Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 5, Problem 1E
Some people are in favor of reducing federal taxes to increase consumer spending and others are against it. Two persons are selected and their opinions are recorded. Assuming no one is undecided, list the possible outcomes.
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Polls show that among likely voters in the
Make-Believetown Governor's race, Bad Wolf
is currently leading with 43% of expected
votes, Little Pig has 41%, and 16% are
undecided. The poll has a margin of error of
4.51%.
Write a brief paragraph explaining who you
believe will be the next imaginary governor of
Make Believetown and why. Use the
information you know about the margin of
error to make your case.
In a recent poll, 450 people were asked if they preferred cats or dogs. 52% said they preferred dogs and 48% of people said they preferred cats, with a margin of error of 4%. Which statement is true?
A. In general, people prefer cats.
B. In general, people prefer dogs.
C. The number of people that prefer dogs is between 48% and 56%, and the number of people that prefer cats is between 44% and 52%
Chapter 5 Solutions
Statistical Techniques in Business and Economics
Ch. 5 - Prob. 1SRCh. 5 - One card will be randomly selected from a standard...Ch. 5 - Prob. 2.2SRCh. 5 - Prob. 2.3SRCh. 5 - Some people are in favor of reducing federal taxes...Ch. 5 - Prob. 2ECh. 5 - Prob. 3ECh. 5 - Prob. 4ECh. 5 - In each of the following cases, indicate whether...Ch. 5 - Prob. 6E
Ch. 5 - Prob. 7ECh. 5 - A sample of 2,000 licensed drivers revealed the...Ch. 5 - Bank of America customers select their own...Ch. 5 - Prob. 10ECh. 5 - Prob. 3SRCh. 5 - Prob. 4SRCh. 5 - Prob. 11ECh. 5 - Prob. 12ECh. 5 - Prob. 13ECh. 5 - The chair of the board of directors says, There is...Ch. 5 - Suppose the probability you will get an A in this...Ch. 5 - Two coins are tossed. If A is the event two heads...Ch. 5 - Prob. 17ECh. 5 - Prob. 18ECh. 5 - Prob. 19ECh. 5 - Prob. 20ECh. 5 - The aquarium at Sea Critters Depot contains 140...Ch. 5 - A National Park Service survey of visitors to the...Ch. 5 - From experience, Teton Tire knows the probability...Ch. 5 - The board of directors of Tarbell Industries...Ch. 5 - Refer to Table 51 on page 151 to find the...Ch. 5 - Consumers were surveyed on the relative number of...Ch. 5 - Prob. 23ECh. 5 - Prob. 24ECh. 5 - Prob. 25ECh. 5 - Prob. 26ECh. 5 - Prob. 27ECh. 5 - Prob. 28ECh. 5 - Prob. 29ECh. 5 - Prob. 30ECh. 5 - Prob. 31ECh. 5 - Prob. 32ECh. 5 - Prob. 9SRCh. 5 - Prob. 33ECh. 5 - Prob. 34ECh. 5 - Prob. 35ECh. 5 - Prob. 36ECh. 5 - The credit department of Lions Department Store in...Ch. 5 - Prob. 38ECh. 5 - Prob. 10.1SRCh. 5 - Prob. 10.2SRCh. 5 - Prob. 11.1SRCh. 5 - Prob. 11.2SRCh. 5 - Prob. 11.3SRCh. 5 - In a lottery game, three numbers are randomly...Ch. 5 - Prob. 39ECh. 5 - Prob. 40ECh. 5 - Prob. 41ECh. 5 - A telephone number consists of seven digits, the...Ch. 5 - An overnight express company must include five...Ch. 5 - A representative of the Environmental Protection...Ch. 5 - Sam Sneads restaurant in Conway, South Carolina,...Ch. 5 - A company is creating three new divisions and...Ch. 5 - The marketing research department at Pepsico plans...Ch. 5 - The number of times a particular event occurred in...Ch. 5 - The probability that the cause and the cure for...Ch. 5 - Berdines Chicken Factory has several stores in the...Ch. 5 - Prob. 51CECh. 5 - The first card selected from a standard 52-card...Ch. 5 - Prob. 53CECh. 5 - Refer to the following picture. a. What is the...Ch. 5 - Prob. 55CECh. 5 - Assume the likelihood that any flight on Delta...Ch. 5 - Prob. 57CECh. 5 - Prob. 58CECh. 5 - Prob. 59CECh. 5 - Prob. 60CECh. 5 - Prob. 61CECh. 5 - Forty percent of the homes constructed in the...Ch. 5 - Prob. 63CECh. 5 - Prob. 64CECh. 5 - Prob. 65CECh. 5 - Prob. 66CECh. 5 - Prob. 67CECh. 5 - Prob. 68CECh. 5 - Prob. 69CECh. 5 - An investor purchased 100 shares of Fifth Third...Ch. 5 - Flashner Marketing Research Inc. specializes in...Ch. 5 - Prob. 72CECh. 5 - Prob. 73CECh. 5 - Prob. 74CECh. 5 - Prob. 75CECh. 5 - Prob. 76CECh. 5 - Prob. 77CECh. 5 - Prob. 78CECh. 5 - Prob. 79CECh. 5 - Prob. 80CECh. 5 - Prob. 81CECh. 5 - Prob. 82CECh. 5 - Prob. 83CECh. 5 - Prob. 84CECh. 5 - Prob. 85CECh. 5 - Prob. 86CECh. 5 - Prob. 87CECh. 5 - ABC Auto Insurance classifies drivers as good,...Ch. 5 - Prob. 89CECh. 5 - The probability a D-Link network server is down is...Ch. 5 - Prob. 91CECh. 5 - Prob. 92DACh. 5 - Prob. 93DACh. 5 - Prob. 94DA
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- After the premiere of the new comedy Bumblebee, moviegoers were asked in a quick poll whether they liked the movie. Out of 50 adults, 36 said they liked the movie, whereas out of 100 teenagers, 59 said they liked the movie. Fill in the blanks below to make the most reasonable statement possible. At the movie premiere, (Choose one) moviegoers liked the movie less. That is because only % liked the movie, whereas % of the (Choose one) moviegoers liked the movie. Xarrow_forwardMrs. Smith teaching Geometry and wanted to help her students do their best on exams. After failing to find any research on different test formats, she decided to conduct her own research. She flipped a coin for each student in her classes. If the coin landed heads up, the student took a multiple-choice test. If the coin landed tails up, the student received a fill-in-the-blank exam. Afterward, Mrs. Johnson compared the averages for the two test formats. What is the variable of interest in this case? student scores Mrs. Johnson test format the coinarrow_forwardFind another classmate’s initial post and write down the margin of error that they calculated. You will use that value in another context. As another election cycle begins this fall, you will likely hear newscasters state poll data and then mention the margin of error. For example: "Polls show that among likely voters in the Make-Believetown Governor’s race, Bad Wolf is currently leading with 43% of expected votes, Little Pig has 41%, and 16% are undecided. The poll has a margin of error of 4%.” Instead of the 4% margin of error currently in the example, use the margin of error from your classmate as the new margin of error% for the poll. Write a brief paragraph explaining who you believe will be the next imaginary governor of Make Believetown and why. Use the information you know about the margin of error to make your case. My new margin of error for classmates is 10.08408.arrow_forward
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