Monthly rates of return on the shares of a particular common stock are independent of one another and normally distributed with a standard deviation of 1.8. A sample of 12 months is taken. a. Find the probability that the sample standard deviation is less than 2.4. b. Find the probability that the sample standard deviation is more than 0.9. Click the icon to view a table of lower critical values for the chi-square distribution. Click the icon view a table of upper critical values for the chi-square distribution.

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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Monthly rates of return on the shares of a particular common stock are independent of one another and normally distributed with a standard deviation of 1.8. A sample of 12 months is taken.
a. Find the probability that the sample standard deviation is less than 2,4.
b. Find the probability that the sample standard deviation is more than 0.9.
Click the icon to view a table of lower critical values for the chi-square distribution.
Click the icon to view a table of upper critical values for the chi-square distribution.
a. The probability is
greater than 0.999.
between 0.95 and 0,975.
between 0.975 and 0.99.
between 0.90 and 0.95.
between 0.99 and 0.999
less than 0.90.
Transcribed Image Text:Monthly rates of return on the shares of a particular common stock are independent of one another and normally distributed with a standard deviation of 1.8. A sample of 12 months is taken. a. Find the probability that the sample standard deviation is less than 2,4. b. Find the probability that the sample standard deviation is more than 0.9. Click the icon to view a table of lower critical values for the chi-square distribution. Click the icon to view a table of upper critical values for the chi-square distribution. a. The probability is greater than 0.999. between 0.95 and 0,975. between 0.975 and 0.99. between 0.90 and 0.95. between 0.99 and 0.999 less than 0.90.
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