ELEMENTARY STATISTICS USING EXCEL
7th Edition
ISBN: 9780136921721
Author: Triola
Publisher: RENT PEARS
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Chapter 7.3, Problem 17BSC
To determine
To calculate: The minimum
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Suppose you are gambling on a roulette wheel. Each time the wheel is spun, the result is one of the outcomes 0, 1, and so on through 36. Of these outcomes, 18 are red, 18 are black, and 1 is green. On each spin you bet $5 that a red outcome will occur and $1 that the green outcome will occur. If red occurs, you win a net $4. (You win $10 from red and nothing from green.) If green occurs, you win a net $24. (You win $30 from green and nothing from red.) If black occurs, you lose everything you bet for a loss of $6.
a. Use simulation to generate 1,000 plays from this strategy. Each play should indicate the net amount won or lost. Then, based on these outcomes, calculate a 95% confidence interval for the total net amount won or lost from 1,000 plays of the game. (Round your answers to two decimal places and if your answer is negative value, enter "minus" sign.) I worked out the Upper Limit, but I can't seem to arrive at the correct answer for the Lower Limit. What is the Lower Limit?…
Let us suppose we have some article reported on a study of potential sources of injury to equine veterinarians conducted at a
university veterinary hospital. Forces on the hand were measured for several common activities that veterinarians engage in when
examining or treating horses. We will consider the forces on the hands for two tasks, lifting and using ultrasound. Assume that both
sample sizes are 6, the sample mean force for lifting was 6.2 pounds with standard deviation 1.5 pounds, and the sample mean force
for using ultrasound was 6.4 pounds with standard deviation 0.3 pounds. Assume that the standard deviations are known.
Suppose that you wanted to detect a true difference in mean force of 0.25 pounds on the hands for these two activities. Under the null
hypothesis, 40 0. What level of type II error would you recommend here?
=
Round your answer to four decimal places (e.g. 98.7654). Use α = 0.05.
β
= 0.0594
What sample size would be required?
Assume the sample sizes are to be…
Consider the hypothesis test Ho: 0
s² =
=
4.5; s² = 2.3. Use a
= 0.01.
=
σ against H₁: 6 > σ2. Suppose that the sample sizes are n₁ =
20 and 2
= 8, and that
(a) Test the hypothesis.
Round your answers to two decimal places (e.g. 98.76).
The test statistic is fo
=
1.96
The critical value is f
=
6.18
Conclusion:
fail to reject
the null hypothesis at a = 0.01.
(b) Construct the confidence interval on 02/2/622 which can be used to test the hypothesis:
(Round your answer to two decimal places (e.g. 98.76).)
035
Chapter 7 Solutions
ELEMENTARY STATISTICS USING EXCEL
Ch. 7.1 - Prob. 1BSCCh. 7.1 - Prob. 2BSCCh. 7.1 - 3. Notation For the poll described in Exercise 1,...Ch. 7.1 - 4. Confidence Levels Given specific sample data,...Ch. 7.1 - Prob. 5BSCCh. 7.1 - Prob. 6BSCCh. 7.1 - Prob. 7BSCCh. 7.1 - Prob. 8BSCCh. 7.1 - Prob. 9BSCCh. 7.1 - Prob. 10BSC
Ch. 7.1 - Prob. 11BSCCh. 7.1 - Prob. 12BSCCh. 7.1 - Prob. 13BSCCh. 7.1 - Prob. 14BSCCh. 7.1 - Prob. 15BSCCh. 7.1 - Prob. 16BSCCh. 7.1 - Critical Thinking. In Exercises 17–28, use the...Ch. 7.1 - Prob. 18BSCCh. 7.1 - Prob. 19BSCCh. 7.1 - Critical Thinking. In Exercises 17–28, use the...Ch. 7.1 - 21. Touch Therapy When she was 9 years of age,...Ch. 7.1 - Prob. 22BSCCh. 7.1 - Prob. 23BSCCh. 7.1 - Prob. 24BSCCh. 7.1 - Prob. 25BSCCh. 7.1 - Prob. 26BSCCh. 7.1 - Prob. 27BSCCh. 7.1 - Prob. 28BSCCh. 7.1 - Using Appendix B Data Sets. In Exercises 29 and...Ch. 7.1 - Prob. 30BSCCh. 7.1 - Prob. 31BSCCh. 7.1 - Prob. 32BSCCh. 7.1 - Prob. 33BSCCh. 7.1 - Determining Sample Size. In Exercises 31–38, use...Ch. 7.1 - Prob. 35BSCCh. 7.1 - Prob. 36BSCCh. 7.1 - Prob. 37BSCCh. 7.1 - Prob. 38BSCCh. 7.1 - Prob. 39BBCh. 7.1 - Prob. 40BBCh. 7.1 - Prob. 41BBCh. 7.2 - Prob. 1BSCCh. 7.2 - Statistical Literacy and Critical Thinking
In...Ch. 7.2 - Prob. 3BSCCh. 7.2 - Prob. 4BSCCh. 7.2 - Prob. 5BSCCh. 7.2 - Prob. 6BSCCh. 7.2 - Prob. 7BSCCh. 7.2 - Prob. 8BSCCh. 7.2 - Prob. 9BSCCh. 7.2 - Prob. 10BSCCh. 7.2 - Prob. 11BSCCh. 7.2 - Prob. 12BSCCh. 7.2 - Prob. 13BSCCh. 7.2 - Prob. 14BSCCh. 7.2 - Prob. 15BSCCh. 7.2 - Prob. 16BSCCh. 7.2 - Prob. 17BSCCh. 7.2 - Prob. 18BSCCh. 7.2 - Prob. 19BSCCh. 7.2 - Confidence Intervals. In Exercises 9–24, construct...Ch. 7.2 - Prob. 21BSCCh. 7.2 - Prob. 22BSCCh. 7.2 - Prob. 23BSCCh. 7.2 - Prob. 24BSCCh. 7.2 - Prob. 25BSCCh. 7.2 - Prob. 26BSCCh. 7.2 - Prob. 27BSCCh. 7.2 - Prob. 28BSCCh. 7.2 - Prob. 29BSCCh. 7.2 - Prob. 30BSCCh. 7.2 - Prob. 31BSCCh. 7.2 - Prob. 32BSCCh. 7.2 - Prob. 33BBCh. 7.2 - Prob. 34BBCh. 7.3 - Prob. 1BSCCh. 7.3 - Prob. 2BSCCh. 7.3 - Prob. 3BSCCh. 7.3 - Prob. 4BSCCh. 7.3 - Prob. 5BSCCh. 7.3 - Prob. 6BSCCh. 7.3 - Prob. 7BSCCh. 7.3 - Prob. 8BSCCh. 7.3 - Prob. 9BSCCh. 7.3 - Finding Confidence Intervals. In Exercises 9–16,...Ch. 7.3 - Prob. 11BSCCh. 7.3 - Prob. 12BSCCh. 7.3 - Prob. 13BSCCh. 7.3 - Prob. 14BSCCh. 7.3 - Prob. 15BSCCh. 7.3 - 16. Comparing Waiting Lines
a. The values listed...Ch. 7.3 - Prob. 17BSCCh. 7.3 - Prob. 18BSCCh. 7.3 - Prob. 19BSCCh. 7.3 - Prob. 20BSCCh. 7.3 - Prob. 23BBCh. 7.3 - Prob. 24BBCh. 7.4 - Prob. 3BSCCh. 7.4 - Prob. 5BSCCh. 7.4 - Prob. 6BSCCh. 7.4 - Prob. 7BSCCh. 7.4 - Prob. 8BSCCh. 7.4 - Prob. 9BSCCh. 7.4 - Prob. 10BSCCh. 7.4 - Prob. 18BSCCh. 7 - Prob. 2CQQCh. 7 - Prob. 3CQQCh. 7 - 4. Loose Change USA Today reported that 40% of...Ch. 7 - 5. Sample Size for Proportion Find the sample size...Ch. 7 - Prob. 7CQQCh. 7 - Prob. 8CQQCh. 7 - Prob. 9CQQCh. 7 - Prob. 10CQQCh. 7 - Prob. 1CRECh. 7 - Prob. 3CRECh. 7 - Prob. 1EP
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