There is some speculation that a simple name change can result in a short-term increase in the price of certain business firms' stocks (relative to the prices ofsimilar stocks). Suppose that to test the profitability of name changes, we analyze the stock prices of a large sample of corporations shortly after they changednames, and we find that the mean relative increase in stock price was about 0.82%, with a standard deviation of 0.12%. Suppose that this mean and standarddeviation apply to the population of all companies that changed names. Complete the following statements about the distribution of relative increases in stockprice for all companies that changed names.(a) According to Chebyshev's theorem, at least(about 89%) of therelative increases in stock price lie between % and %. (Roundyour answer to 2 decimal places.)(b) According to Chebyshev's theorem, at least (Choose one) v of therelative increases in stock price lie between 0.58% and 1.06%.ExplanationCheckO 2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center AccCALEKS - Britney Fri.*F11***F12InsertPriScF9F10&%3D68TYU0OKF+ /

Answered: Image /qna-images/answer/48caf3eb-f659-4cba-9b3b-6e11add3fc9c.jpg

Answered: There is some speculation that a simple…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

A psychologist is studying the self image of smokers, as measured by the self-image (SI) score from a personality inventory. She would like to examine the mean SI score, μ, for the population of all smokers. Previously published studies have indicated that the mean SI score for the population of all smokers is 85 and that the standard deviation is 15, but the psychologist has good reason to believe that the value for the mean has changed. She plans to perform a statistical test. She takes a random sample of SI scores for smokers and computes the sample mean to be 75. Based on this information, complete the parts below. (a) What are the null hypothesis Ho and the alternative hypothesis H₁ that should be used for the test? μ x H₁ : ☐ H₁:0 □<ロ □ㄨˇ O
in a test of a lifelong brand of tires , a survey revealed that the mean life was 35,000 mikes and the standard deviation was 7083 mikes. if the shape of the population distribution is known to be normal, approximately what percentage of the tires lasts less than 20834 miles ?
Suppose that the scores on a reading ability test are normally distributed with a mean of 60 and a standard deviation of 10. What proportion of individuals score less than 71 points on this test? Round your answer to at least four decimal places.
An English teacher has been teaching a sixth grade composition class for many years. He has the feeling that over the past several years, the writing ability of students has changed. A national test of proficiency in composition was administered 5 years ago. The resulting distribution of scores was normally shaped, had a mean of 85 and a standard deviation of 10.9. In order to test his feeling, he gives his present class of 43 students the same proficiency test. The resulting mean is 80 and the standard deviation is 8.7. a. What is the alternative hypothesis? b. What is the null hypothesis? c. What is your conclusion, using á = 0.052 tail? d. What type error may you be making because of your conclusion in part c?
An analyst found that the average amount of money in bank accounts at his/her bank is $2,000 with a standard deviation of $150. What would be the variance?
Andrew plans to retire in 40 years. He plans to invest part of his retirement funds in stocks, so he seeks out information on past returns. He learns that over the entire 20th century, the real (that is, adjusted for inflation) annual returns on U.S. common stocks had mean 8.7% and standard deviation 20.2%. The distribution of annual returns on common stocks is roughly symmetric, so the mean return over even a moderate number of years is close to Normal. What is the probability (assuming that past pattern of variation continues) that the mean annual return on common stocks over the next 40 years will exceed 10%? What is the probability that the mean return will be less than 5%?
Suppose the weights of 3-month-old babies are normally distributed—baby boys with a mean of 14.3 pounds and a standard deviation of 1.7, and baby girls with a mean of 12.7 pounds and a standard deviation of 1.7. What proportion of 3-month-old baby girls will weigh between 12 and 13 pounds? (Round your answer to four decimal places.)
The empirical rule states that the percentage of observations in a data set (provided that the data set has a bell-shaped and symmetric distribution) that fall within one standard deviation of their mean is approximately 75%. TRUE OR FALSE
When the correlation between x and y is –1.0, what will the standard deviation of errors be? Why is this?
Suppose the returns of a particular group of mutual funds are normally distributed with a mean of 9.5% and a standard deviation of 5.1%. If the manager of a particular fund wants to be sure that his fund is NOT in the bottom 25% of funds with the lowest return, what return must his fund have? (please round your answer to 2 decimal places)
A psychologist is studying the self image of smokers, as measured by the self-image (SI) score from a personality inventory. She would like to examine the mean SI score, µ, for the population of all smokers. Previously published studies have indicated that the mean SI score for the population of all smokers is 80 and that the standard deviation is 15, but the psychologist has good reason to believe that the value for the mean has changed. She plans to perform a statistical test. She takes a random sample of SI scores for smokers and computes the sample mean to be 88. Based on this information, complete the parts below. (a) What are the null hypothesis H. and the alternative hypothesis H₁ that should be used for the test? Ho : H₁ :0 (b) Suppose that the psychologist decides not to reject the null hypothesis. What sort of error might she be making? Type I Suppose the true mean SI score for all smokers is 80. Fill in the blanks to describe a Type I error. the hypothesis that u is (Choose…

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS