STATISTICS F/BUSINESS+ECONOMICS-TEXT
13th Edition
ISBN: 9781305881884
Author: Anderson
Publisher: CENGAGE L
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Chapter 5.5, Problem 40E
A study conducted by the Pew Research Center showed that 75% of 18- to 34-year-olds living with their parents say they contribute to household expenses (The Wall Street Journal, October 22, 2012). Suppose that a random sample of fifteen 18- to 34-year-olds living with their parents is selected and asked if they contribute to household expenses.
- a. Is the selection of the fifteen 18- to 34-year-olds living with their parents a binomial experiment? Explain.
- b. If the sample shows that none of the fifteen 18- to 34-year-olds living with their parents contribute to household expenses, would you question the results of the Pew Research Study? Explain.
- c. What is the
probability that at least 10 of the fifteen 18- to 34-year-olds living with their parents contribute to household expenses?
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A medical test for a rare disease has the following characteristics:
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The disease occurs in 0.5% of the population.
A patient receives a positive test result.
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a) Define the relevant events and use Bayes’ Theorem to compute the probability that the patient actually has the disease.b) Explain why the result might seem counterintuitive, despite the high sensitivity and specificity.c) Discuss how prior probabilities influence posterior beliefs in Bayesian inference.d) Suppose a second, independent test with the same accuracy is conducted and is also positive. Update the probability that the patient has the disease.
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A real estate analyst is studying how house prices (Y) are related to house size in square feet (X). A simple
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Ŷ50,000+150X
YBoB₁X + €
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R² = 0.76
• Residuals show a fan-shaped pattern when plotted against fitted values.
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A factory machine produces metal rods whose lengths (in cm) follow a continuous uniform distribution on the interval [98, 102].
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Chapter 5 Solutions
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Ch. 5.1 - Consider the experiment of tossing a coin twice....Ch. 5.1 - Consider the experiment of a worker assembling a...Ch. 5.1 - Three students scheduled interviews for summer...Ch. 5.1 - In January the U.S. unemployment rate dropped to...Ch. 5.1 - To perform a certain type of blood analysis, lab...Ch. 5.1 - Listed is a series of experiments and associated...Ch. 5.2 - The probability distribution for the random...Ch. 5.2 - The following data were collected by counting the...Ch. 5.2 - For unemployed persons in the United States, the...Ch. 5.2 - The percent frequency distributions of job...
Ch. 5.2 - A technician services mailing machines at...Ch. 5.2 - Time Warner Cable provides television and Internet...Ch. 5.2 - A psychologist determined that the number of...Ch. 5.2 - The following table is a partial probability...Ch. 5.3 - The following table provides a probability...Ch. 5.3 - The following table provides a probability...Ch. 5.3 - During the summer of 2014, Coldstream Country Club...Ch. 5.3 - The American Housing Survey reported the following...Ch. 5.3 - West Virginia has one of the highest divorce rates...Ch. 5.3 - The probability distribution for damage claims...Ch. 5.3 - The following probability distributions of job...Ch. 5.3 - The demand for a product of Carolina Industries...Ch. 5.3 - In Gallups Annual Consumption Habits Poll,...Ch. 5.3 - The J. R. Ryland Computer Company is considering a...Ch. 5.4 - Given below is a bivariate distribution for the...Ch. 5.4 - A person is interested in constructing a...Ch. 5.4 - The Chamber of Commerce in a Canadian city has...Ch. 5.4 - PortaCom has developed a design for a high-quality...Ch. 5.4 - J.P. Morgan Asset Management publishes information...Ch. 5.4 - In addition to the information in exercise 29 on...Ch. 5.5 - Consider a binomial experiment with two trials and...Ch. 5.5 - Consider a binomial experiment with n = 10 and p =...Ch. 5.5 - Consider a binomial experiment with n = 20 and p =...Ch. 5.5 - For its Music 360 survey, Nielsen Co. asked...Ch. 5.5 - The Center for Medicare and Medical Services...Ch. 5.5 - When a new machine is functioning properly, only...Ch. 5.5 - According to a 2013 study by the Pew Research...Ch. 5.5 - Military radar and missile detection systems are...Ch. 5.5 - Market-share-analysis company Net Applications...Ch. 5.5 - A study conducted by the Pew Research Center...Ch. 5.5 - A university found that 20% of its students...Ch. 5.5 - A Gallup Poll showed that 30% of Americans are...Ch. 5.5 - According to a 2010 study conducted by the...Ch. 5.6 - Consider a Poisson distribution with = 3. a....Ch. 5.6 - Consider a Poisson distribution with a mean of two...Ch. 5.6 - Phone calls arrive at the rate of 48 per hour at...Ch. 5.6 - During the period of time that a local university...Ch. 5.6 - In 2011, New York City had a total of 11,232 motor...Ch. 5.6 - Airline passengers arrive randomly and...Ch. 5.6 - According to the National Oceanic and Atmospheric...Ch. 5.6 - Over 500 million tweets are sent per day (Digital...Ch. 5.7 - Suppose N = 10 and r = 3. Compute the...Ch. 5.7 - Suppose N = 15 and r = 4. What is the probability...Ch. 5.7 - A recent survey showed that a majority of...Ch. 5.7 - Blackjack, or twenty-one as it is frequently...Ch. 5.7 - Axline Computers manufactures personal computers...Ch. 5.7 - The Zagat Restaurant Survey provides food, decor,...Ch. 5.7 - The Troubled Asset Relief Program (TARP), passed...Ch. 5 - The U.S. Coast Guard (USCG) provides a wide...Ch. 5 - The Car Repair Ratings website provides consumer...Ch. 5 - The budgeting process for a midwestern college...Ch. 5 - A bookstore at the Hartsfield-Jackson Airport in...Ch. 5 - The Knowles/Armitage (KA) group at Merrill Lynch...Ch. 5 - The Pew Research Center surveyed adults who...Ch. 5 - The following table shows the percentage of...Ch. 5 - Many companies use a quality control technique...Ch. 5 - PBS News Hour reported that 39.4% of Americans...Ch. 5 - Mahoney Custom Home Builders, Inc. of Canyon Lake,...Ch. 5 - Cars arrive at a car wash randomly and...Ch. 5 - A new automated production process averages 1.5...Ch. 5 - A regional director responsible for business...Ch. 5 - Customer arrivals at a bank are random and...Ch. 5 - A deck of playing cards contains 52 cards, four of...Ch. 5 - U.S. News World Reports ranking of Americas best...Ch. 5 - Prob. 1CP
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