Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)
6th Edition
ISBN: 9780321914620
Author: Jeffrey O. Bennett, William L. Briggs
Publisher: PEARSON
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Textbook Question
Chapter 3.B, Problem 18E
Review of Scientific Notation. In the following exercises, use the skills covered in the Brief Review on p.136.
18. Write each of the following numbers in scientific notation.
a. 4327
b. 984.35
c. 0.0045
d. 624.87
e. 0.1357
f. 98.180004
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To compare two elementary schools regarding teaching of reading skills, 12 sets of identical twins were used. In each case, one child was selected at random and sent to school A, and his or her twin was sent to school B. Near the end of fifth grade, an achievement test was given to each child. The results follow:
Twin Pair
1
2
3
4
5
6
School A
169
157
115
99
119
113
School B
123
157
112
99
121
122
Twin Pair
7
8
9
10
11
12
School A
120
121
124
145
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117
School B
153
90
124
140
142
102
Suppose a sign test for matched pairs with a 1% level of significance is used to test the hypothesis that the schools have the same effectiveness in teaching reading skills against the alternate hypothesis that the schools have different levels of effectiveness in teaching reading skills. Let p denote portion of positive signs when the scores of school B are subtracted from the corresponding scores of school…
A horse trainer teaches horses to jump by using two methods of instruction. Horses being taught by method A have a lead horse that accompanies each jump. Horses being taught by method B have no lead horse. The table shows the number of training sessions required before each horse performed the jumps properly.
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25
23
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29
37
20
Method B
41
21
46
42
24
44
Method A
45
35
27
31
34
49
Method B
26
43
47
32
40
Use a rank-sum test with a5% level of significance to test the claim that there is no difference between the training sessions distributions. If the value of the sample test statistic R, the rank-sum, is 150, calculate the P-value. Round your answer to four decimal places.
Chapter 3 Solutions
Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)
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a. The largest...Ch. 3.A - Percentages. Find three recent news reports that...Ch. 3.A - Percentage Change. Find a recent news report that...Ch. 3.A - Prob. 111ECh. 3.B - Prob. 1QQCh. 3.B - Prob. 2QQCh. 3.B - Prob. 3QQCh. 3.B - 4. You are asked to estimate the total amount of...Ch. 3.B - 5. You are wondering how many dollar bills you’d...Ch. 3.B - 6. You are given some data and asked to calculate...Ch. 3.B - Prob. 7QQCh. 3.B - Prob. 8QQCh. 3.B - Prob. 9QQCh. 3.B - A lottery ticket on which the odds of winning are...Ch. 3.B - Briefly describe scientific notation. How is it...Ch. 3.B - Prob. 2ECh. 3.B - Prob. 3ECh. 3.B - Explain how we can use comparisons to put numbers...Ch. 3.B - 5. Describe three common ways of expressing the...Ch. 3.B - 6. Explain how we can use scaling to put numbers...Ch. 3.B - 7. Suppose that the Sun were the size of a...Ch. 3.B - 8. Describe several ways of putting each of the...Ch. 3.B - Prob. 9ECh. 3.B - I’ve seen about commercials on TV.Ch. 3.B - I live in an apartment building that is 200 feet...Ch. 3.B - In total, Americans spend about a billion dollars...Ch. 3.B - After a recent NFL football game, the star player...Ch. 3.B - The CEO of the company earned more money last year...Ch. 3.B - Prob. 15ECh. 3.B - Prob. 16ECh. 3.B - Prob. 17ECh. 3.B - Review of Scientific Notation. In the following...Ch. 3.B - Prob. 19ECh. 3.B - Prob. 20ECh. 3.B - Prob. 21ECh. 3.B - Prob. 22ECh. 3.B - Using Scientific Notation. Rewrite the following...Ch. 3.B - Prob. 24ECh. 3.B - 23-26: Using Scientific Notation. Rewrite the...Ch. 3.B - Prob. 26ECh. 3.B - Prob. 27ECh. 3.B - Prob. 28ECh. 3.B - 29-32: Perspective Through Estimation. Use...Ch. 3.B - Prob. 30ECh. 3.B - Prob. 31ECh. 3.B - Prob. 32ECh. 3.B - Prob. 33ECh. 3.B - Prob. 34ECh. 3.B - Prob. 35ECh. 3.B - 33-40: Order of Magnitude Estimates. Make order of...Ch. 3.B - Prob. 37ECh. 3.B - Prob. 38ECh. 3.B - Prob. 39ECh. 3.B - Prob. 40ECh. 3.B - Prob. 41ECh. 3.B - 41-48: Energy Comparisons. Use Table 3.1 to answer...Ch. 3.B - 41-48: Energy Comparisons. Use Table 3.1 to answer...Ch. 3.B - 41-48: Energy Comparisons. Use Table 3.1 to answer...Ch. 3.B - Prob. 45ECh. 3.B - Prob. 46ECh. 3.B - Prob. 47ECh. 3.B - Prob. 48ECh. 3.B - Prob. 49ECh. 3.B - Scale Ratios. Find the scale ratios for the...Ch. 3.B - Scale Ratios. Find the scale ratios for the...Ch. 3.B - Prob. 52ECh. 3.B - Scale Model Solar System. The following table...Ch. 3.B - 54. Interstellar Travel. The fastest spaceships...Ch. 3.B - Prob. 55ECh. 3.B - Prob. 56ECh. 3.B - Prob. 57ECh. 3.B - Making Numbers Understandable. Restate the...Ch. 3.B - Prob. 59ECh. 3.B - Making Numbers Understandable. Restate the...Ch. 3.B - Prob. 61ECh. 3.B - Prob. 62ECh. 3.B - Prob. 63ECh. 3.B - Prob. 64ECh. 3.B - Cells in the Human Body. Estimates of the number...Ch. 3.B - Emissions. For every gallon of gasoline burned by...Ch. 3.B - Prob. 67ECh. 3.B - Wood for Energy? A total of about 180,000...Ch. 3.B - Stellar Corpses: White Dwarfs and Neutron Stars. A...Ch. 3.B - Until the Sun Dies. It took 65 million years from...Ch. 3.B - Personal Consumption. The Bureaus of Economic...Ch. 3.B - Sampling Problems. Sampling techniques can be used...Ch. 3.B - Prob. 73ECh. 3.B - 72 – 75 : Sampling Problems. Sampling techniques...Ch. 3.B - Sampling Problems. Sampling techniques can be used...Ch. 3.B - 76. Energy Comparisons. Using data available from...Ch. 3.B - Prob. 77ECh. 3.B - Prob. 78ECh. 3.B - Prob. 79ECh. 3.B - Prob. 80ECh. 3.B - Prob. 81ECh. 3.B - Putting Numbers in Perspective. Find at least two...Ch. 3.B - Prob. 83ECh. 3.C - The $5.6 trillion surplus that government...Ch. 3.C - Under the standard rules for counting significant...Ch. 3.C - Under the standard rules for counting significant...Ch. 3.C - You are trying to measure the outside temperature...Ch. 3.C - You are trying to measure the outside temperature...Ch. 3.C - A testing service makes a error that causes all...Ch. 3.C - A testing service makes an error that causes all...Ch. 3.C - A digital scale shows that you weigh 112.7 pounds,...Ch. 3.C - At a particular moment, the U.S. National Debt...Ch. 3.C - Prob. 10QQCh. 3.C - Prob. 1ECh. 3.C - Prob. 2ECh. 3.C - Prob. 3ECh. 3.C - Distinguish between accuracy and precision. Give...Ch. 3.C - Why can it be misleading to give measurements with...Ch. 3.C - Prob. 6ECh. 3.C - Next year’s federal deficit will be $675.34...Ch. 3.C - In many developing nations, official estimates of...Ch. 3.C - I weigh 110.3627 pounds.Ch. 3.C - The 2013 presidential inauguration brought 925,500...Ch. 3.C - Wilma used a yard stick to measure the length of...Ch. 3.C - More precision is useless if the measurement is...Ch. 3.C - 13. A $1 million error may sound like a lot, but...Ch. 3.C - Prob. 14ECh. 3.C - Prob. 15ECh. 3.C - Review of Rounding. In the following exercises,...Ch. 3.C - Counting Significant Digits. State the number of...Ch. 3.C - Counting Significant Digits. State the number of...Ch. 3.C - Counting Significant Digits. State the number of...Ch. 3.C - Prob. 20ECh. 3.C - 17-28: Counting Significant Digits. State the...Ch. 3.C - Prob. 22ECh. 3.C - Prob. 23ECh. 3.C - Prob. 24ECh. 3.C - Prob. 25ECh. 3.C - Prob. 26ECh. 3.C - Prob. 27ECh. 3.C - 17-28: Counting Significant Digits. State the...Ch. 3.C - Prob. 29ECh. 3.C - Rounding with Significant Digits. Carry out the...Ch. 3.C - Prob. 31ECh. 3.C - Prob. 32ECh. 3.C - Prob. 33ECh. 3.C - Prob. 34ECh. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Prob. 36ECh. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Prob. 39ECh. 3.C - 35-42: Source of Error. Describe possible source...Ch. 3.C - Prob. 41ECh. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Tax Audit. A tax auditor reviewing a tax return...Ch. 3.C - AIDS Epidemic. Researchers studying the...Ch. 3.C - Prob. 45ECh. 3.C - Cutting Lumber. A lumber yard employee cuts 30...Ch. 3.C - Prob. 47ECh. 3.C - Absolute and Relative Errors. Find the absolute...Ch. 3.C - Absolute and Relative Errors. Find the absolute...Ch. 3.C - Absolute and Relative Errors. Find the absolute...Ch. 3.C - Prob. 51ECh. 3.C - Prob. 52ECh. 3.C - Prob. 53ECh. 3.C - 47-54: Absolute and Relative Errors. Find the...Ch. 3.C - Prob. 55ECh. 3.C - Accuracy and Precision. For each pair of...Ch. 3.C - Prob. 57ECh. 3.C - Accuracy and Precision. For each pair of...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Prob. 62ECh. 3.C - Prob. 63ECh. 3.C - 59-66: Combining Numbers. Use the appropriate...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Prob. 66ECh. 3.C - Prob. 67ECh. 3.C - Prob. 68ECh. 3.C - Prob. 69ECh. 3.C - Prob. 70ECh. 3.C - Prob. 71ECh. 3.C - Prob. 72ECh. 3.C - Prob. 73ECh. 3.C - Prob. 74ECh. 3.C - 75. Propagation of Error. Suppose you want to cut...Ch. 3.C - Prob. 76ECh. 3.C - 77. Random and Systematic Errors. Find a recent...Ch. 3.C - Prob. 78ECh. 3.C - Prob. 79ECh. 3.C - Prob. 80ECh. 3.D - Prob. 1QQCh. 3.D - Prob. 2QQCh. 3.D - Prob. 3QQCh. 3.D - Prob. 4QQCh. 3.D - Prob. 5QQCh. 3.D - Prob. 6QQCh. 3.D - 7. Over the past three decades, the cost of...Ch. 3.D - Suppose your salary has been rising at a greater...Ch. 3.D - Prob. 9QQCh. 3.D - Prob. 10QQCh. 3.D - Prob. 1ECh. 3.D - What is the Consumer Price Index (CPI)? How is it...Ch. 3.D - Prob. 3ECh. 3.D - Prob. 4ECh. 3.D - Prob. 5ECh. 3.D - Even though my salary has remained the same for...Ch. 3.D - Benjamin Franklin said, “A penny saved is a penny...Ch. 3.D - The prices of cars have risen steadily, but when...Ch. 3.D - 9. When we chart today’s price of milk in 1995...Ch. 3.D - 10. The Consumer Price Index is a theoretical...Ch. 3.D - Prob. 11ECh. 3.D - Prob. 12ECh. 3.D - Prob. 13ECh. 3.D - Prob. 14ECh. 3.D - Gasoline Price Index. Use Table 3.2 to answer the...Ch. 3.D - Gasoline Price Index. Use Table 3.2 to answer the...Ch. 3.D - Prob. 17ECh. 3.D - Prob. 18ECh. 3.D - Prob. 19ECh. 3.D - Prob. 20ECh. 3.D - Understanding the CPI. Use Table 3.4 to answer the...Ch. 3.D - Prob. 22ECh. 3.D - Prob. 23ECh. 3.D - 17-26: Understanding the CPI. Use Table 3.4 to...Ch. 3.D - 17-26: Understanding the CPI. Use Table 3.4 to...Ch. 3.D - Understanding the CPI. Use Table 3.4 to answer the...Ch. 3.D - Prob. 27ECh. 3.D - Prob. 28ECh. 3.D - Prob. 29ECh. 3.D - Prob. 30ECh. 3.D - Health Care Spending. Total spending on health...Ch. 3.D - Prob. 32ECh. 3.D - Prob. 33ECh. 3.D - Prob. 34ECh. 3.D - Prob. 35ECh. 3.D - Federal Minimum Wage. Use the following table,...Ch. 3.D - Prob. 37ECh. 3.D - Prob. 38ECh. 3.D - Federal Minimum Wage. Use the following table,...Ch. 3.D - Prob. 40ECh. 3.D - Prob. 41ECh. 3.D - Prob. 42ECh. 3.D - Fan Cost Index. The cost of attending a major...Ch. 3.D - Prob. 44ECh. 3.D - Consumer Price Index. Find a recent news report...Ch. 3.D - Prob. 46ECh. 3.D - Consumer Confidence Index. Use a search engine to...Ch. 3.D - Prob. 48ECh. 3.D - Prob. 49ECh. 3.D - Prob. 50ECh. 3.D - Prob. 51ECh. 3.D - Prob. 52ECh. 3.D - Prob. 53ECh. 3.D - Prob. 54ECh. 3.D - Prob. 55ECh. 3.E - Study Table 3.5. What does the number “8” in the...Ch. 3.E - Study Table 3.5. Which statement is not supported...Ch. 3.E - During their freshman year, Derek’s GPA was 3.4...Ch. 3.E - A false negative in a cancer screening test means...Ch. 3.E - A false positive in a test for steroids means that...Ch. 3.E - Study Table 3.7. The total number of women who did...Ch. 3.E - Study Table 3.7. The total number of women whose...Ch. 3.E - Suppose that a home pregnancy test is 99%...Ch. 3.E - Study the graph in Figure 3.5a. Which of the...Ch. 3.E - Study the graph in Figure 3.5b. Which of the...Ch. 3.E - Prob. 1ECh. 3.E - Prob. 2ECh. 3.E - Prob. 3ECh. 3.E - Prob. 4ECh. 3.E - Despite the fact that the new drug lowered blood...Ch. 3.E - Prob. 6ECh. 3.E - Baggage screening machines are 98% accurate in...Ch. 3.E - The polygraph test showed that the suspect was...Ch. 3.E - The Republications claim the tax cut benefits...Ch. 3.E - The agency suffered a real cut in its annual...Ch. 3.E - Prob. 11ECh. 3.E - Prob. 12ECh. 3.E - Prob. 13ECh. 3.E - Prob. 14ECh. 3.E - Prob. 15ECh. 3.E - Prob. 16ECh. 3.E - Prob. 17ECh. 3.E - Prob. 18ECh. 3.E - Prob. 19ECh. 3.E - Political Math. Government spending for a popular...Ch. 3.E - Basketball Records. Consider the following...Ch. 3.E - 22. Better Drug. Two drugs, A and B, were tested...Ch. 3.E - Prob. 23ECh. 3.E - Airline Arrivals. The following table shows real...Ch. 3.E - Prob. 25ECh. 3.E - Prob. 26ECh. 3.E - Analyzing a Two-Way Table. In the Senate of the...Ch. 3.E - Prob. 28ECh. 3.E - 29. A Tax Cut. According to an analysis of a...Ch. 3.E - Prob. 30ECh. 3.E - Drug Testing. Explore the issue of drug testing...Ch. 3.E - Prob. 32ECh. 3.E - Prob. 33E
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- 29% of all college students major in STEM (Science, Technology, Engineering, and Math). If 46 college students are randomly selected, find the probability thata. Exactly 11 of them major in STEM. b. At most 12 of them major in STEM. c. At least 11 of them major in STEM. d. Between 11 and 15 (including 11 and 15) of them major in STEM.arrow_forwardSand and clay studies were conducted at a site in California. Twelve consecutive depths, each about 15 cm deep, were studied and the following percentages of sand in the soil were recorded. 27.3 34.6 30.6 27.8 33.4 31.5 27.3 31.2 32.0 24.7 24.4 28.2 Test this sequence for randomness about the median. Converting this sequence of numbers to a sequence of symbols A and B, where A indicates a value above the median and B denotes a value below the median gives BAABAABAABBB. Verify that the number of runs is 7, the lower critical number is 3, and the upper critical number is 11. Use a 5% level of significance. State the conclusion of the test and interpret your results.arrow_forward29% of all college students major in STEM (Science, Technology, Engineering, and Math). If 46 college students are randomly selected, find the probability thata. Exactly 11 of them major in STEM. b. At most 12 of them major in STEM. c. At least 11 of them major in STEM. d. Between 11 and 15 (including 11 and 15) of them major in STEM.arrow_forward
- 4. Assume that a risk-free money market account is added to the market described in Q3. The continuously compounded rate of return on the money market account is log (1.1). (i) For each given μ, use Lagrange multipliers to determine the proportions (as a function of μ) of wealth invested in the three assets available for the minimum variance portfolio with expected return μ. (ii) Determine the market portfolio in this market and calculate its Sharp ratio.arrow_forward3. A market consists of two risky assets with rates of return R₁ and R2 and no risk-free asset. From market data the following have been estimated: ER₁ = 0.25, ER2 = 0.05, Var R₁ = 0.01, Var R2 = 0.04 and the correlation between R1 and R2 is p = -0.75. (i) Given that an investor is targeting a total expected return of μ = 0.2. What portfolio weights should they choose to meet this goal with minimum portfolio variance? Correct all your calculations up to 4 decimal points. (ii) Determine the global minimum-variance portfolio and the expected return and variance of return of this portfolio (4 d.p.). (iii) Sketch the minimum-variance frontier in the μ-σ² plane and indicate the efficient frontier. (iv) Without further calculation, explain how the minimum variance of the investor's portfolio return will change if the two risky assets were independent.arrow_forward2. A landlord is about to write a rental contract for a tenant which lasts T months. The landlord first decides the length T > 0 (need not be an integer) of the contract, the tenant then signs it and pays an initial handling fee of £100 before moving in. The landlord collects the total amount of rent erT at the end of the contract at a continuously compounded rate r> 0, but the contract stipulates that the tenant may leave before T, in which case the landlord only collects the total rent up until the tenant's departure time 7. Assume that 7 is exponentially distributed with rate > 0, λ‡r. (i) Calculate the expected total payment EW the landlord will receive in terms of T. (ii) Assume that the landlord has logarithmic utility U(w) = log(w - 100) and decides that the rental rate r should depend on the contract length T by r(T) = λ √T 1 For each given λ, what T (as a function of X) should the landlord choose so as to maximise their expected utility? Justify your answer. Hint. It might be…arrow_forward
- Please solving problem2 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.arrow_forwardPlease ensure that all parts of the question are answered thoroughly and clearly. Include a diagram to help explain answers. Make sure the explanation is easy to follow. Would appreciate work done written on paper. Thank you.arrow_forwardThis question builds on an earlier problem. The randomized numbers may have changed, but have your work for the previous problem available to help with this one. A 4-centimeter rod is attached at one end to a point A rotating counterclockwise on a wheel of radius 2 cm. The other end B is free to move back and forth along a horizontal bar that goes through the center of the wheel. At time t=0 the rod is situated as in the diagram at the left below. The wheel rotates counterclockwise at 1.5 rev/sec. At some point, the rod will be tangent to the circle as shown in the third picture. A B A B at some instant, the piston will be tangent to the circle (a) Express the x and y coordinates of point A as functions of t: x= 2 cos(3πt) and y= 2 sin(3t) (b) Write a formula for the slope of the tangent line to the circle at the point A at time t seconds: -cot(3πt) sin(3лt) (c) Express the x-coordinate of the right end of the rod at point B as a function of t: 2 cos(3πt) +411- 4 -2 sin (3лt) (d)…arrow_forward
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