Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 2, Problem 50SE
One of the questions in a Financial Times/Harris Poll was, “How much do you favor or oppose a higher tax on higher carbon emission cars?” Possible responses were strongly favor, favor more than oppose, oppose more than favor, and strongly oppose. The following crosstabulation shows the responses obtained for 5372 adults surveyed in four countries in Europe and the United States (Harris Interactive website, February 27, 2008).
TABLE 2.17 DIVIDEND YIELD FOR DOW JONES INDUSTRIAL AVERAGE COMPANIES
| Company | Dividend Yield % | Company | Dividend Yield % |
| 3M | 3.6 | IBM | 2.1 |
| Alcoa | 1.3 | Intel | 3.4 |
| American Express | 2.9 | J.P. Morgan Chase | 0.5 |
| AT&T | 6.6 | Johnson & Johnson | 3.6 |
| Bank of America | 0.4 | Kraft Foods | 4.4 |
| Boeing | 3.8 | McDonald’s | 3.4 |
| Caterpillar | 4.7 | Merck | 5.5 |
| Chevron | 3.9 | Microsoft | 2.5 |
| Cisco Systems | 0.0 | Pfizer | 4.2 |
| Coca-Cola | 3.3 | Procter & Gamble | 3.4 |
| DuPont | 5.8 | Travelers | 3.0 |
| ExxonMobil | 2.4 | United Technologies | 2.9 |
| General Electric | 9.2 | Verizon | 6.3 |
| Hewlett-Packard | 0.9 | Wal-Mart Stores | 2.2 |
| Home Depot | 3.9 | Walt Disney | 1.5 |
| Country | ||||||
| Level of Support | Great Britain | Italy | Spain | Germany | United States | Total |
| Strongly favor | 337 | 334 | 510 | 222 | 214 | 1617 |
| Favor more than oppose | 370 | 408 | 355 | 411 | 327 | 1871 |
| Oppose more than favor | 250 | 188 | 155 | 267 | 275 | 1135 |
| Strongly oppose | 130 | 115 | 89 | 211 | 204 | 749 |
| Total | 1087 | 1045 | 1109 | 1111 | 1020 | 5372 |
- a. Construct a percent frequency distribution for the level of support variable. Do you think the results show support for a higher tax on higher carbon emission cars?
- b. Construct a percent frequency distribution for the country variable.
- c. Does the level of support among adults in the European countries appear to be different than the level of support among adults in the United States? Explain.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
One question in the General Social Survey asks, “Do you think that it should be government’s responsibility to reduce income differences between the rich and the poor?” Those answering yes in a recent survey included 90 of the 142 respondents who called themselves “strong Democrat” in political party identification and 26 of the 102 who called themselves “strong Republican.”
Question: Find the point estimate (n) of the proportion answering yes for each group. What is the point estimate for strong Democrat and strong Republicans
The Columbus Zoo conducts a study to determine whether a household's income can be used to predict the amount of money the household will give to the zoo's annual fund drive. What is the response variable in this study?
Community college tuition: In an ABC News/Washington Post Poll in January 2015, 1,003 adults nationwide answered the following question, “Obama has proposed providing free tuition to attend community colleges at a cost to the federal government of sixty billion dollars over 10 years. Do you support or oppose this proposal?” 53% supported the proposal with a margin of error of 3.5% at a 95% level of confidence.
http://www.washingtonpost.com/politics/polling/washington-postabc-news-poll-january-1215/2015/01/22/9eba07b0-9f19-11e4-91fc-7dff95a14458_page.html
Which of the following statements is correct about the 95% confidence interval?
We are 95% confident that between 46% and 60% of all adults nationwide will support the free community college tuition proposal.
We are 95% confident that between 49.5% and 56.5% of all adults nationwide will support the free community college tuition proposal.
We are 95% confident that 53% of the 1,003 adults in the sample will support the free…
Chapter 2 Solutions
Statistics for Business & Economics, Revised (MindTap Course List)
Ch. 2.1 - Methods 1. The response to a question has three...Ch. 2.1 - A partial relative frequency distribution is...Ch. 2.1 - A questionnaire provides 58 Yes, 42 No, and 20...Ch. 2.1 - for the 20102011 viewing season, the top five...Ch. 2.1 - In alphabetical order, the six most common last...Ch. 2.1 - Nielsen Media Research provided the list of the 25...Ch. 2.1 - The Canmark Research Center Airport Customer...Ch. 2.1 - Data for a sample of 55 members of the Baseball...Ch. 2.1 - The Pew Research Centers Social Demographic...Ch. 2.1 - The Financial Times/Harris Poll is a monthly...
Ch. 2.2 - Consider the following data. a. Develop a...Ch. 2.2 - Consider the following frequency distribution....Ch. 2.2 - Construct a histogram for the data in exercise 12.Ch. 2.2 - Consider the following data. a. Construct a dot...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 A doctors office staff studied the...Ch. 2.2 - A shortage of candidates has required school...Ch. 2.2 - The London School of Economics and the Harvard...Ch. 2.2 - Fortune provides a list of Americas largest...Ch. 2.2 - entrepreneur magazine ranks franchises using...Ch. 2.2 - The Nielsen Home Technology Report provided...Ch. 2.2 - Prob. 24ECh. 2.2 - A psychologist developed a new test of adult...Ch. 2.2 - The 2011 Cincinnati Flying Pig Half-Marathon (13.1...Ch. 2.3 - The following data are for 30 observations...Ch. 2.3 - The following observations are for two...Ch. 2.3 - The following crosstabulation shows household...Ch. 2.3 - Refer again to the crosstabulation of household...Ch. 2.3 - Recently, management at Oak Tree Golf Course...Ch. 2.3 - Table 2.12 shows a data set containing information...Ch. 2.3 - Refer to the data in Table 2.12. a. Prepare a...Ch. 2.3 - Refer to the data in Table 2.12. a. Prepare a...Ch. 2.3 - The U.S. Department of Energys Fuel Economy Guide...Ch. 2.4 - The following 20 observations are for two...Ch. 2.4 - Consider the following data on two categorical...Ch. 2.4 - The following crosstabulation summarizes the data...Ch. 2.4 - A study on driving speed (miles per hour) and fuel...Ch. 2.4 - The Current Results website lists the average...Ch. 2.4 - People often wait until middle age to worry about...Ch. 2.4 - Smartphones are advanced mobile phones with...Ch. 2.4 - The Northwest regional manager of an outdoor...Ch. 2 - Approximately 1.5 million high school students...Ch. 2 - The Pittsburgh Steelers defeated the Arizona...Ch. 2 - Data showing the population by state in millions...Ch. 2 - A startup companys ability to gain funding is a...Ch. 2 - Consumer complaints are frequently reported to the...Ch. 2 - Dividend yield is the annual dividend paid by a...Ch. 2 - One of the questions in a Financial Times/Harris...Ch. 2 - western University has only one womens softball...Ch. 2 - A survey of commercial buildings served by the...Ch. 2 - Table 2.18 shows a portion of the data for a...Ch. 2 - Refer to the data set in Table 2.18. a. Construct...Ch. 2 - Refer to the data set in Table 2.18. a. Construct...Ch. 2 - Refer to the data set in Table 2.18. a. Prepare a...Ch. 2 - Google has changed its strategy with regard to how...Ch. 2 - A zoo has categorized its visitors into three...Ch. 2 - Pelican Stores Pelican Stores, a division of...Ch. 2 - Motion Picture Industry The motion picture...
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
- Suppose the Dow Jones Industrial Average went up 149.82 points. The following table shows the stock price changes for a sample of 12 companies on that day. PRICE CHANGE PRICE CHANGE COMPANY $ COMPANY $ AFLAC 0.81 JOHN&JOHN 1.46 BANK AMERICA 0.05 LOEWS CP 0.92 CABELVISION 0.41 NOKIA 0.21 DIAGEO 1.32 SMPRAENGY 0.97 FLOUR CP 2.37 SUNOCO 0.52 GOODRICH 0.4 TYSON FOOD 0.22 Provide 95% confidence interval estimates of the populatioin vairance and the population standard deviation.arrow_forwardUse the information below to answer following three questions. Total Hardware expected to sell 800 ½ inch drywall nails for $4 each but ended up selling 1,600 for $10 each. Their contribution margins are listed below Actual Margin Standard Margin $500 $300 What is the sales margin variance? What is the price variance?arrow_forwardConsider the table. Sales on Toaster Ovens 2004 2005 2006 2007 2008 Super Deluxe $86,100 $140,500 $65,800 $56,100 $59,000 Deluxe 103,200 136,100 129,900 133,800 75,400 Standard 147,300 123,600 125,500 132,600 58,000 What percent of the total sales in 2004 were the deluxe model? (Round to the nearest tenth percent.)arrow_forward
- The North American Free Trade Agreement (NAFTA) enacted in 1994 is a trilateral trade agreement signed by the United States, Canada and Mexico. This trade agreement has been controversial since its inception and Americans remain split on the issue. In a Gallup Poll conducted February 1-5, 2017, 448 out of 973 randomly selected Americans aged 18 or older stated that they believed that NAFTA was bad for the United States. a. Find the point estimate for the proportion of Americans who believe that NAFTA was bad for the United States. Round your answer to 4 decimal places. b. Find the margin of error for a 95% confidence interval. Round your answer to 4 decimal places. c. Construct the 95% confidence interval for the proportion of Americans who believe that NAFTA was bad for the United States. Enter your answer as an open interval of the form (a,b) and round to 3 decimal places. d. Can you conclude that more than half of Americans believe that NAFTA was bad for the United States? No, the…arrow_forwardThe North American Free Trade Agreement (NAFTA) enacted in 1994 is a trilateral trade agreement signed by the United States, Canada and Mexico. This trade agreement has been controversial since its inception and Americans remain split on the issue. In a Gallup Poll conducted February 1-5, 2017, 472 out of 1025 randomly selected Americans aged 18 or older stated that they believed that NAFTA was bad for the United States. a. Find the point estimate for the proportion of Americans who believe that NAFTA was bad for the United States. Round your answer to 4 decimal places. b. Find the margin of error for a 95% confidence interval. Round your answer to 4 decimal places. c. Construct the 95% confidence interval for the proportion of Americans who believe that NAFTA was bad for the United States. Enter your answer as an open interval of the form (a,b) and round to 3 decimal places. d. Can you conclude that more than half of Americans believe that NAFTA was bad for the United States? O No,…arrow_forwardPurchasing magazine reported the results of a survey in which buyers were asked a series of questions with regard to internet usage. One question asked was how they would use the internet if security and other issues could be resolved. Seventy-eight percent said they would use it for pricing information, 75% said they would use it to send purchase orders, and 70% said they would use it for purchase order acknowledgments. Assume that these percentages hold true for all buyers. A researcher randomly samples 20 buyers and asked them how they would use the internet if security and other issues could be resolved. What is the probability that all of the buyers would use the internet to send purchase orders?arrow_forward
- 5. According to the U.S. Department of Labor, as of May 2009 the median annual salary for a police dispatcher was $34,790. If the 25th percentile for the annual salary of a police dispatcher was $27,550, find the percent of police dispatchers whose annual salary was a. less than $34,790. b. more than $27,550. c. between $27,550 and $34,790.arrow_forward2. A random telephone survey of 1,051 adults (aged 18 and older) was conducted by an online tax preparation and e-filing service. The survey results showed that 654 of those surveyed planned to file their taxes electronically. (Round your answers to the nearest whole number.) (a) Develop a descriptive statistic that can be used to estimate the percentage of all taxpayers who file electronically. % (b) The survey reported that the most frequently used method for preparing the tax return is to hire an accountant or professional tax preparer. If 60% of the people surveyed had their tax return prepared this way, how many people used an accountant or professional tax preparer? (c) Other methods that the person filing the return often used include manual preparation, use of an online tax service, and use of a software tax program. Would the data for the method for preparing the tax return be considered categorical or quantitative? categoricalarrow_forwardIf in a discrete data, 75% of the values are less than 30, then......?arrow_forward
- Mr. William Profit is studying companies going public for the first time. He is particularly interested in the relationship between the size of the offering and the price per share. A sample of 15 companies that recently went public revealed the following information. Size Price Size Price ($ millions), per Share, ($ millions), per Share, Company x y Company x y 1 9.0 10.8 9 160.7 11.3 2 94.4 11.3 10 96.5 10.6 3 27.3 11.2 11 83.0 10.5 4 179.2 11.1 12 23.5 10.3 5 71.9 11.1 13 58.7 10.7 6 97.9 11.2 14 93.8 11.0 7 93.5 11.0 15 34.4 10.8 8 70.0 10.7 Click here for the Excel Data File a. Determine the regression equation. (Round your answers to 4 decimal places.) b-1. State the decision rule for 0.05 significance level: H0: β ≤ 0; H1: β > 0. (Round your answer to 3 decimal places.) b-2. Compute the value of the test statistic. (Round your…arrow_forwardA poll uses responses to several questions to calculate a "Happiness" index that measures overall happiness. An article included the happiness index for the 7 years between 2008 and 2016. Also included in the article were the percentages of people who responded "somewhat agree" or "strongly agree" to the following statements. Statement 1 (happy with life) 1: At this time, I'm generally happy with my life. Statement 2 (won't benefit): I won't get much benefit from the things that I do anytime soon. Year 2008 2009 2010 2011 2013 2015 2016 Happiness Index 32 34 34 36 32 35 30 Happy with Life Statement (percentage somewhat or strongly agree) 78 81 78 83 79 82 82 Won't Benefit Statement (percentage somewhat or strongly agree) 35 39 35 35 43 35 42 (a) Calculate the value of the correlation coefficient for Happiness index and the response to the Happy with life statement. (Round your answer to four decimal places.) (b) Calculate the value of the correlation coefficient for Happiness index and…arrow_forwardA poll uses responses to several questions to calculate a "Happiness" index that measures overall happiness. An article included the happiness index for the 7 years between 2008 and 2016. Also included in the article were the percentages of people who responded "somewhat agree" or "strongly agree" to the following statements. Statement 1 (happy with life) 1: At this time, I'm generally happy with my life. Statement 2 (won't benefit): I won't get much benefit from the things that I do anytime soon. Year HappinessIndex Happy withLife Statement(percentagesomewhat orstrongly agree) Won't BenefitStatement(percentagesomewhat orstrongly agree) 2008 32 78 35 2009 34 81 39 2010 34 78 35 2011 34 81 37 2013 30 77 45 2015 31 78 39 2016 32 84 40 (a) Calculate the value of the correlation coefficient for Happiness index and the response to the Happy with life statement. (Round your answer to four decimal places.) (b) Calculate the value of the correlation coefficient…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License