Statistics, Books a la Carte Edition Plus MyLab Statistics  with Pearson eText -- Access Card Package (4th Edition)
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
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Chapter 1.2, Problem 16PB

Samples vary less with more data We’ll see that the amount by which statistics vary from sample to sample always depends on the sample size. This important fact can be illustrated by thinking about what would happen in repeated flips of a fair coin.

  1. a. Which case would you find more surprising—flipping the coin five times and observing all heads or flipping the coin 500 times and observing all heads?
  2. b. Imagine flipping the coin 500 times, recording the proportion of heads observed, and repeating this experiment many times to get an idea of how much the proportion tends to vary from one sequence to another. Different sequences of 500 flips tend to result in proportions of heads observed which are less variable than the proportion of heads observed in sequences of only five flips each. Using part a, explain why you would expect this to be true.
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30. An individual who has automobile insurance from a certain company is randomly selected. Let Y be the num- ber of moving violations for which the individual was cited during the last 3 years. The pmf of Y isy      | 1       2      4       8      16p(y) | .05   .10   .35   .40   .10 a.Compute E(Y).b. Suppose an individual with Y violations incurs a surcharge of $100Y^2. Calculate the expected amount of the surcharge.
24. An insurance company offers its policyholders a num- ber of different premium payment options. For a ran- domly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: F(x)=0.00  :  x < 10.30  :  1≤x<30.40  :  3≤ x < 40.45  :  4≤ x <60.60  :  6≤ x < 121.00  :  12≤ x a. What is the pmf of X?b. Using just the cdf, compute P(3≤ X ≤6) and P(4≤ X).

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Statistics, Books a la Carte Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (4th Edition)

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