Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Textbook Question
Chapter 10.2, Problem 14E
Are nursing salaries in Tampa, Florida, lower than those in Dallas, Texas? As reported by the Tampa Tribune, salary data show staff nurses in Tampa earn less than staff nurses in Dallas. Suppose that in a follow-up study of 40 staff nurses in Tampa and 50 staff nurses in Dallas you obtain the following results.
| Tampa | Dallas |
| n1 = 40 | n2 = 50 |
|
|
|
| s1 = $6000 | s2 = $7000 |
- a. Formulate hypothesis so that, if the null hypothesis is rejected, we can conclude that salaries for staff nurses in Tampa are significantly lower than for those in Dallas. Use α = .05.
- b. What is the value of the test statistic?
- c. What is the p-value?
- d. What is your conclusion?
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Question 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]
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).
Let 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.
Chapter 10 Solutions
Statistics for Business & Economics, Revised (MindTap Course List)
Ch. 10.1 - The following results come from two independent...Ch. 10.1 - Consider the following hypothesis test....Ch. 10.1 - Consider the following hypothesis test....Ch. 10.1 - Cond Nast Traveler conducts an annual survey in...Ch. 10.1 - The USA Today reports that the average expenditure...Ch. 10.1 - Suppose that you are responsible for making...Ch. 10.1 - Consumer Reports uses a survey of readers to...Ch. 10.1 - Will improving customer service result in higher...Ch. 10.2 - The following results are for independent random...Ch. 10.2 - Consider the following hypothesis test....
Ch. 10.2 - Consider the following data for two independent...Ch. 10.2 - The U.S. Department of Transportation provides the...Ch. 10.2 - The average annual cost (including tuition, room,...Ch. 10.2 - Are nursing salaries in Tampa, Florida, lower than...Ch. 10.2 - Commercial real estate prices and rental rates...Ch. 10.2 - The College Board provided comparisons of...Ch. 10.2 - Periodically, Merrill Lynch customers are asked to...Ch. 10.2 - Researchers at Purdue University and Wichita State...Ch. 10.3 - Consider the following hypothesis test. H0:d0Ha:d0...Ch. 10.3 - The following data are from matched samples taken...Ch. 10.3 - A market research firm used a sample of...Ch. 10.3 - The price per share of stock for a sample of 25...Ch. 10.3 - Bank of Americas Consumer Spending Survey...Ch. 10.3 - The Global Business Travel Association reported...Ch. 10.3 - The College Board SAT college entrance exam...Ch. 10.3 - Scores in the first and fourth (final) rounds for...Ch. 10.3 - A manufacturer produces both a deluxe and a...Ch. 10.4 - Consider the following results for independent...Ch. 10.4 - Consider the hypothesis test H0:p1p20Ha:p1p20 The...Ch. 10.4 - A Businessweek/Harris survey asked senior...Ch. 10.4 - The Professional Golf Association (PGA) measured...Ch. 10.4 - An American Automobile Association (AAA) study...Ch. 10.4 - Chicago OHare and Atlanta Hartsfield-Jackson are...Ch. 10.4 - Businessweek reported that there seems to be a...Ch. 10.4 - In a test of the quality of two television...Ch. 10.4 - Winter visitors are extremely important to the...Ch. 10.4 - The Adecco Workplace Insights Survey sampled men...Ch. 10 - Safegate Foods, Inc., is redesigning the checkout...Ch. 10 - Home values tend to increase over time under...Ch. 10 - Mutual funds are classified as load or no-load...Ch. 10 - The National Association of Home Builders provided...Ch. 10 - Prob. 42SECh. 10 - Country Financial, a financial services company,...Ch. 10 - A large automobile insurance company selected...Ch. 10 - Medical tests were conducted to learn about...Ch. 10 - Vacation occupancy rates were expected to be up...Ch. 10 - Prob. 47SECh. 10 - One of the researchers voiced concern about the...
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