Introduction To Statistics And Data Analysis
6th Edition
ISBN: 9781337793612
Author: PECK, Roxy.
Publisher: Cengage Learning,
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Textbook Question
Chapter 5.2, Problem 28E
The data given in the previous exercise on x = Call-to- shock time (in minutes) and y = Survival rate (percent) were used to compute the equation of the least-squares line, which was
ŷ = 101.33 − 9.30x
The newspaper article “FDA OKs Use of Home Defibrillators” (San Luis Obispo Tribune, November 13, 2002) reported that “every minute spent waiting for paramedics to arrive with a defibrillator lowers the chance of survival by 10 percent.” Is this statement consistent with the given least-squares line? Explain.
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The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute time in minutes for 48 cities are as follows:
Click on the datafile logo to reference the data.
DATA file
Albuquerque
23.3
Jacksonville
26.2
Phoenix
28.3
Atlanta
28.3
Kansas City
23.4
Pittsburgh
25.0
Austin
24.6
Las Vegas
28.4
Portland
26.4
Baltimore
32.1
Little Rock
20.1
Providence
23.6
Boston
31.7
Los Angeles
32.2
Richmond
23.4
Charlotte
25.8
Louisville
21.4
Sacramento
25.8
Chicago
38.1
Memphis
23.8
Salt Lake City
20.2
Cincinnati
24.9
Miami
30.7
San Antonio
26.1
Cleveland
26.8
Milwaukee
24.8
San Diego
24.8
Columbus
23.4
Minneapolis
23.6
San Francisco
32.6
Dallas
28.5
Nashville
25.3
San Jose
28.5
Denver
28.1
New Orleans
31.7
Seattle
27.3
Detroit
29.3
New York
43.8
St. Louis
26.8
El Paso
24.4
Oklahoma City
22.0
Tucson
24.0
Fresno
23.0
Orlando
27.1
Tulsa
20.1
Indianapolis
24.8
Philadelphia
34.2
Washington, D.C.
32.8
a. What is the mean commute time for…
Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ millions)
20
12
30
7
10
5
6
15
10
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
days
Chapter 5 Solutions
Introduction To Statistics And Data Analysis
Ch. 5.1 - For each of the scatterplots shown, answer the...Ch. 5.1 - For each of the following pairs of variables,...Ch. 5.1 - For each of the following pairs of variables,...Ch. 5.1 - For each of the following pairs of variables,...Ch. 5.1 - Is the following statement correct? Explain why or...Ch. 5.1 - Draw a scatterplot for which r = 1.Ch. 5.1 - Draw a scatterplot for which r = 1.Ch. 5.1 - Each year J.D. Power and Associates surveys new...Ch. 5.1 - The accompanying data are x = Cost (cents per...Ch. 5.1 - The authors of the paper Flat-footedness Is Not a...
Ch. 5.1 - The paper The Relationship Between Cell Phone Use,...Ch. 5.1 - Data from the U.S. Federal Reserve Board (federal...Ch. 5.1 - The article 115K! The 13 Best Paying U.S....Ch. 5.1 - It may seem odd, but one of the ways biologists...Ch. 5.1 - An auction house released a list of 25 recently...Ch. 5.1 - A sample of automobiles traversing a certain...Ch. 5.2 - Two scatterplots are shown below. Explain why it...Ch. 5.2 - The authors of the paper Statistical Methods for...Ch. 5.2 - The accompanying data are a subset of data from...Ch. 5.2 - The authors of the paper Evaluating Existing...Ch. 5.2 - The authors of the paper referenced in the...Ch. 5.2 - A sample of 548 ethnically diverse students from...Ch. 5.2 - The relationship between hospital patient-to-nurse...Ch. 5.2 - The report Airline Quality Rating 2016...Ch. 5.2 - Acrylamide is a chemical that is sometimes found...Ch. 5.2 - Use the acrylamide data given in the previous...Ch. 5.2 - Studies have shown that people who suffer sudden...Ch. 5.2 - The data given in the previous exercise on x =...Ch. 5.2 - An article on the cost of housing in Califomia...Ch. 5.2 - The following data on sale price, size, and...Ch. 5.2 - Explain why it can be dangerous to use the...Ch. 5.2 - The sales manager of a large company selected a...Ch. 5.2 - Explain why the slope b of the least-squares line...Ch. 5.2 - Prob. 34ECh. 5.3 - Does it pay to stay in school? The report Trends...Ch. 5.3 - The data in the accompanying table is from the...Ch. 5.3 - The paper referenced in the previous exercise also...Ch. 5.3 - Consider the residual plot from the previous...Ch. 5.3 - The report Airline Quality Rating 2016...Ch. 5.3 - Acrylamide is a chemical that is sometimes found...Ch. 5.3 - Consider the scatterplot of acrylamide...Ch. 5.3 - Some types of algae have the potential to cause...Ch. 5.3 - The relationship between x = Total number of...Ch. 5.3 - The residuals from the least-squares line for the...Ch. 5.3 - The first Batman movie was made over 50 years ago...Ch. 5.3 - The article 115K! The 13 Best Paying U.S....Ch. 5.3 - The article Examined Life: What Stanley H. Kaplan...Ch. 5.3 - The accompanying data are a subset of data from...Ch. 5.3 - The article California State Parks Closure List...Ch. 5.3 - The article referenced in the previous exercise...Ch. 5.3 - A study was carried out to investigate the...Ch. 5.3 - Both r2 and se are used to assess the fit of a...Ch. 5.3 - Prob. 53ECh. 5.4 - The following data on x = Frying time (in seconds)...Ch. 5.4 - Use the information provided in the previous...Ch. 5.4 - The paper Aspects of Food Finding by Wintering...Ch. 5.4 - Food intake of grazing animals is limited by the...Ch. 5.4 - A study, described in the paper Prediction of...Ch. 5.4 - Prob. 59ECh. 5.4 - The following table gives the number of heart...Ch. 5.4 - Refer to the heart transplant data given in the...Ch. 5.4 - The paper Population Pressure and Agricultural...Ch. 5.4 - Determining the age of an animal can sometimes be...Ch. 5.5 - The paper How Lead Exposure Relates to Temporal...Ch. 5.5 - The following quote is from the paper Evaluation...Ch. 5 - The accompanying data represent x = Amount of...Ch. 5 - The paper A Cross-National Relationship Between...Ch. 5 - The following data on x = Score on a measure of...Ch. 5 - The paper Effects of Canine Parvovirus (CPV) on...Ch. 5 - The paper Depression, Body Mass Index, and Chronic...Ch. 5 - The paper Aspects of Food Finding by Wintering...Ch. 5 - Data on salmon availability (x) and the percentage...Ch. 5 - No tortilla chip lover likes soggy chips, so it is...Ch. 5 - The article Reduction is Soluble Protein and...Ch. 5 - The following quote is from the paper The Weight...Ch. 5 - An accurate assessment of oxygen consumption...Ch. 5 - Consider the four (x, y) pairs (0, 0), (1, 1), 1,...Ch. 5 - Prob. 1CRECh. 5 - Data from a survey of 1046 adults age 50 and older...Ch. 5 - Prob. 3CRECh. 5 - Prob. 4CRECh. 5 - Prob. 5CRECh. 5 - The amount of money spent each year on science,...Ch. 5 - Below are the data used to construct the time...Ch. 5 - In August 2009, Harris Interactive released the...Ch. 5 - Prob. 9CRECh. 5 - Prob. 10CRECh. 5 - Prob. 11CRECh. 5 - Prob. 12CRECh. 5 - Cost-to-charge ratios (the percentage of the...Ch. 5 - In the article Reproductive Biology of the Aquatic...Ch. 5 - Prob. 15CRECh. 5 - Anabolic steroid abuse has been increasing despite...Ch. 5 - Prob. 81ECh. 5 - Prob. 82ECh. 5 - Prob. 83ECh. 5 - Prob. 84ECh. 5 - Suppose the hypothetical data below are from a...Ch. 5 - Prob. 86E
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