Essentials Of Modern Business Statistics With Microsoft Excel, Loose-leaf Version
7th Edition
ISBN: 9781337298308
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Textbook Question
Chapter 4.2, Problem 17E
Refer to the KP&L sample points and sample point probabilities in Tables 4.2 and 4.3.
a. The design stage (stage 1) will run over budget if it takes four months to complete. List the sample points in the
c. The construction stage (stage 2) will run over budget if it takes eight months to complete. List the sample points in the event the construction stage is over budget. d. What is the probability that the construction stage is over budget?
e. What is the probability that both stages are over budget?
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Example 4 (Part 2) We can use Statkey to take 50 different random samples of size 20 each, find the mean of
each sample, and compute a confidence interval for each one. The graph of the sampling distribution of the means
is on the left below, and that of the 50 confidence intervals is on the right.
1. What does each dot on the left hand dotplot represent?
StatKey Sampling Distribution for a Mean
Percent with Internet Access (Countries) ▾
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Choose samples of size n =
20
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Sampling Dotplot of Mean
Left Tail Two-Tail Right Tail
60
50
40
40
30
20
20
10
samples = 50
mean = 41.626
std. error = 5.089
:
.:
:
::
0
25
30
35
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45
50
55
60
41.626
Data Plots
Confidence Intervals
95%->
Confidence Intervals
Coverage
48/50 = 96%
20
40
60
80
2. Circle the confidence intervals that failed to capture the true mean.
3. Circle the sample means that produced those…
Example 4 (Part 1) One of the datasets in the Lock book
contains information about 215 countries of the world. One
of the variables is the percentage of people in the country
who have access to the internet. We have data for 203 of
those countries. The plot on the right shows a dotplot of
the data.
1. What are the cases?
Population
n = 203, mean = 43.024
median = 43.5, stdev = 29.259
20
2. What does each dot on the dotplot represent?
15
10
5
20
40
43.024
60
80
3. What type of data is do we collect from the cases, quantitative or categorical?
Let x be a random variable that represents the percentage of successful free throws a professional basketball player makes in a season. Let y be a random variable that represents the percentage of successful field goals a professional basketball player makes in a season. A random sample of n =6 professional basketball players gave the following information.
x
63
79
70
80
84
87
y
46
49
45
55
57
58
Find Se. Round your answer to three decimal places.
Chapter 4 Solutions
Essentials Of Modern Business Statistics With Microsoft Excel, Loose-leaf Version
Ch. 4.1 - An experiment has three steps with three outcomes...Ch. 4.1 - How many ways can three items be selected from a...Ch. 4.1 - Prob. 3ECh. 4.1 - Consider the experiment of tossing a coin three...Ch. 4.1 - Suppose an experiment has five equally likely...Ch. 4.1 - An experiment with three outcomes has been...Ch. 4.1 - Prob. 7ECh. 4.1 - In the city of Milford, applications for zoning...Ch. 4.1 - Prob. 9ECh. 4.1 - The following table shows the percentage of...
Ch. 4.1 - A Gallup Poll of U.S. adults indicated that...Ch. 4.1 - The Powerball lottery is played twice each week in...Ch. 4.1 - A company that manufactures toothpaste is studying...Ch. 4.2 - Prob. 14ECh. 4.2 - Consider the experiment of selecting a playing...Ch. 4.2 - Consider the experiment of rolling a pair of dice....Ch. 4.2 - Refer to the KP&L sample points and sample point...Ch. 4.2 - Prob. 18ECh. 4.2 - Do you think global warming will have an impact on...Ch. 4.2 - Junior Achievement USA and the Allstate Foundation...Ch. 4.2 - Data on U S. work-related fatalities by cause...Ch. 4.3 - Prob. 22ECh. 4.3 - Suppose that we have a sample space...Ch. 4.3 - Clarkson University surveyed alumni to learn more...Ch. 4.3 - Prob. 25ECh. 4.3 - Information about mutual funds provided by...Ch. 4.3 - Prob. 27ECh. 4.3 - A survey of magazine subscribers showed that 45.8%...Ch. 4.3 - Prob. 29ECh. 4.4 - Suppose that we have two events, A and B, with...Ch. 4.4 - Prob. 31ECh. 4.4 - Consider the following example survey results of...Ch. 4.4 - Prob. 33ECh. 4.4 - The Bureau of Transportation Statistics reports...Ch. 4.4 - To better understand how husbands and wives feel...Ch. 4.4 - Prob. 36ECh. 4.4 - A joint survey by Parade magazine and Yahoo! found...Ch. 4.4 - The Institute for Higher Education Policy, a...Ch. 4.5 - The prior probabilities for events A1 and A2 are...Ch. 4.5 - Prob. 40ECh. 4.5 - A consulting firm submitted a bid for a large...Ch. 4.5 - A local bank reviewed its credit card policy with...Ch. 4.5 - In August 2012, tropical storm Isaac formed in the...Ch. 4.5 - ParFore created a website to market golf equipment...Ch. 4.5 - The percentage of adult users of the Internet who...Ch. 4 - A USA Today survey of adults aged 18 and older...Ch. 4 - A financial manager made two new investments—one...Ch. 4 - Below are the results of a survey of 1364...Ch. 4 - A study of 31,000 hospital admissions in New York...Ch. 4 - Prob. 50SECh. 4 - Prob. 51SECh. 4 - Prob. 52SECh. 4 - Refer again to the data from the MBA new...Ch. 4 - The Pew Internet & American Life project conducted...Ch. 4 - A large consumer goods company ran a television...Ch. 4 - Cooper Realty is a small real estate company...Ch. 4 - A company studied the number of lost-time...Ch. 4 - According to the Open Doors Report, 9.5% of all...Ch. 4 - An oil company purchased an option on land in...Ch. 4 - A study reported by Forbes indicated that the five...Ch. 4 - Hamilton County Judges Hamilton County judges try...Ch. 4 - Hamilton County Judges Hamilton County judges try...Ch. 4 - Hamilton County Judges Hamilton County judges try...Ch. 4 - Hamilton County Judges Hamilton County judges try...Ch. 4 - Hamilton County Judges Hamilton County judges try...Ch. 4 - Rob's Market Rob's Market (RM) is a regional food...Ch. 4 - Prob. 4.2.2CPCh. 4 - Rob's Market Rob's Market (RM) is a regional food...Ch. 4 - Rob's Market Rob's Market (RM) is a regional food...Ch. 4 - Prob. 4.2.5CPCh. 4 - Rob's Market Rob's Market (RM) is a regional food...Ch. 4 - Prob. 4.2.7CPCh. 4 - Prob. 4.2.8CPCh. 4 - Prob. 4.2.9CPCh. 4 - Rob's Market Rob's Market (RM) is a regional food...
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