Search & Filtering
Problem 1:
What do understand by the terms prior and posterior probabilities in relation to Bayes’ theorem?
Problem 2:
The problem with this disease is that once the first symptoms are observed and the veterinarian contacted, it can take several days for tests to be conducted and the results to be obtained. During this time, the disease can spread to other farms. However it is possible to carry out a quick test by the farmer, which will correctly diagnose the disease 80% of the time. Unfortunately, the test is prone to give a false positive reading on 40% of occasions, i.e. the probability that the test will give a positive reading when in fact the disease is absent is 0.4.
- Draw a probability tree diagram to show how the prior probabilities and the conditional outcomes of the test can be combined to give the posterior probabilities.
Calculate the rate the infilation rate of the economy if the consumer price index for 2019 is 100.
a manufacture has 15 years, 8.5 percent mortgage for 100,000 birr on a building. payments are made monthly.
a. find the monthly payment
b. how much interest will be paid?
a manufacture has 15 years, 8.5 mortgage for 100,000 birr on a building payment are made monthly.
a. find the month payment
b. how much interest will be paid
The market demand curve for a product is given by
DD: p=200-q
ss:p=50+0.5q
The market demand curve for aproduct is given by DD: p=200-q
You have been hired as an account for the OPQ Distribution Company. The company sells medical supply products to hospitals and doctor offices used for a resale or merchandising operation. The types of medical products sold are gloves, thermometers, and wheelchairs. OPQ Distribution Company has hired you because there have been financial issues with accounting for the inventory and expensing the inventory. The company wants you to resolve the inventory problems by selecting the best inventory valuation method to ensure that the company can operate successfully and meet their customers´ needs.
- Propose the inventory valuation method you would advise the company to use.
- Explain why you think it is the best suited for the business.
- Explain the cost of goods sold, ending inventory, and how the inventory valuation method you have chosen may impact these two factors.
For this discussion, the focus will be on accounts receivable. Imagine you are the owner of any business of your choice. For your initial post explain the following:
What is the business that you have chosen? Why did you choose this type of business?
What products or services will your firm sell?
Would you extend trade credit to your customers? (Do not discuss credit card payments, but rather, direct credit to your customers.) Why or why not?
How will this decision affect your sales and profits?
If you choose to extend credit, how would you ensure that your firm is paid by its customers?
How would you account for customers who fail to pay their debt to your business?
Is energy commodity an essential good? Why
demonstrate mathematically the rule of atomistic competition for energy commodity that each supplier determines its production according to the marginal cost equals price .
Afterwards,
Explain the demand side of the energy market situation
