![Student Solutions Manual for Basic Business Statistics](https://www.bartleby.com/isbn_cover_images/9780321926708/9780321926708_largeCoverImage.gif)
A manufacturer of pens has hired an advertising agency to develop an advertising campaign for the upcoming holiday season. To prepare for this project, the research director decides to initiate a study of the effect of advertising on product perception. An experiment is designed to compare five different advertisements. Advertisement A greatly undersells the pen’s characteristics B slightly undersells the pen’s characteristics. Advertisement C oversells the pen’s characteristics. Advertisement D greatly oversells the pen’s characteristics. Advertisement E attempts to correctly state the pen’s characteristics). A sample of 30 adults respondents, taken from a larger focus group, is randomly assigned to the five advertisements (so that there are 6 respondents to each advertisement). After reading the advertisement and developing a sense of “product expectation,� all respondents unknowingly receive the same pen to evaluate. The respondents are permitted to test the pen and plausibility of the advertising copy. The respondents are then asked to rate the pen from 1 to 17 (lowest to highest) on the product characteristic scales of appearance, durability, and writing advertising copy. The responders are than asked to rate the pen from 16.7 (lowest to highest) on the product characteristic scales of appearance, durability, and writing performance. The combined score of three ratings (appearance, durability and writing performance) for the 30 respondents, stored in Pen, are as follows:
a. At the 0.05 level of significance, Is there evidence of a difference in the
b. If appropriate, determines which advertisements differ ratings.
c. At the 0.05 level of significance, Is there evidence of a difference in the variation in rating among the five advertisements?
d. Which advertisement
![Check Mark](/static/check-mark.png)
Want to see the full answer?
Check out a sample textbook solution![Blurred answer](/static/blurred-answer.jpg)
Chapter 11 Solutions
Student Solutions Manual for Basic Business Statistics
- You want to make a salad from whatever vegetable you have in the fridge. You have seven different tomatoes. There are 2 red tomatoes, 4 yellow tomatoes, and one black tomato in the fridge. You have three different bell peppers. There is 1 red pepper, 1 yellow pepper, and 1 green pepper. What is the probability of randomly choosing a vegetable and getting a red tomato, and a green pepper? Round your answer to four decimal places.arrow_forwarduppose automobile insurance companies gave annual premiums for top-rated companies in several states. The figure below shows box plots for the annual premium for urban customers in three states. Which state offers the lowest premium? Which state offers the highest premium?arrow_forwardWing Foot is a shoe franchise commonly found in shopping centers across the United States. Wing Foot knows that its stores will not show a profit unless they gross over $940,000 per year. Let A be the event that a new Wing Foot store grosses over $940,000 its first year. Let B be the event that a store grosses over $940,000 its second year. Wing Foot has an administrative policy of closing a new store if it does not show a profit in either of the first two years. Assume that the accounting office at Wing Foot provided the following information: 58% of all Wing Foot stores show a profit the first year; 72% of all Wing Foot store show a profit the second year (this includes stores that did not show a profit the first year); however, 86% of Wing Foot stores that showed a profit the first year also showed a profit the second year. Compute P(B|Ac). Round your answer to the nearest hundredth.arrow_forward
- You draw two cards from a standard deck of 52 cards, but before you draw the second card, you put the first one back and reshuffle the deck. If you get a3on the first card, find the probability of drawing a 3 for the second card.arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the coefficient of variation for each fund. Round your answers to the nearest tenth. x: 14 0 37 21 35 23 24 -14 -14 -17 y: 8 -2 29 17 22 17 17 -2 -3 -8arrow_forwardWhat percentage of the general U.S. population have bachelor's degrees? Suppose that the Statistical Abstract of the United States, 120th Edition, gives the following percentage of bachelor’s degrees by state. For convenience, the data are sorted in increasing order. 17 18 18 18 19 20 20 20 21 21 21 21 21 22 22 22 22 22 23 23 24 24 24 24 24 25 25 25 25 26 26 26 26 26 26 27 27 27 28 28 28 29 29 31 31 32 32 34 35 38 Illinois has a bachelor's degree percentage rate of about 18%. Into what quartile does this rate fall?arrow_forward
- What percentage of the general U.S. population have bachelor's degrees? Suppose that the Statistical Abstract of the United States, 120th Edition, gives the following percentage of bachelor’s degrees by state. For convenience, the data are sorted in increasing order. 17 18 18 18 19 20 20 20 21 21 21 21 21 22 22 22 22 22 23 23 24 24 24 24 24 25 25 25 25 26 26 26 26 26 26 27 27 27 28 28 28 29 29 31 31 32 32 34 35 38 Illinois has a bachelor's degree percentage rate of about 18%. Into what quartile does this rate fall?arrow_forwardFind the range for the following sample data. x 23 17 11 30 27arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the sample mean for x and for y. Round your answer to the nearest tenth. x: 11 0 36 22 34 24 25 -11 -11 -22 y: 9 -3 28 14 23 16 14 -3 -4 -9arrow_forward
- Do bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the range for variable y. X 12 0 36 21 35 23 24 -12 -12 -21 Y 10 -2 26 15 22 18 15 -2 -3 -10arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the range for variable y. X 12 0 36 21 35 23 24 -12 -12 -21 Y 10 -2 26 15 22 18 15 -2 -3 -10arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the range for variable x. X 15 0 37 23 33 25 26 -15 -15 -23 Y 6 -1 28 18 24 17 18 -1 -2 -6arrow_forward
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
![Text book image](https://www.bartleby.com/isbn_cover_images/9781680331141/9781680331141_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)