A First Course in Probability
A First Course in Probability
9th Edition
ISBN: 9780321794772
Author: Sheldon Ross
Publisher: PEARSON
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Chapter 5, Problem 5.29P

A model for the movement of a stock supposes that if the present price of the stock is s, then after one period, it will be either us with probability p or ds with probability 1 p . Assuming that successive movements are independent, approximate the probability that the stock’s price will be up at least 30 percent after the next 1000 periods if u = 1.012 , d = 0.990 , and p = .52

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Chapter 5 Solutions

A First Course in Probability

Ch. 5 - A point is chosen at random on a line segment of...Ch. 5 - A bus travels between the two cities A and B....Ch. 5 - You arrive at a bus stop at 10A.M., knowing that...Ch. 5 - Let X be a uniform (0, 1) random variable. Compute...Ch. 5 - If X is a normal random variable with parameters...Ch. 5 - The annual rainfall (in inches) in a certain...Ch. 5 - The salaries of physicians in a certain speciality...Ch. 5 - Suppose that X is a normal random variable with...Ch. 5 - Let be a normal random variable with mean 12 and...Ch. 5 - If 65 percent of the population of a large...Ch. 5 - Suppose that the height, in inches, of a...Ch. 5 - Every day Jo practices her tennis serve by...Ch. 5 - One thousand independent rolls of a fair die will...Ch. 5 - The lifetimes of interactive computer chips...Ch. 5 - Each item produced by a certain manufacturer is,...Ch. 5 - Two types of coins are produced at a factory: a...Ch. 5 - In 10,000 independent tosses of a coin, the coin...Ch. 5 - Twelve percent of the population is left handed....Ch. 5 - A model for the movement of a stock supposes that...Ch. 5 - An image is partitioned into two regions, one...Ch. 5 - a. A fire station is to be located along a road of...Ch. 5 - The time (in hours) required to repair a machine...Ch. 5 - If U is uniformly distributed on (0,1), find the...Ch. 5 - Jones figures that the total number of thousands...Ch. 5 - The lung cancer hazard rate (t) of a t-year-old...Ch. 5 - Suppose that the life distribution of an item has...Ch. 5 - If X is uniformly distributed over (1,1), find (a)...Ch. 5 - Prob. 5.38PCh. 5 - If X is an exponential random variable with...Ch. 5 - Prob. 5.40PCh. 5 - Find the distribution of R=Asin, where A is a...Ch. 5 - Let Y be a log normal random variable (see Example...Ch. 5 - The speed of a molecule in a uniform gas at...Ch. 5 - Show that E[Y]=0P{Yy}dy0P{Yy}dy Hint: Show that...Ch. 5 - Show that if X has density function f. then...Ch. 5 - Prob. 5.4TECh. 5 - Use the result that for a nonnegative random...Ch. 5 - Prob. 5.6TECh. 5 - The standard deviation of X. denoted SD(X), is...Ch. 5 - Let X be a random variable that takes on values...Ch. 5 - Show that Z is a standard normal random variable;...Ch. 5 - Let f(x) denote the probability density function...Ch. 5 - Let Z be a standard normal random variable Z and...Ch. 5 - Use the identity of Theoretical Exercises 5.5 .Ch. 5 - The median of a continuous random variable having...Ch. 5 - The mode of a continuous random variable having...Ch. 5 - If X is an exponential random variable with...Ch. 5 - Compute the hazard rate function of X when X is...Ch. 5 - If X has hazard rate function X(t), compute the...Ch. 5 - Prob. 5.18TECh. 5 - If X is an exponential random variable with mean...Ch. 5 - Prob. 5.20TECh. 5 - Prob. 5.21TECh. 5 - Compute the hazard rate function of a gamma random...Ch. 5 - Compute the hazard rate function of a Weibull...Ch. 5 - Prob. 5.24TECh. 5 - Let Y=(Xv) Show that if X is a Weibull random...Ch. 5 - Let F be a continuous distribution function. If U...Ch. 5 - If X is uniformly distributed over (a,b), what...Ch. 5 - Consider the beta distribution with parameters...Ch. 5 - Prob. 5.29TECh. 5 - Prob. 5.30TECh. 5 - Prob. 5.31TECh. 5 - Let X and Y be independent random variables that...Ch. 5 - Prob. 5.33TECh. 5 - The number of minutes of playing time of a certain...Ch. 5 - For some constant c. the random variable X has the...Ch. 5 - Prob. 5.3STPECh. 5 - Prob. 5.4STPECh. 5 - The random variable X is said to be a discrete...Ch. 5 - Prob. 5.6STPECh. 5 - To be a winner in a certain game, you must be...Ch. 5 - A randomly chosen IQ test taker obtains a score...Ch. 5 - Suppose that the travel time from your home to...Ch. 5 - The life of a certain type of automobile tire is...Ch. 5 - The annual rainfall in Cleveland, Ohio, is...Ch. 5 - Prob. 5.12STPECh. 5 - Prob. 5.13STPECh. 5 - Prob. 5.14STPECh. 5 - The number of years that a washing machine...Ch. 5 - Prob. 5.16STPECh. 5 - Prob. 5.17STPECh. 5 - There are two types of batteries in a bin. When in...Ch. 5 - Prob. 5.19STPECh. 5 - For any real number y define byy+=y,ify00,ify0 Let...Ch. 5 - With (x) being the probability that a normal...Ch. 5 - Prob. 5.22STPE
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