Introductory Statistics
1st Edition
ISBN: 9781938168208
Author: Barbara Illowsky, Susan Dean
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 9, Problem 38P
What should you do when a >p-value?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
solving problem 1
select bmw stock. you can assume the price of the stock
This problem is based on the fundamental option pricing formula for the continuous-time
model developed in class, namely the value at time 0 of an option with maturity T and
payoff F is given by:
We consider the two options below:
Fo=
-rT
= e
Eq[F].
1
A. An option with which you must buy a share of stock at expiration T = 1 for strike
price K = So.
B. An option with which you must buy a share of stock at expiration T = 1 for strike
price K given by
T
K =
T
St dt.
(Note that both options can have negative payoffs.) We use the continuous-time Black-
Scholes model to price these options. Assume that the interest rate on the money market
is r.
(a) Using the fundamental option pricing formula, find the price of option A. (Hint:
use the martingale properties developed in the lectures for the stock price process
in order to calculate the expectations.)
(b) Using the fundamental option pricing formula, find the price of option B.
(c) Assuming the interest rate is very small (r ~0), use Taylor…
Chapter 9 Solutions
Introductory Statistics
Ch. 9 - A medical trial is conducted to test whether or...Ch. 9 - We want to test whether the mean height of eighth...Ch. 9 - We want to test If It takes fewer than 45 minutes...Ch. 9 - On a state drivers test. about .10% pass the test...Ch. 9 - Suppose the null hypothesis, H0, Is: the blood...Ch. 9 - Suppose the null hypothesis. H0. Is: a patient is...Ch. 9 - “Red tide” is a bloom of poison-producing algae—a...Ch. 9 - Determine both Type I and Type II errors for the...Ch. 9 - A normal distribution has a standard deviation of...Ch. 9 - Its a Boy Genetics Labs claim their procedures...
Ch. 9 - H0:=10, H0:< 10 Assume the p-value is 0.0935. What...Ch. 9 - H0:1,Ha:1 Assume the p-value is 0.1243. What type...Ch. 9 - H0:p=0.5,Ha:p0.5 Assume the p-value is 0.2564....Ch. 9 - The mean throwing distance of a football for...Ch. 9 - It is believed that a stock price for a particular...Ch. 9 - A teacher believes that 85% of students in the...Ch. 9 - Marketers believe that 92% of adults In the United...Ch. 9 - You are testing that the mean speed of your cable...Ch. 9 - You ate testing that the mean speed of your cable...Ch. 9 - The American family has an average of two...Ch. 9 - The mean entry level salary of an employee at a...Ch. 9 - A sociologist claims the probability that a person...Ch. 9 - A sociologist claims the probability that a person...Ch. 9 - In a population of fish approximately 42% are...Ch. 9 - Suppose that a recent article stated that the mean...Ch. 9 - A random survey of 75 death row Inmates revealed...Ch. 9 - The National Institute of Mental Health published...Ch. 9 - The mean price of mid-sized cars In a region is...Ch. 9 - A sleeping bag Is rested to withstand temperatures...Ch. 9 - For Exercise 9.12, what are and in words?Ch. 9 - In words, describe 1— 3For Exercise 9.12.Ch. 9 - A group of doctors is deciding whether or not to...Ch. 9 - A group of doctors is deciding whether or not to...Ch. 9 - The power of a test is 0.981. What is the...Ch. 9 - A group of divers is exploring an old sunken ship....Ch. 9 - A microbiologist is testing a water sample for...Ch. 9 - A microbiologist is testing a water sample for...Ch. 9 - Which two distributions can you use for hypothesis...Ch. 9 - Which distribution do you use when you are testing...Ch. 9 - Which distribution do you use when the standard...Ch. 9 - A population mean Is 13. The sample mean is 12.8....Ch. 9 - A population has a mean is 25 and a standard...Ch. 9 - It Is thought that .12% of respondents in a taste...Ch. 9 - You ate performing a hypothesis test of a single...Ch. 9 - You are performing a hypothesis test of a single...Ch. 9 - You are performing a hypothesis test of a single...Ch. 9 - You are performing a hypothesis test of a single...Ch. 9 - You are peform1ng a hypothesis test of a single...Ch. 9 - When do you reject the null hypothesis?Ch. 9 - The probability of winning the grand prize at a...Ch. 9 - The probability of winning the grand prize at a...Ch. 9 - It is believed that the mean height of high school...Ch. 9 - The mean age of graduate students at a University...Ch. 9 - Does the shaded region represent a low or a high...Ch. 9 - What should you do when a >p-value?Ch. 9 - What should you do if a = p-value?Ch. 9 - If you do not reject the null hypothesis, then it...Ch. 9 - Use the blowing information to answer the next...Ch. 9 - Use the blowing information to answer the next...Ch. 9 - Use the blowing information to answer the next...Ch. 9 - Use the blowing information to answer the next...Ch. 9 - Use the blowing information to answer the next...Ch. 9 - Use the blowing information to answer the next...Ch. 9 - Use the blowing information to answer the next...Ch. 9 - A random survey of 75 death row inmates revealed...Ch. 9 - Assume H0: = 9 and H0:< 9. Is this a left-tailed,...Ch. 9 - Assume H0:6 and H0: > 6. Is this a left-tailed,...Ch. 9 - Assume H0: p = 0.25 and Ha: p 0.25. Is this a...Ch. 9 - Draw the general graph of a left-tailed test.Ch. 9 - Draw the graph of a two-tailed test.Ch. 9 - A bottle of water Is labeled as containing 16...Ch. 9 - Your friend claims that his mean golf score Is 63....Ch. 9 - A bathroom scale claims to be able to dentify...Ch. 9 - You flip a coin and record whether it shows heads...Ch. 9 - If the alternative hypothesis has a not equals ( )...Ch. 9 - Assume the null hypothesis states that the mean is...Ch. 9 - Assume the null hypothesis states that the mean is...Ch. 9 - Assume the null hypothesis states that the mean Is...Ch. 9 - Some of the following statements refer to the null...Ch. 9 - Over the past few decades, public health officials...Ch. 9 - A statistics instructor believes that fewer than...Ch. 9 - Previously, an organization reported that...Ch. 9 - State the Type I and Type II errors in complete...Ch. 9 - For statements a-j in Exercise 9.109. answer the...Ch. 9 - When a new drug is created. the pharmaceutical...Ch. 9 - A statistics instructor believes that fewer than...Ch. 9 - It Is believed that Lake Tahoe Community College...Ch. 9 - Previously, an organization reported that...Ch. 9 - It Is believed that Lake Tahoe Community College...Ch. 9 - The National Institute of Mental Health published...Ch. 9 - A particular brand of tires claims that its deluxe...Ch. 9 - From generation to generation, the mean age when...Ch. 9 - The cost of a daily newspaper varies from city to...Ch. 9 - An article in the San Jose Mercury News stated...Ch. 9 - The mean number of sick days an employee takes per...Ch. 9 - In 1955, Life Magazine reported that the 25...Ch. 9 - Your sta1stIcs Instructor claims that 60 percent...Ch. 9 - A Nissan Motor Corporation advertisement read, The...Ch. 9 - Refer to Exercise 9.19. Conduct a hypothesis test...Ch. 9 - According to an article in Newsweek, the natural...Ch. 9 - A poll done for Newsweek found that 13% of...Ch. 9 - The mean work week for engineers In a start-up...Ch. 9 - Use the Lap time data for Lap .1 (see Appendix C)...Ch. 9 - Use the initial Public Offering’ data (see...Ch. 9 - “Asian Family Reunion,” by Chau Nguyen Every two...Ch. 9 - ‘The Problem with Angels,” by Cyndy Dowling...Ch. 9 - “Blowing Bubbles,” by Sondra Prull Studying stats...Ch. 9 - “Dalmatian Darnation,” by Kathy Sparling A greedy...Ch. 9 - ‘MacaronI and Cheese, please! I” by Nedda...Ch. 9 - “William Shakespeare: The Tragedy of Hamlet....Ch. 9 - “Untitled.” by Stephen Chen lye often wondered how...Ch. 9 - Japanese Glrls Names’ by Kumi Furnichi It used to...Ch. 9 - ‘Phillip’s Wish,” by Suzanne Osorlo My nephew...Ch. 9 - “The Craven,” by Mark Salangsang Once upon a...Ch. 9 - Toastmasters Inteniational cites a repol by Gallop...Ch. 9 - Sixty-eight percent of online courses taught at...Ch. 9 - According to an article In Bloomberg Businessweek,...Ch. 9 - The mean age of De Anza College students in a...Ch. 9 - Registered nurses earned an average annual salary...Ch. 9 - La Leche League International reports that the...Ch. 9 - Over the past few decades, public health officials...Ch. 9 - A statistics instnictor believes that fewer than...Ch. 9 - Previously, an organization reported that...Ch. 9 - According to the Centet for Disease Control...Ch. 9 - A recent survey In the N.Y. limes Almanac...Ch. 9 - Driver error can be listed as the cause of...Ch. 9 - The US Department of Energy reported that 51.7% of...Ch. 9 - For Americans using library services, the American...Ch. 9 - The Weather Underground reported that the mean...Ch. 9 - A survey in the N.Y. limes Almanac finds the mean...Ch. 9 - A report by the Gallup Poll found that a woman...Ch. 9 - According to the N.Y Times Almanac the mean family...Ch. 9 - The student academic group on a college campus...
Additional Math Textbook Solutions
Find more solutions based on key concepts
Explain the meaning of the term “statistically significant difference” in statistics terminology.
Intro Stats, Books a la Carte Edition (5th Edition)
Low-Birth-Weight Babies (Example 10) Babies born weighing 2500 grams (about 5.5 pounds) or less are called low-...
Introductory Statistics
In Exercises 9–22, write the function in the form y = f(u) and u = g(x). Then find dy/dx as a function of x.
9....
University Calculus: Early Transcendentals (4th Edition)
Testing Claims About Proportions. In Exercises 9–32, test the given claim. Identify the null hypothesis, altern...
Elementary Statistics (13th Edition)
TRY IT YOURSELF 1
Find the mean of the points scored by the 51 winning teams listed on page 39.
Elementary Statistics: Picturing the World (7th Edition)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Discuss and explain in the picturearrow_forwardBob and Teresa each collect their own samples to test the same hypothesis. Bob’s p-value turns out to be 0.05, and Teresa’s turns out to be 0.01. Why don’t Bob and Teresa get the same p-values? Who has stronger evidence against the null hypothesis: Bob or Teresa?arrow_forwardReview a classmate's Main Post. 1. State if you agree or disagree with the choices made for additional analysis that can be done beyond the frequency table. 2. Choose a measure of central tendency (mean, median, mode) that you would like to compute with the data beyond the frequency table. Complete either a or b below. a. Explain how that analysis can help you understand the data better. b. If you are currently unable to do that analysis, what do you think you could do to make it possible? If you do not think you can do anything, explain why it is not possible.arrow_forward
- 0|0|0|0 - Consider the time series X₁ and Y₁ = (I – B)² (I – B³)Xt. What transformations were performed on Xt to obtain Yt? seasonal difference of order 2 simple difference of order 5 seasonal difference of order 1 seasonal difference of order 5 simple difference of order 2arrow_forwardCalculate the 90% confidence interval for the population mean difference using the data in the attached image. I need to see where I went wrong.arrow_forwardMicrosoft Excel snapshot for random sampling: Also note the formula used for the last column 02 x✓ fx =INDEX(5852:58551, RANK(C2, $C$2:$C$51)) A B 1 No. States 2 1 ALABAMA Rand No. 0.925957526 3 2 ALASKA 0.372999976 4 3 ARIZONA 0.941323044 5 4 ARKANSAS 0.071266381 Random Sample CALIFORNIA NORTH CAROLINA ARKANSAS WASHINGTON G7 Microsoft Excel snapshot for systematic sampling: xfx INDEX(SD52:50551, F7) A B E F G 1 No. States Rand No. Random Sample population 50 2 1 ALABAMA 0.5296685 NEW HAMPSHIRE sample 10 3 2 ALASKA 0.4493186 OKLAHOMA k 5 4 3 ARIZONA 0.707914 KANSAS 5 4 ARKANSAS 0.4831379 NORTH DAKOTA 6 5 CALIFORNIA 0.7277162 INDIANA Random Sample Sample Name 7 6 COLORADO 0.5865002 MISSISSIPPI 8 7:ONNECTICU 0.7640596 ILLINOIS 9 8 DELAWARE 0.5783029 MISSOURI 525 10 15 INDIANA MARYLAND COLORADOarrow_forward
- Suppose the Internal Revenue Service reported that the mean tax refund for the year 2022 was $3401. Assume the standard deviation is $82.5 and that the amounts refunded follow a normal probability distribution. Solve the following three parts? (For the answer to question 14, 15, and 16, start with making a bell curve. Identify on the bell curve where is mean, X, and area(s) to be determined. 1.What percent of the refunds are more than $3,500? 2. What percent of the refunds are more than $3500 but less than $3579? 3. What percent of the refunds are more than $3325 but less than $3579?arrow_forwardA normal distribution has a mean of 50 and a standard deviation of 4. Solve the following three parts? 1. Compute the probability of a value between 44.0 and 55.0. (The question requires finding probability value between 44 and 55. Solve it in 3 steps. In the first step, use the above formula and x = 44, calculate probability value. In the second step repeat the first step with the only difference that x=55. In the third step, subtract the answer of the first part from the answer of the second part.) 2. Compute the probability of a value greater than 55.0. Use the same formula, x=55 and subtract the answer from 1. 3. Compute the probability of a value between 52.0 and 55.0. (The question requires finding probability value between 52 and 55. Solve it in 3 steps. In the first step, use the above formula and x = 52, calculate probability value. In the second step repeat the first step with the only difference that x=55. In the third step, subtract the answer of the first part from the…arrow_forwardIf a uniform distribution is defined over the interval from 6 to 10, then answer the followings: What is the mean of this uniform distribution? Show that the probability of any value between 6 and 10 is equal to 1.0 Find the probability of a value more than 7. Find the probability of a value between 7 and 9. The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $20 and $30 per share. What is the probability that the stock price will be: More than $27? Less than or equal to $24? The April rainfall in Flagstaff, Arizona, follows a uniform distribution between 0.5 and 3.00 inches. What is the mean amount of rainfall for the month? What is the probability of less than an inch of rain for the month? What is the probability of exactly 1.00 inch of rain? What is the probability of more than 1.50 inches of rain for the month? The best way to solve this problem is begin by a step by step creating a chart. Clearly mark the range, identifying the…arrow_forward
- Client 1 Weight before diet (pounds) Weight after diet (pounds) 128 120 2 131 123 3 140 141 4 178 170 5 121 118 6 136 136 7 118 121 8 136 127arrow_forwardClient 1 Weight before diet (pounds) Weight after diet (pounds) 128 120 2 131 123 3 140 141 4 178 170 5 121 118 6 136 136 7 118 121 8 136 127 a) Determine the mean change in patient weight from before to after the diet (after – before). What is the 95% confidence interval of this mean difference?arrow_forwardIn order to find probability, you can use this formula in Microsoft Excel: The best way to understand and solve these problems is by first drawing a bell curve and marking key points such as x, the mean, and the areas of interest. Once marked on the bell curve, figure out what calculations are needed to find the area of interest. =NORM.DIST(x, Mean, Standard Dev., TRUE). When the question mentions “greater than” you may have to subtract your answer from 1. When the question mentions “between (two values)”, you need to do separate calculation for both values and then subtract their results to get the answer. 1. Compute the probability of a value between 44.0 and 55.0. (The question requires finding probability value between 44 and 55. Solve it in 3 steps. In the first step, use the above formula and x = 44, calculate probability value. In the second step repeat the first step with the only difference that x=55. In the third step, subtract the answer of the first part from the…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
Elementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,
Elementary Algebra
Algebra
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:OpenStax - Rice University
Maths - Geometry - What is an Angle - English; Author: Bodhaguru;https://www.youtube.com/watch?v=bsuDcCjFq6c;License: Standard YouTube License, CC-BY
What is an Angle? | Different Types of Angles | Geometry | Math | LetsTute; Author: Let'stute;https://www.youtube.com/watch?v=aGejx2fRCHU;License: Standard Youtube License