Q: Q=15-5p what is p and q intercept
A: the intercept is mainly used to measure the slope of the line. When Q = 00 = 15 - 5pp = 15/ 5p = 3…
Q: MUa MUb 1 30 20 2 21 12 3 15 5 4 12 3 Pa = 3 € Pb = 1€ I = 12 € Give…
A: Total utility is the total satisfaction gained from the consumption of a good. Marginal utility is…
Q: D. Cost of insurance is 20 cents per dollar. and standard deviation ould vou buy? Assume your are…
A: *Answer:
Q: a. What is the consumer's expected wealth one year from now? b. An insurance company offers our…
A: The expected value is calculated by multiplying each of the possible outcomes by the likelihood each…
Q: Find all ₁ s.t. 3 (i) a NE which is not a SPNE where player 1 plays U (ii) a SPNE where player 1…
A:
Q: Multiple Cholce 6 percent 3 percent. O 5 percent 13 percent.
A: Employment is the number of people who are willing and able to work and have a job. Unemployment…
Q: Alice and Bob are playing a repeated game in which a certain stage game is played twice in…
A: In the above game , the stage game is played twice in succession . Stage game refers to the base…
Q: You have a net worth of $915329 and a utility function given by u(w) = w0.5. If your house catches…
A:
Q: An expected utility maximiser owns a car worth £60 000 and has a bank account with £20 000. The…
A: Given that; Value of car =₤ 60000 Amount in bank account =₤20000 It is given that money in the bank…
Q: Xolani wishes to mark out a rectangle for his chickens using the wall of his house as one of the…
A: Xolani wishes to mark out a rectangle for his chickens using the wall of his house as one of the…
Q: Dr. Li has square-root utility over final wealth in millions of dollars; that is, U(W_final) =…
A: Utility; U= (W)1/2 Initial Wealth = $5Mn Investment = $1Mn Probability is 0.6 that will yield…
Q: Consider an insurance contract with the premium r=$200 and payout q=$800. a.) John has…
A: a. Fair contract premium can be calculated by using the following formula.
Q: First Player can invest $1.00 with Second Player. Second Player chooses whether to cooperate and…
A: This is an example of game theory where each player seeks to maximize his payoff provided the…
Q: For L2 slide 21, if u(9) = 55 what is the risk premium? $2.5 $3.5 $0 $1.50
A: Given: For u(7.5) = 55, Risk premium = ($12.5 - $7.5) = $5 Now if u(9) = 55, Then as per slide 21,…
Q: Be x ~exple) and d constunt. Fid expressions tor 1)Ax iv)n Ax
A: Introduction An exponential function has given. Its answer is Ax. because the above exponential…
Q: 4. ABC hotel in Ottawa has 20 rooms. Based on the past date, the hotel man- ager estimates t 15%…
A:
Q: You're the manager of global opportunities for a U.S. manufacturer that is considering expanding…
A: Answer: Step 1: Given, The selling price of products = $10 The constant marginal cost = $8 Fixed…
Q: 9 - When a distribution is positively skewed, e a) the tails are fatter than in a normal…
A: d) standard deviation overestimates the risk
Q: Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At…
A: According to the given information, it can be said that, Actual unit sold: 500 Budgeted units sold:…
Q: Nora is a runner looking for a new pair of running shoes. She found a pair that looks nice and fits…
A: Utility function : U = (W)0.5 High Quality worth = 256 Probability = 0.75 Low Quality Worth = 36…
Q: 2. Consider the following market for used cars. The set of possible quality types is given by the…
A: In case of used car market, there always exists a problem of asymmetric information as the seller…
Q: Consider a market for used bicycles, with high and low quality. Sellers value high quality at $260…
A: * SOLUTION :-
Q: producer collects he initial premium for a healih policy and gives he applicant a conditional…
A: As indicated by the Health Insurance Association of America, health care coverage is characterized…
Q: If a risk‐averse individual owns a home worth $100,000, and that individual iswilling to pay a…
A: It is given that an individual is willing to pay a maximum of $1,000 for fire insurance for his…
Q: You have a house worth 300,000. A fire will burn everything to the ground and leave $0 in value.…
A: According to the question, it is concluded that : There's a house worth 300,000 A fire will burn…
Q: Simplifying 5C3 / 2C1 yields: 20 O1 10 5
A: Formula:
Q: Consider an insurance company offer a "standard contract" with the premium r-$100 and payout q-$500…
A: Fair price of insurance is said to be that value which is equal to the all expected losses , or…
Q: Consider the constant relative risk aversion utility of wealth function from Chapter 3 for an…
A: The certainty equivalent is the amount of money that an individual investor would be willing to have…
Q: Anne has $138.40 and is thinking about buying a lottery ticket. The lottery pays $4.00 with…
A: Given the money that Anne has = $138.40 When the probability is 0.20 then lottery pays = $4 When the…
Q: urgent ! 1,1 3,0 0,3 2,2 (a) Can strategy profile (B,D) be played at the first stage if the game is…
A: We have 2×2 game in which row player has two actions A ans B and column player has action C and D
Q: Suppose that a person's utility function is the square root of wealth. Suppose the person earns…
A: Utility function indicates the satisfaction an individual earns from consumption. Consumption being…
Q: If P(A)=1, then it means that event O will never happen will nossibly hannen sometime
A: Probability means how much possibility of happening something. there is always a different…
Q: Question 4: For a compressor the probability of failure occurring during a given week is given in…
A: The term maintenance expense refers to any cost incurred by an individual or business to keep their…
Q: Adam is considering what skills to study in online school. Her utility function is based on the…
A: Since the question you have posted consists of multiple parts, we will answer the first three parts…
Q: Jason is a Web page designer. He estimates that this summer, he has a 0.6 probability of making…
A: The expected wealth depends on the values of probabilities. Expected wealth is higher when there is…
Q: Using a scale of 1 to 10, where 10 is the most painful and 1 is least painful; when John's wealth is…
A: In economics, an individual will be considered as a risk-averse when he prefer to choose an…
Q: Prove rigourously, "Constant relative risk aversion (CRRA) implies decreasing absolute risk aversion…
A: Answer in step 2.
Q: You have a house worth 300,000. A fire will burn everything to the ground and leave $0 in value.…
A: There are two states fire and no fire with probability .05 and 0.95 respectively.
Q: Question P = 16-9 cQ) 131 2. C2=9Q2 a-) Find couinet equilibrivm Cn) b-) Find cournot eQuiliblium…
A:
Q: A deck of 52 playing cards consists of 4 suites: clubs, spades, hearts, and diamonds. Each suite…
A: Given: A = a card "2" is drawn Total number of 2=4 Total 4 suites are there in 52 card decks. To…
Q: In this figure, what is the expected utility given a 0.25 chance of being sick? U (1) E[UMo.25…
A: The satisfaction that is being derived by the consumer from the consumption of a good or service is…
Q: What is the efficient level of insurance in Fig B? 2. O 0% O X% O Y%
A: Market equilibrium refers to the situation where demand and supply intersect each other
Q: Now consider a different insurance company that does not have the inclination to tailor contracts…
A: For a consumer a fair insurance contract is where the premiums paid are equal to the expected value…
Q: CALLS PUTS Dec Jan Feb Strike Price Dec Jan Feb 15 8.85 149 2.67 6.6 7.93 4.25 8.35 9.65 150 3.15 17…
A: Given : Investor purchased : 150 Dec Call Investor Sold : 155 Dec Put
Q: An art dealer owns a painting worth $1,600,000, and this dealer has an expected utility function…
A: Answer -
Q: 1 3 8. 7. 12 12 y 11 17 18 19 16 16 19 23 23 Ex^2 = Your answer Ey^2 = ΣΥ2 Your answer Σxy= - Your…
A: X X2 Y Y2 XY 1 1 9 81 9 3 9 11 121 33 8 64 17 289 136 7 49 18 324 126 6 36 19 361 114 5…
Q: An individual has the following utility function u(w)=2w05 +10 using the expected utility, order the…
A: The expected utility mainly refers to the expected utility which involves the expected or the…
Q: Millicent’s utility function is U(w) = W0.5 , where W is her wealth. She owns a “pure water”…
A: In economics, "risk aversion" is a situation in which an individual prefers lower returns or he is…
Q: Suppose we have 2 countries: Home and Foregin. Each has one asset: a banana tree. The bananas go bad…
A: A) The expected yield: The expected yield for home and foreign country without yield can be…
this is data.. do this. dont need refernece of Q1
Data:
| 8 |
| 27 |
| 24 |
| 25 |
| 11 |
| 18 |
| 22 |
| 28 |
| 21 |
| 11 |
Step by step
Solved in 2 steps with 4 images
- Suppose that you work for a U.S. senator who is contemplating writing a bill that would put a national sales tax in place. Because the tax would be levied on the sales revenue of retail stores, the senator has asked you to prepare a forecast of retail store sales for year 8, based on data from year 1 through year 7. The data are: (c1p2) Year Retail Store Sales 1 $1,225 2 1,285 3 1,359 4 1,392 5 1,443 6 1,474 7 1,467 54 Chapter One a. Use the first naive forecasting model presented in this chapter to prepare a forecast of retail store sales for each year from 2 through 8. b. Prepare a time-series graph of the actual and forecast values of retail store sales for the entire period. (You will not have a forecast for year 1 or an actual value for year 8.) c. Calculate the root-mean-squared error for your forecast series using the values for year 2 through year 7. 3. Use the second naive forecasting model presented in this chapter to answer parts (a) through (c) of Exercise 2. Use P 0.2 in…Suppose you have an extra six months of data on demands and prices, in addition to the data in the example. These extra data points are (350,84), (385,72), (410,67), (400,62), (330,92), and (480,53). (The price is shown first and then the demand at that price.) After adding these points to the original data, use Excel’s Trendline tool to find the best-fitting linear, power, and exponential trend lines. Then calculate the MAPE for each of these, based on all 18 months of data. Does the power curve still have the smallest MAPE?Consider the following time series data: Month 1 2 3 4 5 6 7 Value 24 13 20 12 19 23 15 Compute MSE using the most recent value as the forecast for the next period. What is the forecast for month 8? Compute MSE using the average of all the data available as the forecast for the next period. What is the forecast for month 8? Which method appears to provide the better forecast?
- The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months: Jan Feb Mar AprMonth 1 2 3 4Number of Accidents 30 40 70 105 Using the least-squares regression method, the trend equation for forecasting is (round your responses to two decimal places): y = ? + ?xA local moving company has collected data on the number of moves they have been asked to perform over the past two years. Moving is highly seasonal, so the owner/operator, who is both burly and highly educated, decides to apply the multiplicative seasonal method to forecast the number of customers for the coming year. The equation for the trend line of yearly sales is Ft = 16 + 60t. Please forecast demand for each quarter in Year 3. (Round the forecasts to whole numbers and show all calculations). Complete the table below and forecast the sales of Year 3 by quarter. Year 1 Year 2 Year 3 Quarter Demand Seasonal Index Quarter Demand Seasonal Index Average Seasonal Index Forecast 1 20 1 27 2 40 2 45 3 45 3 55 4 31 4 41 Total AverageDefine Forecasts and forecast errors in time series anaylsis?
- A researcher has a sample of 6 annual observations {94, 104, 102, 99, 111 and 107} for the CPI in country Z for the period 2015 to 2020, and wants to forecast CPI for the years 2021, 2022 and 2023. The researcher uses 3 different forecasting models: A, B and C. Model A is an AR(1) model with no drift and with an estimated autoregressive coefficient = 0.7. Model B is a MA(1) model with no constant and with an estimated MA coefficient = -0.4 (note the minus !). Model C is a random walk model with no drift. The error terms over the 2015-2020 period were estimated to have the values: {3, -1, 2, 4, -3, 1}. a. Compute the 2021, 2022 and 2023 forecasted values for the consumer price index based on the three models. Show the formulas and the details of your calculations, and explain all the related symbols. b. Suppose that the actual values of the CPI over the 2021, 2022 and 2023 were {108, 114, 105}. Calculate the Root mean square error of the three model forecasts over the 2021-2023…Jan '20 0.68 Feb '20 0.76 Mar '20 1.6 Apr '20 1.47 May '20 0.98 Jun '20 1.18 Jul '20 3.59 Aug '20 3.33 Sept '20 4.31 Oct '20 3.84 Nov '20 6.97 Dec '20 7.7 Using data above please provide one qualitative and two quantitative (Simple and weighted moving average) monthly forecasts in the United States for the holiday season in 2021The following table represents sales data for milk (in hundred liters) sold by a grocery.Do the computations to fill out the table and answer the following questions:1. Using MAD as the criterion, which of the following models would you use for thegiven time series data? Why?A. Naïve approach;B. 5-month SMA model;C. WMA model with weights 0.1, 0.3, and 0.6; orD. ES model with α = 0.5 and a forecast of 3,500 liters in the first month. NOTE: In answering Item 1, mention the whole description of the model; i.e., not just“SMA model”, but “SMA model with n = ...”; not just “WMA model”, but “WMA modelwith weights ...”; not just “ES model”, but “ES model with α = ...”. 2. Interpret the MAD of the most accurate among the forecasting models above.3. Based on your decision in Item 1, what should be the forecast for Month 11?
- Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table 3-2 to measure the consumer price indexfor 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places.There has been coherent effort by various national agencies to educate and encourage reduction in energy consumption among Singapore household over the years. As part of your social science school project, you have chosen to research on whether such campaign has found success among households living in 1-room and 2-room HDB flats. You have downloaded the latest town gas consumption data for further analysis.Comment on the underlying pattern in the average quarterly household town gas consumptions over 2010 Q1 – 2021 Q2. Assume that today is 1st August 2021.This is how I interpret the question units of slope: distance/time?asap