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Suppose that a customer of the Suppose that a customer of the  system spends the amount of time  waiting in queue before entering service. (a) Show that, conditional on the preceding, the number of other customers that were in the system when the customer arrived is distributed as 1 + P, where P is a Poisson random variable with mean λ. […]

A consumer’s utility function is U(X,Y) = X Y . A consumer’s utility function is U(X,Y) = X Y . Where X is the number of hole of golf that she can play and Y a composite good. The price of X is px = 2, the price of Y is py = 1, and […]

If X and Y are both discrete, show that If X and Y are both discrete, show that  for all y such that p(y)>0. Is this the question you were looking for? If so, place your order here to get started!

Psychological Statistics   Question 1. 1. Identify each of the following as examples of nominal, ordinal, interval, or ratio scales of measurement. (4 points each) 1.A poll of registered voters in Florida asking which candidate they support 2.The length of time required for a wound to heal when using a new medicine 3.The number of […]

Demand Curve Suppose you are in charge of a toll bridge that costs essentially nothing to operate. THe demand for bridge crossings Q is given by P=15-(1/2)Q. Draw the deman curve for bridge crossings. How many people would cross the bridge if there were no toll? Is this the question you were looking for? If […]

What is the probability that of the first four A ball is drawn from an urn containing three white and three black balls. After the ball is drawn, it is then replaced and another ball is drawn. This goes on indefinitely. What is the probability that of the first four balls drawn, exactly two are […]

A key ring contains four office keys that are A key ring contains four office keys that are identical in appearance, but only one will open your office door. Suppose you randomly select one key and try it. If it does not ?t, you randomly select one of the three remaining keys. If it does […]

Assignment title E-Commerce Strategy Purpose of this Purpose of this assignment The aim of this assignment is to enable you to understand how businesses and organisations develop E-commerce strategies to remain competitive in the global market. Scenario For this assignment, you will need to carry out research into the key underlying principles, concepts and techniques […]

The graphs below show indifference curves for various goods. Your report need not take a formal report format. You can answer each question below, with supporting Excel outputs (where applicable) included in your report. Your answers should be clear and concise: unclear and unnecessarily long answers may be penalized. In this assignment, you will analyse […]

Your report need not take a formal report format. You can answer each question below, with Suppose a consumer, Sheldon Cooper, has the following utility function for comic books (C) , and tangerine chicken (T):( See Image for Utility function )..Use the utility function to define the indifference curve that passes through all of the […]