Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
expand_more
expand_more
format_list_bulleted
Question
Chapter 17, Problem 37CE
To determine
To find: The Fisher’s ideal index.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Engr. Dacara is given a load to teach Work Study and Measurement to his IE class.
During the first meeting of the semester, he targeted to deliver a total of 54 home
activities will be allocated for each student enrolled to accomplish the 18-week
semester from February to June.
a. How many home activities should each student finish per week to meet the
deadline?
b. Due to delays on enrollment and other factors, 33.33% of the semester
time was lost. What will be the new set-up for each student to finish to meet
the deadline?
Please help me to this ASAP.
For item 1 to 3.
Table 1.3 The following figures, released by the Federal Trade Commission, show the milligrams of tar and nicotine
found in 10 brands of cigarettes.
Brand
Tar Content(X)
Nicotine Content(Y)
Viceroy
14
0.9
Marlboro
17
1.1
Chesterfield
28
1.6
Kool
17
1.3
Kent
16
1.0
Raleigh
0.8
Old Gold
1.5
Philip Morris
1.4
Oasis
18
1.2
Players
31
2.0
Calculate the rank correlation coefficient(in 2 decimal places) to measure the degree of relationship between tar
and nicotine content in cigarettes.
Sample answer.
0.57
13
24
25
Chapter 17 Solutions
Statistical Techniques in Business and Economics
Ch. 17 - Prob. 1.1SRCh. 17 - Prob. 1.2SRCh. 17 - Prob. 1ECh. 17 - Prob. 2ECh. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 2SRCh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Prob. 7E
Ch. 17 - Prob. 8ECh. 17 - Prob. 3SRCh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 4SRCh. 17 - Prob. 11ECh. 17 - Prob. 5SRCh. 17 - Prob. 6SRCh. 17 - Prob. 7SRCh. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 15ECh. 17 - Prob. 16ECh. 17 - Prob. 17CECh. 17 - Prob. 18CECh. 17 - Prob. 19CECh. 17 - Prob. 20CECh. 17 - Prob. 21CECh. 17 - Prob. 22CECh. 17 - Prob. 23CECh. 17 - Prob. 24CECh. 17 - Prob. 25CECh. 17 - Prob. 26CECh. 17 - Prob. 27CECh. 17 - Prob. 28CECh. 17 - Prob. 29CECh. 17 - Prob. 30CECh. 17 - Prob. 31CECh. 17 - Prob. 32CECh. 17 - Prob. 33CECh. 17 - Prob. 34CECh. 17 - Prob. 35CECh. 17 - Prob. 36CECh. 17 - Prob. 37CECh. 17 - Prob. 38CECh. 17 - Prob. 39CECh. 17 - Prob. 40CECh. 17 - Prob. 41CECh. 17 - Prob. 42CECh. 17 - Prob. 43CECh. 17 - Prob. 44CECh. 17 - Prob. 45CECh. 17 - Prob. 46CECh. 17 - Prob. 47CECh. 17 - Prob. 48CECh. 17 - Prob. 49CECh. 17 - Prob. 50CECh. 17 - Prob. 51CECh. 17 - Prob. 52CECh. 17 - Prob. 53CECh. 17 - Prob. 54CECh. 17 - Prob. 55CE
Knowledge Booster
Similar questions
- Find the mean hourly cost when the cell phone described above is used for 240 minutes.arrow_forwardFor item 1 to 3. Table 1.3 The following figures, released by the Federal Trade Commission, show the milligrams of tar and nicotine found in 10 brands of cigarettes. Brand Tar Content(X) Nicotine Content(Y) Viceroy 14 0.9 Marlboro 17 1.1 Chesterfield 28 1.6 Kool 17 1.3 Kent 16 1.0 Raleigh 13 0.8 Old Gold 24 1.5 Philip Morris 25 Oasis 18 Players 31 1.4 1.2 2.0arrow_forwardans. only number 1arrow_forward
- The following table gives the cost of living index for 1998 with 1986 as base for different commodity groups: Food, Clothing, Fuel and Light, Rent and Miscellaneous as 440, 500, 350, 400 and 250 respectively with their weights in order in the ratio 15: 1:2:3:4. Obtain, the overall cost of living index number, suppose a person was earning $ 4,000 in 1986. What should be his salary in 1998 to maintain the standard of living as in 1986?arrow_forwardthere is an example of parts A and Barrow_forwardThe 98.6 degree standard for human body temperature was derived by a German doctor in 1868. In an attempt to verify his claim, Mackowiak, Wasserman, and Levine22 took temperatures from 148 healthy peopleover a 3-day period. A data set closely matching the one in Mackowiak’s article was derived by Allen Shoemaker, and appears in the Journal of Statistics Education.23 The body temperatures for these 130 individuals are shown in the relative frequency histogram that follows. See Attachment a. Describe the shape of the distribution of temperatures.b. Are there any unusual observations? Can you think of any explanation for these?c. Locate the 98.6-degree standard on the horizontal axis of the graph. Does it appear to be near the center of the distribution?arrow_forward
- A survey found that women's heights are normally distributed with mean 62.1 in. and standard deviation 3.1 in. The survey also found that men's heights are normally distributed with mean 68.9 in. and standard deviation 3.6 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 57 in. and a maximum of 64 in. Complete parts (a) and (b) below. a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement park? The percentage of men who meet the height requirement is %. (Round to two decimal places as needed.)arrow_forwardPrimary data is O a. Always collected before secondary data O b. Usually collected through annual reports O c. Information that already exists o d. Collected for the specific purpose at handarrow_forward18. Extrapolate the business done in 2018 from the following data : 2014 Year : 2013 2015 2016 2017 Business done (Rs. lakh) : 150 235 365 525 780arrow_forward
- Please explain. I am very lost ):arrow_forwardcalculate d and e with good working outs ...arrow_forwardThe height of 10 skeletons (denoted by the variable stature) and the length of the middle metacarpal bone were measured (the metacarpal bones are in the hand between the wrist and fingers). The skeletal height is measured in centimeters and the metacarpal length in millimeters. The scatterplot is given below. X 1. Describe what the scatterplot tells you about the direction, form, and strength of the relationship. stature (cm) 180.0 172.5 165.0 157.5 - . + + 51 39 45 metacarpal size (mm) 2. In this setting, is there a definite explanatory variable and response variable? Justify your answer. 3. Estimate the correlation between metacarpal length and stature. No calculations are necessary. 4. If the height and metacarpal length of the skeletons had been measured in inches, instead of centimeters and millimeters, how would the correlation between stature and metacarpal length for these 10 skeletons have been affected? Explain. 5. One of these skeletons (identified by the X) had a metacarpal…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning