Elementary Statistics: A Step By Step Approach
10th Edition
ISBN: 9781260042054
Author: Bluman
Publisher: MCG
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Textbook Question
Chapter 1.4, Problem 1AC
Today’s Cigarettes
Vapor or electronic cigarettes have increased dramatically over the past five years. Compared to traditional tobacco products a lot of research has not been performed on alternative smoking devices even though the sales of these devices have double and then tripled. One study conducted at Virginia Commonwealth University considered the following factors: carbon monoxide concentration, heart rate, subjective effects of the user, and plasma nicotine concentration. The study consisted of 32 subjects. The subjects came from four separate groups, traditional cigarettes, 18-mg nicotine cartridge vapor brand, 16-mg nicotine cartridge vapor brand, and a device containing no vapors.
After five minutes of smoking, the smokers of the traditional cigarettes saw increased levels of carbon monoxide, heart rate, and plasma nicotine. The electronic vapor cigarette smokers did not see a significant increase in heart rate or subjective effects to the user. Answer the following questions.
1. What type of study was this (observational, quasi-experimental, or experimental)?
2. What are the independent and dependent variables?
3. Which was the treatment group?
4. Could the subjects’ blood pressures be affected by knowing that they are part of a study?
5. List some possible confounding variables.
6. Do you think this is a good way to study the effect of smokeless tobacco?
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Problem1
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%. (This model is the same as in Prob. 1 of HW#2).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.
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
Chapter 1 Solutions
Elementary Statistics: A Step By Step Approach
Ch. 1.1 - Read the following on attendance and grades, and...Ch. 1.1 - Define statistics.Ch. 1.1 - What is a variable?Ch. 1.1 - What is meant by a census?Ch. 1.1 - How does a population differ from a sample?Ch. 1.1 - Explain the difference between descriptive and...Ch. 1.1 - Name three areas where probability is used.Ch. 1.1 - Why is information obtained from samples used more...Ch. 1.1 - What is meant by a biased sample?Ch. 1.1 - determine whether descriptive or inferential...
Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.1 - determine whether descriptive or inferential...Ch. 1.2 - Applying the Concepts 1-2 Fatal Transportation...Ch. 1.2 - Explain the difference between qualitative...Ch. 1.2 - Prob. 2ECh. 1.2 - Why are continuous variables rounded when they are...Ch. 1.2 - Name and define the four types of measurement...Ch. 1.2 - determine whether the data are qualitative or...Ch. 1.2 - determine whether the data are qualitative or...Ch. 1.2 - determine whether the data are qualitative or...Ch. 1.2 - determine whether the data are qualitative or...Ch. 1.2 - determine whether the data are qualitative or...Ch. 1.2 - determine whether the data are qualitative or...Ch. 1.2 - determine whether the data are discrete or...Ch. 1.2 - determine whether the data are discrete or...Ch. 1.2 - determine whether the data are discrete or...Ch. 1.2 - determine whether the data are discrete or...Ch. 1.2 - determine whether the data are discrete or...Ch. 1.2 - determine whether the data are discrete or...Ch. 1.2 - give the boundaries of each value. 17. 24 feelCh. 1.2 - give the boundaries of each value. 18. 6.3...Ch. 1.2 - give the boundaries of each value. 19. 143 milesCh. 1.2 - give the boundaries of each value. 20. 19.63 tonsCh. 1.2 - give the boundaries of each value. 21. 200.7 milesCh. 1.2 - give the boundaries of each value. 22. 19 quartsCh. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.2 - classify each as nominal-level, ordinal-level,...Ch. 1.3 - Applying the Concepts 13 American Culture and Drug...Ch. 1.3 - Name five ways that data can be collected.Ch. 1.3 - What is meant by sampling error and nonsampling...Ch. 1.3 - Why are random numbers used in sampling, and how...Ch. 1.3 - Name and define the four basic sampling methods.Ch. 1.3 - For Exercises 510, define a population that may...Ch. 1.3 - For Exercises 510, define a population that may...Ch. 1.3 - For Exercises 510, define a population that may...Ch. 1.3 - For Exercises 510, define a population that may...Ch. 1.3 - For Exercises 510, define a population that may...Ch. 1.3 - For Exercises 5-10, define a population that may...Ch. 1.3 - indentify the sampling method that was used. 11....Ch. 1.3 - indentify the sampling method that was used. 12....Ch. 1.3 - indentify the sampling method that was used. 13....Ch. 1.3 - indentify the sampling method that was used. 14....Ch. 1.3 - indentify the sampling method that was used. 15....Ch. 1.3 - indentify the sampling method that was used. 16....Ch. 1.4 - Todays Cigarettes Vapor or electronic cigarettes...Ch. 1.4 - Explain the difference between an observational...Ch. 1.4 - Prob. 2ECh. 1.4 - List some advantages and disadvantages of an...Ch. 1.4 - List some advantages and disadvantages of an...Ch. 1.4 - What is the difference between an experimental...Ch. 1.4 - What is the difference between independent...Ch. 1.4 - Why are a treatment group and a control group used...Ch. 1.4 - Explain the Hawthorne effect.Ch. 1.4 - What is a confounding variable?Ch. 1.4 - Define the placebo effect in a statistical study.Ch. 1.4 - Prob. 11ECh. 1.4 - Why do researchers use randomization in...Ch. 1.4 - Prob. 13ECh. 1.4 - Prob. 14ECh. 1.4 - determine whether an observational study or an...Ch. 1.4 - determine whether an observational study or an...Ch. 1.4 - determine whether an observational study or an...Ch. 1.4 - determine whether an observational study or an...Ch. 1.4 - identify the independent variable and the...Ch. 1.4 - identify the independent variable and the...Ch. 1.4 - Prob. 21ECh. 1.4 - Prob. 22ECh. 1.4 - Prob. 23ECh. 1.4 - Prob. 24ECh. 1.4 - Prob. 25ECh. 1.4 - suggest some confounding variables that the...Ch. 1.4 - For Exercises 2731, give a reason why the...Ch. 1.4 - Here is the whole truth about back pain.Ch. 1.4 - For Exercises 2731, give a reason why the...Ch. 1.4 - give a reason why the statement made might be...Ch. 1.4 - Prob. 31ECh. 1.4 - List the steps you should perform when conducting...Ch. 1.4 - Prob. 33ECh. 1.4 - Comment on the following statement, taken from a...Ch. 1.4 - In an ad for women, the following statement was...Ch. 1.4 - Prob. 36ECh. 1.4 - Prob. 37ECh. 1.4 - An ad for an exercise product stated: Using this...Ch. 1.4 - Prob. 39ECh. 1.4 - Just l capsule of Brand X can provide 24 hours of...Ch. 1.4 - Male children born to women who smoke during...Ch. 1.4 - Caffeine and Health In the 1980s, a study linked...Ch. 1 - state whether descriptive or inferential...Ch. 1 - state whether descriptive or inferential...Ch. 1 - state whether descriptive or inferential...Ch. 1 - state whether descriptive or inferential...Ch. 1 - state whether descriptive or inferential...Ch. 1 - state whether descriptive or inferential...Ch. 1 - state whether descriptive or inferential...Ch. 1 - state whether descriptive or inferential...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - Classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each as nominal-level, ordinal-level,...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as qualitative or...Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - classify each variable as discrete or continuous....Ch. 1 - give the boundaries of each value. 35. 56 yards.Ch. 1 - give the boundaries of each value. 36. 105.4...Ch. 1 - give the boundaries of each value. 37. 72.6 tons.Ch. 1 - give the boundaries of each value. 38. 9.54...Ch. 1 - classify each sample as random, systematic,...Ch. 1 - classify each sample as random, systematic,...Ch. 1 - classify each sample as random, systematic,...Ch. 1 - classify each sample as random, systematic,...Ch. 1 - classify each sample as random, systematic,...Ch. 1 - classify each sample as random, systematic,...Ch. 1 - identify each study as being either observational...Ch. 1 - identify each study as being either observational...Ch. 1 - identify each study as being either observational...Ch. 1 - identify each study as being either observational...Ch. 1 - For Exercises 4952, identify the independent and...Ch. 1 - identify the independent and dependent variables...Ch. 1 - identify the independent and dependent variables...Ch. 1 - identify the independent and dependent variables...Ch. 1 - explain why the claims of these studies might be...Ch. 1 - explain why the claims of these studies might be...Ch. 1 - explain why the claims of these studies might be...Ch. 1 - For Exercises 5358, explain why the claims of...Ch. 1 - explain why the claims of these studies might be...Ch. 1 - explain why the claims of these studies might be...Ch. 1 - Determine whether each statement is true or false....Ch. 1 - Determine whether each statement is true or false....Ch. 1 - Prob. 3CQCh. 1 - Prob. 4CQCh. 1 - Prob. 5CQCh. 1 - The height of basketball players is considered a...Ch. 1 - Prob. 7CQCh. 1 - Prob. 8CQCh. 1 - Select the best answer. 9. What are the boundaries...Ch. 1 - Select the best answer. 10. A researcher divided...Ch. 1 - Prob. 11CQCh. 1 - Select the best answer. 12. A study that involves...Ch. 1 - Prob. 13CQCh. 1 - Two major branches of statistics are _____ and...Ch. 1 - Prob. 15CQCh. 1 - The group of all subjects under study is called...Ch. 1 - A group of subjects selected from the group of all...Ch. 1 - Three reasons why samples are used in statistics:...Ch. 1 - The four basic sampling methods are a. ______ b....Ch. 1 - Prob. 20CQCh. 1 - Prob. 21CQCh. 1 - For each statement, decide whether descriptive or...Ch. 1 - Classify each as nominal-level, ordinal-level,...Ch. 1 - Classify each variable as discrete or continuous....Ch. 1 - Give the boundaries of each. a. 32 minutes b. 0.48...
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