5. Question 5 Imagine the following scenario: Rufus and Cornelius are running in an election for Prime Minister. Cornelius has $1,000 to spend in advertising, while Rufus only has $500….
4. Question 4 Each year a small clothing company produces a new sweater design. The sales of each design have been shown to be independent random variables. Owing to changes…
3. Question 3 Brett runs a casino. The odds that a person wins on a single hand of blackjack are 50%. Brett has had millions of people come through his…
2. Question 2 A law firm has favorable outcomes in 80% of cases that go to court. They have repeated this feat for many, many years. They recruit the top…
1. Question 1 Which one of the following examples best illustrates the “Paradox of Skill”? 1 point All the sprinters in the Olympic 100m dash are extremely skilled. However,…
10. Question 10 Which of the following measures of a network might you use to capture social capital, if we take social capital to indicate something like the productive capacity…
9. Question 9 Suppose that we have a random clique network in which each person has 20 random friends and 100 clique friends. How many 2-friends does each person have?…
7. Question 7 A train system connects Detroit to Chicago; Chicago to Minneapolis; Minneapolis to Milwaukee; and Milwaukee to Chicago. What’s the average path length between all pairs of cities?…
6. Question 6 What is the average degree of a network with six nodes and fifteen edges? Please give a numeric answer. 5
5. Question 5 Using the Polya Process, you pick 10 balls from an urn. What is the diversity index of the distribution of possible outcomes? Please give a numeric answer….
