Instruction
Assignment 1
The owner of a restaurant serving Continental-style entrees was interested in studying ordering patterns of patrons for the Friday-to-Sunday weekend time period. Records were maintained that indicated the demand for dessert during the same time period. The owner decided to study two other variables, along with whether a dessert was ordered, the gender of the individual and whether a beef entree was ordered. The results are as follows:
Gender
Dessert Ordered Male Female Total
Yes 96 40 136
No 224 240 464
Total 320 280 600
Beef Entree
Dessert Ordered Yes No Total
Yes 71 65 136
No 116 348 464
Total 187 413 600
A waiter approaches a table to take an order for dessert. What is the probability that the first customer at the table...
a. orders a desser
b. orders a dessert or has ordered a beef entree?
c. is a female and does not order a dessert?
d. is a female or does not order a dessert?
e. Suppose the first person from the whom the waiter takes the dessert order is a female. What is the probability that she does not order dessert?
f. Are gender and ordering dessert independent?
g. Is ordering a beef entree independent of whether the person orders dessert?
h. Is there anything that you would do to increase the odds of a patron ordering dessert?
Assignment 2
Discrete and Continuous
The daily changes in the closing price of stock follow a random walk. That is, these daily events are independent of each other and move upward or downward in a random matter and can be approximated by a normal distribution. Let's test this theory.
Use either a newspaper, or the Internet to select one company traded on the NYSE. Record the daily closing stock price of your company for the six past consecutive weeks (so that you have 30 values). Decide whether the your 2 data sets are normally distributed by creating a histogram or a boxplot. Please attach your histogram or boxplot as a Word document in your post. Please do NOT answer the discussion in your attachment; answer on the discussion board.
Discuss your results. What can you say about the stock with respect to daily closing prices and daily changes in closing prices. Which, if any, of the data sets are approximately normally distributed?
Write 50+ words for the initial response for this one.