Basic Business Statistics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780321946393
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
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Chapter 4, Problem 37PS
A municipal bond service has three rating categories (A, B, and C). Suppose that in the past year, of the municipal bonds issued throughout the United States, 70% were rated A, 20% were rated B, and 10% were rated C. Of the municipal bonds rated A, 50% were issued by cities, 40% by suburbs, and 10% by rural areas. Of the municipal bonds rated B, 60% were issued by cities, 20% by suburbs, and 20% by rural areas. Of the municipal bonds rated C, 90% were issued by cities, 5% by suburbs, and 5% by rural areas.
a. If a new municipal bond is to be issued by a city, what is the
b. What proportion of municipal bonds are issued by cities?
c. What proportion of municipal bond are issued by suburbs?
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A municipal bond services has three rating categories (A,B,C). Suppose that in the past year, of the municipal bonds issues throughout the United States, 70% were rated A, 20% were rated B, and 10% were rated C. Of the municipal bonds rated A, 50% were issued by cities,40% by suburbs, and 10% by rural areas. Of the municipal bonds rated B, 60% were issued by cities, 20% by suburbs, and 20% by rural areas. Of the municipal bonds rated C, 90% were issued by cities, 5% by suburbs, and 5% by rural areas.
If a new municipal bond is to be issued by a city, what is the probability that it will receive an A rating?
What proportion of municipal bonds are issued by cities?
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a municipal bond service has three rating categories (A, B, C) Suppose that in the past year, of the municipal bonds issued throughout the United states. 70% were rated A.20% were rated B, and 10% were rated, C. of the municipal bonds rated A. 50% were issued by cities 40% by suburbs and 10% by rural areas. of the municipal bonds rated B. 60% were issued by cities 20% by suburbs, and 20% by rural areas. if the municipal bonds rated C 905 were issued by cities 5% by suburbs and 5% by rural areas
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Chapter 4 Solutions
Basic Business Statistics, Student Value Edition (13th Edition)
Ch. 4 - Three coins are tossed. a. Give an example of a...Ch. 4 - An urn contain 12 red balls and 8 white balls. One...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - For each of the following, indicate whether the...Ch. 4 - For each of the following, state whether the...Ch. 4 - Prob. 7PSCh. 4 - Do males or females feel more tense or stressed...Ch. 4 - Prob. 9PSCh. 4 - How will marketers change their social media use...
Ch. 4 - Referring to the contingency table in Problem...Ch. 4 - Prob. 12PSCh. 4 - Prob. 13PSCh. 4 - Prob. 14PSCh. 4 - Each year ratings are compiled concerning the...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - If P(AandB)=0.4andP(B)=0.8,findP(AB).Ch. 4 - Prob. 19PSCh. 4 - ...Ch. 4 - Do males or females feel more tense or stressed...Ch. 4 - Prob. 22PSCh. 4 - Prob. 23PSCh. 4 - Prob. 24PSCh. 4 - Prob. 25PSCh. 4 - Each year, rating are compiled concerning the...Ch. 4 - Prob. 27PSCh. 4 - A standard deck of cards is being used to play a...Ch. 4 - Prob. 29PSCh. 4 - ...Ch. 4 - ...Ch. 4 - In Example 4.10 to suppose that the probability...Ch. 4 - Prob. 33PSCh. 4 - Olive Construction Company is determining whether...Ch. 4 - Prob. 35PSCh. 4 - The editor of a textbook published company is...Ch. 4 - A municipal bond service has three rating...Ch. 4 - If there are 10 multiple-choice question on an...Ch. 4 - A lock on a bank vault consists of three dials,...Ch. 4 - a. If a coin is tossed seven times, how many...Ch. 4 - A particular brand of women’s jeans is available...Ch. 4 - Prob. 42PSCh. 4 - Prob. 43PSCh. 4 - Prob. 44PSCh. 4 - Referring to Problem 4.44 how many different...Ch. 4 - A gardener has six rows available in his vegetable...Ch. 4 - Prob. 47PSCh. 4 - Four member of a group of 10 people are to be...Ch. 4 - A student has seven books that she would like to...Ch. 4 - A daily lottery is conducted in which 2 winning...Ch. 4 - Prob. 51PSCh. 4 - What are the differences between a priori...Ch. 4 - What is the difference between a simple event and...Ch. 4 - How can you use the general addition rule to find...Ch. 4 - What is the difference between mutually exclusive...Ch. 4 - How does conditional probability relate to the...Ch. 4 - How does the multiplication rule differ for events...Ch. 4 - How can you use Bayes theorem in light of new...Ch. 4 - In Bayes’ theorem, how does the prior...Ch. 4 - A survey by the Health Research Institute at...Ch. 4 - SHL Americas provides a unique, global perspective...Ch. 4 - Prob. 62PSCh. 4 - Prob. 63PSCh. 4 - Prob. 64PSCh. 4 - Prob. 65PS
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