EP INTRODUCTORY STATISTICS-MYSTATLAB
3rd Edition
ISBN: 9780135190210
Author: Gould
Publisher: PEARSON CO
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Textbook Question
Chapter 8, Problem 56SE
If we do not reject the null hypothesis, is it valid to say that we accept the null hypothesis? Why or why not?
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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
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c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ millions)
20
12
30
7
10
5
6
15
10
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
days
c. What are the first and third quartiles?
First Quartiles (to 1 decimals)
Third Quartiles (to 4 decimals)
× ☑
Which companies spend the most money on advertising? Business Insider maintains a list of the top-spending companies. In 2014, Procter & Gamble spent more than any other company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion (Business Insider website, December 2014). The top 12 companies and
the amount each spent on advertising in billions of dollars are as follows.
Click on the datafile logo to reference the data.
DATA file
Company
Procter & Gamble
Comcast
Advertising
($billions)
$5.00
3.08
2.91
Company
American Express
General Motors
Advertising
($billions)
$2.19
2.15
ETET
AT&T
Ford
Verizon
L'Oreal
2.56
2.44
2.34
Toyota
Fiat Chrysler
Walt Disney Company
J.P Morgan
a. What is the mean amount spent on advertising? (to 2 decimals)
2.55
b. What is the median amount spent on advertising? (to 3 decimals)
2.09
1.97
1.96
1.88
Chapter 8 Solutions
EP INTRODUCTORY STATISTICS-MYSTATLAB
Ch. 8 - Choose one of the answers given. The null...Ch. 8 - Choose one of the answers in each case. In...Ch. 8 - Vegetarians (Example 1) In 2016 a Harris poll...Ch. 8 - Embedded Tutors A college chemistry instructor...Ch. 8 - Teen Drivers According to a 2015 University of...Ch. 8 - Water A friend is tested to see whether he can...Ch. 8 - Prob. 7SECh. 8 - Law School Grad Employment The National...Ch. 8 - Soda Orders (Example 2) A manager at a casual...Ch. 8 - Mixed Nuts The label on a can of mixed nuts says...
Ch. 8 - Flu Vaccine (Example 3) An immunologist is testing...Ch. 8 - Law School Grad Employment An economist is testing...Ch. 8 - Prob. 13SECh. 8 - Hybrid Car Sales According to Green Car Reports,...Ch. 8 - Vegetarians (Example 4) In 2016 the Harris poll...Ch. 8 - Embedded Tutors A college chemistry instructor...Ch. 8 - Coke versus Pepsi (Example 5) Suppose you are...Ch. 8 - St. Louis Jury Pool St. Louis County is 24 African...Ch. 8 - Vegetarians (Example 6) In problem 8.15 the...Ch. 8 - Embedded Tutors In problem 8.16, a college...Ch. 8 - Hospital Readmission A hospital readmission is an...Ch. 8 - Guessing A 20-question multiple choice quiz has...Ch. 8 - Dreaming (Example 7) A 2003 study of dreaming...Ch. 8 - Age Discrimination About 30 of the population in...Ch. 8 - Self-Driving Cars (Example 8) In a Northeastern...Ch. 8 - Diabetes According to a Gallup poll, 11.55 of...Ch. 8 - Coke versus Pepsi A taste test is done to see...Ch. 8 - Seat Belts Suppose we are testing people to see...Ch. 8 - Working Out (Example 9) According to a 2018 survey...Ch. 8 - Vacations According to a 2017 AAA survey, 35 of...Ch. 8 - Working Out (Example 10) According to a 2018...Ch. 8 - Vacations According to a 2017 AAA survey, 35 of...Ch. 8 - p-Values For each graph, indicate whether the...Ch. 8 - p-Values For each graph, state whether the shaded...Ch. 8 - News on Facebook A 2018 Gallup poll of 3635...Ch. 8 - Olympic Viewing A 2018 Gallup poll of 2228...Ch. 8 - Global Warming Historically (from about 2001 to...Ch. 8 - Plane Crashes According to one source, 50 of plane...Ch. 8 - Mercury in Freshwater Fish Some experts believe...Ch. 8 - Twitter Suppose a poll is taken that shows 220 out...Ch. 8 - Morse’s Proportion of ts Samuel Morse determined...Ch. 8 - Morse’s Proportion of as Samuel Morse determined...Ch. 8 - p-Values (Example 11) A researcher carried out a...Ch. 8 - Coin Flips A test is conducted in which a coin is...Ch. 8 - Young Voters (Example 12) According to the...Ch. 8 - Errors with Toast Suppose you are testing someone...Ch. 8 - Blackstone on Errors in Trials Sir William...Ch. 8 - Alpha By establishing a small value for the...Ch. 8 - Superpower (Example 13) What superpower do...Ch. 8 - Flaws The null hypothesis on true/false tests is...Ch. 8 - Which Method? A proponent of a new proposition on...Ch. 8 - Which Method? A proponent of a new proposition on...Ch. 8 - Effectiveness of Financial Incentives A...Ch. 8 - Is it acceptable practice to look at your research...Ch. 8 - If we reject the null hypothesis, can we claim to...Ch. 8 - If we do not reject the null hypothesis, is it...Ch. 8 - When a person stands trial for murder, the jury is...Ch. 8 - When, in a criminal court, a defendant is found...Ch. 8 - Arthritis A magazine advertisement claims that...Ch. 8 - No-Carb Diet A weight-loss diet claims that it...Ch. 8 - When comparing two sample proportions with a...Ch. 8 - When comparing two sample proportions with a...Ch. 8 - Treatment for HIV-1 In a 2018 study reported in...Ch. 8 - Smoking Cessation in HIV Patients In a 2018 study...Ch. 8 - Reading (Example 14) The researchers in a Pew...Ch. 8 - Audio Books Pew Research published survey results...Ch. 8 - Freedom of the Press A Gallup poll asked college...Ch. 8 - Freedom of Religion A Gallup poll asked college...Ch. 8 - Environmental Quality (Example 15) A Gallup poll...Ch. 8 - Caregiving Responsibilities In 2017 the Pew...Ch. 8 - Prob. 71CRECh. 8 - Choosing a Test and Naming the Population(s) For...Ch. 8 - Choosing a Test and Giving the Hypotheses Give the...Ch. 8 - Choosing a Test and Naming the Population(s) In...Ch. 8 - Water Taste Test A student who claims that he can...Ch. 8 - Butter Taste Test A student is tested to determine...Ch. 8 - Biased Coin? A study is done to see whether a coin...Ch. 8 - Biased Coin? A study is done to see whether a coin...Ch. 8 - ESP A researcher studying extrasensory perception...Ch. 8 - Coin Flips Suppose you tested 50 coins by flipping...Ch. 8 - Student Age A community college used enrollment...Ch. 8 - Taste Test A student was tested to see if he could...Ch. 8 - Facebook Pew Research conducts polls on social...Ch. 8 - Television In the Pew Research social media...Ch. 8 - Presidential Election Pew Research reported that...Ch. 8 - Educational Attainment According to a 2016 report...Ch. 8 - Self-Employment According to the Bureau of Labor...Ch. 8 - Student Loans According to a 2016 report from the...Ch. 8 - Gun Control A Quinnipiac poll conducted on...Ch. 8 - Gay Marriage A Gallup poll conducted in 2017 found...Ch. 8 - Three-Strikes Law California’s controversial...Ch. 8 - Prob. 92CRECh. 8 - Prob. 93CRECh. 8 - Cloning Dolly the Sheep, the world’s first mammal...Ch. 8 - A friend claims he can predict the suit of a card...Ch. 8 - A friend claims he can predict how a six-sided die...Ch. 8 - Votes for Independents Judging on the basis of...Ch. 8 - Votes for Independents Refer to Exercise 8.97....Ch. 8 - Texting While Driving The mother of a teenager has...Ch. 8 - True/False Test A teacher giving a true/false test...Ch. 8 - ESP Suppose a friend says he can predict whether a...Ch. 8 - ESP Again Suppose a friend says he can predict...Ch. 8 - Does Hand Washing Save Lives? In the mid-1800s,...Ch. 8 - Opioid Crisis Suppose you wanted to test the claim...Ch. 8 - Guessing on a True/False Test A true/false test...Ch. 8 - Guessing on a Multiple-Choice Test A...
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