Student Solutions Manual for Basic Business Statistics
Student Solutions Manual for Basic Business Statistics
13th Edition
ISBN: 9780321926708
Author: David M. Levine; Mark L. Berenson; Timothy C. Krehbiel; Kathryn A. Szabat; David F. Stephan
Publisher: Pearson Education
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Chapter 11, Problem 26PS

How different are the rates of return of money market ac-counts and certificates of deposit that vary in their term length? The data in MMCDRate. contain the money market, 1-year CD, two-year CD, and five-year CD rates for banks in a suburban area (data extracted from “Consumer Money Rates,� Newsday, June 13, 2013, p. A47).

a. At the 0.05 level of significance. determine whether there is evidence of a difference in the mean rates for these investments.

b. What assumptions are necessary to perform this test?

c. If appropriate, use the Tukey procedure to determine which investments differ. Use  α  = 0 .05 .

d. Was there a significant block effect in their mean rates in this experiment? Explain.

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14 A survey is conducted to determine whether would prefer to work at home, if given the 20 office employees of a certain company chance. The overall results are shown in the first bar graph, and the results broken down by gender are presented in the second. a. Interpret the results of each graph. b. Discuss the added value in including gen- der in the second bar graph. (The second bar graph in this problem is called a side by side bar graph and is often used to show results broken down by two or more variables.) c. Compare the side by side bar graph with the two pie charts that you made for Question 6. Which of the two methods is best for comparing two groups, in your opinion? A Would you prefer to work at home? (n=20) 60 50 40 Percent 20 30 20 30 10 0 No Yes Prefer to work at home? (10 males, 10 females) 80 Percent 60 00 40 40 20- No Yes No Yes Female Male
Frequency 12 Suppose that a random sample of 270 gradu- ating seniors are asked what their immediate priorities are, including whether buying a house is a priority. The results are shown in the following bar graph. a. The bar graph is misleading; explain why. b. Make a new bar graph that more fairly presents the results. Is Buying a House a Priority? 300 250 200 150 100 50 0 Yes No Undecided
Frequency 11 A polling organization wants to find out what voters think of Issue X. It chooses a random sample of voters and asks them for their opinions of Issue X: yes, no, or no opinion. I organize the results in the following bar graph. a. Make a frequency table of these results (including the total number). brocb. Evaluate the bar graph as to whether it biz s b fairly represents the results. of beau no STORE TO OW! vd wob spind 550 540 500 vd 480 420 360 300 250 240 Yes No Undecided Opinion on Issue X

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Student Solutions Manual for Basic Business Statistics

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