
Introductory Statistics
1st Edition
ISBN: 9781938168208
Author: Barbara Illowsky, Susan Dean
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 12, Problem 53P
Outliers
Use the following information to answer the next four exercises. The
studying and exam scores. The line shown is the calculated line of best fit. The
Figure 12.30
What effect did the potential outlier have on the line of best fit?
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
If the average price of a new one family home is $246,300 with a standard deviation of $15,000 find the minimum and maximum prices of the houses that a contractor will build to satisfy 88% of the market value
21. ANALYSIS OF LAST DIGITS Heights of statistics students were obtained by the author as
part of an experiment conducted for class. The last digits of those heights are listed below.
Construct a frequency distribution with 10 classes. Based on the distribution, do the
heights appear to be reported or actually measured? Does there appear to be a gap in the
frequencies and, if so, how might that gap be explained? What do you know about the
accuracy of the results?
3 4
555
0 0 0 0 0 0 0 0 0 1 1 23 3
5 5 5 5 5 5 5 5 5 5 5 5 6 6 8 8 8 9
A side view of a recycling bin lid is diagramed below where two panels come together at a right angle.
45 in
24 in
Width? —
Given this information, how wide is the recycling bin in inches?
Chapter 12 Solutions
Introductory Statistics
Ch. 12 - Is the following an example of a linear equation?...Ch. 12 - Is the following an example of a linear equation?...Ch. 12 - Emma’s Extreme Sports hires hang-gliding...Ch. 12 - Ethan repairs household appliances like...Ch. 12 - Amelia plays basketball for her high school. She...Ch. 12 - SCUBA divers have maximum dive times they cannot...Ch. 12 - For a given line of best fit, you computed that r...Ch. 12 - For a given line of best fit, you compute that r =...Ch. 12 - For a given line of best fit, you compute that r =...Ch. 12 - For a given line of best fit, you compute that r =...
Ch. 12 - Data are collected on the relationship between the...Ch. 12 - Identify the potential outlier in the scatter...Ch. 12 - The data points for the graph from the third...Ch. 12 - The following table shows economic development...Ch. 12 - Linear Equations Use the following information to...Ch. 12 - Linear Equations Use the following information to...Ch. 12 - Linear Equations Use the following information to...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Is the equation y=10+5x3x2 linear? Why or why not?Ch. 12 - Which of the following equations are linear? a....Ch. 12 - Does the graph show a linear equation? Why or why...Ch. 12 - Use the columns "year" and "# flu cases diagnosed....Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Does the scatter plot appear linear? Strong or...Ch. 12 - Does the scatter plot appear linear? Strong or...Ch. 12 - Does the scatter plot appear linear? Strong or...Ch. 12 - The Regression Equation Use the following...Ch. 12 - The Regression Equation Use the following...Ch. 12 - The Regression Equation Use the following...Ch. 12 - The Regression Equation Use the following...Ch. 12 - The Regression Equation Use the following...Ch. 12 - What does an r value of zero mean?Ch. 12 - When n = 2 and r = 1, are the data significant?...Ch. 12 - When n = 100 and r = -0.89, is there a significant...Ch. 12 - When testing the significance of the correlation...Ch. 12 - When testing the significance of the correlation...Ch. 12 - If the level of significance is 0.05 and the...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - Graph “year” versus “# flu cases diagnosed” (plot...Ch. 12 - Perform linear regression. What is the linear...Ch. 12 - Find the correlation coefficient. a. r = ________Ch. 12 - Solve. a. When x = 1985, y = _____ b. When x =...Ch. 12 - Does the line seem to fit the data? Why or why...Ch. 12 - What does the correlation imply about the...Ch. 12 - Plot the two given points on the following graph....Ch. 12 - Write the equation: y= ____________Ch. 12 - Hand draw a smooth curve on the graph that shows...Ch. 12 - Does the line seem to fit the data? Why or why...Ch. 12 - Do you think a linear fit is best? Why or why not?Ch. 12 - What does the correlation imply about the...Ch. 12 - Graph “year” vs. “# flu cases diagnosed.” Do not...Ch. 12 - Enter your data into your calculator or computer....Ch. 12 - Find the correlation coefficient. a. correlation =...Ch. 12 - Outliers Use the following information to answer...Ch. 12 - Outliers Use the following information to answer...Ch. 12 - Outliers Use the following information to answer...Ch. 12 - Outliers Use the following information to answer...Ch. 12 - The Sum of Squared Errors for a data set of 18...Ch. 12 - The Standard Deviation for the Sum of Squared...Ch. 12 - For each of the following situations, state the...Ch. 12 - Piece-rate systems are widely debated incentive...Ch. 12 - The Gross Domestic Product Purchasing Power Parity...Ch. 12 - The following table shows the poverty rates and...Ch. 12 - Does the higher cost of tuition translate into...Ch. 12 - If the level of significance is 0.05 and the...Ch. 12 - If there are 15 data points in a set of data, what...Ch. 12 - What is the process through which we can calculate...Ch. 12 - Explain what it means when a correlation has an r2...Ch. 12 - Can a coefficient of determination be negative?...Ch. 12 - Recently, the annual number of driver deaths per...Ch. 12 - Table 12.20 shows the life expectancy for an...Ch. 12 - The maximum discount value of the Entertainment®...Ch. 12 - Table 12.22 gives the gold medal times for every...Ch. 12 - State # letters in name Year entered the Union...Ch. 12 - The height (sidewalk to roof) of notable tall...Ch. 12 - Ornithologists, scientists who study birds, tag...Ch. 12 - The following table shows data on average per...Ch. 12 - The following table consists of one student...Ch. 12 - A researcher is investigating whether population...Ch. 12 - School Mid-Career Salary (in thousands) Yearly...Ch. 12 - The average number of people in a family that...Ch. 12 - The percent of female wage and salary workers who...Ch. 12 - Use the following information to answer the next...Ch. 12 - Use the following information to answer the next...Ch. 12 - According to a flyer by a Prudential Insurance...Ch. 12 - The following are advertised sale prices of color...Ch. 12 - Table 12.34 shows the average heights for American...Ch. 12 - State # letters in name Year entered the Union...
Additional Math Textbook Solutions
Find more solutions based on key concepts
Seat Designs. In Exercises 13–20, use the data in the table below for sitting adult males and females (based on...
Elementary Statistics (13th Edition)
In Exercises 1-14, evaluate the iterated integral.
7.
University Calculus: Early Transcendentals (4th Edition)
Balloons A spherical balloon is inflated and its volume increases at a rate of 15 in3/min. What is the rate of ...
Calculus: Early Transcendentals (2nd Edition)
TRY IT YOURSELF 1
Find the mean of the points scored by the 51 winning teams listed on page 39.
Elementary Statistics: Picturing the World (7th Edition)
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
- 1 No. 2 3 4 Binomial Prob. X n P Answer 5 6 4 7 8 9 10 12345678 8 3 4 2 2552 10 0.7 0.233 0.3 0.132 7 0.6 0.290 20 0.02 0.053 150 1000 0.15 0.035 8 7 10 0.7 0.383 11 9 3 5 0.3 0.132 12 10 4 7 0.6 0.290 13 Poisson Probability 14 X lambda Answer 18 4 19 20 21 22 23 9 15 16 17 3 1234567829 3 2 0.180 2 1.5 0.251 12 10 0.095 5 3 0.101 7 4 0.060 3 2 0.180 2 1.5 0.251 24 10 12 10 0.095arrow_forwardstep by step on Microssoft on how to put this in excel and the answers please Find binomial probability if: x = 8, n = 10, p = 0.7 x= 3, n=5, p = 0.3 x = 4, n=7, p = 0.6 Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems) Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150) Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7,…arrow_forwardKate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). What is an example of fair division of the cake S1 S2 S3 S4 Kate $4.00 $6.00 $6.00 $4.00 Luke $5.30 $5.00 $5.25 $5.45 Mary $4.25 $4.50 $3.50 $3.75 Nancy $6.00 $4.00 $4.00 $6.00arrow_forward
- Faye cuts the sandwich in two fair shares to her. What is the first half s1arrow_forwardQuestion 2. An American option on a stock has payoff given by F = f(St) when it is exercised at time t. We know that the function f is convex. A person claims that because of convexity, it is optimal to exercise at expiration T. Do you agree with them?arrow_forwardQuestion 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR model? (Explain your answer.)arrow_forward
- Question 3. We want to price a put option with strike price K and expiration T. Two financial advisors estimate the parameters with two different statistical methods: they obtain the same return rate μ, the same volatility σ, but the first advisor has interest r₁ and the second advisor has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to price the option. Which advisor will get the larger price? (Explain your answer.)arrow_forwardQuestion 5. We consider a put option with strike price K and expiration T. This option is priced using a 1-period CRR model. We consider r > 0, and σ > 0 very large. What is the approximate price of the option? In other words, what is the limit of the price of the option as σ∞. (Briefly justify your answer.)arrow_forwardQuestion 6. You collect daily data for the stock of a company Z over the past 4 months (i.e. 80 days) and calculate the log-returns (yk)/(-1. You want to build a CRR model for the evolution of the stock. The expected value and standard deviation of the log-returns are y = 0.06 and Sy 0.1. The money market interest rate is r = 0.04. Determine the risk-neutral probability of the model.arrow_forward
- Several markets (Japan, Switzerland) introduced negative interest rates on their money market. In this problem, we will consider an annual interest rate r < 0. We consider a stock modeled by an N-period CRR model where each period is 1 year (At = 1) and the up and down factors are u and d. (a) We consider an American put option with strike price K and expiration T. Prove that if <0, the optimal strategy is to wait until expiration T to exercise.arrow_forwardWe consider an N-period CRR model where each period is 1 year (At = 1), the up factor is u = 0.1, the down factor is d = e−0.3 and r = 0. We remind you that in the CRR model, the stock price at time tn is modeled (under P) by Sta = So exp (μtn + σ√AtZn), where (Zn) is a simple symmetric random walk. (a) Find the parameters μ and σ for the CRR model described above. (b) Find P Ste So 55/50 € > 1). StN (c) Find lim P 804-N (d) Determine q. (You can use e- 1 x.) Ste (e) Find Q So (f) Find lim Q 004-N StN Soarrow_forwardIn this problem, we consider a 3-period stock market model with evolution given in Fig. 1 below. Each period corresponds to one year. The interest rate is r = 0%. 16 22 28 12 16 12 8 4 2 time Figure 1: Stock evolution for Problem 1. (a) A colleague notices that in the model above, a movement up-down leads to the same value as a movement down-up. He concludes that the model is a CRR model. Is your colleague correct? (Explain your answer.) (b) We consider a European put with strike price K = 10 and expiration T = 3 years. Find the price of this option at time 0. Provide the replicating portfolio for the first period. (c) In addition to the call above, we also consider a European call with strike price K = 10 and expiration T = 3 years. Which one has the highest price? (It is not necessary to provide the price of the call.) (d) We now assume a yearly interest rate r = 25%. We consider a Bermudan put option with strike price K = 10. It works like a standard put, but you can exercise it…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 HillBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL

Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill

Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt

Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL

Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY