Stats
5th Edition
ISBN: 9780135163825
Author: De Veaux, Richard D., Velleman, Paul F., BOCK, David E.
Publisher: Pearson,
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Chapter 14, Problem 27E
a.
To determine
Find the expected gain if she books the cheaper flight.
b.
To determine
Find the standard deviation.
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Variables
Name
avgdr
employ
educ
exerany
Label
AVG ALCOHOLIC DRINKS PER DAY IN PAST 30
EMPLOYMENT STATUS
EDUCATION LEVEL
EXERCISE IN PAST 30 DAYS
Variables
Name
wage
hours
IQ
KWW
educ
exper
tenure
age
married
black
south
urban
sibs
brthord
meduc
feduc
Label
monthly earnings
average weekly hours
IQ score
knowledge of world work score
years of education
years of work experience
years with current employer
age in years
=1 if married
=1 if black
=1 if live in south
=1 if live in SMSA
number of siblings
birth order
mother's education
father's education
Information for questions 4
•
•
Please Download "wages" from Canvas (the link to
this dataset is right below the HWA1 questions - it is
a Microsoft excel worksheet) and store it in your
favorite folder.
It contains 797 observations and 16 variables. The
"state" variable gives the names of the states
involved in this dataset.
• You need to have excel on your computer to open
this dataset.
i. You should use File > Import > Excel Spreadsheet
etc. as done in class 3 convert this file into a
Stata dataset. Once you are done, write the final
STATA code that makes the transformation of an
excel file to a STATA file possible.
ii. Write a code that will close the log file that has
been open since Question 1 part ii.
Chapter 14 Solutions
Stats
Ch. 14.1 - 1. One of the authors took his minivan in for...Ch. 14.3 - 2. Suppose the time it takes a customer to get and...Ch. 14 - Prob. 1ECh. 14 - 2. Caffeinated A coffee shop tracks sales and has...Ch. 14 - 3. Oranges again What is the standard deviation...Ch. 14 - 4. Caffeinated again What is the standard...Ch. 14 - 5. Salary An employer pays a mean salary for a...Ch. 14 - 6. Golf scores A golfer keeps track of his score...Ch. 14 - 13. Battery The life span of a calculator battery...Ch. 14 - 14. Ketchup An automatic filling machine in a...
Ch. 14 - 15. Expected value Find the expected value of each...Ch. 14 - 16. Expected value Find the expected value of each...Ch. 14 - 17. Pick a card, any card You draw a card from a...Ch. 14 - 18. You bet! You roll a fair die. If it comes up a...Ch. 14 - 19. Kids A couple plans to have children until...Ch. 14 - 20. Carnival A carnival game offers a $100 cash...Ch. 14 - 21. Software A small software company bids on two...Ch. 14 - Prob. 16ECh. 14 - Prob. 17ECh. 14 - Prob. 18ECh. 14 - Prob. 19ECh. 14 - 26. The die Find the standard deviation of the...Ch. 14 - Prob. 21ECh. 14 - Prob. 22ECh. 14 - Prob. 23ECh. 14 - 30. Red lights A commuter must pass through five...Ch. 14 - 31. Defects A consumer organization inspecting new...Ch. 14 - 32. Insurance An insurance policy costs $100 and...Ch. 14 - Prob. 27ECh. 14 - Day trading An option to buy a stock is priced at...Ch. 14 - Prob. 29ECh. 14 - 36. Contracts Your company bids for two contracts....Ch. 14 - Prob. 31ECh. 14 - Prob. 32ECh. 14 - Prob. 33ECh. 14 - Prob. 34ECh. 14 - Random variables Given independent random...Ch. 14 - 42. Random variables Given independent random...Ch. 14 - Prob. 37ECh. 14 - 44. Garden A company selling vegetable seeds in...Ch. 14 - Prob. 39ECh. 14 - Stop! Find the mean and standard deviation of the...Ch. 14 - Tickets A delivery company’s trucks occasionally...Ch. 14 - Donations Organizers of a televised fundraiser...Ch. 14 - 49. Fire! An insurance company estimates that it...Ch. 14 - Prob. 45ECh. 14 - 52. Pets The American Veterinary Association...Ch. 14 - Prob. 47ECh. 14 - More pets You’re thinking about getting two dogs...Ch. 14 - 55. Medley In the 4 × 100 medley relay event, four...Ch. 14 - Prob. 50ECh. 14 - Prob. 51ECh. 14 - 58. Bike sale The bicycle shop in Exercise 56 will...Ch. 14 - 59. Coffee and doughnuts At a certain coffee shop,...Ch. 14 - Prob. 54E
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