Thinking Mathematically (7th Edition)
7th Edition
ISBN: 9780134683713
Author: Robert F. Blitzer
Publisher: PEARSON
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Textbook Question
Chapter 4.1, Problem 14E
In Exercises 9-22, write each Hindu-Arabic numeral in expanded form.
902
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Peggy conducted a study to identify the randomness of rainy days in fall. For 15 days, she recorded whether it rained that day or not. They denoted a rainy day with the letter R, a day without rain with the letter N.
R N N R R N N R R N N R R R R
Test the sequence for randomness. Use .
Consider the grades for the math and history exams for 10 students on a scale from 0 to 12 in the following table.
Student
Math
History
1
4
8
2
5
9
3
7
9
4
12
10
5
10
8
6
8
5
7
9
6
8
9
6
9
11
9
10
7
10
Compute the Spearman correlation coefficient. Round your answer to three decimal places.
Chapter 4 Solutions
Thinking Mathematically (7th Edition)
Ch. 4.1 - CHECK POINT 1 Write each of the following in...Ch. 4.1 - CHECK POINT 2 Express each expanded form as a...Ch. 4.1 - CHECK POINT 3 Write each Babylonian numeral as a...Ch. 4.1 - CHECK POINT 4 Write each Mayan numeral as a...Ch. 4.1 - Q.1. A number addresses the question “how many?” A...Ch. 4.1 - Q.2. Our number system is called the __________...Ch. 4.1 - Prob. 3CVCCh. 4.1 - Q.4. When we write 547 as, , we are using an...Ch. 4.1 - Prob. 5CVCCh. 4.1 - The Hindu Arabic numeration system uses power of...
Ch. 4.1 - Prob. 7CVCCh. 4.1 - Using ∨ for 1 and < for 10, the expanded from < ...Ch. 4.1 - Q.9. The place value in the Mayan numeration...Ch. 4.1 - Q.10.
= = .
...Ch. 4.1 - In Exercises 1-8, evaluate the expression.
1.
Ch. 4.1 - In Exercises 1-8, evaluate the expression.
2.
Ch. 4.1 - Prob. 3ECh. 4.1 - Prob. 4ECh. 4.1 - In Exercises 1-8, evaluate the expression. 3 4Ch. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - Prob. 8ECh. 4.1 - Prob. 9ECh. 4.1 - Prob. 10ECh. 4.1 - Prob. 11ECh. 4.1 - In Exercises 9-22, write each Hindu-Arabic numeral...Ch. 4.1 - In Exercises 9-22, write each Hindu-Arabic numeral...Ch. 4.1 - In Exercises 9-22, write each Hindu-Arabic numeral...Ch. 4.1 - Prob. 15ECh. 4.1 - Prob. 16ECh. 4.1 - In Exercises 9-22, write each Hindu-Arabic numeral...Ch. 4.1 - Prob. 18ECh. 4.1 - Prob. 19ECh. 4.1 - Prob. 20ECh. 4.1 - In Exercises 9-22, write each Hindu-Arabic numeral...Ch. 4.1 - In Exercises 9-22, write each Hindu-Arabic numeral...Ch. 4.1 - Prob. 23ECh. 4.1 - Prob. 24ECh. 4.1 - Prob. 25ECh. 4.1 - Prob. 26ECh. 4.1 - Prob. 27ECh. 4.1 - Prob. 28ECh. 4.1 - In Exercises 23-32, express each expanded form as...Ch. 4.1 - Prob. 30ECh. 4.1 - Prob. 31ECh. 4.1 - Prob. 32ECh. 4.1 - Prob. 33ECh. 4.1 - Prob. 34ECh. 4.1 - Prob. 35ECh. 4.1 - In Exercises 34-46, use Table 4.1 on page 215 to...Ch. 4.1 - In Exercises 34-46, use Table 4.1 on page 215 to...Ch. 4.1 - Prob. 38ECh. 4.1 - Prob. 39ECh. 4.1 - Prob. 40ECh. 4.1 - Prob. 41ECh. 4.1 - Prob. 42ECh. 4.1 - Prob. 43ECh. 4.1 - Prob. 44ECh. 4.1 - In Exercises 34-46, use Table 4.1 on page 215 to...Ch. 4.1 - Prob. 46ECh. 4.1 - In Exercises 47-60, use Table 4.2 on page 216 to...Ch. 4.1 - In Exercises 47-60, use Table 4.2 on page 216 to...Ch. 4.1 - Prob. 49ECh. 4.1 - Prob. 50ECh. 4.1 - Prob. 51ECh. 4.1 - In Exercises 47-60, use Table 4.2 on page 216 to...Ch. 4.1 - In Exercises 47-60, use Table 4.2 on page 216 to...Ch. 4.1 - In Exercises 47-60, use Table 4.2 on page 216 to...Ch. 4.1 - Prob. 55ECh. 4.1 - Prob. 56ECh. 4.1 - Prob. 57ECh. 4.1 - Prob. 58ECh. 4.1 - Prob. 59ECh. 4.1 - Prob. 60ECh. 4.1 - Prob. 61ECh. 4.1 - Prob. 62ECh. 4.1 - Prob. 63ECh. 4.1 - Prob. 64ECh. 4.1 - Prob. 65ECh. 4.1 - Prob. 66ECh. 4.1 - Prob. 67ECh. 4.1 - Prob. 68ECh. 4.1 - Prob. 69ECh. 4.1 - Prob. 70ECh. 4.1 - Prob. 71ECh. 4.1 - Prob. 72ECh. 4.1 - Prob. 73ECh. 4.1 - Prob. 74ECh. 4.1 - Prob. 75ECh. 4.1 - Prob. 76ECh. 4.1 - Prob. 77ECh. 4.1 - Prob. 78ECh. 4.1 - Prob. 79ECh. 4.1 - Prob. 80ECh. 4.1 - Prob. 81ECh. 4.1 - Explain how to write a Hindu-Arabic numeral in...Ch. 4.1 - 83. Describe one way that the Babylonian system is...Ch. 4.1 - 84. Describe one way that the Mayan system is...Ch. 4.1 - Research activity Write a report on the history of...Ch. 4.1 - Prob. 86ECh. 4.1 - Prob. 87ECh. 4.1 - Prob. 88ECh. 4.1 - Make Sense? In Exercises 86-89, determine whether...Ch. 4.1 - Prob. 90ECh. 4.1 - Prob. 91ECh. 4.1 - Use Babylonian numerals to write the numeral that...Ch. 4.2 - CHECK POINT 1 Convert to base ten.
Ch. 4.2 - CHECK POINT 2 Convert to base ten.
Ch. 4.2 - CHECK POINT 3 Convert to base ten.
Ch. 4.2 - CHECK POINT 4 Convert the base ten numeral 6 to a...Ch. 4.2 - CHECK POINT 5 Convert the base ten numeral 365 to...Ch. 4.2 - CHECK POINT 6 Convert the base ten numeral 51 to a...Ch. 4.2 - CHECK POINT 7 Convert the base ten numeral 2763 to...Ch. 4.2 - In the numeral 324 five , the base is _____. In...Ch. 4.2 - 324 five = ( 3 × _ _ ) + ( 2 × _ _ ) + ( 4 × _ _ )Ch. 4.2 - Prob. 3CVCCh. 4.2 - Prob. 4CVCCh. 4.2 - Prob. 5CVCCh. 4.2 - Fill in each blank so that the resulting statement...Ch. 4.2 - Prob. 7CVCCh. 4.2 - Prob. 1ECh. 4.2 - Prob. 2ECh. 4.2 - In Exercises 1-18, convert the numeral to a...Ch. 4.2 - Prob. 4ECh. 4.2 - Prob. 5ECh. 4.2 - Prob. 6ECh. 4.2 - Prob. 7ECh. 4.2 - Prob. 8ECh. 4.2 - Prob. 9ECh. 4.2 - Prob. 10ECh. 4.2 - Prob. 11ECh. 4.2 - Prob. 12ECh. 4.2 - Prob. 13ECh. 4.2 - Prob. 14ECh. 4.2 - Prob. 15ECh. 4.2 - Prob. 16ECh. 4.2 - Prob. 17ECh. 4.2 - Prob. 18ECh. 4.2 - Prob. 19ECh. 4.2 - Prob. 20ECh. 4.2 - Prob. 21ECh. 4.2 - Prob. 22ECh. 4.2 - Prob. 23ECh. 4.2 - Prob. 24ECh. 4.2 - Prob. 25ECh. 4.2 - In Exercises 19-32, mentally convert each base ten...Ch. 4.2 - Prob. 27ECh. 4.2 - Prob. 28ECh. 4.2 - Prob. 29ECh. 4.2 - Prob. 30ECh. 4.2 - Prob. 31ECh. 4.2 - Prob. 32ECh. 4.2 - Prob. 33ECh. 4.2 - Prob. 34ECh. 4.2 - Prob. 35ECh. 4.2 - Prob. 36ECh. 4.2 - Prob. 37ECh. 4.2 - Prob. 38ECh. 4.2 - Prob. 39ECh. 4.2 - Prob. 40ECh. 4.2 - Prob. 41ECh. 4.2 - Prob. 42ECh. 4.2 - Prob. 43ECh. 4.2 - Prob. 44ECh. 4.2 - In Exercises 33-48, convert each base ten numeral...Ch. 4.2 - Prob. 46ECh. 4.2 - Prob. 47ECh. 4.2 - Prob. 48ECh. 4.2 - Prob. 49ECh. 4.2 - Prob. 50ECh. 4.2 - In Exercises 49-52, use Table 4.1 on page 215 to...Ch. 4.2 - Prob. 52ECh. 4.2 - Prob. 53ECh. 4.2 - In Exercises 53-56, use Table 4.2 on page 216 to...Ch. 4.2 - Prob. 55ECh. 4.2 - Prob. 56ECh. 4.2 - Prob. 57ECh. 4.2 - Prob. 58ECh. 4.2 - 59. Convert to base eight.
Ch. 4.2 - Prob. 60ECh. 4.2 - Prob. 61ECh. 4.2 - Prob. 62ECh. 4.2 - Prob. 63ECh. 4.2 - Prob. 64ECh. 4.2 - Read the Blitzer Bonus on page 222. Then use the...Ch. 4.2 - Prob. 66ECh. 4.2 - Prob. 67ECh. 4.2 - Prob. 68ECh. 4.2 - Prob. 69ECh. 4.2 - Prob. 70ECh. 4.2 - Prob. 71ECh. 4.2 - Prob. 72ECh. 4.2 - Make Sense? In Exercises 73-76, determine whether...Ch. 4.2 - Prob. 74ECh. 4.2 - Prob. 75ECh. 4.2 - Prob. 76ECh. 4.2 - In Exercises 77-78, write, in the indicated base,...Ch. 4.2 - Prob. 78ECh. 4.2 - Prob. 79ECh. 4.2 - Prob. 80ECh. 4.2 - Prob. 81ECh. 4.2 - Prob. 82ECh. 4.2 - The following topics are appropriate for either...Ch. 4.2 - The following topics are appropriate for either...Ch. 4.3 - CHECK POINT 1 Add: 32 five + 44 five . _Ch. 4.3 - Prob. 2CPCh. 4.3 - Prob. 3CPCh. 4.3 - Prob. 4CPCh. 4.3 - Prob. 5CPCh. 4.3 - Prob. 6CPCh. 4.3 - Prob. 1CVCCh. 4.3 - Prob. 2CVCCh. 4.3 - Consider the following addition in base eight: ...Ch. 4.3 - Prob. 4CVCCh. 4.3 - Prob. 5CVCCh. 4.3 - 6. We can use products in base three to perform...Ch. 4.3 - 7. True or False: Computation in bases other than...Ch. 4.3 - Prob. 1ECh. 4.3 - Prob. 2ECh. 4.3 - Prob. 3ECh. 4.3 - Prob. 4ECh. 4.3 - 342 five + 413 five _Ch. 4.3 - Prob. 6ECh. 4.3 - In Exercises 1-12, add in the indicated base. 645...Ch. 4.3 - In Exercises 1-12, add in the indicated base. 632...Ch. 4.3 - In Exercises 1-12, add in the indicated base. 6784...Ch. 4.3 - In Exercises 1-12, add in the indicated base.
10....Ch. 4.3 - In Exercises 1-12, add in the indicated base....Ch. 4.3 - In Exercises 1-12, add in the indicated base. 53 B...Ch. 4.3 - Prob. 13ECh. 4.3 - Prob. 14ECh. 4.3 - Prob. 15ECh. 4.3 - Prob. 16ECh. 4.3 - 475 eight − 267 eight _ _ _ _ _ _ _ _ _ _ _ _ _ _...Ch. 4.3 - In Exercises 13-24, subtract in the indicated...Ch. 4.3 - Prob. 19ECh. 4.3 - Prob. 20ECh. 4.3 - Prob. 21ECh. 4.3 - Prob. 22ECh. 4.3 - Prob. 23ECh. 4.3 - Prob. 24ECh. 4.3 - In Exercises 25-34, multiply in the indicated...Ch. 4.3 - Prob. 26ECh. 4.3 - Prob. 27ECh. 4.3 - Prob. 28ECh. 4.3 - In Exercises 25-34, multiply in the indicated...Ch. 4.3 - Prob. 30ECh. 4.3 - In Exercises 25-34, multiply in the indicated...Ch. 4.3 - In Exercises 25-34, multiply in the indicated...Ch. 4.3 - In Exercises 25-34, multiply in the indicated...Ch. 4.3 - Prob. 34ECh. 4.3 - Prob. 35ECh. 4.3 - In Exercises 35-38, use the multiplication tables...Ch. 4.3 - In Exercises 35-38, use the multiplication tables...Ch. 4.3 - Prob. 38ECh. 4.3 - Prob. 39ECh. 4.3 - In Exercises 39-46, perform the indicated...Ch. 4.3 - Prob. 41ECh. 4.3 - Prob. 42ECh. 4.3 - Prob. 43ECh. 4.3 - Prob. 44ECh. 4.3 - Prob. 45ECh. 4.3 - Prob. 46ECh. 4.3 - Read the Blitzer Bonus on page 233. Then use the...Ch. 4.3 - Prob. 48ECh. 4.3 - Prob. 49ECh. 4.3 - Prob. 50ECh. 4.3 - Prob. 51ECh. 4.3 - Prob. 52ECh. 4.3 - Prob. 53ECh. 4.3 - Prob. 54ECh. 4.3 - Prob. 55ECh. 4.3 - 56. Describe two difficulties that youngsters...Ch. 4.3 - Make Sense? In Exercises 57-60, determine whether...Ch. 4.3 - Make Sense? In Exercises 57-60, determine whether...Ch. 4.3 - Make Sense? In Exercises 57-60, determine whether...Ch. 4.3 - Make Sense? In Exercises 57-60, determine whether...Ch. 4.3 - Prob. 61ECh. 4.3 - Prob. 62ECh. 4.3 - Divide: 31 seven 2426 seven .Ch. 4.3 - 64. Use the Mayan numerals in Table 4.2 on page...Ch. 4.3 - Group members should research various methods that...Ch. 4.3 - 66. Organize a debate. One side represents people...Ch. 4.4 - CHECK POINT 1 Write the following numeral as a...Ch. 4.4 - CHECK POINT 2 Write 2563 as an Egyptian numeral.
Ch. 4.4 - Prob. 3CPCh. 4.4 - CHECK POINT 4 Write MCDXLVII as a Hindu-Arabic...Ch. 4.4 - Prob. 5CPCh. 4.4 - Prob. 6CPCh. 4.4 - Prob. 7CPCh. 4.4 - Prob. 1CVCCh. 4.4 - Prob. 2CVCCh. 4.4 - True or False: Like the system in Exercises 1-2,...Ch. 4.4 - Exercises 4-7 involve Roman numerals. Roman...Ch. 4.4 - Prob. 5CVCCh. 4.4 - Prob. 6CVCCh. 4.4 - Exercises 4-7 involve Roman numerals. Roman...Ch. 4.4 - Prob. 8CVCCh. 4.4 - Prob. 9CVCCh. 4.4 - Prob. 10CVCCh. 4.4 - Prob. 11CVCCh. 4.4 - Fill in the blank so that the resulting statement...Ch. 4.4 - Use Table 4.6 on page 236 to solve Exercises 1-12....Ch. 4.4 - Prob. 2ECh. 4.4 - Prob. 3ECh. 4.4 - Prob. 4ECh. 4.4 - Prob. 5ECh. 4.4 - Prob. 6ECh. 4.4 - Prob. 7ECh. 4.4 - Prob. 8ECh. 4.4 - Prob. 9ECh. 4.4 - Prob. 10ECh. 4.4 - Prob. 11ECh. 4.4 - Prob. 12ECh. 4.4 - Prob. 13ECh. 4.4 - Prob. 14ECh. 4.4 - Prob. 15ECh. 4.4 - Prob. 16ECh. 4.4 - Prob. 17ECh. 4.4 - Prob. 18ECh. 4.4 - Prob. 19ECh. 4.4 - Prob. 20ECh. 4.4 - Prob. 21ECh. 4.4 - Prob. 22ECh. 4.4 - Prob. 23ECh. 4.4 - Prob. 24ECh. 4.4 - Prob. 25ECh. 4.4 - In Exercises 13-28, write each Roman numeral as a...Ch. 4.4 - Prob. 27ECh. 4.4 - Prob. 28ECh. 4.4 - Prob. 29ECh. 4.4 - Prob. 30ECh. 4.4 - Prob. 31ECh. 4.4 - Prob. 32ECh. 4.4 - Prob. 33ECh. 4.4 - In Exercise 29-36, write each Hindu-Arabic numeral...Ch. 4.4 - Prob. 35ECh. 4.4 - Prob. 36ECh. 4.4 - Prob. 37ECh. 4.4 - Prob. 38ECh. 4.4 - Prob. 39ECh. 4.4 - Prob. 40ECh. 4.4 - Prob. 41ECh. 4.4 - Prob. 42ECh. 4.4 - Prob. 43ECh. 4.4 - Prob. 44ECh. 4.4 - Prob. 45ECh. 4.4 - In Exercises 43-48, write each Hindu-Arabic...Ch. 4.4 - Prob. 47ECh. 4.4 - Prob. 48ECh. 4.4 - Prob. 49ECh. 4.4 - In Exercises 49-52, write each Ionic Greek numeral...Ch. 4.4 - Prob. 51ECh. 4.4 - Prob. 52ECh. 4.4 - Prob. 53ECh. 4.4 - Prob. 54ECh. 4.4 - Prob. 55ECh. 4.4 - Prob. 56ECh. 4.4 - Prob. 57ECh. 4.4 - Prob. 58ECh. 4.4 - Prob. 59ECh. 4.4 - Prob. 60ECh. 4.4 - Prob. 61ECh. 4.4 - Prob. 62ECh. 4.4 - Prob. 63ECh. 4.4 - Prob. 64ECh. 4.4 - Prob. 65ECh. 4.4 - Prob. 66ECh. 4.4 - Prob. 67ECh. 4.4 - Prob. 68ECh. 4.4 - Prob. 69ECh. 4.4 - Prob. 70ECh. 4.4 - Describe how a number is represented in the...Ch. 4.4 - Prob. 72ECh. 4.4 - Prob. 73ECh. 4.4 - Prob. 74ECh. 4.4 - Prob. 75ECh. 4.4 - Prob. 76ECh. 4.4 - Prob. 77ECh. 4.4 - Make Sense? In Exercises 76-79, determine whether...Ch. 4.4 - Make Sense? In Exercises 76-79, determine whether...Ch. 4.4 - Prob. 80ECh. 4.4 - Prob. 81ECh. 4.4 - Prob. 82ECh. 4.4 - Prob. 83ECh. 4.4 - Prob. 84ECh. 4.4 - Prob. 85ECh. 4.4 - Prob. 86ECh. 4.4 - Prob. 87ECh. 4 - In Exercises 1-2, evaluate the expression 11 2Ch. 4 - Prob. 2RECh. 4 - Prob. 3RECh. 4 - Prob. 4RECh. 4 - Prob. 5RECh. 4 - Prob. 6RECh. 4 - Prob. 7RECh. 4 - Prob. 8RECh. 4 - Prob. 9RECh. 4 - Prob. 10RECh. 4 - Prob. 11RECh. 4 - Prob. 12RECh. 4 - Prob. 13RECh. 4 - Prob. 14RECh. 4 - Prob. 15RECh. 4 - In Exercises 13-18, convert the numeral to a...Ch. 4 - Prob. 17RECh. 4 - Prob. 18RECh. 4 - Prob. 19RECh. 4 - Prob. 20RECh. 4 - Prob. 21RECh. 4 - Prob. 22RECh. 4 - Prob. 23RECh. 4 - Prob. 24RECh. 4 - In Exercises 25-28, add in the indicated base.
25....Ch. 4 - In Exercises 25-28, add in the indicated base.
26....Ch. 4 - Prob. 27RECh. 4 - Prob. 28RECh. 4 - Prob. 29RECh. 4 - Prob. 30RECh. 4 - Prob. 31RECh. 4 - In Exercises 29-32, subtract in the indicated...Ch. 4 - Prob. 33RECh. 4 - Prob. 34RECh. 4 - Prob. 35RECh. 4 - Prob. 36RECh. 4 - Prob. 37RECh. 4 - Prob. 38RECh. 4 - Prob. 39RECh. 4 - Prob. 40RECh. 4 - Prob. 41RECh. 4 - Prob. 42RECh. 4 - Prob. 43RECh. 4 - 44. Describe how the Egyptian system or the system...Ch. 4 - Prob. 45RECh. 4 - Prob. 46RECh. 4 - Prob. 47RECh. 4 - Prob. 48RECh. 4 - Prob. 49RECh. 4 - Prob. 50RECh. 4 - Prob. 51RECh. 4 - Use Table 4.8 on page 239 to solve Exercises...Ch. 4 - Prob. 53RECh. 4 - Prob. 54RECh. 4 - Prob. 55RECh. 4 - Prob. 56RECh. 4 - Prob. 57RECh. 4 - Prob. 58RECh. 4 - Describe how the Chinese system or the system in...Ch. 4 - Prob. 60RECh. 4 - Prob. 61RECh. 4 - In Exercises 62-63, write each Hindu-Arabic...Ch. 4 - In Exercises 62-63, write each Hindu-Arabic...Ch. 4 - Prob. 64RECh. 4 - Prob. 65RECh. 4 - Prob. 66RECh. 4 - Prob. 67RECh. 4 - Prob. 68RECh. 4 - Prob. 69RECh. 4 - Prob. 1TCh. 4 - Prob. 2TCh. 4 - Prob. 3TCh. 4 - 4. Express as a Hindu-Arabic numeral:
Ch. 4 - Prob. 5TCh. 4 - Prob. 6TCh. 4 - 7. Explain why a symbol for zero is needed in a...Ch. 4 - Prob. 8TCh. 4 - 9. Place values in the Mayan system are
Use the...Ch. 4 - In Exercises 10-12, convert the numeral to a...Ch. 4 - In Exercises 10-12, convert the numeral to a...Ch. 4 - In Exercises 10-12, convert the numeral to a...Ch. 4 - In Exercises 13-15, convert each base ten numeral...Ch. 4 - In Exercises 13-15, convert each base ten numeral...Ch. 4 - In Exercises 13-15, convert each base ten numeral...Ch. 4 - Prob. 16TCh. 4 - In Exercises 16-18, perform the indicated...Ch. 4 - In Exercises 16-18, perform the indicated...Ch. 4 - Prob. 19TCh. 4 - Prob. 20TCh. 4 - Use the symbols in the table shown below to solve...Ch. 4 - Prob. 22TCh. 4 - Use the symbols in the table shown below to solve...Ch. 4 - Prob. 24T
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- A data processing company has a training program for new salespeople. After completing the training program, each trainee is ranked by his or her instructor. After a year of sales, the same class of trainees is again ranked by a company supervisor according to net value of the contracts they have acquired for the company. The results for a random sample of 11 salespeople trained in the last year follow, where x is rank in training class and y is rank in sales after 1 year. Lower ranks mean higher standing in class and higher net sales. Person 1 2 3 4 5 6 x rank 8 11 2 4 5 3 y rank 7 10 1 3 2 4 Person 7 8 9 10 11 x rank 7 9 10 1 6 y rank 8 11 9 6 5 Using a 1% level of significance, test the claim that the relation between x and y is monotone (either increasing or decreasing). Verify that the Spearman rank correlation coefficient . This implies that the P-value lies between 0.002 and 0.01. State…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. 34.4 27.1 30.8 28.0 32.2 27.6 32.8 25.2 31.4 33.5 24.7 28.4 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 ABABABABAABB. Test the sequence for randomness about the median with a 5% level of significance. Verify that the number of runs is 10. What is the upper critical value c2? 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. 34.4 27.1 30.8 28.0 32.2 27.6 32.8 25.2 31.4 33.5 24.7 28.4 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 ABABABABAABB. Test the sequence for randomness about the median with a 5% level of significance. Verify that the number of runs is 10. What is the upper critical value c2?arrow_forward
- 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
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