Loose Leaf for Statistical Techniques in Business and Economics (Mcgraw-hill/Irwin Series in Operations and Decision Sciences)
16th Edition
ISBN: 9780077639709
Author: Douglas A. Lind, William G Marchal, Samuel A. Wathen
Publisher: McGraw-Hill Education
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Chapter 7, Problem 69CE
To determine
Find the likelihood that more than 30 of the phone numbers selected are those of businesses.
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As part of their efforts, the executives also surveyed managers across the country to determinestaffing shortages. Managers were encouraged, but not required, to submit the survey. From theresponses they received, 45 out of 52 managers said they were either “severely understaffed” or“understaffed.”
Looking at the numbers, one of the executives is outraged. “How can we expect ourstores to be successful if almost 87% are understaffed?” Give a statistical response tothe executive to assure them that the staffing problem is probably not as bad as it seemsin the preliminary numbers.
One of the biggest issues facing e-retailers is the
ability to turn browsers into buyers. This is
measured by the conversion rate, the percentage
of browsers who buy something in their visit to
a site. The conversion rate for a company's
website was 10.1%. The website at the company
was redesigned in an attempt to increase its
conversion rates. A samples of 200 browsers at
the redesigned site was selected. Suppose that
29 browsers made a purchase. The company
officials would like to know if there is evidence
of an increase in conversion rate.
Which of the following is correct?
a. H0: p≥ 0.101 versus Hl: p 0.101,
reject Ho at 0.01 level of significance
O c. H0: p ≤ 0.101 versus Hl: p > 0.101,
reject HO
O d. H0: p≥ 0.101
not reject HO
significance
do
at 0.05 level of significance
versus Hl: p < 0.101,
at 0.05 level of
do
The Institute of Education Sciences measures the high school
dropout rate as the percentage of 16- through 24-year-olds
who are not enrolled in school and have not earned a high
school credential. In 2009, the high school dropout rate was
8.1%. A polling company recently took a survey of 1000
people between the ages of 16 and 24 and found 6.5% of
them are high school dropouts. The polling company would
like to determine whether the dropout rate has decreased at a
5% significance level.
reject HO we can conclude that the high school dropout
rate has decreased
reject HO we cannot conclude that the high school
dropout rate has decreased
do not reject HỒ we cannot conclude that the high
school dropout rate has decreased
do not reject HỒ we can conclude that the high school
dropout rate has decreased
Chapter 7 Solutions
Loose Leaf for Statistical Techniques in Business and Economics (Mcgraw-hill/Irwin Series in Operations and Decision Sciences)
Ch. 7 - Microwave ovens only last so long. The life-time...Ch. 7 - Prob. 1ECh. 7 - Prob. 2ECh. 7 - Prob. 3ECh. 7 - Prob. 4ECh. 7 - Prob. 5ECh. 7 - Prob. 6ECh. 7 - Prob. 2SRCh. 7 - The distribution of the annual incomes of a group...Ch. 7 - Explain what is meant by this statement: There is...
Ch. 7 - List the major characteristics of a normal...Ch. 7 - The mean of a normal probability distribution is...Ch. 7 - The mean of a normal probability distribution is...Ch. 7 - The Kamp family has twins, Rob and Rachel. Both...Ch. 7 - Prob. 12ECh. 7 - The temperature of coffee sold at the Coffee Bean...Ch. 7 - A normal population has a mean of 20.0 and a...Ch. 7 - A normal population has a mean of 12.2 and a...Ch. 7 - A recent study of the hourly wages of maintenance...Ch. 7 - The mean of a normal probability distribution is...Ch. 7 - Prob. 5SRCh. 7 - Prob. 17ECh. 7 - A normal population has a mean of 80.0 and a...Ch. 7 - According to the Internal Revenue Service, the...Ch. 7 - Prob. 20ECh. 7 - WNAE, an all-news AM station, finds that the...Ch. 7 - Prob. 22ECh. 7 - Prob. 6SRCh. 7 - A normal distribution has a mean of 50 and a...Ch. 7 - Prob. 24ECh. 7 - Prob. 25ECh. 7 - Prob. 26ECh. 7 - Prob. 27ECh. 7 - Prob. 28ECh. 7 - Prob. 29ECh. 7 - Prob. 30ECh. 7 - Prob. 7SRCh. 7 - Prob. 31ECh. 7 - Prob. 32ECh. 7 - Prob. 33ECh. 7 - Prob. 34ECh. 7 - Prob. 35ECh. 7 - Prob. 36ECh. 7 - Prob. 8SRCh. 7 - Prob. 37ECh. 7 - The lifetime of LCD TV sets follows an exponential...Ch. 7 - Prob. 39ECh. 7 - Prob. 40ECh. 7 - Prob. 41CECh. 7 - Prob. 42CECh. 7 - Prob. 43CECh. 7 - Prob. 44CECh. 7 - Prob. 45CECh. 7 - Prob. 46CECh. 7 - Prob. 47CECh. 7 - Prob. 48CECh. 7 - Shaver Manufacturing Inc. offers dental insurance...Ch. 7 - The annual commissions earned by sales...Ch. 7 - Prob. 51CECh. 7 - Prob. 52CECh. 7 - Management at Gordon Electronics is considering...Ch. 7 - Fast Service Truck Lines uses the Ford Super Duty...Ch. 7 - Prob. 55CECh. 7 - Prob. 56CECh. 7 - Prob. 57CECh. 7 - Prob. 58CECh. 7 - Prob. 59CECh. 7 - Prob. 60CECh. 7 - Prob. 61CECh. 7 - Prob. 62CECh. 7 - The weights of canned hams processed at Henline...Ch. 7 - Prob. 64CECh. 7 - Prob. 65CECh. 7 - The price of shares of Bank of Florida at the end...Ch. 7 - Prob. 67CECh. 7 - Prob. 68CECh. 7 - Prob. 69CECh. 7 - Prob. 70CECh. 7 - Prob. 71CECh. 7 - Prob. 72CECh. 7 - Prob. 73CECh. 7 - Prob. 74DECh. 7 - Prob. 75DECh. 7 - Prob. 76DECh. 7 - Prob. 1PCh. 7 - Prob. 2PCh. 7 - Prob. 3PCh. 7 - Prob. 4PCh. 7 - Prob. 5PCh. 7 - Prob. 6PCh. 7 - Prob. 1.1PTCh. 7 - Prob. 1.2PTCh. 7 - Prob. 1.3PTCh. 7 - Prob. 1.4PTCh. 7 - Prob. 1.5PTCh. 7 - Prob. 1.6PTCh. 7 - Which of the following is NOT a requirement of the...Ch. 7 - Prob. 1.8PTCh. 7 - How many standard normal distributions are there?...Ch. 7 - Prob. 1.10PTCh. 7 - Prob. 1.11PTCh. 7 - Prob. 1.12PTCh. 7 - Prob. 1.13PTCh. 7 - Prob. 1.14PTCh. 7 - Prob. 1.15PTCh. 7 - Prob. 2.1PTCh. 7 - Prob. 2.2PTCh. 7 - Prob. 2.3PTCh. 7 - Prob. 2.4PTCh. 7 - Prob. 2.5PTCh. 7 - Prob. 2.6PTCh. 7 - Prob. 2.7PT
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- In 2016 the Better Business Bureau settled 79% of complaints they received in the United States. Suppose you have been hired by the Better Business Burea to investigate the complaints they received this year involving new car dealers. You plan to select a sample of new car dealer complaints to estimate the proportion of complaints the Better Business Bureau is able to settle. Assume the population proportion of complaints settled for new car dealers is 0.79, the same as the overall proportion of complaints settled in 2016. Use the z-table. a. Suppose you select a sample of 200 complaints involving new car dealers. Show the sampling distribution of p. E(p) (to 2 decimals) (to 4 decimals) b. Based upon a sample of 200 complaints, what is the probability that the sample proportion will be within 0.05 of the population proportion (to 4 decimals)? probability : c. Suppose you select a sample of 430 complaints involving new car dealers. Show the sampling distribution of p. E(F) = (to 2…arrow_forwardProfessor X wants to compare a new approach to his teaching style. 24 students are matched according to their prior background and academic performance. One member of each pair is assigned to a class using his traditional teaching and the other to a class using his new teaching approach. At the end of the course, the level of learning is determined by an examination. The Dean of the business school wants to know if the students using the new approach learned more than those using traditional approach. Test at the 5% level of significance. To answer this question, Dr. Card ran several analyses and provided the out below. Note that none of these analyses might be correct. What is the correct hypothesis test for this problem? A. H0: (μ1 - μ2) = 0 H1: (μ1 - μ2) > 0 B. H0: μD = 0 H1: μD > 0 C. H0: μD = 0 H1: μD < 0 D. H0: (μ1 - μ2) = 0 H1: (μ1 - μ2) < 0 What is the conclusion? A. Do Not Reject H0 and conclude that students using the new…arrow_forwardMany investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day A sample of 55 stocks traded on the NYSE that day showed that 22 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly more than 0.3. You use a significance level of a =0.02. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic= What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value =arrow_forward
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