Practical Business Math Procedures
12th Edition
ISBN: 9781259540554
Author: Jeffrey Slater, Sharon Wittry
Publisher: McGraw-Hill Education
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Chapter 7, Problem 7ECP
To determine
The net price and the trade discount.
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The systolic blood pressure of individuals is thought to be related to both age and weight. Let the systolic blood pressure, age, and weight be represented by the variables x1, x2, and x3, respectively. Suppose that Minitab was used to generate the following descriptive statistics, correlations, and regression analysis for a random sample of 15 individuals.
Descriptive Statistics
Variable
N
Mean
Median
TrMean
StDev
SE Mean
x 1
15
154.14
154.34
154.14
3.842
0.992000
x 2
15
59.69
60.19
59.69
1.462
0.377487
x 3
15
205.55
204.75
205.55
4.558
1.176871
Variable
Minimum
Maximum
Q1
Q3
x 1
125
178
141.803
167.244
x 2
41
80
47.754
78.415
x 3
126
240
140.395
224.008
Correlations (Pearson)
x 1
x 2
x 2
0.892
x 3
0.839
0.567
Regression Analysis
The regression equation is
x 1 = 0.883 + 1.257x2 + 0.871x3
Predictor
Coef
StDev
T
P
Constant
0.883
0.635
1.39
0.095
x 2
1.257
0.635
1.98
0.036
x 3
0.871
0.419
2.08
0.030
S = 0.428
R-sq = 92.7 %…
According to health professionals, a person’s weight is expected to increase with age. To examine that statement, a nutritionist collected data from 11 random females from different age categories between the ages of 21 and 43. In the following table, x is the age of a person and y is the weight in pounds.
x, age
21
24
27
29
31
33
35
38
40
42
43
y, weight in lb
121.4
122.3
130.3
131.7
133.3
134.6
136.7
138.4
140.3
142.0
145.1
Select the correct graph of the least-squares line on a scatter diagram.
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Chapter 7 Solutions
Practical Business Math Procedures
Ch. 7.1 - The list price of a dining room set with a 40%...Ch. 7.1 - The net price of a video system with a 30% trade...Ch. 7.1 - Lamps Outlet bought a shipment of lamps from a...Ch. 7.1 - Prob. 1EPQCh. 7.1 - Prob. 2EPQCh. 7.1 - Prob. 3EPQCh. 7.1 - Prob. 1AHCh. 7.1 - Calculate the net price for each of the following...Ch. 7.1 - Prob. 3AHCh. 7.1 - For each of the following, find the percent paid...
Ch. 7.1 - Prob. 5AHCh. 7.1 - Prob. 6AHCh. 7.1 - Prob. 7AHCh. 7.1 - Prob. 8AHCh. 7.1 - Prob. 9AHCh. 7.1 - Prob. 10AHCh. 7.1 - Prob. 11AHCh. 7.1 - Prob. 12AHCh. 7.1 - Prob. 13AHCh. 7.1 - Susan Monk teaches second grade and receives a...Ch. 7.2 - Complete the following table:
Ch. 7.2 - Complete the following table:
Ch. 7.2 - Prob. 3PQCh. 7.2 - Prob. 4PQCh. 7.2 - Prob. 5PQCh. 7.2 - Prob. 6PQCh. 7.2 - Prob. 7PQCh. 7.2 - Prob. 1EPQCh. 7.2 - Prob. 2EPQCh. 7.2 - Prob. 3EPQCh. 7.2 - Prob. 4EPQCh. 7.2 - Prob. 5EPQCh. 7.2 - Prob. 6EPQCh. 7.2 - Prob. 7EPQCh. 7.2 - Prob. 1AHCh. 7.2 - Prob. 2AHCh. 7.2 - Prob. 3AHCh. 7.2 - Prob. 4AHCh. 7.2 - Prob. 5AHCh. 7.2 - Prob. 6AHCh. 7.2 - Prob. 7AHCh. 7.2 - Prob. 8AHCh. 7.2 - Prob. 9AHCh. 7.2 - Dallas Ductworks offers cash discounts of 2/10,...Ch. 7.2 - Prob. 11AHCh. 7.2 - Prob. 12AHCh. 7.2 - Prob. 13AHCh. 7.2 - Todd’s Sporting Goods received an invoice for...Ch. 7 - Prob. 1ECPCh. 7 - For all problems, round your final answer to the...Ch. 7 - For all problems, round your final answer to the...Ch. 7 - Complete the following: LU 7-1(4)
Ch. 7 - Complete the following: LU 7-1(4)
Ch. 7 - Complete the following: LU 7-1(4)
Ch. 7 - Complete the following: LU 7-1(4)
Ch. 7 - Which of the following companies, A or B, gives a...Ch. 7 - Complete the following: LU 7-2(1)
Ch. 7 - Complete the following: LU 7-2(1)
Ch. 7 - Complete the following: LU 7-2(1)
Ch. 7 - Complete the following: LU 7-2(1)
Ch. 7 - Complete the following: LU 7-2(1)
Ch. 7 - Complete the following: LU 7-2(1)
Ch. 7 - Complete the following by calculating the cash...Ch. 7 - Prob. 16ECPCh. 7 - Complete the following by calculating the cash...Ch. 7 - Prob. 18ECPCh. 7 - Prob. 19ECPCh. 7 - Complete the following: LU 7-2(2)
Ch. 7 - The list price of a smartphone is $299. A local...Ch. 7 - A model NASCAR race car lists for $79.99 with a...Ch. 7 - Lucky you! You went to couponcabin.com and found a...Ch. 7 - Levin Furniture buys a living room set with a...Ch. 7 - Prob. 25ECPCh. 7 - Prob. 26ECPCh. 7 - Maplewood Supply received a $5,250 invoice dated...Ch. 7 - A local Sports Authority ordered 50 pairs of...Ch. 7 - Prob. 29ECPCh. 7 - Royal Furniture bought a sofa for $800. The sofa...Ch. 7 - Prob. 31ECPCh. 7 - Prob. 32ECPCh. 7 - Prob. 33ECPCh. 7 - Prob. 34ECPCh. 7 - Prob. 35ECPCh. 7 - Prob. 36ECPCh. 7 - Prob. 37ECPCh. 7 - Prob. 38ECPCh. 7 - Prob. 39ECPCh. 7 - Prob. 40ECPCh. 7 - Prob. 41ECPCh. 7 - Prob. 42ECPCh. 7 - Prob. 43ECPCh. 7 - Prob. 44ECPCh. 7 - Prob. 45ECPCh. 7 - Prob. 46ECPCh. 7 - Prob. 47ECPCh. 7 - The original price of a 2015 Honda Insight to the...Ch. 7 - On March 30, Century Television received an...Ch. 7 - Complete the following: LU 7-1(1)
Ch. 7 - Prob. 2PTCh. 7 - Prob. 3PTCh. 7 - Prob. 4PTCh. 7 - Prob. 5PTCh. 7 - Prob. 6PTCh. 7 - Prob. 7PTCh. 7 - Prob. 8PTCh. 7 - Prob. 9PT
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- Let x be a random variable that represents the percentage of successful free throws a professional basketball player makes in a season. Let y be a random variable that represents the percentage of successful field goals a professional basketball player makes in a season. A random sample of n = 6 professional basketball players gave the following information. x 82 69 73 84 74 64 y 42 48 46 46 46 42 Verify that ∑x =446, ∑y =270, ∑x2 =33,442, ∑y2 =12,180, ∑xy =20,070, and r = 0, and find the critical value for a test using a 5% level of significance claiming that ρis not equal than zero. Round your answer to three decimal places.arrow_forwardLet x be a random variable that represents the percentage of successful free throws a professional basketball player makes in a season. Let y be a random variable that represents the percentage of successful field goals a professional basketball player makes in a season. A random sample of n = 6 professional basketball players gave the following information. x 75 72 75 81 74 81 y 46 39 42 47 49 50 Verify that Se ࣈ 3.591,a ࣈ –10.145, bࣈ0.729, and , and find the predicted percentage of successful field goals for a player with x= 88%successful free throws. Round your answer to the nearest tenth of a percentarrow_forwardAn editor wants to analyze if there is a significant difference in the ratings of books in four different genres. Random samples of book ratings were collected for four different genres. The editor recorded ratings in a 0 to 10 scale in the following table. Fiction Novel Biography Science&Technology 8.5 8.4 6.2 9.1 5.3 5.3 5.5 4.3 7.7 4.2 7.0 9.7 5.1 9.8 9.3 5.2 6.9 8.6 6.7 7.9 4.8 7.1 6.9 8.4 Shall we reject or not reject the claim that there are no differences among the population means of book ratings for the different genres? Use.arrow_forward
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