Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Chapter 9.4, Problem 45PB
Fracking errors Example 6, in testing H0: p = 0.5 against Ha: p < 0.5, analyzed whether those opposing increased use of fracking are in the minority. In the words of that example, what would be (a) a Type I error and (b) a Type II error?
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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.
Negate the following compound statement using De Morgans's laws.
Chapter 9 Solutions
Statistics: The Art and Science of Learning from Data (4th Edition)
Ch. 9.1 - H0 or Ha? For parts a and b, is the statement a...Ch. 9.1 - H0 or Ha? For each of the following, is the...Ch. 9.1 - Burden of proof For a new pesticide, should the...Ch. 9.1 - Financial aid The average financial aid package...Ch. 9.1 - Low-carbohydrate diet A study plans to have a...Ch. 9.1 - Prob. 6PBCh. 9.1 - Proper hypotheses? Explain what is wrong with each...Ch. 9.1 - Prob. 8PBCh. 9.1 - P-value Indicate whether each of the following...Ch. 9.2 - Psychic A person who claims to be psychic says he...
Ch. 9.2 - Prob. 11PBCh. 9.2 - Get P-value from z For a test of H0: p = 0.50, the...Ch. 9.2 - Get more P-values from z Refer to the previous...Ch. 9.2 - Find test statistic and P-value For a test of H0:...Ch. 9.2 - Dogs and cancer A recent study4 considered whether...Ch. 9.2 - Religion important in your life? Americans ages 18...Ch. 9.2 - Prob. 17PBCh. 9.2 - Prob. 18PBCh. 9.2 - Testing a headache remedy Studies that compare...Ch. 9.2 - Gender bias in selecting managers For a large...Ch. 9.2 - Gender discrimination Refer to the 95% confidence...Ch. 9.2 - Garlic to repel ticks A study (J. Amer. Med....Ch. 9.2 - Exit-poll predictions According to an exit poll of...Ch. 9.2 - Which cola? The 49 students in a class at the...Ch. 9.2 - How to sell a burger A fast-food chain wants to...Ch. 9.2 - A binomial headache A null hypothesis states that...Ch. 9.2 - P-value for small samples Example 4, on whether...Ch. 9.3 - Which t has P-value = 0.05? A t test for a mean...Ch. 9.3 - Practice mechanics of a t test A study has a...Ch. 9.3 - Prob. 30PBCh. 9.3 - Low carbohydrate diet In a recent study,8 272...Ch. 9.3 - Prob. 32PBCh. 9.3 - Facebook friends Many students brag that they have...Ch. 9.3 - Lake pollution An industrial plant claims to...Ch. 9.3 - Weight change for controls A disadvantage of the...Ch. 9.3 - Crossover study A crossover study of 13 children...Ch. 9.3 - Too little or too much wine? Wine-pouring vending...Ch. 9.3 - Prob. 38PBCh. 9.3 - Assumptions important? Refer to the previous...Ch. 9.3 - Anorexia in teenage girls Example 8 described a...Ch. 9.3 - Sensitivity study Ideally, results of a...Ch. 9.3 - Prob. 42PBCh. 9.4 - Dr. Dog In the experiment in Example 4, we got a...Ch. 9.4 - Error probability A significance test about a...Ch. 9.4 - Fracking errors Example 6, in testing H0: p = 0.5...Ch. 9.4 - Prob. 46PBCh. 9.4 - Anorexia decision Refer to the previous exercise....Ch. 9.4 - Prob. 48PBCh. 9.4 - Errors in medicine Consider the test of H0: The...Ch. 9.4 - Prob. 50PBCh. 9.4 - Detecting prostate cancer Refer to the previous...Ch. 9.4 - Prob. 52PBCh. 9.5 - Misleading summaries? Two researchers conduct...Ch. 9.5 - Practical significance A study considers whether...Ch. 9.5 - Prob. 55PBCh. 9.5 - Fishing for significance A marketing study...Ch. 9.5 - Prob. 57PBCh. 9.5 - Prob. 58PBCh. 9.5 - Interpret medical research studies a. An...Ch. 9.6 - Find P(Type II error) A study is designed to test...Ch. 9.6 - Gender bias in selecting managers Exercise 9.20...Ch. 9.6 - Prob. 62PBCh. 9.6 - P(Type II error) large when p close to H0 For...Ch. 9.6 - Prob. 64PBCh. 9.6 - Power for infertility trial Consider Example 13...Ch. 9.6 - Exploring Type II errors Refer to the web app from...Ch. 9 - H0 or Ha? For each of the following hypotheses,...Ch. 9 - Write H0 and Ha For each of the following...Ch. 9 - Prob. 69CPCh. 9 - Free-throw accuracy Consider all cases in which a...Ch. 9 - Brown or Whitman? Californias governor election in...Ch. 9 - Prob. 72CPCh. 9 - Prob. 73CPCh. 9 - Prob. 74CPCh. 9 - Prob. 75CPCh. 9 - Start a hockey team A fraternity at a university...Ch. 9 - Prob. 77CPCh. 9 - Prob. 78CPCh. 9 - Prob. 79CPCh. 9 - Prob. 80CPCh. 9 - Prob. 81CPCh. 9 - Two ideal children? Is the ideal number of...Ch. 9 - Prob. 83CPCh. 9 - Prob. 84CPCh. 9 - Blood pressure When Vincenzo Baranellos blood...Ch. 9 - Increasing blood pressure In the previous...Ch. 9 - Tennis balls in control? When it is operating...Ch. 9 - Prob. 88CPCh. 9 - Prob. 89CPCh. 9 - CI and test Refer to the previous exercise. a. For...Ch. 9 - Prob. 91CPCh. 9 - Religious beliefs statistically significant? A...Ch. 9 - Prob. 93CPCh. 9 - Prob. 94CPCh. 9 - Prob. 95CPCh. 9 - Prob. 96CPCh. 9 - Prob. 98CPCh. 9 - Baseball home team advantage In Major League...Ch. 9 - Prob. 100CPCh. 9 - Prob. 101CPCh. 9 - Prob. 102CPCh. 9 - Prob. 103CPCh. 9 - Prob. 104CPCh. 9 - Prob. 105CPCh. 9 - Prob. 106CPCh. 9 - Prob. 107CPCh. 9 - Prob. 108CPCh. 9 - Significance Explain the difference between...Ch. 9 - More doctors recommend An advertisement by Company...Ch. 9 - Prob. 111CPCh. 9 - Bad P-value interpretations A random sample of...Ch. 9 - Prob. 113CPCh. 9 - Prob. 114CPCh. 9 - Prob. 115CPCh. 9 - Prob. 116CPCh. 9 - Prob. 117CPCh. 9 - Prob. 118CPCh. 9 - Prob. 119CPCh. 9 - Prob. 120CPCh. 9 - Prob. 121CPCh. 9 - True or false A 95% confidence interval for =...Ch. 9 - Prob. 123CPCh. 9 - Prob. 124CPCh. 9 - Prob. 125CPCh. 9 - Prob. 126CPCh. 9 - Prob. 127CPCh. 9 - Prob. 128CP
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- Let G be a connected graph that does not have P4 or C3 as an induced subgraph (i.e.,G is P4, C3 free). Prove that G is a complete bipartite grapharrow_forwardProve sufficiency of the condition for a graph to be bipartite that is, prove that if G hasno odd cycles then G is bipartite as follows:Assume that the statement is false and that G is an edge minimal counterexample. That is, Gsatisfies the conditions and is not bipartite but G − e is bipartite for any edge e. (Note thatthis is essentially induction, just using different terminology.) What does minimality say aboutconnectivity of G? Can G − e be disconnected? Explain why if there is an edge between twovertices in the same part of a bipartition of G − e then there is an odd cyclearrow_forwardLet G be a connected graph that does not have P4 or C4 as an induced subgraph (i.e.,G is P4, C4 free). Prove that G has a vertex adjacent to all othersarrow_forward
- We consider a one-period market with the following properties: the current stock priceis S0 = 4. At time T = 1 year, the stock has either moved up to S1 = 8 (with probability0.7) or down towards S1 = 2 (with probability 0.3). We consider a call option on thisstock with maturity T = 1 and strike price K = 5. The interest rate on the money marketis 25% yearly.(a) Find the replicating portfolio (φ, ψ) corresponding to this call option.(b) Find the risk-neutral (no-arbitrage) price of this call option.(c) We now consider a put option with maturity T = 1 and strike price K = 3 onthe same market. Find the risk-neutral price of this put option. Reminder: A putoption gives you the right to sell the stock for the strike price K.1(d) An investor with initial capital X0 = 0 wants to invest on this market. He buysα shares of the stock (or sells them if α is negative) and buys β call options (orsells them is β is negative). He invests the cash balance on the money market (orborrows if the amount is…arrow_forwardDetermine if the two statements are equivalent using a truth tablearrow_forwardQuestion 4: Determine if pair of statements A and B are equivalent or not, using truth table. A. (~qp)^~q в. р л~9arrow_forward
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