Mathematics All Around (6th Edition)
6th Edition
ISBN: 9780134434681
Author: Tom Pirnot
Publisher: PEARSON
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Textbook Question
Chapter 13.4, Problem 26E
Assume that you have $10,000 to invest in stocks, bonds, or precious metals. Use this table, which shows the probabilities for gain or loss for these investments over the next year, in Exercises 23–26.
| Stocks | Bonds | Metals | |||
| Probability | Change | Probability | Change | Probability | Change |
| 0.5 | Gain 6% | 0.6 | Gain 4% | 0.45 | Gain 10% |
| 0.3 | No change | 0.3 | No change | 0.15 | No change |
| 0.2 | Lose 2% | 0.1 | Lose 3% | 0.4 | Lose 6% |
Evaluating investments. What do you see as the advantages and disadvantages of each investment? Which investment do you personally feel the most comfortable with?
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Students have asked these similar questions
An insurance policy costs $105 per year and insures the items in the policy owner's home against theft for the year in which coverage is purchased. Which of these correctly describes the additional information that the insurance company will need to calculate an expected net return per policy?
A
The number of policies sold only
B
The payout to the insured if a theft occurs only
C
The number of policies sold and the probability of damage occurring to the home
D
The probability of theft of property from the policy owner's home and the payout to the insured if a theft occurs
The following table reports a portion of the annual returns (in percent) for these two funds from 2000–2016.
Data for Case Study 3.2 Returns (in percent) for Janus Funds
Year Balanced Overseas
2000-2.16-18.57
2001-5.04-23.11
2002-6.56-23.89
2003-13.74-36.79
2004-8.71-18.58
2005-7.75-32.39
2006-10.56-47.21
2007-10.15-27.76
2008-15.22-52.75
2009-24.28-78.12
2010-7.83-19.28
2011-1.44-32.78
2012-13.07-12.42
2013-19.72-12.1
2014-8.46-13.72
2015-0.60-8.55
2016-4.51-6.91
In a report, use the sample information to
1. Calculate measures of central location to describe the similarities and the differences in these two funds’ returns.
2. Calculate measures of dispersion to assess the risk of each fund.
3. Calculate and interpret measures of correlation between the two funds.
Claims for a health company insurance are exponentially distributed.
An insurance company offers the subscriber two different types of
insurance, class A has a coverage of 1.54. For a random loss, with a
probability of 0.640. Class B has a coverage of d. with a probability of
0.512.
The value of d is:
Select one:
a. 2.0182
b. 1.8871
c. 2.16
d. 2.0976
е. 2.31
Chapter 13 Solutions
Mathematics All Around (6th Edition)
Ch. 13.1 - In Exercises 14 , write each event as a set of...Ch. 13.1 - In Exercises 14 , write each event as a set of...Ch. 13.1 - In Exercises 14 , write each event as a set of...Ch. 13.1 - Prob. 4ECh. 13.1 - In Exercises 58, use the given spinner to write...Ch. 13.1 - Prob. 6ECh. 13.1 - In Exercises 58, use the given spinner to write...Ch. 13.1 - In Exercises 58, use the given spinner to write...Ch. 13.1 - We are rolling two four-sided dice having the...Ch. 13.1 - We are rolling two four-sided dice. One die has...
Ch. 13.1 - Singers E nrique, K aty, R ihanna, and B runo are...Ch. 13.1 - We are flipping four coins. Outcomes in the sample...Ch. 13.1 - An experimenter testing for extrasensory...Ch. 13.1 - Choosing seats in a theater. Amy and Louisa are...Ch. 13.1 - In Exercises 1518, a Find the probability of the...Ch. 13.1 - In Exercises 1518, a Find the probability of the...Ch. 13.1 - In Exercises 1518, a Find the probability of the...Ch. 13.1 - Prob. 18ECh. 13.1 - In Exercises 1922, assume that we are drawing a...Ch. 13.1 - Prob. 20ECh. 13.1 - In Exercises 1922, assume that we are drawing a...Ch. 13.1 - Prob. 22ECh. 13.1 - The residents of a small town and the surrounding...Ch. 13.1 - The residents of a small town and the surrounding...Ch. 13.1 - Applying What Youve Learned The residents of a...Ch. 13.1 - Applying What Youve Learned The residents of a...Ch. 13.1 - Gender and probability. In a given year, 2,048,861...Ch. 13.1 - Playing a carnival game. A fish pond at a carnival...Ch. 13.1 - Selecting cookies. In Exercises 2932, a cookie is...Ch. 13.1 - Selecting cookies. In Exercises 2932, a cookie is...Ch. 13.1 - Selecting cookies. In Exercises 2932, a cookie is...Ch. 13.1 - Prob. 32ECh. 13.1 - Genetics. The following table lists some of the...Ch. 13.1 - Prob. 34ECh. 13.1 - Prob. 35ECh. 13.1 - Prob. 36ECh. 13.1 - In cross-breeding snapdragons, Mendel found that...Ch. 13.1 - In cross-breeding snapdragons, Mendel found that...Ch. 13.1 - Cystic fibrosis. Cystic fibrosis is a serious...Ch. 13.1 - Cystic fibrosis. From the Punnett square in...Ch. 13.1 - For Exercises 4144, assume that a dart is thrown...Ch. 13.1 - For Exercises 4144, assume that a dart is thrown...Ch. 13.1 - Prob. 43ECh. 13.1 - Prob. 44ECh. 13.1 - Grades and living arrangements. Assume that the...Ch. 13.1 - Prob. 46ECh. 13.1 - Use this replica of the Monopoly game board to...Ch. 13.1 - Prob. 48ECh. 13.1 - Prob. 49ECh. 13.1 - Prob. 50ECh. 13.1 - Prob. 51ECh. 13.1 - Prob. 52ECh. 13.1 - Prob. 53ECh. 13.1 - Prob. 54ECh. 13.1 - Use spinners A, B, and C below to do Exercises 55...Ch. 13.1 - Use spinners A, B, and C below to do Exercises 55...Ch. 13.1 - In horse racing, a trifecta is a race in which you...Ch. 13.1 - In horse racing, a trifecta is a race in which you...Ch. 13.1 - If the odds against event E are 5 to 2, what is...Ch. 13.1 - If P(E)=0.45, then what are the odds against E?Ch. 13.1 - Prob. 61ECh. 13.1 - Prob. 62ECh. 13.1 - Prob. 63ECh. 13.1 - Prob. 64ECh. 13.1 - The casino game of craps is played by a person...Ch. 13.1 - Prob. 66ECh. 13.1 - Winning at Powerball. Research and find the...Ch. 13.1 - Prob. 68ECh. 13.1 - Prob. 69ECh. 13.1 - Prob. 70ECh. 13.1 - Prob. 71ECh. 13.1 - Prob. 72ECh. 13.1 - Prob. 73ECh. 13.1 - Explain the difference between the probability of...Ch. 13.1 - Prob. 75ECh. 13.1 - Prob. 76ECh. 13.1 - Prob. 77ECh. 13.1 - Prob. 78ECh. 13.1 - Prob. 79ECh. 13.1 - Prob. 80ECh. 13.1 - a. Flip a coin 100 times. How do your empirical...Ch. 13.1 - Prob. 83ECh. 13.2 - In Exercises 18, use the complement formula to...Ch. 13.2 - In Exercises 18, use the complement formula to...Ch. 13.2 - In Exercises 18, use the complement formula to...Ch. 13.2 - In Exercises 18, use the complement formula to...Ch. 13.2 - In Exercises 58, consider the complement of the...Ch. 13.2 - In Exercises 58, consider the complement of the...Ch. 13.2 - In Exercises 58, consider the complement of the...Ch. 13.2 - In Exercises 58, consider the complement of the...Ch. 13.2 - Drawing cards. If a single card is drawn from a...Ch. 13.2 - Drawing cards. If a single card is drawn from a...Ch. 13.2 - Probability and the weather. If the probability of...Ch. 13.2 - Prob. 12ECh. 13.2 - In Exercises 1316, assume that A and B are events....Ch. 13.2 - In Exercises 1316, assume that A and B are events....Ch. 13.2 - In Exercises 1316, assume that A and B are events....Ch. 13.2 - In Exercises 1316, assume that A and B are events....Ch. 13.2 - Assume that P(A)=0.45,P(AB)=0.15, and the...Ch. 13.2 - Prob. 18ECh. 13.2 - Use the following table from the U.S. Bureau of...Ch. 13.2 - Use the following table from the U.S. Bureau of...Ch. 13.2 - Income and internet usage. Use the following table...Ch. 13.2 - Income and internet usage. Use the following table...Ch. 13.2 - Income and internet usage. Use the following table...Ch. 13.2 - Income and internet usage. Use the following table...Ch. 13.2 - Part-time work and time to graduate. The following...Ch. 13.2 - Prob. 26ECh. 13.2 - Part-time work and time to graduate. The following...Ch. 13.2 - Prob. 28ECh. 13.2 - If we draw a card from a standard 52-card deck,...Ch. 13.2 - Prob. 30ECh. 13.2 - Prob. 31ECh. 13.2 - Predicting final exam questions. From studying...Ch. 13.2 - A college administration has conducted a study of...Ch. 13.2 - A college administration has conducted a study of...Ch. 13.2 - A college administration has conducted a study of...Ch. 13.2 - A college administration has conducted a study of...Ch. 13.2 - Selling defective cameras. A manufacturer has...Ch. 13.2 - Winning a raffle. The 35-member college ski club...Ch. 13.2 - Serving spoiled food. The Sashimi restaurant has...Ch. 13.2 - Winning a prize. Eighteen students are being...Ch. 13.2 - Prob. 41ECh. 13.2 - Prob. 42ECh. 13.2 - Prob. 43ECh. 13.2 - If P(EF)=P(E)+P(F), what can you conclude about...Ch. 13.2 - Prob. 45ECh. 13.2 - Prob. 46ECh. 13.2 - Prob. 47ECh. 13.2 - Prob. 48ECh. 13.2 - Prob. 49ECh. 13.2 - Prob. 50ECh. 13.2 - Prob. 51ECh. 13.2 - Prob. 52ECh. 13.2 - Prob. 53ECh. 13.2 - Prob. 54ECh. 13.3 - In Exercises 14, assume that we are rolling two...Ch. 13.3 - In Exercises 14, assume that we are rolling two...Ch. 13.3 - In Exercises 14, assume that we are rolling two...Ch. 13.3 - In Exercises 14, assume that we are rolling two...Ch. 13.3 - In Exercises 58, we are drawing a single card from...Ch. 13.3 - In Exercises 58, we are drawing a single card from...Ch. 13.3 - In Exercises 58, we are drawing a single card from...Ch. 13.3 - In Exercises 58, we are drawing a single card from...Ch. 13.3 - You are to randomly pick one disk from a bag that...Ch. 13.3 - You are to randomly pick one disk from a bag that...Ch. 13.3 - You are to randomly pick one disk from a bag that...Ch. 13.3 - You are to randomly pick one disk from a bag that...Ch. 13.3 - You are to randomly pick one disk from a bag that...Ch. 13.3 - You are to randomly pick one disk from a bag that...Ch. 13.3 - Probability and drawing cards. In Exercises 1520,...Ch. 13.3 - Probability and drawing cards. In Exercises 1520,...Ch. 13.3 - Probability and drawing cards. In Exercises 1520,...Ch. 13.3 - Prob. 18ECh. 13.3 - Probability and drawing cards. In Exercises 1520,...Ch. 13.3 - Prob. 20ECh. 13.3 - Prob. 21ECh. 13.3 - We are drawing 2 cards with replacement from a...Ch. 13.3 - For Exercises 2326, assume that you are drawing...Ch. 13.3 - For Exercises 2326, assume that you are drawing...Ch. 13.3 - For Exercises 2326, assume that you are drawing...Ch. 13.3 - For Exercises 2326, assume that you are drawing...Ch. 13.3 - Prob. 27ECh. 13.3 - Prob. 28ECh. 13.3 - Prob. 29ECh. 13.3 - Prob. 30ECh. 13.3 - The editors of Auto Web have evaluated several E...Ch. 13.3 - Prob. 32ECh. 13.3 - Prob. 33ECh. 13.3 - Prob. 34ECh. 13.3 - Prob. 35ECh. 13.3 - Prob. 36ECh. 13.3 - Prob. 37ECh. 13.3 - Prob. 38ECh. 13.3 - Prob. 39ECh. 13.3 - In Exercises 3540, an experiment and two events...Ch. 13.3 - According to U.S. government statistics,...Ch. 13.3 - Prob. 42ECh. 13.3 - According to U.S. government statistics,...Ch. 13.3 - Prob. 44ECh. 13.3 - Probability and political preferences. The...Ch. 13.3 - Prob. 46ECh. 13.3 - Probability and political preferences. The...Ch. 13.3 - Prob. 48ECh. 13.3 - Prob. 49ECh. 13.3 - Prob. 50ECh. 13.3 - Prob. 51ECh. 13.3 - Prob. 52ECh. 13.3 - Prob. 53ECh. 13.3 - Prob. 54ECh. 13.3 - Prob. 55ECh. 13.3 - Prob. 56ECh. 13.3 - Selecting a dormitory room. Exercises 57 and 58...Ch. 13.3 - Prob. 58ECh. 13.3 - Prob. 59ECh. 13.3 - Prob. 60ECh. 13.3 - Prob. 61ECh. 13.3 - Prob. 62ECh. 13.3 - Prob. 63ECh. 13.3 - Prob. 64ECh. 13.3 - Product reliability. You want to purchase a DVD...Ch. 13.3 - Prob. 66ECh. 13.3 - Product reliability. You want to purchase a DVD...Ch. 13.3 - Prob. 68ECh. 13.3 - Prob. 69ECh. 13.3 - Prob. 70ECh. 13.3 - Prob. 71ECh. 13.3 - Prob. 72ECh. 13.3 - Prob. 73ECh. 13.3 - Prob. 74ECh. 13.3 - Prob. 75ECh. 13.3 - Prob. 76ECh. 13.3 - Prob. 77ECh. 13.3 - Prob. 78ECh. 13.3 - Prob. 79ECh. 13.3 - Prob. 80ECh. 13.3 - Prob. 81ECh. 13.3 - Prob. 82ECh. 13.3 - Prob. 83ECh. 13.4 - In Exercises 1 and 2, we give the probabilities...Ch. 13.4 - In Exercises 1 and 2, we give the probabilities...Ch. 13.4 - In Exercises 3 and 4, you are playing a game in...Ch. 13.4 - In Exercises 3 and 4, you are playing a game in...Ch. 13.4 - In Exercises 5and 6, you pay 1 to play a game in...Ch. 13.4 - Prob. 6ECh. 13.4 - Prob. 7ECh. 13.4 - Prob. 8ECh. 13.4 - In Exercises 912, first calculate the expected...Ch. 13.4 - Prob. 10ECh. 13.4 - In Exercises 912, first calculate the expected...Ch. 13.4 - In Exercises 912, first calculate the expected...Ch. 13.4 - Evaluating a franchises profits. Grace Adler is...Ch. 13.4 - Prob. 14ECh. 13.4 - Prob. 15ECh. 13.4 - In Exercises 1518, we describe several ways to bet...Ch. 13.4 - Prob. 17ECh. 13.4 - Prob. 18ECh. 13.4 - In Exercises 1922, a student is taking the GRE,...Ch. 13.4 - Prob. 20ECh. 13.4 - In Exercises 1922, a student is taking the GRE,...Ch. 13.4 - Prob. 22ECh. 13.4 - Prob. 23ECh. 13.4 - Assume that you have 10,000 to invest in stocks,...Ch. 13.4 - Prob. 25ECh. 13.4 - Assume that you have 10,000 to invest in stocks,...Ch. 13.4 - Prob. 27ECh. 13.4 - Prob. 28ECh. 13.4 - Your insurance company has a policy to insure...Ch. 13.4 - Assume that you have a used car worth 6,500 and...Ch. 13.4 - A company estimates that it has a 60 chance of...Ch. 13.4 - Prob. 32ECh. 13.4 - Prob. 33ECh. 13.4 - Prob. 34ECh. 13.4 - Prob. 35ECh. 13.4 - Prob. 36ECh. 13.4 - Beating the lottery. Search online for...Ch. 13.4 - Prob. 39ECh. 13.4 - Estimating daily profit. Mike sells the Town...Ch. 13.4 - Prob. 41ECh. 13.4 - Prob. 42ECh. 13.4 - Prob. 43ECh. 13.4 - Prob. 44ECh. 13.5 - In Exercises 16, determine whether each experiment...Ch. 13.5 - Prob. 2ECh. 13.5 - Prob. 3ECh. 13.5 - Prob. 4ECh. 13.5 - Prob. 5ECh. 13.5 - Prob. 6ECh. 13.5 - Prob. 7ECh. 13.5 - Prob. 8ECh. 13.5 - Prob. 9ECh. 13.5 - Prob. 10ECh. 13.5 - Prob. 11ECh. 13.5 - Prob. 12ECh. 13.5 - Prob. 13ECh. 13.5 - Prob. 14ECh. 13.5 - Prob. 15ECh. 13.5 - Prob. 16ECh. 13.5 - Prob. 17ECh. 13.5 - Prob. 18ECh. 13.5 - Prob. 19ECh. 13.5 - Prob. 20ECh. 13.5 - Prob. 21ECh. 13.5 - Prob. 22ECh. 13.5 - Prob. 23ECh. 13.5 - Prob. 24ECh. 13.5 - Prob. 25ECh. 13.5 - Assume that a child is buying packages of candy...Ch. 13.5 - Prob. 27ECh. 13.5 - Prob. 28ECh. 13.5 - Prob. 29ECh. 13.5 - Prob. 30ECh. 13.CR - 1. Describe each event as a set of outcomes. a....Ch. 13.CR - If a single card is selected from a standard...Ch. 13.CR - Explain the difference between empirical and...Ch. 13.CR - 4. In cross-breeding pea plants, Mendel found that...Ch. 13.CR - Prob. 5CRCh. 13.CR - Prob. 6CRCh. 13.CR - Prob. 7CRCh. 13.CR - Prob. 8CRCh. 13.CR - Explain in your own words what we mean by...Ch. 13.CR - Prob. 10CRCh. 13.CR - Prob. 11CRCh. 13.CR - Prob. 12CRCh. 13.CR - Prob. 13CRCh. 13.CR - Prob. 14CRCh. 13.CR - Prob. 15CRCh. 13.CR - You are playing a game in which four fair coins...Ch. 13.CR - Calculate B(8,3;12).Ch. 13.CR - Prob. 18CRCh. 13.CT - Describe each event as a set of outcomes. a. When...Ch. 13.CT - 2. If we select a single card from a standard...Ch. 13.CT - 3. a. If the odds against the Dolphins winning the...Ch. 13.CT - 4. If we draw a single card from a standard...Ch. 13.CT - Prob. 5CTCh. 13.CT - Prob. 6CTCh. 13.CT - Prob. 7CTCh. 13.CT - Prob. 8CTCh. 13.CT - Prob. 9CTCh. 13.CT - Prob. 10CTCh. 13.CT - Prob. 11CTCh. 13.CT - Prob. 12CTCh. 13.CT - It costs 2 to buy a raffle ticket. If there are...Ch. 13.CT - Prob. 14CTCh. 13.CT - 15. Assume that 2 cards are drawn without...
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