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 58SE
A zoo has categorized its visitors into three categories: member, school, and general. The member category refers to visitors who pay an annual fee to support the zoo. Members receive certain benefits such as discounts on merchandise and trips planned by the zoo. The school category includes faculty and students from day care and elementary and secondary schools; these visitors generally receive a discounted rate. The general category includes all other visitors. The zoo has been concerned about a recent drop in attendance. To help better understand attendance and membership, a zoo staff member has collected the following data:
- a. Construct a bar chart of total attendance over time. Comment on any trend in the data.
- b. Construct a side-by-side bar chart showing attendance by visitor category with year as the variable on the horizontal axis.
- c. Comment on what is happening to zoo attendance based on the charts from parts (a) and (b).
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3. A zoo has categorized its visitors into three categories: member, school, and general.
The member category refers to visitors who pay an annual fee to support the zoo.
Members receive certain benefits such as discounts on merchandise and tips planned by
the zoo. The school category includes faculty and students from day care and
elementary and secondary schools; these visitors generally receive a discounted rate.
The general category includes all other visitors. The zoo has been concerned about a
recent drop in attendance. To help better understand attendance and membership, a
zoo staff member has collected the following data:
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Total
Year 1
Year 2
Year 3
Year 4
153,713
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82,885
79,876
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81,290
352,121
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343,840
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a) Construct a bar chart of total attendance over time. Comment on any trend in the data.
b) Construct a side-by side bar chart showing by visitor category with year…
Reliable Furniture is a family business that has been selling to retail customers in the Oakville area for many years. It advertises extensively on radio and TV, emphasizing their its prices and easy credit terms. The owner would like to review the relationship between sales and the amount spent on advertising. Below is information on sales and advertising expense for the last four months.
Ad Exp.
Sales Rev.
Month
($ in 000)
($ in 000)
July
2
7
August
1
3
September
3
8
October
4
10
a) Determine the regression equation.
b) Interpret the values of a and b.
c) Estimate sales when $3 thousand is spent on advertising. Include the 95% confidence interval for average X
d) Determine the coefficient of correlation.
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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