Statistics, Books a la Carte Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (4th Edition)
4th Edition
ISBN: 9780134435855
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 11.2, Problem 23PB
Checking a roulette wheel Karl Pearson devised the chi-squared goodness-of-fit test partly to analyze data from an experiment to analyze whether a particular roulette wheel in Monte Carlo was fair, in the sense that each outcome was equally likely in a spin of the wheel. For a given European roulette wheel with 37 pockets (with numbers 0. 1.2, ..., 36), consider the null hypothesis that the wheel is fair.
- a. For the null hypothesis, what is the
probability for each pocket? - b. For an experiment with 3, 700 spins of the roulette wheel, find the expected number of times each pocket is selected.
- c. In the experiment, the 0 pocket occurred 110 times. Show the contribution to the X2 statistic of the results for this pocket.
- d. Comparing the observed and expected counts for all 37 pockets, we get X2 = 34.4 Specify the df value and indicate whether there is strong evidence that the roulette wheel is not balanced. (Hint: Recall that the df value is the mean of the distribution.)
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Problem 1.We consider a two-period binomial model with the following properties: each period lastsone (1) year and the current stock price is S0 = 4. On each period, the stock price doubleswhen it moves up and is reduced by half when it moves down. The annual interest rateon the money market is 25%.
We consider four options on this market: A European call option with maturity T = 2 years and strike price K = 5; A European put option with maturity T = 2 years and strike price K = 5; An American call option with maturity T = 2 years and strike price K = 5; An American put option with maturity T = 2 years and strike price K = 5.(a) Find the price at time 0 of both European options.(b) Find the price at time 0 of both American options. Compare your results with (a)and comment.(c) For each of the American options, describe the optimal exercising strategy.(d) We assume that you sell the American put to a market participant A for the pricefound in (b). Explain how you act on the market…
What is the standard scores associated to the left of z is 0.1446
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…
Chapter 11 Solutions
Statistics, Books a la Carte Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (4th Edition)
Ch. 11.1 - Gender gap in politics? In the United States, is...Ch. 11.1 - Prob. 2PBCh. 11.1 - Williams College admission Data from 2013 posted...Ch. 11.1 - Prob. 4PBCh. 11.1 - Marital happiness and income In the GSS, subjects...Ch. 11.1 - What is independent of happiness? Which one of the...Ch. 11.1 - Sample evidence about independence Refer to the...Ch. 11.2 - Life after death and gender In the 2012 GSS, 605...Ch. 11.2 - Happiness and gender For the 2 3 table on gender...Ch. 11.2 - Prob. 10PB
Ch. 11.2 - Marital happiness and income In Exercise 11.5 when...Ch. 11.2 - First and second free throw independent? In pro...Ch. 11.2 - Cigarettes and marijuana The table on the...Ch. 11.2 - Prob. 14PBCh. 11.2 - Help the environment In 2010 the GSS asked whether...Ch. 11.2 - Prob. 16PBCh. 11.2 - Aspirin and heart attacks A Swedish study used...Ch. 11.2 - z test for heart attack study Refer to the...Ch. 11.2 - Severity of fever after flu shot The study...Ch. 11.2 - Prob. 20PBCh. 11.2 - Testing a genetic theory In an experiment on...Ch. 11.2 - Birthdays by quarters Based on a random sample of...Ch. 11.2 - Checking a roulette wheel Karl Pearson devised the...Ch. 11.3 - Democrat, race, and gender The two tables show...Ch. 11.3 - Death penalty associations Table 11.10, summarized...Ch. 11.3 - Smoking and alcohol The table refers to a survey...Ch. 11.3 - Sex of victim and offender For murders in the...Ch. 11.3 - Smelling and mortality A recent study (Pinto et...Ch. 11.3 - Vioxx In September 2004, the pharmaceutical...Ch. 11.3 - Egg and cell derived vaccine When comparing the...Ch. 11.3 - Risk of dying for teenagers According to...Ch. 11.3 - Marital happiness The table shows 2012 GSS data on...Ch. 11.3 - Party ID and gender The table shows the 2012 GSS...Ch. 11.3 - Chi-squared versus measuring association For the...Ch. 11.4 - Standardized residuals for happiness and income...Ch. 11.4 - Prob. 36PBCh. 11.4 - Prob. 37PBCh. 11.4 - Prob. 38PBCh. 11.4 - Prob. 39PBCh. 11.4 - Prob. 40PBCh. 11.5 - Keeping old dogs mentally sharp In an experiment...Ch. 11.5 - Prob. 43PBCh. 11.5 - Prob. 44PBCh. 11.5 - Prob. 46PBCh. 11 - Female for president? When recent General Social...Ch. 11 - Prob. 48CPCh. 11 - Down and chi-squared For the data in the previous...Ch. 11 - Prob. 50CPCh. 11 - Prob. 51CPCh. 11 - Prob. 52CPCh. 11 - Prob. 53CPCh. 11 - Prob. 54CPCh. 11 - Prob. 55CPCh. 11 - Prob. 56CPCh. 11 - Seat belt helps? The table refers to passengers in...Ch. 11 - Prob. 58CPCh. 11 - Prob. 59CPCh. 11 - Prob. 60CPCh. 11 - Prob. 61CPCh. 11 - Prob. 62CPCh. 11 - Prob. 63CPCh. 11 - Prob. 64CPCh. 11 - Clarity of diamonds Does the clarity of a diamond...Ch. 11 - Benfords Law When looking at a collection of...Ch. 11 - Prob. 67CPCh. 11 - Prob. 68CPCh. 11 - Prob. 70CPCh. 11 - Prob. 71CPCh. 11 - Prob. 72CPCh. 11 - Prob. 73CPCh. 11 - Prob. 74CPCh. 11 - Prob. 75CPCh. 11 - Prob. 76CPCh. 11 - Prob. 77CPCh. 11 - Prob. 78CPCh. 11 - Prob. 79CPCh. 11 - Statistical versus practical significance In any...Ch. 11 - Prob. 81CPCh. 11 - Multiple response variables Each subject in a...Ch. 11 - Standardized residuals for 2 2 tables The table...Ch. 11 - Prob. 84CPCh. 11 - Prob. 85CPCh. 11 - Prob. 86CPCh. 11 - Prob. 87CPCh. 11 - Prob. 88CPCh. 11 - Voting with 16 A recent survey of Austrian high...
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
- Question 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_forwardSuppose that you flip a fair coin four times. What’s the chance of getting at least one head?arrow_forward
- Suppose 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_forwardYour 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_forward
- Suppose 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_forwardA stoplight is green 40 percent of the time. If you stop at this light eight random times, what is the chance that it’s green exactly five times?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Statistics 4.1 Point Estimators; Author: Dr. Jack L. Jackson II;https://www.youtube.com/watch?v=2MrI0J8XCEE;License: Standard YouTube License, CC-BY
Statistics 101: Point Estimators; Author: Brandon Foltz;https://www.youtube.com/watch?v=4v41z3HwLaM;License: Standard YouTube License, CC-BY
Central limit theorem; Author: 365 Data Science;https://www.youtube.com/watch?v=b5xQmk9veZ4;License: Standard YouTube License, CC-BY
Point Estimate Definition & Example; Author: Prof. Essa;https://www.youtube.com/watch?v=OTVwtvQmSn0;License: Standard Youtube License
Point Estimation; Author: Vamsidhar Ambatipudi;https://www.youtube.com/watch?v=flqhlM2bZWc;License: Standard Youtube License