Probability and Statistics for Engineering and the Sciences
9th Edition
ISBN: 9781305251809
Author: Jay L. Devore
Publisher: Cengage Learning
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Chapter 8.3, Problem 40E
Polymer composite materials have gained popularity because they have high strength to weight ratios and are relatively easy and inexpensive to manufacture. However, their nondegradable nature has prompted development of environmentally friendly composites using natural materials. The article “Properties of Waste Silk Short Fiber/Cellulose Green Composite Films” (J. of Composite Materials, 2012: 123–127) reported that for a sample of 10 specimens with 2% fiber content, the sample
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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
Probability and Statistics for Engineering and the Sciences
Ch. 8.1 - For each of the following assertions, state...Ch. 8.1 - For the following pairs of assertions, indicate...Ch. 8.1 - For which of the given P-values would the null...Ch. 8.1 - Pairs of P-values and significance levels, , are...Ch. 8.1 - To determine whether the pipe welds in a nuclear...Ch. 8.1 - Let denote the true average radioactivity level...Ch. 8.1 - Before agreeing to purchase a large order of...Ch. 8.1 - Many older homes have electrical systems that use...Ch. 8.1 - Water samples are taken from water used for...Ch. 8.1 - A regular type of laminate is currently being used...
Ch. 8.1 - Prob. 11ECh. 8.1 - A mixture of pulverized fuel ash and Portland...Ch. 8.1 - The calibration of a scale is to be checked by...Ch. 8.1 - A new design for the braking system on a certain...Ch. 8.2 - Let denote the true average reaction time to a...Ch. 8.2 - Newly purchased tires of a particular type are...Ch. 8.2 - Answer the following questions for the tire...Ch. 8.2 - Reconsider the paint-drying situation of Example...Ch. 8.2 - The melting point of each of 16 samples of a...Ch. 8.2 - Lightbulbs of a certain type are advertised as...Ch. 8.2 - The desired percentage of SiO2 in a certain type...Ch. 8.2 - To obtain information on the corrosion-resistance...Ch. 8.2 - Automatic identification of the boundaries of...Ch. 8.2 - Unlike most packaged food products, alcohol...Ch. 8.2 - Body armor provides critical protection for law...Ch. 8.2 - Prob. 26ECh. 8.2 - Show that for any 0, when the population...Ch. 8.2 - For a fixed alternative value , show that () 0 as...Ch. 8.3 - The true average diameter of ball bearings of a...Ch. 8.3 - A sample of n sludge specimens is selected and the...Ch. 8.3 - The paint used to make lines on roads must reflect...Ch. 8.3 - The relative conductivity of a semiconductor...Ch. 8.3 - The article The Foremans View of Quality Control...Ch. 8.3 - The following observations are on stopping...Ch. 8.3 - The article Uncertainty Estimation in Railway...Ch. 8.3 - Have you ever been frustrated because you could...Ch. 8.3 - The accompanying data on cube compressive strength...Ch. 8.3 - A random sample of soil specimens was obtained,...Ch. 8.3 - Reconsider the accompanying sample data on expense...Ch. 8.3 - Polymer composite materials have gained popularity...Ch. 8.3 - A spectrophotometer used for measuring CO...Ch. 8.4 - Prob. 42ECh. 8.4 - Prob. 43ECh. 8.4 - A manufacturer of nickel-hydrogen batteries...Ch. 8.4 - A random sample of 150 recent donations at a...Ch. 8.4 - It is known that roughly 2/3 of all human beings...Ch. 8.4 - The article Effects of Bottle Closure Type on...Ch. 8.4 - With domestic sources of building supplies running...Ch. 8.4 - A plan for an executive travelers club has been...Ch. 8.4 - Each of a group of 20 intermediate tennis players...Ch. 8.4 - A manufacturer of plumbing fixtures has developed...Ch. 8.4 - In a sample of 171 students at an Australian...Ch. 8.5 - Reconsider the paint-drying problem discussed in...Ch. 8.5 - Consider the large-sample level .01 test in...Ch. 8.5 - Consider carrying out m tests of hypotheses based...Ch. 8.5 - Prob. 56ECh. 8 - A sample of 50 lenses used in eyeglasses yields a...Ch. 8 - In Exercise 57, suppose the experimenter had...Ch. 8 - It is specified that a certain type of iron should...Ch. 8 - One method for straightening wire before coiling...Ch. 8 - Contamination of mine soils in China is a serious...Ch. 8 - The article Orchard Floor Management Utilizing...Ch. 8 - The article Caffeine Knowledge, Attitudes, and...Ch. 8 - Annual holdings turnover for a mutual fund is the...Ch. 8 - The true average breaking strength of ceramic...Ch. 8 - Prob. 66SECh. 8 - The incidence of a certain type of chromosome...Ch. 8 - Prob. 68SECh. 8 - Prob. 69SECh. 8 - The Dec. 30, 2009. the New York Times reported...Ch. 8 - When X1, X2,, Xn are independent Poisson...Ch. 8 - An article in the Nov. 11, 2005, issue of the San...Ch. 8 - Prob. 73SECh. 8 - The article Analysis of Reserve and Regular...Ch. 8 - Prob. 75SECh. 8 - Chapter 7 presented a CI for the variance 2 of a...Ch. 8 - Prob. 77SECh. 8 - When the population distribution is normal and n...Ch. 8 - Let X1, X2, Xn be a random sample from an...Ch. 8 - Because of variability in the manufacturing...
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- Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city are vary because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city. City Price ($) Sales (cases) Bakersfield 34.99 501 Los Angeles 38.99 1425 Modesto 36.00 294 Oakland 33.59 882 Sacramento 40.99 715 San Diego 38.59 1088 San Francisco 39.59 1644 San Jose 37.99 819 Compute the average sales price per case for this product during the last quarter? Round your answer to two decimal places.arrow_forwardConsider the following data and corresponding weights. xi Weight(wi) 3.2 6 2.0 3 2.5 2 5.0 8 a. Compute the weighted mean (to 2 decimals). b. Compute the sample mean of the four data values without weighting. Note the difference in the results provided by the two computations (to 3 decimals).arrow_forwardExpert only,if you don't know it don't attempt it, no Artificial intelligence or screen shot it solvingarrow_forward
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