Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
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Chapter 3, Problem 25E
To determine
Find the weighted mean hourly wage.
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very time you conduct a hypothesis test, there are four possible outcomes of your decision to reject or not reject the null hypothesis: (1) You don’t reject the null hypothesis when it is true, (2) you reject the null hypothesis when it is true, (3) you don’t reject the null hypothesis when it is false, and (4) you reject the null hypothesis when it is false.
Consider the following analogy: You are an airport security screener. For every passenger who passes through your security checkpoint, you must decide whether to select the passenger for further screening based on your assessment of whether he or she is carrying a weapon. Suppose your null hypothesis is that the passenger has a weapon. As in hypothesis testing, there are four possible outcomes of your decision: (1) You select the passenger for further inspection when the passenger has a weapon, (2) you allow the passenger to board her flight when the passenger has a weapon, (3) you select the passenger for further inspection when…
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Ch 6 Sec 4 Homework
Question 4 of 4 (1 point) | Question Attempt: 2 of Unlimited
✓ 2
✓ 3
= 4
Stress at work: In a poll conducted by the General Social Survey, 81% of respondents said that their jobs were sometimes or always stressful. Two hundred
workers are chosen at random. Use the TI-84 Plus calculator as needed. Round your answer to at least four decimal places.
(a) Approximate the probability that 155 or fewer workers find their jobs stressful.
(b) Approximate the probability that more than 145 workers find their jobs stressful.
(c) Approximate the probability that the number of workers who find their jobs stressful is between 154 and 172 inclusive.
Part 1 of 3
The probability that 155 or fewer workers find their jobs stressful is 0.1207
Part 2 of 3
bility that more than 145 workers find their jobs…
A case-control (or retrospective) study was conducted to investigate a relationship between the colors of helmets worn by motorcycle drivers and whether they are injured or killed in a crash. Results are given in the accompanying table. Using a 0.01
significance level, test the claim that injuries are independent of helmet color.
Color of Helmet
Black
White
Yellow
Red
Blue
Controls (not injured)
499
373
32
159
79
Cases (injured
221
108
8
66
38
or killed)
Click here to view the chi-square distribution table.
Chi-square distribution table
Area to the Right of the Critical Value
Degrees of
Freedom
0.995
0.99
0.975
0.95
0.90
0.10
0.05
0.025
0.01
0.005
C. Ho: Injuries and neimet color are dependent
H₁: Injuries and helmet color are independent
D. Ho: Whether a crash occurs and helmet color are dependent
1
0.001
0.004
0.016
2.706
3.841
5.024
6.635
7.879
2
0.010
0.020
0.051
0.103
0.211
4.605
5.991
7.378
9.210
10.597
3
0.072
0.115
0.216
0.352
0.584
6.251
7.815
9.348
11.345
12.838
4
0.207
0.297…
Chapter 3 Solutions
Statistical Techniques in Business and Economics
Ch. 3 - The annual incomes of a sample of...Ch. 3 - The six students in Computer Science 411 are a...Ch. 3 - Compute the mean of the following population...Ch. 3 - Compute the mean of the following population...Ch. 3 - a. Compute the mean of the following sample...Ch. 3 - a. Compute the mean of the following sample...Ch. 3 - Compute the mean of the following sample values:...Ch. 3 - Suppose you go to the grocery store and spend...Ch. 3 - For Exercises 710, (a) compute the arithmetic mean...Ch. 3 - For Exercises 710, (a) compute the arithmetic mean...
Ch. 3 - For Exercises 710, (a) compute the arithmetic mean...Ch. 3 - Prob. 10ECh. 3 - Prob. 11ECh. 3 - Prob. 12ECh. 3 - Prob. 2.1SRCh. 3 - The number of work stoppages in the automobile...Ch. 3 - Prob. 13ECh. 3 - Prob. 14ECh. 3 - Prob. 15ECh. 3 - Prob. 16ECh. 3 - Prob. 17ECh. 3 - Sally Reynolds sells real estate along the coastal...Ch. 3 - Prob. 19ECh. 3 - Prob. 20ECh. 3 - Prob. 3SRCh. 3 - Prob. 21ECh. 3 - Prob. 22ECh. 3 - Prob. 4SRCh. 3 - Prob. 23ECh. 3 - Prob. 24ECh. 3 - Prob. 25ECh. 3 - Prob. 26ECh. 3 - Prob. 5.1SRCh. 3 - Prob. 5.2SRCh. 3 - Compute the geometric mean of the following...Ch. 3 - Prob. 28ECh. 3 - Listed below is the percent increase in sales for...Ch. 3 - Prob. 30ECh. 3 - Prob. 31ECh. 3 - Prob. 32ECh. 3 - Prob. 33ECh. 3 - Prob. 34ECh. 3 - Prob. 6SRCh. 3 - Prob. 35ECh. 3 - Prob. 36ECh. 3 - Prob. 37ECh. 3 - Prob. 38ECh. 3 - Prob. 39ECh. 3 - Prob. 40ECh. 3 - Prob. 7SRCh. 3 - Prob. 41ECh. 3 - Prob. 42ECh. 3 - Prob. 43ECh. 3 - Prob. 44ECh. 3 - Plywood Inc. reported these returns on stockholder...Ch. 3 - Prob. 46ECh. 3 - Prob. 8SRCh. 3 - Prob. 47ECh. 3 - Prob. 48ECh. 3 - Prob. 49ECh. 3 - Prob. 50ECh. 3 - Prob. 51ECh. 3 - Prob. 52ECh. 3 - Prob. 9SRCh. 3 - Prob. 53ECh. 3 - The mean income of a group of sample observations...Ch. 3 - Prob. 55ECh. 3 - Prob. 56ECh. 3 - Prob. 10SRCh. 3 - Prob. 57ECh. 3 - Prob. 58ECh. 3 - Estimate the mean and the standard deviation of...Ch. 3 - Prob. 60ECh. 3 - The IRS was interested in the number of individual...Ch. 3 - Prob. 62ECh. 3 - Prob. 63CECh. 3 - Prob. 64CECh. 3 - Prob. 65CECh. 3 - Prob. 66CECh. 3 - Prob. 67CECh. 3 - Prob. 68CECh. 3 - Prob. 69CECh. 3 - Prob. 70CECh. 3 - Prob. 71CECh. 3 - Prob. 72CECh. 3 - Prob. 73CECh. 3 - A recent article suggested that, if you earn...Ch. 3 - Prob. 75CECh. 3 - Prob. 76CECh. 3 - Prob. 77CECh. 3 - Prob. 78CECh. 3 - The Apollo space program lasted from 1967 until...Ch. 3 - Prob. 80CECh. 3 - Prob. 81CECh. 3 - The Kentucky Derby is held the first Saturday in...Ch. 3 - Prob. 83CECh. 3 - Prob. 84CECh. 3 - Bidwell Electronics Inc. recently surveyed a...Ch. 3 - Refer to the Real Estate data, which reports...Ch. 3 - Refer to the Baseball 2012 data, which report...Ch. 3 - Refer to the Buena School District bus data....
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- Conduct the hypothesis test and provide the test statistic and the critical value, and state the conclusion. A person drilled a hole in a die and filled it with a lead weight, then proceeded to roll it 200 times. Here are the observed frequencies for the outcomes of 1, 2, 3, 4, 5, and 6, respectively: 28, 32, 46, 39, 29, 26. Use a 0.025 significance level to test the claim that the outcomes are not equally likely. Does it appear that the loaded die behaves differently than a fair die? Click here to view the chi-square distribution table. The test statistic is (Round to three decimal places as needed.) Chi-square distribution table Area to the Right of the Critical Value Degrees of Freedom 0.995 0.99 0.975 0.95 0.90 0.10 0.05 0.025 0.01 0.005 1 0.001 0.004 0.016 2.706 3.841 5.024 6.635 2 0.010 0.020 0.051 0.103 0.211 4.605 5.991 7.378 9.210 7.879 10.597 3 0.072 0.115 0.216 0.352 0.584 6.251 7.815 9.348 11.345 12.838 4 0.207 0.297 0.484 0.711 1.064 7.779 9.488 11.143 13.277 14.860 5…arrow_forwardThe online clothing retailer e-Parel is conducting a study to estimate the average size of the orders placed by visitors to its website. The project manager desires a $60 bound on the error of estimation at 90% confidence. The population standard deviation is unknown, and a “best guess” of $175 is used as the planning value for σ. Use the Distributions tool to help you answer the questions that follow. 0123 Select a Distribution The z-value for a 90% confidence interval of the population mean is . In order to satisfy the requirement of a $60 bound on the error of estimation, a sample size no smaller than is needed.arrow_forwardA local electronics store just received a shipment of 620 HDMI cables. The manager wants to estimate the number of defective HDMI cables in the shipment. Rather than checking every HDMI cable, the manager plans to take a simple random sample of size 62 in order to estimate the proportion of defective HDMI cables in the shipment. If the sample proportion of defective HDMI cables, p̂p̂, is greater than 0.0323 (there are more than two defective HDMI cables in the sample), the manager will file a complaint and request a new shipment. Suppose that the true proportion of defective HDMI cables in the shipment is approximately p = 0.02. What is the expected value of the sample proportion? E(Pˆ)E(P^)= Since the sample is to be drawn from a finite population, and since the sample is 5% of the population size, the finite population correction factor needed when you calculate the standard deviation of the sampling distribution. What is the standard deviation of the…arrow_forward
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