Introduction To Statistics And Data Analysis
6th Edition
ISBN: 9781337794503
Author: PECK
Publisher: Cengage
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Chapter 12.2, Problem 22E
The report “Consumer Revolving Credit and Debt Over the Life Cycle and Business Cycle” describes a study conducted by the Federal Reserve Bank of Boston (bostonfed.org, October 2015, retrieved May 27, 2017). Data consistent with summary values given in the report are summarized in the accompanying table. Suppose that these data resulted from a random sample of 800 adult Americans age 20 to 39 years old who have at least one credit card. Each person in the sample was classified according to age (with possible categories of 20 to 24 years, 25 to 29 years, 30 to 34 years, and 35 to 39 years). The people in the sample were also classified according to whether or not they pay the full balance on their credit cards each month or sometimes carry over a balance from month to month.
- a. To investigate if whether or not people pay their balance in full each month is related to age, which chi-square test (homogeneity or independence) would be the appropriate test? Explain your choice.
- b. Carry out an appropriate test to determine if these data provide convincing evidence that whether or not people pay their balance in full each month is related to age.
- c. To what population would it be reasonable to generalize the conclusion from the test in Part (b)?
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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?
Chapter 12 Solutions
Introduction To Statistics And Data Analysis
Ch. 12.1 - A particular cell phone case is available in a...Ch. 12.1 - From the given information in each case below, use...Ch. 12.1 - In 2014, the University of Houston carried out a...Ch. 12.1 - The Global Automotive 2016 Color Popularity Report...Ch. 12.1 - A popular urban legend is that more babies than...Ch. 12.1 - The authors of the paper External Factors and the...Ch. 12.1 - The authors of the paper Is It Really About Me?...Ch. 12.1 - The article In Bronx, Hitting Home Runs Is A...Ch. 12.1 - The authors of the paper Racial Stereotypes in...Ch. 12.1 - The paper Sociochemosensory and Emotional...
Ch. 12.1 - How would you answer the following question: Next...Ch. 12.1 - USA Today (Hybrid Car Sales Rose 81% Last Year,...Ch. 12.1 - A certain genetic characteristic of a particular...Ch. 12.2 - A particular state university system has six...Ch. 12.2 - A random sample of 1000 registered voters in a...Ch. 12.2 - Prob. 16ECh. 12.2 - Some colleges now allow students to pay their...Ch. 12.2 - The Knight Foundation asked each person in a...Ch. 12.2 - The Knight Foundation investigated whether high...Ch. 12.2 - Each person in a representative sample of 445...Ch. 12.2 - The report Education Pays 2016 (The College...Ch. 12.2 - The report Consumer Revolving Credit and Debt Over...Ch. 12.2 - Prob. 23ECh. 12.2 - The authors of the paper Movie Character Smoking...Ch. 12.2 - The data summarized in the accompanying table are...Ch. 12.2 - The paper Credit Card Misuse, Money Attitudes, and...Ch. 12.2 - Each person in a large sample of German...Ch. 12.2 - Can people tell the difference between a female...Ch. 12.3 - The following passage is from the paper Gender...Ch. 12.3 - The article titled Nap Time...Ch. 12.3 - Using data from a national survey, the authors of...Ch. 12 - Each observation in a random sample of 100 bicycle...Ch. 12 - The color vision of birds plays a role in their...Ch. 12 - Prob. 34CRCh. 12 - Prob. 35CRCh. 12 - Prob. 36CR
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