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Concept explainers
Factors that inhibit learning in marketing. What factors inhibit the learning process in the classroom? To answer this question, researchers at Murray State University surveyed 40 students from a senior-level marketing class (Marketing Education Review). Each student was given a list of factors and asked to rate the extent to which each factor inhibited the learning process in courses offered in their department. A 7-point rating scale was used, where 1 = “not at all” and 7 = “to a great extent.” The factor with the highest rating was instructor related: “Professors who place too much emphasis on a single right answer rather than overall thinking and creative ideas.” Summary statistics for the student ratings of this factor are
- a. Conduct a test to determine if the true mean rating for this instructor-related factor exceeds 4. Use α = .05. Interpret the test results.
- b. Examine the results of the study from a practical view, then discuss why “statistically significant” does not always imply “practically significant.”
- c. Because the variable of interest, rating, is measured on a 7-point scale, it is unlikely that the population of ratings will be
normally distributed. Consequently, some analysts may perceive the test, part a, to be invalid and search for alternative methods of analysis. Defend or refute this argument.
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Chapter 7 Solutions
EBK STATISTICS FOR BUSINESS AND ECONOMI
- I need help with this problem and an explanation of the solution for the image described below. (Statistics: Engineering Probabilities)arrow_forwardI need help with this problem and an explanation of the solution for the image described below. (Statistics: Engineering Probabilities)arrow_forwardDATA TABLE VALUES Meal Price ($) 22.78 31.90 33.89 22.77 18.04 23.29 35.28 42.38 36.88 38.55 41.68 25.73 34.19 31.75 25.24 26.32 19.57 36.57 32.97 36.83 30.17 37.29 25.37 24.71 28.79 32.83 43.00 35.23 34.76 33.06 27.73 31.89 38.47 39.42 40.72 43.92 36.51 45.25 33.51 29.17 30.54 26.74 37.93arrow_forward
- I need help with this problem and an explanation of the solution for the image described below. (Statistics: Engineering Probabilities)arrow_forwardSales personnel for Skillings Distributors submit weekly reports listing the customer contacts made during the week. A sample of 65 weekly reports showed a sample mean of 19.5 customer contacts per week. The sample standard deviation was 5.2. Provide 90% and 95% confidence intervals for the population mean number of weekly customer contacts for the sales personnel. 90% Confidence interval, to 2 decimals: ( , ) 95% Confidence interval, to 2 decimals:arrow_forwardA simple random sample of 40 items resulted in a sample mean of 25. The population standard deviation is 5. a. What is the standard error of the mean (to 2 decimals)? b. At 95% confidence, what is the margin of error (to 2 decimals)?arrow_forward
- mean trough level of the population to be 3.7 micrograms/mL. The researcher conducts a study among 93 newly diagnosed arthritis patients and finds the mean trough to be 4.1 micrograms/mL with a standard deviation of 2.4 micrograms/mL. The researcher wants to test at the 5% level of significance if the trough is different than previously reported or not. Z statistics will be used. Complete Step 5 of hypothesis testing: Conclusion. State whether or not you would reject the null hypothesis and why. Also interpret what this means (i.e. is the mean trough different from 3.7 or noarrow_forward30% of all college students major in STEM (Science, Technology, Engineering, and Math). If 48 college students are randomly selected, find the probability thata. Exactly 12 of them major in STEM. b. At most 17 of them major in STEM. c. At least 12 of them major in STEM. d. Between 9 and 13 (including 9 and 13) of them major in STEM.arrow_forward7% of all Americans live in poverty. If 40 Americans are randomly selected, find the probability thata. Exactly 4 of them live in poverty. b. At most 1 of them live in poverty. c. At least 1 of them live in poverty. d. Between 2 and 9 (including 2 and 9) of them live in poverty.arrow_forward
- 48% of all violent felons in the prison system are repeat offenders. If 40 violent felons are randomly selected, find the probability that a. Exactly 18 of them are repeat offenders. b. At most 18 of them are repeat offenders. c. At least 18 of them are repeat offenders. d. Between 17 and 21 (including 17 and 21) of them are repeat offenders.arrow_forwardConsider an MA(6) model with θ1 = 0.5, θ2 = −25, θ3 = 0.125, θ4 = −0.0625, θ5 = 0.03125, and θ6 = −0.015625. Find a much simpler model that has nearly the same ψ-weights.arrow_forwardLet {Yt} be an AR(2) process of the special form Yt = φ2Yt − 2 + et. Use first principles to find the range of values of φ2 for which the process is stationary.arrow_forward
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