
Elementary Statistics: Picturing the World (7th Edition)
7th Edition
ISBN: 9780134683416
Author: Ron Larson, Betsy Farber
Publisher: PEARSON
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Question
Chapter 4, Problem 4.3.24RE
a.
To determine
To find: The
To determine: Whether the
b.
To determine
To find: The probability of scoring the first goal in the second game of the season.
To determine: Whether the event is unusual.
c.
To determine
To find: The probability of scoring the first goal at most in first three games of the season.
To determine: Whether the event is unusual.
d.
To determine
To find: The probability of scoring the first goal not scored within the first three games of the season.
To determine: Whether the event is unusual.
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ons
12. A sociologist hypothesizes that the crime rate is higher in areas
with higher poverty rate and lower median income. She col-
lects data on the crime rate (crimes per 100,000 residents),
the poverty rate (in %), and the median income (in $1,000s)
from 41 New England cities. A portion of the regression results
is shown in the following table.
Standard
Coefficients
error
t stat
p-value
Intercept
-301.62
549.71
-0.55 0.5864
Poverty
53.16
14.22
3.74 0.0006
Income
4.95
8.26
0.60 0.5526
a.
b.
Are the signs as expected on the slope coefficients?
Predict the crime rate in an area with a poverty rate of
20% and a median income of $50,000.
3. Using data from 50 work
2. The owner of several used-car dealerships believes that the
selling price of a used car can best be predicted using the car's
age. He uses data on the recent selling price (in $) and age of
20 used sedans to estimate Price = Po + B₁Age + ε. A portion
of the regression results is shown in the accompanying table.
Standard
Coefficients
Intercept
21187.94
Error
733.42
t Stat p-value
28.89 1.56E-16
Age
-1208.25
128.95 -9.37
2.41E-08
a. What is the estimate for B₁? Interpret this value.
b. What is the sample regression equation?
C. Predict the selling price of a 5-year-old sedan.
ian income of $50,000.
erty rate of
13. Using data from 50 workers, a researcher estimates Wage =
Bo+B,Education + B₂Experience + B3Age+e, where Wage
is the hourly wage rate and Education, Experience, and Age
are the years of higher education, the years of experience, and
the age of the worker, respectively. A portion of the regression
results is shown in the following table. ni ogolloo bash
1
Standard
Coefficients error
t stat p-value
Intercept
7.87
4.09
1.93
0.0603
Education
1.44
0.34
4.24 0.0001
Experience
0.45
0.14
3.16
0.0028
Age
-0.01
0.08 -0.14 0.8920
a. Interpret the estimated coefficients for Education and
Experience.
b. Predict the hourly wage rate for a 30-year-old worker
with four years of higher education and three years of
experience.
Chapter 4 Solutions
Elementary Statistics: Picturing the World (7th Edition)
Ch. 4.1 - Determine whether each random variable x is...Ch. 4.1 - A company tracks the number of sales new employees...Ch. 4.1 - Verify that the distribution you constructed in...Ch. 4.1 - Determine whether each distribution is a...Ch. 4.1 - Find the mean of the probability distribution you...Ch. 4.1 - Find the variance and standard deviation of the...Ch. 4.1 - At a raffle, 2000 tickets are sold at 5 each for...Ch. 4.1 - What is a random variable? Give an example of a...Ch. 4.1 - What is a discrete probability distribution? What...Ch. 4.1 - Is the expected value of the probability...
Ch. 4.1 - What does the mean of a probability distribution...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - True or False? In Exercises 58, determine whether...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Graphical Analysis In Exercises 912, determine...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Discrete Variables and Continuous Variables In...Ch. 4.1 - Constructing and Graphing Discrete Probability...Ch. 4.1 - Constructing and Graphing Discrete Probability...Ch. 4.1 - Finding Probabilities Use the probability...Ch. 4.1 - Finding Probabilities Use the probability...Ch. 4.1 - Unusual Events In Exercise 19, would it be unusual...Ch. 4.1 - Unusual Events In Exercise 20, would it be unusual...Ch. 4.1 - Determining a Missing Probability In Exercises 25...Ch. 4.1 - Determining a Missing Probability In Exercises 25...Ch. 4.1 - Identifying Probability Distributions In Exercises...Ch. 4.1 - Identifying Probability Distributions In Exercises...Ch. 4.1 - Finding the Mean, Variance, and Standard Deviation...Ch. 4.1 - Baseball The number of games played in each World...Ch. 4.1 - Finding the Mean, Variance, and Standard Deviation...Ch. 4.1 - Finding the Mean, Variance, and Standard Deviation...Ch. 4.1 - Hurricanes The histogram shows the distribution of...Ch. 4.1 - Reviewer Ratings The histogram shows the reviewer...Ch. 4.1 - Writing The expected value of an accountants...Ch. 4.1 - Writing In a game of chance, what is the...Ch. 4.1 - Finding an Expected Value In Exercises 37and 38,...Ch. 4.1 - A high school basketball team is selling 10 raffle...Ch. 4.1 - Linear Transformation of a Random Variable In...Ch. 4.1 - Prob. 40ECh. 4.1 - What is the average sum of their scores? 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A lab worker tells you that...Ch. 4 - In Exercises 17, consider a grocery store that can...Ch. 4 - In Exercises 17, consider a grocery store that can...Ch. 4 - Prob. 3TCh. 4 - Prob. 4TCh. 4 - Prob. 5TCh. 4 - In Exercises 17, consider a grocery store that can...Ch. 4 - In Exercises 17, consider a grocery store that can...
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