mcoxw3a3 - Workshop 3 Individual Review Questions 1. 1....

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Workshop 3 Individual Review Questions 4.36 Probability (huge success/favorable Probability (modest sucess/favorabl Probability (break even/favorable rev Probability (losers/favorable review) B. What proportion of textbooka receives favorable reviews Probability of favorable reviews 4.37 Probability (A rating/issued by city) 1. 1. Complete the following problems from the text book. Note: use Excel whenever po thread is available for you to ask questions and to assist your peers with their question a. Chapter 4: 4.36, 4.37, and 4.59. b. Chapter 5: 5.25, 5.27, and 5.28. 2. Save your work and submit via Submit Assignments. All work MUST be shown on the appropriate worksheet; Link each appropriate box to the answer. Remember that your full work must be contained on the appropriate work The editor of a textbook publishing company is trying to decided whether to publish a proposed business statis textbook. Information on previous textbooks indicates that 10% are huge success, 20% are modest success, 40 even, and 30% are losers. However, before a publishing decision is made, the book will be reviewed. In the p the huge successes received favorable reviews, 70% of the moderate successes recevied favorable reviews, 40% break even books received favorable reviews, and 20% of the losers received favorable reviews. a. If the proposed text receives a favorable review, how should the editor revise the probabilities of the various outcomes to take this information into account? A municipal bond service has three rating categories (A,B, and C). Suppose that in the past year, of the munic issued throughout the United States, 70% were rated A, 20% were raterd B and 10% were rated C. Of the mun bonds rated A, 50% were issued by cities, 40% by suburbs, and 10% by rural areas. Of the municipal bonds ra were issued by cities, 20% by suburbs, and 20% by rural areas. Of the municipal bonds rated C, 90% were iss cities, 5% by suburbs, and 5% by rural areas. a. If a new municipal bond is to be issued by a city, what is the probability that it will receive an A rating?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
B. What proportion of muncipal bonds is issued by cities? Probability (issued by cities) c. What proportion of muncipal bonds is issued by suburbs? Probability (issued by suburbs) 4.59 a. For each of these tables, compute all of the marginal probabilities. GENDER
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/01/2010 for the course STATS ADM515 taught by Professor Jeff during the Spring '10 term at Indiana Wesleyan.

Page1 / 19

mcoxw3a3 - Workshop 3 Individual Review Questions 1. 1....

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online