APPLIED STAT.IN BUS.+ECONOMICS
6th Edition
ISBN: 9781259957598
Author: DOANE
Publisher: RENT MCG
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Textbook Question
Chapter 9, Problem 4CR
(a) Define Type I error and Type II error. (b) Give an example to illustrate.
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For each of the time series, construct a line chart of the data and identify the characteristics of the time series (that is, random, stationary, trend, seasonal, or cyclical).
Year Month Rate (%)2009 Mar 8.72009 Apr 9.02009 May 9.42009 Jun 9.52009 Jul 9.52009 Aug 9.62009 Sep 9.82009 Oct 10.02009 Nov 9.92009 Dec 9.92010 Jan 9.82010 Feb 9.82010 Mar 9.92010 Apr 9.92010 May 9.62010 Jun 9.42010 Jul 9.52010 Aug 9.52010 Sep 9.52010 Oct 9.52010 Nov 9.82010 Dec 9.32011 Jan 9.12011 Feb 9.02011 Mar 8.92011 Apr 9.02011 May 9.02011 Jun 9.12011 Jul 9.02011 Aug 9.02011 Sep 9.02011 Oct 8.92011 Nov 8.62011 Dec 8.52012 Jan 8.32012 Feb 8.32012 Mar 8.22012 Apr 8.12012 May 8.22012 Jun 8.22012 Jul 8.22012 Aug 8.12012 Sep 7.82012 Oct…
For each of the time series, construct a line chart of the data and identify the characteristics of the time series (that is, random, stationary, trend, seasonal, or cyclical).
Date IBM9/7/2010 $125.959/8/2010 $126.089/9/2010 $126.369/10/2010 $127.999/13/2010 $129.619/14/2010 $128.859/15/2010 $129.439/16/2010 $129.679/17/2010 $130.199/20/2010 $131.79
a. Construct a line chart of the closing stock prices data. Choose the correct chart below.
For each of the time series, construct a line chart of the data and identify the characteristics of the time series (that is, random, stationary, trend, seasonal, or cyclical)
Date IBM9/7/2010 $125.959/8/2010 $126.089/9/2010 $126.369/10/2010 $127.999/13/2010 $129.619/14/2010 $128.859/15/2010 $129.439/16/2010 $129.679/17/2010 $130.199/20/2010 $131.79
Chapter 9 Solutions
APPLIED STAT.IN BUS.+ECONOMICS
Ch. 9.2 - If you repealed a hypothesis test 1,000 times (in...Ch. 9.2 - Define Type I and Type II errors for each...Ch. 9.2 - A firm decides to test its employees for illegal...Ch. 9.2 - A hotel installs smoke detectors with adjustable...Ch. 9.2 - What is the consequence of a false negative in an...Ch. 9.2 - Prob. 6SECh. 9.3 - A manufacturer claims that its compact fluorescent...Ch. 9.3 - Prob. 8SECh. 9.3 - Prob. 9SECh. 9.3 - The average age of a part-time seasonal employee...
Ch. 9.3 - Prob. 11SECh. 9.3 - Prob. 12SECh. 9.4 - Find the zcalc test statistic for each hypothesis...Ch. 9.4 - Prob. 14SECh. 9.4 - Prob. 15SECh. 9.4 - Prob. 16SECh. 9.4 - Green Beam Ltd. claims that its compact...Ch. 9.4 - The mean potassium content of a popular sports...Ch. 9.4 - Calculate the test statistic and p-value for each...Ch. 9.4 - Determine the p-value for each test statistic. a....Ch. 9.4 - Procyon Mfg. produces tennis balls. Weights are...Ch. 9.4 - The mean arrival rate of flights at OHare Airport...Ch. 9.4 - Prob. 23SECh. 9.4 - The Scottsdale fire department aims to respond to...Ch. 9.4 - The lifespan of xenon metal halide arc-discharge...Ch. 9.4 - Discuss the issues of statistical significance and...Ch. 9.4 - The target activation force of the buttons on a...Ch. 9.5 - Find the tcalc test statistic for each hypothesis...Ch. 9.5 - Find the critical value of Students t for each...Ch. 9.5 - Find the critical value of Students t for each...Ch. 9.5 - Find the tcalc test statistic for each hypothesis...Ch. 9.5 - Estimate the p-value as a range using Appendix D...Ch. 9.5 - Prob. 33SECh. 9.5 - Prob. 34SECh. 9.5 - Prob. 35SECh. 9.5 - The manufacturer of an airport baggage scanning...Ch. 9.5 - Prob. 37SECh. 9.5 - The average weight of a package of rolled oats is...Ch. 9.5 - Prob. 39SECh. 9.5 - Prob. 40SECh. 9.5 - Prob. 41SECh. 9.5 - Prob. 42SECh. 9.5 - Prob. 43SECh. 9.6 - Interpret each p-value in your own words: a....Ch. 9.6 - Prob. 45SECh. 9.6 - Prob. 46SECh. 9.6 - May normality of the sample proportion p be...Ch. 9.6 - Prob. 48SECh. 9.6 - In a hospitals shipment of 3,500 insulin syringes,...Ch. 9.6 - Prob. 50SECh. 9.6 - Prob. 51SECh. 9.6 - The recent default rate on all student loans is...Ch. 9.6 - Prob. 53SECh. 9.6 - A Realtor claims that no more than half of the...Ch. 9.6 - BriteScreen, a manufacturer of 19-inch LCD...Ch. 9.6 - Perfect pitch is the ability to identify musical...Ch. 9.7 - A quality expert insects 400 items to test whether...Ch. 9.7 - Prob. 58SECh. 9.7 - For a certain wine, the mean pH (a measure of...Ch. 9.7 - Repeat the previous exercise, using = .05. For...Ch. 9.8 - A sample of size n = 15 has variance s2 = .35. At ...Ch. 9.8 - Prob. 62SECh. 9.8 - A sample of size n = 19 has variance s2 = .1.96....Ch. 9.8 - Prob. 64SECh. 9.8 - Prob. 65SECh. 9 - (a) List the steps in testing a hypothesis, (b)...Ch. 9 - (a) Explain the difference between the null...Ch. 9 - (a) Why do we say fail to reject H0 instead of...Ch. 9 - (a) Define Type I error and Type II error. (b)...Ch. 9 - (a) Explain the difference between a left-tailed...Ch. 9 - Prob. 6CRCh. 9 - Prob. 7CRCh. 9 - (a) Why do we prefer low values for and ? (b) For...Ch. 9 - Prob. 10CRCh. 9 - Prob. 11CRCh. 9 - (a) Explain what a p-value means. Give an example...Ch. 9 - Prob. 13CRCh. 9 - (a) What does a power curve show? (b) What factors...Ch. 9 - (a) In testing a hypothesis about a variance, what...Ch. 9 - Suppose you always reject the null hypothesis,...Ch. 9 - Suppose the judge decides to acquit all...Ch. 9 - High blood pressure, if untreated, can lead to...Ch. 9 - A nuclear power plant replaces its ID card...Ch. 9 - A test-preparation company advertises that its...Ch. 9 - Prob. 71CECh. 9 - Prob. 72CECh. 9 - Prob. 73CECh. 9 - Pap smears are a test for abnormal cancerous and...Ch. 9 - Prob. 75CECh. 9 - Prob. 76CECh. 9 - Malcheon Health Clinic claims that the average...Ch. 9 - The sodium content of a popular sports drink is...Ch. 9 - A can of peeled whole tomatoes is supposed to...Ch. 9 - At Ajax Spring Water, a half-liter bottle of soft...Ch. 9 - Prob. 81CECh. 9 - Prob. 82CECh. 9 - A U.S. dime weighs 2.268 grams when minted. A...Ch. 9 - A coin was flipped 60 times and came up heads 38...Ch. 9 - Prob. 85CECh. 9 - Prob. 86CECh. 9 - Prob. 87CECh. 9 - Prob. 88CECh. 9 - Prob. 89CECh. 9 - Prob. 90CECh. 9 - Prob. 91CECh. 9 - Prob. 92CECh. 9 - The average service time at a Noodles Company...Ch. 9 - Prob. 94CECh. 9 - Prob. 95CECh. 9 - Beer shelf life is a problem for brewers and...Ch. 9 - Prob. 97CECh. 9 - Prob. 99CECh. 9 - Prob. 100CECh. 9 - Prob. 101CECh. 9 - Prob. 102CECh. 9 - An experimental medication is administered to 16...Ch. 9 - The historical on-time percentage for Amtraks...Ch. 9 - After 7 months, none of 238 angioplasty patients...Ch. 9 - A certain brand of flat white interior latex paint...Ch. 9 - Prob. 107CECh. 9 - Prob. 108CECh. 9 - Prob. 109CE
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