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
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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.
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Teenage obesity (O), and weekly fast-food meals (F), among some selected Mississippi teenagers are:
Name Obesity (lbs) # of Fast-foods per week
Josh
185
10
Karl
172
8
Terry
168
9
Kamie
Andy
204
154
12
6
(a) Compute the variance of Obesity, s²o, and the variance of fast-food meals, s², of this data. [Must show full work].
(b) Compute the Correlation Coefficient between O and F. [Must show full work].
(c) Find the Coefficient of Determination between O and F. [Must show full work].
(d) Obtain the Regression equation of this data. [Must show full work].
(e) Interpret your answers in (b), (c), and (d). (Full explanations required).
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The average miles per gallon for a sample of 40 cars of model SX last year was 32.1, with a population standard deviation of 3.8. A sample of 40 cars from this year’s model SX has an average of 35.2 mpg, with a population standard deviation of 5.4.
Find a 99 percent confidence interval for the difference in average mpg for this car brand (this year’s model minus last year’s).Find a 99 percent confidence interval for the difference in average mpg for last year’s model minus this year’s. What does the negative difference mean?
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...
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