Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 16, Problem 24E

a.

To determine

Obtain Spearman’s coefficient of rank correlation.

b.

To determine

State whether it can be concluded that there is a positive association between the ratings of two scouts.

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Answer all the questions: 1. Taehyung is joining the same flight as Namjoon and Yoongi. In his drawer, there are 7 identical pairs of red socks, 5 identical pairs of white socks, and 4 identical pairs of striped socks. While in a hurry, he grabbed two individual socks from his drawer randomly. In how many ways will Taehyung get unmatched socks?
Isabel has two ways to travel from her home in Norco to her office in Los Angeles. One is to go via the 10 Freeway, and the other is to go via 60 Freeway. In order to determine which way she should travel on a daily basis, Isabel has recorded the travel times for samples of eight trips via the 10 Freeway and eight trips via the 60 Freeway. The following table gives the travel timnes (in minutes) for the sixteen trips. Travel times in minutes 10 Freeway 71, 68, 72, 72, 73, 71, 66, 76 60 Freeway 67, 75, 69, 75, 75, 81, 71, 72 Send data to calculator Send data to Excel Assume that the two populations of travel times are normally distributed and that the population variances are equal. Can we conclude, at the 0.01 level of significance, that u,, the mean travel time via the 10 freeway, is different from u,, the mean travel time via the 60 freeway? Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your…
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