Concept explainers
a.
To obtain: The
a.
![Check Mark](/static/check-mark.png)
Answer to Problem 26CQ
The probability of getting a sum 6 or 7 is
Explanation of Solution
Given info:
A pair of six-sided dice is rolled.
Calculation:
The possibilities for rolling a pair of six-sided dice is,
Thus, the total number of outcomes is 36.
Let
Hence, the possible outcomes for getting a sum 6 are,
That is, there are 5 outcomes for event A.
The formula for probability of event A is,
Substitute 5 for ‘Number of outcomes in A’ and 36 for ‘Total number of outcomes in the
Let event B denote getting a sum 7.
Hence, the possible outcomes for getting a sum 7 are,
That is, there are 6 outcomes for eventB.
The formula for probability of event B is,
Substitute 6 for ‘Number of outcomes in B’ and 36 for ‘Total number of outcomes in the sample space’,
The formula for probability of getting event A or event B is,
Substitute
Thus, the probability that the outcome is sum less than 9 is
b.
To obtain: The probability of getting a sum greater than 8.
b.
![Check Mark](/static/check-mark.png)
Answer to Problem 26CQ
The probability of getting a sum greater than 8 is
Explanation of Solution
Calculation:
Let event C denote getting a sum greater than 8.
Hence, the possible outcomes for getting a sum greater than 8 are,
That is, there are 10 outcomes for eventC.
The formula for probability of event C is,
Substitute 10 for ‘Number of outcomes in C’ and 36 for ‘Total number of outcomes in the sample space’,
Thus, the probability of getting a sum greater than 8 is
c.
To obtain: The probability of getting a sum less than 3 or greater than 8.
c.
![Check Mark](/static/check-mark.png)
Answer to Problem 26CQ
The probability of getting a sum less than 3 or greater than 8 is
Explanation of Solution
Calculation:
Let event D denote getting a less than 3.
Hence, the possible outcomes for getting a sum less than 3 are,
That is, there are 1 outcome for eventD.
The formula for probability of event D is,
Substitute 1 for ‘Number of outcomes in A’ and 36 for ‘Total number of outcomes in the sample space’,
Let event E denote getting a sum greater than 8.
Hence, the possible outcomes for getting a sum greater than 8 are,
That is, there are 10 outcomes for eventE.
The formula for probability of event E is,
Substitute 10 for ‘Number of outcomes in E’ and 36 for ‘Total number of outcomes in the sample space’,
Addition Rule:
The formula for probability of getting event A or event B is,
Substitute
Thus, the probability of getting a sum less than 3 or greater than 8 is
d.
To obtain: The probability of getting a sum divisible 3.
d.
![Check Mark](/static/check-mark.png)
Answer to Problem 26CQ
The probability of getting a sum divisible 3 is
Explanation of Solution
Calculation:
Let event E denote getting a sum greater than 8.
Hence, the possible outcomes for getting a sum divisible 3 are,
That is, there are 12 outcomes for eventE.
The formula for probability of event E is,
Substitute 12 for ‘Number of outcomes in E’ and 36 for ‘Total number of outcomes in the sample space’,
Thus, the probability of getting a sum divisible 3 is
e.
To obtain: The probability of getting a sum of 16.
e.
![Check Mark](/static/check-mark.png)
Answer to Problem 26CQ
The probability of getting a sum of 16 is0.
Explanation of Solution
Calculation:
Let event F denote getting a sum of 16.
Here, the number of possible outcomes for getting a sum of 16 is 0.
That is, there are 0 outcomes for eventF.
The formula for probability of event F is,
Substitute 0 for ‘Number of outcomes in F’ and 36 for ‘Total number of outcomes in the sample space’,
Thus, the probability of getting a sum of 16 is0.
f.
To obtain: The probability of getting a sum less than 11.
f.
![Check Mark](/static/check-mark.png)
Answer to Problem 26CQ
The probability of getting a sum less than 11 is
Explanation of Solution
Calculation:
Let event G denote getting a sum less than 11.
Hence, the possible outcomes for getting a sum divisible 3 are,
That is, there are 33 outcomes for eventG.
The formula for probability of event G is,
Substitute 33 for ‘Number of outcomes in F’ and 36 for ‘Total number of outcomes in the sample space’,
Thus, the probability of getting a sum less than 11 is
Want to see more full solutions like this?
Chapter 4 Solutions
ELEMENTARY STATS: STEP BY STEP - CONNECT
- Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include: Mileage (mpg) Number of Cylinders (cyl) Displacement (disp) Horsepower (hp) Research: Google to understand these variables. Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp Mean Median First Quartile (Q1) Second Quartile (Q2) Third Quartile (Q3) Fourth Quartile (Q4) 10th Percentile 70th Percentile Skewness Kurtosis Document Your Results: In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command” In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…arrow_forwardExamine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include: Mileage (mpg) Number of Cylinders (cyl) Displacement (disp) Horsepower (hp) Research: Google to understand these variables. Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp Mean Median First Quartile (Q1) Second Quartile (Q2) Third Quartile (Q3) Fourth Quartile (Q4) 10th Percentile 70th Percentile Skewness Kurtosis Document Your Results: In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command” In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…arrow_forward2 (VaR and ES) Suppose X1 are independent. Prove that ~ Unif[-0.5, 0.5] and X2 VaRa (X1X2) < VaRa(X1) + VaRa (X2). ~ Unif[-0.5, 0.5]arrow_forward
- 8 (Correlation and Diversification) Assume we have two stocks, A and B, show that a particular combination of the two stocks produce a risk-free portfolio when the correlation between the return of A and B is -1.arrow_forward9 (Portfolio allocation) Suppose R₁ and R2 are returns of 2 assets and with expected return and variance respectively r₁ and 72 and variance-covariance σ2, 0%½ and σ12. Find −∞ ≤ w ≤ ∞ such that the portfolio wR₁ + (1 - w) R₂ has the smallest risk.arrow_forward7 (Multivariate random variable) Suppose X, €1, €2, €3 are IID N(0, 1) and Y2 Y₁ = 0.2 0.8X + €1, Y₂ = 0.3 +0.7X+ €2, Y3 = 0.2 + 0.9X + €3. = (In models like this, X is called the common factors of Y₁, Y₂, Y3.) Y = (Y1, Y2, Y3). (a) Find E(Y) and cov(Y). (b) What can you observe from cov(Y). Writearrow_forward
- 1 (VaR and ES) Suppose X ~ f(x) with 1+x, if 0> x > −1 f(x) = 1−x if 1 x > 0 Find VaRo.05 (X) and ES0.05 (X).arrow_forwardJoy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forwardSolve for X. Explain each step. 2^2x • 2^-4=8arrow_forward
- One hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forwardneed help with part barrow_forwardSuppose you know that Bob's test score is above the mean, but he doesn't remember by how much. At least how many students must score lower than Bob?arrow_forward
- Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
![Text book image](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305652231/9781305652231_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305115545/9781305115545_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305071742/9781305071742_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)