Pearson eText for Probability and Statistical Inference -- Instant Access (Pearson+)

10th Edition

ISBN: 9780137538461

Author: Robert Hogg, Elliot Tanis

Publisher: PEARSON+

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Chapter 3.4, Problem 17E

Some banks now compound daily, but report only on a quarterly basis. It seems to us that it would be easier to compound every instant, for then a dollar invested at an annual rate of i for t years would be worth e t i .

[You might find it interesting to prove this statement by taking the limit of ( 1 + i n ) n t as n → ∞ .

If X is a random rate with pdf f ( x ) = c e − x , 0.04 < x < 0.08 , find the pdf of the value of one dollar after three years invested at the rate of X.

Definition Definition Probability of occurrence of a continuous random variable within a specified range. When the value of a random variable, Y, is evaluated at a point Y=y, then the probability distribution function gives the probability that Y will take a value less than or equal to y. The probability distribution function formula for random Variable Y following the normal distribution is: F(y) = P (Y ≤ y) The value of probability distribution function for random variable lies between 0 and 1.

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Chapter 3.4, Problem 16E

Chapter 3.4, Problem 18E

Chapter 3 Solutions

Pearson eText for Probability and Statistical Inference -- Instant Access (Pearson+)

Ch. 3.1 - Show that the mean, variance, and mgf of the...Ch. 3.1 - Let X be a continuous random variable with pdf...Ch. 3.1 - Customers arrive randomly at a bank tellers...Ch. 3.1 - If the mgf of X is M(t)=e5te4tt,t0andM(0)=1,, find...Ch. 3.1 - Let Y have a uniform distribution U(0,1), and let...Ch. 3.1 - A grocery store can order n watermelons from a...Ch. 3.1 - For each of the following functions, (i) find the...Ch. 3.1 - For each of the following functions, (i) find the...Ch. 3.1 - Prob. 9E Ch. 3.1 - The pdf of X is f(x)=cx2,1x. (a) Calculate the...

Ch. 3.1 - The pdf of Y is g(y)=cy3,1y. (a) Calculate the...Ch. 3.1 - Sketch the graphs of the following pdfs and find...Ch. 3.1 - The logistic distribution is associated with the...Ch. 3.1 - Find the variances of each of the distributions...Ch. 3.1 - The life X (in years) of a voltage regulator of a...Ch. 3.1 - Let f(x)=(x+1)2,1x1. Find (a) 0.64, (b) q1=0.25,...Ch. 3.1 - An insurance agent receives a bonus if the loss...Ch. 3.1 - Prob. 18E Ch. 3.1 - The total amount of medical claims (in $100000) of...Ch. 3.1 - Nicol (see References) lets the pdf of X be...Ch. 3.1 - Let X1,X2,...,Xk be random variables of the...Ch. 3.2 - Prob. 1E Ch. 3.2 - Telephone calls arrive at a doctors office...Ch. 3.2 - Let X have an exponential distribution with mean...Ch. 3.2 - Let F(x) be the cdf of the continuous-type random...Ch. 3.2 - There are times when a shifted exponential model...Ch. 3.2 - A certain type of aluminum screen 2 feet in width...Ch. 3.2 - Find the moment-generating function for the gamma...Ch. 3.2 - If X has a gamma distribution with =4 and =2, find...Ch. 3.2 - If the moment-generating function of a random...Ch. 3.2 - Use the moment-generating function of a gamma...Ch. 3.2 - Let X have a gamma distribution with parameters ...Ch. 3.2 - Let X equal the number of alpha particle emissions...Ch. 3.2 - If X is x2(23), find the following: (a)...Ch. 3.2 - If X is x2(12), find constants a and b such that...Ch. 3.2 - Prob. 15E Ch. 3.2 - Cars arrive at a tollbooth at a mean rate of five...Ch. 3.2 - If 15 observations are taken independently from a...Ch. 3.2 - Say the serum cholesterol level (X) of U.S. males...Ch. 3.2 - A bakery sells rolls in units of a dozen. The...Ch. 3.2 - The initial value of an appliance is $700 and its...Ch. 3.2 - A loss (in $100000) due to fire in a building has...Ch. 3.2 - Find the index of skewness of the x2(r)...Ch. 3.2 - Some dental insurance policies cover the insurer...Ch. 3.3 - If Z is N(0,1), find (a) P(0.47Z2.13). (b)...Ch. 3.3 - If Z is N(0,1), find (a) P(0Z0.78). (b) P(2.46Z0)....Ch. 3.3 - If Z is N(0,1), find values of c such that (a)...Ch. 3.3 - Find the values of (a) z0.10, (b) z0.05, (c)...Ch. 3.3 - If X is normally distributed with a mean of 6 and...Ch. 3.3 - If the moment-generating function of X is...Ch. 3.3 - If X is N(650,400), find (a) P(600X660). (b) A...Ch. 3.3 - Prob. 8E Ch. 3.3 - Find the distribution of W=X2 when (a) X is...Ch. 3.3 - If X is N(,2) show that Y=aX+b is N(a,+b,a22),a0,...Ch. 3.3 - A candy maker produces mints that have a label...Ch. 3.3 - Prob. 12E Ch. 3.3 - The serum zinc level X in micrograms per deciliter...Ch. 3.3 - The strength X of a certain material is such that...Ch. 3.3 - The fill problem is important in many industries,...Ch. 3.3 - The graphs of the moment-generating functions of...Ch. 3.3 - Prob. 17E Ch. 3.4 - Let the life W (in years) of the usual family car...Ch. 3.4 - Suppose that the length W of a mans life does...Ch. 3.4 - Let Y1 be the smallest observation of three...Ch. 3.4 - Prob. 4E Ch. 3.4 - Let X be a random variable of the mixed type...Ch. 3.4 - Let X be a random variable of the mixed type...Ch. 3.4 - Prob. 7E Ch. 3.4 - Find the mean and variance of X if the cdf of X is...Ch. 3.4 - Consider the following game: A fair die is rolled....Ch. 3.4 - Prob. 10E Ch. 3.4 - Prob. 11E Ch. 3.4 - Let X have an exponential distribution with =1;...Ch. 3.4 - A loss X on a car has a mixed distribution with...Ch. 3.4 - A customer buys a $1000 deductible policy on her...Ch. 3.4 - A certain machine has a life X that has an...Ch. 3.4 - Prob. 16E Ch. 3.4 - Some banks now compound daily, but report only on...Ch. 3.4 - Prob. 18E Ch. 3.4 - Prob. 19E Ch. 3.4 - Let X be the failure time (in months) of a certain...Ch. 3.4 - In a medical experiment, a rat has been exposed to...

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