Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 29PS
A hotel management company runs 10 hotels in a resort area. The hotels have a mix of pricing–some hotels have budget–priced rooms, some have moderate–priced rooms and some have deluxe–priced rooms. Data are collected that indicate the number of rooms that are occupied at each hotel on each day of month. Explain how the 10 hotels can be recoded into these three price categories.
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The higher education department of Holmes Institute recorded data on the number of students enrolled in the different study majors for the years 2018 and 2019. The data are stored in file STUDYMAJOR.xls.
Use an appropriate graphical technique or chart to compare the number of enrolments in 2018 and 2019 of the different study majors. Display the chart.
Use an appropriate graphical technique or chart to display the percentage value of the number of enrolments of the different study major in 2018 and 2019. Display the chart.
Study Major
2018
2019
Statistics
1700
2250
Business Law
700
900
Accounting
1300
1450
Economics
750
1000
Finance
1450
1758
Marketing Management
1069
1189
Auditing
360
351
The last Harry Potter book went on sale at 12:01 a.m. on July 21, 2007. The publisher Scholastic reported the next day that it broke all records,
... selling an unprecedented 8.3 million copies of Harry Potter and the Deathly Hallows in its first 24 hours on sale.
In Harry Potter’s wizard world, currency is measured in galleons, sickles and knuts, where 1 galleon = 17 sickles, 1 sickle = 29 knuts.
Scholastic Books, the publisher of the Harry Potter series in the United States, has issued paperback copies of books that (they claim) Harry Potter used at Hogwarts. The price is listed as $5.99 US (14 Sickles 3 Knuts).
(a) Use this information to figure out the number of dollars per galleon.
(b) The list price of the hardback version of Harry Potter and the Deathly Hallows was $34.99. Convert this price to galleons.
Chapter 1 Solutions
Basic Business Statistics, Student Value Edition
Ch. 1 - Four different beverages are sold at a fast-food...Ch. 1 - U. S. businesses are listed by size small medium,...Ch. 1 - The time it takes to download a video from the...Ch. 1 - For each of the following variables, determine...Ch. 1 - The following information is collected from...Ch. 1 - For each of the following variables, determine...Ch. 1 - For each of the following variables, determine...Ch. 1 - Suppose the following information is collected...Ch. 1 - One of the variables most often included in...Ch. 1 - If two students score a 90 on the same...
Ch. 1 - The director of market research at a large...Ch. 1 - The American Community Survey (www.census.gov/acs)...Ch. 1 - Visit the website of the Pew Research organization...Ch. 1 - Transportation engineers and planners want to...Ch. 1 - Visit the home page of the Statistics Portal...Ch. 1 - For a population containing N=902 individual, what...Ch. 1 - For a population of N=902, verify that by starting...Ch. 1 - Given a population of N=93, starting in row 29,...Ch. 1 - For a study that consists of personal interviews...Ch. 1 - You want to select a random sample of n=1 from a...Ch. 1 - A population has four members (called A, B, C, and...Ch. 1 - The registrar of a university with a population of...Ch. 1 - Prenumbered sales invoices are kept in a sales...Ch. 1 - Suppose that 10,000 customers in a retailer s...Ch. 1 - The cellphone brands owned by a sample of 20...Ch. 1 - The amount of monthly data usage by a sample of 10...Ch. 1 - An amusement park company owns three hotels on an...Ch. 1 - A hotel management company runs 10 hotels in a...Ch. 1 - A Survey indicates that the vast majority of...Ch. 1 - A simple random sample of n=300 full–time...Ch. 1 - Results of a 2017 Computer Service, Inc (CSI)...Ch. 1 - A recent PWC survey of 1,379 CEO s from a wide...Ch. 1 - A recent survey points to tremendous revenue...Ch. 1 - What is the difference between a sample and a...Ch. 1 - What is the difference between a statistic and...Ch. 1 - What is the difference between a categorical...Ch. 1 - What is the difference between a discrete...Ch. 1 - What is the difference between a nominal scaled...Ch. 1 - What is difference between an interval scaled...Ch. 1 - What is the difference between probability...Ch. 1 - What is difference between a missing value and an...Ch. 1 - What is the difference between unstack and stacked...Ch. 1 - What is the difference between coverage error and...Ch. 1 - What is the difference between sampling error and...Ch. 1 - Visit the official website for Microsoft Excel,...Ch. 1 - Results of a 2017 Computer Services, Inc (CSI)...Ch. 1 - The Gallup organization releases the results of...Ch. 1 - A recent PwC survey of 1,379 CEOs from a wide...Ch. 1 - The American community Survey (www.census.gov/acs)...Ch. 1 - Download and examine Zarca interactive’s Sample...Ch. 1 - Three professors examined awareness of four widely...Ch. 1 - Social media provides an enormous amount of data...
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