EBK BASIC BUSINESS STATISTICS
EBK BASIC BUSINESS STATISTICS
14th Edition
ISBN: 9780134685168
Author: STEPHAN
Publisher: YUZU
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Chapter 17, Problem 8PS

Undergraduate students at Miami University in Oxford, Ohio, were surveyed in order to evaluate the effect of price on the purchase of a pizza Hut. The students were asked to suppose that they were going to have a large two-topping delivered to their residence. Then they were asked to select from either Pizza Hut or another pizzeria of their choice. The price they would have to pay to get a Pizza Hut pizza differed from survey to survey. For example, some surveys used the price $11 .49 . Other prices investigated were $8 .49,  $9 .49, $10 .49, $12 .49, $13 .49 . and $14 .49 . The dependent variable for this study is whether or not a student will select Pizza Hut. The independent variables are the price of a Pizza Hut pizza and the gender of the student ( 1 = male, 0 = female ) .

a. Using half the data as the training sample and the other half of the data as the validation sample, develop a classification tree model to predict the probability the student will select Pizza Hut based on the price of a Pizza Hut pizza and the gender of the student.

b. What conclusions can you reach about the probability the student will select Pizza Hut?

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Question 1 A tech company has acknowledged the importance of having records of all meetings conducted. The meetings are very fast paced and requires equipment that is able to capture the information in the shortest possible time. There are two options, using a typewriter or a word processor. Fifteen administrative assistants are selected and the amount of typing time in hours was recorded. The results are given below: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 typewriter 8.0 6.5 5.0 6.7 7.8 8.5 7.2 5.7 9.2 5.7 6.5 word processor 7.2 5.7 8.3 7.5 9.2 7.2 6.5 7.0 6.9 34 7.0 6.9 8.8 6.7 8.8 9.4 8.6 5.5 7.2 8.4 a. Test the hypothesis that the mean typing time in hours for typewriters is less than 7.0. Use the 1% level of significance. b. Construct a 90% confidence interval for the difference in mean typing time in hours, where a difference is equal to the typing time in hours of word processors minus typing time in hours of typewriter. c. Using the 5% significance level, determine whether there is…
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