Elementary Statistics
12th Edition
ISBN: 9780321836960
Author: Mario F. Triola
Publisher: PEARSON
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Chapter 6, Problem 4CQQ
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An article appeared in the Journal of Gambling Issues, in which the authors looked at random samples of Ontario residents who (i) have not completed some form of post-secondary education and
(ii) have completed some form of post-secondary education.
A code of 0 indicates the person does not have a gambling problem, a code of 1 indicates the person does have a gambling problem.
The data is found in the accompanying data file.
Download.csv file
To count the frequencies of 0 and 1 in each sample, use the table(your_dataset_name$ column's name) function. Make sure to replace "your_dataset_name" with the actual name of your data file
and specify the correct column name.
For example: table(file60c5d1286c735$ CompletedPSEducation)
Let PNOPS represent the proportion of persons not completing some form of post-secondary education who have a gambling problem, and
PPs be the proportion of persons having completed post-secondary education who have a gambling problem.
(a) Find a 92% confidence…
We consider a (European) call option on a stock with expiration in 3 months and strike
price $10. The annual interest rate on the market is r = 4%. The current price of the stock
is $10 and we assume that the stock follows a geometric Brownian motion (Black-Scholes)
model with parameters = 6% and σ = 0.2.
(a) Determine the price Fo of this option at time t
=
: 0 (today).
(b) Using the formulas provided in the lecture videos, calculate the value of each of the
Greeks for this option. Namely, calculate A, T, v, О, p.
(c) Find a formula for the change of the option price with respect to a change in the
af (St, t)
Әк
strike price. In other words, determine
(d) For each of the suggested modifications below, use an approximation to determine
the change in the price of the option above without actually recalculating the price.
For each one, provide an intuitive argument to explain why the price increases or
decreases.
(i) The rate of return μ decreases to 5%.
(ii) The interest rate r…
A box containing 24 seemly identical resistors has just been received. However,unbeknownst, 4 of these resistors are defective.
a. Five resistors are randomly selected from this box without replacement (oncemoved from the box it is not returned to the box), what is the probability that oneor more of the defective resistors is among those selected?
b. Five resistors are randomly selected from this box with replacement (after theresistor is removed and checked, it is returned to the box prior to the nextselection (hence the same resistor can be selected more than once)), what is theprobability that one or more of the defective resistors is among those selected?
Chapter 6 Solutions
Elementary Statistics
Ch. 6.2 - Normal Distribution When we refer to a normal...Ch. 6.2 - Normal Distribution A normal distribution is...Ch. 6.2 - Standard Normal Distribution Identify the...Ch. 6.2 - Notation What does the notation Z indicate?Ch. 6.2 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.2 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.2 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.2 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.2 - Prob. 9BSCCh. 6.2 - Standard Normal Distribution. In Exercises 912,...
Ch. 6.2 - Prob. 11BSCCh. 6.2 - Prob. 12BSCCh. 6.2 - Prob. 13BSCCh. 6.2 - Prob. 14BSCCh. 6.2 - Prob. 15BSCCh. 6.2 - Prob. 16BSCCh. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Prob. 26BSCCh. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Prob. 28BSCCh. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 1736,...Ch. 6.2 - Standard Normal Distribution. In Exercises 17-36,...Ch. 6.2 - Standard Normal Distribution. In Exercises 17-36,...Ch. 6.2 - Prob. 35BSCCh. 6.2 - Prob. 36BSCCh. 6.2 - Finding Bone Density Scores. In Exercises 37-40...Ch. 6.2 - Finding Bone Density Scores. In Exercises 37-40...Ch. 6.2 - Prob. 39BSCCh. 6.2 - Finding Bone Density Scores. In Exercises 37-40...Ch. 6.2 - Finding Critical Values. In Exercises 41-44, find...Ch. 6.2 - Prob. 42BSCCh. 6.2 - Prob. 43BSCCh. 6.2 - Prob. 44BSCCh. 6.2 - Prob. 45BSCCh. 6.2 - Prob. 46BSCCh. 6.2 - Prob. 47BSCCh. 6.2 - Prob. 48BSCCh. 6.2 - Prob. 49BBCh. 6.2 - Distributions In a continuous uniform...Ch. 6.3 - Pulse Rates Pulse rates of women are normally...Ch. 6.3 - IQ Scores The Wechsler Adult Intelligence Scale is...Ch. 6.3 - Prob. 3BSCCh. 6.3 - Random Digits Computers are commonly used to...Ch. 6.3 - IQ Scores. In Exercises 5-8, find the area of the...Ch. 6.3 - Prob. 6BSCCh. 6.3 - Prob. 7BSCCh. 6.3 - Prob. 8BSCCh. 6.3 - Prob. 9BSCCh. 6.3 - Prob. 10BSCCh. 6.3 - Prob. 11BSCCh. 6.3 - Prob. 12BSCCh. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - IQ Scores. In Exercises 13-20, assume that adults...Ch. 6.3 - In Exercises 21-24, use these parameters (based on...Ch. 6.3 - In Exercises 21-24, use these parameters (based on...Ch. 6.3 - Prob. 23BSCCh. 6.3 - In Exercises 21-24, use these parameters (based on...Ch. 6.3 - Water Taxi Safety When a water taxi sank in...Ch. 6.3 - Prob. 26BSCCh. 6.3 - Prob. 27BSCCh. 6.3 - Prob. 28BSCCh. 6.3 - Prob. 29BSCCh. 6.3 - Aircraft Seat Width Engineers want to design seats...Ch. 6.3 - Chocolate Chip Cookies The Chapter Problem for...Ch. 6.3 - Quarters After 1964, quarters were manufactured so...Ch. 6.3 - Large Data Sets. In Exercises 33 and 34, refer to...Ch. 6.3 - Prob. 34BSCCh. 6.3 - Curving Test Scores A statistics professor gives a...Ch. 6.3 - Using Continuity Correction There are many...Ch. 6.3 - Prob. 37BBCh. 6.3 - SAT and ACT Tests Based on recent results, scores...Ch. 6.4 - Minting Quarters In a recent year, the U.S. Mint...Ch. 6.4 - Sampling with Replacement In a recent year, the...Ch. 6.4 - Unbiased Estimators Data Set 1 in Appendix B...Ch. 6.4 - Prob. 4BSCCh. 6.4 - Prob. 5BSCCh. 6.4 - Prob. 6BSCCh. 6.4 - Prob. 7BSCCh. 6.4 - In Exercises 710, use the same population of {4,...Ch. 6.4 - In Exercises 710, use the same population of {4,...Ch. 6.4 - Prob. 10BSCCh. 6.4 - In Exercises 1114, use the population of ages {56,...Ch. 6.4 - In Exercises 1114, use the population of ages {56,...Ch. 6.4 - In Exercises 1114, use the population of ages {56,...Ch. 6.4 - Prob. 14BSCCh. 6.4 - Births: Sampling Distribution of Sample Proportion...Ch. 6.4 - Births: Sampling Distribution of Sample Proportion...Ch. 6.4 - SAT and ACT Tests Because they enable efficient...Ch. 6.4 - Quality Control After constructing a new...Ch. 6.4 - Prob. 19BBCh. 6.4 - Prob. 20BBCh. 6.5 - Standard Error of the Mean The population of...Ch. 6.5 - Small Sample Heights of adult females are normally...Ch. 6.5 - Notation The population of distances that adult...Ch. 6.5 - Prob. 4BSCCh. 6.5 - Using the Central Limit Theorem. In Exercises 510,...Ch. 6.5 - Using the Central Limit Theorem. In Exercises 510,...Ch. 6.5 - Using the Central Limit Theorem. In Exercises 510,...Ch. 6.5 - Using the Central Limit Theorem. In Exercises 510,...Ch. 6.5 - Using the Central Limit Theorem. In Exercises 510,...Ch. 6.5 - Using the Central Limit Theorem. In Exercises 510,...Ch. 6.5 - Prob. 11BSCCh. 6.5 - Prob. 12BSCCh. 6.5 - Designing Hats Women have head circumferences that...Ch. 6.5 - Designing Manholes According to the website...Ch. 6.5 - Prob. 15BSCCh. 6.5 - Loading MM Packages MM plain candies have a mean...Ch. 6.5 - Prob. 17BSCCh. 6.5 - Pulse Rates of Women Women have pulse rates that...Ch. 6.5 - Redesign of Ejection Seats When women were allowed...Ch. 6.5 - Loading a Tour Boat The Ethan Allen tour boat...Ch. 6.5 - Doorway Height The Boeing 757-200 ER airliner...Ch. 6.5 - Loading Aircraft Before every flight, the pilot...Ch. 6.5 - Prob. 23BBCh. 6.5 - Population Parameters Use the same population of...Ch. 6.6 - Normal Quantile Plot Data Set 1 in Appendix B...Ch. 6.6 - Prob. 2BSCCh. 6.6 - Prob. 3BSCCh. 6.6 - Prob. 4BSCCh. 6.6 - Prob. 5BSCCh. 6.6 - Interpreting Normal Quantile Plots. In Exercises...Ch. 6.6 - Prob. 7BSCCh. 6.6 - Interpreting Normal Quantile Plots. In Exercises...Ch. 6.6 - Prob. 9BSCCh. 6.6 - Determining Normality. In Exercises 912, refer to...Ch. 6.6 - Determining Normality. In Exercises 912, refer to...Ch. 6.6 - Prob. 12BSCCh. 6.6 - Prob. 13BSCCh. 6.6 - Prob. 14BSCCh. 6.6 - Using Technology to Generate Normal Quantile...Ch. 6.6 - Prob. 16BSCCh. 6.6 - Prob. 17BSCCh. 6.6 - Constructing Normal Quantile Plots. In Exercises...Ch. 6.6 - Prob. 19BSCCh. 6.6 - Prob. 20BSCCh. 6.6 - Transformations The heights (in inches) of men...Ch. 6.6 - Earthquake Magnitudes Richter scale earthquake...Ch. 6.6 - Prob. 23BBCh. 6.7 - Exact Value and Approximation Refer to Figure 6-21...Ch. 6.7 - Continuity Correction In a preliminary test of the...Ch. 6.7 - Prob. 3BSCCh. 6.7 - Prob. 4BSCCh. 6.7 - Prob. 5BSCCh. 6.7 - Prob. 6BSCCh. 6.7 - Prob. 7BSCCh. 6.7 - Prob. 8BSCCh. 6.7 - Prob. 9BSCCh. 6.7 - Prob. 10BSCCh. 6.7 - Voters. In Exercises 912, use a normal...Ch. 6.7 - Prob. 12BSCCh. 6.7 - Prob. 13BSCCh. 6.7 - Prob. 14BSCCh. 6.7 - Mendelian Genetics When Mendel conducted his...Ch. 6.7 - Prob. 16BSCCh. 6.7 - XSORT Gender Selection MicroSorts XSORT...Ch. 6.7 - Prob. 18BSCCh. 6.7 - Prob. 19BSCCh. 6.7 - Cell Phones and Brain Cancer In a study of 420,095...Ch. 6.7 - Prob. 21BSCCh. 6.7 - Prob. 22BSCCh. 6.7 - Prob. 23BSCCh. 6.7 - Prob. 24BSCCh. 6.7 - Decision Theory Marc Taylor plans to place 200...Ch. 6.7 - Prob. 26BBCh. 6 - Identify the values of and for the standard...Ch. 6 - Bone Density Test. In Exercises 1-4, assume that...Ch. 6 - Prob. 3CQQCh. 6 - Prob. 4CQQCh. 6 - Prob. 5CQQCh. 6 - Prob. 6CQQCh. 6 - In Exercises 6-10, assume that red blood cell...Ch. 6 - Prob. 8CQQCh. 6 - Prob. 9CQQCh. 6 - Prob. 10CQQCh. 6 - Prob. 1RECh. 6 - Prob. 2RECh. 6 - Window Placement Standing eye heights of men are...Ch. 6 - Sampling Distributions Scores on the ACT test have...Ch. 6 - Prob. 5RECh. 6 - Monorail and Airliner Doors The Mark VI monorail...Ch. 6 - Aircraft Safety Standards Under older Federal...Ch. 6 - Assessing Normality Listed below are the current...Ch. 6 - Prob. 9RECh. 6 - Prob. 10RECh. 6 - Miami Heat The following are current annual...Ch. 6 - Prob. 2CRECh. 6 - Birth Weights Birth weights in the United States...Ch. 6 - POTUS The accompanying graph is a histogram of...Ch. 6 - Left-Handedness According to data from the...Ch. 6 - Binomial Probabilities Section 6-7 described a...Ch. 6 - Prob. 1FDDCh. 6 - Prob. 2FDDCh. 6 - Prob. 3FDDCh. 6 - Critical Thinking: Designing aircraft seats When...Ch. 6 - Critical Thinking: Designing aircraft seats When...Ch. 6 - Critical Thinking: Designing aircraft seats When...
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