INTRODUCTORY STATISTICS (LOOSELEAF)
3rd Edition
ISBN: 9780135163146
Author: Gould
Publisher: PEARSON
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Textbook Question
Chapter 5, Problem 77SE
Jury Duty A jury is supposed to represent the population. We wish to perform a simulation to determine an empirical
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Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include:
Mileage (mpg)
Number of Cylinders (cyl)
Displacement (disp)
Horsepower (hp)
Research: Google to understand these variables.
Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp
Mean
Median
First Quartile (Q1)
Second Quartile (Q2)
Third Quartile (Q3)
Fourth Quartile (Q4)
10th Percentile
70th Percentile
Skewness
Kurtosis
Document Your Results:
In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command”
In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…
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.
Chapter 5 Solutions
INTRODUCTORY STATISTICS (LOOSELEAF)
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...
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- 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.arrow_forward7 (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_forward
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