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1. ___ refers to the probabilities of the states of nature after revising the pr

ID: 3158220 • Letter: 1

Question

1. ___ refers to the probabilities of the states of nature after revising the prior probabilities based on sample information. A. Joint probabilities B. Perfect probabilities C. Posterior probabilities D. Preliminary probabilities 2 ___ refers to the scenario in which the relationship between the dependent variable and one dependent variable is different at different values of a second independent variable. A. Autocorrelation B. Interaction C. Covariance D. Muiltcollinearity 3. A global minimum A. Is also a local maximum B. Need not to be a local maximum, but vice versa is true C. Is also local minimum. D. Need not be local minimum, but vice versa. 4. A linear regression analysis for which any one unit change in the independent variable is assumed to: A. Have a nullifying effect on the dependent variable. B. Have no change in the dependent variable C. Have the same change in the dependent variable D. Have an inverse effect on the dependent variable. 5. A measure of a outcome of a decision such as profit, cost, or time is known as a____ A. Payoff B. Branch C. Regret D. Forecasting index
1. ___ refers to the probabilities of the states of nature after revising the prior probabilities based on sample information. A. Joint probabilities B. Perfect probabilities C. Posterior probabilities D. Preliminary probabilities 2 ___ refers to the scenario in which the relationship between the dependent variable and one dependent variable is different at different values of a second independent variable. A. Autocorrelation B. Interaction C. Covariance D. Muiltcollinearity 3. A global minimum A. Is also a local maximum B. Need not to be a local maximum, but vice versa is true C. Is also local minimum. D. Need not be local minimum, but vice versa. 4. A linear regression analysis for which any one unit change in the independent variable is assumed to: A. Have a nullifying effect on the dependent variable. B. Have no change in the dependent variable C. Have the same change in the dependent variable D. Have an inverse effect on the dependent variable. 5. A measure of a outcome of a decision such as profit, cost, or time is known as a____ A. Payoff B. Branch C. Regret D. Forecasting index
A. Joint probabilities B. Perfect probabilities C. Posterior probabilities D. Preliminary probabilities 2 ___ refers to the scenario in which the relationship between the dependent variable and one dependent variable is different at different values of a second independent variable. A. Autocorrelation B. Interaction C. Covariance D. Muiltcollinearity 3. A global minimum A. Is also a local maximum B. Need not to be a local maximum, but vice versa is true C. Is also local minimum. D. Need not be local minimum, but vice versa. 4. A linear regression analysis for which any one unit change in the independent variable is assumed to: A. Have a nullifying effect on the dependent variable. B. Have no change in the dependent variable C. Have the same change in the dependent variable D. Have an inverse effect on the dependent variable. 5. A measure of a outcome of a decision such as profit, cost, or time is known as a____ A. Payoff B. Branch C. Regret D. Forecasting index

Explanation / Answer

1. C. Posterior probabilities

2. D. Muiltcollinearity

3. C. Is also local minimum.

4. C. Have the same change in the dependent variable

5. D. Forecasting index