Introduction to Statistics and Data Analysis
5th Edition
ISBN: 9781305115347
Author: Roxy Peck; Chris Olsen; Jay L. Devore
Publisher: Brooks Cole
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Chapter 10.1, Problem 7E
To determine
State the hypotheses to test.
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A sample of 20 financial analysts was asked to provide forecasts of earnings per share of a corporation for next year. The results are summarized in the following table:Forecast ($ per share) Number of Analysts$9.95 to under $10.45 2$10.45 to under $10.95 8$10.95 to under $11.45 6$11.45 to under $11.95 3$11.95 to under $12.45 1a. Estimate the sample mean forecast.b. Estimate the sample standard deviation.
Borrowing money may be necessary for business expansion. However, too much borrowed money can also mean trouble. Are developing countries tending to borrow more? A random sample of 20 developing countries gave the following information regarding foreign debt per capita (in U.S. dollars, inflation adjusted). (Reference: Handbook of International Economic Statistics, U.S. Government Documents.)
Country
1
2
3
4
5
6
7
8
9
10
Modern Debt per Capita
175
152
125
124
95
83
34
29
21
89
Historic Debt per Capita
147
134
86
113
58
62
33
36
49
72
Country
11
12
13
14
15
16
17
18
19
20
Modern Debt per Capita
23
28
18
29
197
189
144
124
102
71
Historic Debt per Capita
24
12
12
29
106
156
145
119
118
76
Does this information indicate that foreign debt per capita is increasing in developing countries? Use a 0.01 level of significance.
(a) What is the level of significance?
Compute the sample test statistic.
Find the P-value of the sample test statistic.
Borrowing money may be necessary for business expansion. However, too much borrowed money can also mean trouble. Are developing countries tending to borrow more? A random sample of 20 developing countries gave the following information regarding foreign debt per capita (in U.S. dollars, inflation adjusted). (Reference: Handbook of International Economic Statistics, U.S. Government Documents.)
Country
1
2
3
4
5
6
7
8
9
10
Modern Debt per Capita
171
151
122
124
97
84
32
24
28
81
Historic Debt per Capita
146
135
84
111
52
67
34
31
46
76
Country
11
12
13
14
15
16
17
18
19
20
Modern Debt per Capita
26
24
18
25
191
183
146
129
102
79
Historic Debt per Capita
25
13
14
29
103
153
149
115
116
72
Does this information indicate that foreign debt per capita is increasing in developing countries? Use a 0.01 level of significance.
(a) What is the level of significance?
(b) Compute the sample test statistic. (Round your answer to two decimal places.)
(c) Find the P-value…
Chapter 10 Solutions
Introduction to Statistics and Data Analysis
Ch. 10.1 - Explain why the statement x=50 is not a legitimate...Ch. 10.1 - For the following pairs, indicate which do not...Ch. 10.1 - To determine whether the pipe welds in a nuclear...Ch. 10.1 - Prob. 4ECh. 10.1 - Prob. 5ECh. 10.1 - Prob. 6ECh. 10.1 - Prob. 7ECh. 10.1 - A researcher speculates that because of...Ch. 10.1 - A county commissioner must vote on a resolution...Ch. 10.1 - A cruise ship charges passengers 3 for a can of...
Ch. 10.1 - Prob. 11ECh. 10.2 - Prob. 12ECh. 10.2 - Prob. 13ECh. 10.2 - Medical personnel are required to report suspected...Ch. 10.2 - Prob. 15ECh. 10.2 - A television manufacturer claims that (at least)...Ch. 10.2 - A manufacturer of hand-held calculators receives...Ch. 10.2 - Water specimens are taken from water used for...Ch. 10.2 - Suppose that for a particular hypothesis test, the...Ch. 10.2 - Suppose that you arc an inspector for the Fish and...Ch. 10.2 - Prob. 21ECh. 10.2 - An automobile manufacturer is considering using...Ch. 10.3 - Use the definition of the P-value to explain the...Ch. 10.3 - For which of the following P-values will the null...Ch. 10.3 - Prob. 25ECh. 10.3 - Let p denote the proportion of students at a...Ch. 10.3 - Assuming a random sample from a large population,...Ch. 10.3 - Prob. 28ECh. 10.3 - In a survey of 1000 women age 22 to 35 who work...Ch. 10.3 - The paper Debt Literacy, Financial Experiences and...Ch. 10.3 - "Most Like it Hot" is the title of a press release...Ch. 10.3 - In a survey of 1005 adult Americans, 46% indicated...Ch. 10.3 - Prob. 33ECh. 10.3 - Prob. 34ECh. 10.3 - Prob. 35ECh. 10.3 - Prob. 36ECh. 10.3 - Prob. 37ECh. 10.3 - The article Cops Get Screened for Digital Dirt...Ch. 10.3 - Refer back to the previous exercise. The actual...Ch. 10.3 - The report 2007 Electronic Monitoring ...Ch. 10.3 - Prob. 41ECh. 10.4 - Prob. 42ECh. 10.4 - Give as much information as you can about the...Ch. 10.4 - Paint used to paint lines on roads must reflect...Ch. 10.4 - A certain pen has been designed so that actual...Ch. 10.4 - Prob. 46ECh. 10.4 - The paper Playing Active Video Games Increases...Ch. 10.4 - Prob. 48ECh. 10.4 - Prob. 49ECh. 10.4 - Prob. 50ECh. 10.4 - Prob. 51ECh. 10.4 - Medical research has shown that repeated wrist...Ch. 10.4 - Prob. 53ECh. 10.4 - A comprehensive study conducted by the National...Ch. 10.4 - Prob. 55ECh. 10.4 - The paper titled Music for Pain Relief (The...Ch. 10.4 - Many consumers pay careful attention to stated...Ch. 10.4 - Much concern has been expressed regarding the...Ch. 10.5 - The power of a test is influenced by the sample...Ch. 10.5 - Prob. 60ECh. 10.5 - Let denote the mean lifetime (in hours) for a...Ch. 10.5 - The city council in a large city has become...Ch. 10.5 - The amount of shaft wear after a fixed mileage was...Ch. 10.5 - Optical fibers are used in telecommunications to...Ch. 10.5 - Prob. 65ECh. 10.6 - In 2006, Boston Scientific sought approval for a...Ch. 10.6 - The article Boy or Girl: Which Gender Baby Would...Ch. 10 - Prob. 68CRCh. 10 - In a national survey of 2013 adults, 1590...Ch. 10 - Students at the Akademia Podlaka conducted an...Ch. 10 - Prob. 71CRCh. 10 - Prob. 72CRCh. 10 - A number of initiatives on the topic of legalized...Ch. 10 - Prob. 74CRCh. 10 - Prob. 75CRCh. 10 - Prob. 76CRCh. 10 - Prob. 77CRCh. 10 - Duck hunting in populated areas faces opposition...Ch. 10 - Past experience has indicated that the response...Ch. 10 - An automobile manufacturer who wishes to advertise...Ch. 10 - A student organization uses the proceeds from a...Ch. 10 - A hot tub manufacturer advertises that with its...Ch. 10 - Prob. 1CRECh. 10 - Prob. 2CRECh. 10 - Prob. 3CRECh. 10 - Prob. 4CRECh. 10 - Prob. 5CRECh. 10 - The article Should Canada Allow Direct-to-Consumer...Ch. 10 - Prob. 7CRECh. 10 - It probably wouldnt surprise you to know that...Ch. 10 - The article Doctors Cite Burnout in Mistakes (San...Ch. 10 - The National Geographic Society conducted a study...Ch. 10 - Heinz Plays Catch-up After Under-Filling Ketchup...Ch. 10 - In a survey conducted by Yahoo Small Business,...Ch. 10 - In an AP-AOL sports poll (Associated Press,...Ch. 10 - Prob. 14CRECh. 10 - A survey of teenagers and parents in Canada...Ch. 10 - The same survey referenced in the previous...
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