
Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 95CP
a.
To determine
Check whether the standard error is 0.0290 or not.
b.
To determine
Explain the reason for the distribution is skewed to the right.
c.
To determine
Explain the reason for the skew is not cause a problem for finding the confidence interval unless there are extreme outliers.
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Business discuss
Analyze the residuals of a linear regression model and select the best response.
yes, the residual plot does not show a curve
no, the residual plot shows a curve
yes, the residual plot shows a curve
no, the residual plot does not show a curve
I answered, "No, the residual plot shows a curve." (and this was incorrect). I am not sure why I keep getting these wrong when the answer seems obvious. Please help me understand what the yes and no references in the answer.
a. Find the value of A.b. Find pX(x) and py(y).c. Find pX|y(x|y) and py|X(y|x)d. Are x and y independent? Why or why not?
Chapter 8 Solutions
Statistics: The Art and Science of Learning from Data (4th Edition)
Ch. 8.1 - Health care A study dealing with health care...Ch. 8.1 - Video on demand A recent study from Nielsen...Ch. 8.1 - Projecting winning candidate News coverage during...Ch. 8.1 - Believe in hell? Using the General Social Survey...Ch. 8.1 - Government spying In 2014, news reports worldwide...Ch. 8.1 - Game apps The Google Play app store for...Ch. 8.1 - Nutrient effect on growth rate Researchers are...Ch. 8.1 - Believe in heaven? When a GSS asked 1326 subjects,...Ch. 8.1 - Feel lonely often? The GSS has asked On how many...Ch. 8.1 - CI for loneliness Refer to the previous exercise....
Ch. 8.2 - Putin A Gallup poll of 2000 Russians taken between...Ch. 8.2 - Flu shot In a clinical study (the same as...Ch. 8.2 - How green are you? When the 2000 GSS asked...Ch. 8.2 - Make industry help environment? When the 2006 GSS...Ch. 8.2 - Favor death penalty In the 2012 General Social...Ch. 8.2 - Oppose death penalty Refer to the previous...Ch. 8.2 - Stem cell research A Harris poll of a random...Ch. 8.2 - z-score and confidence level Which z-score is used...Ch. 8.2 - Believe in ghosts A Harris poll of a random sample...Ch. 8.2 - Stem cell research and religion In Exercise 8.18,...Ch. 8.2 - Fear of breast cancer A recent survey of 1000...Ch. 8.2 - Chicken breast In a 2014 Consumer Reports article...Ch. 8.2 - Same-sex marriage A national survey by the Pew...Ch. 8.2 - Exit poll predictions A national television...Ch. 8.2 - Exit poll with smaller sample In the previous...Ch. 8.2 - Simulating confidence intervals Repeat the...Ch. 8.2 - Simulating confidence intervals with poor coverage...Ch. 8.3 - Females ideal number of children The 2012 General...Ch. 8.3 - Males ideal number of children Refer to the...Ch. 8.3 - Using t-table Using Table B, the web app, software...Ch. 8.3 - Anorexia in teenage girls A study6 compared...Ch. 8.3 - Talk time on smartphones One feature smartphone...Ch. 8.3 - Heights of seedlings Exercise 8.7 reported heights...Ch. 8.3 - Buy it now Example 6 mentioned closing prices for...Ch. 8.3 - Time spent on e-mail When the GSS asked n = 1050...Ch. 8.3 - Grandmas using e-mail For the question about...Ch. 8.3 - Prob. 38PBCh. 8.3 - Prob. 39PBCh. 8.3 - Political views The General Social Survey asks...Ch. 8.3 - Prob. 41PBCh. 8.3 - Prob. 42PBCh. 8.3 - Effect of confidence level Find the margin of...Ch. 8.3 - Prob. 44PBCh. 8.3 - Number of children For the question, How many...Ch. 8.3 - Prob. 46PBCh. 8.4 - South Africa study The researcher planning the...Ch. 8.4 - Binge drinkers A study at the Harvard School of...Ch. 8.4 - Prob. 49PBCh. 8.4 - Prob. 50PBCh. 8.4 - Prob. 51PBCh. 8.4 - Farm size An estimate is needed of the mean...Ch. 8.4 - Prob. 53PBCh. 8.4 - Prob. 54PBCh. 8.4 - Prob. 55PBCh. 8.4 - Prob. 56PBCh. 8.4 - Prob. 57PBCh. 8.4 - Prob. 58PBCh. 8.5 - Why bootstrap? Explain the purpose of using the...Ch. 8.5 - Estimating variability Refer to Example 11 about...Ch. 8.5 - Bootstrap interval for the mean In 2014, the...Ch. 8.5 - Prob. 62PBCh. 8 - Unemployed college grads The U.S Bureau of the...Ch. 8 - Prob. 64CPCh. 8 - Prob. 65CPCh. 8 - Born again A poll of a random sample of n = 2000...Ch. 8 - Life after death The variable POSTLIFE in the 2012...Ch. 8 - Prob. 68CPCh. 8 - Prob. 69CPCh. 8 - Prob. 70CPCh. 8 - Prob. 71CPCh. 8 - Wife supporting husband Consider the statement...Ch. 8 - Legalize marijuana? The General Social Survey has...Ch. 8 - Prob. 74CPCh. 8 - Streaming A Harris Poll of 2300 U.S. adults...Ch. 8 - Prob. 76CPCh. 8 - Prob. 77CPCh. 8 - Grandpas using e-mail When the GSS asked in 2012,...Ch. 8 - Prob. 79CPCh. 8 - Prob. 80CPCh. 8 - Fuel efficiency The government website...Ch. 8 - Prob. 82CPCh. 8 - Prob. 83CPCh. 8 - Prob. 84CPCh. 8 - Prob. 85CPCh. 8 - Prob. 86CPCh. 8 - Prob. 87CPCh. 8 - Revisiting mountain bikes Use the Mountain Bike...Ch. 8 - Prob. 89CPCh. 8 - Prob. 90CPCh. 8 - Prob. 91CPCh. 8 - Prob. 92CPCh. 8 - Working mother In response to the statement on a...Ch. 8 - Miami spring break For a trip to Miami, Florida,...Ch. 8 - Prob. 95CPCh. 8 - Prob. 96CPCh. 8 - Prob. 97CPCh. 8 - Prob. 98CPCh. 8 - Prob. 99CPCh. 8 - Prob. 100CPCh. 8 - Kicking accuracy A football coach decides to...Ch. 8 - Prob. 103CPCh. 8 - Prob. 104CPCh. 8 - Prob. 106CPCh. 8 - Width of a confidence interval Why are confidence...Ch. 8 - Prob. 108CPCh. 8 - Prob. 109CPCh. 8 - Prob. 110CPCh. 8 - Prob. 111CPCh. 8 - Prob. 112CPCh. 8 - Prob. 113CPCh. 8 - Prob. 114CPCh. 8 - Prob. 115CPCh. 8 - Prob. 116CPCh. 8 - Prob. 117CPCh. 8 - Prob. 118CPCh. 8 - Prob. 119CPCh. 8 - Prob. 120CPCh. 8 - Prob. 121CPCh. 8 - Prob. 122CPCh. 8 - Prob. 123CPCh. 8 - Why called degrees of freedom? You know the sample...Ch. 8 - Prob. 125CPCh. 8 - Prob. 126CPCh. 8 - Median as point estimate When the population...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Analyze the residuals of a linear regression model and select the best response.Criteria is simple evaluation of possible indications of an exponential model vs. linear model) no, the residual plot does not show a curve yes, the residual plot does not show a curve yes, the residual plot shows a curve no, the residual plot shows a curve I selected: yes, the residual plot shows a curve and it is INCORRECT. Can u help me understand why?arrow_forwardYou 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…arrow_forwardHere is data with as the response variable. x y54.4 19.124.9 99.334.5 9.476.6 0.359.4 4.554.4 0.139.2 56.354 15.773.8 9-156.1 319.2Make a scatter plot of this data. Which point is an outlier? Enter as an ordered pair, e.g., (x,y). (x,y)= Find the regression equation for the data set without the outlier. Enter the equation of the form mx+b rounded to three decimal places. y_wo= Find the regression equation for the data set with the outlier. Enter the equation of the form mx+b rounded to three decimal places. y_w=arrow_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. please do it step by step 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…arrow_forwardExercises: Find all the whole number solutions of the congruence equation. 1. 3x 8 mod 11 2. 2x+3= 8 mod 12 3. 3x+12= 7 mod 10 4. 4x+6= 5 mod 8 5. 5x+3= 8 mod 12arrow_forwardScenario 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_forward
- One 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_forwardYou 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_forward
- Does 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_forwardProblem 4. Margrabe formula and the Greeks (20 pts) In the homework, we determined the Margrabe formula for the price of an option allowing you to swap an x-stock for a y-stock at time T. For stocks with initial values xo, yo, common volatility σ and correlation p, the formula was given by Fo=yo (d+)-x0Þ(d_), where In (±² Ꭲ d+ õ√T and σ = σ√√√2(1 - p). дго (a) We want to determine a "Greek" for ỡ on the option: find a formula for θα (b) Is дго θα positive or negative? (c) We consider a situation in which the correlation p between the two stocks increases: what can you say about the price Fo? (d) Assume that yo< xo and p = 1. What is the price of the option?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt

Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill

Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License