Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 14, Problem 57PS
a.
To determine
Find a logistic regression model to predict the
b.
To determine
Find a logistic regression model to predict the probability that a student selects pizza hut based on the price of a pizza and gender of a student. Test whether price and gender are independently significant indicator for purchase selection.
c.
To determine
Determine the appropriate model.
d.
To determine
Find the probability that a student will select pizza hut when price is
e.
To determine
Find the probability that a student will select pizza when price is
f.
To determine
Find the probability that a student will select pizza hut using appropriate model when price is
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Here we have data that represent the results of a study comparing different viewing distances for a 42 inch high definition television. Four viewing distances were evaluated, 9 feet, 12 feet, 15 feet and 18 feet. Each participant watched a 30 minute television program from one of the distances and then rated the viewing distance on a scale from 1 (Very Bad, definitely need to move closer or father away) to 7 (excellent, perfect viewing distance). The following day, the participants returned and watched another program from a different distance. This process continued until all five participants had experienced and rated all four distances.
Viewing Distance
Person
9 Feet
12 Feet
15 feet
18 Feet
A
3
4
7
6
B
0
3
6
3
C
2
1
3
4
D
0
1
4
3
E
0
1
3
4
Conduct a hypothesis test, clearly showing each step in your answer.
The question is in the image
Need help with this problem. It is believed that large doses of acetaminophen (the activeingredient in over the counter pain relievers like Tylenol) may cause damage to the liver. A researcherwants to conduct a study to estimate the proportion of acetaminophen users who have liver damage. Forparticipating in this study, he will pay each subject $20 and provide a free medical consultation if the patienthas liver damage.(a) If he wants to limit the margin of error of his 98% confidence interval to 2%, what is the minimumamount of money he needs to set aside to pay his subjects?(b) The amount you calculated in part (a) is substantially over his budget so he decides to use fewer subjects.How will this affect the width of his confidence interval?
Chapter 14 Solutions
Basic Business Statistics, Student Value Edition
Ch. 14 - For this problem, use the following multiple...Ch. 14 - For this problem, use the following multiple...Ch. 14 - A nonprofit analyst seeks to determine which...Ch. 14 - Profitability remains a challenge for banks and...Ch. 14 - The production of wine is a multibillion-dollar...Ch. 14 - Human resource managers face the business problem...Ch. 14 - Prob. 7PSCh. 14 - Prob. 8PSCh. 14 - The following ANOVA summary table is for a...Ch. 14 - The following ANOVA summary table is for a...
Ch. 14 - A financial analyst engaged in business valuation...Ch. 14 - In Problem 14.3 on page 541, you predicted...Ch. 14 - In Problem 14.5 on page 542, you used the...Ch. 14 - In Problem 14.4 on page 541, you used efficiency...Ch. 14 - In Problem 14.7 on page 542, you used the weekly...Ch. 14 - Prob. 16PSCh. 14 - Prob. 17PSCh. 14 - Prob. 18PSCh. 14 - In Problem 14.5 on page 542, you used the...Ch. 14 - Prob. 20PSCh. 14 - Prob. 21PSCh. 14 - Prob. 22PSCh. 14 - Prob. 23PSCh. 14 - Prob. 24PSCh. 14 - In Problem 14.3 on page 541, you predicted...Ch. 14 - In Problem on page 541, you used efficiency ratio...Ch. 14 - Prob. 27PSCh. 14 - In Problem 14.6 on page 542, you used full-time...Ch. 14 - Prob. 29PSCh. 14 - Prob. 30PSCh. 14 - The following is the ANOVA summary table for a...Ch. 14 - The following is the ANOVA summary table for a...Ch. 14 - In Problem 14.5 on page 542, you used alcohol...Ch. 14 - In Problem 14.4 on page 541, you used efficiency...Ch. 14 - Prob. 35PSCh. 14 - In Problem 14.6 on page 542, you used full-time...Ch. 14 - Prob. 37PSCh. 14 - Suppose X1 is a numerical variable and X2 is a...Ch. 14 - The chair of the accounting department plans to...Ch. 14 - A real estate association in a suburban community...Ch. 14 - In Problem 14.5 on page 542, you developed a...Ch. 14 - In mining engineering, holes are often drilled...Ch. 14 - The owner of a moving company typically has his...Ch. 14 - Prob. 44PSCh. 14 - Zagat’s publishes restaurant rating for various...Ch. 14 - In Problem 14.6 on page 542, you used full-time...Ch. 14 - In Problem 14.5 on page 542, the percentage of...Ch. 14 - Prob. 48PSCh. 14 - The director of a training program for a large...Ch. 14 - Prob. 50PSCh. 14 - Prob. 51PSCh. 14 - Prob. 52PSCh. 14 - Prob. 53PSCh. 14 - Prob. 54PSCh. 14 - Prob. 55PSCh. 14 - Prob. 56PSCh. 14 - Prob. 57PSCh. 14 - An automotive insurance company wants to predict...Ch. 14 - A marketing manager wants to predict customer with...Ch. 14 - A local supermarket manager wants to use two...Ch. 14 - Prob. 61PSCh. 14 - Prob. 62PSCh. 14 - Prob. 63PSCh. 14 - Prob. 64PSCh. 14 - Prob. 65PSCh. 14 - Prob. 66PSCh. 14 - Prob. 67PSCh. 14 - Prob. 68PSCh. 14 - Prob. 69PSCh. 14 - Prob. 70PSCh. 14 - Prob. 71PSCh. 14 - The owner of a moving company typically has his...Ch. 14 - Professional basketball has truly become a sport...Ch. 14 - A sample of 61 house recently listed for sale in...Ch. 14 - Measuring the height of a California redwood tree...Ch. 14 - A sample of 61 houses recently listed for sale in...Ch. 14 - Prob. 77PSCh. 14 - Referring to Problem 14.77, Suppose that an...Ch. 14 - Prob. 79PSCh. 14 - Prob. 80PSCh. 14 - Prob. 81PSCh. 14 - Prob. 82PSCh. 14 - Prob. 83PS
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
- A small coffee shop sells freshly squeezed juices in a refrigerated unit with slots where juice is displayed. These slots are called facings. The manager of the coffee shop suspects that the distribution of juice sales is different than the distribution of facings for each type of juice, so the manager records the sales of each juice over a two-week period. The proportion of facings and the sales for each type of juice are shown in the tables. Does the coffee shop owner have sufficient evidence to conclude that the distribution of sales is proportional to the number of facings at a 5 percent level of significance? Conduct the appropriate statistical test to support your conclusion.arrow_forwardThis is question has multiple parts.arrow_forwardAnswer it correctly and explain well. I will rate accordingly.arrow_forward
- I want to know if being an athlete or not would change the resuls to the donut vs. bagel study. I have a group of athletes and non-athletes and for one month I have half of the athletes eat donuts, the other half bagels and I have half the non-athletes eat donuts, the other half bagels and measure their kindness. What analysis do I use?arrow_forwardA school superintendent wanted to know whether there were differences between the high schools in her district with regards to the proportion of students who do not live with their biological parents. She surveyed 200 students from each of the two high schools – East and West. The proportion of students from the survey at East who do not live with their biological parents is 3.4%. The proportion of students from the survey at East who do not live with their biological parents is 4.2%. Using a 95% confidence interval (2SD or Theory based), can the superintendent conclude that there is a difference between East and West with respect to the proportion of students who do not live with their biological parents. Group of answer choices Yes she can conclude there is a difference because the confidence intervals overlap. No she cannot conclude there is a difference because the confidence intervals overlap. Yes she can conclude there is a difference because the confidence intervals don’t…arrow_forwardA 2009 study shpwed that handling money reduces the perception of pain. Two groups of participants were asked to participate in a manual dexterity study. Half of the participants were given a stack of blank pieces of paper to count and the other half were given money to count. After the counting task, the participants were asked to dip their hands in 122 degree Farenheit water and rate how uncomfortable it was . The following data shows ratings of pain similar to the results obtained in the study. Counting Money Counting Paper 7 9 8 11 10 13 6 10 8 11 5 9 7 15 12 14 5 10 A. based on the sample data, does the treatment, does the treatment have a significant effect? Test with a=.01. ( make sure you have ALL the steps involved in a hypothesis test). B. Calculate Cohens d to estimate the effect size. C. What a sentence describing the outcome of the hypothesis test and the measure of effect size as it would appear on a research report.arrow_forward
- A researcher working at Hershey's is interested in comparing two new chocolate bars: Chocolate Bar A versus Chocolate Bar B. The researcher expects the bars to be different in how much customers will eat per month. The researcher believes the more candy bars someone eats will indicate which one tastes the best. An experiment is designed to compare the two new bars. The number of candy bars eaten by one group of 8 people in a month is measured with Candy Bar A and then the number of candy bars eaten in the same month by another group of 8 participants is measured with Candy Bar B. Use the data below to determine if there is a difference in the consumption of the two candy bars. Candy Bar A Candy Bar B Number of Candy Bars eaten within a month 10, 30, 5, 35, 60, 3, 20, 30, 28, 27, 26, 27, 17, 25 12, 20 With a = .05, determine the critical value of t* that needs to be employed here. The value of the appropriate of t* is: 2.145 O 1.717 2.064 2.819 2.074 O The correct answer is not listed.arrow_forwardA researcher working at Hershey's is interested in comparing two new chocolate bars: Chocolate Bar A versus Chocolate Bar B. The researcher expects the bars to be different in how much customers will eat per month. The researcher believes the more candy bars someone eats will indicate which one tastes the best. An experiment is designed to compare the two new bars. The number of candy bars eaten by one group of 8 people in a month is measured with Candy Bar A and then the number of candy bars eaten in the same month by another group of 8 participants is measured with Candy Bar B. Use the data below to determine if there is a difference in the consumption of the two candy bars. Number of Candy Bars eaten within a month. Candy Bar A Candy Bar B 10, 30, 5, 35, 60, 3, 30, 28, 27, 26, 27, 20, 25 17, 12, 20 With a = .05, complete step 4 of the hypothesis testing procedure. What decision should the researcher make regarding "life" satisfaction and gender? The researcher should retain HO and…arrow_forwardSuppose that you are taking a course where the total class grade is the weighted average of your homework, worksheets, quizzes and tests.The homework is worth 15% of the course grade, worksheets are worth 20% of the course grade, the quizzes are worth 25% of the course grade, and tests are worth 40% of the course grade. To get a B in the course, you must have an overall average of at least 80%.Your current grades in each category are:Homework = 7575%, Worksheets = 7474%, and Quizzes = 6868%.What is the minimum test average you need to get a B in the course?.Your answer is: % (Round to at least 1 decimal place)arrow_forward
- Problems for interaction please. So the last two parts thank you.arrow_forwardBicycling World, a magazine devoted to cycling, reviews hundreds of bicycles throughout the year. Its "Road-Race" category contains reviews of bicycles used by riders primarily interested in racing. One of the most important factors in selecting a bicycle for racing is the weight of the bicycle. The following data show the weight (pounds) and price ($) for ten racing bicycles reviewed by the magazine. Model Weight Price Fierro 7B 17.9 2200 HX 5000 16.2 6350 Durbin Ultralight 16 8490 Schmidt 16.2 6300 WSilton Advanced 17.5 4100 bicyclette vélo 15.2 8500 Supremo Team 16.5 6200 XTC Racer 17.6 2680 D’Onofrio Pro 17.5 4500 Americana #6 13.6 8200 Use the data to develop an estimated regression equation that could be used to estimate the price for a bicycle given its weight. What is the estimated regression model? Group of answer choices y = -1512x + 30578 y = 1351x + 26327 y = -1161x + 24489 y = -1457x + 27903 y = 1341x + 25176arrow_forwardSlate is a daily magazine on the Web. Its business activities can be described by a number of variables. What is the level of measurement for each of the following variables?The number of hits on their website on Saturday between 8:00 am and 9:00 am.The departments, such as food and drink, politics, foreign policy, sports, etc.The number of weekly hits on the Sam’s Club ad.The number of years each employee has been employed with Slate.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 Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License