Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
6th Edition
ISBN: 9781337589383
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 7.3, Problem 8E
a.
To determine
Find the point estimate of the proportion in the population who respond yes.
b.
To determine
Find the point estimate of the proportion in the population who responded no.
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In a survey of 2727 adults, 1463 say they have started paying bills online in the last year.
Construct a 99% confidence interval for the population proportion. Interpret the results.
A 99% confidence interval for the population proportion is
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Interpret your results. Choose the correct answer below.
(D).
A. With 99% confidence, it can be said that the population proportion of adults who say they have started paying bills online in the last year is between the endpoints of the given confidence
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B. With 99% confidence, it can be said that the sample proportion of adults who say they have started paying bills online in the last year is between the endpoints of the given confidence
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○ C. The endpoints of the given confidence interval show that adults pay bills online 99% of the time.
A research center claims that at least 28% of adults in a certain country think that their taxes will be audited. In a random sample of 600 adults in that country in a recent year, 25% say they are
concerned that their taxes will be audited. At a = 0.10, is there enough evidence to reject the center's claim? Complete parts (a) through (d) below.
...
(a) Identify the claim and state Ho and Ha.
Identify the claim in this scenario. Select the correct choice below and fill in the answer box to complete your choice.
(Type an integer or a decimal. Do not round.)
A. At least
B. Less than
% of adults in the country think that their taxes will be audited.
% of adults in the country think that their taxes will be audited.
C. The percentage of adults in the country who think that their taxes will be audited is not %.
D.
% of adults in the country think that their taxes will be audited.
Let p be the population proportion of successes, where a success is an adult in the country who thinks that…
The table shows the total square footage (in billions) of retailing space at shopping centers and their sales (in billions of dollars) for 10 years. Construct a 90% prediction interval for sales when the
total square footage is 5.7 billion. The equation of the regression line is y = 567.939x - 1985.560.
Total
4.9 5.2 5.3 5.4
5.5
5.6
5.9
5.9 5.9 6.1
Square Footage, x
Sales, y
880.1 935.5 989.5 1056.9 1100.7 1201.9 1283.4 1346.3 1434.8 1549.5
Click the icon to view a table of critical values for the t-distribution.
Construct a 90% prediction interval for the sales when the total square footage is 5.7 billion. Choose the correct prediction interval below, rounded to the nearest million dollars.
Chapter 7 Solutions
Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
Ch. 7.2 - Consider a finite population with five elements...Ch. 7.2 - Assume a finite population has 10 elements. Number...Ch. 7.2 - The 2012 American League consists of 14 baseball...Ch. 7.2 - The U.S. Golf Association has instituted a ban on...Ch. 7.2 - In this section we used a two-step procedure to...Ch. 7.2 - 10. Indicate which of the following situations...Ch. 7.3 - 11. The following data are from a simple random...Ch. 7.3 - Prob. 8ECh. 7.3 - Prob. 9ECh. 7.3 - 14. Morningstar publishes ratings data on 1208...
Ch. 7.3 - 15. The National Football League (NFL) polls fans...Ch. 7.3 - AARP Survey. In a sample of 426 U.S. adults age 50...Ch. 7.3 - 17. One of the questions in the Pew Internet &...Ch. 7.3 - In this section we showed how a simple random...Ch. 7.5 - 19. A population has a mean of 200 and a standard...Ch. 7.5 - Prob. 16ECh. 7.5 - 21. 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 7.8), we...Ch. 7.5 - 24. Barron’s reported that the average number of...Ch. 7.5 - The average full-sized front-loading Energy Star...Ch. 7.5 - Federal Income Tax Returns. The Wall Street...Ch. 7.5 - 27. The Economic Policy Institute periodically...Ch. 7.5 - State Rainfalls. The state of California has a...Ch. 7.5 - The mean preparation fee H&R Block charged retail...Ch. 7.5 - 30. To estimate the mean age for a population of...Ch. 7.6 - 31. A sample of size 100 is selected from a...Ch. 7.6 - 32. A population proportion is .40. A sample of...Ch. 7.6 - Prob. 29ECh. 7.6 - 34. The population proportion is .30. What is the...Ch. 7.6 - Prob. 31ECh. 7.6 - 36. The Wall Street Journal reported that the age...Ch. 7.6 - Seventy two percent of American adults have read a...Ch. 7.6 - Unnecessary Medical Care. According to Reader’s...Ch. 7.6 - Thirty-six percent of all Americans drink bottled...Ch. 7.6 - Prob. 36ECh. 7.6 - 41. The Food Marketing Institute shows that 17% of...Ch. 7.8 - Martina Levitt, director of marketing for the...Ch. 7.8 - Consider the Spontanversation sampling problem for...Ch. 7.8 - The Wall Street Journal reported that 37% of all...Ch. 7.8 - The vice president of sales for Blasterman...Ch. 7 - Shadow Stocks. Jack Lawler, a financial analyst,...Ch. 7 - 43. The latest available data showed health...Ch. 7 - 44. Foot Locker uses sales per square foot as a...Ch. 7 - 45. Allegiant Airlines charges a mean base fare of...Ch. 7 - 46. After deducting grants based on need, the...Ch. 7 - Prob. 47SECh. 7 - Prob. 48SECh. 7 - Production Quality Control. A production process...Ch. 7 - Prob. 50SECh. 7 - Prob. 51SECh. 7 - Prob. 52SECh. 7 - Prob. 53SECh. 7 - 54. Lori Jeffrey is a successful sales...Ch. 7 - Managerial Report
Prepare a managerial report that...
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