ALEKS 360 ELEM STATISTICS
10th Edition
ISBN: 9781264241385
Author: Bluman
Publisher: MCG
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Chapter 5.1, Problem 4E
Give three examples of a continuous random variable.
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Suppose that a driver's test has a mean score
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A random variable X takes values 0 and 1 with probabilities q and p, respectively, with q+p=1. find the moment generating function of X and show that all the moments about the origin equal p. (Note- Please include as much detailed solution/steps in the solution to understand, Thank you!)
Chapter 5 Solutions
ALEKS 360 ELEM STATISTICS
Ch. 5.1 - Dropping College Courses Use the following table...Ch. 5.1 - Define and give three examples of a random...Ch. 5.1 - Explain the difference between a discrete and a...Ch. 5.1 - Give three examples of a discrete random variable.Ch. 5.1 - Give three examples of a continuous random...Ch. 5.1 - List three continuous random variables and three...Ch. 5.1 - What is a probability distribution? Give an...Ch. 5.1 - For Exercises 7 through 12, determine whether the...Ch. 5.1 - For Exercises 7 through 12, determine whether the...Ch. 5.1 - For Exercises 7 through 12, determine whether the...
Ch. 5.1 - For Exercises 7 through 12, determine whether the...Ch. 5.1 - For Exercises 7 through 12, determine whether the...Ch. 5.1 - For Exercises 7 through 12, determine whether the...Ch. 5.1 - For Exercises 13 through 18, state whether the...Ch. 5.1 - For Exercises 13 through 18, state whether the...Ch. 5.1 - For Exercises 13 through 18, state whether the...Ch. 5.1 - For Exercises 13 through 18, state whether the...Ch. 5.1 - For Exercises 13 through 18, state whether the...Ch. 5.1 - For Exercises 13 through 18, state whether the...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - For Exercises 19 through 26, construct a...Ch. 5.1 - Triangular Numbers The first six triangular...Ch. 5.1 - Child Play in Day Care In a popular day care...Ch. 5.1 - Goals in Hockey The probability that a hockey team...Ch. 5.1 - Mathematics Tutoring Center At a drop-in...Ch. 5.1 - For Exercises 31 through 36, write the...Ch. 5.1 - For Exercises 31 through 36, write the...Ch. 5.1 - For Exercises 31 through 36, write the...Ch. 5.1 - For Exercises 31 through 36, write the...Ch. 5.1 - For Exercises 31 through 36, write the...Ch. 5.1 - For Exercises 31 through 36, write the...Ch. 5.1 - Computer Games The probability that a child plays...Ch. 5.2 - Radiation Exposure On March 28, 1979, the nuclear...Ch. 5.2 - Coffee with Meals A researcher wishes to determine...Ch. 5.2 - Suit Sales The number of suits sold per day at a...Ch. 5.2 - Daily Newspapers A survey was taken of the number...Ch. 5.2 - Trivia Quiz The probabilities that a player will...Ch. 5.2 - New Homes A contractor has four new home plans....Ch. 5.2 - Traffic Accidents The county highway department...Ch. 5.2 - Fitness Machine A fitness center bought a new...Ch. 5.2 - Benfords Law The leading digits in actual data,...Ch. 5.2 - Automobiles A survey shows the probability of the...Ch. 5.2 - Pizza Deliveries A pizza shop owner determines the...Ch. 5.2 - Grab Bags A convenience store has made up 20 grab...Ch. 5.2 - Job Bids A landscape contractor bids on jobs where...Ch. 5.2 - Rolling Dice If a person rolls doubles when she...Ch. 5.2 - Dice Game A person pays 2 to play a certain game...Ch. 5.2 - Lottery Prizes A lottery offers one 1000 prize,...Ch. 5.2 - Winning the Lottery For a daily lottery, a person...Ch. 5.2 - Life Insurance A 35-year-old woman purchases a...Ch. 5.2 - Roulette A roulette wheel has 38 numbers, 1...Ch. 5.2 - Rolling Dice Construct a probability distribution...Ch. 5.2 - Rolling a Die When one die is rolled, the expected...Ch. 5.2 - The formula for finding the variance for a...Ch. 5.2 - Complete the following probability distribution if...Ch. 5.2 - Probability Distribution A bag contains five balls...Ch. 5.3 - Unsanitary Restaurants Health officials routinely...Ch. 5.3 - Which of the following are binomial experiments or...Ch. 5.3 - Which of the following are binomial experiments or...Ch. 5.3 - Compute the probability of X successes, using...Ch. 5.3 - Compute the probability of X successes, using...Ch. 5.3 - Compute the probability of X successes, using the...Ch. 5.3 - Compute the probability of X successes, using the...Ch. 5.3 - Belief in UFOs A survey found that 10% of...Ch. 5.3 - Multiple-Choice Exam A student takes a...Ch. 5.3 - High Blood Pressure Twenty percent of Americans...Ch. 5.3 - High School Dropouts Approximately 10.3% of...Ch. 5.3 - Advertising Three out of four people think most...Ch. 5.3 - Language Spoken at Home by the U.S. Population In...Ch. 5.3 - Prison Inmates Forty percent of prison inmates...Ch. 5.3 - Destination Weddings Twenty-six percent of couples...Ch. 5.3 - People Who Have Some College Education Fifty-three...Ch. 5.3 - Guidance Missile System A missile guidance system...Ch. 5.3 - Find the mean, variance, and standard deviation...Ch. 5.3 - Find the mean, variance, and standard deviation...Ch. 5.3 - Airline Accidents Twenty-five percent of...Ch. 5.3 - Tossing Coins Find the mean, variance, and...Ch. 5.3 - American and Foreign-Born Citizens In 2014 the...Ch. 5.3 - Federal Government Employee E-mail Use It has been...Ch. 5.3 - Watching Fireworks A survey found that 21% of...Ch. 5.3 - Alternate Sources of Fuel Eighty-five percent of...Ch. 5.3 - Survey on Bathing Pets A survey found that 25% of...Ch. 5.3 - Survey on Answering Machine Ownership In a survey,...Ch. 5.3 - Poverty and the Federal Government One out of...Ch. 5.3 - Internet Purchases Thirty-two percent of adult...Ch. 5.3 - Prob. 29ECh. 5.3 - Job Elimination In a recent year, 13% of...Ch. 5.3 - Survey of High School Seniors Of graduating high...Ch. 5.3 - Is this a binomial distribution? Explain.Ch. 5.3 - Children in a Family The graph shown here...Ch. 5.3 - Construct a binomial distribution graph for the...Ch. 5.3 - Show that the mean for a binomial random variable...Ch. 5.4 - Rockets and Targets During the latter days of...Ch. 5.4 - Use the multinomial formula and find the...Ch. 5.4 - Use the multinomial formula and find the...Ch. 5.4 - MMs Color Distribution According to the...Ch. 5.4 - Truck Inspection Violations The probabilities are...Ch. 5.4 - Prob. 5ECh. 5.4 - Mendels Theory According to Mendels theory, if...Ch. 5.4 - Find each probability P(X; ), using Table C in...Ch. 5.4 - Find each probability P(X; ) using Table C in...Ch. 5.4 - Study of Robberies A recent study of robberies for...Ch. 5.4 - Misprints on Manuscript Pages In a 400-page...Ch. 5.4 - Colors of Flowers A nursery provides red impatiens...Ch. 5.4 - Mail Ordering A mail-order company receives an...Ch. 5.4 - Company Mailing Of a companys mailings 1.5% are...Ch. 5.4 - Emission Inspection Failures If 3% of all cars...Ch. 5.4 - Phone Inquiries The average number of phone...Ch. 5.4 - Defective Calculators In a batch of 2000...Ch. 5.4 - School Newspaper Staff A school newspaper staff is...Ch. 5.4 - Job Applicants Twelve people apply for a teaching...Ch. 5.4 - Prob. 19ECh. 5.4 - Defective Computer Keyboards A shipment of 24...Ch. 5.4 - Defective Electronics A shipment of 24 smartphones...Ch. 5.4 - Job Applications Ten people apply for a job at...Ch. 5.4 - Auto Repair Insurance A person calls people to ask...Ch. 5.4 - Prob. 24ECh. 5.4 - Shooting an Arrow Mark shoots arrows at a target...Ch. 5.4 - Amusement Park Game At an amusement park...Ch. 5.4 - Prob. 27ECCh. 5.4 - Prob. 28ECCh. 5.4 - Drawing Cards Cards are drawn at random from a...Ch. 5.4 - Prob. 30ECCh. 5.4 - Prob. 31ECCh. 5.4 - Lessons Outside of School About 2 out of every 3...Ch. 5.4 - Prob. 33ECCh. 5.4 - Work versus Conscience One worker in four in...Ch. 5 - For Exercises 1 through 3, determine whether the...Ch. 5 - For Exercises 1 through 3, determine whether the...Ch. 5 - Prob. 5.1.3RECh. 5 - Prob. 5.1.4RECh. 5 - Credit Cards A large retail company encourages its...Ch. 5 - Prob. 5.1.6RECh. 5 - Shoe Purchases At Shoe World, the manager finds...Ch. 5 - Prob. 5.2.8RECh. 5 - Arrivals at an Airport At a small rural airport,...Ch. 5 - Cans of Paint Purchased During a recent paint sale...Ch. 5 - Phone Customers A phone service center keeps track...Ch. 5 - Outdoor Regatta A producer plans an outdoor...Ch. 5 - Card Game A game is set up as follows: All the...Ch. 5 - Card Game Using Exercise 13, how much should be...Ch. 5 - Let x be a binomial random variable with n = 12...Ch. 5 - Internet Access via Cell Phone In a retirement...Ch. 5 - Self-Driving Automobile Fifty-eight percent of...Ch. 5 - Prob. 5.3.18RECh. 5 - U.S. Police Chiefs and the Death Penalty The...Ch. 5 - Prob. 5.3.20RECh. 5 - Pizza for Breakfast Three out of four American...Ch. 5 - Prob. 5.3.22RECh. 5 - Prob. 5.4.23RECh. 5 - Prob. 5.4.24RECh. 5 - Accounting Errors The probability that an...Ch. 5 - Prob. 5.4.26RECh. 5 - Prob. 5.4.27RECh. 5 - Boating Accidents The number of boating accidents...Ch. 5 - Prob. 5.4.29RECh. 5 - Prob. 5.4.30RECh. 5 - Items Donated to a Food Bank At a food bank a case...Ch. 5 - Prob. 5.4.32RECh. 5 - Prob. 5.4.33RECh. 5 - Determine whether each statement is true or false....Ch. 5 - Determine whether each statement is true or false....Ch. 5 - Determine whether each statement is true or false....Ch. 5 - Determine whether each statement is true or false....Ch. 5 - Complete these statements with the best answer. 5....Ch. 5 - Complete these statements with the best answer. 6....Ch. 5 - Complete these statements with the best answer. 7....Ch. 5 - Select the best answer. 8. What is the sum of the...Ch. 5 - Select the best answer. 9. How many outcomes are...Ch. 5 - Select the best answer. 10. The number of trials...Ch. 5 - Prob. 11CQCh. 5 - Prob. 12CQCh. 5 - For exercises 11 through 14, determine if the...Ch. 5 - For exercises 11 through 14, determine if the...Ch. 5 - Prob. 15CQCh. 5 - Prob. 16CQCh. 5 - Prob. 17CQCh. 5 - Calls for a Crisis Hot Line The number of calls...Ch. 5 - Selecting a Card There are 6 playing cards placed...Ch. 5 - Prob. 20CQCh. 5 - Carpooling If 40% of all commuters ride to work in...Ch. 5 - Employed Women If 60% of all women are employed...Ch. 5 - Prob. 23CQCh. 5 - Meeting Attendance A history class has 75 members....Ch. 5 - Prob. 25CQCh. 5 - Quality Control Check Before a television set...Ch. 5 - Bowling Team Uniforms Among the teams in a bowling...Ch. 5 - Elm Trees If 8% of the population of trees are elm...Ch. 5 - Sports Score Hot Line Calls Sports Scores Hot Line...Ch. 5 - Color of Raincoats There are 48 raincoats for sale...Ch. 5 - Youth Group Officers A youth group has 8 boys and...Ch. 5 - Blood Types About 4% of the citizens of the United...Ch. 5 - Alcohol Abstainers About 35% of Americans abstain...Ch. 5 - Prob. 1CTCCh. 5 - Prob. 2CTCCh. 5 - Prob. 3CTCCh. 5 - Prob. 4CTCCh. 5 - Prob. 5CTC
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- 1 (Expected Shortfall) Suppose the price of an asset Pt follows a normal random walk, i.e., Pt = Po+r₁ + ... + rt with r₁, r2,... being IID N(μ, o²). Po+r1+. ⚫ Suppose the VaR of rt is VaRq(rt) at level q, find the VaR of the price in T days, i.e., VaRq(Pt – Pt–T). - • If ESq(rt) = A, find ES₁(Pt – Pt–T).arrow_forward2 (Normal Distribution) Let rt be a log return. Suppose that r₁, 2, ... are IID N(0.06, 0.47). What is the distribution of rt (4) = rt + rt-1 + rt-2 + rt-3? What is P(rt (4) < 2)? What is the covariance between r2(2) = 1 + 12 and 13(2) = r² + 13? • What is the conditional distribution of r₁(3) = rt + rt-1 + rt-2 given rt-2 = 0.6?arrow_forward3 (Sharpe-ratio) Suppose that X1, X2,..., is a lognormal geometric random walk with parameters (μ, o²). Specifically, suppose that X = Xo exp(rı + ...Tk), where Xo is a fixed constant and r1, T2, ... are IID N(μ, o²). Find the Sharpe-ratios of rk and log(Xk) — log(Xo) respectively, assuming the risk free return is 0.arrow_forward
- i need help with question 2arrow_forward4 (Value-at-Risk and Expected Shortfall) Suppose X Find VaR0.02(X) and ES0.02 (X). ~ Uniform(-1, 1).arrow_forward亚 ח Variables Name avgdr employ educ exerany Label AVG ALCOHOLIC DRINKS PER DAY IN PAST 30 EMPLOYMENT STATUS EDUCATION LEVEL EXERCISE IN PAST 30 DAYSarrow_forward
- Variables Name wage hours IQ KWW educ exper tenure age married black south urban sibs brthord meduc feduc Label monthly earnings average weekly hours IQ score knowledge of world work score years of education years of work experience years with current employer age in years =1 if married =1 if black =1 if live in south =1 if live in SMSA number of siblings birth order mother's education father's educationarrow_forwardInformation for questions 4 • • Please Download "wages" from Canvas (the link to this dataset is right below the HWA1 questions - it is a Microsoft excel worksheet) and store it in your favorite folder. It contains 797 observations and 16 variables. The "state" variable gives the names of the states involved in this dataset. • You need to have excel on your computer to open this dataset. i. You should use File > Import > Excel Spreadsheet etc. as done in class 3 convert this file into a Stata dataset. Once you are done, write the final STATA code that makes the transformation of an excel file to a STATA file possible. ii. Write a code that will close the log file that has been open since Question 1 part ii.arrow_forwardThe mean, variance, skewness and kurtosis of a dataset are given as - Mean = 15, Variance = 20, SKewness = 1.5 and Kurtosis = 3.5 calculate the first four raw moments. (Note- Please include as much detailed solution/steps in the solution to understand, Thank you!)arrow_forward
- Write codes to perform the functions in each of these cases i. ii. Apply cd command to tell STATA the filepath associated with your "favorite folder" (use the same name for the favorite folder that we have been using in class) Apply log using command to tell stata that you are creating a log file to record the codes and the outcomes of these codes. Make sure your log file is called loghwa1_W25.smcl. Do not forget to include the replace option. iii. Get help for the "regress" command & include a screenshot of the outcome of this code iv. V. Open a stata file stored in STATA memory called pop2000.dta Continue from question iv. Save this file in your favorite folder (current working directory) using a different name & a replace optionarrow_forwardAre there any unusually high or low pH levels in this sample of wells?arrow_forward0 n AM RIES s of of 10 m Frequency 40 Frequency 20 20 30 10 You make two histograms from two different data sets (see the following figures), each one containing 200 observations. Which of the histograms has a smaller spread: the first or the second? 40 30 20 10 0 20 40 60 0 20 20 40 60 60 80 80 100 80 100arrow_forward
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