![WebAssign Printed Access Card for Brase/Brase's Understandable Statistics: Concepts and Methods, 12th Edition, Single-Term](https://www.bartleby.com/isbn_cover_images/9781337652551/9781337652551_largeCoverImage.gif)
Concept explainers
(a)
Find the
(a)
![Check Mark](/static/check-mark.png)
Answer to Problem 15P
The probability that a single test,
Explanation of Solution
Calculation:
Z score:
The number of standard deviations the original measurement x is from the value of
In the formula, x is the raw score,
The variable x denotes the level of glucose in the blood after a 12-hour fast.
Substitute x as 40,
Use the Appendix II: Tables, Table 5: Areas of a Standard Normal Distribution: to obtain probability less than –1.8.
- Locate the value –1.8 in column z.
- Locate the value 0.00 in top row.
- The intersecting value of row and column is 0.0359.
The probability is,
Hence, the probability that a single test,
(b)
Comment on the probability distribution of
Find the probability that
(b)
![Check Mark](/static/check-mark.png)
Answer to Problem 15P
The probability of
Explanation of Solution
Calculation:
Sampling distribution:
For x distribution the sampling distribution of
In the formula
The
In the formula,
When the x distribution follows normal distribution the sampling distribution of
The mean of the x distribution is
The value of
The standard deviation of the distribution is,
The value of
Substitute
Use the Appendix II: Tables, Table 5: Areas of a Standard Normal Distribution: to obtain probability less than –2.55.
- Locate the value –2.5 in column z.
- Locate the value 0.05 in top row.
- The intersecting value of row and column is 0.0054.
The probability is,
Hence, the probability of
(c)
Comment on the probability distribution of
Find the probability of
(c)
![Check Mark](/static/check-mark.png)
Answer to Problem 15P
The probability of
Explanation of Solution
Calculation:
When the x distribution follows normal distribution the sampling distribution of
The mean of the x distribution is
The value of
The standard deviation of the distribution is,
The value of
Substitute
Use the Appendix II: Tables, Table 5: Areas of a Standard Normal Distribution: to obtain probability less than –3.12.
- Locate the value –2.5 in column z.
- Locate the value 0.05 in top row.
- The intersecting value of row and column is 0.0009.
The probability is,
Hence, the probability of
(d)
Comment on the probability distribution of
Find the probability of
(d)
![Check Mark](/static/check-mark.png)
Answer to Problem 15P
The probability of
Explanation of Solution
Calculation:
When the x distribution follows normal distribution the sampling distribution of
The mean of the x distribution is
The value of
The standard deviation of the distribution is,
The value of
Substitute
Use the Appendix II: Tables, Table 5: Areas of a Standard Normal Distribution: to obtain probability less than –4.03.
- For values of z less than –3.49 the probability is approximately 0.000.
The probability is,
Hence, the probability of
(e)
Identify whether the probabilities decreased as n increased or not.
Explain whether the test result of
(e)
![Check Mark](/static/check-mark.png)
Explanation of Solution
From part (a), the probability that a single test,
From part (b), the probability of
From part (c), the probability of
From part (d), the probability of
It can be observed that, as the number of tests taken about a week apart is increasing the probability of
The variable x denotes the level of glucose in the blood after a 12-hour fast. If the value of x is less than 40 then there would be severe excess insulin. If 5 tests were taken in a week then the probability value for
Hence, the test result of
Want to see more full solutions like this?
Chapter 6 Solutions
WebAssign Printed Access Card for Brase/Brase's Understandable Statistics: Concepts and Methods, 12th Edition, Single-Term
- 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…arrow_forwardExamine 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…arrow_forward2 (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]arrow_forward
- 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.arrow_forward9 (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_forward
- 1 (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_forwardJoy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forwardSolve for X. Explain each step. 2^2x • 2^-4=8arrow_forward
- One hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forwardneed help with part barrow_forwardSuppose you know that Bob's test score is above the mean, but he doesn't remember by how much. At least how many students must score lower than Bob?arrow_forward
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
![Text book image](https://www.bartleby.com/isbn_cover_images/9781680331141/9781680331141_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)