ESSEN OF BUSINESS ANALYTICS (LL) BOM
2nd Edition
ISBN: 9781337128629
Author: Camm
Publisher: CENGAGE L
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Textbook Question
Chapter 6, Problem 20P
According to Thomson Financial, last year the majority of companies reporting profits had beaten estimates. A sample of 162 companies showed that 104 beat estimates, 29 matched estimates, and 29 fell short.
- a. What is the point estimate of the proportion that fell short of estimates?
- b. Determine the margin of error and provide a 95% confidence interval for the proportion that beat estimates.
- c. How large a sample is needed if the desired margin of error is 0.05?
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Section 2.2 Subsets
71
Exercise Set 2.2
Practice Exercises
In Exercises 1-18, write or in each blank so that the resulting
statement is true.
1. {1, 2, 5}
{1, 2, 3, 4, 5, 6, 7}
2. {2, 3, 7}
{1, 2, 3, 4, 5, 6, 7}
3. {-3, 0, 3}
{-4,-3,-1, 1, 3, 4}
4. {-4, 0, 4}
5. {Monday, Friday}
{-3, -1, 1, 3}
{Saturday, Sunday, Monday, Tuesday, Wednesday}
6. {Mercury, Venus, Earth}
{Venus, Earth, Mars, Jupiter}
7. {x/x is a cat}
{xx is a black cat}
{x|x is a pure-bred dog}
ibrary
mbers,
ause the
entire
sual
8. {xx is a dog}
9. (c, o, n, v, e, r, s, a, t, i, o, n}
{v, o, i, c, e, s, r, a, n, t, o, n}
10. [r, e, v, o, l, u, t, i, o, n}
{t, o, l, o, v, e, r, u, i, n}
33. A = {x|x E N
and
5 < x < 12}
B
=
{x|x E N
and
2 ≤ x ≤ 11}
A_ B
34. A =
{x|x = N
and
3 < x < 10}
B =
A.
{x|x = N
and
2 ≤ x ≤ 8}
B
35. Ø
{7, 8, 9,..., 100}
36. Ø
_{101, 102, 103, . . ., 200}
37. [7, 8, 9,...}
38. [101, 102, 103, ...}
39. Ø
40. { }
{ }
e
In Exercises 41-54, determine whether each statement is true or
false. If…
A = 5.8271 ± 0.1497
=
B 1.77872 ± 0.01133
C=0.57729 ± 0.00908
1. Find the relative uncertainty of A, B, and C
2. Find A-3
3. Find 7B
4. Find A + B
5. Find A B-B
-
6. Find A * B
7. Find C/B
8. Find 3/A
9. Find A 0.3B
-
10. Find C/T
11. Find 1/√A
12. Find AB²
Why charts,graphs,table??? difference between regression and correlation analysis.
Chapter 6 Solutions
ESSEN OF BUSINESS ANALYTICS (LL) BOM
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Ch. 6 - The president of Doerman Distributors, Inc.,...Ch. 6 - Prob. 12PCh. 6 - People end up tossing 12% of what they buy at the...Ch. 6 - Prob. 14PCh. 6 - The International Air Transport Association...Ch. 6 - Prob. 16PCh. 6 - Health insurers are beginning to offer...Ch. 6 - The average annual premium for automobile...Ch. 6 - Prob. 19PCh. 6 - According to Thomson Financial, last year the...Ch. 6 - The Pew Research Center Internet Project conducted...Ch. 6 - For many years businesses have struggled with the...Ch. 6 - The manager of the Danvers-Hilton Resort Hotel...Ch. 6 - The manager of an automobile dealership is...Ch. 6 - A production line operation is designed to fill...Ch. 6 - Because of high production-changeover time and...Ch. 6 - Duke Energy reported that the cost of electricity...Ch. 6 - Prob. 28PCh. 6 - Carpetland salespersons average 8,000 per week in...Ch. 6 - Suppose a new production method will be...Ch. 6 - Prob. 31PCh. 6 - A shareholders’ group, in lodging a protest,...Ch. 6 - Prob. 33PCh. 6 - Prob. 34PCh. 6 - Prob. 35PCh. 6 - According to the National Automobile Dealers...Ch. 6 - What percentage of the population live in their...Ch. 6 - Prob. 38PCh. 6 - Ten years ago 53% of American families owned...Ch. 6 - Prob. 40PCh. 6 - Prob. 41PCh. 6 - Prob. 42PCh. 6 - The Port Authority sells a wide variety of cables...Ch. 6 - The Port Authority also wants to determine if the...Ch. 6 - Prob. 1C
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