Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Textbook Question
Chapter 8, Problem 4PS
Is it true in Example 8.1 on page 280 that you do not know for sure whether the population
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The systolic blood pressure of individuals is thought to be related to both age and weight. Let the systolic blood pressure, age, and weight be represented by the variables x1, x2, and x3, respectively. Suppose that Minitab was used to generate the following descriptive statistics, correlations, and regression analysis for a random sample of 15 individuals.
Descriptive Statistics
Variable
N
Mean
Median
TrMean
StDev
SE Mean
x 1
15
154.14
154.34
154.14
3.842
0.992000
x 2
15
59.69
60.19
59.69
1.462
0.377487
x 3
15
205.55
204.75
205.55
4.558
1.176871
Variable
Minimum
Maximum
Q1
Q3
x 1
125
178
141.803
167.244
x 2
41
80
47.754
78.415
x 3
126
240
140.395
224.008
Correlations (Pearson)
x 1
x 2
x 2
0.892
x 3
0.839
0.567
Regression Analysis
The regression equation is
x 1 = 0.883 + 1.257x2 + 0.871x3
Predictor
Coef
StDev
T
P
Constant
0.883
0.635
1.39
0.095
x 2
1.257
0.635
1.98
0.036
x 3
0.871
0.419
2.08
0.030
S = 0.428
R-sq = 92.7 %…
According to health professionals, a person’s weight is expected to increase with age. To examine that statement, a nutritionist collected data from 11 random females from different age categories between the ages of 21 and 43. In the following table, x is the age of a person and y is the weight in pounds.
x, age
21
24
27
29
31
33
35
38
40
42
43
y, weight in lb
121.4
122.3
130.3
131.7
133.3
134.6
136.7
138.4
140.3
142.0
145.1
Select the correct graph of the least-squares line on a scatter diagram.
Let x be a random variable that represents the percentage of successful free throws a professional basketball player makes in a season. Let y be a random variable that represents the percentage of successful field goals a professional basketball player makes in a season. A random sample of n = 6 professional basketball players gave the following information.
x
82
69
73
84
74
64
y
42
48
46
46
46
42
Verify that ∑x =446, ∑y =270, ∑x2 =33,442, ∑y2 =12,180, ∑xy =20,070, and r = 0, and find the critical value for a test using a 5% level of significance claiming that ρis not equal than zero. Round your answer to three decimal places.
Chapter 8 Solutions
Basic Business Statistics, Student Value Edition
Ch. 8 - If X=85, =8,andn=64, construct a 95 confidence...Ch. 8 - If X=125,=24,andn=36, construct a 99 confidence...Ch. 8 - Why is it not possible in Example 8.1 on page 280...Ch. 8 - Is it true in Example 8.1 on page 280 that you do...Ch. 8 - A market researcher selects a simple random sample...Ch. 8 - Suppose that you are going to collect a set of...Ch. 8 - Consider the confidence interval estimate...Ch. 8 - You are working as an assistant to the dean of...Ch. 8 - A bottled water distributor wants to estimate the...Ch. 8 - The operations manager at a light emitting diode...
Ch. 8 - If X=75,S=24,andn=36, and assuming that the...Ch. 8 - Determine the critical value of t in each of the...Ch. 8 - Assuming that the populations is normally...Ch. 8 - Assuming that the population is normally...Ch. 8 - A marketing researcher wants to estimate the mean...Ch. 8 - A survey of nonprofit organizations showed that...Ch. 8 - The U.S. Department of Transportation requires...Ch. 8 - The file FastFood contains the amount that a...Ch. 8 - The file AirportRating contains the rating of...Ch. 8 - The annual NFL Super Bowl is the most widely...Ch. 8 - Is there a difference in the yields of different...Ch. 8 - One of the major measures of the quality of...Ch. 8 - A manufacturing company produces electric...Ch. 8 - The file MobileCommerce contains mobile commerce...Ch. 8 - One operation of a mill is cut pieces of steel...Ch. 8 - Ifn=200andX=50, Construct a 95 confidence interval...Ch. 8 - ifn=400andX=25, Construct a 99 confidence interval...Ch. 8 - A cellphone provider has the business objective of...Ch. 8 - In a survey of 1,003 adults concerning complaints...Ch. 8 - What do you value most when shopping in a retail...Ch. 8 - In a survey of 823 human resource professionals...Ch. 8 - A Pew Research Center survey of 4,787 adults found...Ch. 8 - What business, economic, policy and environmental...Ch. 8 - If you want to be 95 confident of estimating the...Ch. 8 - If you want to be 99 confident of estimating of...Ch. 8 - If you want to be 99 confident of estimating the...Ch. 8 - If you want to be 95 confident of estimating the...Ch. 8 - A survey is planned to determine the mean annual...Ch. 8 - If the manager of a bottled water distributor...Ch. 8 - If a light bulb manufacturing company wants to...Ch. 8 - If the inspection division of a county weights and...Ch. 8 - An advertising media analyst wants to estimate the...Ch. 8 - An advertising media analyst wants to estimate the...Ch. 8 - A growing niche in the restaurant business is...Ch. 8 - What does brand loyalty mean to consumers?...Ch. 8 - A Federal Reserve Bank of Atlanta report looks at...Ch. 8 - In a study of 443 nonprofits nationwide, 130...Ch. 8 - Cybersecurity is a critical business issue that...Ch. 8 - Personal data is the new currency of the digital...Ch. 8 - Why can you never really have 100 confidence of...Ch. 8 - When should you use the t distribution to develop...Ch. 8 - Why is it true that for a given sample size, n an...Ch. 8 - Why is the sample size needed to determine the...Ch. 8 - GlobalWablndex study noted the percentage of...Ch. 8 - How do smartphone owners use their smartphones...Ch. 8 - A market researcher for a consumer electronics...Ch. 8 - An information technology (IT) provider of cloud...Ch. 8 - The human resource (HR) director of a large...Ch. 8 - A national association devoted to HR and workplace...Ch. 8 - The financial impact of IT system downtime is a...Ch. 8 - The branch manager of an outlet (Store 1) of a...Ch. 8 - Scarlett and Heather, the owners of an upscale...Ch. 8 - The manufacturer of Ice Melt claims that its...Ch. 8 - Claims fraud (illegitimate claims) and buildup...Ch. 8 - A quality characteristic of interest for a...Ch. 8 - Call centers today play an important role in...Ch. 8 - The manufacturer of Boston and Vermont asphalt...Ch. 8 - The manufacturer of Boston and Vermont asphalt...Ch. 8 - Referring to the results in Problem 8.66...
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