10.1 A Second Real-World Example: Modeling Sears-Roebuck Catalog Prices, Part 1 » Quiz Solution
1. The answer is c. In the video, the plots Simon shows all use x = log price, so the problem here is the find the maximum entropy distribution P of the log of the price.
2. The answer is b. The <x> term comes from the second term in the sum in the exponent, and the <x2> term comes from the first term in the sum in the exponent. The third term in the sum comes from the constraint that the distribution sums to 1.