Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Chapter 5, Problem 60SE
The American Association of Individual Investors publishes an annual guide to the top mutual funds (The Individual Investor’s Guide to the Top Mutual Funds, 22e, American Association of Individual Investors, 2003). The total risk ratings for 29 categories of mutual funds are as follows.
| Total Risk | Number of Fund Categories |
| Low | 7 |
| Below Average | 6 |
| Average | 3 |
| Above Average | 6 |
| High | 7 |
- a. Let x = 1 for low risk up through x = 5 for high risk, and develop a
probability distribution for level of risk. - b. What are the
expected value and variance for total risk? - c. It turns out that 11 of the fund categories were bond funds. For the bond funds, seven categories were rated low and four were rated below average. Compare the total risk of the bond funds with the 18 categories of stock funds.
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Chapter 5 Solutions
Statistics for Business & Economics, Revised (MindTap Course List)
Ch. 5.1 - Consider the experiment of tossing a coin twice....Ch. 5.1 - Consider the experiment of a worker assembling a...Ch. 5.1 - Three students scheduled interviews for summer...Ch. 5.1 - In January the U.S. unemployment rate dropped to...Ch. 5.1 - To perform a certain type of blood analysis, lab...Ch. 5.1 - Listed is a series of experiments and associated...Ch. 5.2 - The probability distribution for the random...Ch. 5.2 - The following data were collected by counting the...Ch. 5.2 - For unemployed persons in the United States, the...Ch. 5.2 - The percent frequency distributions of job...
Ch. 5.2 - A technician services mailing machines at...Ch. 5.2 - The two largest cable providers are Comcast Cable...Ch. 5.2 - A psychologist determined that the number of...Ch. 5.2 - The following table is a partial probability...Ch. 5.3 - The following table provides a probability...Ch. 5.3 - The following table provides a probability...Ch. 5.3 - The number of students taking the SAT has risen to...Ch. 5.3 - The American Housing Survey reported the following...Ch. 5.3 - The National Basketball Association (NBA) records...Ch. 5.3 - The probability distribution for damage claims...Ch. 5.3 - The following probability distributions of job...Ch. 5.3 - The demand for a product of Carolina Industries...Ch. 5.3 - Prob. 23ECh. 5.3 - The J. R. Ryland Computer Company is considering a...Ch. 5.4 - Given below is a bivariate distribution for the...Ch. 5.4 - A person is interested in constructing a...Ch. 5.4 - The Chamber of Commerce in a Canadian city has...Ch. 5.4 - PortaCom has developed a design for a high-quality...Ch. 5.4 - J.P. Morgan Asset Management publishes information...Ch. 5.4 - In addition to the information in exercise 29 on...Ch. 5.5 - Consider a binomial experiment with two trials and...Ch. 5.5 - Consider a binomial experiment with n = 10 and p =...Ch. 5.5 - Consider a binomial experiment with n = 20 and p =...Ch. 5.5 - A Harris Interactive survey for InterContinental...Ch. 5.5 - In San Francisco, 30% of workers take public...Ch. 5.5 - When a new machine is functioning properly, only...Ch. 5.5 - A Randstad/Harris interactive survey reported that...Ch. 5.5 - Military radar and missile detection systems are...Ch. 5.5 - Twelve of the top 20 finishers in the 2009 PGA...Ch. 5.5 - The Census Bureaus Current Population Survey shows...Ch. 5.5 - A university found that 20% of its students...Ch. 5.5 - According to a survey conducted by TD Ameritrade,...Ch. 5.5 - Twenty-three percent of automobiles are not...Ch. 5.6 - Consider a Poisson distribution with = 3. a....Ch. 5.6 - Consider a Poisson distribution with a mean of two...Ch. 5.6 - Phone calls arrive at the rate of 48 per hour at...Ch. 5.6 - During the period of time that a local university...Ch. 5.6 - More than 50 million guests stay at bed and...Ch. 5.6 - Airline passengers arrive randomly and...Ch. 5.6 - An average of 15 aircraft accidents occur each...Ch. 5.6 - The National Safety Council (NSC) estimates that...Ch. 5.7 - Suppose N = 10 and r = 3. Compute the...Ch. 5.7 - Suppose N = 15 and r = 4. What is the probability...Ch. 5.7 - In a survey conducted by the Gallup Organization,...Ch. 5.7 - Blackjack, or twenty-one as it is frequently...Ch. 5.7 - Axline Computers manufactures personal computers...Ch. 5.7 - The Zagat Restaurant Survey provides food, decor,...Ch. 5.7 - The Troubled Asset Relief Program (TARP), passed...Ch. 5 - The Barrons Big Money Poll asked 131 investment...Ch. 5 - The American Association of Individual Investors...Ch. 5 - The budgeting process for a midwestern college...Ch. 5 - A bookstore at the Hartsfield-Jackson Airport in...Ch. 5 - The Knowles/Armitage (KA) group at Merrill Lynch...Ch. 5 - A survey showed that the average commuter spends...Ch. 5 - A political action group is planning to interview...Ch. 5 - Many companies use a quality control technique...Ch. 5 - The unemployment rate in the state of Arizona is...Ch. 5 - A poll conducted by Zogby International showed...Ch. 5 - Cars arrive at a car wash randomly and...Ch. 5 - A new automated production process averages 1.5...Ch. 5 - A regional director responsible for business...Ch. 5 - Customer arrivals at a bank are random and...Ch. 5 - A deck of playing cards contains 52 cards, four of...Ch. 5 - U.S. News World Reports ranking of Americas best...
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