Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card)

6th Edition

ISBN: 9780357191484

Author: David R. Anderson; Dennis J. Sweeney; Thomas A. Williams

Publisher: Cengage Learning US

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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Textbook Question

Chapter 6.2, Problem 18E

The average return for large-cap domestic stock funds over the three years 2009–2011 was 14.4% (AAII Journal, February 2012). Assume the three-year returns were normally distributed across funds with a standard deviation of 4.4%.

a. What is the probability an individual large-cap domestic stock fund had a three-year return of at least 20%?
b. What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less?
c. How big does the return have to be to put a domestic stock fund in the top 10% for the three-year period?

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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Chapter 6 Solutions

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card)

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. 4E Ch. 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. 14E Ch. 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. 27E Ch. 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. 43SE Ch. 6 - Prob. 44SE Ch. 6 - 53. Do you dislike waiting in line? Supermarket...Ch. 6 - 54. The time (in minutes) between telephone calls...

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