Essentials of Statistics for the Behavioral Sciences
8th Edition
ISBN: 9781133956570
Author: Frederick J Gravetter, Larry B. Wallnau
Publisher: Cengage Learning
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Chapter 7.4, Problem 4LC
To determine
To find: The population standard deviation.
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You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below.
please do it step by step on excel
Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship.
Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship.
Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size).
Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple…
Chapter 7 Solutions
Essentials of Statistics for the Behavioral Sciences
Ch. 7.2 - A population has a mean of = 65 and a standard...Ch. 7.2 - Describe the relationship between the sample size...Ch. 7.2 - For a population with of = 40 and a standard...Ch. 7.3 - A sample is selected from a population with a mean...Ch. 7.3 - What is the probability of obtaining a sample mean...Ch. 7.3 - What are the boundaries for the middle 50% of all...Ch. 7.4 - If a sample is selected from a population with a...Ch. 7.4 - Can the value of the standard error ever be larger...Ch. 7.4 - Prob. 3LCCh. 7.4 - Prob. 4LC
Ch. 7.5 - A population forms a normal distribution with a...Ch. 7.5 - A population forms a normal shaped distribution...Ch. 7.5 - The SAT scores for the entering freshman class at...Ch. 7.5 - Prob. 4LCCh. 7 - Describe the distribution of sample means (shape,...Ch. 7 - A sample is selected from a population with a mean...Ch. 7 - The distribution of sample means is not always a...Ch. 7 - A population has a standard deviation of = 24. a....Ch. 7 - For a population with a mean of = 70 and a...Ch. 7 - For a population with a standard deviation of =...Ch. 7 - For a population with = 12, how large a sample is...Ch. 7 - For a sample of n = 25 scores, what is the value...Ch. 7 - For a population with a mean of = 80 and a...Ch. 7 - A sample of n = 4 scores has a mean of M = 75....Ch. 7 - A normal distribution has a mean of = 60 and a...Ch. 7 - A random sample is obtained from a normal...Ch. 7 - The population of IQ scores forms a normal...Ch. 7 - The scores on a standardized mathematics test for...Ch. 7 - A normal distribution has a mean of = 54 and...Ch. 7 - A population of scores forms a normal distribution...Ch. 7 - For random samples of size n = 25 selected from a...Ch. 7 - The distribution ages for students at the state...Ch. 7 - At the end of the spring semester, the Dean of...Ch. 7 - Jumbo shrimp are those that require 10 to 15...Ch. 7 - The average age for licensed drivers in the county...Ch. 7 - Callahan (2009) conducted a study to evaluate the...Ch. 7 - Xu and Garcia (2008) conducted a research study...
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- Scenario Sales of products by color follow a peculiar, but predictable, pattern that determines how many units will sell in any given year. This pattern is shown below Product Color 1995 1996 1997 Red 28 42 21 1998 23 1999 29 2000 2001 2002 Unit Sales 2003 2004 15 8 4 2 1 2005 2006 discontinued Green 26 39 20 22 28 14 7 4 2 White 43 65 33 36 45 23 12 Brown 58 87 44 48 60 Yellow 37 56 28 31 Black 28 42 21 Orange 19 29 Purple Total 28 42 21 49 68 78 95 123 176 181 164 127 24 179 Questions A) Which color will sell the most units in 2007? B) Which color will sell the most units combined in the 2007 to 2009 period? Please show all your analysis, leave formulas in cells, and specify any assumptions you make.arrow_forwardOne hundred students were surveyed about their preference between dogs and cats. The following two-way table displays data for the sample of students who responded to the survey. Preference Male Female TOTAL Prefers dogs \[36\] \[20\] \[56\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] problem 1 Find the probability that a randomly selected student prefers dogs.Enter your answer as a fraction or decimal. \[P\left(\text{prefers dogs}\right)=\] Incorrect Check Hide explanation Preference Male Female TOTAL Prefers dogs \[\blueD{36}\] \[\blueD{20}\] \[\blueE{56}\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] There were \[\blueE{56}\] students in the sample who preferred dogs out of \[100\] total students.arrow_forwardBusiness discussarrow_forward
- You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear regression model. Interpret the…arrow_forwardDoes there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. How to take snapshots: if you use a MacBook, press Command+ Shift+4 to take snapshots. If you are using Windows, use the Snipping Tool to take snapshots. Question 1: Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Value of correlation coefficient: Direction of the relationship (positive, negative, or zero relationship): Strength of the relationship (strong/moderate/weak): Question 2: Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size. (The answer for the…arrow_forwardIn this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0 given (under the measure P) by d.St 0.03 St dt + 0.2 St dwt, with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to price an option on this stock (which we name cubic put). This option is European-type, with maturity 3 months (i.e. T = 0.25 years), and payoff given by F = (8-5)+ (a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure Q. (You don't need to prove it, simply give the answer.) (b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2. (c) Let X = S. Find the Stochastic Differential Equation satisfied by the process (Xt) under the measure Q. (d) Find an explicit expression for X₁ = S3 under measure Q. (e) Using the results above, find the price of the cubic put option mentioned above. (f) Is the price in (e) the same as in question (b)? (Explain why.)arrow_forward
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