Statistics- Unlocking The Power Of Data
Statistics- Unlocking The Power Of Data
2nd Edition
ISBN: 9781119308843
Author: Lock
Publisher: WILEY
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Concept explainers

Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of tw…
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency o…
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow compar…
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Chapter 4.5, Problem 170E

a.

To determine

Explain whether this is an observational study or an experiment.

Explain how randomization is used in this study.

Explain whether the data collection method introduces any bias.

b.

To determine

Suggest a way to select a random sample of size 50 from 500 stocks.

c.

To determine

Describe about the distribution of stock price changes in the sample.

d.

To determine

Provide relevant summary statistics to describe the distribution of stock price changes.

e.

To determine

Compute the 95% confidence interval for the mean change in all S&P stock prices.

Interpret the results.

f.

To determine

Predict the results of a hypothesis test to see, if the mean change for all S&P 500 stocks over this period is different from zero.

Provide the hypotheses and the significance level and give conclusion.

g.

To determine

Provide the null and alternative hypotheses to test whether the average five-day change is positive.

Use StatKey to find the p-value of the test and state the conclusion.

h.

To determine

Detect the type of error in the decision of the conclusion in Part (g), if there is error.

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Chapter 4 Solutions

Statistics- Unlocking The Power Of Data

Ch. 4.1 - Prob. 1ECh. 4.1 - Prob. 2ECh. 4.1 - Prob. 3ECh. 4.1 - In Exercises 4.1 to 4.4, a situation is described...Ch. 4.1 - Prob. 5ECh. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - Prob. 8ECh. 4.1 - In Exercises 4.9 to 4.13, a situation is described...Ch. 4.1 - Prob. 10E
Ch. 4.1 - In Exercises 4.9 to 4.13, a situation is described...Ch. 4.1 - Prob. 12ECh. 4.1 - Prob. 13ECh. 4.1 - In Exercises 4.14 and 4.15, determine whether the...Ch. 4.1 - In Exercises 4.14 and 4.15, determine whether the...Ch. 4.1 - Pesticides and ADHD Are children with higher...Ch. 4.1 - Beer and Mosquitoes Does consuming beer attract...Ch. 4.1 - Prob. 18ECh. 4.1 - Prob. 19ECh. 4.1 - Prob. 20ECh. 4.1 - Prob. 21ECh. 4.1 - Prob. 22ECh. 4.1 - Prob. 23ECh. 4.1 - Prob. 24ECh. 4.1 - Prob. 25ECh. 4.1 - Prob. 26ECh. 4.1 - Prob. 27ECh. 4.1 - Prob. 28ECh. 4.1 - Prob. 29ECh. 4.1 - Prob. 30ECh. 4.1 - Prob. 31ECh. 4.1 - Prob. 32ECh. 4.1 - Prob. 33ECh. 4.1 - Prob. 34ECh. 4.1 - Prob. 35ECh. 4.1 - Prob. 36ECh. 4.1 - Prob. 37ECh. 4.1 - Prob. 38ECh. 4.1 - Prob. 39ECh. 4.2 - Prob. 40ECh. 4.2 - Prob. 41ECh. 4.2 - Prob. 42ECh. 4.2 - Prob. 43ECh. 4.2 - Prob. 44ECh. 4.2 - Prob. 45ECh. 4.2 - Prob. 46ECh. 4.2 - Prob. 47ECh. 4.2 - Prob. 48ECh. 4.2 - Prob. 49ECh. 4.2 - Prob. 50ECh. 4.2 - Prob. 51ECh. 4.2 - Prob. 52ECh. 4.2 - Prob. 53ECh. 4.2 - Prob. 54ECh. 4.2 - Exercises 4.55 to 4.58 also refer to Figure 4.16,...Ch. 4.2 - Prob. 56ECh. 4.2 - Prob. 57ECh. 4.2 - Prob. 58ECh. 4.2 - Prob. 59ECh. 4.2 - Prob. 60ECh. 4.2 - Exercises 4.59 to 4.64 give null and alternative...Ch. 4.2 - Prob. 62ECh. 4.2 - Prob. 63ECh. 4.2 - Prob. 64ECh. 4.2 - Finger Tapping and Caffeine The effects of...Ch. 4.2 - Prob. 66ECh. 4.2 - Prob. 67ECh. 4.2 - Prob. 68ECh. 4.2 - Prob. 69ECh. 4.2 - Prob. 70ECh. 4.2 - Prob. 71ECh. 4.2 - Prob. 72ECh. 4.2 - Prob. 73ECh. 4.2 - Prob. 74ECh. 4.2 - Are Antimicrobial Ingredients Having the Opposite...Ch. 4.2 - Prob. 76ECh. 4.2 - Definition of a P-value Using the definition of a...Ch. 4.2 - Rolling Dice You roll a die 60 times and record...Ch. 4.2 - Prob. 79ECh. 4.3 - Prob. 80ECh. 4.3 - Prob. 81ECh. 4.3 - Prob. 82ECh. 4.3 - Prob. 83ECh. 4.3 - Prob. 84ECh. 4.3 - Prob. 85ECh. 4.3 - Prob. 86ECh. 4.3 - Prob. 87ECh. 4.3 - Prob. 88ECh. 4.3 - Prob. 89ECh. 4.3 - Prob. 90ECh. 4.3 - Prob. 91ECh. 4.3 - Prob. 92ECh. 4.3 - Prob. 93ECh. 4.3 - Prob. 94ECh. 4.3 - Prob. 95ECh. 4.3 - Prob. 96ECh. 4.3 - Prob. 97ECh. 4.3 - Prob. 98ECh. 4.3 - Prob. 99ECh. 4.3 - Exercise 1.21 on page 15 introduces a study...Ch. 4.3 - Prob. 101ECh. 4.3 - Prob. 102ECh. 4.3 - Prob. 104ECh. 4.3 - Prob. 105ECh. 4.3 - Prob. 106ECh. 4.3 - Prob. 107ECh. 4.3 - Beer and Mosquitoes Does consuming beer attract...Ch. 4.3 - Prob. 109ECh. 4.3 - Prob. 110ECh. 4.3 - Prob. 111ECh. 4.3 - Prob. 112ECh. 4.3 - Prob. 113ECh. 4.3 - Prob. 114ECh. 4.3 - Prob. 115ECh. 4.3 - Prob. 116ECh. 4.3 - Prob. 117ECh. 4.3 - Prob. 118ECh. 4.4 - Prob. 119ECh. 4.4 - Prob. 120ECh. 4.4 - Prob. 121ECh. 4.4 - Prob. 122ECh. 4.4 - Prob. 123ECh. 4.4 - Prob. 124ECh. 4.4 - Prob. 125ECh. 4.4 - Prob. 126ECh. 4.4 - Prob. 127ECh. 4.4 - Prob. 128ECh. 4.4 - Prob. 129ECh. 4.4 - Prob. 130ECh. 4.4 - Prob. 131ECh. 4.4 - Prob. 132ECh. 4.4 - Prob. 133ECh. 4.4 - Prob. 134ECh. 4.4 - Prob. 135ECh. 4.4 - Prob. 136ECh. 4.4 - Prob. 137ECh. 4.4 - Prob. 138ECh. 4.4 - Prob. 139ECh. 4.4 - Prob. 140ECh. 4.4 - Prob. 141ECh. 4.4 - Prob. 142ECh. 4.4 - Prob. 143ECh. 4.4 - Prob. 144ECh. 4.4 - Prob. 145ECh. 4.4 - Prob. 146ECh. 4.4 - Prob. 147ECh. 4.4 - Prob. 148ECh. 4.4 - Eating Breakfast Cereal and Conceiving Boys...Ch. 4.4 - Prob. 150ECh. 4.4 - Prob. 151ECh. 4.4 - Prob. 152ECh. 4.4 - Prob. 153ECh. 4.4 - Prob. 154ECh. 4.5 - Prob. 155ECh. 4.5 - Prob. 156ECh. 4.5 - Prob. 157ECh. 4.5 - Prob. 158ECh. 4.5 - Prob. 159ECh. 4.5 - Prob. 160ECh. 4.5 - Prob. 161ECh. 4.5 - Prob. 162ECh. 4.5 - Prob. 163ECh. 4.5 - Prob. 164ECh. 4.5 - Prob. 165ECh. 4.5 - Prob. 166ECh. 4.5 - Prob. 167ECh. 4.5 - Testing for a Gender Difference in Compassionate...Ch. 4.5 - Prob. 169ECh. 4.5 - Prob. 170ECh. 4.5 - Prob. 171ECh. 4.5 - Prob. 172ECh. 4.5 - Prob. 173ECh. 4.5 - Prob. 174ECh. 4.5 - Prob. 175ECh. 4.5 - Effect of Sleep and Caffeine on Memory Exercise...Ch. 4.5 - Prob. 177ECh. 4.5 - Prob. 178ECh. 4.5 - Prob. 179ECh. 4.5 - Prob. 180ECh. 4.5 - Prob. 181ECh. 4.5 - Prob. 182ECh. 4.5 - Prob. 183ECh. 4.5 - Prob. 184ECh. 4.5 - Prob. 185ECh. 4.5 - Prob. 186ECh. 4.5 - Prob. 187E
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