Concept explainers
Purchases You are about to place book orders from McPhearson Imprints and O’Conell Books (see Exercise 32) when you get an e-mail from McPhearson Imprints saying sorry, but they have stopped publishing romance novels because of the global romance crisis and can now offer only packages of 10 horror novels for $50. O’Conell is still offering packages of 10 horror novels and 10 romance novels for $90, and now the U.S. Treasury, in an attempt to bolster the floundering romance industry, is offering its own package of 20 romance novels for $120. Furthermore, Congress, in approving this measure, has passed legislation dictating that at least two thirds of the packages in every order must come from the U.S. Treasury. As before, you wish to obtain at least 5,000 horror novels and 4,000 romance novels at minimum cost. Taking all of this into account, how many packages should you purchase from each supplier? What is the minimum cost?

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Chapter 5 Solutions
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- 8.6.2 Consider the natural frequency of beams described in Exercise 8.2.8. Compute a 90% prediction interval on the diameter of the natural frequency of the next beam of this type that will be tested. Compare the length of the prediction interval with the length of the 90% CI on the population mean. 8.6.3 Consider the television tube brightness test described in Exercise 8.2.7. Compute a 99% prediction interval on the brightness of the next tube tested. Compare the length of the prediction interval with the length of the 99% CI on the population mean.arrow_forwardAnswer question S8 stepwisearrow_forwardAnswer questions 8.2.11 and 8.2.12 respectivelyarrow_forward
- 8.4.2 An article in Knee Surgery, Sports Traumatology, Arthroscopy [“Arthroscopic Meniscal Repair with an Absorbable Screw: Results and Surgical Technique” (2005, Vol. 13, pp. 273–279)] showed that only 25 out of 37 tears (67.6%) located between 3 and 6 mm from the meniscus rim were healed. a. Calculate a two-sided 95% confidence interval on the proportion of such tears that will heal. b. Calculate a 95% lower confidence bound on the proportion of such tears that will heal. 8.4.3 An article in the Journal of the American Statistical Association [“Illustration of Bayesian Inference in Normal Data Models Using Gibbs Sampling” (1990, Vol. 85, pp. 972–985)] measured the weight of 30 rats under experiment controls. Suppose that 12 were underweight rats. a. Calculate a 95% two-sided confidence interval on the true proportion of rats that would show underweight from the experiment. b. Using the point estimate of p obtained from the preliminary sample, what sample size is needed to be 95%…arrow_forward8.4.8 Use the data from Exercise 8.4.2 to compute the two-sided Agresti-Coull CI on the proportion of tears that heal. Compare and discuss the relationship of this interval to the one computed in Exercise 8.4.2.arrow_forwardAnswer questions 8.3.7 and 8.4.1 respectivelyarrow_forward
- Don't do 14. Please solve 19arrow_forward8.4.7 Use the data from Exercise 8.4.5 to compute the two-sided Agresti-Coull CI on the proportion of digits read correctly. Compare and discuss the relationship of this interval to the one computed in Exercise 8.4.5.arrow_forward8.6.5 Consider the fuel rod enrichment data described in Exercise 8.2.11. Compute a 90% prediction interval on the enrichment of the next rod tested. Compare the length of the prediction interval with the length of the 99% CI on the population mean.arrow_forward
- 8.4.4 The Arizona Department of Transportation wishes to survey state residents to determine what proportion of the population would like to increase statewide highway speed limits from 65 mph to 75 mph. How many residents does the department need to survey if it wants to be at least 99% confident that the sample proportion is within 0.05 of the true proportion? 8.4.5 The U.S. Postal Service (USPS) has used optical character recognition (OCR) since the mid-1960s. In 1983, USPS began deploying the technology to major post offices throughout the country (www.britannica.com). Suppose that in a random sample of 500 handwritten zip code digits, 466 were read correctly. a. Construct a 95% confidence interval for the true proportion of correct digits that can be automatically read. b. What sample size is needed to reduce the margin of error to 1%? c. How would the answer to part (b) change if you had to assume that the machine read only one-half of the digits correctly?arrow_forwardAnswer questions 8S7 and 8S14arrow_forwardAnswer questions 8.2.9 and 8.2.10 respectivelyarrow_forward
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