Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A political analyst was interested in the proportion of individuals who would vote for a controversial ballot measure. While he thought that it would be a close call, he was un sure of the precise value for C. He assessed a beta distribution for with parameters r0 = 3, n0 = 6.

a. Plot this prior distribution for C.

b. The analyst is about to ask four individuals about their preferences. What is the probability that more than two of these individuals will express their support for the ballot measure?

c. Having questioned the four individuals, the analyst found that three would indeed vote for the ballot measure. Find the analyst's posterior distribution for C. Plot this posterior distribution and compare it with the prior distribution plotted in part a.

d. The analyst is now about to survey another 10 people. What is the probability that more than five of these people will support the ballot measure in this new poll?

e. Suppose that 6 of the 10 people surveyed said they would vote for the ballot measure. The analyst now must write up his results. What is his probability that the ballot measure will pass?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91675283

Have any Question?


Related Questions in Statistics and Probability

The average price of a television on a certain web site is

The average price of a television on a certain Web site is ?$770. Assume the price of these televisions follows the normal distribution with a standard deviation of ?$170. Complete parts a through d below. a.  What is th ...

Suppose a sample space has things ab and c twice draw from

Suppose a sample space has things a,b and c. Twice, draw from the sample space and replace. The possible sequences formed are {aa, ab, ac,ba,bb, bc,ca,cb,cc} Now suppose there are Y different things. There are Y ways the ...

The beta corp has decided to enter the next generation in

The BETA Corp. has decided to enter the next generation in customer service. In order to do so they need to purchase a new piece of equipment. The equipment is highly specialized and needs to be created to exact specific ...

Suppose we know the following probabilitiesrepublican

Suppose we know the following probabilities: Republican Democrat Independent Female 0.076 0.191 0.006 Male 0.175 0.013 ? Enter the probability of events Democrat and Female occurring jointly with 3 decimal place accuracy ...

If the lengths of male skis and female skis are used to

If the lengths of male skis and female skis are used to construct a? 95% confidence interval for the difference between the two population? means, the result is 14.32cm

1 a stock market analyst is able to 1. A stock market analyst is able to

1. A stock market analyst is able to identify mis-priced stocks by comparing the average price for the last 10 days to the average price for the last 60 days. If this is true, what do you know about the market's efficien ...

If no payments are made a loan of amount 44000 would

If no payments are made, a loan of amount $44000 would increase to $49103.89 after 2 years of monthly compounding interest. If instead, payments of $718.87 are made at the end of each month, how many years would it be un ...

Suppose you sell a fixed asset for 121000 when its book

Suppose you sell a fixed asset for $121,000 when it's book value is $147,000. If your company's marginal tax rate is 35%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of ...

Total cholesterol in children 10 to 15 years of age is

Total cholesterol in children 10 to 15 years of age is assumed to follow a normal distribution of 191 and a standard deviation 22.4. What proportion of children 10 to 15 years of age has total cholesterol between 180 and ...

Cardinal industries had the following operating results for

Cardinal Industries had the following operating results for 2018: Sales = $33,813; Cost of goods sold = $23,967; Depreciation expense = $5,947; Interest expense = $2,685; Dividends paid = $1,951. At the beginning of the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As