Introduction to Statistics and Data Analysis
5th Edition
ISBN: 9781305115347
Author: Roxy Peck; Chris Olsen; Jay L. Devore
Publisher: Brooks Cole
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Chapter 4.1, Problem 11E
Houses in California are expensive, especially on the Central Coast where the air is clear, the ocean is blue, and the scenery is stunning. The
The article included two quotes from people attempting to explain why the median price had increased. Richard Watkins, chairman of the Central Coast Regional Multiple Listing Services was quoted as saying, “There have been some fairly expensive houses selling, which pulls the median up.”
Robert Kleinhenz, deputy chief economist for the California Association of Realtors explained the volatility of house prices by stating: “Fewer sales means a relatively small number of very high or very low home prices can more easily skew medians.”
Are either of these statements correct? For each statement that is incorrect, explain why it is incorrect and propose a new wording that would correct any errors in the statement.
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We consider the one-period model studied in class as an example. Namely, we assumethat the current stock price is S0 = 10. At time T, the stock has either moved up toSt = 12 (with probability p = 0.6) or down towards St = 8 (with probability 1−p = 0.4).We consider a call option on this stock with maturity T and strike price K = 10. Theinterest rate on the money market is zero.As in class, we assume that you, as a customer, are willing to buy the call option on100 shares of stock for $120. The investor, who sold you the option, can adopt one of thefollowing strategies: Strategy 1: (seen in class) Buy 50 shares of stock and borrow $380. Strategy 2: Buy 55 shares of stock and borrow $430. Strategy 3: Buy 60 shares of stock and borrow $480. Strategy 4: Buy 40 shares of stock and borrow $280.(a) For each of strategies 2-4, describe the value of the investor’s portfolio at time 0,and at time T for each possible movement of the stock.(b) For each of strategies 2-4, does the investor have…
Negate the following compound statement using De Morgans's laws.
Chapter 4 Solutions
Introduction to Statistics and Data Analysis
Ch. 4.1 - The Insurance Institute for Highway Safety...Ch. 4.1 - The article Caffeine Content of Drinks...Ch. 4.1 - Consumer Reports Health...Ch. 4.1 - Consumer Reports Health...Ch. 4.1 - Prob. 5ECh. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - Each student in a sample of 20 seniors at a...Ch. 4.1 - Prob. 9ECh. 4.1 - The ministry of Health and Long-Term Care in...
Ch. 4.1 - Houses in California are expensive, especially on...Ch. 4.1 - Consider the following statement: More than 65% of...Ch. 4.1 - A sample consisting of four pieces of luggage was...Ch. 4.1 - Suppose that 10 patients with meningitis received...Ch. 4.1 - A study of the lifetime (in hours) for a certain...Ch. 4.1 - An instructor has graded 19 exam papers submitted...Ch. 4.2 - The following data are costs (in cents) per ounce...Ch. 4.2 - Cost per serving (in cents) for six high-fiber...Ch. 4.2 - Combining the cost-per-serving data for high-fiber...Ch. 4.2 - Prob. 20ECh. 4.2 - The accompanying data are consistent with summary...Ch. 4.2 - The paper referenced in the previous exercise also...Ch. 4.2 - Prob. 23ECh. 4.2 - Prob. 24ECh. 4.2 - The accompanying data on number of minutes used...Ch. 4.2 - Give two sets of five numbers that have the same...Ch. 4.2 - Prob. 27ECh. 4.2 - The U.S. Department of Transportation reported the...Ch. 4.2 - The Ministry of Health and Long-Term Care in...Ch. 4.2 - In 1997, a woman sued a computer keyboard...Ch. 4.2 - The standard deviation alone does not measure...Ch. 4.3 - Based on a large national sample of working...Ch. 4.3 - Prob. 33ECh. 4.3 - Prob. 34ECh. 4.3 - Prob. 35ECh. 4.3 - Fiber content (in grams per serving) and sugar...Ch. 4.3 - Shown here are the number of auto accidents per...Ch. 4.4 - The average playing time of music albums in a...Ch. 4.4 - In a study investigating the effect of car speed...Ch. 4.4 - Prob. 40ECh. 4.4 - Mobile homes are tightly constructed for energy...Ch. 4.4 - Prob. 42ECh. 4.4 - A student took two national aptitude tests. The...Ch. 4.4 - Suppose that your younger sister is applying for...Ch. 4.4 - The report Who Borrows Most? Bachelors Degree...Ch. 4.4 - Prob. 46ECh. 4.4 - Prob. 47ECh. 4.4 - Suppose that your statistics professor returned...Ch. 4.4 - Prob. 49ECh. 4.4 - Suppose that the average reading speed of students...Ch. 4.4 - Prob. 51ECh. 4.4 - The accompanying table gives the mean and standard...Ch. 4.5 - The authors of the paper Delayed Time to...Ch. 4.5 - The paper Portable Social Groups: Willingness to...Ch. 4 - Prob. 55CRCh. 4 - Prob. 56CRCh. 4 - Prob. 57CRCh. 4 - Prob. 58CRCh. 4 - Because some homes have selling prices that are...Ch. 4 - Although bats are not known for their eyesight,...Ch. 4 - Prob. 61CRCh. 4 - Prob. 62CRCh. 4 - Prob. 63CRCh. 4 - Prob. 64CRCh. 4 - Prob. 65CRCh. 4 - Prob. 66CRCh. 4 - Prob. 67CRCh. 4 - Prob. 68CRCh. 4 - Prob. 69CRCh. 4 - Prob. 70CRCh. 4 - Prob. 71CRCh. 4 - Age at diagnosis for each of 20 patients under...Ch. 4 - Suppose that the distribution of scores on an exam...
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- Negate the following compound statement using De Morgans's laws.arrow_forwardQuestion 6: Negate the following compound statements, using De Morgan's laws. A) If Alberta was under water entirely then there should be no fossil of mammals.arrow_forwardNegate the following compound statement using De Morgans's laws.arrow_forward
- Characterize (with proof) all connected graphs that contain no even cycles in terms oftheir blocks.arrow_forwardLet G be a connected graph that does not have P4 or C3 as an induced subgraph (i.e.,G is P4, C3 free). Prove that G is a complete bipartite grapharrow_forwardProve sufficiency of the condition for a graph to be bipartite that is, prove that if G hasno odd cycles then G is bipartite as follows:Assume that the statement is false and that G is an edge minimal counterexample. That is, Gsatisfies the conditions and is not bipartite but G − e is bipartite for any edge e. (Note thatthis is essentially induction, just using different terminology.) What does minimality say aboutconnectivity of G? Can G − e be disconnected? Explain why if there is an edge between twovertices in the same part of a bipartition of G − e then there is an odd cyclearrow_forward
- Let G be a connected graph that does not have P4 or C4 as an induced subgraph (i.e.,G is P4, C4 free). Prove that G has a vertex adjacent to all othersarrow_forwardWe consider a one-period market with the following properties: the current stock priceis S0 = 4. At time T = 1 year, the stock has either moved up to S1 = 8 (with probability0.7) or down towards S1 = 2 (with probability 0.3). We consider a call option on thisstock with maturity T = 1 and strike price K = 5. The interest rate on the money marketis 25% yearly.(a) Find the replicating portfolio (φ, ψ) corresponding to this call option.(b) Find the risk-neutral (no-arbitrage) price of this call option.(c) We now consider a put option with maturity T = 1 and strike price K = 3 onthe same market. Find the risk-neutral price of this put option. Reminder: A putoption gives you the right to sell the stock for the strike price K.1(d) An investor with initial capital X0 = 0 wants to invest on this market. He buysα shares of the stock (or sells them if α is negative) and buys β call options (orsells them is β is negative). He invests the cash balance on the money market (orborrows if the amount is…arrow_forwardDetermine if the two statements are equivalent using a truth tablearrow_forward
- Question 4: Determine if pair of statements A and B are equivalent or not, using truth table. A. (~qp)^~q в. р л~9arrow_forwardDetermine if the two statements are equalivalent using a truth tablearrow_forwardQuestion 3: p and q represent the following simple statements. p: Calgary is the capital of Alberta. A) Determine the value of each simple statement p and q. B) Then, without truth table, determine the va q: Alberta is a province of Canada. for each following compound statement below. pvq р^~q ~рл~q ~q→ p ~P~q Pq b~ (d~ ← b~) d~ (b~ v d) 0 4arrow_forward
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