10 There is some evidence that, in the years 1981 – 85, a simple name change resulted in a short-term increase in the price of certain business firms' stocks (relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective," Marketing Science v.6, pp. 320 - 35, 1987.) Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.79%, with a standard deviation of 0.16%. Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following statements about the distribution of relative increases in stock price for all companies that changed names during the past five years. (a) According to Chebyshev's theorem, at least (Choose one) v of the relative increases in stock price lie between 0.47% and 1.11%. (b) According to Chebyshev's theorem, at least 84% of the relative increases in stock price lie between % and %. (Round your answer to 2 decimal places.)
10 There is some evidence that, in the years 1981 – 85, a simple name change resulted in a short-term increase in the price of certain business firms' stocks (relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective," Marketing Science v.6, pp. 320 - 35, 1987.) Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.79%, with a standard deviation of 0.16%. Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following statements about the distribution of relative increases in stock price for all companies that changed names during the past five years. (a) According to Chebyshev's theorem, at least (Choose one) v of the relative increases in stock price lie between 0.47% and 1.11%. (b) According to Chebyshev's theorem, at least 84% of the relative increases in stock price lie between % and %. (Round your answer to 2 decimal places.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 67E
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There is some evidence that, in the years 1981 – 85, a simple name change resulted in a short-term increase in the price of certain business firms' stocks
(relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective,"
Marketing Science v.6, pp. 320 - 35, 1987.)
Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of
corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.79%, with a standard deviation of 0.16%.
Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following
statements about the distribution of relative increases in stock price for all companies that changed names during the past five years.
(a) According to Chebyshev's theorem, at least (Choose one) v of the
relative increases in stock price lie between 0,47% and 1.11%.
(b) According to Chebyshev's theorem, at least 84% of the relative
increases in stock price lie between % and %. (Round your
answer to 2 decimal places.)
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