Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Chapter 5, Problem 68CP
To determine
Explain the difference between relative frequency and subjective
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2 (VaR and ES) Suppose X1
are independent. Prove that
~
Unif[-0.5, 0.5] and X2
VaRa (X1X2) < VaRa(X1) + VaRa (X2).
~
Unif[-0.5, 0.5]
8 (Correlation and Diversification)
Assume we have two stocks, A and B, show that a particular combination
of the two stocks produce a risk-free portfolio when the correlation between
the return of A and B is -1.
9 (Portfolio allocation)
Suppose R₁ and R2 are returns of 2 assets and with expected return and
variance respectively r₁ and 72 and variance-covariance σ2, 0%½ and σ12. Find
−∞ ≤ w ≤ ∞ such that the portfolio wR₁ + (1 - w) R₂ has the smallest
risk.
Chapter 5 Solutions
Statistics: The Art and Science of Learning from Data (4th Edition)
Ch. 5.1 - Probability Explain what is meant by the long-run...Ch. 5.1 - Testing a coin Your friend decides to flip a coin...Ch. 5.1 - Vegetarianism You randomly sample 10 people in...Ch. 5.1 - Airline accident deaths Airplane safety has been...Ch. 5.1 - World Cup 2014 The powerrank.com website...Ch. 5.1 - Random digits Consider a random number generator...Ch. 5.1 - Polls and sample size A pollster agency wants to...Ch. 5.1 - Heart transplant Before the first human heart...Ch. 5.1 - Nuclear war You are asked to use your best...Ch. 5.1 - Simulate coin flips Use the web app Random Numbers...
Ch. 5.1 - Unannounced pop quiz A teacher announces a pop...Ch. 5.2 - Student union poll Part of a student opinion poll...Ch. 5.2 - Random digit A single random digit (from 09) is...Ch. 5.2 - Pop quiz A teacher gives a four-question...Ch. 5.2 - More true-false questions Your teacher gives a...Ch. 5.2 - Rolling two dice Some friends are playing a game...Ch. 5.2 - Two girls A couple plans to have two children....Ch. 5.2 - Three children A couple plans to have three...Ch. 5.2 - Wrong sample space A couple plans to have four...Ch. 5.2 - Insurance Every year the insurance industry spends...Ch. 5.2 - Cell phone and case At the local cell phone store,...Ch. 5.2 - Seat belt use and auto accidents Based on records...Ch. 5.2 - Protecting the environment When the General Social...Ch. 5.2 - Prob. 25PBCh. 5.2 - Newspaper sales You are the director of newspaper...Ch. 5.2 - Prob. 27PBCh. 5.3 - Recidivism rates A 2014 article from Business...Ch. 5.3 - Prob. 29PBCh. 5.3 - Audit and low income Table 5.3 on audit status and...Ch. 5.3 - Religious affiliation The 2012 Statistical...Ch. 5.3 - Prob. 32PBCh. 5.3 - Prob. 33PBCh. 5.3 - Go Celtics! Larry Bird, who played pro basketball...Ch. 5.3 - Prob. 35PBCh. 5.3 - Homeland security According to an article in The...Ch. 5.3 - Down syndrome again Example 8 discussed the Triple...Ch. 5.3 - Prob. 38PBCh. 5.3 - Happiness in relationship Are people happy in...Ch. 5.3 - Prob. 40PBCh. 5.3 - Prob. 41PBCh. 5.3 - Prob. 42PBCh. 5.3 - Prob. 43PBCh. 5.3 - Prob. 44PBCh. 5.3 - Family with two children For a family with two...Ch. 5.3 - Prob. 46PBCh. 5.4 - Birthdays of presidents Of the first 44 presidents...Ch. 5.4 - Prob. 48PBCh. 5.4 - Lots of pairs Show that with 25 students, there...Ch. 5.4 - Prob. 50PBCh. 5.4 - Prob. 51PBCh. 5.4 - Prob. 52PBCh. 5.4 - Coincidence in your life State an event that has...Ch. 5.4 - Monkeys typing Shakespeare Since events of low...Ch. 5.4 - A true coincidence at DisneyWorld Wisconsin has...Ch. 5.4 - Prob. 56PBCh. 5.4 - Mammogram diagnostics Breast cancer is the most...Ch. 5.4 - Prob. 58PBCh. 5.4 - Prob. 59PBCh. 5.4 - Convicted by mistake In criminal trials (e.g.,...Ch. 5.4 - DNA evidence compelling? DNA evidence can be...Ch. 5.4 - Prob. 62PBCh. 5.4 - Simulating donations to local blood bank The...Ch. 5.4 - Probability of winning In Example 16, we estimated...Ch. 5 - Peyton Manning completions As of the end of the...Ch. 5 - Due for a boy? A couple has five children, all...Ch. 5 - Prob. 68CPCh. 5 - Choices for lunch For the set lunch at Amelias...Ch. 5 - Caught doctoring the books After the major...Ch. 5 - Life after death In a General Social Survey, in...Ch. 5 - Death penalty jury In arguing against the death...Ch. 5 - Drivers exam Three 15-year-old friends with no...Ch. 5 - Prob. 74CPCh. 5 - Health insurance According to a 2006 census bureau...Ch. 5 - Prob. 76CPCh. 5 - Prob. 77CPCh. 5 - Prob. 78CPCh. 5 - Prob. 79CPCh. 5 - Roll two more dice Refer to the previous exercise....Ch. 5 - Prob. 81CPCh. 5 - Waste dump sites A federal agency is deciding...Ch. 5 - Prob. 83CPCh. 5 - Prob. 84CPCh. 5 - Prob. 85CPCh. 5 - Death penalty and false positives For the decision...Ch. 5 - Prob. 87CPCh. 5 - Screening for heart attacks Biochemical markers...Ch. 5 - Prob. 89CPCh. 5 - Color blindness For genetic reasons, color...Ch. 5 - Prob. 91CPCh. 5 - Prostate cancer A study of the PSA blood test for...Ch. 5 - Prob. 95CPCh. 5 - Illustrate probability terms with scenarios a....Ch. 5 - Short term versus long run Short-term aberrations...Ch. 5 - Prob. 98CPCh. 5 - Mrs. Test Mrs. Test (see www.mrstest.com) sells...Ch. 5 - Prob. 100CPCh. 5 - Prob. 101CPCh. 5 - Prob. 102CPCh. 5 - Protective bomb Before the days of high security...Ch. 5 - Streak shooter Sportscaster Maria Coselli claims...Ch. 5 - Multiple choice Choose ALL correct responses. For...Ch. 5 - Prob. 106CPCh. 5 - Prob. 107CPCh. 5 - Multiple choice: Dream come true You have a dream...Ch. 5 - Prob. 109CPCh. 5 - True or false Answer true of false for each part....Ch. 5 - True or false When you flip a balanced coin twice,...Ch. 5 - Prob. 112CPCh. 5 - Prob. 113CPCh. 5 - Prob. 114CPCh. 5 - Prob. 115CPCh. 5 - Prob. 116CP
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- 7 (Multivariate random variable) Suppose X, €1, €2, €3 are IID N(0, 1) and Y2 Y₁ = 0.2 0.8X + €1, Y₂ = 0.3 +0.7X+ €2, Y3 = 0.2 + 0.9X + €3. = (In models like this, X is called the common factors of Y₁, Y₂, Y3.) Y = (Y1, Y2, Y3). (a) Find E(Y) and cov(Y). (b) What can you observe from cov(Y). Writearrow_forward1 (VaR and ES) Suppose X ~ f(x) with 1+x, if 0> x > −1 f(x) = 1−x if 1 x > 0 Find VaRo.05 (X) and ES0.05 (X).arrow_forwardJoy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forward
- Solve for X. Explain each step. 2^2x • 2^-4=8arrow_forwardOne hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forwardneed help with part barrow_forward
- Suppose you know that Bob's test score is above the mean, but he doesn't remember by how much. At least how many students must score lower than Bob?arrow_forwardIf a baby's weight is at the median, what's her percentile?arrow_forwardAt the same restaurant as in Question 19 with the same normal distribution, what's the chance of it taking no more than 15 minutes to get service?arrow_forward
- Clint, obviously not in college, sleeps an average of 8 hours per night with a standard deviation of 15 minutes. What's the chance of him sleeping between 7.5 and 8.5 hours on any given night? 0-(7-0) 200 91109s and doiw $20 (8-0) mol 8520 slang $199 galbrog seam side pide & D (newid se od poyesvig as PELEO PER AFTE editiw noudab temand van Czarrow_forwardTimes to complete a statistics exam have a normal distribution with a mean of 40 minutes and standard deviation of 6 minutes. Deshawn's time comes in at the 90th percentile. What percentage of the students are still working on their exams when Deshawn leaves?arrow_forwardSuppose that the weights of cereal boxes have a normal distribution with a mean of 20 ounces and standard deviation of half an ounce. A box that has a standard score of o weighs how much? syed by ilog ni 21arrow_forward
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