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Essentials of Statistics for Business and Economics (with XLSTAT Printed Access Card)
8th Edition
ISBN: 9781337114172
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 8, Problem 59SE
a.
To determine
Find the 95% confidence interval for the proportion of workers in each of these industries who feel their industry is understaffed.
b.
To determine
Find the sample that needs to be ensured that the margin of error is 0.05 or less for each of the three confidence intervals.
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A major company in the Montreal area, offering a range of engineering services from project preparation to construction execution, and industrial project management, wants to ensure that the individuals who are responsible for project cost estimation and bid preparation demonstrate a certain uniformity in their estimates. The head of civil engineering and municipal services decided to structure an experimental plan to detect if there could be significant differences in project evaluation.
Seven projects were selected, each of which had to be evaluated by each of the two estimators, with the order of the projects submitted being random. The obtained estimates are presented in the table below.
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c) What is the critical t-value for this test at a significance level of 1%?…
Compute the relative risk of falling for the two groups (did not stop walking vs. did stop). State/interpret your result verbally.
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Chapter 8 Solutions
Essentials of Statistics for Business and Economics (with XLSTAT Printed Access Card)
Ch. 8.1 - A simple random sample of 40 items resulted in a...Ch. 8.1 - 2. A simple random sample of 50 items from a...Ch. 8.1 - A simple random sample of 60 items resulted in a...Ch. 8.1 - 4. A 95% confidence interval for a population mean...Ch. 8.1 - Data were collected on the amount spent by 64...Ch. 8.1 - Travel Taxes. In an attempt to assess total daily...Ch. 8.1 - 7. The average annual cost of the first year of...Ch. 8.1 - Studies show that massage therapy has a variety of...Ch. 8.1 - Cost to Repair Fire Damage. The mean cost to...Ch. 8.1 - 10. Costs are rising for all kinds of medical...
Ch. 8.2 - For a t distribution with 16 degrees of freedom,...Ch. 8.2 - Find the t value(s) for each of the following...Ch. 8.2 - The following sample data are from a normal...Ch. 8.2 - A simple random sample with n = 54 provided a...Ch. 8.2 - 15. Sales personnel for Skillings Distributors...Ch. 8.2 - Years to Bond Maturity. A sample containing years...Ch. 8.2 - Quality Ratings of Airports. The International Air...Ch. 8.2 - Unemployment in Older Workers. Older people often...Ch. 8.2 - Meal Cost in Hong Kong. The mean cost of a meal...Ch. 8.2 - Automobile Insurance Premiums. The average annual...Ch. 8.2 - Telemedicine. Health insurers are beginning to...Ch. 8.2 - Movie Ticket Sales. Marvel Studios motion picture...Ch. 8.3 - 23. How large a sample should be selected to...Ch. 8.3 - The range for a set of data is estimated to be 36....Ch. 8.3 - Refer to the Scheer Industries example in Section...Ch. 8.3 - Prob. 26ECh. 8.3 - Prob. 27ECh. 8.3 - 28. Many medical professionals believe that eating...Ch. 8.3 - 29. Customers arrive at a movie theater at the...Ch. 8.3 - Prob. 30ECh. 8.4 - A simple random sample of 400 individuals provides...Ch. 8.4 - A simple random sample of 800 elements generates a...Ch. 8.4 - In a survey, the planning value for the population...Ch. 8.4 - At 95% confidence, how large a sample should be...Ch. 8.4 - Prob. 35ECh. 8.4 - According to statistics reported on CNBC, a...Ch. 8.4 - Prob. 37ECh. 8.4 - 38. According to Franchise business review, over...Ch. 8.4 - In 16% of all homes with a stay-at-home parent,...Ch. 8.4 - Prob. 40ECh. 8.4 - Prob. 41ECh. 8.4 - 42. A poll for the presidential campaign sampled...Ch. 8.4 - Prob. 43ECh. 8 - 44. A sample survey of 54 discount brokers showed...Ch. 8 - 45. A survey conducted by the American Automobile...Ch. 8 - 46. The 92 million Americans of age 50 and over...Ch. 8 - Prob. 47SECh. 8 - The Health Care Cost Institute tracks health care...Ch. 8 - Prob. 49SECh. 8 - Prob. 50SECh. 8 - 51. In developing patient appointment schedules, a...Ch. 8 - Prob. 52SECh. 8 - 53. The National Center for Education Statistics...Ch. 8 - A USA Today/CNN/Gallup survey of 369 working...Ch. 8 - Prob. 55SECh. 8 - Prob. 56SECh. 8 - The Centers for Disease Control reported the...Ch. 8 - A well-known bank credit card firm wishes to...Ch. 8 - Prob. 59SECh. 8 - 60. Although airline schedules and cost are...Ch. 8 - Young Professional Magazine Young Professional...Ch. 8 - Gulf Real Estate Properties Gulf Real Estate...Ch. 8 - Metropolitan Research, Inc.
Metropolitan Research,...
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