
MyLab Statistics with Pearson eText -- Standalone Access Card -- for Fundamentals of Statistics
5th Edition
ISBN: 9780134743295
Author: Michael III Sullivan
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 10.1, Problem 34AYU
To determine
To state: The conclusion based on the results of the test.
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
1 No.
2
3
4
Binomial Prob.
X
n
P
Answer
5
6 4
7
8
9
10
12345678
8
3
4
2
2552
10
0.7
0.233
0.3
0.132
7
0.6
0.290
20
0.02
0.053
150
1000
0.15
0.035
8
7
10
0.7
0.383
11
9
3
5
0.3
0.132
12
10
4
7
0.6
0.290
13
Poisson Probability
14
X
lambda
Answer
18 4
19
20
21
22
23 9
15
16
17 3
1234567829
3
2
0.180
2
1.5
0.251
12
10
0.095
5
3
0.101
7
4
0.060
3
2
0.180
2
1.5
0.251
24 10
12
10
0.095
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
MyLab Statistics with Pearson eText -- Standalone Access Card -- for Fundamentals of Statistics
Ch. 10.1 - A _____ is a statement regarding a characteristic...Ch. 10.1 - _____ _____ is a procedure, based on sample...Ch. 10.1 - The _____ _____ is a statement of no change, no...Ch. 10.1 - The _____ _____ is a statement we are trying to...Ch. 10.1 - If we reject the null hypothesis when the...Ch. 10.1 - If we do not reject the null hypothesis when the...Ch. 10.1 - The _____ _____ _____ is the probability of making...Ch. 10.1 - True or False: Sample evidence can prove a null...Ch. 10.1 - In Problems 914, the null and alternative...Ch. 10.1 - In Problems 914, the null and alternative...
Ch. 10.1 - In Problems 914, the null and alternative...Ch. 10.1 - In Problems 914, the null and alternative...Ch. 10.1 - In Problems 914, the null and alternative...Ch. 10.1 - In Problems 914, the null and alternative...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 1522, (a) determine the null and...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - In Problems 2334, state the conclusion based on...Ch. 10.1 - Prob. 33AYUCh. 10.1 - Prob. 34AYUCh. 10.1 - Quality Control A can of soda is labeled as...Ch. 10.1 - Popcorn Consumption According to popcorn.org, the...Ch. 10.1 - E-Cigs According to the Centers for Disease...Ch. 10.1 - Migraines According to the Centers for Disease...Ch. 10.1 - Prob. 39AYUCh. 10.1 - Refer to Problem 18. Researchers must choose the...Ch. 10.1 - Retirement Savings Designed by Bill Bengen, the 4...Ch. 10.1 - If the consequences of making a Type I error are...Ch. 10.1 - What happens to the probability of making a Type...Ch. 10.2 - When observed results are unlikely under the...Ch. 10.2 - True or False: When testing a hypothesis using the...Ch. 10.2 - True or False: When testing a hypothesis using the...Ch. 10.2 - Determine the critical value for a right-tailed...Ch. 10.2 - Determine the critical value for a left-tailed...Ch. 10.2 - Determine the critical value for a two-tailed test...Ch. 10.2 - In Problems 712, test the hypothesis using (a) the...Ch. 10.2 - In Problems 712, test the hypothesis using (a) the...Ch. 10.2 - In Problems 712, test the hypothesis using (a) the...Ch. 10.2 - Prob. 10AYUCh. 10.2 - In Problems 712, test the hypothesis using (a) the...Ch. 10.2 - In Problems 712, test the hypothesis using (a) the...Ch. 10.2 - You Explain It! Stock Analyst Throwing darts at...Ch. 10.2 - Prob. 14AYUCh. 10.2 - Applying the Concepts 15. Cramer Correct Less Than...Ch. 10.2 - Political Pundits In his book, The Signal and the...Ch. 10.2 - NW Lipitor The drug Lipitor is meant to reduce...Ch. 10.2 - Nexium Nexium is a drug that can be used to reduce...Ch. 10.2 - Fatal Traffic Accidents According to the National...Ch. 10.2 - Eating Together In December 2001, 38% of adults...Ch. 10.2 - NW Taught Enough Math In 1994, 52% of parents with...Ch. 10.2 - Living Alone? In 2000, 58% of females aged 15 and...Ch. 10.2 - Prob. 23AYUCh. 10.2 - Prob. 24AYUCh. 10.2 - Accuracy of the Drive Thru According to QSR...Ch. 10.2 - Prob. 26AYUCh. 10.2 - NW Small-Sample Hypothesis Test Professors Honey...Ch. 10.2 - Small-Sample Hypothesis Test In 1997, 4% of...Ch. 10.2 - Statistics in the Media A headline read, More Than...Ch. 10.2 - Prob. 31AYUCh. 10.2 - Political Philosophy According to Gallup, 21% of...Ch. 10.2 - Prob. 33AYUCh. 10.2 - Accept versus Do Not Reject In the United States,...Ch. 10.2 - Prob. 35AYUCh. 10.2 - Putting It Together: Lupus Based on historical...Ch. 10.2 - Putting It Together: Naughty or Nice? Yale...Ch. 10.2 - Explaining the Concepts 40. Explain what a P-value...Ch. 10.2 - Prob. 41AYUCh. 10.2 - Suppose we are testing the hypothesis Ho : p =...Ch. 10.2 - Discuss the advantages and disadvantages of using...Ch. 10.2 - The headline reporting the results of a poll...Ch. 10.2 - Explain what statistical significance means.Ch. 10.3 - a. Determine the critical value for a right-tailed...Ch. 10.3 - a. Determine the critical value for a right-tailed...Ch. 10.3 - To test H0 : = 50 versus H1 : 50, a simple...Ch. 10.3 - Prob. 4AYUCh. 10.3 - To test H0 : = 100 versus H1 : 100, a simple...Ch. 10.3 - Prob. 6AYUCh. 10.3 - Prob. 7AYUCh. 10.3 - To test H0 : = 4.5 versus H1 : 4.5, a simple...Ch. 10.3 - To test H0 : = 105 versus H1 : 105, a simple...Ch. 10.3 - To test H0 : = 45 versus H1 : 45, a simple...Ch. 10.3 - You Explain It! ATM Withdrawals According to the...Ch. 10.3 - You Explain It! Are Women Getting Taller? In 1990,...Ch. 10.3 - NW Ready for College? The ACT is a college...Ch. 10.3 - SAT Verbal Scores Do students who learned English...Ch. 10.3 - Effects of Alcohol on the Brain In a study...Ch. 10.3 - Effects of Plastic Resin Para-nonylphenol is found...Ch. 10.3 - Credit Scores A Fair Isaac Corporation (FICO)...Ch. 10.3 - TVaholics According to the American Time Use...Ch. 10.3 - Age of Death-Row Inmates In 2002, the mean age of...Ch. 10.3 - Energy Consumption In 2001, the mean household...Ch. 10.3 - NW Waiting in Line The mean waiting time at the...Ch. 10.3 - Reading Rates Michael Sullivan, son of the author,...Ch. 10.3 - Prob. 23AYUCh. 10.3 - Filling Bottles A certain brand of apple juice is...Ch. 10.3 - Starbucks Stock The volume of a stock is the...Ch. 10.3 - Study Time Go to...Ch. 10.3 - Prob. 27AYUCh. 10.3 - Prob. 28AYUCh. 10.3 - Problem 25 25. Starbucks Stock The volume of a...Ch. 10.3 - Problem 26 24. Filling Bottles A certain brand of...Ch. 10.3 - Statistical Significance versus Practical...Ch. 10.3 - Statistical Significance versus Practical...Ch. 10.3 - Accept versus Do Not Reject The mean IQ score of...Ch. 10.3 - Reading at Bedtime It is well-documented that...Ch. 10.3 - Whats the Problem? The head of institutional...Ch. 10.3 - Prob. 38AYUCh. 10.3 - Prob. 39AYUCh. 10.4 - Prob. 1AYUCh. 10.4 - A simple random sample of size n = 200 individuals...Ch. 10.4 - Prob. 3AYUCh. 10.4 - Prob. 4AYUCh. 10.4 - Prob. 5AYUCh. 10.4 - Prob. 6AYUCh. 10.4 - Prob. 7AYUCh. 10.4 - The Atomic Bomb In October 1945, the Gallup...Ch. 10.4 - Course Redesign Pass rates for Intermediate...Ch. 10.4 - Number of Credit Cards According to the Federal...Ch. 10.4 - Prob. 11AYUCh. 10.4 - Prob. 12AYUCh. 10.4 - Prob. 13AYUCh. 10.4 - Prob. 14AYUCh. 10.4 - Prob. 15AYUCh. 10.4 - Prob. 16AYUCh. 10.4 - Prob. 17AYUCh. 10.4 - Confidence Intervals Suppose you wish to determine...Ch. 10.4 - Prob. 19AYUCh. 10.4 - In Problems 1925, decide whether the problem...Ch. 10.4 - In Problems 1925, decide whether the problem...Ch. 10.4 - In Problems 1925, decide whether the problem...Ch. 10.4 - Prob. 23AYUCh. 10.4 - Prob. 24AYUCh. 10.4 - Prob. 25AYUCh. 10 - For Problems 1 and 2, (a) determine the null and...Ch. 10 - Prob. 2RECh. 10 - Prob. 3RECh. 10 - Prob. 4RECh. 10 - Prob. 5RECh. 10 - To test H0 : = 50 versus H1 : 50, a simple...Ch. 10 - In Problems 7 and 8, test the hypothesis at the =...Ch. 10 - In Problems 7 and 8, test the hypothesis at the =...Ch. 10 - Prob. 9RECh. 10 - Emergency Room The proportion of patients who...Ch. 10 - Linear Rotary Bearing A linear rotary bearing is...Ch. 10 - Prob. 12RECh. 10 - Conforming Golf Balls The U.S. Golf Association...Ch. 10 - Studying Enough? College mathematics instructors...Ch. 10 - Prob. 15RECh. 10 - Prob. 16RECh. 10 - Prob. 17RECh. 10 - Prob. 18RECh. 10 - Explain the difference between accepting and not...Ch. 10 - Prob. 20RECh. 10 - Prob. 21RECh. 10 - Prob. 22RECh. 10 - Prob. 1CTCh. 10 - The trade magazine QSR routinely examines...Ch. 10 - Did you get your 8 hours of sleep last night? is a...Ch. 10 - The outside diameter of a manufactured part must...Ch. 10 - Prob. 5CTCh. 10 - Prob. 6CTCh. 10 - Prob. 7CTCh. 10 - CASE STUDY How Old Is Stonehenge? Approximately...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- 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
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman

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
Type I and II Errors, Power, Effect Size, Significance and Power Analysis in Quantitative Research; Author: NurseKillam;https://www.youtube.com/watch?v=OWn3Ko1WYTA;License: Standard YouTube License, CC-BY