Essentials of Statistics (6th Edition)
6th Edition
ISBN: 9780134685779
Author: Mario F. Triola
Publisher: PEARSON
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Textbook Question
Chapter 6.6, Problem 8BSC
Using Normal Approximation. In Exercises 5–8, do the following: If the requirements of np ≥ 5 and nq ≥ 5 are both satisfied, estimate the indicated
8. Guessing on Standard Tests With n = 50 guesses and p = 0.2 for a correct answer, find P(exactly 12 correct answers).
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Students have asked these similar questions
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12. A sociologist hypothesizes that the crime rate is higher in areas
with higher poverty rate and lower median income. She col-
lects data on the crime rate (crimes per 100,000 residents),
the poverty rate (in %), and the median income (in $1,000s)
from 41 New England cities. A portion of the regression results
is shown in the following table.
Standard
Coefficients
error
t stat
p-value
Intercept
-301.62
549.71
-0.55 0.5864
Poverty
53.16
14.22
3.74 0.0006
Income
4.95
8.26
0.60 0.5526
a.
b.
Are the signs as expected on the slope coefficients?
Predict the crime rate in an area with a poverty rate of
20% and a median income of $50,000.
3. Using data from 50 work
2. The owner of several used-car dealerships believes that the
selling price of a used car can best be predicted using the car's
age. He uses data on the recent selling price (in $) and age of
20 used sedans to estimate Price = Po + B₁Age + ε. A portion
of the regression results is shown in the accompanying table.
Standard
Coefficients
Intercept
21187.94
Error
733.42
t Stat p-value
28.89 1.56E-16
Age
-1208.25
128.95 -9.37
2.41E-08
a. What is the estimate for B₁? Interpret this value.
b. What is the sample regression equation?
C. Predict the selling price of a 5-year-old sedan.
ian income of $50,000.
erty rate of
13. Using data from 50 workers, a researcher estimates Wage =
Bo+B,Education + B₂Experience + B3Age+e, where Wage
is the hourly wage rate and Education, Experience, and Age
are the years of higher education, the years of experience, and
the age of the worker, respectively. A portion of the regression
results is shown in the following table. ni ogolloo bash
1
Standard
Coefficients error
t stat p-value
Intercept
7.87
4.09
1.93
0.0603
Education
1.44
0.34
4.24 0.0001
Experience
0.45
0.14
3.16
0.0028
Age
-0.01
0.08 -0.14 0.8920
a. Interpret the estimated coefficients for Education and
Experience.
b. Predict the hourly wage rate for a 30-year-old worker
with four years of higher education and three years of
experience.
Chapter 6 Solutions
Essentials of Statistics (6th Edition)
Ch. 6.1 - Normal Distribution Whats wrong with the following...Ch. 6.1 - Normal Distribution A normal distribution is...Ch. 6.1 - Standard Normal Distribution Identify the two...Ch. 6.1 - Notation What does the notation z indicate?Ch. 6.1 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.1 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.1 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.1 - Continuous Uniform Distribution. In Exercises 58,...Ch. 6.1 - Standard Normal Distribution. In Exercises 912,...Ch. 6.1 - Standard Normal Distribution. In Exercises 912,...
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