Concept explainers
(a)
To find out what is the
(a)
Answer to Problem 22E
The correlation between the age difference and the year is
Explanation of Solution
In the question it is given the graph which shows the ages of both men and women at first marriage and the pattern of men and women seems familiar. Also the time plot of difference in average age at first marriage over the years and the dependent variable is age difference. Also:
As we know that the formula for calculation correlation from the R -squared is:
This implies we have,
Thus, the correlation between the age difference and the year is
(b)
To interpret the slope of this line.
(b)
Explanation of Solution
In the question it is given the graph which shows the ages of both men and women at first marriage and the pattern of men and women seems familiar. Also the time plot of difference in average age at first marriage over the years and the dependent variable is age difference. Also:
Thus, we know that the slope is defined as the age difference by year. Therefore, we interpret from the slope of this line that as the year increases by one, the age difference between men and women decrease by
(c)
To predict the average age difference in
(c)
Answer to Problem 22E
The average age difference in
Explanation of Solution
In the question it is given the graph which shows the ages of both men and women at first marriage and the pattern of men and women seems familiar. Also the time plot of difference in average age at first marriage over the years and the dependent variable is age difference. Also:
To predict the average age difference in
Thus, the average age difference in
(d)
To describe the reason why you would not place much faith in this prediction.
(d)
Explanation of Solution
In the question it is given the graph which shows the ages of both men and women at first marriage and the pattern of men and women seems familiar. Also the time plot of difference in average age at first marriage over the years and the dependent variable is age difference. Also:
Thus, the reason why we would not place much faith in this prediction because we are extrapolating
Chapter 9 Solutions
Stats: Modeling the World Nasta Edition Grades 9-12
Additional Math Textbook Solutions
Basic Business Statistics, Student Value Edition
Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
Calculus: Early Transcendentals (2nd Edition)
Elementary Statistics: Picturing the World (7th Edition)
A First Course in Probability (10th Edition)
- 7.1. If X has an exponential distribution with the parameter 0, use the distribution function technique to find the probability density of the random variable Y = ln X. bilaga in dwreatarrow_forward3. Pleasearrow_forwardWhat does the margin of error include? When a margin of error is reported for a survey, it includes a. random sampling error and other practical difficulties like undercoverage and non-response b. random sampling error, but not other practical difficulties like undercoverage and nonresponse c. practical difficulties like undercoverage and nonresponse, but not random smapling error d. none of the above is corretarrow_forward
- solve the question based on hw 1, 1.41arrow_forwardT1.4: Let ẞ(G) be the minimum size of a vertex cover, a(G) be the maximum size of an independent set and m(G) = |E(G)|. (i) Prove that if G is triangle free (no induced K3) then m(G) ≤ a(G)B(G). Hints - The neighborhood of a vertex in a triangle free graph must be independent; all edges have at least one end in a vertex cover. (ii) Show that all graphs of order n ≥ 3 and size m> [n2/4] contain a triangle. Hints - you may need to use either elementary calculus or the arithmetic-geometric mean inequality.arrow_forwardWe 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…arrow_forward
- Negate the following compound statement using De Morgans's laws.arrow_forwardNegate the following compound statement using De Morgans's laws.arrow_forwardQuestion 6: Negate the following compound statements, using De Morgan's laws. A) If Alberta was under water entirely then there should be no fossil of mammals.arrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman