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 69CP
Choices for lunch For the set lunch at Amelia’s Restaurant, customers can select one meat dish, one vegetable, one beverage, and one dessert. The menu offers two meats (beef and chicken), three vegetables (corn, green beans, or potatoes), three beverages (cola, ice tea, or coffee), and one dessert (Amelia’s apple pie).
- a. Use a tree diagram to list the possible meals and to determine how many there are.
- b. In practice, would it be sensible to treat all the outcomes in the
sample space as equally likely for the customer selections we’d observe? Why or why not?
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We consider the one-period model studied in class as an example. Namely, we assumethat the current stock price is S0 = 10. At time T, the stock has either moved up toSt = 12 (with probability p = 0.6) or down towards St = 8 (with probability 1−p = 0.4).We consider a call option on this stock with maturity T and strike price K = 10. Theinterest rate on the money market is zero.As in class, we assume that you, as a customer, are willing to buy the call option on100 shares of stock for $120. The investor, who sold you the option, can adopt one of thefollowing strategies: Strategy 1: (seen in class) Buy 50 shares of stock and borrow $380. Strategy 2: Buy 55 shares of stock and borrow $430. Strategy 3: Buy 60 shares of stock and borrow $480. Strategy 4: Buy 40 shares of stock and borrow $280.(a) For each of strategies 2-4, describe the value of the investor’s portfolio at time 0,and at time T for each possible movement of the stock.(b) For each of strategies 2-4, does the investor have…
Negate the following compound statement using De Morgans's laws.
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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