
Statistics for Business and Economics (13th Edition)
13th Edition
ISBN: 9780134506593
Author: James T. McClave, P. George Benson, Terry Sincich
Publisher: PEARSON
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Textbook Question
Chapter 4.2, Problem 4.11LM
A discrete random variable x can assume five possible values: 20, 21, 22, 23, and 24. The following Minitab histogram shows the relative frequency of each value.
- a. What is p(22)?
- b. What is the
probability that x equals 20 or 24? - c. What is P (x ≤ 23)?
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In a company with 80 employees, 60 earn $10.00 per hour and 20 earn $13.00 per
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Is this average hourly wage considered representative?
The following is a list of questions answered correctly on an exam. Calculate the
Measures of Central Tendency from the ungrouped data list.
NUMBER OF QUESTIONS ANSWERED CORRECTLY ON AN APTITUDE EXAM
112
72
69
97
107
73
92
76
86
73
126
128
118
127
124
82
104
132
134
83
92
108
96
100
92
115
76
91
102
81
95
141
81
80
106
84
119
113
98
75
68
98
115
106
95
100
85
94
106
119
The following ordered data list shows the data speeds for cell phones used by a
telephone company at an airport:
A. Calculate the Measures of Central Tendency using the table in point B.
B. Are there differences in the measurements obtained in A and C? Why (give at
least one justified reason)?
0.8
1.4
1.8
1.9
3.2
3.6
4.5
4.5
4.6
6.2
6.5
7.7
7.9
9.9
10.2
10.3
10.9
11.1
11.1
11.6
11.8
12.0
13.1
13.5
13.7
14.1
14.2
14.7
15.0
15.1
15.5
15.8
16.0
17.5
18.2
20.2
21.1
21.5
22.2
22.4
23.1
24.5
25.7
28.5
34.6
38.5
43.0
55.6
71.3
77.8
Chapter 4 Solutions
Statistics for Business and Economics (13th Edition)
Ch. 4.1 - Types of random variables. Which of the following...Ch. 4.1 - Types of finance random variables. Security...Ch. 4.1 - NHTSA crash tests. Refer to the National Highway...Ch. 4.1 - Customers in line at a Subway shop. The number of...Ch. 4.1 - Executive pay. Refer to Glassdoor Economic...Ch. 4.1 - Banking. Give an example of a discrete random...Ch. 4.1 - Economics. Give an example of a continuous random...Ch. 4.1 - Hotel management. Give an example of a discrete...Ch. 4.1 - Retailing. Give two examples of discrete random...Ch. 4.1 - Stock market. Give an example of a continuous...
Ch. 4.2 - A discrete random variable x can assume five...Ch. 4.2 - The random variable x has the following discrete...Ch. 4.2 - A discrete random variable x can assume five...Ch. 4.2 - Explain why each of the following is or is not a...Ch. 4.2 - A die is tossed. Let x be the number of spots...Ch. 4.2 - Toss three fair coins and let x equal the number...Ch. 4.2 - Use the apple! Random Numbers to generate a list...Ch. 4.2 - Run the applet Simulating the Probability of a...Ch. 4.2 - Consider the probability distribution shown here:...Ch. 4.2 - Consider the probability distribution for the...Ch. 4.2 - Consider the probability distributions shown here:...Ch. 4.2 - Apps not working on smartphone. In a Pew Research...Ch. 4.2 - NHTSA crash tests. Refer to the NHTSA crash tests...Ch. 4.2 - Ages of dot-com employees. The age (in years)...Ch. 4.2 - Variable speed limit control for freeways. A...Ch. 4.2 - Choosing portable grill displays. Refer to the...Ch. 4.2 - Do social robots walk or roll? Refer to the...Ch. 4.2 - Reliability of a manufacturing network. A team of...Ch. 4.2 - Prob. 4.27ACICh. 4.2 - Prob. 4.28ACICh. 4.2 - Contaminated gun cartridges. A weapons...Ch. 4.2 - The last name effect in purchasing. The Journal of...Ch. 4.2 - Mail rooms contaminated with anthrax. During...Ch. 4.2 - Investment risk analysis. The risk of a portfolio...Ch. 4.2 - Prob. 4.33ACICh. 4.2 - Stock market participation and IQ. Refer to The...Ch. 4.2 - Expected loss due to flood damage. The National...Ch. 4.2 - Expected Lotto winnings. Most states offer weekly...Ch. 4.2 - Prob. 4.37ACACh. 4.2 - Prob. 4.38ACACh. 4.2 - Prob. 4.39ACACh. 4.3 - Compute the following: a. 6!2!(62)! b. (52) c....Ch. 4.3 - Consider the following probability distribution:...Ch. 4.3 - Suppose x is a binomial random variable with n = 3...Ch. 4.3 - If x is a binomial random variable, compute p (x)...Ch. 4.3 - If x is a binomial random variable, use Table I in...Ch. 4.3 - If x is a binomial random variable, calculate , 2,...Ch. 4.3 - The binomial probability distribution is a family...Ch. 4.3 - Use the applets Simulating the Probability of a...Ch. 4.3 - Open the applet Sample from a Population. On the...Ch. 4.3 - Use the applet Simulating the Stock Market to...Ch. 4.3 - Working on summer vacation. Recall (Exercise 3.13,...Ch. 4.3 - Privacy and information sharing. Some grocery...Ch. 4.3 - Hotel guest satisfaction. Each year, J. D. Power...Ch. 4.3 - Physicians opinions on a career in medicine. The...Ch. 4.3 - Playing sports related to job pay. Does...Ch. 4.3 - Immediate feedback to incorrect exam answers....Ch. 4.3 - Fingerprint expertise. Refer to the Psychological...Ch. 4.3 - Making your vote count. Refer to the Chance (Fall...Ch. 4.3 - Bridge inspection ratings. According to the...Ch. 4.3 - Tax returns audited by the IRS. According to the...Ch. 4.3 - FDA report on pesticides in food. Periodically,...Ch. 4.3 - Prob. 4.58ACACh. 4.3 - USGA golf ball specifications. According to the...Ch. 4.3 - Network forensic analysis. A network forensic...Ch. 4.4 - Consider the probability distribution shown here:...Ch. 4.4 - Assume that x is a random variable having a...Ch. 4.4 - Prob. 4.63LMCh. 4.4 - Prob. 4.64LMCh. 4.4 - Prob. 4.65LMCh. 4.4 - Suppose x is a random variable for which a Poisson...Ch. 4.4 - Prob. 4.67LMCh. 4.4 - Prob. 4.68LMCh. 4.4 - Prob. 4.69ACBCh. 4.4 - FDIC bank failures. The Federal Deposit Insurance...Ch. 4.4 - Airline fatalities. Over the past 5 years, U.S....Ch. 4.4 - Male nannies. According to the International Nanny...Ch. 4.4 - Contaminated gun cartridges. Refer to the...Ch. 4.4 - Prob. 4.74ACBCh. 4.4 - Prob. 4.75ACICh. 4.4 - Traffic fatalities and sporting events. The...Ch. 4.4 - Prob. 4.77ACICh. 4.4 - Guilt in decision making. The Journal of...Ch. 4.4 - Flaws in plastic-coated wire. The British Columbia...Ch. 4.4 - Making high-stakes insurance decisions. The...Ch. 4.4 - Prob. 4.81ACACh. 4.4 - Waiting for a car wash. An automatic car wash...Ch. 4.4 - Elevator passenger arrivals. A study of the...Ch. 4.6 - Find the area under the standard normal...Ch. 4.6 - Find the following probabilities for the standard...Ch. 4.6 - Find the following probabilities for the standard...Ch. 4.6 - Find each of the following probabilities for the...Ch. 4.6 - Find a value of the standard normal random...Ch. 4.6 - Find a value of the standard normal random...Ch. 4.6 - Give the z-score for a measurement from a normal...Ch. 4.6 - Suppose the random variable x is best described by...Ch. 4.6 - The random variable x has a normal distribution...Ch. 4.6 - Suppose x is a normally distributed random...Ch. 4.6 - Suppose x is a normally distributed random...Ch. 4.6 - Suppose x is a binomial random variable with p =...Ch. 4.6 - Assume that x is a binomial random variable with n...Ch. 4.6 - Open the applet Sample from a Population. On the...Ch. 4.6 - Variable life insurance return rates. With a...Ch. 4.6 - Hotels use of ecolabels. Refer to the Journal of...Ch. 4.6 - Tomato as a taste modifier. 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The characteristics of...Ch. 4.6 - Prob. 4.115ACACh. 4.6 - Box plots and the standard normal distribution....Ch. 4.7 - If a population data set is normally distributed,...Ch. 4.7 - Prob. 4.118LMCh. 4.7 - Prob. 4.119LMCh. 4.7 - Examine the sample data in the accompanying table....Ch. 4.7 - Prob. 4.121ACBCh. 4.7 - Prob. 4.122ACBCh. 4.7 - Drug content assessment. Scientists at...Ch. 4.7 - Prob. 4.124ACBCh. 4.7 - Prob. 4.125ACBCh. 4.7 - Wear-out of used display panels. Wear-out failure...Ch. 4.7 - Rankings of research universities. Refer to the...Ch. 4.7 - Sanitation inspection of cruise ships. Refer to...Ch. 4.7 - Ranking driving performance of professional...Ch. 4.7 - Permeability of sandstone during weathering. Refer...Ch. 4.7 - Prob. 4.131ACACh. 4.8 - Suppose x is a random variable best described by a...Ch. 4.8 - Suppose x is a random variable best described by a...Ch. 4.8 - Refer to Exercise 4.133. Find the following...Ch. 4.8 - Suppose x has an exponential distribution with =...Ch. 4.8 - Prob. 4.136LMCh. 4.8 - Prob. 4.137LMCh. 4.8 - Prob. 4.138LMCh. 4.8 - Prob. 4.7AECh. 4.8 - Prob. 4.8AECh. 4.8 - Load on timber beams. Timber beams are widely used...Ch. 4.8 - Preventative maintenance tests. The optimal...Ch. 4.8 - Maintaining pipe wall temperature. Maintaining a...Ch. 4.8 - Detecting anthrax. Researchers at the University...Ch. 4.8 - Lead in metal shredder residue. On the basis of...Ch. 4.8 - Critical-part failures in NASCAR vehicles. In...Ch. 4.8 - Social network densities. Social networking sites...Ch. 4.8 - Boeing 787 Dreamliner. An assessment of the new...Ch. 4.8 - Soft-drink dispenser. The manager of a local...Ch. 4.8 - Prob. 4.148ACICh. 4.8 - Prob. 4.149ACICh. 4.8 - Cycle availability of a system. In the jargon of...Ch. 4.8 - Prob. 4.151ACICh. 4.8 - Reliability of CO-ROMs. In Reliability Ques (March...Ch. 4.8 - Prob. 4.153ACACh. 4.8 - Reliability of a robotic device. The reliability...Ch. 4.8 - Prob. 4.155ACACh. 4 - For each of the following examples, decide whether...Ch. 4 - Given that x is a binomial random variable,...Ch. 4 - Consider the discrete probability distribution...Ch. 4 - Suppose x is a binomial random variable with n =...Ch. 4 - Suppose x is a Poisson random variable. Compute p...Ch. 4 - Identify the type of random variablebinomial,...Ch. 4 - Prob. 4.162LMCh. 4 - Which of the following describe discrete random...Ch. 4 - Assume that x is a random variable best described...Ch. 4 - Find the following probabilities for the standard...Ch. 4 - Find a z-score, call it z0, such that a. P (z z0)...Ch. 4 - Identify the type of continuous random...Ch. 4 - Assume that x has an exponential distribution with...Ch. 4 - The random variable x has a normal distribution...Ch. 4 - Assume that x is a binomial random variable with n...Ch. 4 - The random variable x has a normal distribution...Ch. 4 - Analysis of bottled water. Is the bottled water...Ch. 4 - Downloading apps to your cell phone. According to...Ch. 4 - LASIK surgery complications. According to studies,...Ch. 4 - Requests to a Web server. According to Brighton...Ch. 4 - NASA and rare planet transits. A planet transit is...Ch. 4 - Hospital patient interarrival times. The length of...Ch. 4 - Dutch elm disease. A nursery advertises that it...Ch. 4 - Tracking missiles with satellite imagery. The...Ch. 4 - The business of casino gaming. Casino gaming...Ch. 4 - Machine repair times. An article in IEEE...Ch. 4 - Public transit deaths. Millions of suburban...Ch. 4 - On-site treatment of hazardous waste. The Resource...Ch. 4 - When to replace a maintenance system. An article...Ch. 4 - Software file updates. Software configuration...Ch. 4 - NHTSA crash safety tests. Refer to Exercise 4.21...Ch. 4 - Errors in measuring truck weights. To help highway...Ch. 4 - Detecting a computer virus attack. Chance (Winter...Ch. 4 - Whistle-blowing among federal employees....Ch. 4 - Ambulance response time. Ambulance response time...Ch. 4 - Optimal goal target in soccer. When attempting to...Ch. 4 - Marine losses for an oil company. The frequency...Ch. 4 - Reliability of a flow network. The journal...Ch. 4 - Doctors and ethics. Refer to the Journal of...Ch. 4 - Prob. 4.195ACICh. 4 - Testing for spoiled wine. Suppose that you are...Ch. 4 - Estimating demand for white bread. A bakery has...Ch. 4 - Checkout lanes at a supermarket. A team of...Ch. 4 - Rating employee performance. Almost all companies...Ch. 4 - Ship-to-shore transfer times. Lack of port...Ch. 4 - Prob. 4.201ACACh. 4 - Establishing tolerance limits. The tolerance...Ch. 4 - The showcase showdown. On the popular television...Ch. 4 - Reliability of a one-shot device. A one-shot...Ch. 4 - Super weapons development. The U.S. Army is...Ch. 4 - Space shuttle disaster. On January 28, 1986, the...Ch. 4 - Warehouse clubs are retailers that offer lower...Ch. 4 - Prob. 4.1.2ACh. 4 - Prob. 4.1.3ACh. 4 - Prob. 4.1.4ACh. 4 - Prob. 4.1.5ACh. 4 - Prob. 4.1.6ACh. 4 - Prob. 4.1.7ACh. 4 - Warehouse clubs are retailers that offer lower...
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