Empirical research on stock market data for two consecutive trading days indicates that 40% of the stocks that went up on the first day also went up on thesecond day. Yesterday, 600 stocks went up.Answer the following. (If necessary, consult a list of formulas.)(a) Find the mean of p, where p gives the proportion of the 600 stocks that went up yesterday that will go up today.?(b) Find the standard deviation of p.(c) Compute an approximation for P(p <0.39), which is the probability that fewer than 39% of the stocks that went upyesterday will go up again today. Round your answer to four decimal places.

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Answered: Empirical research on stock market data…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Empirical research on stock market data for two consecutive trading days indicates that 60% of the stocks that went up on the first day also went up on the second day. Yesterday, 600 stocks went up. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p, where p gives the proportion of the 600 stocks that went up yesterday that will go up today. (b) Find the standard deviation of p. (c) Compute an approximation for P(p <0.58), which is the probability that fewer than 58% of the stocks that went up yesterday will go up again today. Round your answer to four decimal places.
A Scenario: Jimmy store sells large tins of Tom Tucker Coffee. The deli uses a periodic review system. Inventory is checked every 10 days which more orders are needed for tins. Order lead time is 3 days. Average demand is 7 tins, so average demand during the reorder period and order lead time (13) is 91 tins. Standard deviation of demand during the same 13 day period is 17 tins.1. Calculate the restocking level ( Assume the desired level is 90%)2. Suppose standard deviation of demand during the 13-day period drops to 4 tins. What happened to restocking level? Explain why?3. Draw a saw-tooth diagram. Beginning inventory level is equal to restocking level and the demand rate is a constant 7 tins per day. What is the safety stock level? What is the average inventory level?
The variable W represents the weight of potatoes buns sold at the bakery. This variable is normally distributed with mean 90 g and standard deviation 6 g. (a) (i) Explain the meaning of S6 . (ii) Find the mean and standard deviation of S6 . (ii) Hence, Calculate P ( S6 2 560 g).
Empirical research on stock market data indicates that over the course of a year, 60% of stocks go up. A random sample of 600 stocks is going to be chosen at the beginning of next year. Let p be the proportion of the stocks in the sample that go up over the course of a year. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p. 0 (b) Find the standard deviation of p. 0 (c) Compute an approximation for P(p>0.64), which is the probability that more than 64% of the stocks in the sample go up over the course of the year. Round your answer to four decimal places. X 5
(a) Approximate the mean and standard deviation. Round each to two decimals. (b) Complete the last two columns in the table above for relative frequency and cumulative frequency. Round any decimals to 3 places. Do not include the zero before the decimal. For example for 0.56, enter .56 (c) What is the shape of the distribution?
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In a study, 25,000 adults were randomly surveyed as to the number of grandchildren they have, X. The probability distribution is given below. Find the mean and the standard deviation of the probability distribution using a TI-83, TI-83 Plus, or TI-84 graphing calculator. Round the mean to one decimal place and the standard deviation to two decimal places. x P(x) 0 0.01 1 0.02 2 0.02 3 0.24 4 0.35 5 0.20 6 0.07 7 0.05 8 0.02 9 0.01 10 0.01
A car battery's lifetime has an unknown distribution that is symmetric around its average of 800 days. The standard deviation of the lifetime is 50 days. Use Chebyshev's theorem to find an upper bound for the percentage of batteries that last shorter than 550 days? A. 5.56% B. 2.00% O C. 1.39% O D. 3.13%
A population is normally distributed with mean 16.3 and standard deviation 1.4. (a) Find the intervals representing one, two, and three standard deviations of the mean. one standard deviation (smaller value) (larger value) two standard deviations (smaller value) (larger value) three standard deviations (smaller value) (larger value) (b) What percent of the data lies in each of the intervals in part (a)? (Round your answers to two decimal places.) one standard deviation % two standard deviations % three standard deviations %
Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4% and a standard deviation of 4%. Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places. 0 X Ś

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