Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Chapter 11, Problem 16PS
a.
To determine
Determine the value of
b.
To determine
Determine the values of
c.
To determine
Determine the value of
d.
To determine
Determine the value of
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Students have asked these similar questions
I just need to know why this is wrong below:
What is the test statistic W? W=5 (incorrect)
and
What is the p-value of this test? (p-value < 0.001-- incorrect)
Use the Wilcoxon signed rank test to test the hypothesis that the median number of pages in the statistics books in the library from which the sample was taken is 400. A sample of 12 statistics books have the following numbers of pages
pages
127
217
486
132
397
297
396
327
292
256
358
272
What is the sum of the negative ranks (W-)? 75 What is the sum of the positive ranks (W+)? 5What type of test is this? two tailedWhat is the test statistic W? 5 These are the critical values for a 1-tailed Wilcoxon Signed Rank test for n=12
Alpha Level
0.001
0.005
0.01
0.025
0.05
0.1
0.2
Critical Value
75
70
68
64
60
56
50
What is the p-value for this test? p-value < 0.001
ons
12. A sociologist hypothesizes that the crime rate is higher in areas
with higher poverty rate and lower median income. She col-
lects data on the crime rate (crimes per 100,000 residents),
the poverty rate (in %), and the median income (in $1,000s)
from 41 New England cities. A portion of the regression results
is shown in the following table.
Standard
Coefficients
error
t stat
p-value
Intercept
-301.62
549.71
-0.55 0.5864
Poverty
53.16
14.22
3.74 0.0006
Income
4.95
8.26
0.60 0.5526
a.
b.
Are the signs as expected on the slope coefficients?
Predict the crime rate in an area with a poverty rate of
20% and a median income of $50,000.
3. Using data from 50 work
2. The owner of several used-car dealerships believes that the
selling price of a used car can best be predicted using the car's
age. He uses data on the recent selling price (in $) and age of
20 used sedans to estimate Price = Po + B₁Age + ε. A portion
of the regression results is shown in the accompanying table.
Standard
Coefficients
Intercept
21187.94
Error
733.42
t Stat p-value
28.89 1.56E-16
Age
-1208.25
128.95 -9.37
2.41E-08
a. What is the estimate for B₁? Interpret this value.
b. What is the sample regression equation?
C. Predict the selling price of a 5-year-old sedan.
Chapter 11 Solutions
Basic Business Statistics, Student Value Edition
Ch. 11 - An experiment has a single factor with five groups...Ch. 11 - You are working with the same experiment as in...Ch. 11 - You are working with the same experiment as in...Ch. 11 - Consider an experiment with three groups, with...Ch. 11 - Prob. 5PSCh. 11 - You are working the same experiment as in Problem...Ch. 11 - One of the steps involved in the processing of...Ch. 11 - The more costly and time-consuming it is to export...Ch. 11 - A hospital conducted a study of the waiting time...Ch. 11 - A manufacturer of pens has hired an advertising...
Ch. 11 - Prob. 11PSCh. 11 - Brand valuations are critical to CEOs, financial...Ch. 11 - A pet food company has a business objective of...Ch. 11 - A transportation strategist wanted to compare the...Ch. 11 - Consider a two-factor factorial design with three...Ch. 11 - Prob. 16PSCh. 11 - Prob. 17PSCh. 11 - Prob. 18PSCh. 11 - Given a two-way ANOVA with two levels for factor A...Ch. 11 - Given a two-factor factorial experiment and the...Ch. 11 - Given the results from Problem 11.20, a. at the...Ch. 11 - An experiment was conducted to study the extrusion...Ch. 11 - Prob. 23PSCh. 11 - Prob. 24PSCh. 11 - A glass manufacturing company wanted to...Ch. 11 - Prob. 26PSCh. 11 - Prob. 27PSCh. 11 - Prob. 28PSCh. 11 - Prob. 29PSCh. 11 - Prob. 30PSCh. 11 - Prob. 31PSCh. 11 - Prob. 32PSCh. 11 - Prob. 33PSCh. 11 - Prob. 34PSCh. 11 - Prob. 35PSCh. 11 - Prob. 36PSCh. 11 - Prob. 37PSCh. 11 - Prob. 38PSCh. 11 - Suppose that, when setting up the experiment in...Ch. 11 - A hotel wanted to develop a new system for...Ch. 11 - Refer to the room service experiment in Problem...Ch. 11 - Prob. 42PS
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