Introductory Statistics
3rd Edition
ISBN: 9780135188927
Author: Gould, Robert, Ryan, Colleen N. (colleen Nooter)
Publisher: Pearson,
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Chapter 10, Problem 30SE
To determine
Determine whether a test of homogeneity or a test of independence can be used to test the association between the different treatment group and the glucose level.
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1 No.
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Binomial Prob.
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Answer
5
6 4
7
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10
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2
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0.7
0.233
0.3
0.132
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0.6
0.290
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0.02
0.053
150
1000
0.15
0.035
8
7
10
0.7
0.383
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9
3
5
0.3
0.132
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7
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0.290
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Poisson Probability
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lambda
Answer
18 4
19
20
21
22
23 9
15
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0.180
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step by step on Microssoft on how to put this in excel and the answers please
Find binomial probability if:
x = 8, n = 10, p = 0.7
x= 3, n=5, p = 0.3
x = 4, n=7, p = 0.6
Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems)
Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150)
Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7,…
Kate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). What is an example of fair division of the cake
S1
S2
S3
S4
Kate
$4.00
$6.00
$6.00
$4.00
Luke
$5.30
$5.00
$5.25
$5.45
Mary
$4.25
$4.50
$3.50
$3.75
Nancy
$6.00
$4.00
$4.00
$6.00
Chapter 10 Solutions
Introductory Statistics
Ch. 10 - Tests a. In Chapter 8, you learned some tests of...Ch. 10 - In Chapter 9, you learned some tests of means. Are...Ch. 10 - Crime and Gender A statistics student conducted a...Ch. 10 - Red Cars and Stop Signs The table shows the raw...Ch. 10 - The table summarizes the outcomes of a study that...Ch. 10 - Finger Length There is a theory that relative...Ch. 10 - Student Loans-California According to a 2017...Ch. 10 - Student Loans-Illinois According to a 2017 report,...Ch. 10 - Breakfast Habits (Example 1 2) In a 2015 study by...Ch. 10 - Fast Food Habits In the study referenced in...
Ch. 10 - Mummies with Heart Disease According to the...Ch. 10 - Texting While Driving According to the 2015 High...Ch. 10 - Violins Stradivarius violins, made in the 1700s by...Ch. 10 - Coin Flips You flip a coin 100 times and get 58...Ch. 10 - Prob. 15SECh. 10 - Prob. 16SECh. 10 - Are Humans Like Random Number Generators? (Example...Ch. 10 - Is the Random Number Table Really Random? We...Ch. 10 - Coin Spins A penny was spun on a hard, flat...Ch. 10 - Internet Usage In 2018 Pew Research reported that...Ch. 10 - Dreidel Spinning When playing Dreidel, (see photo)...Ch. 10 - Plastic Dreidel See exercise 10.21 for an...Ch. 10 - Is the Six-Sided Die Fair? The table shows the...Ch. 10 - Is the Six-Sided Die Fair? Repeat the chi-square...Ch. 10 - Violins Professional musicians listened to five...Ch. 10 - Mummies with Heart Disease Exercise 10.11 on...Ch. 10 - Party and Right Direction (Example 4) Suppose a...Ch. 10 - Antibiotic or Placebo A large number of surgery...Ch. 10 - Relevant Education (Example 5) A 2018 Gallup poll...Ch. 10 - Prob. 30SECh. 10 - Fitness The table shows the percentage of all men...Ch. 10 - Food Security The table shows the percentage of...Ch. 10 - Fitness App Use and Gender (Example 6) In a 2015...Ch. 10 - Diet App Use and Gender In the study referenced in...Ch. 10 - HPV Vaccination Rates A vaccine is available to...Ch. 10 - HPV Vaccine Literacy Rates In the study described...Ch. 10 - Gender and Happiness of Marriage The table shows...Ch. 10 - Is Smiling Independent of Age? Randomly chosen...Ch. 10 - Preschool Attendance and High School Graduation...Ch. 10 - Preschool Attendance and High School Graduation...Ch. 10 - Preschool Attendance and High School Graduation...Ch. 10 - Prob. 42SECh. 10 - Prob. 43SECh. 10 - Marijuana Legalization The 2018 Pew Research poll...Ch. 10 - Brain Bleed Treatment In a 2018 article published...Ch. 10 - Multiple Sclerosis Treatment In a 2018 article...Ch. 10 - Prob. 47SECh. 10 - Political Party Affiliation and Generation A 2018...Ch. 10 - Prob. 49SECh. 10 - Night Shifts A random sample of nurses working...Ch. 10 - Gender and Political Party Affiliation The data in...Ch. 10 - Children and Happiness The data in the table come...Ch. 10 - Prob. 53SECh. 10 - Nice Rats Rats had a choice of freeing another rat...Ch. 10 - Peanut Allergies In a 2015 study reported in the...Ch. 10 - Peanut Allergies In the study described in...Ch. 10 - Prob. 57CRECh. 10 - In exercises 10.57 to 10.64, choose an appropriate...Ch. 10 - Prob. 59CRECh. 10 - Prob. 60CRECh. 10 - Prob. 61CRECh. 10 - In exercises 10.57 to 10.64, choose an appropriate...Ch. 10 - Prob. 63CRECh. 10 - In exercises 10.57 to 10.64, choose an appropriate...Ch. 10 - Perry Preschool Arrests The Perry Preschool...Ch. 10 - Parental Training and Criminal Behavior of...Ch. 10 - Prob. 67CRECh. 10 - Prob. 68CRECh. 10 - Harassment in the Workplace An 2017 NPR/Marist...Ch. 10 - Prob. 70CRECh. 10 - Robot Cockroaches Cockroaches tend to rest in...Ch. 10 - Robot Cockroaches Refer to the description in...Ch. 10 - Prob. 73CRECh. 10 - Conviction Rate with Opposite Race Here are the...
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- Faye cuts the sandwich in two fair shares to her. What is the first half s1arrow_forwardQuestion 2. An American option on a stock has payoff given by F = f(St) when it is exercised at time t. We know that the function f is convex. A person claims that because of convexity, it is optimal to exercise at expiration T. Do you agree with them?arrow_forwardQuestion 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR model? (Explain your answer.)arrow_forward
- Question 3. We want to price a put option with strike price K and expiration T. Two financial advisors estimate the parameters with two different statistical methods: they obtain the same return rate μ, the same volatility σ, but the first advisor has interest r₁ and the second advisor has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to price the option. Which advisor will get the larger price? (Explain your answer.)arrow_forwardQuestion 5. We consider a put option with strike price K and expiration T. This option is priced using a 1-period CRR model. We consider r > 0, and σ > 0 very large. What is the approximate price of the option? In other words, what is the limit of the price of the option as σ∞. (Briefly justify your answer.)arrow_forwardQuestion 6. You collect daily data for the stock of a company Z over the past 4 months (i.e. 80 days) and calculate the log-returns (yk)/(-1. You want to build a CRR model for the evolution of the stock. The expected value and standard deviation of the log-returns are y = 0.06 and Sy 0.1. The money market interest rate is r = 0.04. Determine the risk-neutral probability of the model.arrow_forward
- Several markets (Japan, Switzerland) introduced negative interest rates on their money market. In this problem, we will consider an annual interest rate r < 0. We consider a stock modeled by an N-period CRR model where each period is 1 year (At = 1) and the up and down factors are u and d. (a) We consider an American put option with strike price K and expiration T. Prove that if <0, the optimal strategy is to wait until expiration T to exercise.arrow_forwardWe consider an N-period CRR model where each period is 1 year (At = 1), the up factor is u = 0.1, the down factor is d = e−0.3 and r = 0. We remind you that in the CRR model, the stock price at time tn is modeled (under P) by Sta = So exp (μtn + σ√AtZn), where (Zn) is a simple symmetric random walk. (a) Find the parameters μ and σ for the CRR model described above. (b) Find P Ste So 55/50 € > 1). StN (c) Find lim P 804-N (d) Determine q. (You can use e- 1 x.) Ste (e) Find Q So (f) Find lim Q 004-N StN Soarrow_forwardIn this problem, we consider a 3-period stock market model with evolution given in Fig. 1 below. Each period corresponds to one year. The interest rate is r = 0%. 16 22 28 12 16 12 8 4 2 time Figure 1: Stock evolution for Problem 1. (a) A colleague notices that in the model above, a movement up-down leads to the same value as a movement down-up. He concludes that the model is a CRR model. Is your colleague correct? (Explain your answer.) (b) We consider a European put with strike price K = 10 and expiration T = 3 years. Find the price of this option at time 0. Provide the replicating portfolio for the first period. (c) In addition to the call above, we also consider a European call with strike price K = 10 and expiration T = 3 years. Which one has the highest price? (It is not necessary to provide the price of the call.) (d) We now assume a yearly interest rate r = 25%. We consider a Bermudan put option with strike price K = 10. It works like a standard put, but you can exercise it…arrow_forward
- In this problem, we consider a 2-period stock market model with evolution given in Fig. 1 below. Each period corresponds to one year (At = 1). The yearly interest rate is r = 1/3 = 33%. This model is a CRR model. 25 15 9 10 6 4 time Figure 1: Stock evolution for Problem 1. (a) Find the values of up and down factors u and d, and the risk-neutral probability q. (b) We consider a European put with strike price K the price of this option at time 0. == 16 and expiration T = 2 years. Find (c) Provide the number of shares of stock that the replicating portfolio contains at each pos- sible position. (d) You find this option available on the market for $2. What do you do? (Short answer.) (e) We consider an American put with strike price K = 16 and expiration T = 2 years. Find the price of this option at time 0 and describe the optimal exercising strategy. (f) We consider an American call with strike price K ○ = 16 and expiration T = 2 years. Find the price of this option at time 0 and describe…arrow_forward2.2, 13.2-13.3) question: 5 point(s) possible ubmit test The accompanying table contains the data for the amounts (in oz) in cans of a certain soda. The cans are labeled to indicate that the contents are 20 oz of soda. Use the sign test and 0.05 significance level to test the claim that cans of this soda are filled so that the median amount is 20 oz. If the median is not 20 oz, are consumers being cheated? Click the icon to view the data. What are the null and alternative hypotheses? OA. Ho: Medi More Info H₁: Medi OC. Ho: Medi H₁: Medi Volume (in ounces) 20.3 20.1 20.4 Find the test stat 20.1 20.5 20.1 20.1 19.9 20.1 Test statistic = 20.2 20.3 20.3 20.1 20.4 20.5 Find the P-value 19.7 20.2 20.4 20.1 20.2 20.2 P-value= (R 19.9 20.1 20.5 20.4 20.1 20.4 Determine the p 20.1 20.3 20.4 20.2 20.3 20.4 Since the P-valu 19.9 20.2 19.9 Print Done 20 oz 20 oz 20 oz 20 oz ce that the consumers are being cheated.arrow_forwardT Teenage obesity (O), and weekly fast-food meals (F), among some selected Mississippi teenagers are: Name Obesity (lbs) # of Fast-foods per week Josh 185 10 Karl 172 8 Terry 168 9 Kamie Andy 204 154 12 6 (a) Compute the variance of Obesity, s²o, and the variance of fast-food meals, s², of this data. [Must show full work]. (b) Compute the Correlation Coefficient between O and F. [Must show full work]. (c) Find the Coefficient of Determination between O and F. [Must show full work]. (d) Obtain the Regression equation of this data. [Must show full work]. (e) Interpret your answers in (b), (c), and (d). (Full explanations required). Edit View Insert Format Tools Tablearrow_forward
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