Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Chapter 4.1, Problem 12PB
Poker as a profession? Tony’s mother is extremely proud that her son will graduate college in a few months. She expresses concern, however, when Tony tells her that following graduation, he plans to move to Las Vegas to become a professional poker player. He mentions that his friend Nick did so and is now earning more than a million dollars per year. Should Tony’s anecdotal evidence about Nick soothe his mother’s concern?
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$26,500
to the policy holder. Executives at Avicenna are considering offering these policies for
$497
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2%
chance they will experience property damage in the next five years and a
98%
chance they will not.(If necessary, consult a list of formulas.)
If the executives at Avicenna know that they will sell many of these policies, should they expect to make or lose money from offering them? How much?
To answer, take into account the price of the policy and the expected value of the amount paid out to the holder.
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Opinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee company keeps offering the PFC earlier and earlier every year. According to a magazine, the amount spent by PFC buyers at the coffee company is about 17% higher than non-PFC buyers. The accompanying table shows a random sample of eight consumers, the amount they spend per week, y, and the number of PFCs purchased, x, per week.
PFC
Spending
1
13.17
8
38.65
3
19.49
2
9.56
4
15.85
1
21.82
5
37.53
3
13.69
α=0.05
t= 3.07
p-value= 0.022
Construct a 95% confidence interval for the population slope.
UCL
=
6.69
LCL
=
0.75
What conclusions about PFC purchases and spending can be drawn from these…
Chapter 4 Solutions
Statistics: The Art and Science of Learning from Data (4th Edition)
Ch. 4.1 - Cell phones Consider the cell phone Study 3...Ch. 4.1 - High blood pressure and binge drinking Many...Ch. 4.1 - Low-fat versus low-carb diet? One hundred...Ch. 4.1 - Experiments versus observational studies When...Ch. 4.1 - School testing for drugs Example 3 discussed a...Ch. 4.1 - Hormone therapy and heart disease Since 1976 the...Ch. 4.1 - Speaking foreign languages A 2014 study...Ch. 4.1 - Breast-cancer screening A study published in 2010...Ch. 4.1 - Experiment or observe? Explain whether an...Ch. 4.1 - Baseball under a full moon During a baseball game...
Ch. 4.1 - Seat belt anecdote Andy once heard about a car...Ch. 4.1 - Poker as a profession? Tonys mother is extremely...Ch. 4.1 - Whats more to blame for obesity? In a study...Ch. 4.1 - Census every 10 years? A nationwide census is...Ch. 4.2 - Choosing officers A campus club consists of five...Ch. 4.2 - Simple random sample of students In Example 4, a...Ch. 4.2 - Auditing accountsapp Use an app or computer...Ch. 4.2 - Sampling from a directory A local telephone...Ch. 4.2 - Bias due to perceived race A political scientist...Ch. 4.2 - Confederates Some southern states in the United...Ch. 4.2 - Instructor ratings The website...Ch. 4.2 - Job trends The 20132014 Recruiting Trends report,...Ch. 4.2 - Gun control More than 75% of Americans answer yes...Ch. 4.2 - Violent video games and family closeness A recent...Ch. 4.2 - Fracking The journal Energy Policy (2014, 65:...Ch. 4.2 - Teens buying alcohol over Internet In August 2006,...Ch. 4.2 - Cheating spouses and bias In a survey conducted by...Ch. 4.2 - Online dating A story titled Personals, Sex Sites...Ch. 4.2 - Identify the bias A newspaper designs a survey to...Ch. 4.2 - Types of bias Give an example of a survey that...Ch. 4.3 - Smoking affects lung cancer? You would like to...Ch. 4.3 - Never leave home without duct tape There have been...Ch. 4.3 - More duct tape In a follow-up study, 103 patients...Ch. 4.3 - Vitamin B A New York Times article (March 13,...Ch. 4.3 - Facebook study During the one-week period of...Ch. 4.3 - Science faculty selection of grad students In an...Ch. 4.3 - Pain reduction medication Consider an experiment...Ch. 4.3 - Pain reduction medication, continued Consider the...Ch. 4.3 - Pain reduction medication, yet again Revisit the...Ch. 4.3 - Colds and vitamin C For some time there has been...Ch. 4.3 - Reducing high blood pressure A pharmaceutical...Ch. 4.4 - Student loan debt A researcher wants to compare...Ch. 4.4 - Club officers again In Exercise 4.15, two officers...Ch. 4.4 - Security awareness training Of 400 employees at a...Ch. 4.4 - Prob. 45PBCh. 4.4 - Prob. 46PBCh. 4.4 - Prob. 47PBCh. 4.4 - Prob. 48PBCh. 4.4 - Prob. 49PBCh. 4.4 - Prob. 50PBCh. 4.4 - Prob. 51PBCh. 4.4 - Prob. 52PBCh. 4.4 - Effect of partner smoking in smoking cessation...Ch. 4 - Cell phones If you want to conduct a study with...Ch. 4 - Observational versus experimental study Without...Ch. 4 - Unethical experimentation Give an example of a...Ch. 4 - Spinal fluid proteins and Alzheimers A research...Ch. 4 - Fear of asbestos Your friend reads about a study...Ch. 4 - NCAA mens basketball poll The last four teams of...Ch. 4 - Sampling your fellow students You are assigned to...Ch. 4 - Prob. 61CPCh. 4 - Comparing female and male students You plan to...Ch. 4 - Football discipline A large southern university...Ch. 4 - Prob. 64CPCh. 4 - Voluntary sports polls In 2014, the Pittsburgh...Ch. 4 - Video games mindless? Playing video games not so...Ch. 4 - Physicians health study Read about the first...Ch. 4 - Aspirin prevents heart attacks? During the 1980s...Ch. 4 - Prob. 69CPCh. 4 - Prob. 70CPCh. 4 - Prob. 71CPCh. 4 - Bupropion and nicotine patch study results The...Ch. 4 - Prefer Coke or Pepsi? You want to conduct an...Ch. 4 - Prob. 74CPCh. 4 - Samples not equally likely in a cluster sample? In...Ch. 4 - Nursing homes You plan to sample residents of...Ch. 4 - Multistage health survey A researcher wants to...Ch. 4 - Hazing Hazing within college fraternities is a...Ch. 4 - Prob. 79CPCh. 4 - Twins and breast cancer Excessive cumulative...Ch. 4 - Judging sampling design In each of the following...Ch. 4 - Prob. 87CPCh. 4 - Age for legal alcohol You want to investigate the...Ch. 4 - Prob. 89CPCh. 4 - Prob. 90CPCh. 4 - Issues in clinical trials A randomized clinical...Ch. 4 - Prob. 92CPCh. 4 - Prob. 93CPCh. 4 - Prob. 94CPCh. 4 - Prob. 95CPCh. 4 - Prob. 96CPCh. 4 - For Exercises 4.974.103, select the best response....Ch. 4 - Prob. 98CPCh. 4 - For Exercises 4.974.103, select the best response....Ch. 4 - For Exercises 4.974.103, select the best response....Ch. 4 - Prob. 101CPCh. 4 - For Exercises 4.974.103, select the best response....Ch. 4 - Prob. 103CPCh. 4 - Systematic sampling A researcher wants to select...Ch. 4 - Prob. 106CPCh. 4 - Prob. 107CP
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- Answer the following questions. 3. When given two separate events, how do we know whether to apply the Addition Principle or the Multiplication Principle when calculating possible outcomes? What conjunctions may help to determine which operations to use?arrow_forwardOpinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee company keeps offering the PFC earlier and earlier every year. According to a magazine, the amount spent by PFC buyers at the coffee company is about 17% higher than non-PFC buyers. The accompanying table shows a random sample of eight consumers, the amount they spend per week, y, and the number of PFCs purchased, x, per week. PFC Spending 1 13.17 8 38.65 3 19.49 2 9.56 4 15.85 1 21.82 5 37.53 3 13.69 t= 3.07 Identify the p-value p-value= (Round to three decimal places as needed.)arrow_forwardOpinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee company keeps offering the PFC earlier and earlier every year. According to a magazine, the amount spent by PFC buyers at the coffee company is about 17% higher than non-PFC buyers. The accompanying table shows a random sample of eight consumers, the amount they spend per week, y, and the number of PFCs purchased, x, per week. PFC Spending 1 13.17 8 38.65 3 19.49 2 9.56 4 15.85 1 21.82 5 37.53 3 13.69 α=0.05 Calculate the test statistic for the hypothesis test. t= (Round to two decimal places as needed.)arrow_forward
- Opinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee company keeps offering the PFC earlier and earlier every year. According to a magazine, the amount spent by PFC buyers at the coffee company is about 17% higher than non-PFC buyers. The accompanying table shows a random sample of eight consumers, the amount they spend per week, and the number of PFCs purchased per week. PFC Spending 2 13.88 7 39.11 4 19.79 1 9.84 3 15.43 1 21.52 5 37.39 3 13.85 Calculate the slope and y-intercept for the regression formula. The slope is b1=(Round to three decimal places as needed.)arrow_forwardOpinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee company keeps offering the PFC earlier and earlier every year. According to a magazine, the amount spent by PFC buyers at the coffee company is about 17% higher than non-PFC buyers. The accompanying table shows a random sample of eight consumers, the amount they spend per week, y, and the number of PFCs purchased, x, per week. PFC Spending 1 13.17 8 38.65 3 19.49 2 9.56 4 15.85 1 21.82 5 37.53 3 13.69 α=0.05 t= 3.07 p-value= 0.22 Construct a 95% confidence interval for the population slope. UCL = LCL = (Round to two decimal places as needed.)arrow_forwardOpinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee company keeps offering the PFC earlier and earlier every year. According to a magazine, the amount spent by PFC buyers at the coffee company is about 17% higher than non-PFC buyers. The accompanying table shows a random sample of eight consumers, the amount they spend per week, and the number of PFCs purchased per week. PFC Spending 2 13.88 7 39.11 4 19.79 1 9.84 3 15.43 1 21.52 5 37.39 3 13.85 Calculate the slope and y-intercept for the regression formula. The slope is b1=4.465 The y-intercept is b0=6.840 Provide an interpretation for the value of the slope. Because the slope is positive, it can be…arrow_forward
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