BANA 2372

A financial manager made two new investments—one in the oil industry and one in municipal bonds. After a one-year period, each of the investments will be classified as either successful or unsuccessful. Consider making the two new investments as an experiment with the following four experimental outcomes. a. How many sample points exist for this experiment? 4 b. Choose a tree diagram. D c. Let O = the event that the oil industry investment is successful and M = the event that municipal b...

Chapter 4, Numerical Descriptive Techniques Solutions to Practice Problems 4.2. Mean: 5+7+0+3+15+6+5+9+3+8+10+5+2+0+12 15 = 90 15 = 6 Median: Ordering values from smallest to largest: 0, 0, 2, 3, 3, 5, 5, 5, 6, 7, 8, 9, 10, 12, 15 Median is the middle number. Median is 5. Mode is the most frequent observation. Mode is 5. 4.4. a. Mean = 19+29+33+36+38+42+45+52+60 9 = 39.33 Median = 38 The mode is all values, because all values occur with the same frequency. b. The average amount of ...