Fundamentals of Statistics (5th Edition)
5th Edition
ISBN: 9780134508306
Author: Michael Sullivan III
Publisher: PEARSON
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Chapter 8, Problem 14CS
To determine
To compute: The summary statistics for the data in columns C181-C188.
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An business reviews data on the daily amount of calls it receives. Are the data discrete or continous?
why do you think the data presented this way?
2.62 For the period 2001–2008, the Bristol-Myers Squibb Company, Inc. reported the following amounts (in billions of dollars) for (1) net sales and (2) advertising and product promotion. The data are also in the file XR02062.
Source: Bristol-Myers Squibb Company, Annual Reports, 2005, 2008.
Year Net Sales Advertising/Promotion
2001 $16.612 $1.201
2002 16.208 1.143
2003 18.653 1.416
2004 19.380 1.411
2005 19.207 1.476
2006 16.208 1.304
2007 18.193 1.415
2008 20.597 1.550
For these data, construct a line graph that shows both net sales and expenditures for advertising/product promotion over time. Some would suggest that increases in advertising should be accompanied by increases in sales. Does your line graph support this?
Chapter 8 Solutions
Fundamentals of Statistics (5th Edition)
Ch. 8.1 - The _____ _____ of the sample mean, x, is the...Ch. 8.1 - Suppose a simple random sample of size n is drawn...Ch. 8.1 - The standard deviation of the sampling...Ch. 8.1 - True or False: The distribution of the sample...Ch. 8.1 - True or False: The distribution of the sample...Ch. 8.1 - True or False: To cut the standard error of the...Ch. 8.1 - A simple random sample of size n = 10 is obtained...Ch. 8.1 - A simple random sample of size n = 40 is obtained...Ch. 8.1 - In Problems 912, determine x and x from the given...Ch. 8.1 - In Problems 912, determine x and x from the given...
Ch. 8.1 - In Problems 912, determine x and x from the given...Ch. 8.1 - In Problems 912, determine x and x from the given...Ch. 8.1 - Answer the following questions for the sampling...Ch. 8.1 - Answer the following questions for the sampling...Ch. 8.1 - A simple random sample of size n = 49 is obtained...Ch. 8.1 - A simple random sample of size n = 36 is obtained...Ch. 8.1 - A simple random sample of size n = 12 is obtained...Ch. 8.1 - A simple random sample of size n = 20 is obtained...Ch. 8.1 - NW Gestation Period The length of human...Ch. 8.1 - Upper Leg Length The upper leg length of 20- to...Ch. 8.1 - Reading Rates The reading speed of second grade...Ch. 8.1 - Old Faithful The most famous geyser in the world....Ch. 8.1 - Rates of Return in Stocks The SP 500 is a...Ch. 8.1 - Winning Poker A very good poker player is expected...Ch. 8.1 - NW Oil Change The shape of the distribution of the...Ch. 8.1 - Time Spent in the Drive-Through The...Ch. 8.1 - Insect Fragments The Food and Drug Administration...Ch. 8.1 - Burger Kings Drive-Through Suppose that cars...Ch. 8.1 - Watching Television The amount of time Americans...Ch. 8.1 - ATM Withdrawals According to Crown ATM Network,...Ch. 8.1 - Sampling Distributions The following data...Ch. 8.1 - Sampling Distributions The following data...Ch. 8.1 - Putting It Together: Playing Roulette In the game...Ch. 8.1 - Explain what a sampling distribution is.Ch. 8.1 - State the Central Limit Theorem.Ch. 8.1 - We assume that we are obtaining simple random...Ch. 8.1 - Without doing any computation, decide which has a...Ch. 8.1 - For the three probability distributions shown,...Ch. 8.1 - Suppose Jack and Diane are each attempting to use...Ch. 8.1 - Sleepy Suppose you want to study the number of...Ch. 8.1 - Sleepy Again Suppose you want to study the number...Ch. 8.1 - Bull Markets A bull market is defined as a market...Ch. 8.2 - In a town of 500 households, 220 have a dog. The...Ch. 8.2 - The _____ _____, denoted p, is given by the...Ch. 8.2 - True or False: The population proportion and...Ch. 8.2 - True or False: The mean of the sampling...Ch. 8.2 - Describe the circumstances under which the shape...Ch. 8.2 - What happens to the standard deviation of p as the...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - A simple random sample of size n = 75 is obtained...Ch. 8.2 - A simple random sample of size n = 200 is obtained...Ch. 8.2 - Prob. 13AYUCh. 8.2 - A simple random sample of size n = 1460 is...Ch. 8.2 - Foreign Language According to a study done by...Ch. 8.2 - Are You Satisfied? According to a study done by...Ch. 8.2 - NW Marriage Obsolete? According to a study done by...Ch. 8.2 - Credit Cards According to creditcard.com, 29% of...Ch. 8.2 - Afraid to Fly According to a study conducted by...Ch. 8.2 - Having Children? The Pew Research Center recently...Ch. 8.2 - Election Prediction Exit polling is a popular...Ch. 8.2 - Acceptance Sampling A shipment of 50,000...Ch. 8.2 - Social Security Reform A researcher studying...Ch. 8.2 - Prob. 24AYUCh. 8.2 - Reincarnation Suppose 21% of all American teens...Ch. 8.2 - Assessments Consider the homeowners association...Ch. 8.2 - Airline Reservations In Chapter 6, We learned that...Ch. 8.2 - Finite Population Correction Factor In this...Ch. 8.2 - Fumbles The New England Patriots made headlines...Ch. 8 - In your own words, explain what a sampling...Ch. 8 - Prob. 2RECh. 8 - Under what conditions is the sampling distribution...Ch. 8 - Prob. 4RECh. 8 - Energy Need during Pregnancy The total energy need...Ch. 8 - Copper Tubing A machine at KA Tube Manufacturing...Ch. 8 - Number of Televisions Based on data obtained from...Ch. 8 - Entrepreneurship A Gallup survey indicated that...Ch. 8 - Advanced Degrees According to the U.S. Census...Ch. 8 - Variability in Baseball Suppose, during the course...Ch. 8 - Prob. 1CTCh. 8 - Prob. 2CTCh. 8 - The charge life of a certain lithium ion battery...Ch. 8 - A machine used for filling plastic bottles with a...Ch. 8 - Prob. 5CTCh. 8 - Prob. 6CTCh. 8 - Prob. 7CTCh. 8 - Using statistical software, generate 250 samples...Ch. 8 - Prob. 2CSCh. 8 - Prob. 3CSCh. 8 - Prob. 4CSCh. 8 - Prob. 5CSCh. 8 - Prob. 6CSCh. 8 - Prob. 7CSCh. 8 - Prob. 8CSCh. 8 - Prob. 9CSCh. 8 - Prob. 10CSCh. 8 - Prob. 11CSCh. 8 - Prob. 12CSCh. 8 - Repeat parts 11 and 12 for samples of size 20...Ch. 8 - Prob. 14CSCh. 8 - How do the averages of your sample means compare...Ch. 8 - Prob. 16CSCh. 8 - Prob. 17CSCh. 8 - Construct histograms for each column of summary...Ch. 8 - Prob. 19CS
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- Show on excelarrow_forwardtion 2 of 15 Last summer, the Smith family drove through seven different states and visited various popular landmarks. The prices of gasoline in dollars per gallon varied from state to state and are listed below. $2.34, $2.75, $2.48, $3.58, $2.87, $2.53, $3.31 Click to download the data in your preferred format. CrunchIt! CSV Excel JMP Mac Text Minitab PC Text R SPSS TI Calc Calculate the range of the price of gas. Give your solution to the nearest cent. range: dollars per gallon DELL & 4. 7 8.arrow_forwardWould the number of items in your grocery cart be discrete or continuous data?arrow_forward
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- A sociologist studying the justice system has just written a paper detailing her findings after examining the records of thousands of inmates. Among other things, she looked at the time spent in prison by inmates who had been sentenced to 5– 10 years for a felony conviction. The histogram below, which appears in her paper, summarizes the time spent in prison for each of 50 such inmates. Frequency 20 20- 15 15- 10- 5 5 5 5+ 0- 20 60 Time spent in prison (in months) 40 80 100 120 Based on this histogram, estimate the standard deviation of the sample of 50 prison terms. Carry your intermediate computations to at least four decimal places, and round your answer to at least one decimal place. (If necessary, consult a list of formulas.)arrow_forwardA food bank investigates if the number of times their donors walk by a homeless person each week impacts donors’ charitable contribution to the food bank. The data are presented below in standard form. # of homeless people seen each week Donation to food bank Donor ZX ZY 1 -1.3 0.36 2 0.64 -0.09 3 -1.1 1.26 4 -0.14 0.14 5 1.41 -0.54 6 -0.52 -0.09 7 1.03 -1.9 8 0.64 -0.99 9 0.83 0.36 10 -1.49 1.49 What does ΣZXZY equal? A) 941B) 7.86C) -7.16D) -4.44 What is the correlation (Pearson’s r) between the number of homeless people donors see each week and their donation to the food bank (rounded to 2 decimal places)? A) .98B) -.80C) .72D) -.56 What is the obtained t-value for this r? A) -2.96B) -16.35C) -3.72D) -1.89 What are the degrees of freedom? A) 4B) 20C) 8D) 10 What is the critical t-value? A) 3.68B) 2.31C) 2.01D) 3.30 What is your conclusion? A) There is…arrow_forwardA food bank investigates if the number of times their donors walk by a homeless person each week impacts donors’ charitable contribution to the food bank. The data are presented below in standard form. # of homeless people seen each week Donation to food bank Donor ZX ZY 1 -1.3 0.36 2 0.64 -0.09 3 -1.1 1.26 4 -0.14 0.14 5 1.41 -0.54 6 -0.52 -0.09 7 1.03 -1.9 8 0.64 -0.99 9 0.83 0.36 10 -1.49 1.49 What does ΣZXZY equal? A) 941B) 7.86C) -7.16D) -4.44 What is the correlation (Pearson’s r) between the number of homeless people donors see each week and their donation to the food bank (rounded to 2 decimal places)? A) .98B) -.80C) .72D) -.56 What is the obtained t-value for this r? A) -2.96B) -16.35C) -3.72D) -1.89arrow_forward
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