
Elementary Statistics: A Step-by-Step Approach with Formula Card
9th Edition
ISBN: 9780078136337
Author: Allan G. Bluman
Publisher: McGraw-Hill Education
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Question
Chapter 4.1, Problem 25E
a.
To determine
To obtain: The
b.
To determine
To obtain: The probability of all girls or all boys.
c.
To determine
To obtain: The probability of exactly two boys or two girls.
d.
To determine
To obtain: The probability of at least one child of each gender.
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Students have asked these similar questions
Problem 3. Pricing a multi-stock option the Margrabe formula
The purpose of this problem is to price a swap option in a 2-stock model, similarly as
what we did in the example in the lectures. We consider a two-dimensional Brownian
motion given by W₁ = (W(¹), W(2)) on a probability space (Q, F,P). Two stock prices
are modeled by the following equations:
dX
=
dY₁ =
X₁ (rdt+
rdt+0₁dW!)
(²)),
Y₁ (rdt+dW+0zdW!"),
with Xo
xo and Yo =yo. This corresponds to the multi-stock model studied in class,
but with notation (X+, Y₁) instead of (S(1), S(2)). Given the model above, the measure
P is already the risk-neutral measure (Both stocks have rate of return r). We write
σ = 0₁+0%. We consider a swap option, which gives you the right, at time T, to
exchange one share of X for one share of Y. That is, the option has payoff
F=(Yr-XT).
(a) We first assume that r = 0 (for questions (a)-(f)). Write an explicit expression for
the process Xt.
Reminder before proceeding to question (b): Girsanov's theorem…
Problem 1. Multi-stock model
We consider a 2-stock model similar to the one studied in class. Namely, we consider
=
S(1)
S(2)
=
S(¹) exp (σ1B(1) + (M1 - 0/1 )
S(²) exp (02B(2) + (H₂-
M2
where (B(¹) ) +20 and (B(2) ) +≥o are two Brownian motions, with
t≥0
Cov (B(¹), B(2)) = p min{t, s}.
"
The purpose of this problem is to prove that there indeed exists a 2-dimensional Brownian
motion (W+)+20 (W(1), W(2))+20 such that
=
S(1)
S(2)
=
=
S(¹) exp (011W(¹) + (μ₁ - 01/1) t)
롱)
S(²) exp (021W (1) + 022W(2) + (112 - 03/01/12) t).
where σ11, 21, 22 are constants to be determined (as functions of σ1, σ2, p).
Hint: The constants will follow the formulas developed in the lectures.
(a) To show existence of (Ŵ+), first write the expression for both W. (¹) and W (2)
functions of (B(1), B(²)).
as
(b) Using the formulas obtained in (a), show that the process (WA) is actually a 2-
dimensional standard Brownian motion (i.e. show that each component is normal,
with mean 0, variance t, and that their…
The scores of 8 students on the midterm exam and final exam were as follows.
Student
Midterm
Final
Anderson
98
89
Bailey
88
74
Cruz
87
97
DeSana
85
79
Erickson
85
94
Francis
83
71
Gray
74
98
Harris
70
91
Find the value of the (Spearman's) rank correlation coefficient test statistic that would be used to test the claim of no correlation between midterm score and final exam score. Round your answer to 3 places after the decimal point, if necessary.
Test statistic: rs =
Chapter 4 Solutions
Elementary Statistics: A Step-by-Step Approach with Formula Card
Ch. 4.1 - Tossing a Coin Assume you are at a carnival and...Ch. 4.1 - What is a probability experiment?Ch. 4.1 - Define sample space.Ch. 4.1 - What is the difference between an outcome and an...Ch. 4.1 - What are equally likely events?Ch. 4.1 - What is the range of the values of the probability...Ch. 4.1 - When an event is certain to occur, what is its...Ch. 4.1 - If an event cannot happen, what value is assigned...Ch. 4.1 - What is the sum of the probabilities of all the...Ch. 4.1 - If the probability that it will rain tomorrow is...
Ch. 4.1 - A probability experiment is conducted. Which of...Ch. 4.1 - Classify each statement as an example of classical...Ch. 4.1 - Classify each statement as an example of classical...Ch. 4.1 - Prob. 13ECh. 4.1 - Rolling a Die If a die is rolled one time, find...Ch. 4.1 - Prob. 15ECh. 4.1 - Rolling Two Dice If two dice are rolled one time,...Ch. 4.1 - Prob. 17ECh. 4.1 - Drawing a Card If a card is drawn from a deck,...Ch. 4.1 - Shopping Mall Promotion A shopping mall has set up...Ch. 4.1 - Selecting a State Choose one of the 50 states at...Ch. 4.1 - Human Blood Types Human blood is grouped into four...Ch. 4.1 - Prob. 22ECh. 4.1 - Prob. 23ECh. 4.1 - Rural Speed Limits Rural speed limits for all 50...Ch. 4.1 - Prob. 25ECh. 4.1 - Sources of Energy Uses in the United States A...Ch. 4.1 - Prob. 27ECh. 4.1 - Computers in Elementary Schools Elementary and...Ch. 4.1 - College Debt The following information shows the...Ch. 4.1 - Population of Hawaii The population of Hawaii is...Ch. 4.1 - Prob. 31ECh. 4.1 - Living Arrangements for Children Here are the...Ch. 4.1 - Prob. 33ECh. 4.1 - Federal Government Revenue The source of federal...Ch. 4.1 - Selecting a Bill A box contains a 1 bill, a 5...Ch. 4.1 - Tossing Coins Draw a tree diagram and determine...Ch. 4.1 - Prob. 37ECh. 4.1 - Family Dinner Combinations A family special at a...Ch. 4.1 - Prob. 39ECh. 4.1 - Prob. 40ECh. 4.1 - Distribution of CEO Ages The distribution of ages...Ch. 4.1 - Tossing a Coin A person flipped a coin 100 times...Ch. 4.1 - Medical Treatment A medical doctor stated that...Ch. 4.1 - Wheel Spinner The wheel spinner shown here is spun...Ch. 4.1 - Tossing Coins Toss three coins 128 times and...Ch. 4.1 - Applying the Concepts 41 Tossing a Coin Assume you...Ch. 4.1 - Odds Odds are used in gambling games to make them...Ch. 4.2 - Applying the Concepts 42 Which Pain Reliever Is...Ch. 4.2 - Define mutually exclusive events, and give an...Ch. 4.2 - Explain briefly why addition rule 2 can be used...Ch. 4.2 - Prob. 3ECh. 4.2 - Determine whether these events are mutually...Ch. 4.2 - College Degrees Awarded The table below represents...Ch. 4.2 - Riding to School The probability that John will...Ch. 4.2 - Medical Specialities The following doctors were...Ch. 4.2 - U.S. Population The data show the U.S. population...Ch. 4.2 - Prob. 9ECh. 4.2 - Selecting a Movie A media rental store rented the...Ch. 4.2 - Prob. 11ECh. 4.2 - Selecting a Book At a used-book sale, 100 books...Ch. 4.2 - Young Adult Residences According to the Bureau of...Ch. 4.2 - Endangered Species The chart below shows the...Ch. 4.2 - Multiple Births The number of multiple births in...Ch. 4.2 - Licensed Drivers in the United States In a recent...Ch. 4.2 - Prob. 17ECh. 4.2 - Mail Delivery A local postal carrier distributes...Ch. 4.2 - Medical Tests on Emergency Patients The frequency...Ch. 4.2 - College Fundraiser A social organization of 32...Ch. 4.2 - Prob. 21ECh. 4.2 - Medical Patients A recent study of 300 patients...Ch. 4.2 - Prob. 23ECh. 4.2 - Rolling Die Two dice are rolled. Find the...Ch. 4.2 - Prob. 25ECh. 4.2 - Rolling Dice Three dice are rolled. Find the...Ch. 4.2 - Prob. 27ECCh. 4.2 - Building a New Home In building new homes, a...Ch. 4.2 - Prob. 29ECCh. 4.2 - Prob. 30ECCh. 4.2 - Prob. 31ECCh. 4.2 - Events A and B are mutually exclusive with P(A)...Ch. 4.3 - Prob. 1ACCh. 4.3 - State which events are independent and which are...Ch. 4.3 - State which events are independent and which are...Ch. 4.3 - Video and Computer Games Sixty-nine percent of...Ch. 4.3 - Seat Belt Use The Gallup Poll reported that 52% of...Ch. 4.3 - Automobile Sales An automobile salesperson finds...Ch. 4.3 - Prison Populations If 25% of U.S. federal prison...Ch. 4.3 - Prob. 7ECh. 4.3 - Working Women and Computer Use It is reported that...Ch. 4.3 - Prob. 9ECh. 4.3 - Selecting Marbles A bag contains 9 red marbles, 8...Ch. 4.3 - Prob. 11ECh. 4.3 - Flashlight Batteries A flashlight has 6 batteries,...Ch. 4.3 - Prob. 13ECh. 4.3 - Scientific Study In a scientific study there are 8...Ch. 4.3 - Prob. 15ECh. 4.3 - Winning a Door Prize At a gathering consisting of...Ch. 4.3 - Prob. 17ECh. 4.3 - Sales A manufacturer makes two models of an item:...Ch. 4.3 - Student Financial Aid In a recent year 8,073,000...Ch. 4.3 - Selecting Colored Balls Urn 1 contains 5 red balls...Ch. 4.3 - Automobile Insurance An insurance company...Ch. 4.3 - Defective Items A production process produces an...Ch. 4.3 - Prison Populations For a recent year, 0.99 of the...Ch. 4.3 - Rolling Dice Roll two standard dice and add the...Ch. 4.3 - Heart Disease Twenty-five percent of all deaths...Ch. 4.3 - Country Club Activities At the Avonlea Country...Ch. 4.3 - College Courses At a large university, the...Ch. 4.3 - Congressional Terms Below is given the summary...Ch. 4.3 - Pizza and Salads In a pizza restaurant, 95% of the...Ch. 4.3 - Gift Baskets The Gift Basket Store had the...Ch. 4.3 - Blood Types and Rh Factors In addition to being...Ch. 4.3 - Doctor Specialties Below are listed the numbers of...Ch. 4.3 - Lightning Strikes It has been said that the...Ch. 4.3 - Prob. 34ECh. 4.3 - Leisure Time Exercise Only 27% of U.S. adults get...Ch. 4.3 - Customer Purchases In a department store there are...Ch. 4.3 - Marital Status of Women According to the...Ch. 4.3 - Fatal Accidents The American Automobile...Ch. 4.3 - On-Time Airplane Arrivals According to FlightStats...Ch. 4.3 - On-Time Flights A flight from Pittsburgh to...Ch. 4.3 - Reading to Children Fifty-eight percent of...Ch. 4.3 - Doctoral Assistantships Of Ph.D. students, 60%...Ch. 4.3 - Prob. 43ECh. 4.3 - Autism In recent years it was thought that...Ch. 4.3 - Prob. 45ECh. 4.3 - Medication Effectiveness A medication is 75%...Ch. 4.3 - Prob. 47ECh. 4.3 - Selecting a Letter of the Alphabet If 3 letters of...Ch. 4.3 - Prob. 49ECh. 4.3 - Prob. 50ECh. 4.3 - Prob. 51ECh. 4.3 - Selecting a Flower In a large vase, there are 8...Ch. 4.3 - Let A and B be two mutually exclusive events. Are...Ch. 4.3 - Types of Vehicles The Bargain Auto Mall has the...Ch. 4.3 - Prob. 55ECCh. 4.3 - Commercials Event A is the event that a person...Ch. 4.3 - Given a sample space with events A and B such that...Ch. 4.3 - Childs Board Game In a childs board game of the...Ch. 4.3 - Bags Containing Marbles Two bags contain marbles....Ch. 4.4 - Garage Door Openers Garage door openers originally...Ch. 4.4 - Zip Codes How many 5-digit zip codes are possible...Ch. 4.4 - Letter Permutations List all the permutations of...Ch. 4.4 - Prob. 3ECh. 4.4 - Visiting Nurses How many different ways can a...Ch. 4.4 - Quinto Lottery A lottery game called Quinto is...Ch. 4.4 - Show Programs Three bands and two comics are...Ch. 4.4 - Prob. 7ECh. 4.4 - Radio Station Call Letters The call letters of a...Ch. 4.4 - Prob. 9ECh. 4.4 - Secret Code Word How many 4-letter code words can...Ch. 4.4 - Passwords Given the characters A, B, C, H, I, T,...Ch. 4.4 - Automobile Trips There are 2 major roads from city...Ch. 4.4 - Prob. 13ECh. 4.4 - Evaluate each expression. a. 6! b. 11! c. 2! d. 9!...Ch. 4.4 - Sports Car Stripes How many different 4-color code...Ch. 4.4 - Manufacturing Tests An inspector must select 3...Ch. 4.4 - Prob. 17ECh. 4.4 - Inspecting Restaurants How many different ways can...Ch. 4.4 - Prob. 19ECh. 4.4 - Word Permutation How many different 4-letter...Ch. 4.4 - ID Cards How many different ID cards can be made...Ch. 4.4 - Free-Sample Requests An online coupon service has...Ch. 4.4 - Ticket Selection How many different ways can 4...Ch. 4.4 - Movie Selections The Foreign Language Club is...Ch. 4.4 - Task Assignments How many ways can an adviser...Ch. 4.4 - Agency Cases An investigative agency has 7 cases...Ch. 4.4 - Signal Flags How many different flag signals, each...Ch. 4.4 - Word Permutations How many permutations can be...Ch. 4.4 - Code Words How many different 9-letter code words...Ch. 4.4 - Toothpaste Display How many different ways can 5...Ch. 4.4 - Book Arrangements How many different ways can 6...Ch. 4.4 - Word Permutations How many permutations can be...Ch. 4.4 - Evaluate each expression. a. 5C2 b. 8C3 c. 7C4 d....Ch. 4.4 - Evaluate each expression. a. 3C0 b. 3C3 c. 9C7 d....Ch. 4.4 - Prob. 35ECh. 4.4 - Selecting Players How many ways can 4 baseball...Ch. 4.4 - Prob. 37ECh. 4.4 - Selecting Christmas Presents If a person can...Ch. 4.4 - Buffet Desserts In how many ways can you choose 3...Ch. 4.4 - Bridge Foursomes How many different tables of 4...Ch. 4.4 - Music Recital Six students are performing one song...Ch. 4.4 - Freight Train Cars In a train yard there are 4...Ch. 4.4 - Selecting a Committee There are 7 women and 5 men...Ch. 4.4 - Buffet Desserts In how many ways can you choose 3...Ch. 4.4 - Hawaiian Words The Hawaiian alphabet consists of 7...Ch. 4.4 - Selecting a Jury How many ways can a jury of 6...Ch. 4.4 - Selecting Students How many ways can you pick 4...Ch. 4.4 - Investigative Team The state narcotics bureau must...Ch. 4.4 - Prob. 49ECh. 4.4 - Charity Event Participants There are 16 seniors...Ch. 4.4 - Prob. 51ECh. 4.4 - DVD Selection How many ways can a person select 8...Ch. 4.4 - Prob. 53ECh. 4.4 - Selecting a Location An advertising manager...Ch. 4.4 - Prob. 55ECh. 4.4 - Test Marketing Products Anderson Research Company...Ch. 4.4 - Prob. 57ECh. 4.4 - Selecting Musicals How many different ways can a...Ch. 4.4 - Textbook Selection How many different ways can an...Ch. 4.4 - DVD Selection How many ways can a person select 8...Ch. 4.4 - Prob. 61ECh. 4.4 - Signal Flags How many different signals can be...Ch. 4.4 - Prob. 63ECh. 4.4 - Air Pollution The Environmental Protection Agency...Ch. 4.4 - Selecting Officers In a board of directors...Ch. 4.4 - Prob. 66ECh. 4.4 - Prob. 67ECCh. 4.4 - Prob. 68ECCh. 4.4 - Seating in a Movie Theater How many different ways...Ch. 4.4 - Prob. 70ECCh. 4.4 - Prob. 71ECCh. 4.4 - Prob. 72ECCh. 4.5 - Applying the Concepts 45 Counting Rules and...Ch. 4.5 - Selecting Cards Find the probability of getting 2...Ch. 4.5 - Selecting Cards Cards numbered 110 are shuffled...Ch. 4.5 - Prob. 3ECh. 4.5 - Prob. 4ECh. 4.5 - Job Applications Six men and seven women apply for...Ch. 4.5 - Defective Resistors A package contains 12...Ch. 4.5 - Prob. 7ECh. 4.5 - Getting a Full House Find the probability of...Ch. 4.5 - World-Class Orchestras About.coms list of 20 World...Ch. 4.5 - Selecting Cards The red face cards and the black...Ch. 4.5 - Socks in a Drawer A drawer contains 11 identical...Ch. 4.5 - Selecting Books Find the probability of selecting...Ch. 4.5 - Prob. 13ECh. 4.5 - Football Team Selection A football team consists...Ch. 4.5 - Arrangement of Washers Find the probability that...Ch. 4.5 - Poker Hands Using the information in Exercise 70...Ch. 4.5 - Prob. 17ECh. 4 - Prob. 4.1.1RECh. 4 - Selecting a Card When a card is selected from a...Ch. 4 - Software Selection The top-10 selling computer...Ch. 4 - Motor Vehicle Producers The top five motor vehicle...Ch. 4 - Prob. 4.1.5RECh. 4 - Rolling Two Dice When two dice are rolled, find...Ch. 4 - Prob. 4.2.7RECh. 4 - Breakfast Drink In a recent survey, 18 people...Ch. 4 - Prob. 4.2.9RECh. 4 - Prob. 4.2.10RECh. 4 - Online Course Selection Roughly 1 in 6 students...Ch. 4 - Purchasing Sweaters During a sale at a mens store,...Ch. 4 - Drawing Cards Three cards are drawn from an...Ch. 4 - Coin Toss and Card Drawn A coin is tossed and a...Ch. 4 - Movie Releases The top five countries for movie...Ch. 4 - Factory Output A manufacturing company has three...Ch. 4 - Effectiveness of Vaccine A vaccine has a 90%...Ch. 4 - T-shirt Factories Two T-shirt printing factories...Ch. 4 - Car Purchase The probability that Sue will live on...Ch. 4 - Prob. 4.3.20RECh. 4 - Prob. 4.3.21RECh. 4 - Bad Weather The probability that it snows and the...Ch. 4 - Education Level and Smoking At a large factory,...Ch. 4 - Prob. 4.3.24RECh. 4 - Prob. 4.3.25RECh. 4 - Prob. 4.3.26RECh. 4 - Prob. 4.4.27RECh. 4 - Prob. 4.4.28RECh. 4 - Prob. 4.4.29RECh. 4 - Prob. 4.4.30RECh. 4 - Prob. 4.4.31RECh. 4 - Committee Representation There are 6 Republican, 5...Ch. 4 - Song Selections A promotional MP3 player is...Ch. 4 - Prob. 4.4.34RECh. 4 - Prob. 4.4.35RECh. 4 - Prob. 4.4.36RECh. 4 - Prob. 4.4.37RECh. 4 - Prob. 4.4.38RECh. 4 - Prob. 4.4.39RECh. 4 - Prob. 4.4.40RECh. 4 - Prob. 4.5.41RECh. 4 - License Plates A certain states license plate has...Ch. 4 - Territorial Selection Several territories and...Ch. 4 - Yahtzee Yahtzee is a game played with 5 dice....Ch. 4 - Personnel Classification For a survey, a subject...Ch. 4 - Determine whether each statement is true or false....Ch. 4 - Determine whether each statement is true or false....Ch. 4 - Prob. 3CQCh. 4 - Prob. 4CQCh. 4 - Determine whether each statement is true or false....Ch. 4 - Determine whether each statement is true or false....Ch. 4 - Prob. 7CQCh. 4 - Prob. 8CQCh. 4 - Prob. 9CQCh. 4 - When a meteorologist says that there is a 30%...Ch. 4 - The sample space for tossing 3 coins consists of...Ch. 4 - Prob. 12CQCh. 4 - When two dice are rolled, the sample space...Ch. 4 - Prob. 14CQCh. 4 - What is the number of permutations of 6 different...Ch. 4 - Prob. 16CQCh. 4 - Prob. 17CQCh. 4 - Complete the following statements with the best...Ch. 4 - Complete the following statements with the best...Ch. 4 - Complete the following statements with the best...Ch. 4 - Complete the following statements with the best...Ch. 4 - Complete the following statements with the best...Ch. 4 - Prob. 23CQCh. 4 - Selecting a Card When a card is drawn from a deck,...Ch. 4 - Selecting a Sweater At a mens clothing store, 12...Ch. 4 - Prob. 26CQCh. 4 - Appliance Ownership The probability that a person...Ch. 4 - Starting Salaries Of the physics graduates of a...Ch. 4 - Prob. 29CQCh. 4 - Scholarships The probability that Samantha will be...Ch. 4 - Prob. 31CQCh. 4 - Prob. 32CQCh. 4 - Work and Weather The probability that Mike has to...Ch. 4 - Education of Factory Employees At a large factory,...Ch. 4 - Heart Attacks In a certain high-risk group, the...Ch. 4 - Rolling a Die A single die is rolled 4 times. Find...Ch. 4 - Prob. 37CQCh. 4 - Singer Selection How many ways can 5 sopranos and...Ch. 4 - Speaker Selection How many different ways can 8...Ch. 4 - Stocking Machines A soda machine servicer must...Ch. 4 - ID Cards One companys ID cards consist of 5...Ch. 4 - Prob. 42CQCh. 4 - Prob. 43CQCh. 4 - Prob. 44CQCh. 4 - Prob. 45CQCh. 4 - Cruise Ship Activities A cruise director schedules...Ch. 4 - Prob. 47CQCh. 4 - Prob. 48CQCh. 4 - Toy Display A toy store manager wants to display 7...Ch. 4 - Commercial Order A local television station must...Ch. 4 - Prob. 1CTCCh. 4 - Prob. 2CTCCh. 4 - Prob. 3CTCCh. 4 - Prob. 4CTCCh. 4 - Prob. 4DP
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