Introduction to Business Statistics
7th Edition
ISBN: 9781111792374
Author: WEIERS
Publisher: Cengage Learning
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Chapter 11.3, Problem 11.22E
A tire company is considering switching to a new type of adhesive designed to improve tire reliability in high-temperature and overload conditions. In laboratory “torture” tests with temperatures and loads 90% higher than the maximum normally encountered in the field, 15 tires constructed with the new adhesive run an average of 65 miles before failure, with a standard deviation of 14 miles. For 18 tires constructed with the conventional adhesive, the
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Students have asked these similar questions
ged the variance for group 1) Different groups
of male stalk-eyed flies were raised on different diets: a high nutrient corn diet vs. a
low nutrient cotton wool diet. Investigators wanted to see if diet quality influenced
eye-stalk length. They obtained the following data:
d
Diet
Sample Mean Eye-stalk Length
Variance in Eye-stalk
d
size, n
(mm)
Length (mm²)
Corn (group 1)
21
2.05
0.0558
Cotton (group 2)
24
1.54
0.0812
=205-1.54-05T
a) Construct a 95% confidence interval for the difference in mean eye-stalk length
between the two diets (e.g., use group 1 - group 2).
An article in Business Week discussed the large spread between the federal funds rate and the average credit card rate. The table below is a frequency distribution of
the credit card rate charged by the top 100 issuers.
Credit Card Rates
Credit Card Rate
Frequency
18% -23%
19
17% -17.9%
16
16% -16.9%
31
15% -15.9%
26
14% -14.9%
Copy Data
8
Step 1 of 2: Calculate the average credit card rate charged by the top 100 issuers based on the frequency distribution. Round your answer to two decimal places.
Please could you check my answers
Chapter 11 Solutions
Introduction to Business Statistics
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