FREELANCER MANUAL GET TO WORK‚ GROW YOUR CAREER‚ AND BE AN ODESK SUPERSTAR! Copyright © 2013‚ oDesk Corp. All rights reserved. 1 Freelancer Manual What’s Inside Part 1: Welcome to oDesk What does oDesk do? ....................3 Why should I work on oDesk? ....................3 How does oDesk make money? ....................3 What is online work? ....................4 How is online work different from traditional work? ...................
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Mathematical Systems Probability Solutions by Bracket A First Course in Probability Chapter 4—Problems 4. Five men and 5 women are ranked according to their scores on an examination. Assume that no two scores are alike and all 10! possible rankings are equally likely. Let X denote the highest ranking achieved by a woman (for instance‚ X = 1 if the top-ranked person is female). Find P X = i ‚ i = 1‚ 2‚ 3‚ . . . ‚ 8‚ 9‚ 10. Let Ei be the event that the the ith scorer is female. Then the
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PART 4A DECISION THEORY AND INFORMATION SYSTEMS 261 QUESTIONS [Fact Pattern #1] Stewart Industries has been producing two bearings‚ components B12 and B18‚ for use in production. B12 B18 ------ ------ Machine hours required per unit 2.5 3.0 Standard cost per unit: Direct material $ 2.25 $ 3.75 Direct labor 4.00 4.50 Manufacturing overhead: Variable
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Probability Theory and Game of Chance Jingjing Xu April 24‚ 2012 I. INTRODUCTION Probability theory is the mathematical foundation of statistics‚ and it can be applied to many areas requiring large data analysis. Curiously‚ that the study on probability theory has its root in parlor games and gambling. In 17th century‚ dice gambling was a very common entertainment among the upper class. An
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Decision Theory Models The Six Steps in Decision Theory * Clearly define the problem at hand. * List the possible alternatives. * Identify the possible outcomes or states of nature. * List the payoff or profit of each combination of alternatives and outcomes. * Select one of the mathematical decision theory models. * Apply the model and make your decision. Case Here we use the Thompson Lumber Company case as an example to illustrate these decision theory steps. John Thompson
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Study Guide for Probability Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Which inequality represents the probability‚ x‚ of any event happening? a.||c.|| b.||d.|| ____ 2. Which event has a probability of zero? a.|choosing a letter from the alphabet that has line symmetry|c.|choosing a pair of parallel lines that have unequal slopes| b.|choosing a number that is greater than 6 and is even|d.|choosing a triangle that is both
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cloud or the probability that it will rain‚ we move from pure simulation to Monte Carlo. The reason for this distinction is that there may be other ways to define A that make it easier to estimate. This process is called variance reduction‚ since most of the error in A is statistical. Reducing the variance of A reduces the statistical error. We often have a choice between Monte Carlo and deterministic methods. For example‚ if X is a one dimensional random variable with probability density f (x)
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Decision theory tells what we may rationally prefer and not what we may rationally believe. Desires according to Hume‚ are original existences and not subject to rational assessment. Drier says this may be a bit of a bold statement but so what? It isn’t irrational that we have conflicting desires‚ but it is the decision out of them that is important. I don’t want sunburn. I stay inside. Trouble arises when I prefer staying in to sunbathing‚ sunbathing to short exposure and short exposure to staying
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COMPETING OFFERS ON THE HOUSE THAT ARE CLOSE IN VALUE‚ THEN IT IS COMMON PRECTICE FOR THE SELLER TO ASK THE POTENTIAL BUYERS TO SUBMIT THEIR FINAL OFFERS THE FOLLOWING DAY. TRYING TO BE OBJETIVE ABOUT THIS DECISION‚ DEBBIE HAS DECIDED TO CONSTRUCT A DECISION TREE TO HELP HER WITH THIS DECISION. SHE HAS ASSUMED THAT THE "FAIR MARKERT VALUE" OF THE HOUSE UNDER CONSIDERATION IS $400‚000.00. SHE HAS ASSIGNED AND "EMOTIONAL VALUE" OF $10‚000.00 IF SHE AND GEORGE ARE SUCCESSFUL IN PURCHASING THE HOUSE
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| Analysis of the Behavioral Decision Making Theory | Introduction: For many of us‚ when we take a look at a multinational corporation‚ we become fascinated by its image‚ such as its revenue‚ massive head quarters‚ the span of chains it has in different countries etc. We tend to judge by its magazine features and attributes. We measure the company’s success based on those attributes. However‚ success for every company‚ no matter the size‚ always starts from the interior. In order to become
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