Business

Business, 16.07.2019 21:00, anggar20

Ending a casino monopoly. consider a state that initially has a single casino for gambling. suppose the state allows a second casino to enter the market. how would you expect the entry of the second casino to affect (a) the variety of games offered in the casinos and (b) the payout (winnings) per dollar spent?

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Mathematics, 28.08.2019 18:20, tookie6208

We first examine a simple hidden markov model (hmm). we observe a sequence of rolls of a four-sided die at an "occasionally dishonest casino", where at time t the observed outcome x_t ∈{1, 2, 3, 4}. at each of these times, the casino can be in one of two states z_t ∈ {1.2). when z_t = 1 the casino uses fair die, while when z_t=2 the die is biased so that rolling a 1 is more likely. in particular: p(x_t = 1| z_t = 1) = p(x_t = 2| z_t = 1) = p(x_t = 3 | z_t = 1) = p(x_t = 4|z_t = 1) = 0.25, p(x_t = 1| z_t = 2) = 0.7, p(x_t = 2 | z_t = 2) = p(x_t = 3 | z_t = 2) = p(x_t = 4 | z_t = 2) = 0.1. assume that the casino has an equal probability of starting in either state at time t = 1, so that p(z1 = 1) = p(z_1 = 2) = 0.5. the casino usually uses the same die for multiple iterations but occasionally switches states according to the following probabilities p(z_t + 1 = 1 | z_t = 1) = 0.8, p(z_t + 1 = 2) = 0.9 the other transition probabilities you will need are the complements of these. hint: for all of the question below, you should not need to enumerate all possible state sequences.a. under the hmm generative model, what is p(z1 = z2 = z3), the probability that the same die is used for the first three rolls? b. suppose that observe the first two rolls. what is p(z1 = 1 | x1 = 2, x2 = 4), the probability that the casino used the fair die in the first roll?

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Mathematics, 31.10.2019 06:31, kenleighbrooke67

Amajor issue facing many states is whether to legalize casino gambling. suppose the governor of one state believes that more than 55% of the state's registered voters would favor some form of legal casino gambling. however, before backing a proposal to allow such gambling, the governor has instructed his aides to conduct a statistical test on the issue. to do this, the aides have hired a consulting firm to survey a simple random sample of 300 voters in the state. of these 300 voters, 175 actually favored legalized gambling. state the appropriate null and alternative hypotheses.

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Business, 11.11.2019 11:31, screamqueen

Assume the owners of the only gambling casino in wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. economists refer to these expenditures as:

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