STATS:DATA+MODELS-W/DVD
4th Edition
ISBN: 9780321986498
Author: DeVeaux
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 15, Problem 43E
a.
To determine
Explain the reason of large standard deviation.
b.
To determine
Find the mean and the standard deviation of the annual profit for the given condition.
c.
To determine
Find the mean and the standard deviation of the annual profit for the given condition.
d.
To determine
Explain whether the company is profitable or not.
e.
To determine
Find the assumptions for the analysis.
Explain the situation when the assumptions may be violated.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
The maximum weights (in kilograms) for which one repetition of a half squat can be performed and the times (in seconds) to run a 10-meter sprint for 12 international soccer players are shown in the
attached data table with a sample correlation coefficient r of -0.941. A 13th data point was added to the end of the data set for an international soccer player who can perform the half squat with a
maximum of 205 kilograms and can sprint 10 meters in 2.01 seconds. Describe how this affects the correlation coefficient r. Use technology.
Click the icon to view the data set.
The new correlation coefficient r
(Round to three decimal places a
going from 0.941 to
-
gets stronger,
gets weaker,
stays the same,
You receive a brochure from a large university. The brochure indicates that the mean class size for full-time faculty is fewer than 31 students. You want to test this claim. You randomly select 18
classes taught by full-time faculty and determine the class size of each. The results are shown in the table below. At α = 0.05, can you support the university's claim? Complete parts (a) through (d)
below. Assume the population is normally distributed.
36
28
25
27
29
35
32
39
31
28
380
22
26
29
24
27
24
30吋
24
(a) Write the claim mathematically and identify Ho and Ha.
Which of the following correctly states Ho and H₂?
○ A. Ho: μ31
Нa: μ≤31
E. Ho: "=31
Ha: μ 31
OF. Ho: μ=31
Нa: μ31
Test the claim about the population mean μ at the level of significance α. Assume the population is normally distributed.
μ
Claim: <4715; α = 0.05
Sample statistics: x = 4917, s = 5501, n = 54
What are the null and alternative hypotheses?
Ho:
Ha
(Type integers or decimals. Do not round.)
Find the standardized test statistic t.
t = ☐
(Round to two decimal places as needed.)
Find the P-value.
P =
(Round to three decimal places as needed.)
Decide whether to reject or fail to reject the null hypothesis. Choose the correct answer below.
Ho. There
enough evidence at the ☐ % level of significance to
Fail to reject
Reject
....
the claim.
Chapter 15 Solutions
STATS:DATA+MODELS-W/DVD
Ch. 15.1 - 1. One of the authors took his minivan in for...Ch. 15.3 - 2. Suppose the time it takes a customer to get and...Ch. 15 - Prob. 1ECh. 15 - 2. Caffeinated A coffee shop tracks sales and has...Ch. 15 - 3. Oranges again What is the standard deviation...Ch. 15 - 4. Caffeinated again What is the standard...Ch. 15 - 5. Salary An employer pays a mean salary for a...Ch. 15 - 6. Golf scores A golfer keeps track of his score...Ch. 15 - 13. Battery The life span of a calculator battery...Ch. 15 - 14. Ketchup An automatic filling machine in a...
Ch. 15 - 15. Expected value Find the expected value of each...Ch. 15 - 16. Expected value Find the expected value of each...Ch. 15 - 17. Pick a card, any card You draw a card from a...Ch. 15 - 18. You bet! You roll a fair die. If it comes up a...Ch. 15 - 19. Kids A couple plans to have children until...Ch. 15 - 20. Carnival A carnival game offers a $100 cash...Ch. 15 - 21. Software A small software company bids on two...Ch. 15 - Prob. 16ECh. 15 - Prob. 17ECh. 15 - Prob. 18ECh. 15 - Prob. 19ECh. 15 - 26. The die Find the standard deviation of the...Ch. 15 - Prob. 21ECh. 15 - Prob. 22ECh. 15 - Prob. 23ECh. 15 - 30. Red lights A commuter must pass through five...Ch. 15 - 31. Defects A consumer organization inspecting new...Ch. 15 - 32. Insurance An insurance policy costs $100 and...Ch. 15 - Prob. 27ECh. 15 - Day trading An option to buy a stock is priced at...Ch. 15 - Prob. 29ECh. 15 - 36. Contracts Your company bids for two contracts....Ch. 15 - Prob. 31ECh. 15 - Prob. 32ECh. 15 - Prob. 33ECh. 15 - Prob. 34ECh. 15 - Random variables Given independent random...Ch. 15 - 42. Random variables Given independent random...Ch. 15 - Prob. 37ECh. 15 - 44. Garden A company selling vegetable seeds in...Ch. 15 - Prob. 39ECh. 15 - Stop! Find the mean and standard deviation of the...Ch. 15 - Tickets A delivery company’s trucks occasionally...Ch. 15 - Donations Organizers of a televised fundraiser...Ch. 15 - 49. Fire! An insurance company estimates that it...Ch. 15 - Prob. 45ECh. 15 - 52. Pets The American Veterinary Association...Ch. 15 - Prob. 47ECh. 15 - More pets You’re thinking about getting two dogs...Ch. 15 - 55. Medley In the 4 × 100 medley relay event, four...Ch. 15 - Prob. 50ECh. 15 - Prob. 51ECh. 15 - 58. Bike sale The bicycle shop in Exercise 56 will...Ch. 15 - 59. Coffee and doughnuts At a certain coffee shop,...Ch. 15 - Prob. 54E
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 politician claims that the mean salary for managers in his state is more than the national mean, $85,000. Assume the the population is normally distributed and the population standard deviation is $8700. The salaries (in dollars) for a random sample of 30 managers in the state are listed. At α = 0.01, is there enough evidence to support the claim? Use technology. 92,421 81,412 85,143 97,220 99,317 71,884 97,762 86,108 98,385 73,869 81,391 95,997 98,828 86,476 77,893 74,995 90,472 81,330 92,183 94,649 77,880 91,821 90,907 84,640 78,479 81,703 89,573 89,948 70,938 81,300 (a) Identify the null hypothesis and alternative hypothesis. O A. Ho: " =85,000 Нa: μ85,000 D. Hoi u >85,000 Нa: μ≤85,000 (b) Identify the standardized test statistic. Z= B. Hoμ≥85,000 Haμ85,000 Haμ≤85,000 (Round the final answer to two places as needed. Round all intermediate values to three places as needed.) (c) Find the P-value. Use technology. (Round to three decimal places as needed.) (d) Decide whether to reject…arrow_forwardI would like to get help to know how to make a report of the multiple regression analysis I performed about 30 employees salaries. it should include a description of the predictice model, pre-analysis, regression analysis, interpretation of the relevant findings and a conclusion with recommendations. thank youarrow_forwardTHE QUESTION: Set up a free RStudio account at posit.cloud. At the start of your R session, you should enter the following commands. set.seed(1) e<-rnorm(n = 100,mean = 0,sd = 80) x<-seq(1,100,1) y<-10+15*x + e Follow the examples in the Panopto Videos to use R to obtain the values requested below. (As always, if you round your answers, make sure you do so correctly and keep at least three decimal places.) (a) The smallest value of y = (b) The largest value of y = (c) The standard deviation of y = (d) The mean of y = (e) The median of y = (f) The correlation between x and y = (g) Using the variable e as data, the p-value for a test of Ho = 0 vs. Hд μ0 is ANSWERS I HAVE TRIED THAT ARE NOT CORRECT ↓ Answer Preview (BESIDES F, F IS CORRECT) (A) -104.123 (B) 1545.84 (C) 448.543 (D) 752.347 (E) 775.533 (F) (G) 0.987 0.497 PLEASSSEEE DO NOT GIVE ME BACK THE SAME ANSWERS THAT I HAVE SAID ARE WRONG Result incorrect incorrect incorrect incorrect incorrect correct incorrectarrow_forward
- 3:23 Search 1 of 2 UMCISI mville.brightspace.com onomic Statistics our grade, can be done as a 2 people's group) - Due date Sunday, 12/08/202 through Brightspace portal. College students' physical, emotional, and mental health are at the forefront of many national discussions and statistical studies. Many factors can influence students' overall health, including diet, sleep, exercise, social media usage, etc. In this project, you will look at real data gathered from 30 college students and determine related descriptive and inferential statistics. Please use MS Excel (see attached file) to collect your data and complete the assignment. The students surveyed were asked the following questions: On a typical weekday, Are you an on-campus student or a commuter? How many hours of sleep do you get? How many hours do you study? How many calories do you intake? How many hours do you exercise? How many hours do you spend on social media? How many hours do you spend with your friends and family…arrow_forwardIs the area to the right of the left-tail critical value Chi-squared(1-alpha) of the chi-squared distribution always (1-alpha), and is the area to the left of this critical value always alpha? Does this apply to all chi-squared distributions?Please see image attachedarrow_forwardSet up a free RStudio account at posit.cloud. At the start of your R session, you should enter the following commands. set.seed(1) e<-rnorm(n = 100,mean = 0,sd = 80) x<-seq(1,100,1) y<-10+15*x + e Follow the examples in the Panopto Videos to use R to obtain the values requested below. (As always, if you round your answers, make sure you do so correctly and keep at least three decimal places.) (a) The smallest value of y = (b) The largest value of y = (c) The standard deviation of y = (d) The mean of y = (e) The median of y = (f) The correlation between x and y = : (g) Using the variable e as data, the p-value for a test of Hoμ = 0 vs. HA μ0 isarrow_forward
- Does Chi-squared(alpha) always represent the right tail of the the chi-square distribution and does Chi-squared(1-alpha) always represent the left tail of the the chi-square distribution. Also, for a standard normal distribution would Z(1-alpha) be equivalent to -Zalpha in represneting the left tail of the standard normal distribution curve because they both have the same z-score. Furthermore, is my understanding correct in the sense that if we have a critical value,say Zalpha, would the area to the right of it will be alpha and to the left of it would be 1-alphaarrow_forwardOne bulb manufacturer claims an average bulb life of 1,600 hours. It is suspected that the actual average is significantly lower. To verify this, a sample of 49 bulbs is selected and the life of each bulb is measured. A sample mean of 1,500 hours and a standard deviation of 120 hours were obtained from them. Can you be sure, at 5% significance, that the mean life is less than what the manufacturer claims?arrow_forwardThe specification calls for the dimension of a certain mechanical part to be 0.55 inches. A random sample of 35 parts taken from a large batch showed a mean 0.54 in. with a deviation of 0.05 in. Can it be concluded, at 1% significance, that the batch of parts meets the required specification?arrow_forward
- A manufacturer produces a wire rope of a certain type, which has a breaking strength of not more than 300 kg. A new and cheaper process is discovered which is desired to be employed, provided that the wire rope thus produced has an average breaking strength greater than 300 kg. If a random sample of 26 wires produced with the new process has given a mean of 304.5 kg and a standard deviation of 15 kg, should the manufacturer adopt the new process?arrow_forwardWe are interested in whether the proportions of female suicide victims for ages 15 to 24 are the same between the white and the black races in the United States. We randomly pick one year to compare the races. The number of suicides estimated in the United States in that year for white females is 4,930. Five hundred eighty-three were aged 15 to 24. The estimate for black females is 330. Forty-one were aged 15 to 24. We will let female suicide victims be our population. (Use α = 0.05.) NOTE: If you are using a Student's t-distribution for the problem, including for paired data, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.) Part (a) State the null hypothesis. ○ Ho: PW> PB O Ho: PW + PB Ho: Pw≤ PB Ho: PW-PB ○ Ho: Pw PB Part (c) In words, state what your random variable P'w-P'B represents. P'w-P'B represents the average difference of white and black female suicide victims, aged 15 to 24. ○ P'w-P'B…arrow_forwardplease solve this problem step by step and make it quick pleasearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSON
The Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. Freeman
Introduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman
The Shape of Data: Distributions: Crash Course Statistics #7; Author: CrashCourse;https://www.youtube.com/watch?v=bPFNxD3Yg6U;License: Standard YouTube License, CC-BY
Shape, Center, and Spread - Module 20.2 (Part 1); Author: Mrmathblog;https://www.youtube.com/watch?v=COaid7O_Gag;License: Standard YouTube License, CC-BY
Shape, Center and Spread; Author: Emily Murdock;https://www.youtube.com/watch?v=_YyW0DSCzpM;License: Standard Youtube License