Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 16.1, Problem 4E

A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized.

y = β 0 + β 1 x +

where

y = traffic flow in vehicles per hour

x = vehicle speed in miles per hour

The following data were collected during rush hour for six highways leading out of the city.

Chapter 16.1, Problem 4E, A highway department is studying the relationship between traffic flow and speed. The following

a. Develop an estimated regression equation for the data.

b. Using α = .01, test for a significant relationship.

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0 n AM RIES s of of 10 m Frequency 40 Frequency 20 20 30 10 You make two histograms from two different data sets (see the following figures), each one containing 200 observations. Which of the histograms has a smaller spread: the first or the second? 40 30 20 10 0 20 40 60 0 20 20 40 60 60 80 80 100 80 100
TIP the aren't, the data are not sym 11 Suppose that the average salary at a certain company is $100,000, and the median salary is $40,000. a. What do these figures tell you about the shape of the histogram of salaries at this company? b. Which measure of center is more appro- priate here? c. Suppose that the company goes through a salary negotiation. How can people on each side use these summary statistics to their advantage? 6360 be 52 PART 1 Getting Off to a Statistically Significant S
12 Suppose that you know that a data set is skewed left, and you know that the two measures of center are 19 and 38. Which figure is the mean and which is the median?

Chapter 16 Solutions

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

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