Statistics for Business & Economics (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
13th Edition
ISBN: 9781305585317
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 22.5, Problem 11E
A drug store chain has stores in four cities: 38 stores in Indianapolis. 45 in Louisville, 80 in St. Louis, and 70 in Memphis. Pharmacy sales in the four cities vary considerably because of the competition. The following sales data (in thousands of dollars) are available from a sample survey. Each of the cities was considered a separate stratum, and a stratified simple random sample was taken.
Indianapolis | Louisville | St. Louts | Memphis |
50.3 | 48.7 | 16.7 | 14.7 |
41.2 | 59.8 | 38.4 | 88.3 |
15.7 | 28.9 | 51.6 | 94.2 |
22.5 | 36.5 | 42.7 | 76.8 |
26.7 | 89.8 | 45.0 | 35.1 |
20.8 | 96.0 | 59.7 | 48.2 |
77.2 | 80.0 | 57.9 | |
81.3 | 27.6 | 18.8 | |
22.0 | |||
74.3 |
- a. Estimate the
mean pharmacy sales for each city (stratum). - b. Develop an approximate 95% confidence interval for the mean pharmacy sales in each city.
- c. Estimate the proportion of stores with sales of $50,000 or more.
- d. Develop an approximate 95% confidence interval for the proportion of stores with sales of $50,000 or more.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionChapter 22 Solutions
Statistics for Business & Economics (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Ch. 22.4 - Simple random sampling was used to obtain a sample...Ch. 22.4 - Prob. 2ECh. 22.4 - Prob. 3ECh. 22.4 - Prob. 4ECh. 22.4 - Prob. 5ECh. 22.4 - Prob. 6ECh. 22.5 - A stratified simple random sample was taken with...Ch. 22.5 - Prob. 8ECh. 22.5 - Prob. 9ECh. 22.5 - Prob. 10E
Ch. 22.5 - A drug store chain has stores in four cities: 38...Ch. 22.5 - Prob. 12ECh. 22.5 - Prob. 13ECh. 22.6 - A sample of four clusters is to be taken from a...Ch. 22.6 - A sample of six clusters is to be taken from a...Ch. 22.6 - Prob. 16ECh. 22.6 - Prob. 17ECh. 22 - To assess consumer acceptance of a new series of...Ch. 22 - Prob. 19SECh. 22 - A quality of life survey was conducted with...Ch. 22 - A U.S. Senate Judiciary Committee report showed...Ch. 22 - Refer again to the data in exercise 21. a. Develop...Ch. 22 - Prob. 23SECh. 22 - Prob. 24SE
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
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
- 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
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License