EBK STATISTICS FOR MANAGEMENT AND ECONO
EBK STATISTICS FOR MANAGEMENT AND ECONO
11th Edition
ISBN: 9781337516723
Author: KELLER
Publisher: YUZU
Question
Book Icon
Chapter 14.2, Problem 58E

(a)

To determine

Compute the LSD method.

(a)

Expert Solution
Check Mark

Explanation of Solution

t-value can be written as follows:

α=0.05t(α2,nk)=t(0.025,20)=2.086

LSD can be calculated as follows:

LSD=t(α2,nk)MSE(1ni+1nj)=2.086125(15+110)=14.75

Table-1 shows the mean and difference as follows:

Table-1

TreatmentMeansDifference
i = 1, j =222720522
i = 1, j =32272198
i = 1, j =4227248-21
i = 1, j =522720225
i = 2, j =3205219-14
i = 2, j =4205248-43
i = 2, j =52052023
i = 3, j =4219248-29
i = 3, j =521920217
i = 4, j =524820246

Therefore, from the above calculation, the pairs of mean differ, μ1 and μ2, μ1 and μ4, μ1 and μ5, μ1 and μ4, μ3 and μ5, and μ1 and μ2.

(b)

To determine

Compute the Bonferroni adjustment.

(b)

Expert Solution
Check Mark

Explanation of Solution

t-value can be written as follows:

C=5(4)2=10αE=0.05α=αECt(α2,nk)=t(0.0025,20)=3.153

LSD can be calculated as follows:

LSD=t(α2,nk)MSE(1ni+1nj)=3.153125(15+15)=22.3

Table-1 shows the mean and difference as follows:

Table-1

TreatmentMeansDifference
i = 1, j =222720522
i = 1, j =32272198
i = 1, j =4227248-21
i = 1, j =522720225
i = 2, j =3205219-14
i = 2, j =4205248-43
i = 2, j =52052023
i = 3, j =4219248-29
i = 3, j =521920217
i = 4, j =524820246

Therefore, from the above calculation, the following pairs differ. μ2 and μ5, μ2 and μ4, μ3 and μ4,and μ4 and μ5.

(c)

To determine

Compute the Tukey’s multiple comparison.

(c)

Expert Solution
Check Mark

Explanation of Solution

qα(k,v)=q0.05(5,20)=4.23ϖ=qα(k,v)MSEng=4.231255=21.15

Table-1 shows the mean and difference as follows:

Table-1

TreatmentMeansDifference
i = 1, j =222720522
i = 1, j =32272198
i = 1, j =4227248-21
i = 1, j =522720225
i = 2, j =3205219-14
i = 2, j =4205248-43
i = 2, j =52052023
i = 3, j =4219248-29
i = 3, j =521920217
i = 4, j =524820246

Therefore, from the above calculation, the following pairs differ. μ2 and μ5, μ2 and μ4, μ3 and μ4, and μ4 and μ5.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Tasks Exercise 1 Assess the following functions: 1. f(x)= x2+6x+2 2.f '(x)=10x-2x2+5 a. Find the stationary points. (5 marks) b. Determine whether the stationary point is a maximum or minimum. (5 marks) c. Draw the corresponding curves (5 marks)
Problem 2: The sales data over the last 10 years for the Acme Hardware Store are as follows: 2003 $230,000 2008 $526,000 2004 276,000 2009 605,000 2005 328,000 2010 690,000 2006 388,000 2011 779,000 2007 453,000 2012 873,000 1. Calculate the compound growth rate for the period of 2003 to 2012. 2. Based on your answer to part a, forecast sales for both 2013 and 2014. 3. Now calculate the compound growth rate for the period of 2007 to 2012. 1. Based on your answer to part e, forecast sales for both 2013 and 2014. 5. What is the major reason for the differences in your answers to parts b and d? If you were to make your own projections, what would you forecast? (Drawing a graph is very helpful.)
Exercise 4A firm has the following average cost: AC = 200 + 2Q – 36                                                                              Q Find the stationary point and determine if it is a maximum or a minimum.b. Find the marginal cost function.

Chapter 14 Solutions

EBK STATISTICS FOR MANAGEMENT AND ECONO

Ch. 14.1 - Prob. 11ECh. 14.1 - Prob. 12ECh. 14.1 - Prob. 13ECh. 14.1 - Prob. 14ECh. 14.1 - Prob. 15ECh. 14.1 - Prob. 16ECh. 14.1 - Prob. 17ECh. 14.1 - Prob. 18ECh. 14.1 - Prob. 19ECh. 14.1 - Prob. 20ECh. 14.1 - Prob. 21ECh. 14.1 - Prob. 22ECh. 14.1 - Prob. 23ECh. 14.1 - Prob. 24ECh. 14.1 - Prob. 25ECh. 14.1 - Prob. 26ECh. 14.1 - Prob. 27ECh. 14.1 - Prob. 28ECh. 14.1 - Prob. 29ECh. 14.1 - Prob. 30ECh. 14.1 - Prob. 31ECh. 14.1 - Prob. 32ECh. 14.1 - Prob. 33ECh. 14.1 - Prob. 34ECh. 14.1 - Prob. 35ECh. 14.1 - Prob. 36ECh. 14.1 - Prob. 37ECh. 14.1 - Prob. 38ECh. 14.1 - Prob. 39ECh. 14.1 - Prob. 40ECh. 14.1 - Prob. 41ECh. 14.1 - Prob. 42ECh. 14.1 - Prob. 43ECh. 14.1 - Prob. 44ECh. 14.1 - Prob. 45ECh. 14.1 - Prob. 46ECh. 14.1 - Prob. 47ECh. 14.1 - Prob. 48ECh. 14.1 - Prob. 49ECh. 14.1 - Prob. 50ECh. 14.1 - Prob. 51ECh. 14.1 - Prob. 52ECh. 14.1 - Prob. 53ECh. 14.1 - Prob. 54ECh. 14.1 - Prob. 55ECh. 14.1 - Prob. 56ECh. 14.2 - Prob. 57ECh. 14.2 - Prob. 58ECh. 14.2 - Prob. 59ECh. 14.2 - Prob. 60ECh. 14.2 - Prob. 61ECh. 14.2 - Prob. 62ECh. 14.2 - Prob. 63ECh. 14.2 - Prob. 64ECh. 14.2 - Prob. 65ECh. 14.2 - Prob. 66ECh. 14.2 - Prob. 67ECh. 14.2 - Prob. 68ECh. 14.2 - Prob. 69ECh. 14.2 - Prob. 70ECh. 14.2 - Prob. 71ECh. 14.2 - Prob. 72ECh. 14.2 - Prob. 73ECh. 14.2 - Prob. 74ECh. 14.2 - Prob. 75ECh. 14.2 - Prob. 76ECh. 14.2 - Prob. 77ECh. 14.2 - Prob. 78ECh. 14.2 - Prob. 79ECh. 14.2 - Prob. 80ECh. 14.2 - Prob. 81ECh. 14.2 - Prob. 82ECh. 14.4 - Prob. 83ECh. 14.4 - Prob. 84ECh. 14.4 - Prob. 85ECh. 14.4 - Prob. 86ECh. 14.4 - Prob. 87ECh. 14.4 - Prob. 88ECh. 14.4 - Prob. 89ECh. 14.4 - Prob. 90ECh. 14.4 - Prob. 91ECh. 14.4 - Prob. 92ECh. 14.4 - Prob. 93ECh. 14.4 - Prob. 94ECh. 14.4 - Prob. 95ECh. 14.4 - Prob. 96ECh. 14.4 - Prob. 97ECh. 14.4 - Prob. 98ECh. 14.4 - Prob. 99ECh. 14.5 - Prob. 100ECh. 14.5 - Prob. 101ECh. 14.5 - Prob. 102ECh. 14.5 - Prob. 103ECh. 14.5 - Prob. 104ECh. 14.5 - Prob. 105ECh. 14.5 - Prob. 106ECh. 14.5 - Prob. 107ECh. 14.5 - Prob. 108ECh. 14.5 - Prob. 109ECh. 14.6 - Prob. 110ECh. 14.6 - Prob. 111ECh. 14.6 - Prob. 112ECh. 14.A - Prob. 1ECh. 14.A - Prob. 2ECh. 14.A - Prob. 3ECh. 14.A - Prob. 4ECh. 14.A - Prob. 5ECh. 14.A - Prob. 6ECh. 14.A - Prob. 7ECh. 14.A - Prob. 8ECh. 14.A - Prob. 9ECh. 14.A - Prob. 10ECh. 14.A - Prob. 11ECh. 14.A - Prob. 12ECh. 14.A - Prob. 13ECh. 14.A - Prob. 14ECh. 14.A - Prob. 15ECh. 14.A - Prob. 16ECh. 14.A - Prob. 17ECh. 14.A - Prob. 18ECh. 14.A - Prob. 19ECh. 14.A - Prob. 20ECh. 14.A - Prob. 21ECh. 14.A - Prob. 22ECh. 14.A - Prob. 23ECh. 14.A - Prob. 24ECh. 14.A - Prob. 25ECh. 14.A - Prob. 26ECh. 14.A - Prob. 27ECh. 14.A - Prob. 28ECh. 14.A - Prob. 29ECh. 14.A - Prob. 30ECh. 14.A - Prob. 31ECh. 14.A - Prob. 32ECh. 14.A - Prob. 33ECh. 14.A - Prob. 34ECh. 14.A - Prob. 35ECh. 14.A - Prob. 36ECh. 14.A - Prob. 37ECh. 14.A - Prob. 38ECh. 14.A - Prob. 39ECh. 14.A - Prob. 40ECh. 14.A - Prob. 41ECh. 14.A - Prob. 42ECh. 14 - Prob. 113CECh. 14 - Prob. 114CECh. 14 - Prob. 115CECh. 14 - Prob. 116CECh. 14 - Prob. 117CECh. 14 - Prob. 118CECh. 14 - Prob. 119CECh. 14 - Prob. 120CECh. 14 - Prob. 121CECh. 14 - Prob. 122CECh. 14 - Prob. 123CECh. 14 - Prob. 124CECh. 14 - Prob. 125CECh. 14 - Prob. 126CECh. 14 - Prob. 127CECh. 14 - Prob. 128CECh. 14 - Prob. 129CECh. 14 - Prob. 130CECh. 14 - Prob. 131CECh. 14 - Prob. 132CECh. 14 - Prob. 133CECh. 14 - Prob. 134CECh. 14 - Prob. 135CECh. 14 - Prob. 136CECh. 14 - Prob. 137CECh. 14 - Prob. 138CECh. 14 - Prob. 139CECh. 14 - Prob. 140CECh. 14 - Prob. 141CECh. 14 - Prob. 142CECh. 14 - Prob. 143CECh. 14 - Prob. 144CECh. 14 - Prob. 145CECh. 14 - Prob. 146CE
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Text book image
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
EBK HEALTH ECONOMICS AND POLICY
Economics
ISBN:9781337668279
Author:Henderson
Publisher:YUZU
Text book image
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
Text book image
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,