Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Chapter 16, Problem 60PS
a.
To determine
Plot the time series for the U.S. civilian noninstitutional population of 16 years and older.
b.
To determine
Find the linear trend forecasting equation.
c.
To determine
Forecast the U.S. civilian noninstitutional population for 2017 and 2018.
d.
To determine
Repeat part (a) through part (c) for the data of U.S. civilian noninstitutional workforce of people 16 years and older.
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Table 5: Measurement Data for Question 9
Part Number
Op-1, M-1
Op-1, M-2 | Op-2, M-1 Op-2, M-2 | Op-3, M-1
Op-3, M-2
1
21
20
20
20
19
21
2
24
23
24
24
23
24
3
4
5
6
7
8
9
10
11
21
12
8222332
201
21
20
22
20
22
27
27
28
26
27
28
19
18
19
21
24
21
22
19
17
18
24
23
25
25
23
26
20
20
18
19
17
13
23
25
25
2 3 3 3 3 2 3
18
18
21
21
23
22
24
22
20
19
23
24
25
24
20
21
19
18
25
25
14
24
24
23
25
24
15
29
30
30
28
31
16
26
26
25
26
25
17
20
20
19
20
20
843882388
20
18
25
20
19
25
25
30
27
20
18
19
21
19
19
21
23
19
25
26
25
24
25
25
20
19
19
18
17
19
17
Question 9
A measurement systems experiment involving 20 parts, three operators (Op-1, Op-2, Op-3), and two measure-
ments (M-1, M-2) per part is shown in Table 5.
(a) Estimate the repeatability and reproducibility of the gauge.
(b) What is the estimate of total gauge variability?"
(c) If the product specifications are at LSL = 6 and USL 60, what can you say about gauge capability?
Question 5
A fraction nonconforming control chart with center line 0.10, UCL = 0.19, and LCL = 0.01 is used to control a
process.
(a) If three-sigma limits are used, find the sample size for the control charte
2
(b) Use the Poisson approximation to the binomial to find the probability of type I error.
(c) Use the Poisson approximation to the binomial to find the probability of type II error if the process fraction
defective is actually p = 0.20.
Question 8
Ten parts are measured three times by the same operator in a gauge capability study. The data are shown in
Table 4.
(a) Describe the measurement error that results from the use of this gauge. I
(b) Estimate total variability and product variability.
(c) What percentage of total variability is due to the gauge?
(d) If specifications on the part are at 100±15, find the P/T ratio for this gauge. Comment on the adequacy
of the gauge.
3
Table 4: Measurement Data for Question 8
Part Number Measurement 1 Measurement 2 Measurement 3
1
2
100
95
101
100
93
97
3
101
103
100
4
96
95
97
5
98
98
96
6
99
98
98
7889
95
97
98
100
99
98
100
100
97
10
100
98
98
99
Chapter 16 Solutions
Basic Business Statistics, Student Value Edition
Ch. 16 - If you are using exponential smoothing for...Ch. 16 - Consider a nine-year moving average used to smooth...Ch. 16 - You are using exponential smoothing on an annual...Ch. 16 - Prob. 4PSCh. 16 - Prob. 5PSCh. 16 - How have stocks performed in the past? The...Ch. 16 - Prob. 7PSCh. 16 - Prob. 8PSCh. 16 - Prob. 9PSCh. 16 - Prob. 10PS
Ch. 16 - The linear trend forecasting equation for an...Ch. 16 - There has been much publicity about bounces paid...Ch. 16 - Prob. 13PSCh. 16 - Prob. 14PSCh. 16 - Prob. 15PSCh. 16 - The data shown in the following table and stored...Ch. 16 - Prob. 17PSCh. 16 - Prob. 18PSCh. 16 - Prob. 19PSCh. 16 - Prob. 20PSCh. 16 - Prob. 21PSCh. 16 - Prob. 22PSCh. 16 - You are given an annual time series with 40...Ch. 16 - Prob. 24PSCh. 16 - Prob. 25PSCh. 16 - Prob. 26PSCh. 16 - Prob. 27PSCh. 16 - Prob. 28PSCh. 16 - Prob. 29PSCh. 16 - Using the average baseball salary from 200 through...Ch. 16 - Using the yearly amount of solar power generated...Ch. 16 - The following residuals are from a linear trend...Ch. 16 - Prob. 33PSCh. 16 - Prob. 34PSCh. 16 - Prob. 35PSCh. 16 - Prob. 36PSCh. 16 - Prob. 37PSCh. 16 - Prob. 38PSCh. 16 - Prob. 39PSCh. 16 - Prob. 40PSCh. 16 - In forecasting daily time-series data, how many...Ch. 16 - In forecasting a quarterly time series over the...Ch. 16 - Prob. 43PSCh. 16 - Prob. 44PSCh. 16 - Are gasoline prices higher during the height of...Ch. 16 - Prob. 46PSCh. 16 - Prob. 47PSCh. 16 - The file Silver-Q contains the price in London for...Ch. 16 - Prob. 49PSCh. 16 - What is a time series?Ch. 16 - What are the different components of a time-series...Ch. 16 - What is the difference between moving average and...Ch. 16 - Prob. 53PSCh. 16 - How does the least-squares linear trend...Ch. 16 - How does autoregressive modelling differ from the...Ch. 16 - What are the different approaches to choosing an...Ch. 16 - What is the major difference between using SYX and...Ch. 16 - How does forecasting for monthly or quarterly data...Ch. 16 - Prob. 60PSCh. 16 - The monthly commercial and residential prices for...Ch. 16 - The data stored in McDonalds represent the gross...Ch. 16 - Teachers’ Retirement System of the City of New...Ch. 16 - Prob. 64PS
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