Mathematical Statistics with Applications
7th Edition
ISBN: 9781133384380
Author: Dennis Wackerly; William Mendenhall; Richard L. Scheaffer
Publisher: Cengage Learning US
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Textbook Question
Chapter 8.4, Problem 26E
The Mars twin rovers, Spirit and Opportunity, which roamed the surface of Mars in the winter of 2004, found evidence that there was once water on Mars, raising the possibility that there was once life on the plant. Do you think that the United States should pursue a program to send humans to Mars? An opinion poll indicated that 49% of the 1093 adults surveyed think that we should pursue such a program.
- a Estimate the proportion of all Americans who think that the United States should pursue a program to send humans to Mars. Find a bound on the error of estimation.
- b The poll actually asked several questions. If we wanted to report an error of estimation that would be valid for all of the questions on the poll, what value should we use? [Hint: What is the maximum possible value for p × q?]
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We consider the one-period model studied in class as an example. Namely, we assumethat the current stock price is S0 = 10. At time T, the stock has either moved up toSt = 12 (with probability p = 0.6) or down towards St = 8 (with probability 1−p = 0.4).We consider a call option on this stock with maturity T and strike price K = 10. Theinterest rate on the money market is zero.As in class, we assume that you, as a customer, are willing to buy the call option on100 shares of stock for $120. The investor, who sold you the option, can adopt one of thefollowing strategies: Strategy 1: (seen in class) Buy 50 shares of stock and borrow $380. Strategy 2: Buy 55 shares of stock and borrow $430. Strategy 3: Buy 60 shares of stock and borrow $480. Strategy 4: Buy 40 shares of stock and borrow $280.(a) For each of strategies 2-4, describe the value of the investor’s portfolio at time 0,and at time T for each possible movement of the stock.(b) For each of strategies 2-4, does the investor have…
Negate the following compound statement using De Morgans's laws.
Chapter 8 Solutions
Mathematical Statistics with Applications
Ch. 8.2 - Using the identity ()=[E()]+[E()]=[E()]+B(), Show...Ch. 8.2 - a. If is an unbiased estimator for , what is B()?...Ch. 8.2 - Suppose that is an estimator for a parameter and...Ch. 8.2 - Refer to Exercise 8.1. a. If is an unbiased...Ch. 8.2 - Refer to Exercises 8.1 and consider the unbiased...Ch. 8.2 - Suppose that E(1)=E(2)=, V(1)=12, and V(2)=22....Ch. 8.2 - Consider the situation described in Exercise 8.6....Ch. 8.2 - Suppose that Y1, Y2, Y3 denote a random sample...Ch. 8.2 - Suppose that Y1, Y2,, Yn constitute a random...Ch. 8.2 - The number of breakdowns per week for a type of...
Ch. 8.2 - Let Y1, Y2, , Yn denote a random sample of size n...Ch. 8.2 - The reading on a voltage meter connected to a test...Ch. 8.2 - We have seen that if Y has a binomial distribution...Ch. 8.2 - Prob. 14ECh. 8.2 - Let Y, Y2,,Yn denote a random sample of size n...Ch. 8.2 - Suppose that Y1, Y2,,Yn constitute a random sample...Ch. 8.2 - If Y has a binomial distribution with parameters n...Ch. 8.2 - Let Y1, Y2, , Yn denote a random sample of size n...Ch. 8.2 - Prob. 19ECh. 8.2 - Suppose that Y1, Y2, Y3, Y4 denote a random sample...Ch. 8.4 - An investigator is interested in the possibility...Ch. 8.4 - An increase in the rate of consumer savings...Ch. 8.4 - The Environmental Protection Agency and the...Ch. 8.4 - A study was conducted to compare the mean number...Ch. 8.4 - The Mars twin rovers, Spirit and Opportunity,...Ch. 8.4 - A random sample of 985 likely votersthose who are...Ch. 8.4 - In a study of the relationship between birth order...Ch. 8.4 - Sometimes surveys provide interesting information...Ch. 8.4 - Refer to Exercise 8.29. Give the point estimate...Ch. 8.4 - In a study to compare the perceived effects of two...Ch. 8.4 - An auditor randomly samples 20 accounts receivable...Ch. 8.4 - Refer to Exercise 8.32. From the data given on the...Ch. 8.4 - We can place a 2-standard-deviation bound on the...Ch. 8.4 - Prob. 35ECh. 8.4 - Prob. 36ECh. 8.4 - Refer to Exercise 8.36. An engineer observes n =...Ch. 8.4 - Prob. 38ECh. 8.5 - Suppose that the random variable Y has a gamma...Ch. 8.5 - Suppose that the random variable Y is an...Ch. 8.5 - Suppose that Y is normally distributed with mean 0...Ch. 8.5 - Prob. 42ECh. 8.5 - Prob. 43ECh. 8.5 - Let Y have probability density function...Ch. 8.5 - Refer to Exercise 8.44. a Use the pivotal quantity...Ch. 8.5 - Refer to Example 8.4 and suppose that Y is a...Ch. 8.5 - Refer to Exercise 8.46. Assume that Y1, Y2, , Yn...Ch. 8.5 - Prob. 48ECh. 8.6 - Refer to Example 8.8. In this example, p1 and p2...Ch. 8.6 - Prob. 51ECh. 8.6 - Prob. 52ECh. 8.6 - Prob. 53ECh. 8.6 - Prob. 54ECh. 8.6 - Prob. 55ECh. 8.6 - Is Americas romance with movies on the wane? In a...Ch. 8.6 - Refer to Exercise 8.29. According to the result...Ch. 8.6 - The administrators for a hospital wished to...Ch. 8.6 - When it comes to advertising, tweens are not ready...Ch. 8.6 - What is the normal body temperature for healthy...Ch. 8.6 - A small amount of the trace element selenium, from...Ch. 8.6 - The following statistics are the result of an...Ch. 8.6 - Most Americans love participating in or at least...Ch. 8.6 - In a CNN/USA Today/Gallup Poll, 1000 Americans...Ch. 8.6 - For a comparison of the rates of defectives...Ch. 8.6 - Historically, biology has been taught through...Ch. 8.6 - One suggested method for solving the...Ch. 8.6 - Prob. 68ECh. 8.6 - Prob. 69ECh. 8.7 - Let Y be a binomial random variable with parameter...Ch. 8.7 - A state wildlife service wants to estimate the...Ch. 8.7 - Telephone pollsters often interview between 1000...Ch. 8.7 - Refer to Exercise 8.59. How many tweens should...Ch. 8.7 - Prob. 74ECh. 8.7 - Prob. 75ECh. 8.7 - Refer to the comparison of the daily adult intake...Ch. 8.7 - Prob. 77ECh. 8.7 - Refer to Exercise 8.65. How many items should be...Ch. 8.7 - Refer to Exercise 8.66. a Another similar study is...Ch. 8.8 - Although there are many treatments for bulimia...Ch. 8.8 - The carapace lengths of ten lobsters examined in a...Ch. 8.8 - Scholastic Assessment Test (SAT) scores, which...Ch. 8.8 - Chronic anterior compartment syndrome is a...Ch. 8.8 - Organic chemists often purify organic compounds by...Ch. 8.8 - Two new drugs were given to patients with...Ch. 8.8 - The Environmental Protection Agency (EPA) has...Ch. 8.8 - Refer to Exercise 8.88. Another common...Ch. 8.8 - Do SAT scores for high school students differ...Ch. 8.8 - Seasonal ranges (in hectares) for alligators were...Ch. 8.8 - Solid copper produced by sintering (heating...Ch. 8.8 - Prob. 93ECh. 8.8 - Suppose that we obtain independent samples of...Ch. 8.9 - The EPA has set a maximum noise level for heavy...Ch. 8.9 - In Exercise 8.81, we gave the carapace lengths of...Ch. 8.9 - Suppose that S2 is the sample variance based on a...Ch. 8.9 - Prob. 98ECh. 8.9 - Prob. 99ECh. 8.9 - Industrial light bulbs should have a mean life...Ch. 8.9 - In laboratory work, it is desirable to run careful...Ch. 8.9 - The ages of a random sample of live university...Ch. 8.9 - A precision instrument is guaranteed to read...Ch. 8 - Prob. 104SECh. 8 - Prob. 105SECh. 8 - In a controlled pollination study involving Phlox...Ch. 8 - Prob. 107SECh. 8 - Prob. 108SECh. 8 - To estimate the proportion of unemployed workers...Ch. 8 - Prob. 110SECh. 8 - Prob. 111SECh. 8 - Prob. 112SECh. 8 - Prob. 113SECh. 8 - Prob. 114SECh. 8 - Prob. 115SECh. 8 - Do we lose our memory capacity as we get older? In...Ch. 8 - Prob. 117SECh. 8 - Prob. 118SECh. 8 - Prob. 119SECh. 8 - Two methods for teaching reading were applied to...Ch. 8 - Prob. 121SECh. 8 - Prob. 122SECh. 8 - Prob. 123SECh. 8 - Prob. 124SECh. 8 - Prob. 125SECh. 8 - Prob. 126SECh. 8 - Prob. 127SECh. 8 - Prob. 128SECh. 8 - Prob. 129SECh. 8 - Prob. 130SECh. 8 - Refer to Exercises 1.129 and 1.130. S2 and S2 are...Ch. 8 - Prob. 132SECh. 8 - Prob. 133SECh. 8 - Prob. 134SECh. 8 - Prob. 135SECh. 8 - Prob. 136SE
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