![Elementary Statistics: A Step-by-Step Approach with Formula Card](https://www.bartleby.com/isbn_cover_images/9780078136337/9780078136337_largeCoverImage.gif)
Concept explainers
Using Table G, find the values for χ2 left and χ2 right.
a. α = 0.05, n = 12
b. α = 0.10, n = 20
c. α = 0.05, n = 27
d. α = 0.01, n = 6
e. α = 0.10, n = 41
(a)
![Check Mark](/static/check-mark.png)
To find: The critical values
Answer to Problem 3E
The critical values
Explanation of Solution
Given info:
Calculation:
Degrees of freedom:
Software Procedure:
Step-by-step procedure to obtain the critical value using the MINITAB software:
- Choose Graph > Probability Distribution Plot choose View Probability> OK.
- From Distribution, choose ‘chi square’ distribution.
- In Degrees of freedom, enter 11.
- Click the Shaded Area tab.
- Choose Probability value and Both Tail for the region of the curve to shade.
- Enter the Probability value as 0.05.
- Click OK.
Output using the MINITAB software is given below:
Thus, the critical values
(b)
![Check Mark](/static/check-mark.png)
To find: The critical values
Answer to Problem 3E
The critical values
Explanation of Solution
Given info:
Calculation:
Degrees of freedom:
Software Procedure:
Step-by-step procedure to obtain the critical value using the MINITAB software:
- Choose Graph > Probability Distribution Plot choose View Probability> OK.
- From Distribution, choose ‘chi square’ distribution.
- In Degrees of freedom, enter 19.
- Click the Shaded Area tab.
- Choose Probability value and Both Tail for the region of the curve to shade.
- Enter the Probability value as 0.10.
- Click OK.
Output using the MINITAB software is given below:
Thus, the critical values
(c)
![Check Mark](/static/check-mark.png)
To find: The critical values
Answer to Problem 3E
The critical values
Explanation of Solution
Given info:
Calculation:
Degrees of freedom:
Software Procedure:
Step-by-step procedure to obtain the critical value using the MINITAB software:
- Choose Graph > Probability Distribution Plot choose View Probability> OK.
- From Distribution, choose ‘chi square’ distribution.
- In Degrees of freedom, enter 26.
- Click the Shaded Area tab.
- Choose Probability value and Both Tail for the region of the curve to shade.
- Enter the Probability value as 0.05.
- Click OK.
Output using the MINITAB software is given below:
Thus, the critical values
(d)
![Check Mark](/static/check-mark.png)
To find: The critical values
Answer to Problem 3E
The critical values
Explanation of Solution
Given info:
Calculation:
Degrees of freedom:
Software Procedure:
Step-by-step procedure to obtain the critical value using the MINITAB software:
- Choose Graph > Probability Distribution Plot choose View Probability> OK.
- From Distribution, choose ‘chi square’ distribution.
- In Degrees of freedom, enter 5.
- Click the Shaded Area tab.
- Choose Probability value and Both Tail for the region of the curve to shade.
- Enter the Probability value as 0.01.
- Click OK.
Output using the MINITAB software is given below:
Thus, the critical values
(e)
![Check Mark](/static/check-mark.png)
To find: The critical values
Answer to Problem 3E
The critical values
Explanation of Solution
Given info:
Calculation:
Degrees of freedom:
Software Procedure:
Step-by-step procedure to obtain the critical value using the MINITAB software:
- Choose Graph > Probability Distribution Plot choose View Probability> OK.
- From Distribution, choose ‘chi square’ distribution.
- In Degrees of freedom, enter 40.
- Click the Shaded Area tab.
- Choose Probability value and Both Tail for the region of the curve to shade.
- Enter the Probability value as 0.10.
- Click OK.
Output using the MINITAB software is given below:
Thus, the critical values
Want to see more full solutions like this?
Chapter 7 Solutions
Elementary Statistics: A Step-by-Step Approach with Formula Card
- 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_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_forward8 (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_forward
- 9 (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_forward1 (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_forward
- Joy 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_forwardOne 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_forward
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALTrigonometry (MindTap Course List)TrigonometryISBN:9781305652224Author:Charles P. McKeague, Mark D. TurnerPublisher:Cengage Learning
- Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305652224/9781305652224_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337278461/9781337278461_smallCoverImage.gif)