STAT. TECH. FOR BUSINESS AND ECO (LL)
18th Edition
ISBN: 9781265679637
Author: Lind
Publisher: MCG
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Chapter 8, Problem 1SR
a.
To determine
Find the students that are included in the sample.
a.
Expert Solution
Answer to Problem 1SR
The students that are included in the sample are PRICE, MARY LYNETTE, DETLEY, BRIAN HANS and MOLTER, KRISTI MARIE.
Explanation of Solution
From the given information, list of 46 students are given and assigned the numbers as 00 to 45. The selected random numbers are 31, 7 and 25.
The students corresponding to the selected numbers are 31-PRICE, MARY LYNETTE, 7-DETLEY, BRIAN HANS and 25-MOLTER, KRISTI MARIE.
Thus, the students that are included in the sample are PRICE, MARY LYNETTE, DETLEY, BRIAN HANS and MOLTER, KRISTI MARIE.
b.
To determine
Select the own sample of students using table of random digits, Appendix B.4.
b.
Expert Solution
Answer to Problem 1SR
The own sample of students using table of random digits, Appendix B.4 are KABAT, JAMES DAVID, KILLION, MICHELLE A and LEHMANN, KRISTINA MARIE.
Explanation of Solution
The first column and the sixth row are randomly selected in the Appendix B.4. The number is 17147. From the given information, there are only 46 students. Select the first two digits of 17147. Thus, the first selected sample is 17. Continue the process by going in any direction until to get the sample of 3 students. Randomly go right from the number 17147. The first number that is right to the 17147 is 19 and the second number that is right to the 17147 is 22. Thus, the selected random numbers are 17, 19 and 22.
The students corresponding to the selected numbers are 17-KABAT, JAMES DAVID, 19-KILLION, MICHELLE A and 22-LEHMANN, KRISTINA MARIE.
Thus, the own sample of students using table of random digits, Appendix B.4 are KABAT, JAMES DAVID, KILLION, MICHELLE A and LEHMANN, KRISTINA MARIE.
c.
To determine
Give the explanation that can be done if the number 59 is encountered in the table of random digits.
c.
Expert Solution
Answer to Problem 1SR
If the number 59 is encountered in the table of random digits, then the number 59 would not be considered and another random digit would be selected to select the sample.
Explanation of Solution
The number 59 does not exist in the list because there are only 46 students. In that situation, select another random digit to select the sample.
Thus, if the number 59 is encountered in the table of random digits, then the number 59 would not be considered and another random digit would be selected to select the sample.
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Students have asked these similar questions
Question 2. An American option on a stock has payoff given by F = f(St) when it is exercised
at time t. We know that the function f is convex. A person claims that because of convexity,
it is optimal to exercise at expiration T. Do you agree with them?
Question 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and
d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR
model? (Explain your answer.)
Question 3. We want to price a put option with strike price K and expiration T. Two financial
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has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to
price the option. Which advisor will get the larger price? (Explain your answer.)
Chapter 8 Solutions
STAT. TECH. FOR BUSINESS AND ECO (LL)
Ch. 8 - Prob. 1SRCh. 8 - Prob. 2SRCh. 8 - The following is a list of 24 Marcos Pizza stores...Ch. 8 - The following is a list of 29 hospitals in the...Ch. 8 - Listed below are the 35 members of the Metro...Ch. 8 - Listed next are the 27 Nationwide Insurance agents...Ch. 8 - The years of service of the five executives...Ch. 8 - Prob. 5ECh. 8 - Prob. 6ECh. 8 - Prob. 7E
Ch. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - There are five sales associates at Mid-Motors...Ch. 8 - Prob. 4SRCh. 8 - Prob. 11ECh. 8 - Prob. 12ECh. 8 - Prob. 13ECh. 8 - Prob. 5SRCh. 8 - Prob. 15ECh. 8 - Prob. 16ECh. 8 - Prob. 17ECh. 8 - Prob. 18ECh. 8 - Prob. 19CECh. 8 - The Medical Assurance Company is investigating the...Ch. 8 - Prob. 21CECh. 8 - Prob. 22CECh. 8 - Prob. 23CECh. 8 - Prob. 24CECh. 8 - Prob. 25CECh. 8 - As a part of their customer-service program,...Ch. 8 - Prob. 27CECh. 8 - Prob. 28CECh. 8 - Prob. 29CECh. 8 - The Appliance Center has six sales representatives...Ch. 8 - Prob. 31CECh. 8 - Prob. 32CECh. 8 - Prob. 33CECh. 8 - Prob. 34CECh. 8 - Prob. 35CECh. 8 - Prob. 36CECh. 8 - Prob. 37CECh. 8 - Prob. 38CECh. 8 - Prob. 39CECh. 8 - Prob. 40CECh. 8 - Prob. 41CECh. 8 - Human Resource Consulting (HRC) surveyed a random...Ch. 8 - Over the past decade, the mean number of hacking...Ch. 8 - Prob. 44CECh. 8 - Prob. 45CECh. 8 - Prob. 46DACh. 8 - Prob. 47DACh. 8 - Prob. 48DA
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