Applied Statistics in Business and Economics
5th Edition
ISBN: 9780077837303
Author: David Doane, Lori Seward Senior Instructor of Operations Management
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 8.4, Problem 17SE
The Ball Corporation’s beverage can manufacturing plant in Fort Atkinson, Wisconsin, uses a metal supplier that provides metal with a known thickness standard deviation σ = .000959 mm. If a random sample of 58 sheets of metal resulted in
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Use technology to find (a) the multiple regression equation for the data shown in the accompanying table, (b) the standard error estimate and interpret the result, and (c) the coefficient of
determination and interpret the result.
The accompanying table shows the total square footages (in billions) of retailing space at shopping centers, the numbers (in thousands) of shopping centers, and the sales (in billions of dollars) for
shopping centers for eight years.
Click the icon to view the data table on shopping center sales.
(a) What is the regression equation?
ŷ = 1 + ( )×₁ + (1)×2
(Round to two decimal places as needed.)
(b) The standard error is ☐
(Round to two decimal places as needed.)
Interpret the standard error. Choose the correct answer below.
Shopping center sales
Sales, y
Total square footage, X₁
Shopping centers, X2
123.4 211.5 385.6 475.5 641.3 716.5 768.2 806.8 851.7 893.9 933.7
1.3 2.8 3.3 3.7 4.1 4.6 4.7 4.8 4.9 5.0 5.1
13.6 17.3 22.2 25.5 32.8 38.0 39.1 39.2 40.5 41.2…
Not use ai please
Find the regression equation.
Find the equation of the regression line for the given data. Then construct a scatter plot of the data and draw the regression line. (The pair of variables have a significant correlation.) Then use the
regression equation to predict the value of y for each of the given x-values, if meaningful. The number of hours 6 students spent for a test and their scores on that test are shown below.
Hours spent studying, x
Test score, y
0
2
2
4
5
6
39
45
51
49
63
68
(a) x = 2 hours
(c) x = 12 hours
(b) x = 2.5 hours
(d) x 3.5 hours
y = x + (D
☐ x + (☐
(Round the slope to three decimal places as needed. Round the y-intercept to two decimal places as needed.)
Choose the correct graph below.
A.
B.
Test score
0
80-
0
Π
8
Test score
80-
0-
0
Hours studying
Hours studying
(a) Predict the value of y for x = 2. Choose the correct answer below.
A. 47.2
B. 49.5
C. 54.0
D. not meaningful
(b) Predict the value of y for x = 2.5. Choose the correct answer below.
A. 54.0
B. 49.5
C.…
Chapter 8 Solutions
Applied Statistics in Business and Economics
Ch. 8.2 - Find the interval zn,+zn within which 90 percent...Ch. 8.2 - Find the interval zn,+zn within which 95 percent...Ch. 8.2 - The diameter of bushings turned out by a...Ch. 8.2 - Concerns about climate change and CO2 reduction...Ch. 8.3 - (a) Find the standard error of the mean for each...Ch. 8.3 - (a) Find the standard error of the mean for each...Ch. 8.3 - The fat content of a pouch of Keebler Right Bites...Ch. 8.3 - The fuel economy of a 2011 Lexus RX 350 2WD 6...Ch. 8.4 - Construct a confidence interval for assuming that...Ch. 8.4 - Construct a confidence interval for assuming that...
Ch. 8.4 - Use the sample information x = 2.4, = 0.15, n = 9...Ch. 8.4 - Use the sample information x = 37, = 5, n = 15 to...Ch. 8.4 - A random sample of 25 items is drawn from a...Ch. 8.4 - A random sample of 100 items is drawn from a...Ch. 8.4 - The fuel economy of a 2011 Lexus RX 350 2WD 6...Ch. 8.4 - Guest ages at a Vail Resorts ski mountain...Ch. 8.4 - The Ball Corporations beverage can manufacturing...Ch. 8.5 - Find a confidence interval for assuming that each...Ch. 8.5 - For each value of d.f. (degrees of freedom), look...Ch. 8.5 - For each value of d.f. (degrees of freedom), look...Ch. 8.5 - A random sample of 10 items is drawn from a...Ch. 8.5 - A random sample of 25 items is drawn from a...Ch. 8.5 - A sample of 21 minivan electrical warranty repairs...Ch. 8.5 - A random sample of 16 pharmacy customers showed...Ch. 8.5 - A random sample of monthly rent paid by 12 college...Ch. 8.5 - A random sample of 10 shipments of stick-on labels...Ch. 8.5 - Prof. Green gave three exams last semester. 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Which ones are unbiased?Ch. 8 - Explain what it means to say an estimator is (a)...Ch. 8 - State the main points of the Central Limit Theorem...Ch. 8 - Why is population shape of concern when estimating...Ch. 8 - (a) Define the standard error of the mean. (b)...Ch. 8 - Define (a) point estimate, (b) margin of error,...Ch. 8 - List some common confidence levels. What happens...Ch. 8 - List differences and similarities between Students...Ch. 8 - Give an example to show that (a) for a given...Ch. 8 - Why do outliers and skewed populations pose a...Ch. 8 - (a) State the Central Limit Theorem for a...Ch. 8 - (a) Define the standard error of the proportion....Ch. 8 - When would you use the FPCF and what does it do to...Ch. 8 - Prob. 16CRCh. 8 - When calculating a sample size for a proportion,...Ch. 8 - Why would we be interested in a confidence...Ch. 8 - A random sample of 30 lunch orders at Noodles ...Ch. 8 - A random sample of 21 nickels measured with a very...Ch. 8 - A random sample of 10 miniature Tootsie Rolls was...Ch. 8 - Statistics students were asked to go home and fill...Ch. 8 - A sample of 20 pages was taken without replacement...Ch. 8 - Twenty-five blood samples were selected by taking...Ch. 8 - A sample of 20 pages was taken from a Yellow Pages...Ch. 8 - Sixteen owners of 2010 Audi A4 sedans kept track...Ch. 8 - Twenty-five blood samples were selected by taking...Ch. 8 - Twenty-one warranty repairs were selected from a...Ch. 8 - Dave the jogger runs the same route every day...Ch. 8 - A pediatricians records showed the mean height of...Ch. 8 - A random sample of 10 exam scores showed a...Ch. 8 - A random sample of 30 lunch orders at Noodles ...Ch. 8 - During the Rose Bowl, the length (in seconds) of...Ch. 8 - A sample of 40 CDs from a student’s collection...Ch. 8 - The Environmental Protection Agency (EPA) requires...Ch. 8 - In a sample of 100 Planters Mixed Nuts, 19 were...Ch. 8 - A study showed that 14 of 180 publicly traded...Ch. 8 - How decaffeinated is decaffeinated coffee? 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