Chapter 17 Answers

Chapter 17 Answers - b) $0.00 6. $11 7. a) i )-$0.05 $1.00...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 17 Answers 1. a) 25 b) 3.54 2. a) 250 b) 11.18 3. a) 16.67 b) 3.73 c) Using Book table: 18.405% without continuity correction, 14.685% with correction Exact: 18.555% without continuity correction, 15.187% with correction 4. a) 150 ± 11.18 b) -$150 ± $55.90 c) Using Book table: 0.345% without continuity correction, 0.400% with correction Exact: 0.365% without continuity correction, 0.374% with correction 5. a) -$0.17, not fair
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: b) $0.00 6. $11 7. a) i )-$0.05 $1.00 ii ) -$0.05 $5.76 b) Scheme ii ) is the best bet. 8. a) i ) -$0.05 $4.02 ii ) -$0.05 $2.19 b) Scheme i ) is the best bet. 9. a) $3 x 12, -$1 x 40 ; EV = -$0.08, not fair b) 25 c) -$7.69 $16.85 d) Using Book table: 44.040% Exact: 44.554% 10. N EV n SE n 1-$.05 $1.00 10-$.53 $3.16 100-$5.26 $9.99 1000-$52.63 $31.58 10000-$526.32 $99.86...
View Full Document

Ask a homework question - tutors are online