Basic Business Statistics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780321946393
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
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Chapter 4, Problem 24PS
a.
To determine
Find the
b.
To determine
Find the probability that the professional indicates analysing data is not critical to his or her career given that the professional is staff.
c.
To determine
Find the probability that the professional indicates analysing data is critical to his or her career given that the professional is a manager.
d.
To determine
Find the probability that the professional indicates analysing data is not critical to his or her career given that the professional is a manager.
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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
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0.995
0.99
0.975
0.95
0.90
0.10
0.05
0.025
0.01
0.005
1
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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
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7.779
9.488
11.143
13.277 14.860
5…
The 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.
A 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…
Chapter 4 Solutions
Basic Business Statistics, Student Value Edition (13th Edition)
Ch. 4 - Three coins are tossed. a. Give an example of a...Ch. 4 - An urn contain 12 red balls and 8 white balls. One...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - For each of the following, indicate whether the...Ch. 4 - For each of the following, state whether the...Ch. 4 - Prob. 7PSCh. 4 - Do males or females feel more tense or stressed...Ch. 4 - Prob. 9PSCh. 4 - How will marketers change their social media use...
Ch. 4 - Referring to the contingency table in Problem...Ch. 4 - Prob. 12PSCh. 4 - Prob. 13PSCh. 4 - Prob. 14PSCh. 4 - Each year ratings are compiled concerning the...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - Consider the following contingency table: What is...Ch. 4 - If P(AandB)=0.4andP(B)=0.8,findP(AB).Ch. 4 - Prob. 19PSCh. 4 - ...Ch. 4 - Do males or females feel more tense or stressed...Ch. 4 - Prob. 22PSCh. 4 - Prob. 23PSCh. 4 - Prob. 24PSCh. 4 - Prob. 25PSCh. 4 - Each year, rating are compiled concerning the...Ch. 4 - Prob. 27PSCh. 4 - A standard deck of cards is being used to play a...Ch. 4 - Prob. 29PSCh. 4 - ...Ch. 4 - ...Ch. 4 - In Example 4.10 to suppose that the probability...Ch. 4 - Prob. 33PSCh. 4 - Olive Construction Company is determining whether...Ch. 4 - Prob. 35PSCh. 4 - The editor of a textbook published company is...Ch. 4 - A municipal bond service has three rating...Ch. 4 - If there are 10 multiple-choice question on an...Ch. 4 - A lock on a bank vault consists of three dials,...Ch. 4 - a. If a coin is tossed seven times, how many...Ch. 4 - A particular brand of women’s jeans is available...Ch. 4 - Prob. 42PSCh. 4 - Prob. 43PSCh. 4 - Prob. 44PSCh. 4 - Referring to Problem 4.44 how many different...Ch. 4 - A gardener has six rows available in his vegetable...Ch. 4 - Prob. 47PSCh. 4 - Four member of a group of 10 people are to be...Ch. 4 - A student has seven books that she would like to...Ch. 4 - A daily lottery is conducted in which 2 winning...Ch. 4 - Prob. 51PSCh. 4 - What are the differences between a priori...Ch. 4 - What is the difference between a simple event and...Ch. 4 - How can you use the general addition rule to find...Ch. 4 - What is the difference between mutually exclusive...Ch. 4 - How does conditional probability relate to the...Ch. 4 - How does the multiplication rule differ for events...Ch. 4 - How can you use Bayes theorem in light of new...Ch. 4 - In Bayes’ theorem, how does the prior...Ch. 4 - A survey by the Health Research Institute at...Ch. 4 - SHL Americas provides a unique, global perspective...Ch. 4 - Prob. 62PSCh. 4 - Prob. 63PSCh. 4 - Prob. 64PSCh. 4 - Prob. 65PS
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