BNAL206_Assignment1_Spring19.doc - BNAL 206 CRN 23793 Spring 2019 Assignment 1 INSTRUCTIONS This assignment is due on [email protected] You should turn it

# BNAL206_Assignment1_Spring19.doc - BNAL 206 CRN 23793...

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BNAL 206 - CRN 23793- Spring 2019- Assignment 1 INSTRUCTIONS This assignment is due on Tuesday, March 19 2019 @1.30pm. You should turn it in in Class. Do not -- repeat, NOT -- email it. Homework that is emailed will not be accepted. Where and if appropriate show your work to potentially get partial credit. Even if the answer is wrong, if I can see that you were on the right track through your work, you might get partial credit. Your work should be readable 1
BNAL 206 - CRN 23793- Spring 2019- Assignment 1 NAME (print) __________________________________________ (Write your answer in the blank space after each question) 1. (2 points) What two types of data are we primarily dealing with?_____ a. Categorical and Complexb. Numerical and Categoricalc. Numerical and Simpled. Numerical and Bayesian 2. (2 points) What are the measures of central tendency? _____ 3. (2 points) A probability is the numeric value representing the chance, likelihood, or possibility that aparticular event will occur. Probability values range between: _____ 4. (2 points) The empirical rule tells us that approximately how much data will fall between plus or minus 1 standard deviation of the mean? _____ 2
BNAL 206 - CRN 23793- Spring 2019- Assignment 1 5. Consider the following contingency table representing data the relative risk of various mutual funds (rows), and their star ratings (columns). (10points) Rows: Risk Columns: Star Rating Five Four One Three Two Average 4 15 9 35 28 High 0 1 7 1 4 Low 19 82 7 74 30 a. (3 points) How many funds had a relatively low risk and a four star rating? b. (3 points) What percentage of funds had a high risk rating? c. (4 points) What percentage of funds had a low risk rating and at least three star rating? ----------------------------------------------------------------------------------------------------------------------- 6. (5 points) Circle which of the following items are part of a five-number summary: Mean Maximum Median Standard Deviation Minimum Mode Interquartile Range Q3 Q1 3
BNAL 206 - CRN 23793- Spring 2019- Assignment 1 7. Formula Matching (6 points) For each formula on the left (A, B, and C), make the one best match with the terms on the right and write that one match in the answer space. Each match is worth 2 points: Formula Answer A X i n i = 1 n å _____ 1. Expected Value 2. Mean 3. Bayes’s Theorem 4. Variance 5. Standard Deviation 6. Median 7. Conditional Probability B P(A|B) = P(A and B) P(B) _____ C x i P(X = x i i = 1 n å ) _____ 4
BNAL 206 - CRN 23793- Spring 2019- Assignment 1 8.

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