ACG 5300 At a carnival roulette wheel, a player can either win
Question 5
- ?At a carnival roulette wheel, a player can either win $10, $30, or $80. At what cost of play should the player expect the wheel to be fair?
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a. |
?$40 |
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b. |
?$20 |
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c. |
?$10 |
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d. |
?$30 |
Question 6
- ?Expected value is
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a. |
?(Probability of state A*Value in state A)+(Probability of state B*Value in state B) |
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b. |
?(Probability of state A-Value in state A) (Probability of state B-Value in state B) |
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c. |
?(Probability of state A*Value in state A)-(Probability of state B*Value in state B) |
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d. |
?(Probability of state A+Value in state A) (Probability of state B+Value in state B) |
Question 11
- ?Two important considerations during the difference-in-difference approach are
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a. |
?Representativeness, Leakages |
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b. |
?Representativeness, Reflectiveness |
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c. |
?Reflectiveness, Injections |
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d. |
?Injections, Leakages |
Question 12
- ?Type I errors are
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a. |
?True negatives |
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b. |
?False positives |
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c. |
?False negatives |
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d. |
?True positives |
Question 13
- ?You are considering buying a store. In order to better access your return on the investment, your expectations of the return should be based on
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a. |
?Days where both sales and costs are low |
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b. |
?Days where sales are high, costs are low |
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c. |
?Days where sales are low and costs are high |
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d. |
A weighted average of all the above scenarios |
Question 14
- ?You are considering buying a store. The storeowner gives you an estimate of the net profits of the store on a typical day. The owner has most likely given you the figures for
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a. |
?The best case scenario |
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b. |
?The worst case scenario |
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c. |
?Any typical day |
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d. |
?Any typical year |
Question 19
- ?The manager of an ice-cream parlor decides to introduce a new ice-cream flavor in his Dallas, TX based restaurants to compare the sales of these restaurants to the ones with no new flavors. She decides to run a difference in difference approach. Which of the following is true?
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a. |
?The first difference would be the difference in the sales of the Dallas stores before and after the introduction |
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b. |
?The second difference would be the difference in the sales in other stores before and after the Dallas stores introduced the new flavor |
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c. |
?The second difference would be the difference between the post introduction sales in the Dallas stores and the control group |
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d. |
?Only A&B |
Question 20
- ?The VP in charge of product launches hypothesizes that a particular product would be profitable, then launching an unprofitable product is a
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a. |
?Type IV error |
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b. |
?Type I error |
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c. |
?Type II error |
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d. |
?Type III error |
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Rating:
/5
Solution: ACG 5300 At a carnival roulette wheel, a player can either win