Bundle: Statistics for Business & Economics, Loose-leaf Version, 13th + MindTap Business Statistics with XLSTAT, 2 terms (12 months) Printed Access Card
13th Edition
ISBN: 9781337127264
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Textbook Question
Chapter 18.5, Problem 37E
A student organization surveyed both current students and recent graduates to obtain information on the quality of teaching at a particular university. An analysis of the responses provided the following teaching-ability rankings. Do the rankings given by the current students agree with the rankings given by the recent graduates? Use α = .10 and test for a significant rank
| Professor | Current Students | Recent Graduates |
| 1 | 4 | 6 |
| 2 | 6 | 8 |
| 3 | 8 | 5 |
| 4 | 3 | 1 |
| 5 | 1 | 2 |
| 6 | 2 | 3 |
| 7 | 5 | 7 |
| 8 | 10 | 9 |
| 9 | 7 | 4 |
| 10 | 9 | 10 |
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Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include:
Mileage (mpg)
Number of Cylinders (cyl)
Displacement (disp)
Horsepower (hp)
Research: Google to understand these variables.
Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp
Mean
Median
First Quartile (Q1)
Second Quartile (Q2)
Third Quartile (Q3)
Fourth Quartile (Q4)
10th Percentile
70th Percentile
Skewness
Kurtosis
Document Your Results:
In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command”
In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…
Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include:
Mileage (mpg)
Number of Cylinders (cyl)
Displacement (disp)
Horsepower (hp)
Research: Google to understand these variables.
Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp
Mean
Median
First Quartile (Q1)
Second Quartile (Q2)
Third Quartile (Q3)
Fourth Quartile (Q4)
10th Percentile
70th Percentile
Skewness
Kurtosis
Document Your Results:
In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command”
In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…
Chapter 18 Solutions
Bundle: Statistics for Business & Economics, Loose-leaf Version, 13th + MindTap Business Statistics with XLSTAT, 2 terms (12 months) Printed Access Card
Ch. 18.1 - The following hypothesis test is to be conducted....Ch. 18.1 - Ten individuals participated in a taste test...Ch. 18.1 - The median number of part-time employees at...Ch. 18.1 - Net assets for the 50 largest stock mutual funds...Ch. 18.1 - The median price of homes in Austin, Texas is...Ch. 18.1 - The median annual income for families living in...Ch. 18.1 - Prob. 7ECh. 18.1 - A Pew Research Center survey asked adults if their...Ch. 18.1 - In a recent poll six hundred adults were asked a...Ch. 18.1 - Nielsen Media Research identified Empire and the...
Ch. 18.1 - Competition in the personal computer market is...Ch. 18.2 - Two fuel additives are tested to determine their...Ch. 18.2 - A sample of 10 men was used in a study to test the...Ch. 18.2 - Percents of on-time arrivals for flights in the...Ch. 18.2 - A test was conducted for two overnight mail...Ch. 18.2 - The LPGA ANA Inspiration tournament was held in...Ch. 18.2 - The Scholastic Aptitude Test (SAT) consists of...Ch. 18.3 - Two fuel additives are being tested to determine...Ch. 18.3 - Samples of starting annual salaries for...Ch. 18.3 - The gap between the earnings of men and women with...Ch. 18.3 - Are Southern and Western states equally prone to...Ch. 18.3 - Each year Bloomberg Businessweek publishes...Ch. 18.3 - Police records show the following numbers of daily...Ch. 18.3 - A certain brand of microwave oven was priced at 10...Ch. 18.3 - Chicago Midway International Airport and...Ch. 18.4 - A sample of 15 consumers provided the following...Ch. 18.4 - Three admission test preparation programs are...Ch. 18.4 - Forty-minute workouts of one of the following...Ch. 18.4 - The National Football League (NFL) holds its...Ch. 18.4 - A large corporation sends many of its first-level...Ch. 18.4 - The better-selling candies are often high in...Ch. 18.5 - Consider the following set of rankings for a...Ch. 18.5 - Prob. 33ECh. 18.5 - Prob. 34ECh. 18.5 - A national study by Harris Interactive, Inc.,...Ch. 18.5 - Prob. 36ECh. 18.5 - A student organization surveyed both current...Ch. 18 - A survey asked the following question: Do you...Ch. 18 - Due to a recent decline in the housing market, the...Ch. 18 - Twelve homemakers were asked to estimate the...Ch. 18 - Prob. 41SECh. 18 - The following data are product weights for the...Ch. 18 - A client wants to determine whether there is a...Ch. 18 - Prob. 44SECh. 18 - Prob. 45SECh. 18 - Prob. 46SECh. 18 - Prob. 47SE
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- Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include: Mileage (mpg) Number of Cylinders (cyl) Displacement (disp) Horsepower (hp) Research: Google to understand these variables. Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp Mean Median First Quartile (Q1) Second Quartile (Q2) Third Quartile (Q3) Fourth Quartile (Q4) 10th Percentile 70th Percentile Skewness Kurtosis Document Your Results: In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command” In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…arrow_forward2 (VaR and ES) Suppose X1 are independent. Prove that ~ Unif[-0.5, 0.5] and X2 VaRa (X1X2) < VaRa(X1) + VaRa (X2). ~ Unif[-0.5, 0.5]arrow_forward8 (Correlation and Diversification) Assume we have two stocks, A and B, show that a particular combination of the two stocks produce a risk-free portfolio when the correlation between the return of A and B is -1.arrow_forward
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