Understandable Statistics: Concepts and Methods

12th Edition

ISBN: 9781337119917

Author: Charles Henry Brase, Corrinne Pellillo Brase

Publisher: Cengage Learning

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Textbook Question

Chapter 7.2, Problem 16P

In Problems 13–19, assume that the population of x values has an approximately normal distribution.

Franchise: Candy Store Do you want to own your own candy store? With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below (Source: Entrepreneur Magazine, Vol. 23, No. 10).

Chapter 7.2, Problem 16P, In Problems 1319, assume that the population of x values has an approximately normal distribution.

(a) Use a calculator with mean and sample standard deviation keys to verify that x ¯ ≈ 106.9 thousand dollars and s ≈ 29.4 thousand dollars.
(b) Find a 90% confidence interval for the population average startup costs m for candy store franchises.
(c) Interpretation What does the confidence interval mean in the context of this problem?

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 7.2, Problem 15P

Chapter 7.2, Problem 17P

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The Springfield Daily Gazette has reported that the average salary for City of Springfield employees is $81,500. The Gazette is claiming that city employees’ salaries are too high, and many of the citizens (who pay the taxes to support the city) are upset. The city council has called a special meeting to discuss whether employee salaries should be cut by 10–15%. You have collected data on employee incomes for the city, as shown below. In a paragraph of at least five or six sentences, explain what the measures of central tendency and standard deviation tell about the income of city employees. Using this information, respond to city council members. Should employee salaries be reduced? Why or why not?City of Springfield Employee Income DataMean = $81,500Median = $35,000Mode = $35,000Standard Deviation = $147,367

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Chapter 7 Solutions

Understandable Statistics: Concepts and Methods

Ch. 7.1 - Basic Computation: Confidence Interval Suppose x...Ch. 7.1 - Basic Computation: Confidence Interval Suppose x...Ch. 7.1 - Basic Computation: Sample Size Suppose x has a...Ch. 7.1 - Basic Computation: Sample Size Suppose x has a...Ch. 7.1 - Zoology: Hummingbirds Allens hummingbird...Ch. 7.1 - Diagnostic Tests: Uric Acid Overproduction of uric...Ch. 7.1 - Diagnostic Tests: Plasma Volume Total plasma...Ch. 7.1 - Agriculture: Watermelon What price do farmers get...Ch. 7.1 - Prob. 19P Ch. 7.1 - Confidence Intervals: Values of A random sample...Ch. 7.1 - Confidence Intervals: Sample Size A random sample...Ch. 7.1 - Ecology: Sand Dunes At wind speeds above 1000...Ch. 7.1 - Prob. 23P Ch. 7.1 - Prob. 24P Ch. 7.1 - Prob. 25P Ch. 7.2 - Use Table 6 of Appendix II to find tc for a 0.95...Ch. 7.2 - Prob. 2P Ch. 7.2 - Prob. 3P Ch. 7.2 - Prob. 4P Ch. 7.2 - Prob. 5P Ch. 7.2 - Prob. 6P Ch. 7.2 - Prob. 7P Ch. 7.2 - Prob. 8P Ch. 7.2 - Prob. 9P Ch. 7.2 - Prob. 10P Ch. 7.2 - Basic Computation: Confidence Interval Suppose x...Ch. 7.2 - Basic Computation: Confidence Interval A random...Ch. 7.2 - In Problems 1319, assume that the population of x...Ch. 7.2 - In Problems 1319, assume that the population of x...Ch. 7.2 - In Problems 1319, assume that the population of x...Ch. 7.2 - In Problems 1319, assume that the population of x...Ch. 7.2 - In Problems 1319, assume that the population of x...Ch. 7.2 - Prob. 18P Ch. 7.2 - Prob. 19P Ch. 7.2 - Prob. 20P Ch. 7.2 - Prob. 21P Ch. 7.2 - Prob. 22P Ch. 7.2 - Prob. 23P Ch. 7.3 - For all these problems, carry at least four digits...Ch. 7.3 - Prob. 2P Ch. 7.3 - Prob. 3P Ch. 7.3 - Prob. 4P Ch. 7.3 - For all these problems, carry at least four digits...Ch. 7.3 - Prob. 6P Ch. 7.3 - Prob. 7P Ch. 7.3 - Prob. 8P Ch. 7.3 - Prob. 9P Ch. 7.3 - For all these problems, carry at least four digits...Ch. 7.3 - Prob. 11P Ch. 7.3 - Prob. 12P Ch. 7.3 - Prob. 13P Ch. 7.3 - For all these problems, carry at least four digits...Ch. 7.3 - Prob. 15P Ch. 7.3 - Prob. 16P Ch. 7.3 - Prob. 17P Ch. 7.3 - Prob. 18P Ch. 7.3 - Prob. 19P Ch. 7.3 - Prob. 20P Ch. 7.3 - Prob. 21P Ch. 7.3 - Prob. 22P Ch. 7.3 - Prob. 23P Ch. 7.3 - Prob. 24P Ch. 7.3 - Prob. 25P Ch. 7.3 - Prob. 26P Ch. 7.3 - Prob. 27P Ch. 7.3 - Prob. 28P Ch. 7.4 - Prob. 1P Ch. 7.4 - Prob. 2P Ch. 7.4 - Prob. 3P Ch. 7.4 - Prob. 4P Ch. 7.4 - Prob. 5P Ch. 7.4 - Prob. 6P Ch. 7.4 - Prob. 7P Ch. 7.4 - Prob. 8P Ch. 7.4 - Prob. 9P Ch. 7.4 - Prob. 10P Ch. 7.4 - Prob. 11P Ch. 7.4 - Prob. 12P Ch. 7.4 - Prob. 13P Ch. 7.4 - Prob. 14P Ch. 7.4 - Prob. 15P Ch. 7.4 - Prob. 16P Ch. 7.4 - Answers may vary slightly due to rounding....Ch. 7.4 - Prob. 18P Ch. 7.4 - Prob. 19P Ch. 7.4 - Prob. 20P Ch. 7.4 - Prob. 21P Ch. 7.4 - Prob. 22P Ch. 7.4 - Prob. 23P Ch. 7.4 - Prob. 24P Ch. 7.4 - Prob. 25P Ch. 7.4 - Prob. 26P Ch. 7.4 - Prob. 27P Ch. 7.4 - Prob. 28P Ch. 7.4 - Prob. 29P Ch. 7.4 - Prob. 30P Ch. 7.4 - Prob. 31P Ch. 7 - Prob. 1CRP Ch. 7 - Critical Thinking Suppose you are told that a 95%...Ch. 7 - Prob. 3CRP Ch. 7 - Prob. 4CRP Ch. 7 - Prob. 5CRP Ch. 7 - For Problems 419, categorize each problem...Ch. 7 - Prob. 7CRP Ch. 7 - For Problems 419, categorize each problem...Ch. 7 - Prob. 9CRP Ch. 7 - For Problems 419, categorize each problem...Ch. 7 - For Problems 419, categorize each problem...Ch. 7 - For Problems 419, categorize each problem...Ch. 7 - Prob. 13CRP Ch. 7 - Prob. 14CRP Ch. 7 - Prob. 15CRP Ch. 7 - For Problems 419, categorize each problem...Ch. 7 - Prob. 17CRP Ch. 7 - Prob. 18CRP Ch. 7 - Prob. 19CRP Ch. 7 - Prob. 1DH Ch. 7 - Prob. 2DH Ch. 7 - Prob. 3DH Ch. 7 - Prob. 1LC Ch. 7 - Prob. 2LC Ch. 7 - Prob. 3LC Ch. 7 - Prob. 1UT

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Solution Summary: The author explains how to check the mean and standard deviation by using the Ti 83 calculator.

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