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Behavioral Finance Economics 437 – Spring 2010 Professor Burton. 14,000. 10,600. 8,000. 6,400. October 2007 January 2010.
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Behavioral FinanceEconomics 437 – Spring 2010Professor Burton 14,000 10,600 8,000 6,400 October 2007 January 2010 February 23, 2010
[The mean IQ in the city of 8th graders is 100. You have selected a random sample 50 8th graders in the city and the first child tested has an IQ of 150. What do you think the mean is for your sample of 50?] • [100] • [101] • [110] • [120] February 16, 2009
[All families of six children in a city were surveyed. In 72 families the exact order of births of boys and girls were GBGBBG. Estimate the number of families where the exact order of birth was BGBBBB] • [65] • [72] • [79] February 16, 2009
[There are two programs in a high school. Boys are a majority (65%) in program A and a minority (45%) in program B. There is an equal number of classes in each of the two programs. You enter a class at random and observe that 55% of the students are boys. Is this more likely program A or program B] • [Program A] • [Program B] February 16, 2009
[In each round of a game, 20 marbles are distributed at random among five children: Adam, Ben Carl, Dan and Ed. Which is more likely Type I or Type II?] • [Type I] • [Type II] Type I Alan 4 Ben 4 Carl 5 Dan 4 Ed 3 Type II Alan 4 Ben 4 Carl 4 Dan 4 Ed 4 February 16, 2009
[Imagine that one in every thousand athletes use steroids. Imagine also that the test for steroids has a 5 % false positive rate. If a particular athlete tested positive for steroids what is the probability that that athlete was a steroid user] • [0.001] • [0.020] • [0.65] • [0.95] February 16, 2009
[Mr. Crane and Mr. Tees arrive ½ hour late for a flight. Mr Crane is told that his flight left on time. Mr. Tees is told that his flight was delayed 25 minutes and left five minutes ago. Who was more upset?] • [Mr. Crane] • [Mr. Tees] • [No Difference] February 16, 2009
The End February 23, 2010