EBK STATISTICS FOR BUSINESS & ECONOMICS
12th Edition
ISBN: 8220100460463
Author: Anderson
Publisher: CENGAGE L
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Textbook Question
Chapter 7.2, Problem 8E
The following stocks make up the Dow Jones Industrial Average (Barron’s, July 30, 2012).
- 1. 1.3M
- 2. AT&T
- 3. Alcoa
- 4. American Express
- 5. Bank of America
- 6. Boeing
- 7. Caterpillar
- 8. Chevron
- 9. Cisco Systems
- 10. Coca-Cola
- 11. Disney
- 12. DuPont
- 13. ExxonMobil
- 14. General Electric
- 15. Hewlett-Packard
- 16. Home Depot
- 17. IBM
- 18. Intel
- 19. Johnson & Johnson
- 20. Kraft Foods
- 21. McDonald’s
- 22. Merck
- 23. Microsoft
- 24. J.P. Morgan
- 25. Pfizer
- 26. Procter & Gamble
- 27. Travelers
- 28. United Technologies
- 29. Verizon
- 30. Wal-Mart
Suppose you would like to select a sample of six of these companies to conduct an in-depth study of management practices. Use the first two digits in each row of the ninth column of Table 7.1 to select a simple random sample of six companies.
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Suppose the Dow Jones Industrial Average went up 149.82 points. The following table shows the stock price changes for a sample of 12 companies on that day.
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JOHN&JOHN
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3. Suppose that the Dow Jones Industrial Average went up 149.82 points. The following table
shows the stock price changes for a sample of 12 companies on that day.
Price Change
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John & John.
Aflac
Bank of America
0.81
0.05
1.46
0.92
Loews Cp
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Cablevision
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Flour Cp
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2.37
SmpraEngy
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deviation
. If a startup churns 5.6% of its customers each month, then what is the average lifetime of a customer in months?
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Chapter 7 Solutions
EBK STATISTICS FOR BUSINESS & ECONOMICS
Ch. 7.2 - Consider a finite population with five elements...Ch. 7.2 - Assume a finite population has 350 elements. Using...Ch. 7.2 - Fortune publishes data on sales, profits, assets,...Ch. 7.2 - The 10 most active stocks on the New York Stock...Ch. 7.2 - A student government organization is interested in...Ch. 7.2 - The County and City Data Book, published by the...Ch. 7.2 - Assume that we want to identify a simple random...Ch. 7.2 - The following stocks make up the Dow Jones...Ch. 7.2 - The Wall Street Journal provides the net asset...Ch. 7.2 - Indicate which of the following situations involve...
Ch. 7.3 - The following data are from a simple random...Ch. 7.3 - A survey question for a sample of 150 individuals...Ch. 7.3 - A sample of 5 months of sales data provided the...Ch. 7.3 - BusinessWeek published information on 283 equity...Ch. 7.3 - Many drugs used to treat cancer are expensive....Ch. 7.3 - A sample of 426 U.S. adults age 50 and older were...Ch. 7.3 - The American Association of Individual Investors...Ch. 7.5 - A population has a mean of 200 and a standard...Ch. 7.5 - A population has a mean of 200 and a standard...Ch. 7.5 - Assume the population standard deviation is = 25....Ch. 7.5 - Suppose a random sample of size 50 is selected...Ch. 7.5 - Refer to the EAI sampling problem. Suppose a...Ch. 7.5 - In the EAI sampling problem (see Figure 7.5), we...Ch. 7.5 - Barrons reported that the average number of weeks...Ch. 7.5 - The College Board reported the following mean...Ch. 7.5 - The mean annual cost of automobile insurance is...Ch. 7.5 - The Economic Policy Institute periodically issues...Ch. 7.5 - The average score for male golfers is 95 and the...Ch. 7.5 - The mean preparation fee HR Block charged retail...Ch. 7.5 - To estimate the mean age for a population of 4000...Ch. 7.6 - A sample of size 100 is selected from a population...Ch. 7.6 - A population proportion is .40. A sample of size...Ch. 7.6 - Assume that the population proportion is .55....Ch. 7.6 - The population proportion is .30. What is the...Ch. 7.6 - The president of Doerman Distributors, Inc.,...Ch. 7.6 - The Wall Street Journal reported that the age at...Ch. 7.6 - People end up tossing 12% of what they buy at the...Ch. 7.6 - Forty-two percent of primary care doctors think...Ch. 7.6 - In 2008 the Better Business Bureau settled 75% of...Ch. 7.6 - The Grocery Manufacturers of America reported that...Ch. 7.6 - The Food Marketing Institute shows that 17% of...Ch. 7 - U.S. News World Report publishes comprehensive...Ch. 7 - The latest available data showed health...Ch. 7 - Foot Locker uses sales per square foot as a...Ch. 7 - The mean television viewing time for Americans is...Ch. 7 - After deducting grants based on need, the average...Ch. 7 - Three firms carry inventories that differ in size....Ch. 7 - A researcher reports survey results by stating...Ch. 7 - A production process is checked periodically by a...Ch. 7 - About 28% of private companies are owned by women...Ch. 7 - A market research firm conducts telephone surveys...Ch. 7 - Advertisers contract with Internet service...Ch. 7 - The proportion of individuals insured by the...Ch. 7 - Lori Jeffrey is a successful sales representative...
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