6. During an evolution, the minimum, maximum, and average fitness of a population is 1.2, 270, and 40, respectively. If the most fit individual is to be 3 time more likely than the average fit individual to be selected, and the least fit individual is l1/3 as likely as the average fit individual to be selected, what is the scaled fitness
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6. During an evolution, the minimum, maximum, and average fitness of a population is 1.2, 270, and 40, respectively. If the most fit individual is to be 3 time more likely than the average fit individual to be selected, and the least fit individual is l1/3 as likely as the average fit individual to be selected, what is the scaled fitness of an individual whose raw fitness is 58.
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- JUST ANSWER SUBPART 1 There are two individuals, Individual A and Individual B. Individual A has an income (Y) of 500 million Rupiah per year. If Individual A is sick, he will lose 25% of his income. Meanwhile, Individual B has an income (Y) of 100 million Rupiah per year, and if Individual B is sick, he will lose 75% of his income. The probability of Individual A and Individual B being sick is the same, which is 10%. If the satisfaction level of Individual A and Individual B is determined by their income level, based on the following function U(Y)=ln Y, would Individual A and Individual B prefer not to have health insurance? Explain Faced with fair actuarially insurance, how much premium is offered to Individual A? Is the premium rate offered the same for Individual B? Explain with the support of graphic illustrations. The government decides to provide compulsory health insurance with a premium rate for Individual A and Individual B, which is 2% of the income of each individual. In…Suppose that Winnie the Pooh and Eeyore have the same value function: v(x) = x1/2 for gains and v(x) = -2(|x|)1/2 for losses. The two are also facing the same choice, between (S) $1 for sure and (G) a gamble with a 25% chance of winning $4 and a 75% chance of winning nothing. Winnie the Pooh and Eeyore both subjectively weight probabilities correctly. Winnie the Pooh codes all outcomes as gains; that is, he takes as his reference point winning nothing. For Pooh: What is the value of S? What is the value of G? Which would he choose? Eeyore codes all outcomes as losses; that is, he takes as his reference point winning $4. For Eeyore: What is the value of S? What is the value of G? Which would he choose?An individual has the utility function U(I) = I^(1/2), where I is their net income. (Note that I to the exponent/power of 1/2 is the same as the square root of I.) The individual starts with $1600 in income. The individual has a 20% probability of being very sick, 30% probability of being slightly sick, and 50% probability of being healthy. If the individual is sick, they lose net income because they need to pay healthcare costs. The healthcare costs are $1600 if they are very sick, $700 if they are slightly sick, and $0 if they are healthy. Please use this information for the following parts of this question unless otherwise specified. What is the individual's expected utility? Suppose a health insurance company offers the individual a full insurance contract. What is the actuarially fair, full insurance premium for this individual? What is the individual's expected utility if they purchase a full insurance contract at the actuarially fair, full insurance premium?
- Suppose the large number of bike accidents in a small town results in new legislation that requires all citizens of the town to wear specialized bike helmets when riding. These new helmets reduce the probability of head trauma by 25% during a bike accident. While the new helmets the probability of a serious head injury resulting from a bike accident, they also incentivize cyclists to ride safely, which could the number of bike accidents and thus head injuries to cyclists.Suppose that an individual is just willing to accept a gamble to win or lose $1000 if the probability ofwinning is 0.6. Suppose that the utility gained if the individual wins is 100 utils. How much utility does one lose if one loses the gamble?(Ch 6) True or False? In a hotel, 50 percent of the guests pay by American Express credit card. Suppose the first X-1 guests use NON-American Express credit cards while the Xth guest is the first to use an American Express. Then X follows a geometric distribution. And P(X=2)=0.25.
- Suppose a consumer has S100 today and he tells you he is willing to wait X amount of time for another $50. The same consumer also tells you that in the future if he has $10 he ts willng to wait Y amount of time for another $50.If Y is greater than X, does the individual exhibit hyperbolic discounting, exponential discounting, or is there not enough information to determine? Briely explain your answer.According to a recent Wall Street Journal article, about 2% of new US car sales are electric vehicles (data from Edison Electric Institute reported by Jinjoo Lee, "Peak Oil? Not This Year. Or This Decade," January 9, 2021 pg. B12). Suppose a company has 111 employees who drive new cars (separately) to work each day. What is the probability that at least one of them will drive an electric car? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.In the July 29, 2001, issue of The Journal News (Hamilton, Ohio), Lynn Elber of the Associated Press reported that “while 40 percent of American families own a television set with a V-chip installed to block designated programs with sex and violence, only 17 percent of those parents use the device.”(a)Use the report’s results to find an estimate of the probability that a randomly selected American family has used a V-chip to block programs containing sex and violence.find P(V and U)According to the report, more than 50 percent of parents have used the TV rating system (TV-14, etc.) to control their children’s TV viewing. How does this compare to the percentage using the V-chip?
- Q9: Mr. Jasem has 30 fruits, 18 of them are apples and 12 are oranges. His friend Waseem has 20 fruits and Mohammed has 30 fruits, all of them are Windows All of them are either apples or oranges. Assume that the ratio of the apples to oranges is the same for Mohammed, Jasem and Waseem. a. find the number of oranges with Waseem and Mohammed b. find number of apples for all 3 friends c. find how many more oranges Jasem has than Waseem d. if ratio of apples to oranges is 2:1, how many apples Jasem will have? e. if Jasem wants to sell all the fruits at 60 OMR, what would be selling price of 1 apple?__ 2. According to the classical definition of probability a. All the events are equally likely. b. The probability is based on hunches. c. Divide the number of successes by the number of failures. d. One outcome is exactly twice the other.Pisa Pizza, a seller of frozen pizza, is considering introducting a healthier version of its pizza that will be low in cholesterol and contain no trans fats. The firm expects that sales of new pizza will be $20 million per year. While many of these sales will be to new customers, Pisa Pizza estimaes that 40% will come from customers who switch to the new, healthier pizzai nstead of buying the original version. a) Assume cusotmer will spend the same amount on either version. What level of incremental sales is associated with introducing the new pizza? b) Suppose that 50% of hte cusomters who will switch from Pisa Pizza's orignial pizza to its healthier pizza will switch to another brand if Pisa PIzza does not introduce a healthier pizza. What level of incremental sales is associated with introducing the new pizza in this case?