Introduction to Statistics and Data Analysis
5th Edition
ISBN: 9781305750999
Author: Peck Olson Devore
Publisher: CENGAGE C
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Chapter 6.4, Problem 31E
The article “Chances Are You Know Someone with a Tattoo, and He’s Not a Sailor” (Associated Press, June 11, 2006) included results from a survey of adults aged 18 to 50. The accompanying data are consistent with summary values given in the article.
Assuming these data are representative of adult Americans and that an adult American is selected at random, use the given information to estimate the following
- a. P(tattoo)
- b. P(tattoo|age) 18–29)
- c. P(tattoo|age) 30–50)
- d. P(age 18–29|tattoo)
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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…
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Chapter 6 Solutions
Introduction to Statistics and Data Analysis
Ch. 6.1 - Define the term chance experiment, and give an...Ch. 6.1 - Define the term sample space, and then give the...Ch. 6.1 - Consider the chance experiment in which the type...Ch. 6.1 - A tennis shop sells five different brands of...Ch. 6.1 - A new model of laptop computer can be ordered with...Ch. 6.1 - A college library has four copies of a certain...Ch. 6.1 - A library has five copies of a certain textbook on...Ch. 6.1 - Suppose that, starting at a certain time,...Ch. 6.1 - Refer to the previous exercise and now suppose...Ch. 6.1 - Prob. 10E
Ch. 6.1 - An engineering construction firm is currently...Ch. 6.1 - Consider a Venn diagram picturing two events A and...Ch. 6.3 - A large department store offers online ordering....Ch. 6.3 - The manager of a music store has kept records of...Ch. 6.3 - A bookstore sells two types of books (fiction and...Ch. 6.3 - ▼ Medical insurance status—covered (C) or not...Ch. 6.3 - Roulette is a game of chance that involves...Ch. 6.3 - Phoenix is a hub for a large airline. Suppose that...Ch. 6.3 - A professor assigns five problems to be completed...Ch. 6.3 - Refer to the following information on full-term...Ch. 6.3 - Prob. 21ECh. 6.3 - Prob. 22ECh. 6.3 - Prob. 23ECh. 6.3 - Prob. 24ECh. 6.3 - A deck of 52 playing cards is mixed well, and 5...Ch. 6.3 - Prob. 26ECh. 6.3 - The student council for a school of science and...Ch. 6.3 - A student placement center has requests from five...Ch. 6.3 - Prob. 29ECh. 6.4 - Two different airlines have a flight from Los...Ch. 6.4 - The article Chances Are You Know Someone with a...Ch. 6.4 - The accompanying data are from the article...Ch. 6.4 - The following graphical display is similar to one...Ch. 6.4 - Delayed diagnosis of cancer is a problem because...Ch. 6.4 - The events E and T are defined as E = the event...Ch. 6.4 - The newspaper article Folic Acid Might Reduce Risk...Ch. 6.4 - Suppose that an individual is randomly selected...Ch. 6.4 - Is ultrasound a reliable method for determining...Ch. 6.4 - The table at the top of the next page summarizes...Ch. 6.4 - USA Today (June 6, 2000) gave information on seal...Ch. 6.4 - Prob. 41ECh. 6.4 - The paper Good for Women, Good for Men, Bad for...Ch. 6.5 - Many fire stations handle emergency calls for...Ch. 6.5 - The paper Predictors of Complementary Therapy Use...Ch. 6.5 - The report TV Drama/Comedy Viewers and Health...Ch. 6.5 - Prob. 46ECh. 6.5 - Prob. 47ECh. 6.5 - In a small city, approximately 15% of those...Ch. 6.5 - Jeanie is a bit forgetful, and if she doesnt make...Ch. 6.5 - Prob. 50ECh. 6.5 - Prob. 51ECh. 6.5 - Prob. 52ECh. 6.5 - The following case study was reported in the...Ch. 6.5 - Three friends (A, B, and C) will participate in a...Ch. 6.5 - Prob. 55ECh. 6.5 - A store sells two different brands of dishwasher...Ch. 6.5 - The National Public Radio show Car Talk used to...Ch. 6.5 - Refer to the previous exercise. Suppose now that...Ch. 6.6 - A university has 10 vehicles available for use by...Ch. 6.6 - Prob. 60ECh. 6.6 - Prob. 61ECh. 6.6 - Let F denote the event that a randomly selected...Ch. 6.6 - According to a July 31, 2013 posting on cnn.com, a...Ch. 6.6 - Suppose that Blue Cab operates 15% of the taxis in...Ch. 6.6 - A large cable company reports the following: 80%...Ch. 6.6 - Refer to the information given in the previous...Ch. 6.6 - The authors of the paper Do Physicians Know When...Ch. 6.6 - A study of how people are using online services...Ch. 6.6 - Prob. 69ECh. 6.6 - Prob. 70ECh. 6.6 - Prob. 71ECh. 6.6 - Prob. 72ECh. 6.6 - Prob. 73ECh. 6.6 - The paper referenced in the previous exercise also...Ch. 6.6 - In an article that appears on the web site of the...Ch. 6.6 - Prob. 76ECh. 6.6 - Only 0.1% of the individuals in a certain...Ch. 6.7 - The Los Angeles Times (June 14, 1995) reported...Ch. 6.7 - Five hundred first-year students at a state...Ch. 6.7 - The table given below describes (approximately)...Ch. 6.7 - On April 1, 2010, the Bureau of the Census in the...Ch. 6 - A company uses three different assembly linesA1,...Ch. 6 - Prob. 88CRCh. 6 - Prob. 89CRCh. 6 - Prob. 90CRCh. 6 - Prob. 91CRCh. 6 - A company sends 40% of its overnight mail parcels...Ch. 6 - Prob. 93CRCh. 6 - Prob. 94CRCh. 6 - In a school machine shop, 60% of all machine...Ch. 6 - There are five faculty members in a certain...Ch. 6 - The general addition rule for three events states...Ch. 6 - A theater complex is currently showing four...Ch. 6 - Prob. 100CRCh. 6 - Suppose that a box contains 25 light bulbs, of...Ch. 6 - Prob. 102CRCh. 6 - A transmitter is sending a message using a binary...
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