Applied Statistics in Business and Economics
Applied Statistics in Business and Economics
5th Edition
ISBN: 9780077837303
Author: David Doane, Lori Seward Senior Instructor of Operations Management
Publisher: McGraw-Hill Education
bartleby

Concept explainers

bartleby

Videos

Question
Book Icon
Chapter 2, Problem 69CE

a.

To determine

Obtain a sample of 10 pages from this textbook by using simple random sampling.

a.

Expert Solution
Check Mark

Answer to Problem 69CE

The sample of 10 pages obtained from this textbook by using simple random sampling consists of the pages serial numbered as follows:

58655998206375
7312726310843

Explanation of Solution

Calculation:

Answers may vary. One of the possible answers is given below:

This textbook is considered as the population. The total number of pages in this textbook is 865 (from cover to cover).

Assign serial numbers 1 to 865 to the pages, starting with 1 for the first cover page and proceeding thereafter.

Simple random sampling:

Simple random sampling is defined as a method of sampling in which, a sample of size n is drawn from a population of size N by using a random method, such as a random number table or software such as EXCEL, MINITAB, etc. to ensure that each of the N population units has the same probability of being selected in each draw. The simple random sampling gives a sample that is representative of the population.

EXCEL Procedure:

Step by step procedure to obtain a simple random sample by using EXCEL is given below:

  • Enter =RANDBETWEEN(1,865) in cells A1:A10 to obtain 10 random numbers lying between 1 and 865.
  • Repeat the procedure till 10 unique random numbers are obtained.

Output using EXCEL is given below:

Applied Statistics in Business and Economics, Chapter 2, Problem 69CE , additional homework tip  1

Hence, the sample of 10 pages obtained from this textbook by using simple random sampling consists of the pages serial numbered as follows:

58655998206375
7312726310843

b.

To determine

Obtain a sample of 10 pages from this textbook by using systematic sampling.

b.

Expert Solution
Check Mark

Answer to Problem 69CE

The sample of 10 pages obtained from this textbook by using systematic sampling consists of the pages serial numbered as follows:

82168254340426
512598684770856

Explanation of Solution

Calculation:

Answers may vary. One of the possible answers is given below:

Systematic sampling:

Systematic sampling is defined as a method of sampling in which, at first, an entity is chosen from the first k entities in the list, followed by choosing every kth entity thereafter, till the desired sample size is obtained. It is a random sampling method.

For a population size N and sample size n, kNn.

Here, N=865, n=10. Thus,

Nn=86510=86.5k86.

EXCEL Procedure:

Step by step procedure to obtain a systematic sample by using EXCEL is given below:

  • Enter =RANDBETWEEN(1,86) in cell A1 to obtain 1 random number lying between 1 and 86.

Output using EXCEL is given below:

Applied Statistics in Business and Economics, Chapter 2, Problem 69CE , additional homework tip  2

Denote r1=82. Add 86 successively to this random number r1, till 10 distinct numbers are obtained.

Here, ri=ri1+86, i=2,3,...,10. The calculations are shown in the following table:

ri=ri1+86
82
168
254
340
426
512
598
684
770
856

Hence, the sample of 10 pages obtained from this textbook by using systematic sampling consists of the pages serial numbered as follows:

82168254340426
512598684770856

c.

To determine

Obtain a sample of 10 pages from this textbook by using cluster sampling.

c.

Expert Solution
Check Mark

Answer to Problem 69CE

The sample of 10 pages obtained from this textbook by using cluster sampling consists of the pages serial numbered as follows:

141142143144145
146147148149150

Explanation of Solution

Calculation:

Answers may vary. One of the possible answers is given below:

Cluster sampling:

Cluster sampling is defined as a method of sampling in which, at first, the entire population is divided into heterogeneous subgroups, especially by geographic areas called cluster, then desired number of clusters are selected from all the clusters, usually by simple random sampling. Each cluster is expected to be representative of the population.

Divide the book into clusters of 10 consecutive pages, starting from the first page. There are 865 pages. Thus, the total number of clusters would be as follows:

  • 86 clusters of 10 pages each.
  • 1 cluster of 5 pages.

Assign serial numbers 1 to 87 to the 87 clusters. Randomly select 1 cluster and consider all the pages in that cluster as the sample.

EXCEL Procedure:

Step by step procedure to obtain a cluster sample by using EXCEL is given below:

Step by step procedure to obtain a systematic sample by using EXCEL is given below:

  • Enter =RANDBETWEEN(1,87) in cell A1 to obtain 1 random number lying between 1 and 87.

Output using EXCEL is given below:

Applied Statistics in Business and Economics, Chapter 2, Problem 69CE , additional homework tip  3

Thus, the 15th cluster is selected.

Now,

The 1st cluster has page numbers 1 to 10.

The 2nd cluster has page numbers 11 to 20.

Proceeding in this manner,

The 86th cluster has page numbers 851 to 860.

The 87th cluster has page numbers 861 to 865.

The pattern above ensures that the ith cluster must have page numbers (10i – 9) to 10i for i=1,2,...,86.

For the 15th cluster, i=15. Thus,

10i=10×15=150.

10i9=1509=141.

Hence, the sample of 10 pages obtained from this textbook by using cluster sampling consists of the pages serial numbered as follows:

141142143144145
146147148149150

d.

To determine

Obtain a sample of 10 pages from this textbook by using judgment sampling.

d.

Expert Solution
Check Mark

Answer to Problem 69CE

The sample of 10 pages obtained from this textbook by using judgment sampling consists of the pages serial numbered as follows:

294983195277
361463571675720

Explanation of Solution

Calculation:

Answers may vary. One of the possible answers is given below:

Judgment sampling:

Judgment sampling is defined as a method of sampling that depends upon the expertise of the researcher to identify sample units that would represent the population, rather than on random sampling methods. It is a non-random sampling method.

It is considered to be a good judgment that in this particular case that the third page of each of chapters 1, 2, 3, 5, 7, 9, 11, 13, 15 and 17 would be a good representative of all the pages.

The chapters and the page number of their corresponding third pages are given below by a proper inspection of the table:

Chapter numberThird page number
129
249
383
5195
7277
9361
11463
13571
15675
17720

Note that the page numbers here are not the number marked at the top of the page, but the actual page number of the entire pdf.

Hence, the sample of 10 pages obtained from this textbook by using judgment sampling consists of the pages serial numbered as follows:

294983195277
361463571675720

e.

To determine

Recommend a method to estimate the mean number of formulas per page.

e.

Expert Solution
Check Mark

Answer to Problem 69CE

The method of simple random sampling may be recommended to estimate the mean number of formulas per page.

Explanation of Solution

Answers may vary. One of the possible answers is given below:

Simple random sampling provides a sample that is more-or-less representative of the population. In order to estimate the mean number of formulas per page, one would prefer that the sample represents the population well enough to ensure a reasonable estimate for the whole textbook.

Thus, the method of simple random sampling may be recommended to estimate the mean number of formulas per page.

In case of systematic sampling, there may be some periodicity observed based on the nature of the contents of each chapter, depending upon the random start. The same pattern of too few formulas or too many formulas may be observed in systematic sampling. Such a periodicity is not desirable. Thus, systematic sampling is not used in this case.

Cluster sampling can be useful when the population itself forms heterogeneous clusters naturally, especially in case of geographical regions. Here, although the population forms natural heterogeneous subgroups of chapters, each of those subgroups contains more than 10 pages. Now, in case of cluster sampling, the randomly selected cluster is considered entirely into the sample. In this case, it is not possible. Thus, cluster sampling is not used in this case.

Judgment sampling is non-random sampling methods. Now, it is known that a random sampling method is more likely to yield a well-representative sample than non-random sampling methods. As a result, the use of judgment sampling is usually avoided, unless it is absolutely impossible or unreasonable to use random sampling methods. Here, it is not impossible to use random sampling. Thus, judgment sampling is not used in this case.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
An Arts group holds a raffle.  Each raffle ticket costs $2 and the raffle consists of 2500 tickets.  The prize is a vacation worth $3,000.    a. Determine your expected value if you buy one ticket.     b. Determine your expected value if you buy five tickets.     How much will the Arts group gain or lose if they sell all the tickets?
Please show as much work as possible to clearly show the steps you used to find each solution. If you plan to use a calculator, please be sure to clearly indicate your strategy.        Consider the following game.  It costs $3 each time you roll a six-sided number cube.  If you roll a 6 you win $15.  If you roll any other number, you receive nothing.   a) Find the expected value of the game.         b) If you play this game many times, will you expect to gain or lose money?
= 12:02 WeBWorK / 2024 Fall Rafeek MTH23 D02 / 9.2 Testing the Mean mu / 3 38 WEBWORK Previous Problem Problem List Next Problem 9.2 Testing the Mean mu: Problem 3 (1 point) Test the claim that the population of sophomore college students has a mean grade point average greater than 2.2. Sample statistics include n = 71, x = 2.44, and s = 0.9. Use a significance level of a = 0.01. The test statistic is The P-Value is between : The final conclusion is < P-value < A. There is sufficient evidence to support the claim that the mean grade point average is greater than 2.2. ○ B. There is not sufficient evidence to support the claim that the mean grade point average is greater than 2.2. Note: You can earn partial credit on this problem. Note: You are in the Reduced Scoring Period. All work counts for 50% of the original. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. . Oli wwm01.bcc.cuny.edu

Chapter 2 Solutions

Applied Statistics in Business and Economics

Ch. 2.2 - Which measurement level (nominal, ordinal,...Ch. 2.2 - Which measurement level (nominal, ordinal,...Ch. 2.2 - Vail Resorts uses various types of scales and...Ch. 2.2 - (a) Would the measurement level for the data...Ch. 2.3 - Would you use a sample or a census to measure each...Ch. 2.3 - Would you use a sample or a census to measure each...Ch. 2.3 - The target population is all stocks in the SP 500...Ch. 2.4 - The target population is all students in your...Ch. 2.4 - Prob. 19SECh. 2.4 - Suppose you want to study the number of e-mail...Ch. 2.4 - In Excel, type a list containing names for 10 of...Ch. 2.6 - What sources of error might you encounter if you...Ch. 2.6 - What kind of survey (mail, telephone, interview,...Ch. 2.6 - What kind of survey (mail, telephone, interview,...Ch. 2.6 - Prob. 27SECh. 2.6 - What problems are evident in the wording of these...Ch. 2 - Define (a) data, (b) data set (c) observation, and...Ch. 2 - How do business data differ from scientific...Ch. 2 - Distinguish (a) univariate, bivariate, and...Ch. 2 - Define the four measurement levels and give an...Ch. 2 - Prob. 5CRCh. 2 - (a) List three reasons why a census might be...Ch. 2 - Prob. 7CRCh. 2 - (a) List four methods of random sampling. (b) List...Ch. 2 - List five (a) steps in a survey, (b) issues in...Ch. 2 - Prob. 10CRCh. 2 - Prob. 29CECh. 2 - Prob. 30CECh. 2 - Prob. 31CECh. 2 - Which measurement level (nominal, ordinal,...Ch. 2 - Below are five questions from a survey of MBA...Ch. 2 - Below are five questions from a survey of MBA...Ch. 2 - Below are five questions from a survey of MBA...Ch. 2 - Prob. 36CECh. 2 - Identify the following data as either time series...Ch. 2 - Would you use a sample or a census to measure each...Ch. 2 - Would you use a sample or census to measure each...Ch. 2 - Is each of the following a parameter or a...Ch. 2 - Prob. 41CECh. 2 - Prob. 42CECh. 2 - Prob. 43CECh. 2 - Prob. 44CECh. 2 - The IRS estimates that the average taxpayer spent...Ch. 2 - The General Accounting Office conducted random...Ch. 2 - Arsenic (a naturally occurring, poisonous metal)...Ch. 2 - Prob. 48CECh. 2 - Would you expect Noodles Company to use a sample...Ch. 2 - Prob. 50CECh. 2 - Examine each of the following statistics. Which...Ch. 2 - The National Claims History (NCH) contains records...Ch. 2 - Prior to starting a recycling program, a city...Ch. 2 - A university wanted to survey alumni about their...Ch. 2 - To protect baby scallops and ensure the survival...Ch. 2 - Prob. 56CECh. 2 - Households can sign up for a telemarketing no-call...Ch. 2 - What level of measurement (nominal, ordinal,...Ch. 2 - Insurance companies are rated by several rating...Ch. 2 - A tabletop survey by a restaurant asked the...Ch. 2 - Give two original examples of (a) discrete data...Ch. 2 - Prob. 64CECh. 2 - Below are 64 names of employees at NilCo. Colors...Ch. 2 - From the display below, pick five cards (without...Ch. 2 - Prob. 69CECh. 2 - You can test Excels algorithm for selecting random...
Knowledge Booster
Background pattern image
Statistics
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
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman
Statistics 4.1 Point Estimators; Author: Dr. Jack L. Jackson II;https://www.youtube.com/watch?v=2MrI0J8XCEE;License: Standard YouTube License, CC-BY
Statistics 101: Point Estimators; Author: Brandon Foltz;https://www.youtube.com/watch?v=4v41z3HwLaM;License: Standard YouTube License, CC-BY
Central limit theorem; Author: 365 Data Science;https://www.youtube.com/watch?v=b5xQmk9veZ4;License: Standard YouTube License, CC-BY
Point Estimate Definition & Example; Author: Prof. Essa;https://www.youtube.com/watch?v=OTVwtvQmSn0;License: Standard Youtube License
Point Estimation; Author: Vamsidhar Ambatipudi;https://www.youtube.com/watch?v=flqhlM2bZWc;License: Standard Youtube License