Econ 301
Homework 2
Due in class February 14, 2014
DISCLAIMER
People during office hours convinced me that I needed to post the answers to the
questions. It is late and I have not been able to proofread the answers as carefully as I
would like. I have dec
Problem Set # 2 ECON 201
Professor: Maria Bejan
CHAPTER 5
1.When studying how some event or policy affects a market, elasticity provides information on the
a. government expenditures associated with the policy.
b. costs and benefits of the effect.
c. allo
Probability & Statistics
Statistics 310
Genevera I. Allen
January 30, 2014
Lecture 6 Outline:
1. Review: Statistically Independent Events.
2. Introduction to Random Variables.
A random variable (r.v.) is a function that maps outcomes in a sample space to
STAT 310
Dr. Allen
Assignment 3
Due: Thursday February 6th by 1 PM
Problem 1 (12 points):
A player throws darts at a target. On each trial, independently of the other trials, he hits the bulls-eye with
probability .05. How many times should he throw so th
Probability & Statistics
Statistics 310
Genevera I. Allen
February 6, 2014
Lecture 8 Outline:
1. Review:
Moments:
Why moments? Expected Value, Variance, etc.
Mgf: M (t) = xS(X) etx p(x).
Property: MGF uniquely denes the probability distribution.
Mgf can
STAT310
Dr. Allen
Due: Thursday March 13, 2014
Assignment 6
Problem 1 (10 points):
The Weibull cumulative distribution function is
x
F (x) = 1 e( a ) , x 0, > 0, > 0
(a)
Find the density function
(b)
Show that if W follows a Weibull distribution, then X
Probability & Statistics
Statistics 310
Genevera I. Allen
February 25, 2014
Lecture 13 Outline:
1. Joint Distributions: Examples - Netix.
Discrete example: Let X be the number of heads on the rst coin toss and let Y be the total
number of heads out of th
The Economics of Energy Supply
in the International Handbook on the Economics of Energy
I. Introduction
The economics of energy supply are concerned with the manner in which energy
resources are allocated through space and time. Generally, energy resource
ENVIRONMENTAL MANAGEMENT IN OIL AND GAS EXPLORATION AND PRODUCTION
2 Overview of the oil and gas exploration
and production process
The oil and gas industry comprises two parts: upstream
the exploration and production sector of the industry; and
downstrea
Reserve Growth f/s
11/30/00
2:34 PM
Page 1
Reserve Growth Effects on Estimates of Oil and Natural Gas Resources
Introduction
Many scientists think that the supply of
economically recoverable oil and natural gas is
geologically limited. However, as recentl
98.
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BJO'SEluaDuapS‘MMM
Scaling Up Alternative Energy SPECIALSECTION
NEWS
Energy's Tricky Tradeoffs
The world's "energy problem" is in fact a slew of technological and sociological
challenges involving the use of the
Hall
10/11/03
3:38 pm
Page 2
insight commentary
Hydrocarbons and the evolution of
human culture
Charles Hall1,2, Pradeep Tharakan1,3, John Hallock1, Cutler Cleveland4,5 and Michael Jefferson6
1
Departments of Environmental and Forest Biology and Graduate
Dont have time to read? Heres a quick but comprehensive summary of Bill Aulets
Disciplined Entrepreneurship: 24 Steps to a Successful Startup, released on August
12.
Who should read this: First-time and serial entrepreneurs who are looking for a
solid pro
Probability & Statistics
Statistics 310
Genevera I. Allen
January 28, 2014
Lecture 5 Outline:
1. Review: Total Law & Bayes Theorem.
Bayes Theorem: A1 , A2 , . . . Ak are an exhaustive partition, and P (B) > 0. Then,
)
P (Ai |B) = PkP (B|Ai )P (Ai(A ) .
P
Challenge Problem 1
Statistics 310
Spring 2014
Assigned: January 23, 2013
Due: January 30, 2013 at 1pm.
Instructions:
You have 60 minutes in one contiguous segment to work on this problem.
You may consult your notes, textbook, and Wolfram alpha or anoth
Probability & Statistics
Statistics 310
Genevera I. Allen
January 23, 2014
Lecture 4 Outline:
1. Conditional Probability Continued.
Multiplication Rule: P (A B) = P (A|B)P (B) = P (B|A)P (A).
Monty Hall Problem: A prize is placed randomly behind one of
Economics 301
Third Homework Assignment
Due March 31 in class
From Varian, Intermediate Microeconomics 8th Edition
p. 267-8 Questions 2 and 3
p. 286 Questions 3,4 and 5
p. 313 Questions 2,3, and 4
9. Brad consumes goods x1 and y1 and an initial endowment
Econ 301
Spring 2014
Handout 1
Linear Algebra Review
Consider a system of linear equations
(1)
a11 x1 + a12 x2 = b1
(2)
a21 x1 + a22 x2 = b2
If we multiply (2) by
a11
we get
a21
(3)
a11
a a
a
( a21x1 + a22 x2 ) = a11x1 + 11 22 x2 = a11 b2
a21
a21
21
and i
Chapter 3: Interdependence and the Gains from Trade
A Parable for the Modern Economy
Production Possibilities
Both production possibilities frontiers are derived assuming that the farmer and rancher each
work 8 hours per day. If there is no trade, each pe
Problem Set #3 ECON 201
Professor: Maria Bejan
Chapter 8
1. To fully understand how taxes affect economic well-being, we must compare the
a. benefit to buyers with the loss to sellers.
b. price paid by buyers to the price received by sellers.
c. profits e
Chapter 3: Interdependence and the Gains from Trade
A Parable for the Modern Economy
Production Possibilities
Both production possibilities frontiers are derived assuming that the farmer and rancher each
work 8 hours per day. If there is no trade, each pe
Problem set 7 - ECON 201
Professor: Maria Bejan
Chapter 18
1.Omega Custom Cabinets produces and sells custom bathroom vanities. The firm has determined that if it hires
10 workers, it can produce 20 vanities per week. If it hires 11 workers, it can produc
Chapter 9: Application of International Trade
The Determinants of Trade
The Equilibrium without Trade
When an economy cannot trade in world markets, the price adjusts to balance domestic supply
and demand.
The World Price and Comparative Advantage
The fir
Assignments: Guidelines & Grading Rubrics
Statistics 310
Probability & Statistics
Spring 2014
Assignments are worth up to 650 points out of 1150 total points ( 57% of your total grade). You may
choose to complete any combination of the following assignme