Elementary Statistics: A Step By Step Approach
10th Edition
ISBN: 9781259755330
Author: Allan G. Bluman
Publisher: McGraw-Hill Education
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Chapter 8, Problem 27CQ
To determine
To find: The P-value for the z test in Exercise 15.
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Consider the ceocomp dataset of compensation information for the CEO’s of 100 U.S. companies. We wish to fit aregression model to assess the relationship between CEO compensation in thousands of dollars (includes salary andbonus, but not stock gains) and the following variates:AGE: The CEOs age, in yearsEDUCATN: The CEO’s education level (1 = no college degree; 2 = college/undergrad. degree; 3 = grad. degree)BACKGRD: Background type(1= banking/financial; 2 = sales/marketing; 3 = technical; 4 = legal; 5 = other)TENURE: Number of years employed by the firmEXPER: Number of years as the firm CEOSALES: Sales revenues, in millions of dollarsVAL: Market value of the CEO's stock, in natural logarithm unitsPCNTOWN: Percentage of firm's market value owned by the CEOPROF: Profits of the firm, before taxes, in millions of dollars1) Create a scatterplot matrix for this dataset. Briefly comment on the observed relationships between compensationand the other variates.Note that companies with negative…
6 (Model Selection, Estimation and Prediction of GARCH) Consider the daily returns rt
of General Electric Company stock (ticker: "GE") from "2021-01-01" to "2024-03-31",
comprising a total of 813 daily returns. Using the "fGarch" package of R, outputs of
fitting three GARCH models to the returns are given at the end of this question.
Model 1 ARCH (1) with standard normal innovations;
Model 2
Model 3
GARCH (1, 1) with Student-t innovations;
GARCH (2, 2) with Student-t innovations;
Based on the outputs, answer the following questions.
(a) What can be inferred from the Standardized Residual Tests conducted on Model 1?
(b) Which model do you recommend for prediction between Model 2 and Model 3?
Why?
(c) Write down the fitted model for the model that you recommended in Part (b).
(d) Using the model recommended in Part (b), predict the conditional volatility in the
next trading day, specifically trading day 814.
4 (MLE of ARCH) Suppose rt follows ARCH(2) with E(rt) = 0,
rt = ut, ut =
στει, σε
where {+} is a sequence of independent and identically distributed (iid) standard normal
random variables.
With observations r₁,...,, write down the log-likelihood function for the model esti-
mation.
Chapter 8 Solutions
Elementary Statistics: A Step By Step Approach
Ch. 8.1 - Applying the Concepts 81 Eggs and Your Health The...Ch. 8.1 - Define null and alternative hypotheses, and give...Ch. 8.1 - What is meant by a type I error? A type II error?...Ch. 8.1 - What is meant by a statistical test?Ch. 8.1 - Explain the difference between a one-tailed and a...Ch. 8.1 - What is meant by the critical region? The...Ch. 8.1 - What symbols are used to represent the null...Ch. 8.1 - What symbols are used to represent the...Ch. 8.1 - Explain what is meant by a significant difference.Ch. 8.1 - When should a one-tailed test be used? A...
Ch. 8.1 - In hypothesis testing, why cant the hypothesis be...Ch. 8.1 - Using the z table (Table E), find the critical...Ch. 8.1 - Using the z table (Table E), find the critical...Ch. 8.1 - For each conjecture, state the null and...Ch. 8.1 - For each conjecture, state the null and...Ch. 8.2 - Car Thefts You recently received a job with a...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Reject or Not State whether the null hypothesis...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Transmission Service A car dealer recommends that...Ch. 8.2 - Speeding Tickets A motorist claims that the South...Ch. 8.2 - Sick Days A manager states that in his factory,...Ch. 8.2 - Significance Levels Suppose a statistician chose...Ch. 8.2 - Hourly Wage The president of a company states that...Ch. 8.3 - How Much Nicotine Is in Those Cigarettes? A...Ch. 8.3 - In what ways is the t distribution similar to the...Ch. 8.3 - What are the degrees of freedom for the t test?Ch. 8.3 - Find the critical value (or values) for the t test...Ch. 8.3 - Find the critical value (or values) for the t test...Ch. 8.3 - Using Table F, find the P-value interval for each...Ch. 8.3 - Using Table F, find the P-value interval for each...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.4 - What were the statistical hypotheses? 2. What were...Ch. 8.4 - Give three examples of proportions.Ch. 8.4 - Why is a proportion considered a binomial...Ch. 8.4 - When you are testing hypotheses by using...Ch. 8.4 - What are the mean and the standard deviation of a...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - Youth Smoking Researchers suspect that 18% of all...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - When np or nq is not 5 or more, the binomial table...Ch. 8.4 - First-Class Airline Passengers In the past, 20% of...Ch. 8.4 - Show that Z=pppqn can be derived from z=Xu by...Ch. 8.5 - Testing Gas Mileage Claims Assume that you are...Ch. 8.5 - Using Table G, find the critical value(s) for...Ch. 8.5 - Using Table G, find the critical value(s) for...Ch. 8.5 - Using Table G, find the P-value interval for each...Ch. 8.5 - Using Table G, find the P-value interval for each...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - Tornado Deaths A researcher claims that the...Ch. 8.5 - Interstate Speeds It has been reported that the...Ch. 8.5 - Nicotine Content of Cigarettes A manufacturer of...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.6 - First-Time Births According to the almanac, the...Ch. 8.6 - One-Way Airfares The average one-way airfare from...Ch. 8.6 - Prob. 3ECh. 8.6 - Prison Time According to a public service website,...Ch. 8.6 - Working at Home Workers with a formal arrangement...Ch. 8.6 - Newspaper Reading Times A survey taken several...Ch. 8.6 - Prob. 7ECh. 8.6 - How is the power of a test related to the type II...Ch. 8.6 - Prob. 9ECh. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - Prob. 8.4.12RECh. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 5 through 20, assume that the...Ch. 8 - For Exercises 5 through 20, assume that the...Ch. 8 - For Exercises 5 through 20, assume that the...Ch. 8 - For Exercises 5 through 20, assume that the...Ch. 8 - Plant Leaf Lengths A biologist knows that the...Ch. 8 - Tire Inflation To see whether people are keeping...Ch. 8 - The Data Bank is found in Appendix B, or on the...Ch. 8 - Select a random sample of 15 individuals and test...Ch. 8 - Select a random sample of at least 30 individuals,...Ch. 8 - Select a sample of 20 individuals and test the...Ch. 8 - Using the data from Data Set XIII, select a sample...Ch. 8 - Using the data obtained in Exercise 5, test the...Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - When the value of is increased, the probability...Ch. 8 - If you wish to test the claim that the mean of the...Ch. 8 - The degrees of freedom for the chi-square test for...Ch. 8 - For the t test, one uses _______ instead of . a. n...Ch. 8 - Complete the following statements with the best...Ch. 8 - Complete the following statements with the best...Ch. 8 - A conjecture about a population parameter is...Ch. 8 - Complete the following statements with the best...Ch. 8 - Complete the following statements with the best...Ch. 8 - For the following exercises where applicable: a....Ch. 8 - For Exercises 1 through 25, perform each of the...Ch. 8 - For Exercises 1 through 25, perform each of the...Ch. 8 - Prob. 18CQCh. 8 - Prob. 19CQCh. 8 - For Exercises 1 through 25, perform each of the...Ch. 8 - Prob. 21CQCh. 8 - Prob. 22CQCh. 8 - For the following exercises where applicable: a....Ch. 8 - For the following exercises where applicable: a....Ch. 8 - For the following exercises where applicable: a....Ch. 8 - Prob. 26CQCh. 8 - Prob. 27CQCh. 8 - Find the P-value for the z test in Exercise 16....Ch. 8 - Prob. 29CQCh. 8 - Prob. 30CQCh. 8 - For the following exercises where applicable: a....Ch. 8 - Strength of Wrapping Cord A manufacturer claims...Ch. 8 - Prob. 33CQCh. 8 - Find the 95% confidence interval for the mean in...Ch. 8 - Critical Thinking Challenges The power of a test...
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