Concept explainers
(a)
To explain how much more do coached student gain on average compared to un-coached students and construct and interpret a
(a)

Answer to Problem 102E
We are
Explanation of Solution
It is given:
Since all the three conditions: Random, Independent and Normal conditions are satisfied then it is appropriate to conduct the hypothesis test.
The degree of freedom will be as:
We will check the
The confidence interval is:
Thus we conclude that we are
(b)
To explain does the interval in part (a) gives the convincing evidence that the coached students gain more on average than un-coached students or not.
(b)

Answer to Problem 102E
There is convincing evidence that the coached students gain more on average than un-coached students.
Explanation of Solution
It is given:
Since all the three conditions: Random, Independent and Normal conditions are satisfied then it is appropriate to conduct the hypothesis test.
The given claim is: mean difference is positive. So, the claim is either null hypothesis or alternative hypothesis. That is,
The test statistics value will be:
The degree of freedom will be as:
We will check the
If the P -values is less than the significance level we reject the null hypothesis, then we have,
Thus, we conclude that there is convincing evidence that the coached students gain more on average than un-coached students.
(c)
To explain what is your opinion: do you think coaching courses are worth paying for.
(c)

Answer to Problem 102E
No.
Explanation of Solution
In the part (a), we have that,
The confidence interval lies very close to zero and thus there does not seem to be a large gain for the coaching. Then coaching courses do not seem worth paying for. Thus, this our opinion as it depends on how well the coaching course explain the subjects to their students.
Chapter 10 Solutions
PRACTICE OF STATISTICS F/AP EXAM
Additional Math Textbook Solutions
College Algebra (7th Edition)
Thinking Mathematically (6th Edition)
Algebra and Trigonometry (6th Edition)
A Problem Solving Approach To Mathematics For Elementary School Teachers (13th Edition)
Elementary Statistics
College Algebra with Modeling & Visualization (5th Edition)
- Note: The purpose of this problem below is to use computational techniques (Excelspreadsheet, Matlab, R, Python, etc.) and code the dynamic programming ideas seen inclass. Please provide the numerical answer to the questions as well as a sample of yourwork (spreadsheet, code file, etc.).We consider an N-period binomial model with the following properties: N = 60, thecurrent stock price is S0 = 1000; on each period, the stock price increases by 0.5% whenit moves up and decreases by 0.3% when it moves down. The annual interest rate on themoney market is 5%. (Notice that this model is a CRR model, which means that thebinomial tree is recombining.)(a) Find the price at time t0 = 0 of a (European) call option with strike price K = 1040and maturity T = 1 year.(b) Find the price at time t0 = 0 of a (European) put option with strike price K = 1040and maturity T = 1 year.(c) We consider now, that you are at time t5 (i.e. after 5 periods, which represents 1month later). Assume that the stock…arrow_forwardshow work in paperarrow_forwardshow all work (...or what you entered into your calculator...)arrow_forward
- answerarrow_forwardQuestion 2 The data below provides the battery life of thirty eight (38) motorcycle batteries. 100 83 83 105 110 81 114 99 101 105 78 115 74 96 106 89 94 81 106 91 93 86 79 103 94 108 113 100 117 120 77 93 93 85 76 89 78 88 680 a. Test the hypothesis that mean battery life is greater than 90. Use the 1% level of significance. b. Determine if the mean battery life is different from 80. Use the 10% level of significance. Show all steps for the hypothesis test c. Would your conlcusion in part (b) change at the 5% level of significance? | d. Confirm test results in part (b) using JASP. Note: All JASP input files and output tables should be providedarrow_forwardSuppose that 80% of athletes at a certain college graduate. You randomly select eight athletes. What’s the chance that at most 7 of them graduate?arrow_forward
- Suppose that you flip a fair coin four times. What’s the chance of getting at least one head?arrow_forwardSuppose that the chance that an elementary student eats hot lunch is 30 percent. What’s the chance that, among 20 randomly selected students, between 6 and 8 students eat hot lunch (inclusive)?arrow_forwardBob’s commuting times to work are varied. He makes it to work on time 80 percent of the time. On 12 randomly selected trips to work, what’s the chance that Bob makes it on time at least 10 times?arrow_forward
- Your chance of winning a small prize in a scratch-off ticket is 10 percent. You buy five tickets. What’s the chance you will win at least one prize?arrow_forwardSuppose that 60 percent of families own a pet. You randomly sample four families. What is the chance that two or three of them own a pet?arrow_forwardIf 40 percent of university students purchase their textbooks online, in a random sample of five students, what’s the chance that exactly one of them purchased their textbooks online?arrow_forward
- 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





