Answered: Make a table and matrix of transition…

Make a table and matrix of transition probabilities. 2. If John purchases at X-mart in the first week, what is the probability that Bob purchases at X-store in the third and fourth weeks?

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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Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 60 stocks traded on the NYSE that day showed that 24 went up.You are conducting a study to see if the proportion of stocks that went up is significantly more than 0.3. You use a significance level of α=0.001α=0.001.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value =
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Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 74 stocks traded on the NYSE that day showed that 11 went up. You are conducting a study to see if the proportion of stocks that went up is significantly less than 0.3. You use a significance level of a = 0.05. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... less than (or equal to) a O greater than a This test statistic leads to a decision to... O reject the null O accept the null O fail…
not A 1995 study by the School of Public Health reported that 87% of male students who live in a fraterity house are binge drinkers. The figure for fraternity members who are residents of a fraternity house is 71 %, while the figure for men who do not belong to a fraternity is 44 % Suppose that 11% of U.S. male students live in a fraternity house, 15% belong to a fraterity but do not live in a fraterity house, and 74% do not belong to a fraterity a. What is the probability that a randomly selected malp student is a binge drinker? b. If a randomly selected male student is a binge drinker, what is the probability that he lives in a fraterity house? The probability that a randomly selected male student is a binge drinker is 0.5509 (Type an integer or a decimal rounded to two decimal places as needed) CETTE
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