STATS:DATA+MODELS(LL)-W/ACCESS>CUSTOM<
STATS:DATA+MODELS(LL)-W/ACCESS>CUSTOM<
21st Edition
ISBN: 9780137643219
Author: DeVeaux
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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What were the average sales for the four weeks prior to the experiment? What were the sales during the four weeks when the stores used the digital display? What is the mean difference in sales between the experimental and regular POP time periods? State the null hypothesis being tested by the paired sample t-test. Do you reject or retain the null hypothesis? At a 95% significance level, was the difference significant? Explain why or why not using the results from the paired sample t-test. Should the manager of the retail chain install new digital displays in each store? Justify your answer.
A retail chain is interested in determining whether a digital video point-of-purchase (POP) display would stimulate higher sales for a brand advertised compared to the standard cardboard point-of-purchase display. To test this, a one-shot static group design experiment was conducted over a four-week period in 100 different stores. Fifty stores were randomly assigned to the control treatment (standard display) and the other 50 stores were randomly assigned to the experimental treatment (digital display). Compare the sales of the control group (standard POP) to the experimental group (digital POP). What were the average sales for the standard POP display (control group)? What were the sales for the digital display (experimental group)? What is the (mean) difference in sales between the experimental group and control group? List the null hypothesis being tested. Do you reject or retain the null hypothesis based on the results of the independent t-test? Was the difference between the…
Question 4 An article in Quality Progress (May 2011, pp. 42-48) describes the use of factorial experiments to improve a silver powder production process. This product is used in conductive pastes to manufacture a wide variety of products ranging from silicon wafers to elastic membrane switches. Powder density (g/cm²) and surface area (cm/g) are the two critical characteristics of this product. The experiments involved three factors: reaction temperature, ammonium percentage, stirring rate. Each of these factors had two levels, and the design was replicated twice. The design is shown in Table 3. A222222222222233 Stir Rate (RPM) Ammonium (%) Table 3: Silver Powder Experiment from Exercise 13.23 Temperature (°C) Density Surface Area 100 8 14.68 0.40 100 8 15.18 0.43 30 100 8 15.12 0.42 30 100 17.48 0.41 150 7.54 0.69 150 8 6.66 0.67 30 150 8 12.46 0.52 30 150 8 12.62 0.36 100 40 10.95 0.58 100 40 17.68 0.43 30 100 40 12.65 0.57 30 100 40 15.96 0.54 150 40 8.03 0.68 150 40 8.84 0.75 30 150…

Chapter 14 Solutions

STATS:DATA+MODELS(LL)-W/ACCESS>CUSTOM<

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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