Consider a "punishment" variation of the two-firm oligopoly situation shown in the figure below. Suppose that if one firm sets a low price while the other sets a high price, then the firm setting the high price can fine the firm setting the low price. Suppose that whenever a fine is imposed, X dollars are taken from the low-price firm and given to the high-price firm. RareAir's price strategy High Low $12 $15 A В High $12 $6 C $6 $8 Low $15 $8 Instructions: Enter your answer as a whole number. What is the smallest amount that the fine X can be such that both firms will want to always set the high price? million Uptown's price strategy

Q: Xavier and Yolanda both have classes that end at noon and they agree to meet every day after class. ...

A: It is the basically question of probability density function  The Probability Density Function(PDF) ...

Q: Suppose that 3 cards are drawn from a​ well-shuffled deck of 52 cards. What is the probability that ...

A: GivenTotal no.of cards in a deck = 52no.of red cards in a deck = 26        (i.e., diamonds and Heart...

Q: The large airline company, Cloudscape, knows from experience that only 76% of the passengers booked ...

A: We have given that  Population proportion p=76%=0.76 Sample size n =8

Q: Suppose that in a certain class, grades will be given in a uniform distribution where a = 80, b = 10...

A: Given that  f(x)= 1/(b-a)     , a< x <b X~Uniform ( a ,b) a=80  , b=100

Q: In a survey of 634 males ages 18-64, 390 say they have gone to the dentist in the past Construct 90%...

A:

Q: In how many ways can one walk from A to B by taking the shortest possible path along the grids?

A: In this case, we are able to move up or right. From the diagram we can move 4 rights, and 5 ups'.

Q: P(x) X*P(X) X-µ (X-µ)^2 [(X-µ)^2]*P(X) 42 0.1 43 0.23 44 0.34 45 0.25 46 0.05 47 0.03

A:

Q: Roll a six-sided balance die once. Let A = {1,3,5}, B = {2,4,5,6} Find conditional probability 4. P(...

A: Note: Please repost 2nd question as I can author only 1 question as per my policy Given data,A={1,3,...

Q: CNNBC recently reported that the mean annual cost of auto insurance is 1025 dollars. Assume the stan...

A:

Q: False

A:

Q: Suppose there are 6 roads connecting town A to town B and 4 roads connecting town B to town C. In ho...

A: Multiplication rule of counting: If there are ‘a’ number ways to make the first choice, b ways to ma...

Q: Samiyah and DeAndre play the following game. They take turns choosing either 1, 2 or 3. When it is a...

A: Given assumption that  Saiyan moves first in the game and total reaches is 3

Q: Show that the following function satisfies the properties of a joint probability mass function. fytx...

A:

Q: During the 2015–16 NBA season, Stephen Curry of the Golden State Warriors had a free throw shooting ...

A: X~Bin(n=2, p=0.908)   

Q: Two standard dice are rolled. Find the probability that the numbers rolled equal 6.

A:

Q: 3. [8] Let A = {a, b, c} and B = {u, v}. Use the set-roster notation to write the elements in the fo...

A:

Q: 6. After buying some groceries from the supermarket, your mother rides a multicab to go home. The mu...

A: Given that, After buying some groceries from the supermarket, your mother rides a multicab to go hom...

Q: Nicole Mariana and Deibey Nicolas, the Fajardo Rincon twins, ran a summer business. They put their e...

A: Given Account information of 1st 4 month Find Use the equation to predict how much money will be in ...

Q: . How many are greater than 330 in a group of 3 digit numbers forme d 5 where digit (s) may be repea...

A:

Q: Determine if the scenario involves mutually exclusive events or non-mutually exclusive events. Write...

A: Note: According to Bartleby guidelines expert solve only one question and rest can be reposted.

Q: P(x) X*P(X) X-μ X-u)^2 [X-J^2] *PX) 0.48 3 0.36 4 0.11 0.05 2. LO

A: Given that : X values and their probability is given here  By using expectation rule to find mean an...

Q: A study of the diastolic blood pressures of men produced a mean of 82mmHg and a standard deviation o...

A: The mean is 82 and the standard deviation is 10.

Q: Find the probability of the indicated event. a. She gets one of each color other than blue, given th...

A: Here use Bayes rule and hypergeometric distribution 

Q: ol Year. Q3-Q4 LA. Five hundred students are interviewed about their ways to get to school. The resu...

A: From the given data Select the correct choice

Q: 3. Suppose X1 and X2 are independent random variables w. Let U = X1 and V = X1+X2. Find p(U, V) in t...

A: Result  X1 and X2 are independent, then Cov(X1, X2)=0   

Q: If one of these individuals is selected at random, find the probability that the person is (a) exper...

A:

Q: Fill in the blanks: The life expectancy of a brand of light bulbs is normally distributed with a mea...

A: Note: According to Bartleby guidelines expert solve only one question and maximum 3 subpart of the f...

Q: A study of college football games shows that the number of holding penalties assessed has a mean of ...

A:

Q: What, then, is the chance that there will be a need for exactly 2 ambulances on the said highway, du...

A: It has been observed that the average number of traffic accidents requiring medical assistance on th...

Q: found that 20% of the total pens bought are defective. There are 5 defecti defective blue pens. 250 ...

A: Construct contingency table from given information.

Q: Solve the following by concept of normal distribution and graph clearly. Show your complete solution...

A:

Q: ckle cell anemia is an inherited disease in which red blood cells become distorted and prived of oxy...

A: Given that,S represents Sickle cell genes represents healthy gene P(Child has sickle cell anemia)=?

Q: Tom and his family are relocating to Los Angeles. They purchased a home they really like, which cost...

A:

Q: The number of computers sold per day at a local computer store, along with its corresponding probabi...

A: Solution

Q: For the following system, write down the expression for system reliability:

A: Here probability of failure qi for block i probability of block i work = 1- qi

Q: Discrete Probability: 4. Five cards are dealt from a standard deck. a) What is the probability distr...

A:  4. Five cards are dealt from a standard deck. There are 13 heart cards in a standard deck of 52 car...

Q: Q5. Central limit theorem (Exponential distribution) Suppose X1,..., X„ are independent and identica...

A: Suppose X1,X2,....,Xn are samples from a distribution with a mean µ and standard deviation σ. Then, ...

Q: For a class activity, a teacher put students into teams of 5. The teams were made up of 2 students r...

A:

Q: 4) Suppose a sample consists of the following numbers: 12, 15, 13, 12, 14, 12, 16 Find a) Mean, b) M...

A: As per our guidelines we can solve three sub part of question (4) and rest can be reposted. Solution...

Q: Qn1.Distinguish between probabilistic and non probabilistic sampling 7:50 AM

A:

Q: Q2. Joint distribution of continuous random variables Suppose two random variables X and Y have a jo...

A:

Q: Evaluate the number. C(7, 4)

A: According to the given information in this question We need to evaluate C(7,4)  

Q: 20 19 A race consists of seven runners. How many ways can the runners finish first, second and third...

A: As per our guide lines we are suppose to answer only one question19)GivenNo.on runners(n)=21No.of ra...

Q: Suppose that a part is randomly selected from a set of parts {S1, M1, L1, S2, M2, L2} which represe...

A: Solution

Q: For the facilities manager's sample, find and write with proper notation the sample proportion and p...

A:

Q: Determine if the events are mutually exclusive or non-mutually exclusive. Then find the probability ...

A:

Q: Discrete Probability: What is the expected outcome of a hypergeometric distribution in which 10 obje...

A:

Q: Assume that you are drawing two balls without replacement from an urn that contains 13 green balls, ...

A:

Q: 2 Q. A telephone call may pass through a series of trunks before reaching its destina- tion. If the ...

A:

Q: The value for μ is 1,025. It is not 1,064

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...