Essentials of Statistics (5th Edition)
5th Edition
ISBN: 9780321924599
Author: Mario F. Triola
Publisher: PEARSON
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Textbook Question
Chapter 5.2, Problem 23BB
- a. How many different selections are possible?
- b. What is the
probability of winning - c. If you win, what is your net profit?
- d. Find the expected value.
- e. If you bet $1 on the pass line in the casino dice game of craps, the expected value is −1.4ϕ. Which bet is better a $1 bet in the Texas Pick 3 game or a $1 bet on the pass line in craps? Explain
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The following table shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors (aaii.com, February 2002). Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts.
Click on the datafile logo to reference the data.
DATA file
Company
DeWolfe Companies
Exchange
Ticker
Symbol
Market
Cap
($ millions)
Price/
Gross
Profit
Earnings
Ratio
Margin
(%)
AMEX
DWL
36.4
8.4
36.7
North Coast Energy
OTC
NCEB
52.5
6.2
59.3
Hansen Natural Corp.
OTC
HANS
41.1
14.6
44.8
MarineMax, Inc.
NYSE
HZO
111.5
7.2
23.8
Nanometrics Incorporated
OTC
NANO
228.6
38.0
53.3
TeamStaff, Inc.
OTC
TSTF
92.1
33.5
4.1
Environmental Tectonics
AMEX
ETC
51.1
35.8
35.9
Measurement Specialties
AMEX
MSS
101.8
26.8
37.6
SEMCO Energy, Inc.
NYSE
SEN
193.4
18.7
23.6
Party City Corporation
OTC
PCTY
97.2
15.9
36.4
Embrex, Inc.
OTC
EMBX
136.5
18.9
59.5
Tech/Ops Sevcon, Inc.
AMEX
ΤΟ
23.2
20.7
35.7
ARCADIS NV
OTC
ARCAF
173.4…
The following table shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors (aaii.com, February 2002). Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts.
Click on the datafile logo to reference the data.
DATA file
Company
DeWolfe Companies
Exchange
AMEX
Ticker
Symbol
Market
Cap
Price/
Gross
Profit
Earnings Margin
($ millions)
Ratio
(%)
DWL
36.4
8.4
36.7
North Coast Energy
OTC
NCEB
52.5
6.2
59.3
Hansen Natural Corp.
OTC
HANS
41.1
14.6
44.8
MarineMax, Inc.
NYSE
HZO
111.5
7.2
23.8
Nanometrics Incorporated
OTC
NANO
228.6
38.0
53.3
TeamStaff, Inc.
OTC
TSTF
92.1
33.5
4.1
Environmental Tectonics
AMEX
ETC
51.1
35.8
35.9
Measurement Specialties
AMEX
MSS
101.8
26.8
37.6
SEMCO Energy, Inc.
NYSE
SEN
193.4
18.7
23.6
Party City Corporation
OTC
PCTY
97.2
15.9
36.4
Embrex, Inc.
OTC
EMBX
136.5
18.9
59.5
Tech/Ops Sevcon, Inc.
AMEX
ΤΟ
23.2
20.7
35.7
ARCADIS NV
OTC
ARCAF
173.4…
Chapter 5 Solutions
Essentials of Statistics (5th Edition)
Ch. 5.2 - Random Variable Table 5-7 lists probabilities for...Ch. 5.2 - Discrete or Continuous? Is the random variable...Ch. 5.2 - Probability Distribution Does Table 5-7 describe a...Ch. 5.2 - Unusual For 200 births, the probability of exactly...Ch. 5.2 - Identifying Discrete and Continuous Random...Ch. 5.2 - Prob. 6BSCCh. 5.2 - Identifying Probability Distributions. In...Ch. 5.2 - Identifying Probability Distributions. In...Ch. 5.2 - Identifying Probability Distributions. In...Ch. 5.2 - Identifying Probability Distributions. In...
Ch. 5.2 - Identifying Probability Distributions. In...Ch. 5.2 - Identifying Probability Distributions. In...Ch. 5.2 - Happiness In a survey sponsored by Coca-Cola,...Ch. 5.2 - Identifying Probability Distributions. In...Ch. 5.2 - Genetics. In Exercises 15-18, refer to the...Ch. 5.2 - Genetics. In Exercises 15-18, refer to the...Ch. 5.2 - Genetics. In Exercises 15-18, refer to the...Ch. 5.2 - Genetics. In Exercises 15-18, refer to the...Ch. 5.2 - Car Failures. In Exercises 19-22, refer to the...Ch. 5.2 - Car Failures. In Exercises 19-22, refer to the...Ch. 5.2 - Car Failures. In Exercises 19-22, refer to the...Ch. 5.2 - Prob. 22BSCCh. 5.2 - Expected Value for the Texas Pick 3 Game In the...Ch. 5.2 - Expected Value in Maines Pick 4 Game In Maines...Ch. 5.2 - Prob. 25BBCh. 5.2 - Expected Value for Deal or No Deal The television...Ch. 5.3 - Calculating Probabilities Based on a Saint Index...Ch. 5.3 - Consistent Notation If we use the binomial...Ch. 5.3 - Prob. 3BSCCh. 5.3 - Notation of 0+ Using the same survey from Exercise...Ch. 5.3 - Identifying Binomial Distributions. In Exercises...Ch. 5.3 - Identifying Binomial Distributions. In Exercises...Ch. 5.3 - Veggie Survey In an Idaho Potato Commission survey...Ch. 5.3 - Veggie Survey In an Idaho Potato Commission survey...Ch. 5.3 - Surveying Senators The current Senate consists of...Ch. 5.3 - Identifying Binomial Distributions. In Exercises...Ch. 5.3 - Prob. 11BSCCh. 5.3 - Prob. 12BSCCh. 5.3 - Binomial Probability Formula. In Exercises 13 and...Ch. 5.3 - Prob. 14BSCCh. 5.3 - Using the Binomial Probability Table. In Exercises...Ch. 5.3 - Prob. 16BSCCh. 5.3 - Using the Binomial Probability Table. In Exercises...Ch. 5.3 - Prob. 18BSCCh. 5.3 - Prob. 19BSCCh. 5.3 - Using the Binomial Probability Table. In Exercises...Ch. 5.3 - Prob. 21BSCCh. 5.3 - Prob. 22BSCCh. 5.3 - Prob. 23BSCCh. 5.3 - Prob. 24BSCCh. 5.3 - Using Computer Results. In Exercises 2528, refer...Ch. 5.3 - Prob. 26BSCCh. 5.3 - Prob. 27BSCCh. 5.3 - Using Computer Results. In Exercises 2528, refer...Ch. 5.3 - See You Later Based on a Harris Interactive poll,...Ch. 5.3 - Live TV Based on a Comcast survey, there is a 0.8...Ch. 5.3 - Too Young to Tat Based on a Harris poll, among...Ch. 5.3 - Tainted Currency Based on the American Chemical...Ch. 5.3 - Prob. 33BSCCh. 5.3 - Prob. 34BSCCh. 5.3 - On-Time Flights The U.S. Department of...Ch. 5.3 - Prob. 36BSCCh. 5.3 - Nielsen Rating CBS televised a recent Super Bowl...Ch. 5.3 - Overbooking Flights When someone buys a ticket for...Ch. 5.3 - XSORT Method of Gender Selection When testing a...Ch. 5.3 - Prob. 40BSCCh. 5.3 - Prob. 41BSCCh. 5.3 - Prob. 42BSCCh. 5.3 - Acceptance Sampling. Exercises 35 and 36 involve...Ch. 5.3 - Prob. 44BSCCh. 5.3 - Prob. 45BBCh. 5.3 - Prob. 46BBCh. 5.3 - Prob. 47BBCh. 5.3 - Prob. 48BBCh. 5.4 - Prob. 1BSCCh. 5.4 - Prob. 2BSCCh. 5.4 - Prob. 3BSCCh. 5.4 - Prob. 4BSCCh. 5.4 - Finding , , and Unusual Values. In Exercises 58,...Ch. 5.4 - Prob. 6BSCCh. 5.4 - Prob. 7BSCCh. 5.4 - Prob. 8BSCCh. 5.4 - Prob. 9BSCCh. 5.4 - Prob. 10BSCCh. 5.4 - Are 20% of MM Candies Orange? Mars, Inc. claims...Ch. 5.4 - Are 14% of MM Candies Yellow? Mars, Inc. claims...Ch. 5.4 - Cell Phones and Brain Cancer In a study of 420,095...Ch. 5.4 - Prob. 14BSCCh. 5.4 - Prob. 15BSCCh. 5.4 - Prob. 16BSCCh. 5.4 - Prob. 17BSCCh. 5.4 - Prob. 18BSCCh. 5.4 - Born on the 4th of July For the following...Ch. 5.4 - Prob. 20BSCCh. 5.4 - Prob. 21BBCh. 5.4 - Prob. 23BBCh. 5 - Is a probability distribution defined if the only...Ch. 5 - There are 100 questions from an SAT test, and they...Ch. 5 - Using the same SAT questions described in Exercise...Ch. 5 - Prob. 4CQQCh. 5 - If boys and girls are equally likely, groups of400...Ch. 5 - In Exercises 610, use the following: Five American...Ch. 5 - x p(x) 0 0+ 1 0.006 2 0.051 3 0.205 4 0.409 5...Ch. 5 - In Exercises 610, use the following: Five American...Ch. 5 - In Exercises 610, use the following: Five American...Ch. 5 - In Exercises 610, use the following: Five American...Ch. 5 - In Exercises 14, assume that 40% of the population...Ch. 5 - Prob. 2RECh. 5 - Prob. 3RECh. 5 - Brown Eyes When randomly selecting 600 people, the...Ch. 5 - In Exercises 5 and 6, refer to the table in die...Ch. 5 - In Exercises 5 and 6, refer to the table in die...Ch. 5 - Prob. 7RECh. 5 - Prob. 8RECh. 5 - Expected Value for a Magazine Sweepstakes Readers...Ch. 5 - Prob. 10RECh. 5 - Please be aware that some of the following...Ch. 5 - Ohio Pick 4 In Ohios Pick 4 game, you pay 1 to...Ch. 5 - Tennis Challenge In the last U.S. Open tennis...Ch. 5 - Prob. 4CRECh. 5 - Random Digits The digits 0, 1, 2,3,4, 5,6,7, 8,...Ch. 5 - Prob. 6CRECh. 5 - FROM DATA TO DECISION Critical Thinking: Did...
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