Introduction To Probability And Statistics
15th Edition
ISBN: 9781337554428
Author: Mendenhall, William.
Publisher: Cengage Learning,
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Textbook Question
Chapter 1.1, Problem 12E
Discrete or Continuous? Are the variables in Exercises 10−18 discrete or continuous?
12. Number of claims filed with an insurance company during a single day
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2 (VaR and ES) Suppose X1
are independent. Prove that
~
Unif[-0.5, 0.5] and X2
VaRa (X1X2) < VaRa(X1) + VaRa (X2).
~
Unif[-0.5, 0.5]
8 (Correlation and Diversification)
Assume we have two stocks, A and B, show that a particular combination
of the two stocks produce a risk-free portfolio when the correlation between
the return of A and B is -1.
9 (Portfolio allocation)
Suppose R₁ and R2 are returns of 2 assets and with expected return and
variance respectively r₁ and 72 and variance-covariance σ2, 0%½ and σ12. Find
−∞ ≤ w ≤ ∞ such that the portfolio wR₁ + (1 - w) R₂ has the smallest
risk.
Chapter 1 Solutions
Introduction To Probability And Statistics
Ch. 1.1 - Experimental UnitsDefine the experimental units...Ch. 1.1 - Experimental UnitsDefine the experimental units...Ch. 1.1 - Experimental UnitsDefine the experimental units...Ch. 1.1 - Experimental UnitsDefine the experimental units...Ch. 1.1 - Experimental UnitsDefine the experimental units...Ch. 1.1 - Qualitative or Quantitative? Are the variables in...Ch. 1.1 - Qualitative or Quantitative? Are the variables in...Ch. 1.1 - Qualitative or Quantitative? Are the variables in...Ch. 1.1 - Qualitative or Quantitative? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...
Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Discrete or Continuous? Are the variables in...Ch. 1.1 - Populations or Samples? In Exercises 1922,...Ch. 1.1 - Populations or Samples? In Exercises 1922,...Ch. 1.1 - Populations or Samples? In Exercises 1922,...Ch. 1.1 - Populations or Samples? In Exercises 1922,...Ch. 1.1 - Parking on Campus Six vehicles selected from a...Ch. 1.1 - Past U.S. Presidents A data set gives the ages at...Ch. 1.1 - Voter Attitudes You are a candidate for your state...Ch. 1.1 - Cancer Survival Times A researcher wants to...Ch. 1.1 - New Teaching Methods A researcher wants to know...Ch. 1.2 - Pie and Bar Charts The data in Exercises 13...Ch. 1.2 - Pie and Bar Charts The data in Exercises 13...Ch. 1.2 - Pie and Bar Charts The data in Exercises 13...Ch. 1.2 - Groups of People Fifty people are grouped into...Ch. 1.2 - Presidential Popularity After the elections of...Ch. 1.2 - Presidential Popularity After the elections of...Ch. 1.2 - Presidential Popularity After the elections of...Ch. 1.2 - Presidential Popularity After the elections of...Ch. 1.2 - Presidential Popularity After the elections of...Ch. 1.2 - Prob. 10ECh. 1.2 - Prob. 11ECh. 1.2 - Prob. 12ECh. 1.2 - Prob. 13ECh. 1.2 - Prob. 14ECh. 1.2 - Prob. 15ECh. 1.2 - Back to Work How long does it take you to adjust...Ch. 1.2 - Prob. 17ECh. 1.2 - Prob. 18ECh. 1.2 - Prob. 19ECh. 1.2 - Prob. 20ECh. 1.2 - Prob. 21ECh. 1.3 - DotplotsConstruct a dotplot for the data given in...Ch. 1.3 - DotplotsConstruct a dotplot for the data given in...Ch. 1.3 - Stem and Leaf I Construct a stem and leaf plot for...Ch. 1.3 - Stem and Leaf I Construct a stem and leaf plot for...Ch. 1.3 - Stem and Leaf I Construct a stem and leaf plot for...Ch. 1.3 - Stem and Leaf II Use the following set of data...Ch. 1.3 - Stem and Leaf II Use the following set of data...Ch. 1.3 - Prob. 8ECh. 1.3 - Prob. 9ECh. 1.3 - Comparing Graphs A discrete variable can take on...Ch. 1.3 - Prob. 11ECh. 1.3 - Prob. 12ECh. 1.3 - Prob. 13ECh. 1.3 - Prob. 14ECh. 1.3 - Prob. 15ECh. 1.3 - Prob. 16ECh. 1.3 - Prob. 17ECh. 1.3 - Calcium Contents The calcium content (Ca)of a...Ch. 1.3 - Prob. 19ECh. 1.3 - Prob. 20ECh. 1.3 - Prob. 21ECh. 1.3 - Prob. 22ECh. 1.3 - Prob. 23ECh. 1.3 - Prob. 24ECh. 1.3 - American Presidents The following table lists the...Ch. 1.4 - Graphing Relative Frequency Histograms Construct a...Ch. 1.4 - Graphing Relative Frequency Histograms Construct a...Ch. 1.4 - Interpreting Relative Frequency Histograms Use the...Ch. 1.4 - Interpreting Relative Frequency Histograms Use the...Ch. 1.4 - Interpreting Relative Frequency Histograms Use the...Ch. 1.4 - Interpreting Relative Frequency Histograms Use the...Ch. 1.4 - Interpreting Relative Frequency Histograms Use the...Ch. 1.4 - Interpreting Relative Frequency Histograms Use the...Ch. 1.4 - Class Boundaries In Exercises 912, use the...Ch. 1.4 - Class Boundaries In Exercises 912, use the...Ch. 1.4 - Prob. 11ECh. 1.4 - Prob. 12ECh. 1.4 - Prob. 13ECh. 1.4 - Prob. 14ECh. 1.4 - Relative Frequency Histogram I Construct a...Ch. 1.4 - Prob. 16ECh. 1.4 - Prob. 17ECh. 1.4 - Prob. 18ECh. 1.4 - Prob. 19ECh. 1.4 - Prob. 20ECh. 1.4 - Prob. 21ECh. 1.4 - Prob. 22ECh. 1.4 - Prob. 23ECh. 1.4 - Prob. 24ECh. 1.4 - A Recurring Illness The length of time (in months)...Ch. 1.4 - Prob. 26ECh. 1.4 - Prob. 27ECh. 1.4 - Prob. 28ECh. 1.4 - Prob. 29ECh. 1.4 - Prob. 30ECh. 1.4 - Prob. 31ECh. 1.4 - Student Heights The self-reported heights of 105...Ch. 1.4 - Prob. 33ECh. 1 - Quantitative or Qualitative? Identify each...Ch. 1 - Symmetric or Skewed? Do you expect the...Ch. 1 - Continuous or Discrete? Identify each variable as...Ch. 1 - Continuous or Discrete, again Identify each...Ch. 1 - World Lakes A lake is a body of water surrounded...Ch. 1 - Prob. 6RWYLCh. 1 - Election Results The 2016 election was a race in...Ch. 1 - Prob. 8RWYLCh. 1 - Prob. 9RWYLCh. 1 - Pulse Rates A group of 50 biomedical students...Ch. 1 - Prob. 11RWYLCh. 1 - Prob. 12RWYLCh. 1 - Gasoline Tax The following are the 2017 state...Ch. 1 - Prob. 14RWYLCh. 1 - Prob. 15RWYLCh. 1 - Prob. 16RWYLCh. 1 - Kentucky Derby The following data set shows the...Ch. 1 - Prob. 18RWYLCh. 1 - Old Faithful The following data are the waiting...Ch. 1 - Prob. 20RWYLCh. 1 - Prob. 1CSCh. 1 - Prob. 2CS
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- 7 (Multivariate random variable) Suppose X, €1, €2, €3 are IID N(0, 1) and Y2 Y₁ = 0.2 0.8X + €1, Y₂ = 0.3 +0.7X+ €2, Y3 = 0.2 + 0.9X + €3. = (In models like this, X is called the common factors of Y₁, Y₂, Y3.) Y = (Y1, Y2, Y3). (a) Find E(Y) and cov(Y). (b) What can you observe from cov(Y). Writearrow_forward1 (VaR and ES) Suppose X ~ f(x) with 1+x, if 0> x > −1 f(x) = 1−x if 1 x > 0 Find VaRo.05 (X) and ES0.05 (X).arrow_forwardJoy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forward
- Solve for X. Explain each step. 2^2x • 2^-4=8arrow_forwardOne hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forwardneed help with part barrow_forward
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