Finite Mathematics
7th Edition
ISBN: 9781337280426
Author: Stefan Waner, Steven Costenoble
Publisher: Cengage Learning
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Textbook Question
Chapter 7.4, Problem 11E
Dogs of the Dow The “Dogs of the Dow” are the stocks listed on the Dow with the highest dividend yield. Exercises 11–16 are based on the following table, which shows the top ten stocks of the “Dogs of the Dow” list for 2015, based on their performance the preceding year.47 [HinT: See Example 2.]
Symbol | Company | Price | Yield |
T | aT&T | 33.59 | 5.48% |
VZ | Verizon | 46.78 | 4.70% |
CVX | Chevron | 112.18 | 3.82% |
MCD | McDonald’s | 93.70 | 3.63% |
PFE | Pfizer | 31.15 | 3.60% |
GE | General Electric | 25.27 | 3.48% |
MRK | Merck | 56.79 | 3.17% |
CAT | Caterpillar | 91.53 | 3.06% |
XOM | ExxonMobil | 92.45 | 2.99% |
KO | Coca-Cola | 42.22 | 2.89% |
If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.75% or more?
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Q4A
The World Bank collected data on the percentage of GDP that a country spends on health expenditures ("Health expenditure," 2013) and also the percentage of women receiving prenatal care ("Pregnant woman receiving," 2013). The data for the 15 countries where this information are available for the year 2011 is in the table below:
Health Expenditure (% of GDP)
Prenatal Care (%)
9.6
47.9
3.7
54.6
5.2
93.7
5.2
84.7
10.0
100.0
4.7
42.5
4.8
96.4
6.0
77.1
5.4
58.3
4.8
95.4
4.1
78.0
6.0
93.3
9.5
93.3
6.8
93.7
6.1
89.8
1. Determine the correlation between variables (if it exists) in this relation. Which variable is the dependent (output) variable?
A. Percent of women receiving prenatal care
B. Percent of gross domestic product (GDP) spent on healthcare
Enter letter corresponding to correct answer
2. Using technology, determine coefficient of correlation r
Enter r value to…
Q2A
The World Bank collected data on the percentage of GDP that a country spends on health expenditures ("Health expenditure," 2013) and also the percentage of women receiving prenatal care ("Pregnant woman receiving," 2013). The data for the 15 countries where this information are available for the year 2011 is in the table below:
Health Expenditure (% of GDP)
Prenatal Care (%)
9.6
47.9
3.7
54.6
5.2
93.7
5.2
84.7
10.0
100.0
4.7
42.5
4.8
96.4
6.0
77.1
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4.1
78.0
6.0
93.3
9.5
93.3
6.8
93.7
6.1
89.8
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Enter regression equation the format as follows:
y^=a+bx
with slope rounded to nearest thousandth and y-intercept value rounded to nearest thousandth. Examples of correctly entered answers:
y^=4.913+17.347x
y^=7.553-11.225x
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Chapter 7 Solutions
Finite Mathematics
Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - Prob. 7ECh. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - Prob. 9ECh. 7.1 - In Exercises 118, describe the sample space S of...
Ch. 7.1 - Prob. 11ECh. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - Prob. 14ECh. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - In Exercises 118, describe the sample space S of...Ch. 7.1 - A packet of gummy candy contains four strawberry...Ch. 7.1 - A bag contains three red marbles, two blue ones,...Ch. 7.1 - President Barack H. 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When we...Ch. 7.4 - Prob. 51ECh. 7.4 - Prob. 52ECh. 7.4 - Prob. 53ECh. 7.4 - Prob. 54ECh. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - Prob. 3ECh. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - Prob. 9ECh. 7.5 - In Exercises 110, compute the indicated quantity....Ch. 7.5 - In Exercises 1116, fill in the blanks using the...Ch. 7.5 - In Exercises 1116, fill in the blanks using the...Ch. 7.5 - Prob. 13ECh. 7.5 - In Exercises 1116, fill in the blanks using the...Ch. 7.5 - In Exercises 1116, fill in the blanks using the...Ch. 7.5 - In Exercises 1116, fill in the blanks using the...Ch. 7.5 - In Exercises 1722, find the conditional...Ch. 7.5 - In Exercises 1722, find the conditional...Ch. 7.5 - Prob. 19ECh. 7.5 - In Exercises 1722, find the conditional...Ch. 7.5 - Prob. 21ECh. 7.5 - In Exercises 1722, find the conditional...Ch. 7.5 - Exercises 2328 require the use of counting...Ch. 7.5 - Exercises 2328 require the use of counting...Ch. 7.5 - Exercises 2328 require the use of counting...Ch. 7.5 - Exercises 2328 require the use of counting...Ch. 7.5 - Exercises 2328 require the use of counting...Ch. 7.5 - Exercises 2328 require the use of counting...Ch. 7.5 - Prob. 29ECh. 7.5 - In Exercises 2932, supply the missing quantities....Ch. 7.5 - In Exercises 2932, supply the missing quantities....Ch. 7.5 - In Exercises 2932, supply the missing quantities....Ch. 7.5 - In Exercises 3336, say whether the given pair of...Ch. 7.5 - In Exercises 3336, say whether the given pair of...Ch. 7.5 - In Exercises 3336, say whether the given pair of...Ch. 7.5 - In Exercises 3336, say whether the given pair of...Ch. 7.5 - Prob. 37ECh. 7.5 - In Exercises 3742, two dice (one red and one...Ch. 7.5 - In Exercises 3742, two dice (one red and one...Ch. 7.5 - In Exercises 3742, two dice (one red and one...Ch. 7.5 - Prob. 41ECh. 7.5 - In Exercises 3742, two dice (one red and one...Ch. 7.5 - If a coin is tossed 11 times, find the probability...Ch. 7.5 - Prob. 44ECh. 7.5 - Personal Bankruptcy In 2004 the probability that a...Ch. 7.5 - Personal Bankruptcy In 2004 the probability that a...Ch. 7.5 - Existing Home Sales During the year ending April...Ch. 7.5 - Existing Home Sales Refer to the data given in...Ch. 7.5 - Prob. 49ECh. 7.5 - Social Security According to The New York...Ch. 7.5 - Prob. 51ECh. 7.5 - Marketing A market survey shows that 60% of the...Ch. 7.5 - Prob. 53ECh. 7.5 - Prob. 54ECh. 7.5 - Publishing Exercises 5562 are based on the...Ch. 7.5 - Publishing Exercises 5562 are based on the...Ch. 7.5 - Prob. 57ECh. 7.5 - Publishing Exercises 5562 are based on the...Ch. 7.5 - Publishing Exercises 5562 are based on the...Ch. 7.5 - Publishing Exercises 5562 are based on the...Ch. 7.5 - Publishing Exercises 5562 are based on the...Ch. 7.5 - Publishing Exercises 5562 are based on the...Ch. 7.5 - Prob. 63ECh. 7.5 - Prob. 64ECh. 7.5 - In Exercises 6368, draw an appropriate tree...Ch. 7.5 - In Exercises 6368, draw an appropriate tree...Ch. 7.5 - Prob. 67ECh. 7.5 - Prob. 68ECh. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Education and Employment Exercises 6978 are based...Ch. 7.5 - Air Bag Safety According to a 2000 study conducted...Ch. 7.5 - Air Bag Safety According to the study cited in...Ch. 7.5 - Prob. 81ECh. 7.5 - Prob. 82ECh. 7.5 - Internet Use in 2000 The following pie chart shows...Ch. 7.5 - Internet Use in 2001 Repeat Exercise 83 using the...Ch. 7.5 - Auto Theft Exercises 8590 are based on the...Ch. 7.5 - Prob. 86ECh. 7.5 - Prob. 87ECh. 7.5 - Auto Theft Exercises 8590 are based on the...Ch. 7.5 - Prob. 89ECh. 7.5 - Prob. 90ECh. 7.5 - Drug Tests If 90% of the athletes who test...Ch. 7.5 - Fitness Tests If 80% of candidates for the soccer...Ch. 7.5 - Prob. 93ECh. 7.5 - Food Safety According to the study mentioned in...Ch. 7.5 - Prob. 95ECh. 7.5 - Prob. 96ECh. 7.5 - Ultimate Hockey Cyber Video Games, Inc., the...Ch. 7.5 - Ultimate Hockey (See Exercise 97.) Cyber Video...Ch. 7.5 - The probability of misspelling Waner is p and is...Ch. 7.5 - The probability of spelling Waner correctly is p,...Ch. 7.5 - Prob. 101ECh. 7.5 - Name three pairs of independent events when a pair...Ch. 7.5 - Prob. 103ECh. 7.5 - Prob. 104ECh. 7.5 - Prob. 105ECh. 7.5 - Prob. 106ECh. 7.5 - Prob. 107ECh. 7.5 - Prob. 108ECh. 7.5 - Prob. 109ECh. 7.5 - Prob. 110ECh. 7.5 - Prob. 111ECh. 7.5 - Prob. 112ECh. 7.6 - In Exercises 18, use Bayes theorem or a tree...Ch. 7.6 - Prob. 2ECh. 7.6 - Prob. 3ECh. 7.6 - In Exercises 18, use Bayes theorem or a tree...Ch. 7.6 - In Exercises 18, use Bayes theorem or a tree...Ch. 7.6 - In Exercises 18, use Bayes theorem or a tree...Ch. 7.6 - Prob. 7ECh. 7.6 - In Exercises 18, use Bayes theorem or a tree...Ch. 7.6 - Music Downloading According to a study on the...Ch. 7.6 - Music Downloading According to the study cited in...Ch. 7.6 - Weather It snows in Greenland an average of once...Ch. 7.6 - Weather It rains in Spain an average of once every...Ch. 7.6 - University Admissions In fall 2014, 34% of...Ch. 7.6 - University Admissions In fall 2014, 71% of...Ch. 7.6 - Side-Impact Hazard In 2004, 45.4% of all light...Ch. 7.6 - Side-Impact Hazard In 2004, 27.3% of all light...Ch. 7.6 - Athletic Fitness Tests Any athlete who fails the...Ch. 7.6 - Academic Testing Professor Frank Nabarro insists...Ch. 7.6 - Side-Impact Hazard (Compare Exercise 15.) In 2004,...Ch. 7.6 - Side-Impact Hazard In 1986, 23.9% of all light...Ch. 7.6 - University Admissions In fall 2008, UCLA admitted...Ch. 7.6 - Prob. 22ECh. 7.6 - Prob. 23ECh. 7.6 - Internet Use (Historical) In 2000, 59% of all...Ch. 7.6 - Market Surveys A New York Times survey of...Ch. 7.6 - Prob. 26ECh. 7.6 - Grade Complaints Two of the mathematics professors...Ch. 7.6 - Weather Prediction A local TV station employs...Ch. 7.6 - Employment in the 1980s In a 1987 survey of...Ch. 7.6 - Employment in the 1980s Repeat Exercise 29 in the...Ch. 7.6 - Prob. 31ECh. 7.6 - Prob. 32ECh. 7.6 - Benefits of Exercise According to a study in The...Ch. 7.6 - Prob. 34ECh. 7.6 - Air Bag Safety According to a 2000 study conducted...Ch. 7.6 - Prob. 36ECh. 7.6 - Prob. 37ECh. 7.6 - Prob. 38ECh. 7.6 - Prob. 39ECh. 7.6 - Prob. 40ECh. 7.6 - Prob. 41ECh. 7.6 - Write down an expanded form of Bayes theorem that...Ch. 7.6 - Prob. 43ECh. 7.6 - Politics Refer back to Exercise 43. If the letter...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - Prob. 9ECh. 7.7 - In Exercises 110, write down the transition matrix...Ch. 7.7 - In Exercises 1124, you are given a transition...Ch. 7.7 - In Exercises 1124, you are given a transition...Ch. 7.7 - Prob. 13ECh. 7.7 - In Exercises 1124, you are given a transition...Ch. 7.7 - In Exercises 1124, you are given a transition...Ch. 7.7 - In Exercises 1124, you are given a transition...Ch. 7.7 - Prob. 17ECh. 7.7 - Prob. 18ECh. 7.7 - Prob. 19ECh. 7.7 - In Exercises 1124, you are given a transition...Ch. 7.7 - Prob. 21ECh. 7.7 - Prob. 22ECh. 7.7 - Prob. 23ECh. 7.7 - Prob. 24ECh. 7.7 - In Exercises 2536, you are given a transition...Ch. 7.7 - In Exercises 2536, you are given a transition...Ch. 7.7 - Prob. 27ECh. 7.7 - Prob. 28ECh. 7.7 - Prob. 29ECh. 7.7 - In Exercises 2536, you are given a transition...Ch. 7.7 - In Exercises 2536, you are given a transition...Ch. 7.7 - Prob. 32ECh. 7.7 - Prob. 33ECh. 7.7 - Prob. 34ECh. 7.7 - In Exercises 2536, you are given a transition...Ch. 7.7 - Prob. 36ECh. 7.7 - Marketing A market survey shows that half the...Ch. 7.7 - Major Switching At Suburban Community College, 10%...Ch. 7.7 - Pest Control In an experiment to test the...Ch. 7.7 - Employment You have worked for the Department of...Ch. 7.7 - Prob. 41ECh. 7.7 - Debt Analysis A credit card company classifies its...Ch. 7.7 - Textbook Adoptions College instructors who adopt...Ch. 7.7 - Confidence Level Tommy the Dunkers performance on...Ch. 7.7 - Debt Analysis As the manager of a large retailing...Ch. 7.7 - Prob. 46ECh. 7.7 - Prob. 51ECh. 7.7 - Dissipation Consider the following five-state...Ch. 7.7 - Prob. 54ECh. 7.7 - Prob. 55ECh. 7.7 - Prob. 56ECh. 7.7 - Describe some drawbacks to using Markov processes...Ch. 7.7 - Prob. 58ECh. 7.7 - Prob. 59ECh. 7.7 - Prob. 60ECh. 7.7 - Prob. 61ECh. 7.7 - Prob. 62ECh. 7.7 - Prob. 63ECh. 7.7 - Prob. 64ECh. 7.7 - Prob. 65ECh. 7.7 - Prob. 66ECh. 7 - In Exercises 16, say how many elements are in the...Ch. 7 - In Exercises 16, say how many elements are in the...Ch. 7 - In Exercises 16, say how many elements are in the...Ch. 7 - In Exercises 16, say how many elements are in the...Ch. 7 - In Exercises 16, say how many elements are in the...Ch. 7 - In Exercises 16, say how many elements are in the...Ch. 7 - In Exercises 710, calculate the relative frequency...Ch. 7 - In Exercises 710, calculate the relative frequency...Ch. 7 - In Exercises 710, calculate the relative frequency...Ch. 7 - In Exercises 710, calculate the relative frequency...Ch. 7 - In Exercises 1114, calculate the probability P(E)....Ch. 7 - In Exercises 1114, calculate the probability P(E)....Ch. 7 - In Exercises 1114, calculate the probability P(E)....Ch. 7 - In Exercises 1114, calculate the probability P(E)....Ch. 7 - A bag contains four red marbles, two green ones,...Ch. 7 - Prob. 16RECh. 7 - A bag contains four red marbles, two green ones,...Ch. 7 - A bag contains four red marbles, two green ones,...Ch. 7 - A bag contains four red marbles, two green ones,...Ch. 7 - Prob. 20RECh. 7 - In Exercises 2126, find the probability of being...Ch. 7 - In Exercises 2126, find the probability of being...Ch. 7 - In Exercises 2126, find the probability of being...Ch. 7 - Prob. 24RECh. 7 - Prob. 25RECh. 7 - Prob. 26RECh. 7 - Two dice, one green and one yellow, are rolled. In...Ch. 7 - Two dice, one green and one yellow, are rolled. In...Ch. 7 - Prob. 29RECh. 7 - Two dice, one green and one yellow, are rolled. In...Ch. 7 - Prob. 31RECh. 7 - Two dice, one green and one yellow, are rolled. In...Ch. 7 - A poll shows that half the consumers who use Brand...Ch. 7 - A poll shows that half the consumers who use Brand...Ch. 7 - A poll shows that half the consumers who use Brand...Ch. 7 - A poll shows that half the consumers who use Brand...Ch. 7 - Inventory OHaganBooks.com currently operates three...Ch. 7 - Prob. 38RECh. 7 - Inventory OHaganBooks.com currently operates three...Ch. 7 - Prob. 40RECh. 7 - Inventory OHaganBooks.com currently operates three...Ch. 7 - Prob. 42RECh. 7 - Prob. 43RECh. 7 - Prob. 44RECh. 7 - Marketing To gauge the effectiveness of the...Ch. 7 - Prob. 46RECh. 7 - Prob. 47RECh. 7 - Prob. 48RECh. 7 - Prob. 49RECh. 7 - Prob. 50RECh. 7 - Sales According to statistics gathered by...Ch. 7 - Prob. 52RECh. 7 - University Admissions In the year when Billy-Sean...Ch. 7 - Prob. 54RECh. 7 - Competition As was mentioned earlier,...Ch. 7 - Competition As was mentioned earlier,...Ch. 7 - Prob. 57RECh. 7 - Prob. 58RE
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- Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 57. If you meet five U.S. citizens, what is the percent chance that exactly one is elderly? (Round to the nearest tenth of a percent.)arrow_forwardUse this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 59. If you meet five U.S. citizens, what is the percent chance that four are elderly? (Round to the nearest thousandth of a percent.)arrow_forwardQ4B The World Bank collected data on the percentage of GDP that a country spends on health expenditures ("Health expenditure," 2013) and also the percentage of women receiving prenatal care ("Pregnant woman receiving," 2013). The data for the 15 countries where this information are available for the year 2011 is in the table below: Health Expenditure (% of GDP) Prenatal Care (%) 9.6 47.9 3.7 54.6 5.2 93.7 5.2 84.7 10.0 100.0 4.7 42.5 4.8 96.4 6.0 77.1 5.4 58.3 4.8 95.4 4.1 78.0 6.0 93.3 9.5 93.3 6.8 93.7 6.1 89.8 4. Use the correlation coefficient r to find the coefficient of determination r2 Enter answer to nearest ten-thousandth. Examples of correctly entered responses: 0.9566 0.4070 0.5590 5. What percentage of the variability in the percentage of women receiving prenatal care is accounted for by the percentage of GDP spent on healthcare? A.…arrow_forward
- Q3B The table below contains on 48 houses: the value of the house and the amount of rental income in a year that the house brings in ("Capital and rental," 2013). Table: Data of House Value versus Rental Value Rental Value Rental Value Rental Value Rental 81000 6656 77000 4576 75000 7280 67500 6864 95000 7904 94000 8736 90000 6240 85000 7072 121000 12064 115000 7904 110000 7072 104000 7904 135000 8320 130000 9776 126000 6240 125000 7904 145000 8320 140000 9568 140000 9152 135000 7488 165000 13312 165000 8528 155000 7488 148000 8320 178000 11856 174000 10400 170000 9568 170000 12688 200000 12272 200000 10608 194000 11232 190000 8320 214000 8528 208000 10400 200000 10400 200000 8320 240000 10192 240000 12064 240000 11648 225000 12480 289000 11648 270000 12896 262000 10192…arrow_forwardQ3A The table below contains on 48 houses: the value of the house and the amount of rental income in a year that the house brings in ("Capital and rental," 2013). Table: Data of House Value versus Rental Value Rental Value Rental Value Rental Value Rental 81000 6656 77000 4576 75000 7280 67500 6864 95000 7904 94000 8736 90000 6240 85000 7072 121000 12064 115000 7904 110000 7072 104000 7904 135000 8320 130000 9776 126000 6240 125000 7904 145000 8320 140000 9568 140000 9152 135000 7488 165000 13312 165000 8528 155000 7488 148000 8320 178000 11856 174000 10400 170000 9568 170000 12688 200000 12272 200000 10608 194000 11232 190000 8320 214000 8528 208000 10400 200000 10400 200000 8320 240000 10192 240000 12064 240000 11648 225000 12480 289000 11648 270000 12896 262000 10192…arrow_forwardGiven the parent function f(x) = 2", which graph shows f(x) + 1? 4- --5 -4 -3 -2 2 3 4 2 -5 3 2.arrow_forward
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