EBK STATISTICS FOR BUSINESS AND ECONOMI
13th Edition
ISBN: 8220103633567
Author: Sincich
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 10.2, Problem 10.10ACB
Offshoring companies. “Offshoring” is a term that describes a company’s practice of relocating jobs and/or production to another country to reduce labor costs. The Journal of Applied Business Research (January/February 2011) published a study on the phenomenon of offshoring and how prevalent it is worldwide. The article included the results from a recent survey of CEOs at U.S. firms, where each CEO was asked about his or her firm’s position on offshoring. A summary of the results (similar to the actual study) is shown in the accompanying table.
| Firm’s Position | Number of Firms |
| Currently offshoring | 126 |
| Not currently offshoring, but plan to do so in the future | 72 |
| Offshored in the past, but no more | 30 |
| Offshoring not applicable | 372 |
| Total | 600 |
- a. Identify the qualitative variable of interest (and its levels) for this study.
- b. Are the proportions of U.S. firms in the four offshoring position categories significantly different? Conduct the appropriate chi-square test using α = .05.
- c. Construct a 95% confidence interval for the proportion of U.S. firms who are currently offshoring. Interpret the result.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
You assume that the annual incomes for certain workers are normal with a mean of $28,500 and a standard deviation of $2,400.
What’s the chance that a randomly selected employee makes more than $30,000?What’s the chance that 36 randomly selected employees make more than $30,000, on average?
What’s the chance that a fair coin comes up heads more than 60 times when you toss it 100 times?
Suppose that you have a normal population of quiz scores with mean 40 and standard deviation 10.
Select a random sample of 40. What’s the chance that the mean of the quiz scores won’t exceed 45?Select one individual from the population. What’s the chance that his/her quiz score won’t exceed 45?
Chapter 10 Solutions
EBK STATISTICS FOR BUSINESS AND ECONOMI
Ch. 10.2 - Find the rejection region for a one-dimensional 2...Ch. 10.2 - What are the characteristics of a multinomial...Ch. 10.2 - What conditions must n satisfy to make the 2 test...Ch. 10.2 - A multinomial experiment with k = 3 cells and n =...Ch. 10.2 - Prob. 10.5LMCh. 10.2 - Cable TV subscriptions and cord cutters. Refer to...Ch. 10.2 - Do social robots walk or roll? Refer to the...Ch. 10.2 - Rankings of MBA programs. Business Ethics (Fall...Ch. 10.2 - Museum management. Refer to the Museum Management...Ch. 10.2 - Offshoring companies. Offshoring is a term that...
Ch. 10.2 - Prob. 10.11ACICh. 10.2 - Prob. 10.12ACICh. 10.2 - Mobile device typing strategies. Text messaging on...Ch. 10.2 - Prob. 10.14ACICh. 10.2 - Coupon user study. A hot topic in marketing...Ch. 10.2 - Cell phone user survey. If you subscribe to a cell...Ch. 10.2 - Overloading in the trucking industry. Although...Ch. 10.2 - Political representation of religious groups. Do...Ch. 10.3 - Find the rejection region for a test of...Ch. 10.3 - Consider the 2 3 (i e., r = 2 and = 3)...Ch. 10.3 - Refer to Exercise 10.20. a. Convert the frequency...Ch. 10.3 - Test the null hypothesis of independence of the...Ch. 10.3 - Refer to Exercise 10.22. a. Convert the responses...Ch. 10.3 - Safety of hybrid cars. According to the Highway...Ch. 10.3 - Purchasing souvenirs. A major tourist activity is...Ch. 10.3 - Prob. 10.26ACBCh. 10.3 - Are travel professionals equitably paid? Business...Ch. 10.3 - Eyewitnesses and mugshots. Refer to the Applied...Ch. 10.3 - Package design influences taste. Can the package...Ch. 10.3 - Job satisfaction of women in construction. The...Ch. 10.3 - Offshoring companies. Refer to The Journal of...Ch. 10.3 - Prob. 10.32ACICh. 10.3 - Prob. 10.33ACICh. 10.3 - Prob. 10.34ACICh. 10.3 - Prob. 10.35ACICh. 10.3 - Prob. 10.36ACICh. 10.3 - Prob. 10.37ACICh. 10.3 - Coupon user study. Refer to the study of a...Ch. 10.3 - Examining the Monty Hall Dilemma. In Exercise...Ch. 10 - A random sample of 250 observations was classified...Ch. 10 - Prob. 10.41LMCh. 10 - Made in the USA survey. Refer to the Journal of...Ch. 10 - Prob. 10.43ACBCh. 10 - Survey on giving and volunteering (continued)....Ch. 10 - Stereotyping in deceptive and authentic news...Ch. 10 - Prob. 10.46ACBCh. 10 - Prob. 10.47ACICh. 10 - Pig farm study. An article in Sociological Methods...Ch. 10 - Management system failures. Refer to the Process...Ch. 10 - History of corporate acquisitions. Refer to the...Ch. 10 - Creating menus to influence others. Refer to the...Ch. 10 - Prob. 10.52ACICh. 10 - Prob. 10.53ACICh. 10 - Prob. 10.54ACICh. 10 - Flight lesponse of geese to helicopter traffic....Ch. 10 - Prob. 10.56ACACh. 10 - Goodness-of-fit test. A statistics analysis is to...Ch. 10 - Prob. 10.58CTCCh. 10 - A television station has hired an independent...Ch. 10 - Suppose the television station believes that a...Ch. 10 - Generalize the situations in Exercises 1 and 2 to...Ch. 10 - In this Activity, you will revisit Activity 3.1,...Ch. 10 - Prob. 10.2.2ACh. 10 - Perform a x2 test for independence for the example...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Similar questions
- Suppose that you take a sample of 100 from a population that contains 45 percent Democrats. What sample size condition do you need to check here (if any)?What’s the standard error of ^P?Compare the standard errors of ^p n=100 for ,n=1000 , n=10,000, and comment.arrow_forwardSuppose that a class’s test scores have a mean of 80 and standard deviation of 5. You choose 25 students from the class. What’s the chance that the group’s average test score is more than 82?arrow_forwardSuppose that you collect data on 10 products and check their weights. The average should be 10 ounces, but your sample mean is 9 ounces with standard deviation 2 ounces. Find the standard score.What percentile is the standard score found in part a of this question closest to?Suppose that the mean really is 10 ounces. Do you find these results unusual? Use probabilities to explain.arrow_forward
- Suppose that you want to sample expensive computer chips, but you can have only n=3 of them. Should you continue the experiment?arrow_forwardSuppose that studies claim that 40 percent of cellphone owners use their phones in the car while driving. What’s the chance that more than 425 out of a random sample of 1,000 cellphone owners say they use their phones while driving?arrow_forwardSuppose that the average length of stay in Europe for American tourists is 17 days, with standard deviation 4.5. You choose a random sample of 16 American tourists. The sample of 16 stay an average of 18.5 days or more. What’s the chance of that happening?arrow_forward
- How do you recognize that a statistical problem requires you to use the CLT? Think of one or two clues you can look for. (Assume quantitative data.)arrow_forwardSuppose that you take a sample of 100 from a skewed population with mean 50 and standard deviation 15. What sample size condition do you need to check here (if any)?What’s the shape and center of the sampling distribution for ?What’s the standard error?arrow_forwardQuestion 3 The following stem-and-leaf displays the weekly salary of employees at this firm. Stem-and-Leaf Display Leaf Unit = 10.0 N=x 5 3 00123 12 4 0125888 (y) 5 11234456777 z 6 13568 5 7 154 2 8 46 i. Determine the value of x, y and z. [3] ii. What is the value of the median? [2] iii. Find the mode of this data set. iv. Calculate the range [1] [2]arrow_forward
- Let Y be a continuous RV with PDF otherwise Find the CDF, Fry), of Y . Find an expression for pth, p € (0, 1), quantile of the distribution. Find E(Y) and V(Y). Find E(-2Y + 1) and V(-3Y - 2). Find E(Y3).arrow_forwardLet X be a continuous RV with CDF Find P(X < 0), P(-1 < X < 1) and P(0.5 < X). Based on your answers to the above questions, what is the median of the distribu-tion? Why Find the PDF, fx (x), of X.arrow_forwardA survey of 581 citizens found that 313 of them favor a new bill introduced by the city. We want to find a 95% confidence interval for the true proportion of the population who favor the bill. What is the lower limit of the interval? Enter the result as a decimal rounded to 3 decimal digits. Your Answer:arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License