APPLIED STAT.IN BUS.+ECONOMICS
APPLIED STAT.IN BUS.+ECONOMICS
6th Edition
ISBN: 9781259957598
Author: DOANE
Publisher: RENT MCG
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Chapter 16, Problem 35CE

Instructions: In all exercises, you may use a computer package (e.g., MegaStat, Minitab) or show Excel calculations in a worksheet, depending on your instructor’s wishes. Include relevant output or screen shots to support your answers. If you do the calculations yourself, show your work. State the hypotheses and give the test statistic and its two-tailed p-value. Make the decision. If the decision is close, say so. Are there issues of sample size? Is non-normality a concern?

The table below shows ratings of 18 movies by two reviewers (on a 0 to 5 ⋆ scale using half ⋆ increments). Research question: At α = .05, based on these data, is the rank correlation between reviewers significantly greater than zero (i.e., a right-tail test)?

Chapter 16, Problem 35CE, Instructions: In all exercises, you may use a computer package (e.g., MegaStat, Minitab) or show

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Q.2.4 There are twelve (12) teams participating in a pub quiz. What is the probability of correctly predicting the top three teams at the end of the competition, in the correct order? Give your final answer as a fraction in its simplest form.
The table below indicates the number of years of experience of a sample of employees who work on a particular production line and the corresponding number of units of a good that each employee produced last month. Years of Experience (x) Number of Goods (y) 11 63 5 57 1 48 4 54 5 45 3 51 Q.1.1 By completing the table below and then applying the relevant formulae, determine the line of best fit for this bivariate data set.  Do NOT change the units for the variables.   X y X2 xy         Ex= Ey= EX2 EXY= Q.1.2 Estimate the number of units of the good that would have been produced last month by an employee with 8 years of experience.   Q.1.3 Using your calculator, determine the coefficient of correlation for the data set. Interpret your answer. Q.1.4 Compute the coefficient of determination for the data set. Interpret your answer.
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