INTRODUCTION TO STATISTICS & DATA ANALYS

6th Edition

ISBN: 9780357420447

Author: PECK

Publisher: CENGAGE L

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Textbook Question

Chapter 8.1, Problem 3E

For each of the following statements, identify the number that appears in boldface type as the value of either a population characteristic or a statistic:

a. A department store reports that 84% of all customers who use the store’s credit plan pay their bills on time.
b. A sample of 100 students at a large university has a mean age of 24.1 years.
c. The Department of Motor Vehicles reports that 22% of all vehicles registered in a particular state are imports.
d. A hospital reports that based on the 10 most recent cases, the mean length of stay for surgical patients is 6.4 days.
e. A consumer group, after testing 100 batteries of a certain brand, reported an average life of 63 hours of use.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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Chapter 8.1, Problem 2E

Chapter 8.1, Problem 4E

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A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $4500 and a standard deviation of $450. The company defines a "high-sales day" that is, any day with sales exceeding $4800. please provide a step by step on how to get the answers in excel Q: What percentage of days can the company expect to have "high-sales days" or sales greater than $4800? Q: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) Provide answers in the yellow cells

Chapter 8 Solutions

INTRODUCTION TO STATISTICS & DATA ANALYS

Ch. 8.1 - Explain the difference between a population...Ch. 8.1 - What is the difference between x and ? Between s...Ch. 8.1 - For each of the following statements, identify the...Ch. 8.1 - Consider a population consisting of the following...Ch. 8.1 - Select 10 additional random samples of size 5 from...Ch. 8.1 - Consider the following population: {1, 2, 3, 4}....Ch. 8.1 - Consider the following population: {2, 3, 3, 4,...Ch. 8.2 - A random sample is selected from a population with...Ch. 8.2 - For which of the sample sizes given in the...Ch. 8.2 - Explain the difference between and x and between ...

Ch. 8.2 - Suppose that a random sample of size 64 is to be...Ch. 8.2 - The time that a randomly selected individual waits...Ch. 8.2 - Let x denote the time (in minutes) that it takes a...Ch. 8.2 - In the library on a university campus, there is a...Ch. 8.2 - Suppose that the mean value of interpupillary...Ch. 8.2 - Suppose that a sample of size 100 is to be drawn...Ch. 8.2 - A manufacturing process is designed to produce...Ch. 8.2 - College students with checking accounts typically...Ch. 8.2 - An airplane with room for 100 passengers has a...Ch. 8.2 - The thickness (in millimeters) of the coating...Ch. 8.3 - A random sample is to be selected from a...Ch. 8.3 - a. For which of the sample sizes given in the...Ch. 8.3 - The article Younger Adults More Likely than Their...Ch. 8.3 - The article referenced in the previous exercise...Ch. 8.3 - A certain chromosome defect occurs in only 1 in...Ch. 8.3 - The U.S. Census Bureau reported that in 2015, the...Ch. 8.3 - The article Fewer Americans Are Reading, But Dont...Ch. 8.3 - Suppose that a candidate for public office is...Ch. 8.3 - A manufacturer of computer printers purchases...Ch. 8 - The nicotine content in a single cigarette of a...Ch. 8 - Let x1, x2, , x100 denote the actual weights (in...Ch. 8 - Suppose that 20% of the subscribers of a cable...Ch. 8 - Water permeability of concrete can be measured by...Ch. 8 - Suppose that 40% of all U.S. employees contribute...Ch. 8 - The amount of money spent by a customer at a...

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Solution Summary: The author identifies a population characteristic or statistic by identifying the number that appears in boldface type.

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Chapter 8 Solutions