmonics have various applications in physics, including quantum mechanics, electrodynamics, and acoustics. They play a crucial role in understanding the symmetry of various systems. Hence, the spherical harmonics are an essential mathematical tool in modern physics. Thus, this is how one can show another form for spherical harmonics.

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Prompt
Why is the annual interest rate more important to a borrower who carries a balance than to a borrower who pays off the balance monthly?

Answers

Answer:

Interest to be paid will keep on reducing each month

Step-by-step explanation:

due to reduction of the principal amount. As a result the net interest output will be higher for a borrower who carries balance for the whole year compared to one who pays offs monthly.

Answer:

Who is paying is not as important as the interest rate. Either way, a lower rate will benefit the person who has the bill.

Step-by-step explanation:

In 2004 a certain oil company spent sh 1740000 on crude oil import .This was a 20%increase 0ver the money on crude oil import in 2003.
a) How much did the company spend on crude oil import in 2003.
b)What was the difference in the money spent on crude oil import in the two years?​

Answers

Answer:

a = 1,450,000

b = 290,000

Step-by-step explanation:

A: 1,740,000 = x*1.20

1,740,000/1.2 = x1.20/1.20

1,450,000 = x

B: 1,740,000 - 1,450,000 = 290,000

Consider the following three systems of linear equations. System A System B System C 11 x= -44 [B1] x=-4 [C1] - 7x- 6y= 10 [A1] 6x+2y=- 18 [A2] 6x + 2y=-18 [B2] 6x +2y=-18 [C2] Answer the questions below. For each, choose the transformation and then fill in the blank with the correct number. The arrow ( - ) means the expression on the left becomes the expression on the right. How do we transform System A into System B? O X Equation [A1] → Equation [B1] Х ? 1 x Equation [A2] → Equation [B2] * Equation [A1] + Equation [A2] → Equation [B2] 1 x Equation [A2] + Equation [A1] → Equation [31] How do we transform System B into System C? 1 x Equation (B1] Equation (C1] X Equation [B2] → Equation (C2] 1 x Equation [31] + Equation [B2] → Equation (C2] * Equation [B2] + Equation [31] → Equation [21]

Consider the following three systems of linear equations. System A System B System C 11 x= -44 [B1] x=-4

Answers

The correct transformations:

1) 3 x Equation [A2] + Equation [A1] → Equation [B1]

2). 1/11 x Equation [B1} → Equation [C1]

The correct options are D and A respectively.

What is the system of equations?

One or many equations having the same number of unknowns that can be solved simultaneously are called simultaneous equations. And the simultaneous equation is the system of equations.

Given:

We have three systems of linear equations.

To transform system A into system B:

Multiply 3 to the equation A2 and then add to equation A1,

we get,

-7x +18x -6y + 6y = 10- 54

11x = -44

equation B1.

To transform system B into system C:

Multiply 1/11 to equation B1,

we get,

x = -4

equation C1.

Therefore, the transformations are given above.

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5) Find the median and mean6) Find the median and mean

5) Find the median and mean6) Find the median and mean

Answers

7) The given distribution of data is:

19, 17, 18, 21, 14, 17, 16, 22, 14, 22, 16

This can be rearranged as:

14, 14, 16, 16, 17, 17, 18, 19, 21, 22, 22

The frequency distribution table is drawn below

The dot plot is drawn right after the frequency table

5) Find the median and mean6) Find the median and mean
5) Find the median and mean6) Find the median and mean

I need help with this im currently studying

I need help with this im currently studying

Answers

Answer:

a,b,d

Step-by-step explanation:

a constant rate means it is constantly/repeatedly changing the same amount over time a,b,d keeps on changing (a is by 12% each year) (B is by 3 points each decade) (D is by 2.5% each year) C on the other hand changes every six months but stops at the end of the second year. therefore the answers are A,B and D

Consider the following regression model: Y₁ =B₁ + B₂X₂1+ B3X31 + B₂X41 +14₁ Using the model above show that the maximum likelihood estimator for the variance, var (uiX21-X31-B4X4), is biased (be sure to comment of the nature of the bias).

Answers

The maximum likelihood estimator for the variance, (ui|\(X_{2i}\), \(X_{3i}\), β₄\(X_{4i}\)), is unbiased.

To analyze the bias of the maximum likelihood estimator (MLE) for the variance, we need to consider the assumptions and properties of the regression model.

In the given regression model:

\(Y_i\) = β₁ + β₂\(X_{2i}\) + β₃\(X_{3i}\) + β₄\(X_{4i}\) + U\(_{i}\)

Here, \(Y_i\) represents the dependent variable, \(X_{2i}, X_{3i},\) and \(X_{4i}\) are the independent variables, β₁, β₂, β₃, and β₄ are the coefficients, U\(_{i}\) is the error term, and i represents the observation index.

The assumption of the classical linear regression model states that the error term, U\(_{i}\), follows a normal distribution with zero mean and constant variance (σ²).

Let's denote the variance as Var(U\(_{i}\)) = σ².

The maximum likelihood estimator (MLE) for the variance, σ², in a simple linear regression model is given by:

σ² = (1 / n) × Σ[( \(Y_i\) - β₁ - β₂\(X_{2i}\) - β₃\(X_{3i}\) - β₄\(X_{4i}\))²]

To determine the bias of this estimator, we need to compare its expected value (E[σ²]) to the true value of the variance (σ²). If E[σ²] ≠ σ², then the estimator is biased.

Taking the expectation (E) of the MLE for the variance:

E[σ²] = E[ (1 / n) × Σ[( \(Y_i\) - β₁ - β₂\(X_{2i}\) - β₃\(X_{3i}\) - β₄\(X_{4i}\))²]

Now, let's break down the expression inside the expectation:

[( \(Y_i\) - β₁ - β₂\(X_{2i}\) - β₃\(X_{3i}\) - β₄\(X_{4i}\))²]

= [ (β₁ - β₁) + (β₂\(X_{2i}\) - β₂\(X_{2i}\)) + (β₃\(X_{3i}\) - β₃\(X_{3i}\)) + (β₄\(X_{4i}\) - β₄\(X_{4i}\)) + \(U_{i}\)]²

= \(U_{i}\)²

Since the error term, \(U_{i}\), follows a normal distribution with zero mean and constant variance (σ²), the squared error term \(U_{i}\)² follows a chi-squared distribution with one degree of freedom (χ²(1)).

Therefore, we can rewrite the expectation as:

E[σ²] = E[ (1 / n) × Σ[\(U_{i}\)²] ]

= (1 / n) × Σ[ E[\(U_{i}\)²] ]

= (1 / n) × Σ[ Var( \(U_{i}\)) + E[\(U_{i}\)²] ]

= (1 / n) × Σ[ σ² + 0 ] (since E[ \(U_{i}\)] = 0)

Simplifying further:

E[σ²] = (1 / n) × n × σ²

= σ²

From the above derivation, we see that the expected value of the MLE for the variance, E[σ²], is equal to the true value of the variance, σ². Hence, the MLE for the variance in this regression model is unbiased.

Therefore, the maximum likelihood estimator for the variance, (ui|\(X_{2i}\), \(X_{3i}\), β₄\(X_{4i}\)), is unbiased.

Learn more about maximum likelihood estimator click;

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What are the solutions of x2+ 6x-6= 10?
X=-11 or X= 1
X=-11 or X=-1
X=-8 or X=-2
X=-8 or X= 2

Answers

The answer is x=-8 or x=2
the answer is x =-8 and x=2
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