Elementary Statistics: Picturing the World (7th Edition)
7th Edition
ISBN: 9780134683416
Author: Ron Larson, Betsy Farber
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 4, Problem 2CQ
The table lists the number of wireless devices per household in a small town in the United States.
- (a) Construct a
probability distribution. - (b) Graph the probability distribution using a histogram and describe its shape.
- (c) Find the
mean , variance, and standard deviation of the probability distribution and interpret the results. - (d) Find the probability of randomly selecting a household that has at least four wireless devices.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A random variable X takes values 0 and 1 with probabilities q and p, respectively, with q+p=1. find the moment generating function of X and show that all the moments about the origin equal p. (Note- Please include as much detailed solution/steps in the solution to understand, Thank you!)
1 (Expected Shortfall)
Suppose the price of an asset Pt follows a normal random walk, i.e., Pt =
Po+r₁ + ... + rt with r₁, r2,... being IID N(μ, o²).
Po+r1+.
⚫ Suppose the VaR of rt is VaRq(rt) at level q, find the VaR of the price
in T days, i.e., VaRq(Pt – Pt–T).
-
• If ESq(rt) = A, find ES₁(Pt – Pt–T).
2 (Normal Distribution)
Let rt be a log return. Suppose that r₁, 2, ... are IID N(0.06, 0.47).
What is the distribution of rt (4) = rt + rt-1 + rt-2 + rt-3?
What is P(rt (4) < 2)?
What is the covariance between r2(2) = 1 + 12 and 13(2) = r² + 13?
• What is the conditional distribution of r₁(3) = rt + rt-1 + rt-2 given
rt-2 = 0.6?
Chapter 4 Solutions
Elementary Statistics: Picturing the World (7th Edition)
Ch. 4.1 - Determine whether each random variable x is...Ch. 4.1 - A company tracks the number of sales new employees...Ch. 4.1 - Verify that the distribution you constructed in...Ch. 4.1 - Determine whether each distribution is a...Ch. 4.1 - Find the mean of the probability distribution you...Ch. 4.1 - Find the variance and standard deviation of the...Ch. 4.1 - At a raffle, 2000 tickets are sold at 5 each for...Ch. 4.1 - What is a random variable? Give an example of a...Ch. 4.1 - What is a discrete probability distribution? What...Ch. 4.1 - Is the expected value of the probability...
Ch. 4.1 - What does the mean of a probability distribution...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Constructing and Graphing Discrete Probability...Ch. 4.1 - Constructing and Graphing Discrete Probability...Ch. 4.1 - Finding Probabilities Use the probability...Ch. 4.1 - Finding Probabilities Use the probability...Ch. 4.1 - Unusual Events In Exercise 19, would it be unusual...Ch. 4.1 - Unusual Events In Exercise 20, would it be unusual...Ch. 4.1 - Determining a Missing Probability In Exercises 25...Ch. 4.1 - Determining a Missing Probability In Exercises 25...Ch. 4.1 - Identifying Probability Distributions In Exercises...Ch. 4.1 - Identifying Probability Distributions In Exercises...Ch. 4.1 - Finding the Mean, Variance, and Standard Deviation...Ch. 4.1 - Baseball The number of games played in each World...Ch. 4.1 - Finding the Mean, Variance, and Standard Deviation...Ch. 4.1 - Finding the Mean, Variance, and Standard Deviation...Ch. 4.1 - Hurricanes The histogram shows the distribution of...Ch. 4.1 - Reviewer Ratings The histogram shows the reviewer...Ch. 4.1 - Writing The expected value of an accountants...Ch. 4.1 - Writing In a game of chance, what is the...Ch. 4.1 - Finding an Expected Value In Exercises 37and 38,...Ch. 4.1 - A high school basketball team is selling 10 raffle...Ch. 4.1 - Linear Transformation of a Random Variable In...Ch. 4.1 - Prob. 40ECh. 4.1 - What is the average sum of their scores? What is...Ch. 4.1 - What is the standard deviation of the difference...Ch. 4.2 - Determine whether the experiment is a binomial...Ch. 4.2 - A card is selected from a standard deck and...Ch. 4.2 - A survey found that 52% of U.S. adults associate...Ch. 4.2 - The survey in Example 5 found that 27% of U.S....Ch. 4.2 - About 5% of workers (ages 16 years and older) in...Ch. 4.2 - A recent study found that 28% of U.S. adults read...Ch. 4.2 - In San Francisco, California, about 44% of the...Ch. 4.2 - In a binomial experiment, what does it mean to say...Ch. 4.2 - In a binomial experiment with n trials, what does...Ch. 4.2 - Graphical Analysis In Exercises 35, the histogram...Ch. 4.2 - Graphical Analysis In Exercises 35, the histogram...Ch. 4.2 - Graphical Analysis In Exercises 35, the histogram...Ch. 4.2 - Graphical Analysis In Exercises 68, the histogram...Ch. 4.2 - Graphical Analysis In Exercises 68, the histogram...Ch. 4.2 - Graphical Analysis In Exercises 68, the histogram...Ch. 4.2 - Identify the unusual values of x in each histogram...Ch. 4.2 - Identify the unusual values of x in each histogram...Ch. 4.2 - Mean, Variance, and Standard Deviation In...Ch. 4.2 - Mean, Variance, and Standard Deviation In...Ch. 4.2 - Mean, Variance, and Standard Deviation In...Ch. 4.2 - Mean, Variance, and Standard Deviation In...Ch. 4.2 - Identifying and Understanding Binomial Experiments...Ch. 4.2 - Identifying and Understanding Binomial Experiments...Ch. 4.2 - Identifying and Understanding Binomial Experiments...Ch. 4.2 - Identifying and Understanding Binomial Experiments...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Finding Binomial Probabilities In Exercises 1926,...Ch. 4.2 - Constructing and Graphing Binomial Distributions...Ch. 4.2 - Constructing and Graphing Binomial Distributions...Ch. 4.2 - Constructing and Graphing Binomial Distributions...Ch. 4.2 - Constructing and Graphing Binomial Distributions...Ch. 4.2 - Finding and Interpreting Mean, Variance, and...Ch. 4.2 - Finding and Interpreting Mean, Variance, and...Ch. 4.2 - Finding and Interpreting Mean, Variance, and...Ch. 4.2 - Finding and Interpreting Mean, Variance, and...Ch. 4.2 - Finding and Interpreting Mean, Variance, and...Ch. 4.2 - Finding and Interpreting Mean, Variance, and...Ch. 4.2 - Genetics According to a theory in genetics, when...Ch. 4.2 - Genetics Another proposed theory in genetics gives...Ch. 4.2 - Manufacturing An assembly line produces 10,000...Ch. 4.2 - Prob. 1ACh. 4.2 - Prob. 2ACh. 4.2 - For the election in Exercise 1, simulate selecting...Ch. 4.2 - 1. Construct a probability distribution for the...Ch. 4.2 - 2. Construct binomial probability distributions...Ch. 4.2 - 3. Compare your distributions from Exercise 1 and...Ch. 4.2 - 4. During the 2016 regular season, Kris Bryant of...Ch. 4.3 - The study in Example 1 found that the smartphones...Ch. 4.3 - What is the probability that more than four...Ch. 4.3 - Two thousand brown trout are introduced into a...Ch. 4.3 - In Exercises 14, find the indicated probability...Ch. 4.3 - Prob. 2ECh. 4.3 - In Exercises 14, find the indicated probability...Ch. 4.3 - Prob. 4ECh. 4.3 - In Exercises 58, find the indicated probability...Ch. 4.3 - Prob. 6ECh. 4.3 - In Exercises 58, find the indicated probability...Ch. 4.3 - In Exercises 58, find the indicated probability...Ch. 4.3 - Prob. 9ECh. 4.3 - In your own words, describe the difference between...Ch. 4.3 - Prob. 11ECh. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Using a Distribution to Find Probabilities In...Ch. 4.3 - Comparing Binomial and Poisson Distributions An...Ch. 4.3 - Hypergeometric Distribution Binomial experiments...Ch. 4.3 - Geometric Distribution: Mean and Variance In...Ch. 4.3 - Geometric Distribution: Mean and Variance In...Ch. 4.3 - Prob. 31ECh. 4.3 - Geometric Distribution: Mean and Variance In...Ch. 4 - In Exercises 13, assume the fire department...Ch. 4 - In Exercises 13, assume the fire department...Ch. 4 - In Exercises 13, assume the fire department...Ch. 4 - In Exercises 1 and 2, determine whether the random...Ch. 4 - In Exercises 1 and 2, determine whether the random...Ch. 4 - In Exercises 3 and 4, (a) construct a probability...Ch. 4 - In Exercises 3 and 4, (a) construct a probability...Ch. 4 - In Exercises 5 and 6, determine whether the...Ch. 4 - In Exercises 5 and 6, determine whether the...Ch. 4 - In Exercises 7 and 8, (a) find the mean, variance,...Ch. 4 - In Exercises 7 and 8, (a) find the mean, variance,...Ch. 4 - In Exercises 9 and 10, find the expected net gain...Ch. 4 - In Exercises 9 and 10, find the expected net gain...Ch. 4 - In Exercises 11 and 12, determine whether the...Ch. 4 - In Exercises 11 and 12, determine whether the...Ch. 4 - In Exercises 1316, find the indicated binomial...Ch. 4 - In Exercises 1316, find the indicated binomial...Ch. 4 - In Exercises 1316, find the indicated binomial...Ch. 4 - In Exercises 1316, find the indicated binomial...Ch. 4 - In Exercises 17 and 18, (a) construct a binomial...Ch. 4 - In Exercises 17 and 18, (a) construct a binomial...Ch. 4 - In Exercises 19 and 20, find the mean, variance,...Ch. 4 - In Exercises 19 and 20, find the mean, variance,...Ch. 4 - In Exercises 2126, find the indicated...Ch. 4 - Prob. 4.3.22RECh. 4 - In Exercises 2126, find the indicated...Ch. 4 - Prob. 4.3.24RECh. 4 - Prob. 4.3.25RECh. 4 - In Exercises 2126, find the indicated...Ch. 4 - Determine whether the random variable x is...Ch. 4 - The table lists the number of wireless devices per...Ch. 4 - Prob. 3CQCh. 4 - The five-year success rate of kidney transplant...Ch. 4 - An online magazine finds that the mean number of...Ch. 4 - Basketball player Dwight Howard makes a free throw...Ch. 4 - Which event(s) in Exercise 6 can be considered...Ch. 4 - In Exercises 13find the indicated probabilities...Ch. 4 - In Exercises 13, find the indicated probabilities...Ch. 4 - In Exercises 13find the indicated probabilities...Ch. 4 - Determine whether the distribution is a...Ch. 4 - The table shows the ages of students in a freshman...Ch. 4 - Seventy-seven percent of U.S. college students pay...Ch. 4 - The Centers for Disease Control and Prevention...Ch. 4 - The Centers for Disease Control and Prevention...Ch. 4 - Suspicious Samples? A lab worker tells you that...Ch. 4 - In Exercises 17, consider a grocery store that can...Ch. 4 - In Exercises 17, consider a grocery store that can...Ch. 4 - Prob. 3TCh. 4 - Prob. 4TCh. 4 - Prob. 5TCh. 4 - In Exercises 17, consider a grocery store that can...Ch. 4 - In Exercises 17, consider a grocery store that can...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- 3 (Sharpe-ratio) Suppose that X1, X2,..., is a lognormal geometric random walk with parameters (μ, o²). Specifically, suppose that X = Xo exp(rı + ...Tk), where Xo is a fixed constant and r1, T2, ... are IID N(μ, o²). Find the Sharpe-ratios of rk and log(Xk) — log(Xo) respectively, assuming the risk free return is 0.arrow_forwardi need help with question 2arrow_forward4 (Value-at-Risk and Expected Shortfall) Suppose X Find VaR0.02(X) and ES0.02 (X). ~ Uniform(-1, 1).arrow_forward
- 亚 ח Variables Name avgdr employ educ exerany Label AVG ALCOHOLIC DRINKS PER DAY IN PAST 30 EMPLOYMENT STATUS EDUCATION LEVEL EXERCISE IN PAST 30 DAYSarrow_forwardVariables Name wage hours IQ KWW educ exper tenure age married black south urban sibs brthord meduc feduc Label monthly earnings average weekly hours IQ score knowledge of world work score years of education years of work experience years with current employer age in years =1 if married =1 if black =1 if live in south =1 if live in SMSA number of siblings birth order mother's education father's educationarrow_forwardInformation for questions 4 • • Please Download "wages" from Canvas (the link to this dataset is right below the HWA1 questions - it is a Microsoft excel worksheet) and store it in your favorite folder. It contains 797 observations and 16 variables. The "state" variable gives the names of the states involved in this dataset. • You need to have excel on your computer to open this dataset. i. You should use File > Import > Excel Spreadsheet etc. as done in class 3 convert this file into a Stata dataset. Once you are done, write the final STATA code that makes the transformation of an excel file to a STATA file possible. ii. Write a code that will close the log file that has been open since Question 1 part ii.arrow_forward
- The mean, variance, skewness and kurtosis of a dataset are given as - Mean = 15, Variance = 20, SKewness = 1.5 and Kurtosis = 3.5 calculate the first four raw moments. (Note- Please include as much detailed solution/steps in the solution to understand, Thank you!)arrow_forwardWrite codes to perform the functions in each of these cases i. ii. Apply cd command to tell STATA the filepath associated with your "favorite folder" (use the same name for the favorite folder that we have been using in class) Apply log using command to tell stata that you are creating a log file to record the codes and the outcomes of these codes. Make sure your log file is called loghwa1_W25.smcl. Do not forget to include the replace option. iii. Get help for the "regress" command & include a screenshot of the outcome of this code iv. V. Open a stata file stored in STATA memory called pop2000.dta Continue from question iv. Save this file in your favorite folder (current working directory) using a different name & a replace optionarrow_forwardAre there any unusually high or low pH levels in this sample of wells?arrow_forward
- 0 n AM RIES s of of 10 m Frequency 40 Frequency 20 20 30 10 You make two histograms from two different data sets (see the following figures), each one containing 200 observations. Which of the histograms has a smaller spread: the first or the second? 40 30 20 10 0 20 40 60 0 20 20 40 60 60 80 80 100 80 100arrow_forwardTIP the aren't, the data are not sym 11 Suppose that the average salary at a certain company is $100,000, and the median salary is $40,000. a. What do these figures tell you about the shape of the histogram of salaries at this company? b. Which measure of center is more appro- priate here? c. Suppose that the company goes through a salary negotiation. How can people on each side use these summary statistics to their advantage? 6360 be 52 PART 1 Getting Off to a Statistically Significant Sarrow_forward12 Suppose that you know that a data set is skewed left, and you know that the two measures of center are 19 and 38. Which figure is the mean and which is the median?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License