Statistics for Business and Economics (13th Edition)
13th Edition
ISBN: 9780134506593
Author: James T. McClave, P. George Benson, Terry Sincich
Publisher: PEARSON
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Chapter 15.2, Problem 15.1LM
Under what circumstances is the sign test preferred to the t-test for making inferences about the
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High Cholesterol: A group of eight individuals with high cholesterol levels were given a new drug that was designed to lower cholesterol levels. Cholesterol levels, in milligrams per deciliter, were measured before and after treatment for each individual, with the following results:
Individual Before
1
2
3
4
5
6
7
8
237
282
278
297
243
228
298
269
After
200
208
178
212
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201
189
185
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(a) Construct a 99.9% confidence interval for the mean reduction in cholesterol level. Let a represent the cholesterol level before treatment minus the cholesterol level after. Use tables to find the critical value and round the answers to at least one decimal place.
I worked out the answers for most of this, and provided the answers in the tables that follow. But for the total cost table, I need help working out the values for 10%, 11%, and 12%.
A pharmaceutical company produces the drug NasaMist from four chemicals. Today, the company must produce 1000 pounds of the drug. The three active ingredients in NasaMist are A, B, and C. By weight, at least 8% of NasaMist must consist of A, at least 4% of B, and at least 2% of C. The cost per pound of each chemical and the amount of each active ingredient in one pound of each chemical are given in the data at the bottom. It is necessary that at least 100 pounds of chemical 2 and at least 450 pounds of chemical 3 be used.
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Production plan
Weight (lbs)
Chemical 1
257.1
Chemical 2
100
Chemical 3
450
Chemical 4
192.9
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At the beginning of year 1, you have $10,000. Investments A and B are available; their cash flows per dollars invested are shown in the table below. Assume that any money not invested in A or B earns interest at an annual rate of 2%.
a. What is the maximized amount of cash on hand at the beginning of year 4.$ ___________
A
B
Time 0
-$1.00
$0.00
Time 1
$0.20
-$1.00
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Chapter 15 Solutions
Statistics for Business and Economics (13th Edition)
Ch. 15.2 - Under what circumstances is the sign test...Ch. 15.2 - What is the probability that a randomly selected...Ch. 15.2 - Use Table I of Appendix D to calculate the...Ch. 15.2 - Consider the following sample of 10 measurements....Ch. 15.2 - Suppose you wish to conduct a test of the research...Ch. 15.2 - Accidents at construction sites. Refer to the...Ch. 15.2 - Salaries of experienced MBA graduates. According...Ch. 15.2 - Caffeine in Starbucks coffee. Researchers at the...Ch. 15.2 - Short-sale stock returns. The Securities and...Ch. 15.2 - Lobster trap placement. Refer to the Bulletin of...
Ch. 15.2 - Repair and replacement costs of water pipes. Refer...Ch. 15.2 - Performance of stock screeners. Refer to Exercise...Ch. 15.2 - Radon exposure in Egyptian tombs. Refer to the...Ch. 15.2 - Prob. 15.14ACICh. 15.3 - Prob. 15.15LMCh. 15.3 - Specify the test statistic and the rejection...Ch. 15.3 - Prob. 15.17LMCh. 15.3 - Prob. 15.18LMCh. 15.3 - Prob. 15.19ACBCh. 15.3 - Prob. 15.21ACBCh. 15.3 - Prob. 15.22ACBCh. 15.3 - The X-Factor in golf performance. Many golf...Ch. 15.3 - Prob. 15.24ACICh. 15.3 - Prob. 15.25ACICh. 15.3 - Prob. 15.26ACICh. 15.3 - Does rudeness really matter in the workplace?...Ch. 15.3 - Prob. 15.28ACICh. 15.4 - Prob. 15.29LMCh. 15.4 - Prob. 15.30LMCh. 15.4 - Prob. 15.31LMCh. 15.4 - Prob. 15.32LMCh. 15.4 - Twinned drill holes. Refer to the Exploration and...Ch. 15.4 - Prob. 15.34ACBCh. 15.4 - Prob. 15.35ACBCh. 15.4 - Prob. 15.36ACBCh. 15.4 - Prob. 15.37ACBCh. 15.4 - Prob. 15.38ACICh. 15.4 - Prob. 15.39ACICh. 15.4 - Prob. 15.40ACICh. 15.4 - Prob. 15.41ACICh. 15.4 - Prob. 15.42ACICh. 15.5 - Under what circumstances does the 2 distribution...Ch. 15.5 - Data were collected from three populations, A, B....Ch. 15.5 - Prob. 15.45LMCh. 15.5 - Prob. 15.46ACBCh. 15.5 - Prob. 15.47ACBCh. 15.5 - Prob. 15.48ACBCh. 15.5 - Prob. 15.49ACBCh. 15.5 - Prob. 15.50ACICh. 15.5 - Public defenders salaries. Random samples of seven...Ch. 15.5 - Prob. 15.52ACICh. 15.5 - Prob. 15.53ACICh. 15.6 - Prob. 15.54LMCh. 15.6 - Prob. 15.55LMCh. 15.6 - Prob. 15.56LMCh. 15.6 - Prob. 15.57ACBCh. 15.6 - Condit ions impeding farm production. A review of...Ch. 15.6 - Peer mentor training at a firm. Refer to the...Ch. 15.6 - Prob. 15.60ACBCh. 15.6 - Prob. 15.61ACICh. 15.6 - Prob. 15.62ACICh. 15.6 - Prob. 15.63ACICh. 15.6 - Prob. 15.64ACICh. 15.6 - Prob. 15.65ACICh. 15.7 - Prob. 15.66LMCh. 15.7 - Prob. 15.67LMCh. 15.7 - The following sample data were collected on...Ch. 15.7 - Compute Spearman s rank correlation coefficient...Ch. 15.7 - Charisma of top-level leaders. Refer to the...Ch. 15.7 - Prob. 15.71ACBCh. 15.7 - Prob. 15.72ACBCh. 15.7 - Prob. 15.73ACBCh. 15.7 - Prob. 15.74ACICh. 15.7 - Prob. 15.75ACICh. 15.7 - Prob. 15.76ACICh. 15.7 - Prob. 15.77ACICh. 15.7 - Sweetness of orange juice Refer to the orange...Ch. 15.7 - Americas most reputable companies. Forbes magazine...Ch. 15 - The data for three independent random samples are...Ch. 15 - Prob. 15.81LMCh. 15 - Two independent random samples produced the...Ch. 15 - Prob. 15.83LMCh. 15 - Prob. 15.84ACBCh. 15 - Prob. 15.85ACBCh. 15 - Office rental growth rates Real estate market...Ch. 15 - RIF plan to fire older employees. Reducing the...Ch. 15 - Prob. 15.88ACBCh. 15 - Wine-tasting experiment. Two expert wine tasters...Ch. 15 - Employee suggestion system. An employee suggestion...Ch. 15 - Prob. 15.91ACICh. 15 - Prob. 15.92ACICh. 15 - Prob. 15.93ACICh. 15 - Prob. 15.94ACICh. 15 - Cooling method for gas turbines. Refer to the...Ch. 15 - Flexible working hours program. A job-scheduling...Ch. 15 - Fluoride in drinking water. Many water treatment...Ch. 15 - Does fatigue lead to more defectives? A...Ch. 15 - Prob. 15.99ACICh. 15 - Prob. 15.100ACICh. 15 - Prob. 15.101ACICh. 15 - Groundwater contamination of wells. Methyl...
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