STATISTICAL TECHNIQUES-ACCESS ONLY
16th Edition
ISBN: 9780077639648
Author: Lind
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 2, Problem 48CE
In the United States, the industrial revolution of the early 20th century changed farming by making it more efficient. For example, in 1910 U.S. farms used 24.2 million horses and mules and only about 1,000 tractors. By 1960, 4.6 million tractors were used and only 3.2 million horses and mules. An outcome of making farming more efficient is the reduction of the number of farms from over 6 million in 1920 to about 2.2 million farms today. Listed below is the number of farms, in thousands, for each of the 50 states. Summarize the data and write a paragraph that describes your findings.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500, what is the reduction in work-in- process value?
suppose it costs $52,000 per year to live in city A. It costs $90,000 to live in city B. In which city do you need to earn more to have the same purchasing power
During a one year time period, how many gallons of water would the average household save by using an efficiency washer vs a regular washer? Is this one year savings more or less than the amount of water an average person drinks in a lifetime? Explain and show your assumptions, calculations, and conversions.
Consider it to be essentially 2 separate problems:
How much water is savedin a one year periodwhen using an efficiency washer vs regular washer - answer based on your assumptions and calculations for full credit
How much water does an average person drink in a lifetime– arrive at this answer based on your assumptions and calculations
Compare the answers to those 2 questions to arrive at your conclusion
Below are 2 pieces of information that you might find helpful
there are 128 oz in a gallon
there are 365 days in a year and also 52 weeks in a year
Chapter 2 Solutions
STATISTICAL TECHNIQUES-ACCESS ONLY
Ch. 2 - DeCenzo Specialty Food and Beverage Company has...Ch. 2 - A pie chart shows the relative market share of...Ch. 2 - In a marketing study, 100 consumers were asked to...Ch. 2 - A total of 1,000 residents in Minnesota were asked...Ch. 2 - Two thousand frequent business travelers are asked...Ch. 2 - Wellstone Inc. produces and markets replacement...Ch. 2 - A small business consultant is investigating the...Ch. 2 - In the first quarter of last year, the 11 members...Ch. 2 - Prob. 3SRCh. 2 - A set of data consists of 38 observations. How...
Ch. 2 - A set of data consists of 45 observations between...Ch. 2 - A set of data consists of 230 observations between...Ch. 2 - A set of data contains 53 observations. The...Ch. 2 - Wachesaw Manufacturing Inc. produced the following...Ch. 2 - The Quick Change Oil Company has a number of...Ch. 2 - The manager of the BiLo Supermarket in Mt....Ch. 2 - The food services division of Cedar River...Ch. 2 - The annual imports of a selected group of...Ch. 2 - Mollys Candle Shop has several retail stores in...Ch. 2 - The following chart shows the number of patients...Ch. 2 - The following frequency distribution reports the...Ch. 2 - Ecommerce.com, a large Internet retailer, is...Ch. 2 - A sample of the hourly wages of 15 employees at...Ch. 2 - The following cumulative frequency and the...Ch. 2 - The cumulative frequency and the cumulative...Ch. 2 - The frequency distribution representing the number...Ch. 2 - The frequency distribution of order lead time at...Ch. 2 - Describe the similarities and differences of...Ch. 2 - Describe the similarities and differences between...Ch. 2 - Alexandra Damonte will be building a new resort in...Ch. 2 - Speedy Swift is a package delivery service that...Ch. 2 - A data set consists of 83 observations. How many...Ch. 2 - A data set consists of 145 observations that range...Ch. 2 - The following is the number of minutes to commute...Ch. 2 - The following data give the weekly amounts spent...Ch. 2 - A social scientist is studying the use of iPods by...Ch. 2 - David Wise handles his own investment portfolio,...Ch. 2 - You are exploring the music in your iTunes...Ch. 2 - The monthly issues of the Journal of Finance are...Ch. 2 - The following histogram shows the scores on the...Ch. 2 - The following chart summarizes the selling price...Ch. 2 - A chain of sport shops catering to beginning...Ch. 2 - The numbers of outstanding shares for 24 publicly...Ch. 2 - A recent survey showed that the typical American...Ch. 2 - Midland National Bank selected a sample of 40...Ch. 2 - Residents of the state of South Carolina earned a...Ch. 2 - A recent study of home technologies reported the...Ch. 2 - Merrill Lynch recently completed a study regarding...Ch. 2 - A total of 5.9% of the prime-time viewing audience...Ch. 2 - Refer to the following chart: a. What is the name...Ch. 2 - The following chart depicts the annual revenues,...Ch. 2 - In 2011, the United States exported a total of 281...Ch. 2 - In the United States, the industrial revolution of...Ch. 2 - One of the most popular candies in the United...Ch. 2 - The number of families who used the Minneapolis...Ch. 2 - Refer to the Real Estate data, which reports...Ch. 2 - Refer to the Baseball 2012 data that report...Ch. 2 - Prob. 53DE
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- If you spend x million dollars on labor and y million dollars on capital (that is, machinery, buildings, etc.), then your factory producesarrow_forwardComparing two college enrollments, we have college "A," that had 14,100 students in 2005, and projected enrollment increases of 1500 students per year. College "B" had 2005 enrollment of 41,700, and a projected enrollment decline of 800 students per year. Determine the year at which both schools will have the same enrollment, and what that enrollment would be.arrow_forwardExample 3. Food I contains 10 units of vitamin A and 12 unit of vitamin R gram and cost 20 paise per gram. Food II contains 7 unit of vitamin A and 15 unis of vitamin B and costs 18 paise per gram. The daily requirement of vitamin A and R are atleast 80 units and 90 units respectively. Formulate the above as an LPP to per minimise the cost. CS Scanned with CamScannerarrow_forward
- A flower store stocks three kinds of flowers: lillies, roses, and carnations. The lilies cost 0.4 dollars to grow and sell for 2.4 dollars. The roses cost 0.2 dollars to grow and sell for 6.2 dollars. The carnations cost 0.6 dollars to grow and sell for 7.6 dollars. After conducting studies of customer demand, the store has determined they should stock 3 times as many roses as carnations. If they have a budget of 526.8 dollars for growing flowers, and they need to take in 8651.8 dollars of revenue, how many lilies, roses, and carnations should they grow? Lillies: Roses: Carnations:arrow_forwardThe amount of nitrogen (in lb/acre), phosphate (in lb/acre), and labor (in hr/acre) needed to grow honeydews, yellow onjons, and lettuce is given by the table to the right. Complete parts a and b. OA. Yes, the farmer should allot B. No, it is not possible to use all resources completely. acres for honeydew, for yellow onions, and acres for lettuce. Honeydews 120 Nitrogen Phosphate 180 Labor 5 a) If the farmer has 230 acres, 30,300 lb of nitrogen, 34,400 lb of phosphate, and 400 hours of labor, is it possible to use all resources completely? If so, how many acres should he allot for each crop? Select the correct choice below and, if necessary, fill in the answer box to complete your choice. ⒸA. Yes, the farmer should allot acres for honeydew, OB. No, it is not possible to use all resources completely. Yellow onions 150 acres for lettuce. 80 6 Lettuce b) Suppose everything is the same as in part a, except that 1180 hours of labor are available. Is it possible to use all resources…arrow_forwardA Toot can be made in 30 minutes and has a feather attached to it. A Wheet requires 15 minutes, has two feathers, and is sprinkled with 0.5 oz of sequin powder. A Honk requires 30 minutes, has three feathers, and one oz. of sequin powder. The net profit is $0.40 per Toot, $0.50 per Wheet, and $0.80 per Honk. The following resources are available: 80 hrs of labor, 360 feathers, and 90 oz. of sequin powder. Determine the quantity of each type of noisemaker that maximizes profit.arrow_forward
- Accounting procedures allow a business to evaluate its inventory costs based on two methods: LIFO (last in first out) or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO − LIFO for each product. Based on the following results, does the LIFO method result in a lower cost of inventory than the FIFO method? Product FIFO (F) LIFO (L) 1 225 221 2 119 100 3 100 113 4 212 200 5 248 245 This example is what type of test? A) A one-sample test of meansB) A two-sample test of meansC) A paired t-testD) A test of proportionsarrow_forwardAccounting procedures allow a business to evaluate its inventory costs based on two methods: LIFO (last in first out) or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO − LIFO for each product. Based on the following results, does the LIFO method result in a lower cost of inventory than the FIFO method? Product FIFO (F) LIFO (L) 1 225 221 2 119 100 3 100 113 4 212 200 5 248 245 What is the decision at the 5% level of significance? A) Fail to reject the null hypothesis and conclude LIFO is more effective.B) Reject the null hypothesis and conclude LIFO is more effective.C) Reject the alternate hypothesis and conclude LIFO is more effective.D) Fail to reject the null hypothesis.arrow_forwardThe Transit Authority (TA)in a metropolitan area operates a subway line that currently carries an average of 6000 passengers per day commuting between the suburbs and downtown. The fare now is $3.00 per ride and the board of the TA is considering raising its price by $0.50 to generate a larger revenue. A study reveals that for each $0.50 increase in fare, the ridership will be reduced by an average of 1000 passengers per day. Using this study, the board determines that, to get maximum profit, the price of the ticket should remain at $3.00. Is this correct? Explain why or why not.arrow_forward
- Animal population densities are important to those who manage wildlife. This is particularly true when animals pose risks to humans. Managing the population of grizzly bears in the surrounds of a park is one example. Let's say that the park in question is 2,962 square miles. Additionally, the bears roam a surrounding area that is 60% as large as the park. Although their territories overlap considerably, let's say each bear needs at least 15 square miles to himself/herself to call home. If there are about 2 adult female bears for every 1 adult male bear, then approximately how many female bears can be supported in and around the park? Remember: There are 315 bears in total in the park.arrow_forwardAccounting procedures allow a business to evaluate their inventory costs based on two methods: LIFO (last in first out) or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO − LIFO for each product. We would like to determine if the LIFO method results in a lower cost of inventory than the FIFO method. Product FIFO (F) LIFO (L) 1 225 221 2 119 100 3 100 113 4 212 200 5 248 245 What is the null hypothesis? Multiple Choice H0: µd = 0 H0: µd ≠ 0 H0: µd ≤ 0 H0: µd ≥ 0arrow_forwardAccounting procedures allow a business to evaluate their inventory costs based on two methods: LIFO (last in first out) or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO − LIFO for each product. We would like to determine if the LIFO method results in a lower cost of inventory than the FIFO method. Product FIFO (F) LIFO (L) 1 225 221 2 119 100 3 100 113 4 212 200 5 248 245 a) What are the degrees of freedom? A) 4B) 5C) 15D) 10 b) If you use the 5% level of significance, what is the critical t-value? A) +2.132 B) ±2.132 C) +2.262 D) ±2.228 c) What is the value of calculated t? A) +0.933 B) ±2.776 C) +0.47 D) −2.028 d) What is the decision at the 5% level of significance? A) Fail to reject the null hypothesis and conclude LIFO is more effective. B) Reject the null hypothesis and conclude…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY
Optimization Problems in Calculus; Author: Professor Dave Explains;https://www.youtube.com/watch?v=q1U6AmIa_uQ;License: Standard YouTube License, CC-BY
Introduction to Optimization; Author: Math with Dr. Claire;https://www.youtube.com/watch?v=YLzgYm2tN8E;License: Standard YouTube License, CC-BY