What values of high and low would lead to the value

Assignment Help Finance Basics
Reference no: EM131728631

Question: Use the Cash 5 dataset on the companion website for this exercise, with data from 1560 games of Pennsylvania's Cash 5 lottery game described in Section 9.10. The variables High and Low give the highest and lowest numbers picked in each game.

a. For each game, find R = High 2 Low, the range between the highest and lowest numbers. Draw a histogram of R, and describe the shape of this histogram.

b. Find the mean for each of the variables R, High and Low. Verify that the mean for R equals the difference between the means for High and Low.

c. What is the maximum possible value of the range R in the Cash 5 game? What values of High and Low would lead to this value?

d. Tally how often each value of R occurred in the 1560 games given in the dataset. How often did the maximum possible value of R occur?

Reference no: EM131728631

Questions Cloud

Describe the key challenges to effective implementation : Provide a list of compensable factors for a point-based method and the factor weights you would suggest if using that method.
How large will the random sample have to be : The administration of a large university wants to take a random sample to measure student opinion of a new food service on campus.
What does mean for value to go to labor and customers : What does it mean for value to go to labor, customers, and/or investors? What would (or does) that "look like" in each case?
Strategic choice positioning : Using the example of Ryanair from class, where would you place the company in terms of their strategic choice positioning, using the Efficiency Frontier:
What values of high and low would lead to the value : What is the maximum possible value of the range R in the Cash 5 game? What values of High and Low would lead to this value?
How to do foreign market entry : Some of the best practices in terms of how to do foreign market entry, also discussed with the 3M example from class, include all of the following, except:
Define population proportion based on sample proportion : Each day, Maria gets dozens of e-mail messages. She keeps track of what proportion of the messages are spam or other junk and what proportion are interesting.
Penal codes and regulatory statutes in criminal law : Explain the role of penal codes and regulatory statutes in criminal law
What pressures are businesses facing in modern society : What pressures are businesses facing in modern society that tends to require more transparency in their business dealings?

Reviews

Write a Review

Finance Basics Questions & Answers

  Aspects related to future financial needs

Carl is considering investing in annuities as part of his retirement strategy. Explain two (2) aspects related to his future financial needs as a retiree.

  Determine the weighted average cost of capital

1. Determine the cost of each capital component. 2. Determine the weighted average cost of capital (WACC) for LEI.

  Review about emerging market regimes

High capital mobility is forcing emerging market nations to choose between free-floating regimes and currency board or dollarization regimes.

  Value current company stock price

Firm T wants to get Firm C C has $20 M shares outstanding target capital structure 30% debt 70% equity C debt with interest rate 8% risk free interest @ 2% market premiu 8% tell me rate of return equity use r s = r RF + RP m ( b ) weigh avg cost of c..

  Use a formal strategic planning process

How do you explain the success of firms which do not use a formal strategic planning process?

  Calculate roi and eva

ELN Waste Management has a subsidiary that disposes of hazardous waste and a subsidiary that receives and disposes of residential garbage.

  Declare an integer and prompt the user for a value

A. Create a class named Numbers who’s Main () method holds two integer variables. Assign values to the variables. Within the class, create two methods, Sum () and Difference (), that compute the sum of and difference between the values of the two var..

  Create a pro forma cash flow budget for the organization

write a paper in no more than 1400 words that includes the following itemsanalyze ongkorsquos alternatives and make a

  Training program to address a workplace issue

Creating a Training Program to Address a Workplace Issue (Equal Opportunity -TOPIC) ex. lowes bringing in service dogs for veterans.

  What accounting principle is being followed by monsanto

Monsanto's 2008 annual report stated that the company's liabilities for environmental remediation and litigation contingencies are $262 million as of 8/31/09 ($272 million as of 8/31/08).

  What considerations might limit the extent

What considerations might limit the extent to which the theory of comparative advantage is realistic?

  Invest on new business idea

Your best friend is inviting you to invest on his new business idea. He argues that he can beat whatever return you are getting from your pension fund.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd