Statistics for Business & Economics (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
13th Edition
ISBN: 9781305585317
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Textbook Question
Chapter 12.1, Problem 2E
reconsider the observed frequencies in exercise 1
a. Compute the sample proportion for each population.
b. use the multiple comparison procedure to determine which population proportions differ significantly. use a .05 level of significance.
Populations
| Response | 1 | 2 | 3 |
| Yes | 150 | 150 | 96 |
| No | 100 | 150 | 104 |
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A recent survey of 400 americans asked whether or not parents do too much for their young adult children. The results of the survey are shown in the data file. a) Construct the frequency and relative frequency distributions. How many respondents felt that parents do too much for their adult children? What proportion of respondents felt that parents do too little for their adult children? b) Construct a pie chart. Summarize the findings
The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute time in minutes for 48 cities are as follows:
Click on the datafile logo to reference the data.
DATA file
Albuquerque
23.3
Jacksonville
26.2
Phoenix
28.3
Atlanta
28.3
Kansas City
23.4
Pittsburgh
25.0
Austin
24.6
Las Vegas
28.4
Portland
26.4
Baltimore
32.1
Little Rock
20.1
Providence
23.6
Boston
31.7
Los Angeles
32.2
Richmond
23.4
Charlotte
25.8
Louisville
21.4
Sacramento
25.8
Chicago
38.1
Memphis
23.8
Salt Lake City
20.2
Cincinnati
24.9
Miami
30.7
San Antonio
26.1
Cleveland
26.8
Milwaukee
24.8
San Diego
24.8
Columbus
23.4
Minneapolis
23.6
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32.6
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28.5
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25.3
San Jose
28.5
Denver
28.1
New Orleans
31.7
Seattle
27.3
Detroit
29.3
New York
43.8
St. Louis
26.8
El Paso
24.4
Oklahoma City
22.0
Tucson
24.0
Fresno
23.0
Orlando
27.1
Tulsa
20.1
Indianapolis
24.8
Philadelphia
34.2
Washington, D.C.
32.8
a. What is the mean commute time for…
Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
Chapter 12 Solutions
Statistics for Business & Economics (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Ch. 12.1 - use the sample data below to test the hypotheses...Ch. 12.1 - reconsider the observed frequencies in exercise 1...Ch. 12.1 - The sample data below represent the number of late...Ch. 12.1 - Benson Manufacturing is considering ordering...Ch. 12.1 - Kate Sanders, a researcher in the department of...Ch. 12.1 - A tax preparation firm is interested in comparing...Ch. 12.1 - Social networking is becoming more and more...Ch. 12.1 - A manufacturer is considering purchasing parts...Ch. 12.2 - The following table contains observed frequencies...Ch. 12.2 - The following table contains observed frequencies...
Ch. 12.2 - A Bloomberg Businessweek subscriber study asked,...Ch. 12.2 - A Deloitte employment survey asked a sample of...Ch. 12.2 - health insurance benefits vary by the size of the...Ch. 12.2 - A vehicle quality survey asked new owners a...Ch. 12.2 - The Wall Street Journal Corporate Perceptions...Ch. 12.2 - The race for the 2013 Academy Award for Actress in...Ch. 12.2 - The national Sleep Foundation used a survey to...Ch. 12.2 - Prob. 18ECh. 12.3 - Test the following hypotheses by using the 2...Ch. 12.3 - The following data are believed to have come from...Ch. 12.3 - During the first 13 weeks of the television...Ch. 12.3 - Mars, Inc. manufactures MMs, one of the most...Ch. 12.3 - The wall street Journals Shareholder Scoreboard...Ch. 12.3 - The national highway Traffic Safety administration...Ch. 12.3 - use = .01 and conduct a goodness of fit test to...Ch. 12.3 - The weekly demand for a product is believed to be...Ch. 12 - In a quality control test of parts manufactured at...Ch. 12 - Phoenix Marketing international identified...Ch. 12 - The five most popular art museums in the world are...Ch. 12 - A Pew Research Center survey asked respondents if...Ch. 12 - Bara Research Group conducted a survey about...Ch. 12 - An ambulance service responds to emergency calls...Ch. 12 - Based on sales over a six-month period, the five...Ch. 12 - A random sample of final examination grades for a...Ch. 12 - A salesperson makes four calls per day. A sample...Ch. 12 - In a study conducted by Zogby International for...
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