BASIC BUSINESS STATISTICS
14th Edition
ISBN: 9780135285923
Author: MARK BERENSON
Publisher: PEARSON
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Chapter 10, Problem 15PS
Repeat Problem 10.14 (a), assuming that the population variances from developed and emerging countries are not equal. Compare these results with those of Problem 10.14 (a).
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For unemployed persons in the United States, the average number of months of unemployment at the end of December 2009 was approximately seven months (Bureau of Labor Statistics, January 2010). Suppose the following data are for a particular region in upstate New York. The values in the first column show the number of
months unemployed and the values in the second column show the corresponding number of unemployed persons.
Months
Unemployed
Number
Unemployed
1
1029
2
1686
3
2269
4
2675
5
3487
6
4652
7
4145
8
3587
9
2325
10
1120
Let x be a random variable indicating the number of months a person is unemployed.
a. Use the data to develop an empirical discrete probability distribution for x (to 4 decimals).
(x)
f(x)
1
2
3
4
5
6
7
8
9
10
b. Show that your probability distribution satisfies the conditions for a valid discrete probability distribution.
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
blank
c. What is the probability that a…
West Virginia has one of the highest divorce rates in the nation, with an annual rate of approximately 5 divorces per 1000 people (Centers for Disease Control and Prevention website, January 12, 2012). The Marital Counseling Center, Inc. (MCC) thinks that the high divorce rate in the state may require them to hire additional staff.
Working with a consultant, the management of MCC has developed the following probability distribution for x = the number of new clients for marriage counseling for the next year.
Excel File: data05-19.xls
x
10
f(x)
.05
20
30
.10
.10
40
.20
50
60
.35
.20
a. Is this probability distribution valid?
- Select your answer-
Explain.
f(x)
Σf(x)
Select your answer
Select your answer
b. What is the probability MCC will obtain more than 30 new clients (to 2 decimals)?
c. What is the probability MCC will obtain fewer than 20 new clients (to 2 decimals)?
d. Compute the expected value and variance of x.
Expected value
Variance
clients per year
squared clients per year
For unemployed persons in the United States, the average number of months of unemployment at the end of December 2009 was approximately seven months (Bureau of Labor Statistics, January 2010). Suppose the following data are for a particular region in upstate New York. The values in the first column show the number of
months unemployed and the values in the second column show the corresponding number of unemployed persons.
Months
Unemployed
Number
Unemployed
1
1029
2
1686
3
2269
4
2675
5
3487
6
4652
7
4145
8
3587
9
2325
10
1120
Let x be a random variable indicating the number of months a person is unemployed.
a. Use the data to develop an empirical discrete probability distribution for x (to 4 decimals).
(x)
f(x)
1
2
3
4
5
6
7
8
9
10
b. Show that your probability distribution satisfies the conditions for a valid discrete probability distribution.
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. What is the probability that a person…
Chapter 10 Solutions
BASIC BUSINESS STATISTICS
Ch. 10 - If you have samples of n1=12andn2=15, in...Ch. 10 - Assume that you have a sample of n1=8, with the...Ch. 10 - What assumptions about the two populations are...Ch. 10 - Referring to Problem 10.2, construct a 95...Ch. 10 - Prob. 5PSCh. 10 - Referring to Problem 10.2, if n1=5andn2=4, at the...Ch. 10 - When people make estimates, they are influenced by...Ch. 10 - A recent study found that 51 children who watched...Ch. 10 - Is there a difference in the satisfaction rating...Ch. 10 - Accounting Today Identified the top accounting...
Ch. 10 - The annual NFL Super Bowl is the most widely...Ch. 10 - A bank with a branch located in a commercial...Ch. 10 - Repeat Problem 10.12 (a), assuming that the...Ch. 10 - As a member of the international strategic...Ch. 10 - Repeat Problem 10.14 (a), assuming that the...Ch. 10 - Prob. 16PSCh. 10 - Brand valuations are critical to CEOs, financial...Ch. 10 - Prob. 18PSCh. 10 - Prob. 19PSCh. 10 - Nine experts rated two brands of coffee in...Ch. 10 - How do the rating of TV and Internet services...Ch. 10 - Prob. 22PSCh. 10 - How do the fares for airlines that directly...Ch. 10 - Multiple myeloma, or blood plasma cancer, is...Ch. 10 - Prob. 25PSCh. 10 - The file Concrete1 contains the compressive...Ch. 10 - Prob. 27PSCh. 10 - Prob. 28PSCh. 10 - An online survey asked 1,004 adults “if...Ch. 10 - Does Cable Video-on Demand VODD4+ increase ad...Ch. 10 - Are you an impulse shopper? A survey of 500...Ch. 10 - The Society for Human Resource Management (SHRM)...Ch. 10 - What social media tools do marketers commonly use?...Ch. 10 - Prob. 34PSCh. 10 - Prob. 35PSCh. 10 - Prob. 36PSCh. 10 - Prob. 37PSCh. 10 - Prob. 38PSCh. 10 - The following information is available is for two...Ch. 10 - In Problem 10.39, how many degrees of freedom are...Ch. 10 - In problem 10.38 and 10.39, what is the upper-tail...Ch. 10 - In Problem 10.39, what is your statistical...Ch. 10 - The following information is available for two...Ch. 10 - Prob. 44PSCh. 10 - Prob. 45PSCh. 10 - Prob. 46PSCh. 10 - A bank with a branch located in a commercial...Ch. 10 - The annual NFL Super Bowl is the most widely...Ch. 10 - Prob. 49PSCh. 10 - Prob. 50PSCh. 10 - Prob. 51PSCh. 10 - Prob. 52PSCh. 10 - Prob. 53PSCh. 10 - What is the distinction between two independent...Ch. 10 - Prob. 55PSCh. 10 - Prob. 56PSCh. 10 - Prob. 57PSCh. 10 - The American Society for Quality (ASQ) conducted a...Ch. 10 - How do private universities and public colleges...Ch. 10 - Do males and females differ in the amount of time...Ch. 10 - The file Restaurants contains the rating for food,...Ch. 10 - A Computer information systems professor is...Ch. 10 - Do social shoppers differ other online consumers...Ch. 10 - Prob. 64PSCh. 10 - Prob. 65PSCh. 10 - Prob. 66PSCh. 10 - Prob. 67PSCh. 10 - Prob. 68PSCh. 10 - Prob. 69PSCh. 10 - Referring to the results of Problems 10.67 and...
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- In Gallup's Annual Consumption Habits Poll, telephone interviews were conducted for a random sample of 1014 adults aged 18 and over. One of the questions was "How many cups of coffee, if any, do you drink on an average day?" The following table shows the results obtained (Gallup website, August 6, 2012). Excel File: data05-23.xls Number of Cups per Day Number of Responses 0 365 264 193 3 4 or more 91 101 Define a random variable x = number of cups of coffee consumed on an average day. Let x = 4 represent four or more cups. Round your answers to four decimal places. a. Develop a probability distribution for x. x 0 1 2 3 4 f(x) b. Compute the expected value of x. cups of coffee c. Compute the variance of x. cups of coffee squared d. Suppose we are only interested in adults that drink at least one cup of coffee on an average day. For this group, let y = the number of cups of coffee consumed on an average day. Compute the expected value of y. Compare it to the expected value of x. The…arrow_forwardIn Gallup's Annual Consumption Habits Poll, telephone interviews were conducted for a random sample of 1014 adults aged 18 and over. One of the questions was "How many cups of coffee, if any, do you drink on an average day?" The following table shows the results obtained (Gallup website, August 6, 2012). Excel File: data05-23.xls Number of Cups per Day Number of Responses 0 365 264 193 2 3 4 or more 91 101 Define a random variable x = number of cups of coffee consumed on an average day. Let x = 4 represent four or more cups. Round your answers to four decimal places. a. Develop a probability distribution for x. x 0 1 2 3 f(x) b. Compute the expected value of x. cups of coffee c. Compute the variance of x. cups of coffee squared d. Suppose we are only interested in adults that drink at least one cup of coffee on an average day. For this group, let y = the number of cups of coffee consumed on an average day. Compute the expected value of y. Compare it to the expected value of x. The…arrow_forwardA technician services mailing machines at companies in the Phoenix area. Depending on the type of malfunction, the service call can take 1, 2, 3, or 4 hours. The different types of malfunctions occur at about the same frequency. Develop a probability distribution for the duration of a service call. Duration of Call x f(x) 1 2 3 4 Which of the following probability distribution graphs accurately represents the data set? Consider the required conditions for a discrete probability function, shown below.Does this probability distribution satisfy equation (5.1)?Does this probability distribution satisfy equation (5.2)? What is the probability a service call will take three hours? A service call has just come in, but the type of malfunction is unknown. It is 3:00 P.M. and service technicians usually get off at 5:00 P.M. What is the probability the service technician will have to work overtime to fix the machine today?arrow_forward
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