Introduction To Probability And Statistics
15th Edition
ISBN: 9781337554428
Author: Mendenhall, William.
Publisher: Cengage Learning,
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Chapter 4.3, Problem 16E
What to Wear? You own 4 pairs of jeans, 12 cleanT-shirts, and 4 wearable pairs of sneakers. How manyoutfits (jeans, T-shirt, and sneakers) can you create?
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The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute time in minutes for 48 cities are as follows:
Click on the datafile logo to reference the data.
DATA file
Albuquerque
23.3
Jacksonville
26.2
Phoenix
28.3
Atlanta
28.3
Kansas City
23.4
Pittsburgh
25.0
Austin
24.6
Las Vegas
28.4
Portland
26.4
Baltimore
32.1
Little Rock
20.1
Providence
23.6
Boston
31.7
Los Angeles
32.2
Richmond
23.4
Charlotte
25.8
Louisville
21.4
Sacramento
25.8
Chicago
38.1
Memphis
23.8
Salt Lake City
20.2
Cincinnati
24.9
Miami
30.7
San Antonio
26.1
Cleveland
26.8
Milwaukee
24.8
San Diego
24.8
Columbus
23.4
Minneapolis
23.6
San Francisco
32.6
Dallas
28.5
Nashville
25.3
San Jose
28.5
Denver
28.1
New Orleans
31.7
Seattle
27.3
Detroit
29.3
New York
43.8
St. Louis
26.8
El Paso
24.4
Oklahoma City
22.0
Tucson
24.0
Fresno
23.0
Orlando
27.1
Tulsa
20.1
Indianapolis
24.8
Philadelphia
34.2
Washington, D.C.
32.8
a. What is the mean commute time for…
Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ millions)
20
12
30
7
10
5
6
15
10
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
days
Chapter 4 Solutions
Introduction To Probability And Statistics
Ch. 4.1 - Experiment I A single die is tossed. List the...Ch. 4.1 - Experiment I A single die is tossed. List the...Ch. 4.1 - Experiment I A single die is tossed. List the...Ch. 4.1 - Experiment I A single die is tossed. List the...Ch. 4.1 - Experiment I A single die is tossed. List the...Ch. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - Experiment II A sample space contains seven...Ch. 4.1 - Prob. 9ECh. 4.1 - Experiment II A sample space contains seven...
Ch. 4.1 - Prob. 11ECh. 4.1 - Experiment II A sample space contains seven...Ch. 4.1 - Prob. 13ECh. 4.1 - Prob. 14ECh. 4.1 - Prob. 15ECh. 4.1 - Prob. 16ECh. 4.1 - Simple Events Define the simple events for...Ch. 4.1 - Simple Events Define the simple events for...Ch. 4.1 - Prob. 19ECh. 4.1 - Simple Events Define the simple events for...Ch. 4.1 - Prob. 21ECh. 4.1 - Prob. 22ECh. 4.1 - Prob. 23ECh. 4.1 - Tree Diagrams Use a tree diagram to find the...Ch. 4.1 - Table of Outcomes Use a table of outcomes to...Ch. 4.1 - Table of Outcomes Use a table of outcomes to...Ch. 4.1 - Table of Outcomes Use a table of outcomes to...Ch. 4.1 - The Urn Problem A bowl contains three red and two...Ch. 4.1 - Prob. 29ECh. 4.2 - Experiment I A single fair die is tossed....Ch. 4.2 - Experiment I A single fair die is tossed....Ch. 4.2 - Experiment I A single fair die is tossed....Ch. 4.2 - Experiment I A single fair die is tossed....Ch. 4.2 - Experiment I A single fair die is tossed....Ch. 4.2 - Experiment I A single fair die is tossed....Ch. 4.2 - Experiment II A sample space contains seven...Ch. 4.2 - Experiment II A sample space contains seven...Ch. 4.2 - Experiment II A sample space contains seven...Ch. 4.2 - Experiment II A sample space contains seven...Ch. 4.2 - Experiment III A sample space consists of five...Ch. 4.2 - Experiment III A sample space consists of five...Ch. 4.2 - Experiment III A sample space consists of five...Ch. 4.2 - Experiment III A sample space consists of five...Ch. 4.2 - Experiment III A sample space consists of five...Ch. 4.2 - Prob. 16ECh. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Spaces and Probability For the experiments in...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Sample Spaces and Probability For the experiments...Ch. 4.2 - Free Throws A particular basketball player hits70%...Ch. 4.2 - Four Coins A jar contains four coins: a nickel,a...Ch. 4.2 - Preschool or Not? A teacher randomly selects 1...Ch. 4.2 - Need Eyeglasses? A large number of adults...Ch. 4.2 - Prob. 31ECh. 4.2 - Aspirin Refer to Exercise 31 and find...Ch. 4.2 - Jury Duty Three people are randomly selected...Ch. 4.2 - Jury Duty II Refer to Exercise 33. Suppose...Ch. 4.2 - Tea Tasters A single person is hired to taste...Ch. 4.2 - -Meter Run Four equally qualified runners,John,...Ch. 4.2 - Fruit Flies In a genetics experiment, the...Ch. 4.2 - Playing the Slots A slot machine has three...Ch. 4.2 - Pepsi™ or Coke™? An experiment is conducted ata...Ch. 4.2 - Flextime A survey to determine the availability...Ch. 4.3 - The mn Rule Use the mn Rule to find the number...Ch. 4.3 - The mn Rule Use the mn Rule to find the number of...Ch. 4.3 - The mn Rule Use the mn Rule to find the number of...Ch. 4.3 - The mn Rule Use the mn Rule to find the number of...Ch. 4.3 - Permutations Evaluate the permutations inExercises...Ch. 4.3 - Permutations Evaluate the permutations in...Ch. 4.3 - Permutations Evaluate the permutations in...Ch. 4.3 - Permutations Evaluate the permutations in...Ch. 4.3 - Combinations Evaluate the combinations inExercises...Ch. 4.3 - Combinations Evaluate the combinations in...Ch. 4.3 - Combinations Evaluate the combinations in...Ch. 4.3 - Combinations Evaluate the combinations in...Ch. 4.3 - Choosing People In how many ways can youselect...Ch. 4.3 - Choosing People, again In how many ways canyou...Ch. 4.3 - The Urn Problem, again Three balls are...Ch. 4.3 - What to Wear? You own 4 pairs of jeans, 12...Ch. 4.3 - Itineraries A businessman in New York is...Ch. 4.3 - Vacation Plans Your family vacation involves...Ch. 4.3 - A Card Game Three students are playing a cardgame....Ch. 4.3 - Dinner at Gerard’s A French restaurant offers...Ch. 4.3 - Playing Poker Five cards are selected from...Ch. 4.3 - Poker II Refer to Exercise 21. You have a...Ch. 4.3 - A Hospital Survey A study is to be conducted in...Ch. 4.3 - Traffic Problems Two city council members are tobe...Ch. 4.3 - Prob. 25ECh. 4.3 - Prob. 26ECh. 4.3 - Prob. 27ECh. 4.3 - Cramming A student prepares for an exam bystudying...Ch. 4.3 - Monkey Business A monkey is given 12 blocks:3...Ch. 4.3 - Viruses A certain virus afflicted the families...Ch. 4.4 - Experiment I An experiment can result in one of...Ch. 4.4 - Prob. 2ECh. 4.4 - Prob. 3ECh. 4.4 - Experiment I An experiment can result in one of...Ch. 4.4 - Prob. 5ECh. 4.4 - Prob. 6ECh. 4.4 - Experiment II Suppose P(A)=.1andP(B)=.5.Answer the...Ch. 4.4 - Experiment II Suppose P(A)=.1and P(B)=.5. Answer...Ch. 4.4 - Experiment II Suppose P(A)=.1and P(B)=.5. Answer...Ch. 4.4 - Experiment II Suppose P(A)=.1and P(B)=.5. Answer...Ch. 4.4 - Experiment III An experiment can result in one...Ch. 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 - Dice An experiment consists of tossing a single...Ch. 4.4 - Prob. 19ECh. 4.4 - Prob. 20ECh. 4.4 - Prob. 21ECh. 4.4 - Drug Testing In testing prospective employees...Ch. 4.4 - Prob. 23ECh. 4.4 - Prob. 24ECh. 4.4 - Prob. 25ECh. 4.4 - Prob. 26ECh. 4.4 - Prob. 27ECh. 4.4 - Prob. 28ECh. 4.4 - Starbucks or Peet’s®? A college student frequents...Ch. 4.4 - Prob. 30ECh. 4.4 - Smoking and Cancer A survey of people in a...Ch. 4.4 - Smoke Detectors A smoke-detector system usestwo...Ch. 4.4 - Plant Genetics In 1865, Gregor Mendel suggesteda...Ch. 4.4 - Prob. 34ECh. 4.4 - Prob. 35ECh. 4.4 - Choosing a Mate Men and women often disagreeon how...Ch. 4.4 - Jordan and Durant Two stars of the LA Clippersand...Ch. 4.5 - Bayes’ Rule I A sample is selected from one of two...Ch. 4.5 - Bayes’ Rule I A sample is selected from one of two...Ch. 4.5 - Bayes’ Rule I A sample is selected from one of two...Ch. 4.5 - Bayes’ Rule II When an experiment is conducted,...Ch. 4.5 - Bayes’ Rule II When an experiment is conducted,...Ch. 4.5 - Bayes’ Rule II When an experiment is conducted,...Ch. 4.5 - Law of Total Probability A population can...Ch. 4.5 - Violent Crime City crime records show that 20%...Ch. 4.5 - Worker Error A worker-operated machine producesa...Ch. 4.5 - Airport Security Suppose that, in a particular...Ch. 4.5 - Prob. 11ECh. 4.5 - No Pass, No Play Under the “no pass, no play”rule...Ch. 4.5 - Medical Diagnostics Different illnesses can...Ch. 4.5 - Cheating on Your Taxes? Suppose 5% of all...Ch. 4.5 - Screening Tests Suppose that a certain diseaseis...Ch. 4 - Whistle Blowers Although there is legal...Ch. 4 - DVRs A retailer sells two styles of digital...Ch. 4 - Prob. 3RWYLCh. 4 - A Reticent Salesman The probability that a...Ch. 4 - Prob. 5RWYLCh. 4 - Prob. 6RWYLCh. 4 - Prob. 7RWYLCh. 4 - Prob. 8RWYLCh. 4 - Prob. 9RWYLCh. 4 - Prob. 10RWYLCh. 4 - Prob. 11RWYLCh. 4 - The Match Game Two men each toss a coin....Ch. 4 - Contract Negotiations Experience has shown...Ch. 4 - Prob. 14RWYLCh. 4 - Prob. 15RWYLCh. 4 - Prob. 16RWYLCh. 4 - Mass Transit Only 40% of all people in a...Ch. 4 - Prob. 18RWYLCh. 4 - Prob. 19RWYLCh. 4 - Prob. 20RWYLCh. 4 - Prob. 21RWYL
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