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

6th Edition

ISBN: 9780357228708

Author: David R. Anderson; Dennis J. Sweeney; Thomas A. Williams

Publisher: Cengage Learning US

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Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as p…

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Textbook Question

Chapter 2, Problem 50SE

Education Level and Household Income. The U.S. Census Bureau serves as the leading source of quantitative data about the nation’s people and economy. The following crosstabulation shows the number of households (1000s) and the household income by the level of education for heads of household having received a high school degree or more education (U.S. Census Bureau website, https://www.census.gov/data/tables/time-series/demo/income-poverty/cps-hinc.html).

TABLE 2.17 Betas for Dow Jones Industrial Average Companies

Chapter 2, Problem 50SE, Education Level and Household Income. The U.S. Census Bureau serves as the leading source of , example 1

Chapter 2, Problem 50SE, Education Level and Household Income. The U.S. Census Bureau serves as the leading source of , example 2

a. Construct a percent frequency distribution for the level of education variable. What percentage of heads of households have a master’s or doctoral degree?
b. Construct a percent frequency distribution for the household income variable. What percentage of households have an income of $50,000 or more?
c. Convert the entries in the crosstabulation into column percentages. Compare the level of education of households with a household income of under $25,000 to the level of education of households with a household income of $100,000 or more. Comment on any other items of interest when reviewing the crosstabulation showing column percentages.

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Chapter 2, Problem 49SE

Chapter 2, Problem 51SE

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Chapter 2 Solutions

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

Ch. 2.1 - Methods 1. The response to a question has three...Ch. 2.1 - 2. A partial relative frequency distribution is...Ch. 2.1 - A questionnaire provides 58 Yes, 42 No, and 20...Ch. 2.1 - For the 2010–2011 viewing season, the top five...Ch. 2.1 - In alphabetical order, the six most common last...Ch. 2.1 - Top Rated Television Show Networks. Nielsen Media...Ch. 2.1 - Airline Customer Satisfaction Survey. Many...Ch. 2.1 - Prob. 8E Ch. 2.1 - Prob. 9E Ch. 2.1 - VirtualTourist provides ratings for hotels...

Ch. 2.2 - 11. Consider the following data. Develop a...Ch. 2.2 - 12. Consider the following frequency...Ch. 2.2 - Construct a histogram for the data in exercise...Ch. 2.2 - Prob. 14E Ch. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - Applications 17. A doctor’s office staff studied...Ch. 2.2 - NBA Total Player Ratings. CBSSports.com developed...Ch. 2.2 - Prob. 19E Ch. 2.2 - CEO Time in Meetings. The London School of...Ch. 2.2 - Quantcast.com provides the number of people from...Ch. 2.2 - Top U.S. Franchises. Entrepreneur magazine ranks...Ch. 2.2 - Prob. 24E Ch. 2.2 - Best Paying College Degrees. Each year America.EDU...Ch. 2.2 - Prob. 26E Ch. 2.3 - The following data are for 30 observations...Ch. 2.3 - The following observations are for two...Ch. 2.3 - Daytona 500 Automobile Makes Average Speeds. The...Ch. 2.3 - Daytona 500 Average Speeds of Winners. The...Ch. 2.3 - 31. Recently, management at Oak Tree Golf Course...Ch. 2.3 - Household Income Levels. The following...Ch. 2.3 - 33. Each year Forbes ranks the world’s most...Ch. 2.3 - Prob. 34E Ch. 2.3 - The U.S. Department of Energy's Fuel Economy...Ch. 2.4 - The following 20 observations are for two...Ch. 2.4 - Prob. 37E Ch. 2.4 - The following crosstabulation summarizes the data...Ch. 2.4 - Driving Speed and Fuel Efficiency. A study on...Ch. 2.4 - The DATAfile Snow contains average annual snowfall...Ch. 2.4 - Hypertension and Heart Disease. People often wait...Ch. 2.4 - Smartphones are mobile phones with Internet,...Ch. 2.4 - Store Managers Time Study. The Northwest regional...Ch. 2 - SAT Scores. The SAT is a standardized test used by...Ch. 2 - Median Household Incomes. The file MedianHousehold...Ch. 2 - State Populations. Data showing the population by...Ch. 2 - Startup Company Funds. According to the Wall...Ch. 2 - Complaints Reported to BBB. Consumer complaints...Ch. 2 - Stock Price Volatility. The term “beta” refers to...Ch. 2 - Education Level and Household Income. The U.S....Ch. 2 - Prob. 51SE Ch. 2 - Best Places to Work. Fortune magazine publishes an...Ch. 2 - Prob. 53SE Ch. 2 - Prob. 54SE Ch. 2 - Prob. 55SE Ch. 2 - Prob. 56SE Ch. 2 - Google has changed its strategy with regard to...Ch. 2 - A zoo has categorized its visitors into three...Ch. 2 - Pelican Stores, a division of National Clothing,...Ch. 2 - Motion Picture Industry The motion picture...Ch. 2 - Cincinnati, Ohio, also known as the Queen City,...Ch. 2 - Jon Weideman, first shift foreman for Cut-Rate...

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Solution Summary: The author calculates the percentage of heads of households with a master's or doctoral degree, and the percent frequency distribution for the level of education and household income.

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