EBK ESSENTIALS OF STATISTICS FOR BUSINE
8th Edition
ISBN: 8220103648783
Author: Anderson
Publisher: CENGAGE L
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Chapter 1, Problem 15SE
Every year, the U.S. Coast Guard collects data and compiles statistics on reported recreational boating accidents. These statistics are derived from accident reports that are filed by the owners/operators of recreational vessels involved in accidents. In 2009, 4730 recreational boating accident reports were filed. Figure 1.8 provides a bar chart summarizing the number of accident reports that were filed each month (U.S. Coast Guard’s Boating Safety Division website, August 2010).
- a. Are the data categorical or quantitative?
- b. Are the data time series or cross-sectional?
- c. In what month were the most accident reports filed? Approximately how many?
- d. There were 61 accident reports filed in January and 76 accident reports filed in December. What percentage of the total number of accident reports for the year were filed in these two months? Does this seem reasonable?
- e. Comment on the overall shape of the bar graph.
FIGURE 1.8 NUMBER OF RECREATIONAL BOATING ACCIDENTS
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We consider the one-period model studied in class as an example. Namely, we assumethat the current stock price is S0 = 10. At time T, the stock has either moved up toSt = 12 (with probability p = 0.6) or down towards St = 8 (with probability 1−p = 0.4).We consider a call option on this stock with maturity T and strike price K = 10. Theinterest rate on the money market is zero.As in class, we assume that you, as a customer, are willing to buy the call option on100 shares of stock for $120. The investor, who sold you the option, can adopt one of thefollowing strategies: Strategy 1: (seen in class) Buy 50 shares of stock and borrow $380. Strategy 2: Buy 55 shares of stock and borrow $430. Strategy 3: Buy 60 shares of stock and borrow $480. Strategy 4: Buy 40 shares of stock and borrow $280.(a) For each of strategies 2-4, describe the value of the investor’s portfolio at time 0,and at time T for each possible movement of the stock.(b) For each of strategies 2-4, does the investor have…
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Chapter 1 Solutions
EBK ESSENTIALS OF STATISTICS FOR BUSINE
Ch. 1 - Discuss the differences between statistics as...Ch. 1 - Tablet PC Comparison provides a wide variety of...Ch. 1 - Refer to Table 1.6.
What is the average cost for...Ch. 1 - Table 1.7 shows data for eight cordless telephones...Ch. 1 - 5. Refer to the data set in Table 1.7.
What is the...Ch. 1 - J.D. Power and Associates surveys new automobile...Ch. 1 - The Kroger Company is one of the largest grocery...Ch. 1 - The Tennessean, an online newspaper located in...Ch. 1 - Prob. 9SECh. 1 - The Bureau of Transportation Statistics Omnibus...
Ch. 1 - Prob. 11SECh. 1 - The Hawaii Visitors Bureau collects data on...Ch. 1 - 13. Figure 1.7 provides a bar chart showing the...Ch. 1 - Rental Car Fleet Size. The following data show the...Ch. 1 - 15. Every year, the U.S. Coast Guard collects data...Ch. 1 - A manager of a large corporation recommends a...Ch. 1 - A random telephone survey of 1021 adults (aged 18...Ch. 1 - A Bloomberg Businessweek North American subscriber...Ch. 1 - A survey of 131 investment managers in Barron’s...Ch. 1 - A seven-year medical research study reported that...Ch. 1 - A survey conducted by Better Homes and Gardens...Ch. 1 - 23. Pew Research Center is a nonpartisan polling...Ch. 1 - A sample of midterm grades for five students...Ch. 1 - 25. Table 1.8 shows a data set containing...
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