Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 6.2, Problem 17E
The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket (Bureau of Transportation Statistics website. November 2, 2012). Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are
- a. What is the
probability that a domestic airfare is $550 or more? - b. What is the probability that a domestic airfare is $250 or less?
- c. What if the probability that a domestic airfare is between $300 and $500?
- d. What is the cost for the highest 3% of domestic airfares?
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Question 1
A tech company has acknowledged the importance of having records of all meetings conducted.
The meetings are very fast paced and requires equipment that is able to capture the information in
the shortest possible time. There are two options, using a typewriter or a word processor. Fifteen
administrative assistants are selected and the amount of typing time in hours was recorded. The
results are given below:
1
2
3
4
5
6
7
8
9
10
11 12 13
14
15
typewriter
8.0 6.5
5.0 6.7
7.8
8.5
7.2
5.7
9.2
5.7 6.5
word processor 7.2 5.7
8.3
7.5
9.2
7.2
6.5
7.0
6.9
34
7.0 6.9
8.8
6.7
8.8 9.4 8.6 5.5 7.2
8.4
a. Test the hypothesis that the mean typing time in hours for typewriters is less than 7.0.
Use the 1% level of significance.
b. Construct a 90% confidence interval for the difference in mean typing time in hours,
where a difference is equal to the typing time in hours of word processors minus typing
time in hours of typewriter.
c. Using the 5% significance level, determine whether there is…
Illustrate 2/7×4/5 using a rectangular region. Explain your work. 
Write three other different proportions equivalent to the following using the same values as in the given proportion 3 foot over 1 yard equals X feet over 5 yards
Chapter 6 Solutions
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Ch. 6.1 - The random variable x is known to be uniformly...Ch. 6.1 - The random variable x is known to be uniformly...Ch. 6.1 - Cincinnati to Tampa Flight Time. Delta Airlines...Ch. 6.1 - Prob. 4ECh. 6.1 - 5. In October 2012, Apple introduced a much...Ch. 6.1 - 6. A Gallup Daily Tracking Survey found that the...Ch. 6.1 - 7. Suppose we are interested in bidding on a piece...Ch. 6.2 - Using Figure 6.4 as a guide, sketch a normal curve...Ch. 6.2 - A random variable is normally distributed with a...Ch. 6.2 - 10. Draw a graph for the standard normal...
Ch. 6.2 - 11. Given that z is a standard normal random...Ch. 6.2 - 12. Given that z is a standard normal random...Ch. 6.2 - 13. Given that z is a standard normal random...Ch. 6.2 - Prob. 14ECh. 6.2 - Given that z is a standard normal random variable,...Ch. 6.2 - Given that z is a standard normal random variable,...Ch. 6.2 - The mean cost of domestic airfares in the United...Ch. 6.2 - The average return for large-cap domestic stock...Ch. 6.2 - Automobile Repair Costs. Automobile repair costs...Ch. 6.2 - Gasoline Prices. Suppose that the average price...Ch. 6.2 - Mensa Membership. A person must score in the upper...Ch. 6.2 - Television Viewing. Suppose that the mean daily...Ch. 6.2 - Time to Complete Final Exam. The time needed to...Ch. 6.2 - Labor Day Travel Costs. The American Automobile...Ch. 6.2 - New York City is the most expensive city in the...Ch. 6.3 - 32. Consider the following exponential probability...Ch. 6.3 - Prob. 27ECh. 6.3 - 34. Battery life between charges for the Motorola...Ch. 6.3 - 35. The time between arrivals of vehicles at a...Ch. 6.3 - 36. Comcast Corporation is the largest cable...Ch. 6.3 - 37. Wendy’s restaurant has been recognized for...Ch. 6.3 - 38. The Boston Fire Department receives 911 calls...Ch. 6 - 39. A business executive, transferred from Chicago...Ch. 6 - NCAA Scholarships. The NCAA estimates that the...Ch. 6 - Production Defects. Motorola used the normal...Ch. 6 - During early 2012, economic hardship was...Ch. 6 - The port of South Louisiana, located along 54...Ch. 6 - Service Contract Offer. Ward Doering Auto Sales is...Ch. 6 - Wedding Costs. The XO Group Inc. conducted a 2015...Ch. 6 - College Admissions Test Scores. Assume that the...Ch. 6 - College Graduates Starting Salaries. According to...Ch. 6 - 48. A machine fills containers with a particular...Ch. 6 - Prob. 43SECh. 6 - Prob. 44SECh. 6 - 53. Do you dislike waiting in line? Supermarket...Ch. 6 - 54. The time (in minutes) between telephone calls...
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