100-side dice with number 1,2,...,100 on each side. You get paid $50 if you roll a 50, $75 if you roll a 75 etc. If you are unsatisfied with the result, you can pay $1 to roll again, you can roll as many times as you want. Question: what's the maximal amount you are willing to pay to enter this game (roll for the first time). Note that each subsequent play you only need to pay $1 to play again. What's your strategy?
An ice cream shop wants to determine the probability of any random customer buying one of their three flavors, based on their historical data set.
If you want to know the total population of bears in a national park, what could you do?
SQL exam and further statistical problems.
All the questions were relatively easy.
If you are trying to estimate the parameter p of the binomial distribution B(n,p) from data where the number of successes is 0, what is the confidence interval for the p estimate
If you will propose a project in the quantitative marketing team, what will you propose and how will you plan the project?
Essentially is about how measurement error and reliability affect your regression estimate (or just the estimate of the probability in a binomial distribution).
Basic probability and statistical inference problem. Most like statistics program qualify questions.
Why SVM outperforms other classifiers?
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