Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
6th Edition
ISBN: 9781337589383
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 11.1, Problem 12E

Vehicle Ownership by Fortune Magazine Subscribers. A Fortune study found that the variance in the number of vehicles owned or leased by subscribers to Fortune magazine is .94. Assume a sample of 12 subscribers to another magazine provided the following data on the number of vehicles owned or leased: 2, 1, 2, 0, 3, 2, 2, 1, 2, 1, 0, and 1.

  1. a. Compute the sample variance in the number of vehicles owned or leased by the 12 subscribers.
  2. b. Test the hypothesis H0: σ2 = .94 to determine whether the variance in the number of vehicles owned or leased by subscribers of the other magazine differs from σ2 = .94 for Fortune. At a .05 level of significance, what is your conclusion?
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Chapter 11 Solutions

Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card

Ch. 11.1 - 1. Find the following chi-square distribution...Ch. 11.1 - 2. A sample of 20 items provides a sample standard...Ch. 11.1 - A sample of 16 items provides a sample standard...Ch. 11.1 - 4. The variance in drug weights is critical in the...Ch. 11.1 - John Calipari, head basketball coach for the 2012...Ch. 11.1 - The Wall Street Journal reported that Americans...Ch. 11.1 - Volatility of General Electric Stock. To analyze...Ch. 11.1 - Consider a day when the Dow Jones Industrial...Ch. 11.1 - Aerospace Part Manufacturing. The competitive...Ch. 11.1 - Costco Customer Satisfaction. Consumer Reports...
Ch. 11.1 - Variability in GMAT Scores. In 2016, the Graduate...Ch. 11.1 - Vehicle Ownership by Fortune Magazine Subscribers....Ch. 11.2 - 13. Find the following F distribution values from...Ch. 11.2 - Prob. 14ECh. 11.2 - Prob. 15ECh. 11.2 - Prob. 16ECh. 11.2 - Repair Costs as Automobiles Age. In its 2016 Auto...Ch. 11.2 - Prob. 18ECh. 11.2 - Bag-Filling Machines at Jelly Belly. The variance...Ch. 11.2 - Prob. 20ECh. 11.2 - Many smartphones, especially those of the...Ch. 11.2 - Prob. 22ECh. 11 - 23. Because of staffing decisions, managers of the...Ch. 11 - Prob. 24SECh. 11 - Business Travel Costs. According to the 2017...Ch. 11 - Manufacture of Ball Bearings. Ball bearing...Ch. 11 - The filling variance for boxes of cereal is...Ch. 11 - City Trucking, Inc., claims consistent delivery...Ch. 11 - Daily Patient Volume at Dental Clinic. A sample of...Ch. 11 - Prob. 30SECh. 11 - Golf Scores. Is there any difference in the...Ch. 11 - Grade Point Average Comparison. The grade point...Ch. 11 - Prob. 33SECh. 11 - Two new assembly methods are tested and the...Ch. 11 - An Air Force introductory course in electronics...Ch. 11 - Meticulous Drill & Reamer (MD&R) specializes in...
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