
EP INTRODUCTORY STATISTICS-MYSTATLAB
3rd Edition
ISBN: 9780135190210
Author: Gould
Publisher: PEARSON CO
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 5, Problem 29SE
Fair Die (Example 8) Roll a fair six-sided die.
a. What is the
b. What is the probability the die shows an odd number or a number less than 3 on top?
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
1 No.
2
3
4
Binomial Prob.
X
n
P
Answer
5
6 4
7
8
9
10
12345678
8
3
4
2
2552
10
0.7
0.233
0.3
0.132
7
0.6
0.290
20
0.02
0.053
150
1000
0.15
0.035
8
7
10
0.7
0.383
11
9
3
5
0.3
0.132
12
10
4
7
0.6
0.290
13
Poisson Probability
14
X
lambda
Answer
18 4
19
20
21
22
23 9
15
16
17 3
1234567829
3
2
0.180
2
1.5
0.251
12
10
0.095
5
3
0.101
7
4
0.060
3
2
0.180
2
1.5
0.251
24 10
12
10
0.095
step by step on Microssoft on how to put this in excel and the answers please
Find binomial probability if:
x = 8, n = 10, p = 0.7
x= 3, n=5, p = 0.3
x = 4, n=7, p = 0.6
Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems)
Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150)
Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7,…
Kate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). What is an example of fair division of the cake
S1
S2
S3
S4
Kate
$4.00
$6.00
$6.00
$4.00
Luke
$5.30
$5.00
$5.25
$5.45
Mary
$4.25
$4.50
$3.50
$3.75
Nancy
$6.00
$4.00
$4.00
$6.00
Chapter 5 Solutions
EP INTRODUCTORY STATISTICS-MYSTATLAB
Ch. 5 - Simulation (Example 1) If we flip a coin 10 times,...Ch. 5 - Simulation Suppose you are carrying out a...Ch. 5 - Empirical versus Theoretical A Monopoly player...Ch. 5 - Empirical versus Theoretical A person was trying...Ch. 5 - Empirical versus Theoretical A student flips a...Ch. 5 - Empirical versus Theoretical A bag of candy...Ch. 5 - Medical Group A medical practice group consists of...Ch. 5 - Teacher Effectiveness A recent study found that...Ch. 5 - Probability For each of the values, state whether...Ch. 5 - Probability For each of the values, state whether...
Ch. 5 - Cards (Example 2) There are four suits: clubs ,...Ch. 5 - Playing Cards Refer to exercise 5.11 for...Ch. 5 - Guessing on Tests a. On a true/false quiz in which...Ch. 5 - Guessing on Tests Consider a multiple-choice test...Ch. 5 - Four Coin Tosses (Example 3) The sample space...Ch. 5 - Three Children The sample space shows all possible...Ch. 5 - Birthdays What is the probability that a baby will...Ch. 5 - Playing Cards If one card is selected from a...Ch. 5 - Vacations (Example 4) The Gallup poll asked...Ch. 5 - Reading The Pew Research Center asked a sample of...Ch. 5 - Marijuana Legalization (Example 5) A Gallup poll...Ch. 5 - Marijuana Legalization Use the data in exercise...Ch. 5 - Gender Discrimination in Tech (Example 6) A Pew...Ch. 5 - Gender Discrimination in Tech Use the data in...Ch. 5 - Mutually Exclusive Suppose a person is selected at...Ch. 5 - Mutually Exclusive Suppose a student is selected...Ch. 5 - Vacations (Mutually Exclusive) (Example 7)...Ch. 5 - Vacations (Not Mutually Exclusive) Refer to the...Ch. 5 - Fair Die (Example 8) Roll a fair six-sided die. a....Ch. 5 - Fair Die Roll a fair six-sided die. a. What is the...Ch. 5 - Grades Assume that the only grades possible in a...Ch. 5 - Changing Multiple-Choice Answers One of the...Ch. 5 - Commuting A college conducted a student survey to...Ch. 5 - Political Parties Political science researchers...Ch. 5 - Super Powers (Example 9) A 2018 Marist poll asked...Ch. 5 - Online Presence A 2018 Pew poll asked U.S. adults...Ch. 5 - Thumbtacks When a certain type of thumbtack is...Ch. 5 - Thumbtacks When a certain type of thumbtack is...Ch. 5 - Multiple-Choice Exam An exam consists of 12...Ch. 5 - Driving Exam A driving exam consists of 30...Ch. 5 - Equal Rights for Women (Example 10) A recent Pew...Ch. 5 - Equal Rights for Women A person is selected...Ch. 5 - Frequent Stress (Example 11) A Gallup poll asked...Ch. 5 - Frequent Stress Use the data in exercise 5.43 for...Ch. 5 - Independent? Suppose a person is chosen at random....Ch. 5 - Independent? About 12#37; of men and 10#37; of...Ch. 5 - Independent? Suppose a person is chosen at random....Ch. 5 - Independent? Ring sizes typically range from about...Ch. 5 - Equal Rights Poll (Example 12) Refer to the table...Ch. 5 - Equal Rights Poll Assume a person is selected...Ch. 5 - Hand Folding (Example 13) When people fold their...Ch. 5 - Dice When two dice are rolled, is the event “the...Ch. 5 - TV News Source and Gender (Example 14) A 2018 Pew...Ch. 5 - TV News Source and Gender Using the table in...Ch. 5 - Coin (Example 15) Imagine flipping three fair...Ch. 5 - Die Imagine rolling a fair six-sided die three...Ch. 5 - Die Sequences (Example 16) Roll a fair six-sided...Ch. 5 - Babies Assume that babies born are equally likely...Ch. 5 - Vacations (Example 17) According to a recent...Ch. 5 - Landlines and Cell Phones According to the...Ch. 5 - Cervical Cancer (Example 18) According to a study...Ch. 5 - Cervical Cancer About 8 women in 100,000 have...Ch. 5 - Rolling Sixes (Example 19) What’s the probability...Ch. 5 - Rolling a Sum of 7 What’s the probability of...Ch. 5 - Multiple-Choice Test (Example 20) A...Ch. 5 - True/False Test A true/false test has 20...Ch. 5 - Simulating Coin Flips (Example 21) a. Use the line...Ch. 5 - Simulating Rolling a Die a. Explain how you could...Ch. 5 - Law of Large Numbers Refer to Histograms A, B, and...Ch. 5 - Law of Large Numbers The table shows the results...Ch. 5 - Coin Flips Imagine flipping a fair coin many...Ch. 5 - Coin Flips, Again Refer to the following figure....Ch. 5 - Law of Large Numbers: Gambling Betty and Jane are...Ch. 5 - LLN: Grandchildren Consider two pairs of...Ch. 5 - LLN: Coin If you flip a fair coin repeatedly and...Ch. 5 - LLN: Die The graph shows the average when a...Ch. 5 - Jury Duty A jury is supposed to represent the...Ch. 5 - Left-handed Some estimates say that 10#37; of the...Ch. 5 - Simulation: Four-Sided Die a. Explain how you...Ch. 5 - Simulation: Six-Sided Die a. Explain how you could...Ch. 5 - Prob. 81CRECh. 5 - Prob. 82CRECh. 5 - Independent Variables Use your general knowledge...Ch. 5 - Independent Variables Use your general knowledge...Ch. 5 - Prob. 85CRECh. 5 - Prob. 86CRECh. 5 - Prob. 87CRECh. 5 - Prob. 88CRECh. 5 - Birthdays Suppose all the days of the week are...Ch. 5 - Pass Rate of Written Driver’s Exam In California,...Ch. 5 - Prob. 91CRECh. 5 - Reading Habits In 2016 the Pew Research Center...Ch. 5 - Prob. 93CRECh. 5 - Prob. 94CRECh. 5 - Prob. 95CRECh. 5 - Cell Phone Security A 2017 Pew Research poll found...Ch. 5 - Coin Flips Let H stand for heads and let T stand...Ch. 5 - Prob. 98CRECh. 5 - Prob. 99CRECh. 5 - Online Dating The Pew Research Center asked a...Ch. 5 - CA Bar Exam In order to practice law, lawyers must...Ch. 5 - Driving Tests In addition to behind-the-wheel...Ch. 5 - California Recidivism and Gender Women return to...Ch. 5 - Blue Eyes About 17#37; of American men have blue...Ch. 5 - Prob. 105CRECh. 5 - Prob. 106CRECh. 5 - Law of Large Numbers A famous study by Amos...Ch. 5 - Law of Large Numbers A certain professional...Ch. 5 - Climate Change and Political Party In 2016 a Pew...Ch. 5 - Climate Change and Political Party Refer to the...Ch. 5 - Prob. 111CRECh. 5 - Prob. 112CRECh. 5 - Prob. 113CRECh. 5 - Prob. 114CRECh. 5 - Prob. 115CRECh. 5 - Prob. 116CRECh. 5 - Prob. 117CRECh. 5 - Prob. 118CRECh. 5 - Prob. 119CRECh. 5 - Prob. 120CRECh. 5 - Prob. 121CRECh. 5 - Multiple-Choice Test A multiple-choice test has 10...Ch. 5 - Simulating Guessing on a Multiple-Choice Test...Ch. 5 - Simulating Guessing on a True/False Test Perform a...Ch. 5 - Red Light/Green Light A busy street has three...Ch. 5 - Soda A soda-bottling plant has a flaw in that...
Additional Math Textbook Solutions
Find more solutions based on key concepts
Provide an example of a qualitative variable and an example of a quantitative variable.
Elementary Statistics ( 3rd International Edition ) Isbn:9781260092561
153. A rain gutter is made from sheets of aluminum that are 20 inches wide. As shown in the figure, the edges ...
College Algebra (7th Edition)
For Problems 23-28, write in simpler form, as in Example 4. logbFG
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
1. How is a sample related to a population?
Elementary Statistics: Picturing the World (7th Edition)
Empirical versus Theoretical A Monopoly player claims that the probability of getting a 4 when rolling a six-si...
Introductory Statistics
(a) Make a stem-and-leaf plot for these 24 observations on the number of customers who used a down-town CitiBan...
APPLIED STAT.IN BUS.+ECONOMICS
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Faye cuts the sandwich in two fair shares to her. What is the first half s1arrow_forwardQuestion 2. An American option on a stock has payoff given by F = f(St) when it is exercised at time t. We know that the function f is convex. A person claims that because of convexity, it is optimal to exercise at expiration T. Do you agree with them?arrow_forwardQuestion 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR model? (Explain your answer.)arrow_forward
- Question 3. We want to price a put option with strike price K and expiration T. Two financial advisors estimate the parameters with two different statistical methods: they obtain the same return rate μ, the same volatility σ, but the first advisor has interest r₁ and the second advisor has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to price the option. Which advisor will get the larger price? (Explain your answer.)arrow_forwardQuestion 5. We consider a put option with strike price K and expiration T. This option is priced using a 1-period CRR model. We consider r > 0, and σ > 0 very large. What is the approximate price of the option? In other words, what is the limit of the price of the option as σ∞. (Briefly justify your answer.)arrow_forwardQuestion 6. You collect daily data for the stock of a company Z over the past 4 months (i.e. 80 days) and calculate the log-returns (yk)/(-1. You want to build a CRR model for the evolution of the stock. The expected value and standard deviation of the log-returns are y = 0.06 and Sy 0.1. The money market interest rate is r = 0.04. Determine the risk-neutral probability of the model.arrow_forward
- Several markets (Japan, Switzerland) introduced negative interest rates on their money market. In this problem, we will consider an annual interest rate r < 0. We consider a stock modeled by an N-period CRR model where each period is 1 year (At = 1) and the up and down factors are u and d. (a) We consider an American put option with strike price K and expiration T. Prove that if <0, the optimal strategy is to wait until expiration T to exercise.arrow_forwardWe consider an N-period CRR model where each period is 1 year (At = 1), the up factor is u = 0.1, the down factor is d = e−0.3 and r = 0. We remind you that in the CRR model, the stock price at time tn is modeled (under P) by Sta = So exp (μtn + σ√AtZn), where (Zn) is a simple symmetric random walk. (a) Find the parameters μ and σ for the CRR model described above. (b) Find P Ste So 55/50 € > 1). StN (c) Find lim P 804-N (d) Determine q. (You can use e- 1 x.) Ste (e) Find Q So (f) Find lim Q 004-N StN Soarrow_forwardIn this problem, we consider a 3-period stock market model with evolution given in Fig. 1 below. Each period corresponds to one year. The interest rate is r = 0%. 16 22 28 12 16 12 8 4 2 time Figure 1: Stock evolution for Problem 1. (a) A colleague notices that in the model above, a movement up-down leads to the same value as a movement down-up. He concludes that the model is a CRR model. Is your colleague correct? (Explain your answer.) (b) We consider a European put with strike price K = 10 and expiration T = 3 years. Find the price of this option at time 0. Provide the replicating portfolio for the first period. (c) In addition to the call above, we also consider a European call with strike price K = 10 and expiration T = 3 years. Which one has the highest price? (It is not necessary to provide the price of the call.) (d) We now assume a yearly interest rate r = 25%. We consider a Bermudan put option with strike price K = 10. It works like a standard put, but you can exercise it…arrow_forward
- In this problem, we consider a 2-period stock market model with evolution given in Fig. 1 below. Each period corresponds to one year (At = 1). The yearly interest rate is r = 1/3 = 33%. This model is a CRR model. 25 15 9 10 6 4 time Figure 1: Stock evolution for Problem 1. (a) Find the values of up and down factors u and d, and the risk-neutral probability q. (b) We consider a European put with strike price K the price of this option at time 0. == 16 and expiration T = 2 years. Find (c) Provide the number of shares of stock that the replicating portfolio contains at each pos- sible position. (d) You find this option available on the market for $2. What do you do? (Short answer.) (e) We consider an American put with strike price K = 16 and expiration T = 2 years. Find the price of this option at time 0 and describe the optimal exercising strategy. (f) We consider an American call with strike price K ○ = 16 and expiration T = 2 years. Find the price of this option at time 0 and describe…arrow_forward2.2, 13.2-13.3) question: 5 point(s) possible ubmit test The accompanying table contains the data for the amounts (in oz) in cans of a certain soda. The cans are labeled to indicate that the contents are 20 oz of soda. Use the sign test and 0.05 significance level to test the claim that cans of this soda are filled so that the median amount is 20 oz. If the median is not 20 oz, are consumers being cheated? Click the icon to view the data. What are the null and alternative hypotheses? OA. Ho: Medi More Info H₁: Medi OC. Ho: Medi H₁: Medi Volume (in ounces) 20.3 20.1 20.4 Find the test stat 20.1 20.5 20.1 20.1 19.9 20.1 Test statistic = 20.2 20.3 20.3 20.1 20.4 20.5 Find the P-value 19.7 20.2 20.4 20.1 20.2 20.2 P-value= (R 19.9 20.1 20.5 20.4 20.1 20.4 Determine the p 20.1 20.3 20.4 20.2 20.3 20.4 Since the P-valu 19.9 20.2 19.9 Print Done 20 oz 20 oz 20 oz 20 oz ce that the consumers are being cheated.arrow_forwardT Teenage obesity (O), and weekly fast-food meals (F), among some selected Mississippi teenagers are: Name Obesity (lbs) # of Fast-foods per week Josh 185 10 Karl 172 8 Terry 168 9 Kamie Andy 204 154 12 6 (a) Compute the variance of Obesity, s²o, and the variance of fast-food meals, s², of this data. [Must show full work]. (b) Compute the Correlation Coefficient between O and F. [Must show full work]. (c) Find the Coefficient of Determination between O and F. [Must show full work]. (d) Obtain the Regression equation of this data. [Must show full work]. (e) Interpret your answers in (b), (c), and (d). (Full explanations required). Edit View Insert Format Tools Tablearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage

Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL

Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning

College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning

Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License