Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Chapter 5, Problem 24PS
a.
To determine
Find the
b.
To determine
Find the probability that at least one bag will be mishandled.
c.
To determine
Find the probability that at least two bags will be mishandled.
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Table 1 contains the data from a patient satisfaction survey for a group of 25 randomly selected patients at a
hospital. In addition to satisfaction, data were collected on patient age and an index that measured the severity
of illness.
(a) Fit a linear regression model relating satisfaction to patient age.
(b) Test for significance of regression.
(c) What portion of the total variability is accounted for by the regressor variable age?
Table 1: Patient Satisfaction Data
Severity
Observation
Age (21)
(x2)
Satisfaction
(y)
1
55
50
2
46
24
3
30
46
4
35
48
5
59
58
6
61
60
7
74
65
8
38
42
9
27
42
10
51
50
11
53
38
12
41
30
13
37
31
88
14
24
34
15
42
30
16
50
48
17
58
61
18
60
71
19
62
62
20
68
38
21
70
41
22
79
66
23
63
31
24
39
42
25
49
40
BE225222222222222222
68
77
96
80
43
44
26
88
75
57
56
88
102
88
70
43
46
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59
26
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14
A survey is conducted to determine whether
would prefer to work at home, if given the
20 office employees of a certain company
chance. The overall results are shown in the
first bar graph, and the results broken down
by gender are presented in the second.
a. Interpret the results of each graph.
b. Discuss the added value in including gen-
der in the second bar graph. (The second
bar graph in this problem is called a side
by side bar graph and is often used to
show results broken down by two or more
variables.)
c. Compare the side by side bar graph with
the two pie charts that you made for
Question 6. Which of the two methods is
best for comparing two groups, in your
opinion?
A
Would you prefer to work at home? (n=20)
60
50
40
Percent
20
30
20
30
10
0
No
Yes
Prefer to work at home? (10 males, 10 females)
80
Percent
60
00
40
40
20-
No
Yes
No
Yes
Female
Male
Frequency
12
Suppose that a random sample of 270 gradu-
ating seniors are asked what their immediate
priorities are, including whether buying a
house is a priority. The results are shown in
the following bar graph.
a. The bar graph is misleading; explain why.
b. Make a new bar graph that more fairly
presents the results.
Is Buying a House a Priority?
300
250
200
150
100
50
0
Yes
No
Undecided
Chapter 5 Solutions
Basic Business Statistics, Student Value Edition
Ch. 5 - Given the following probability distributions. a....Ch. 5 - The following table contains the probability...Ch. 5 - Recently , a regional automobile dealership sent...Ch. 5 - In the carnival game Under-or -Over-Seven, a pair...Ch. 5 - The number of arrivals per minute at a bank...Ch. 5 - The manager of the commercial mortgage department...Ch. 5 - You are trying to develop a strategy for investing...Ch. 5 - You plan to invest $1,000 in a corporate bond fund...Ch. 5 - Determine the following:...Ch. 5 - Determine the mean and standard deviation of the...
Ch. 5 - The increase or decrease in the price of a stock...Ch. 5 - According to the Pew Research Center, 51 of...Ch. 5 - A student is taking a multiple-choice exam in...Ch. 5 - A manufacturing company regularly conducts quality...Ch. 5 - Past records indicates that the probability of...Ch. 5 - In Example 5.4 on page 209, you and two friends...Ch. 5 - In Example 5.4 on page 209, you and two friends...Ch. 5 - Assume a Poisson distribution....Ch. 5 - Assume a Poisson distribution....Ch. 5 - Assume a Poisson distribution with =5.0. What is...Ch. 5 - Assume that the number of airline customer service...Ch. 5 - The quality control manager of Marilyn’s Cookies...Ch. 5 - Refer to Problem 5.22. How many cookies in a batch...Ch. 5 - Prob. 24PSCh. 5 - The U.S Department of Transportation maintains...Ch. 5 - The Consumer Financial Protection Bureau’s...Ch. 5 - J.D. Power and Associates calculates and publishes...Ch. 5 - Refer to Problem 5.27. if you purchased a Toyota...Ch. 5 - A toll-free phone number is available from 9 A.M....Ch. 5 - Prob. 30PSCh. 5 - What are the four properties that must be present...Ch. 5 - Prob. 32PSCh. 5 - Darwin Head, a 35-year-old sawmill worker, won 1...Ch. 5 - Between 1896-when the Dow Jones index was...Ch. 5 - Smartphone adoption among American younger adults...Ch. 5 - One theory concerning the Dow jones industrial...Ch. 5 - Prob. 37PSCh. 5 - Prob. 38PSCh. 5 - Social log-ins involve recommending of sharing an...Ch. 5 - The Consumer Financial Protection Bureau’s...Ch. 5 - Refer to Problem 5.40. In the same time period,...Ch. 5 - One theory concerning the...Ch. 5 - Spurious correlation refers to the apparent...Ch. 5 - The United Auto Courts Reports blog notes that are...
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