WebAssign Printed Access Card for Brase/Brase's Understandable Statistics: Concepts and Methods, 12th Edition, Single-Term
12th Edition
ISBN: 9781337652551
Author: Charles Henry Brase, Corrinne Pellillo Brase
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 11.4, Problem 7P
(i)
To determine
Convert the sequence of numbers to a sequence of symbols A and B.
(ii)
To determine
(a)
Find the level of significance.
State the null and alternative hypothesis.
(b)
Find the sample test statistic R, the number of runs.
(c)
Find the lower critical value.
Find the upper critical value.
(d)
Mention the conclusion of the test.
(e)
Interpret the conclusion in the context of the application.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Day traders typically buy and sell stocks (or other investment instruments) during the trading day and sell all investments by the
end of the day. The following table shows the closing prices on September 22, 2015, of 12 stocks selected by your broker,
Prudence Swift, as well as the change that day.
Tech Stocks
Close
Change
AAPL (Apple)
$113.40
-1.81
ADBE (Adobe Systems)
$84.66
1.34
EBAY (eBay)
$25.61
-0.31
MSFT (Microsoft)
$3.90
-0.21
S (Sprint)
$4.40
0.02
WIFI (Boingo Wireless)
$8.51
0.56
Non-Tech Stocks
ANF (Abercrombie & Fitch)
$21.81
-0.02
в (Воeing)
$133.99
-2.03
F (Ford Motor Co.)
$13.91
-0.40
GE (General Electric)
$25.10
0.01
GIS (General Mills)
$57.12
0.33
JNJ (Johnson & Johnson)
$93.26
0.13
On the morning of September 22, 2015, Swift advised you to purchase a collection of three tech stocks and two non-tech stocks,
all chosen at random from those listed in the table. You were to sell all the stocks at the end of the trading day.
(a) How many possible collections are possible?…
The rate of return for the last 19 years of a certain segment of the stock market is given in the table.
(The data is also provided below the table as a comma-separated list to make it easier to copy.)
Market Segment Rate of
Return, 2002-2020
Year
Rate of Return (%)
2020
3.23
2019
6.14
2018
11.39
2017
15.99
2016
3.24
2015
-3.86
2014
-1.04
2013
8.49
2012
5.93
2011
6.96
2010
1.98
2009
3.13
2008
-6.55
2007
7.27
2006
3.02
2005
-1.34
2004
7.28
2003
6.27
2002
-0.76
Rate of Return (%):
3.23, 6.14, 11.39, 15.99, 3.24, -3.86, -1.04, 8.49, 5.93, 6.96, 1.98, 3.13, -6.55, 7.27, 3.02, -1.34, 7.28,
6.27, -0.76
Find the 34th percentile of the data.
6.46
A stock has monthly returns of 4%, 5%, 2%, and -3%. Its geometric average return is closest to:
O 195
O 2.43
O 3.36
O 4.17
Chapter 11 Solutions
WebAssign Printed Access Card for Brase/Brase's Understandable Statistics: Concepts and Methods, 12th Edition, Single-Term
Ch. 11.1 - Statistical Literacy To apply the sign test, do...Ch. 11.1 - Prob. 2PCh. 11.1 - Economic Growth: Asia Asian economies impact some...Ch. 11.1 - Debt: Developing Countries Borrowing money may be...Ch. 11.1 - Education: Exams A high school science teacher...Ch. 11.1 - Prob. 6PCh. 11.1 - Prob. 7PCh. 11.1 - Prob. 8PCh. 11.1 - Prob. 9PCh. 11.1 - Prob. 10P
Ch. 11.1 - Prob. 11PCh. 11.1 - Prob. 12PCh. 11.2 - Prob. 1PCh. 11.2 - Prob. 2PCh. 11.2 - Prob. 3PCh. 11.2 - Prob. 4PCh. 11.2 - Prob. 5PCh. 11.2 - Prob. 6PCh. 11.2 - Prob. 7PCh. 11.2 - Prob. 8PCh. 11.2 - Prob. 9PCh. 11.2 - Prob. 10PCh. 11.2 - Prob. 11PCh. 11.3 - Prob. 1PCh. 11.3 - Statistical Literacy Consider the Spearman rank...Ch. 11.3 - Prob. 4PCh. 11.3 - Prob. 5PCh. 11.3 - Prob. 6PCh. 11.3 - Prob. 7PCh. 11.3 - Prob. 8PCh. 11.3 - Prob. 9PCh. 11.3 - Prob. 10PCh. 11.3 - Prob. 11PCh. 11.4 - Prob. 1PCh. 11.4 - Prob. 2PCh. 11.4 - Prob. 3PCh. 11.4 - Prob. 4PCh. 11.4 - Prob. 5PCh. 11.4 - Prob. 6PCh. 11.4 - Prob. 7PCh. 11.4 - Prob. 8PCh. 11.4 - Prob. 9PCh. 11.4 - Prob. 10PCh. 11.4 - Prob. 11PCh. 11.4 - Prob. 12PCh. 11 - Prob. 1CRPCh. 11 - Prob. 2CRPCh. 11 - Prob. 3CRPCh. 11 - Prob. 4CRPCh. 11 - Prob. 5CRPCh. 11 - Prob. 6CRPCh. 11 - Prob. 7CRPCh. 11 - Prob. 8CRPCh. 11 - Prob. 9CRPCh. 11 - Prob. 10CRPCh. 11 - Prob. 1CURPCh. 11 - Prob. 2CURPCh. 11 - Prob. 3CURPCh. 11 - Prob. 4CURPCh. 11 - Prob. 5CURPCh. 11 - Prob. 6CURPCh. 11 - Prob. 7CURP
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
- The following table shows a data set containing information for 45 mutual funds that are part of the Morningstar Funds 500 for 2008. . The data set includes the following five variables: Use Excel to answer the following question: a. Prepare a crosstabulation of the data on Fund Type (row variable) and the average annual return over the past 5 years (column variable). Use classes of 0–10, 10–20, 20–30, 30–40, 40–50, and 50–60 for the 5-Year Average Return (%) (Class width is 10). B. Construct frequency distributions for Fund Type and 5-Year Average Return (%) respectively. Based on the frequency distributions of the two variables, which of the following answers is wrong? Group of answer choices Out of the 45 mutual funds, there are 2 funds with 5-year average return of 30 - 40 (%). Out of the 45 mutual funds, there are 28 funds with 5-year average return of 10 - 20 (%). Out of the 45 mutual funds, there are 28 DE type of funds. Out of the 45 mutual funds, there are 10…arrow_forwardBoran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Stock A B C Stock D A B C D Industry Oil Computer Steel Real Estate January Year 1 Quantity 100 Need Help? Read It 150 75 50 Price per Share ($) March Year 1 Base 29.50 January Year 3 Compute the price relatives for the four stocks making up the Boran index. (Round your answers to one decimal place.) Price Relative 22.75 16.00 March Year 3 65.00 49.00 49.50 22.50 40.00 31.00 29.50 6.50 2.75 Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes. (Round your answers to one decimal place.) Ijan = IMar =arrow_forwardA magazine published data on the best small firms in a certain year. These were firms which had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. The table below shows the ages of the chief executive officers for the first 70 ranked firms. Cumulative Relative Age Frequency Relative Frequency Frequency 40-44 45-49 11 50-54 19 55-59 16 60-64 10 65-69 8 70-74 (a) What is the frequency for CEO ages between (but not including) 54 and 65? (Enter your answer as a whole number.) (b) What percentage of CEOS are 65 years or older? (Round your answer to the nearest whole number.) % (c) What is the relative frequency of ages under 50? (Round your answer to two decimal places.) (d) What is the cumulative relative frequency for CEOS younger than 55? (Round your answer to two decimal places.)arrow_forward
- What's your favorite TV show? The following table presents the numbers of viewers, in millions for the top 12 prime-time shows for the 2013-2014 and 2018-2019 seasons. The numbers of viewers include those who watched the program on any platform, including time-shifting up to seven days after the original telecast. Top TV Programs 2013-2014 13.0 13.9 14.6 15.0 15.2 12.1 12.6 14.0 16.0 19.8 21.5 20.0 Top TV Programs 2018-2019 12.7 13.8 15.3 14.4 14.6 12.4 11.9 15.9 11.7 17.4 11.6 19.3 Send data to Excel Part: 0 / 3 Part 1 of 3 (a) Find the population standard deviation of the ratings for 2013-2014. Round the answer to two decimal places as needed. The population standard deviation of the ratings for 2013-2014 is xarrow_forwardWhat's your favorite TV show? The following table presents the numbers of viewers, in millions for the top 12 prime-time shows for the 2013-2014 and 2018-2019 seasons. The numbers of viewers include those who watched the program on any platform, including time-shifting up to seven days after the original telecast. Top TV Programs 2013-2014 21.5 20.0 19.8 16.0 15.2 15.0 14.6 14.0 13.9 13.6 13.0 12.7 Top TV Programs 2018-2019 19.3 17.4 15.9 15.3 14.6 14.4 13.8 12.8 12.7 12.6 12.4 11.9 Send data to Excel Part 1 of 3 (a) Find the population standard deviation of the ratings for 2013-2014. Round the answer to two decimal places as needed. The population standard deviation of the ratings for 2013-2014 is 2.85 Part: 1 / 3 Part 2 of 3 (b) Find the population standard deviation of the ratings for 2018-2019. Round the answer to two decimal places as needed. The population standard deviation of the ratings for 2018-2019 is Xarrow_forwardFinancial analystarrow_forward
- The percentage of individual investors’ portfolios committed to stock depends on the state of the economy. As of April 2014, a typical portfolio consisted of cash (19%), stocks (30%), stock funds (37%), bonds (8%) and bond funds (6%). The following table reports the percentage of stocks in a typical portfolio in eight quarters of 2012 to 2013. Year Quarters Stock % 2012 1 29.8 2012 2 31 2012 3 29.9 2012 4 30.1 2013 1 32.2 2013 2 31.5 2013 3 32 2013 4 31.9 In the first quarter of 2013 the seasonal index of approximately………………. means that values of the time series are …………… by the presence of seasonal forces. A. 100.8416, depressed B. 96.8555, stimulated C. 99.1586, depressed D. 103.2465, stimulatedarrow_forwardPark City, Utah was settled as a mining community in 1870 and experienced growth until the late 1950s when the price of silver dropped. In the past 40 years, Park City has experienced new growth as a thriving ski resort. The population data for selected years between 1900 and 2009 are given below. Park City, Utah Year 1900 1930 1940 1950 1970 1980 1990 2000 2009 Population 3759 4281 3739 2254 1193 2823 4468 7341 11983 (a) What behavior of a scatter plot of the data indicates that a cubic model is appropriate? O a change in concavity and neither a relative maximum nor a relative minimum O a change in concavity and both a relative maximum and a relative minimum O no change in concavity and an absolute minimum O no change in concavity and an absolute maximum (b) Align the input so that t = 0 in 1900. Find a cubic model for the data. (Round all numerical values to three decimal places.) p(t) = (c) Numerically estimate the derivative of the model in 2007 to the nearest hundred. p'(107) =…arrow_forwardGovernment agencies keep data about the income distribution of the population. The Wood family and Bryant family live in a county with 14,000 families. The Wood family's income is at the 76th percentile. The Bryant family's income is at the 62nd percentile. (a) Which of the following must be true about the Wood family's income? O The Wood family earns less than about 76% of families in their county. O The Wood family earns about 76% of the highest income in their county. O The Wood family earns more than about 76% of families in their county. O The Wood family earns about 24% of the highest income in their county. (b) Which of the following must be true about the Wood family's and the Bryant family's incomes? O The Bryant family earns more than the Wood family. O Both the Wood family and the Bryant family earn more than the median income. O The Wood family earns $14,000 more than the Bryant family. O The Wood family and the Bryant family both have incomes in the bottom half of incomes…arrow_forward
- A magazine published data on the best small firms in a certain year. These were firms which had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. The table below shows the ages of the chief executive officers for the first 64 ranked firms. Relative Frequency Age 40-44 3 45-49 11 50-54 19 55-59 60-64 10 65-69 2 70-74 1 Frequency Cumulative Relative Frequency (a) What is the frequency for CEO ages between (but not including) 54 and 65? (Enter your answer as a whole number.) 28 (b) What percentage of CEOs are 65 years or older? (Round your answer to the nearest whole number.) 8 (c) What is the relative frequency of ages under 50? (Round your answer to two decimal places.) 0.23 (d) What is the cumulative relative frequency for CEOs younger than 55? (Round your answer to two decimal places.) 0.47 (e) Which graph shows the relative frequency? Relative Frequency 1.0 0.8 0.6 Relative…arrow_forwardBoran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Stock A B C D Jan Mar Stock = = A - B с D Industry Oil Computer Steel Real Estate January Year 1 Quantity 100 150 75 50 Price per Share ($) March Year 1 Base 31.50 65.00 40.00 16.00 Compute the price relatives for the four stocks making up the Boran index. (Round your answers to one decimal place.) Price Relative January Year 3 22.75 49.00 32.00 6.50 March Year 3 22.50 47.50 29.50 Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes. (Round your answers to one decimal place.) I, 2.75arrow_forwardForecasting Methods: Perform Trend Series Analysis (sales projection for the year 10, 12 and 17) Make based on the sales data below:Year 1: 24,333; Year 2: 33,524; Year 3: 26,778; Year 4: 30,567; Year 5: 27,564; Year 6: 24,555; Year 7: 21,777 and Year 8: 25,669.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chi Square test; Author: Vectors Academy;https://www.youtube.com/watch?v=f53nXHoMXx4;License: Standard YouTube License, CC-BY