MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th
8th Edition
ISBN: 9781337114288
Author: Anderson, David R.; Sweeney, Dennis J.; Williams, Thomas A.; Camm, Jeffrey D.; Cochran, James J.
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 3.4, Problem 51E
Annual sales, in millions of dollars, for 21 pharmaceutical companies follow.
- a. Provide a five-number summary.
- b. Compute the lower and upper limits.
- c. Do the data contain any outliers?
- d. Johnson & Johnson’s sales are the largest on the list at $14,138 million. Suppose a data entry error (a transposition) had been made and the sales had been entered as $41,138 million. Would the method of detecting outliers in part (c) identify this problem and allow for correction of the data entry error?
- e. Show a boxplot.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Question 2
A nickel-titanium alloy is used to make components for jet turbine aircraft engines. Cracking is a potentially
serious problem in the final part because it can lead to nonrecoverable failure. A test is run at the parts producer
to determine the effect of four factors on cracks. The four factors are: pouring temperature (A), titanium content
(B), heat treatment method (C), amount of grain refiner used (D). Two replicates of a 24 design are run, and
the length of crack (in mm x10-2) induced in a sample coupon subjected to a standard test is measured. The
data are shown in Table 2.
1
(a) Estimate the factor effects. Which factor effects appear to be large?
(b) Conduct an analysis of variance. Do any of the factors affect cracking? Use a = 0.05.
(c) Write down a regression model that can be used to predict crack length as a function of the significant
main effects and interactions you have identified in part (b).
(d) Analyze the residuals from this experiment.
(e) Is there an…
A 24-1 design has been used to investigate the effect of four factors on the resistivity of a silicon wafer. The data
from this experiment are shown in Table 4.
Table 4: Resistivity Experiment for Exercise 5
Run
A
B
с
D
Resistivity
1
23
2
3
4
5
6
7
8
9
10
11
12
I+I+I+I+Oooo
0
0
||++TI++o000
33.2
4.6
31.2
9.6
40.6
162.4
39.4
158.6
63.4
62.6
58.7
0
0
60.9
3
(a) Estimate the factor effects. Plot the effect estimates on a normal probability scale.
(b) Identify a tentative model for this process. Fit the model and test for curvature.
(c) Plot the residuals from the model in part (b) versus the predicted resistivity. Is there any indication on
this plot of model inadequacy?
(d) Construct a normal probability plot of the residuals. Is there any reason to doubt the validity of the
normality assumption?
Stem1: 1,4
Stem 2: 2,4,8
Stem3: 2,4
Stem4: 0,1,6,8
Stem5: 0,1,2,3,9
Stem 6: 2,2
What’s the Min,Q1, Med,Q3,Max?
Chapter 3 Solutions
MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th
Ch. 3.1 - Consider a sample with data values of 10, 20, 12,...Ch. 3.1 - Consider a sample with data values of 10, 20, 21,...Ch. 3.1 - Consider the following data and corresponding...Ch. 3.1 - Consider the following data.
What is the mean...Ch. 3.1 - Consider a sample with data values of 27, 25, 20,...Ch. 3.1 - Consider a sample with data values of 53, 55, 70,...Ch. 3.1 - The average number of minutes Americans commute to...Ch. 3.1 - Prob. 8ECh. 3.1 - Advertising Spending. Which companies spend the...Ch. 3.1 - Over a nine-month period, OutdoorGearLab tested...
Ch. 3.1 - According to the National Education Association...Ch. 3.1 - The Big Bang Theory, a situation comedy featuring...Ch. 3.1 - Automobile Fuel Efficiencies. In automobile...Ch. 3.1 - The data contained in the file named StateUnemp...Ch. 3.1 - Motor Oil Prices. Martinez Auto Supplies has...Ch. 3.1 - Calculating Grade Point Averages. The grade point...Ch. 3.1 - The following table shows the total return and the...Ch. 3.1 - Business School Ranking. Based on a survey of...Ch. 3.1 - Annual revenue for Corning Supplies grew by 5.5%...Ch. 3.1 - Prob. 20ECh. 3.1 - If an asset declines in value from $5000 to $3500...Ch. 3.1 - The current value of a company is 25 million. If...Ch. 3.2 - Consider a sample with data values of 10, 20, 12,...Ch. 3.2 - Consider a sample with data values of 10, 20, 12,...Ch. 3.2 - Consider a sample with data values of 27, 25, 20,...Ch. 3.2 - Price of Unleaded Gasoline. Data collected by the...Ch. 3.2 - The results of a search to find the least...Ch. 3.2 - The Australian Open is the first of the four Grand...Ch. 3.2 - Air Quality Index. The Los Angeles Times regularly...Ch. 3.2 - Prob. 30ECh. 3.2 - The results of Accounting Principals’ latest...Ch. 3.2 - Advertising Spend by Companies. Advertising Age...Ch. 3.2 - Scores turned in by an amateur golfer at the...Ch. 3.2 - Consistency of Running Times. The following times...Ch. 3.3 - Consider a sample with data values of 10, 20, 12,...Ch. 3.3 - Prob. 36ECh. 3.3 - Consider a sample with a mean of 30 and a standard...Ch. 3.3 - Suppose the data have a bell-shaped distribution...Ch. 3.3 - The results of a national survey showed that on...Ch. 3.3 - The Energy Information Administration reported...Ch. 3.3 - GMAT Exam Scores. The Graduate Management...Ch. 3.3 - Many families in California are using backyard...Ch. 3.3 - Prob. 43ECh. 3.3 - NCAA Basketball Game Scores. A sample of 10 NCAA...Ch. 3.3 - Prob. 45ECh. 3.4 - Consider a sample with data values of 27, 25, 20,...Ch. 3.4 - Show the boxplot for the data in exercise 46. 46....Ch. 3.4 - Prob. 48ECh. 3.4 - Prob. 49ECh. 3.4 - Naples Half-Marathon Times. Naples, Florida, hosts...Ch. 3.4 - Annual sales, in millions of dollars, for 21...Ch. 3.4 - Cell Phone Companies Customer Satisfaction....Ch. 3.4 - Most Admired Companies. Fortune magazines list of...Ch. 3.4 - U.S. Border Crossings. The Bureau of...Ch. 3.5 - Five observations taken for two variables follow....Ch. 3.5 - Five observations taken for two variables follow....Ch. 3.5 - Ten major college football bowl games were played...Ch. 3.5 - Driving Speed and Fuel Efficiency. A department of...Ch. 3.5 - Smoke Detector Use and Death Rates. Over the past...Ch. 3.5 - Stock Market Indexes Comparison. The Russell 1000...Ch. 3.5 - Best Private Colleges. A random sample of 30...Ch. 3 - Prob. 62SECh. 3 - USA Today reports that NCAA colleges and...Ch. 3 - Physician Office Waiting Times. The average...Ch. 3 - Worker Productivity and Insomnia. U.S. companies...Ch. 3 - A study of smartphone users shows that 68% of...Ch. 3 - Prob. 67SECh. 3 - Prob. 68SECh. 3 - Prob. 69SECh. 3 - Best Hotels. Travel + Leisure magazine provides an...Ch. 3 - Prob. 71SECh. 3 - MLB Team Winning Percentages. Does a major league...Ch. 3 - Money Market Funds Days to Maturity. The days to...Ch. 3 - Automobile Speeds. Automobiles traveling on a road...Ch. 3 - Annual Returns for Panama Railroad Company Stock....Ch. 3 - Pelican Stores, a division of National Clothing,...Ch. 3 - The motion picture industry is a competitive...Ch. 3 - The pursuit of a higher education degree in...Ch. 3 - Although millions of elephants once roamed across...
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
- Are the t-statistics here greater than 1.96? What do you conclude? colgPA= 1.39+0.412 hsGPA (.33) (0.094) Find the P valuearrow_forwardA poll before the elections showed that in a given sample 79% of people vote for candidate C. How many people should be interviewed so that the pollsters can be 99% sure that from 75% to 83% of the population will vote for candidate C? Round your answer to the whole number.arrow_forwardSuppose a random sample of 459 married couples found that 307 had two or more personality preferences in common. In another random sample of 471 married couples, it was found that only 31 had no preferences in common. Let p1 be the population proportion of all married couples who have two or more personality preferences in common. Let p2 be the population proportion of all married couples who have no personality preferences in common. Find a95% confidence interval for . Round your answer to three decimal places.arrow_forward
- A history teacher interviewed a random sample of 80 students about their preferences in learning activities outside of school and whether they are considering watching a historical movie at the cinema. 69 answered that they would like to go to the cinema. Let p represent the proportion of students who want to watch a historical movie. Determine the maximal margin of error. Use α = 0.05. Round your answer to three decimal places. arrow_forwardA random sample of medical files is used to estimate the proportion p of all people who have blood type B. If you have no preliminary estimate for p, how many medical files should you include in a random sample in order to be 99% sure that the point estimate will be within a distance of 0.07 from p? Round your answer to the next higher whole number.arrow_forwardA clinical study is designed to assess the average length of hospital stay of patients who underwent surgery. A preliminary study of a random sample of 70 surgery patients’ records showed that the standard deviation of the lengths of stay of all surgery patients is 7.5 days. How large should a sample to estimate the desired mean to within 1 day at 95% confidence? Round your answer to the whole number.arrow_forward
- A clinical study is designed to assess the average length of hospital stay of patients who underwent surgery. A preliminary study of a random sample of 70 surgery patients’ records showed that the standard deviation of the lengths of stay of all surgery patients is 7.5 days. How large should a sample to estimate the desired mean to within 1 day at 95% confidence? Round your answer to the whole number.arrow_forwardIn the experiment a sample of subjects is drawn of people who have an elbow surgery. Each of the people included in the sample was interviewed about their health status and measurements were taken before and after surgery. Are the measurements before and after the operation independent or dependent samples?arrow_forwardiid 1. The CLT provides an approximate sampling distribution for the arithmetic average Ỹ of a random sample Y₁, . . ., Yn f(y). The parameters of the approximate sampling distribution depend on the mean and variance of the underlying random variables (i.e., the population mean and variance). The approximation can be written to emphasize this, using the expec- tation and variance of one of the random variables in the sample instead of the parameters μ, 02: YNEY, · (1 (EY,, varyi n For the following population distributions f, write the approximate distribution of the sample mean. (a) Exponential with rate ẞ: f(y) = ß exp{−ßy} 1 (b) Chi-square with degrees of freedom: f(y) = ( 4 ) 2 y = exp { — ½/ } г( (c) Poisson with rate λ: P(Y = y) = exp(-\} > y! y²arrow_forward
- 2. Let Y₁,……., Y be a random sample with common mean μ and common variance σ². Use the CLT to write an expression approximating the CDF P(Ỹ ≤ x) in terms of µ, σ² and n, and the standard normal CDF Fz(·).arrow_forwardmatharrow_forwardCompute the median of the following data. 32, 41, 36, 42, 29, 30, 40, 22, 25, 37arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
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