Math Symbols
In the examples C = {1,2,3,4} and D = {3,4,5}
When
In the examples C = {1,2,3,4} and D = {3,4,5}
The
Bayes’ theorem describes the probability of an event, based on conditions that
Might be related to the event. Bayes’ theorem can also be calculated as the
Joint probability divided by the marginal.
Bayes’ theorem deals with conditional probability.
????(????) ∗ ????(????|????) = ????(????) ∗ ????(????|????)
????(????|????)=P(A)P(B|A)/P(B)
????(????|????)=P(Ai)P(B|Ai)/ P(A1)P(B|A1)+ P(A2)P(B|A2)
????(????|????)=P(Ai ∩B) / P(A1∩B)+P(A2∩B)
-Discrete probab distrib(numb of students absent today, numb of books borrowed from library, number of head appering when a cons is tossed tre time)LIMITED
-Conitnous:liter of rain that occur in barcelona, the wheight of all population in spain )UNLIMITED.
Ejercicio Larry
Are indoeendent?
Not because
...Joint costs are costs of a production process that yields multiple products (co-products). Here's a breakdown of common allocation methods:
This method allocates joint costs based on the relative sales value of each co-product. Here's how it works:
Predetermined Overhead Rate = Estimated Total Manufacturing Overhead (MOH) / Estimated Total MOH Driver (e.g., Direct Labor hours, Direct Labor costs, Machine Hours)
Prime Cost = Direct Materials + Direct Manufacturing Labor
Conversion Cost = Direct Manufacturing Labor + Indirect Manufacturing Overhead
Cost Accumulation: Data is collected in an organized way (also known as cost pools).
Cost Assignment: Systematically links an actual cost pool to a distinct cost object (e.g., Tires, engine, labor assigned to car cost).
Activity Base: Examples include kilometers driven in a car, units produced, units sold, machine hours.
Product Cost: Costs tied to creating a product (Direct Materials, Direct Labor, Manufacturing...
Adjacent angles - that have a common vertex and side, but no common interior points
Angle - formed by two rays with a common endpoint called the vertex
Complementary angles - whose measures add up to 90°
Congruent angles - that have the same measure
Supplementary angles - two angles whose measures add up to 180°
Vertical angles - the nonadjacent angles formed by two intersecting lines
Midpoint - the point that divides a segment into two congruent segments
Parallel lines - in a plane that never meet
Perpendicular lines - that intersect at 90° angles
Transversal - a line that intersects any two or more other lines
Triangle Inequality Theorem - the sum of the lengths of any two sides of a triangle is greater than the length...
The core idea is to understand the differences between how small and large changes in wealth affect risky gambles.
Diminishing marginal utility (risk aversion) primarily applies to large-scale gambles. This is because the utility function is sufficiently concave over lifetime changes in wealth. This concavity results in a higher utility for taking a certain outcome than for taking a gamble, even if the gamble has a higher expected return.
However, for small-scale gambles, the utility function is locally linear, yielding almost risk-neutral behavior. For wealthy individuals, the utility function is very weakly concave, leading to an asymptotically linear curvature. Thus, diminishing marginal utility cannot...
The Cartesian product of two sets A and B, denoted A × B, is the set of all ordered pairs (a, b) where a is in A and b is in B.
Example: If A = {0, 1}, the Cartesian product A × A is {(0,0), (0,1), (1,0), (1,1)}.
A binary relation R on a set A can have several properties:
Consider a set A = {0, 1}.
1. The manager of a baseball team has determined that the number of walks, x, issued in a game by one of the pitchers is described by the probability distribution given below.
| x | p(x) |
|---|---|
| 0 | 0.05 |
| 1 | 0.10 |
| 2 | 0.15 |
| 3 | 0.45 |
| 4 | 0.15 |
| 5 | 0.10 |
i. P(x = 2) = 0.15
ii. P(x > 4) = 1 – 0.10 = 0.90
iii. P(x > 5) = 0
iv. P(2 < x < 4) = 0.15+0.45+0.15 = 0.75
µ = Sxp(x) = 0(0.05) + 1(0.10) + 2(0.15) + 3(0.45) + 4(0.15) + 5(0.10) = 2.85
The sum of the measures of interior angles of an n-gon is (n-2)x180
The sum of the measures of the interior angles of a quadrilateral is 360o
The sum of the measures of the exterior angles of a convex polygon, one angle at each vertex, is 360.
Angles have to measure up to 360. 360/n (n=#of sides)
Statement that is considered to be self evident and assumed to be true without any proof or demonstration.
Statement that has been proved on the basis of previously established statements, such as other theorems and generally accepted statements such axioms.
Statement that follows with little or no proof required from an already proven statement.
Mathematical result that is useful in establishing the truth values of some other results.
The statement on the proof is trivial if we can prove that Q(x) is true for all x in S, then for all x in S, p(x) => q(X) is true regardless of the truth value of p(x).
The statement on the proof is vacuous if we can prove that P(x) is true for all x in S, then...