BASIC BUSINESS STATISTICS-STUD.SOLN.MAN
14th Edition
ISBN: 9780134685045
Author: BERENSON
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 12, Problem 4PS
Use the following
a. Compare the expected frequency for each cell.
b. Compute
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Customers experiencing technical difficulty with their Internet cable service may call an 800 number for technical support. It takes the technician between 30 seconds and 11 minutes to resolve the problem. The distribution of this support time follows the uniform distribution.
Required:
a. What are the values for a and b in minutes?
Note: Do not round your intermediate calculations. Round your answers to 1 decimal place.
b-1. What is the mean time to resolve the problem?
b-2. What is the standard deviation of the time?
c. What percent of the problems take more than 5 minutes to resolve?
d. Suppose we wish to find the middle 50% of the problem-solving times. What are the end points of these two times?
Exercise 6-6 (Algo) (LO6-3)
The director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall semester on the basis of past experience.
Admissions
Probability
1,100
0.5
1,400
0.4
1,300
0.1
Click here for the Excel Data File
Required:
What is the expected number of admissions for the fall semester?
Compute the variance and the standard deviation of the number of admissions.
Note: Round your standard deviation to 2 decimal places.
1. Find the mean of the x-values (x-bar)
and the mean of the y-values (y-bar) and write/label each here:
2. Label the second row in the table using proper notation; then, complete the table. In the fifth and sixth
columns, show the 'products' of what you're multiplying, as well as the answers.
X
y
x minus x-bar y minus y-bar (x minus x-bar)(y minus y-bar)
(x minus x-bar)^2
xy
16
20
34
4-2
5 2
3. Write the sums that represents Sxx and Sxy in the table, at the bottom of their respective columns.
4. Find the slope of the Regression line: bi
=
(simplify your answer)
5. Find the y-intercept of the Regression line, and then write the equation of the Regression line.
Show your work. Then, BOX your final answer. Express your line as "y-hat equals...
Chapter 12 Solutions
BASIC BUSINESS STATISTICS-STUD.SOLN.MAN
Ch. 12 - Determine the critical value of 2 with 1 degree of...Ch. 12 - Determine the critical value of 2 with 1 degree of...Ch. 12 - Use the following contingency table: a. Compute...Ch. 12 - Use the following contingency table: a. Compare...Ch. 12 - An lpsos poll asked 1,004 adults “If purchasing...Ch. 12 - Prob. 6PSCh. 12 - Prob. 7PSCh. 12 - The Society for Human Resource Management (SHRM)...Ch. 12 - What Social media tools do marketers commonly use?...Ch. 12 - Docs co-browsing have positive effects on the...
Ch. 12 - Consider a contingency table, with two rows and...Ch. 12 - Use the following contingency table: a. Compute...Ch. 12 - Use the following contingency table: a. Compute...Ch. 12 - How common are financial cost or contractual...Ch. 12 - Business sensor technology provides a way for...Ch. 12 - Prob. 16PSCh. 12 - Repeat (a) and (b) of Problem 12.16, assuming that...Ch. 12 - Prob. 18PSCh. 12 - The MSCI 2016 Survey of Women of Boards Survey...Ch. 12 - Prob. 20PSCh. 12 - Prob. 21PSCh. 12 - Prob. 22PSCh. 12 - A Gallup survey across generations of workers...Ch. 12 - How often do Facebook users post? A study by the...Ch. 12 - What makes sales leaders tick? Mercuri...Ch. 12 - PwC takes a closer look at what CEOs are looking...Ch. 12 - Using Table E.6, determine the lower-and...Ch. 12 - Using Table E.6, determine the lower-tail critical...Ch. 12 - Prob. 29PSCh. 12 - Prob. 30PSCh. 12 - Prob. 31PSCh. 12 - Prob. 32PSCh. 12 - From Problem 12.32 , at the 0.05 level of...Ch. 12 - In Problems 12.32 and 12.33, what is your...Ch. 12 - A vice president for marketing recruits 20 college...Ch. 12 - Prob. 36PSCh. 12 - Is there a difference in the satisfaction rating...Ch. 12 - The management of a hotel has the business...Ch. 12 - Prob. 39PSCh. 12 - Brand valuations are critical to CEOs, financial...Ch. 12 - A bank with a branch located in a commercial...Ch. 12 - Prob. 42PSCh. 12 - Prob. 43PSCh. 12 - Prob. 44PSCh. 12 - A pet food company has the business objective of...Ch. 12 - A hospital conducted a study of the waiting time...Ch. 12 - Prob. 47PSCh. 12 - An advertising agency has been hired by a...Ch. 12 - Prob. 49PSCh. 12 - The more costly and time consuming it is to export...Ch. 12 - Prob. 51PSCh. 12 - Prob. 52PSCh. 12 - Prob. 53PSCh. 12 - Prob. 54PSCh. 12 - Prob. 55PSCh. 12 - Prob. 56PSCh. 12 - Prob. 57PSCh. 12 - Prob. 58PSCh. 12 - Prob. 59PS
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Apply STATA commands & submit the output for each question only when indicated below i. Generate the log of birthweight and family income of children. Name these new variables Ibwght & Ifaminc. Include the output of this code. ii. Apply the command sum with the detail option to the variable faminc. Note: you should find the 25th percentile value, the 50th percentile and the 75th percentile value of faminc from the output - you will need it to answer the next question Include the output of this code. iii. iv. Use the output from part ii of this question to Generate a variable called "high_faminc" that takes a value 1 if faminc is less than or equal to the 25th percentile, it takes the value 2 if faminc is greater than 25th percentile but less than or equal to the 50th percentile, it takes the value 3 if faminc is greater than 50th percentile but less than or equal to the 75th percentile, it takes the value 4 if faminc is greater than the 75th percentile. Include the outcome of this code…arrow_forwardsolve this on paperarrow_forwardApply STATA commands & submit the output for each question only when indicated below i. Apply the command egen to create a variable called "wyd" which is the rowtotal function on variables bwght & faminc. ii. Apply the list command for the first 10 observations to show that the code in part i worked. Include the outcome of this code iii. Apply the egen command to create a new variable called "bwghtsum" using the sum function on variable bwght by the variable high_faminc (Note: need to apply the bysort' statement) iv. Apply the "by high_faminc" statement to find the V. descriptive statistics of bwght and bwghtsum Include the output of this code. Why is there a difference between the standard deviations of bwght and bwghtsum from part iv of this question?arrow_forward
- According to a health information website, the distribution of adults’ diastolic blood pressure (in millimeters of mercury, mmHg) can be modeled by a normal distribution with mean 70 mmHg and standard deviation 20 mmHg. b. Above what diastolic pressure would classify someone in the highest 1% of blood pressures? Show all calculations used.arrow_forwardWrite STATA codes which will generate the outcomes in the questions & submit the output for each question only when indicated below i. ii. iii. iv. V. Write a code which will allow STATA to go to your favorite folder to access your files. Load the birthweight1.dta dataset from your favorite folder and save it under a different filename to protect data integrity. Call the new dataset babywt.dta (make sure to use the replace option). Verify that it contains 2,998 observations and 8 variables. Include the output of this code. Are there missing observations for variable(s) for the variables called bwght, faminc, cigs? How would you know? (You may use more than one code to show your answer(s)) Include the output of your code (s). Write the definitions of these variables: bwght, faminc, male, white, motheduc,cigs; which of these variables are categorical? [Hint: use the labels of the variables & the browse command] Who is this dataset about? Who can use this dataset to answer what kind of…arrow_forwardApply STATA commands & submit the output for each question only when indicated below İ. ii. iii. iv. V. Apply the command summarize on variables bwght and faminc. What is the average birthweight of babies and family income of the respondents? Include the output of this code. Apply the tab command on the variable called male. How many of the babies and what share of babies are male? Include the output of this code. Find the summary statistics (i.e. use the sum command) of the variables bwght and faminc if the babies are white. Include the output of this code. Find the summary statistics (i.e. use the sum command) of the variables bwght and faminc if the babies are male but not white. Include the output of this code. Using your answers to previous subparts of this question: What is the difference between the average birthweight of a baby who is male and a baby who is male but not white? What can you say anything about the difference in family income of the babies that are male and male…arrow_forward
- A public health researcher is studying the impacts of nudge marketing techniques on shoppers vegetablesarrow_forwardThe director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall semester on the basis of past experience. Admissions Probability 1,100 0.5 1,400 0.4 1,300 0.1 Click here for the Excel Data File Required: What is the expected number of admissions for the fall semester? Compute the variance and the standard deviation of the number of admissions. Note: Round your standard deviation to 2 decimal places.arrow_forwardA pollster randomly selected four of 10 available people. Required: How many different groups of 4 are possible? What is the probability that a person is a member of a group? Note: Round your answer to 3 decimal places.arrow_forward
- Wind Mountain is an archaeological study area located in southwestern New Mexico. Potsherds are broken pieces of prehistoric Native American clay vessels. One type of painted ceramic vessel is called Mimbres classic black-on-white. At three different sites the number of such sherds was counted in local dwelling excavations. Test given. Site I Site II Site III 63 19 60 43 34 21 23 49 51 48 11 15 16 46 26 20 31 Find .arrow_forwardRothamsted Experimental Station (England) has studied wheat production since 1852. Each year many small plots of equal size but different soil/fertilizer conditions are planted with wheat. At the end of the growing season, the yield (in pounds) of the wheat on the plot is measured. Suppose for a random sample of years, one plot gave the following annual wheat production (in pounds): 4.46 4.21 4.40 4.81 2.81 2.90 4.93 3.54 4.16 4.48 3.26 4.74 4.97 4.02 4.91 2.59 Use a calculator to verify that the sample variance for this plot is . Another random sample of years for a second plot gave the following annual wheat production (in pounds): 3.89 3.81 3.95 4.07 4.01 3.73 4.02 3.78 3.72 3.96 3.62 3.76 4.02 3.73 3.94 4.03 Use a calculator to verify that the sample variance for this plot is . Suppose that we test the claim using that the population variance of annual wheat production for the first plot is larger…arrow_forwardIt is thought that prehistoric Native Americans did not take their best tools, pottery, and household items when they visited higher elevations for their summer camps. It is hypothesized that archaeological sites tend to lose their cultural identity and specific cultural affiliation as the elevation of the site increases. Let x be the elevation (in thousands of feet) for an archaeological site in the southwestern United States. Let y be the percentage of unidentified artifacts (no specific cultural affiliation) at a given elevation. Suppose that the following data were obtained for a collection of archaeological sites in New Mexico: x 5.50 6.00 6.75 7.00 7.75 y 37 38 92 70 99 Find the equation of the least squares line . Round a and b to three decimal places.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781337278461
Author:Ron Larson
Publisher:Cengage Learning
Introduction to experimental design and analysis of variance (ANOVA); Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=vSFo1MwLoxU;License: Standard YouTube License, CC-BY