Loose-leaf For Applied Statistics In Business And Economics
Loose-leaf For Applied Statistics In Business And Economics
5th Edition
ISBN: 9781259328527
Author: David Doane, Lori Seward Senior Instructor of Operations Management
Publisher: McGraw-Hill Education
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Chapter 1.5, Problem 9SE

A National Health Interview Survey conducted by the U.S. Centers for Disease Control and Prevention reported that using a cell phone instead of a landline appeared to double a person’s chances of binge drinking. “I guess I’d better give up my cell phone.” said Bob. Which fallacy, if any, do you see in Bob’s reasoning?

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5. Let X be a positive random variable with finite variance, and let A = (0, 1). Prove that P(X AEX) 2 (1-A)² (EX)² EX2
6. Let, for p = (0, 1), and xe R. X be a random variable defined as follows: P(X=-x) = P(X = x)=p. P(X=0)= 1-2p. Show that there is equality in Chebyshev's inequality for X. This means that Chebyshev's inequality, in spite of being rather crude, cannot be improved without additional assumptions.
4. Prove that, for any random variable X, the minimum of EIX-al is attained for a = med (X).

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Loose-leaf For Applied Statistics In Business And Economics

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