Student Solutions Manual for Basic Business Statistics
13th Edition
ISBN: 9780321926708
Author: David M. Levine; Mark L. Berenson; Timothy C. Krehbiel; Kathryn A. Szabat; David F. Stephan
Publisher: Pearson Education
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Chapter 9, Problem 66PS
How can a confidence
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1. Show that, for any non-negative random variable X,
EX+E+≥2,
X
E max X.
21.
a small pond contains eight catfish and six bluegill. If seven fish are caught at random, what is the probability that exactly five catfish have been caught?
23 The line graph in the following figure shows
Revenue ($ millions)
one company's revenues over time. Explain
why this graph is misleading and what you
can do to fix the problem.
700
60-
50-
40
30
Line Graph of Revenue
20-
101
1950
1970
1975 1980 1985
Year
1990
2000
Chapter 9 Solutions
Student Solutions Manual for Basic Business Statistics
Ch. 9 - If you use a 0.005 level of significance in a...Ch. 9 - If you use a 0.05 level of significance in a...Ch. 9 - If you use a 0.10 level of significance in a...Ch. 9 - If you use a 0.01 level of significance in a...Ch. 9 - What is your decision in problem 9.4 if...Ch. 9 - What is the p -value if, in a two-tail hypothesis...Ch. 9 - In problem 9.6, what is your statistical decision...Ch. 9 - What is the p-value if, in a two -tail hypothesis...Ch. 9 - In the U.S. legal system, a defendant is presumed...Ch. 9 - Suppose the defendant in Problem 9.9 is presumed...
Ch. 9 - Many consumer groups feel that U.S. Food and Drug...Ch. 9 - As a result of complaints from both students and...Ch. 9 - Prob. 13PSCh. 9 - The quality-control manager at a compact...Ch. 9 - Suppose that in Problem 9.14, the standard...Ch. 9 - A bottled water distributor wants to determine...Ch. 9 - Suppose that in Problem 9.16, the standard...Ch. 9 - If, In a sample of n=16 selected from a normal...Ch. 9 - In Problem 9.18, how many degrees of freedom does...Ch. 9 - In Problem 9.18, 9.19, what are the Critical...Ch. 9 - In, Problem 9.18, 9.19, and 9.20, what is your...Ch. 9 - If, in a sample of n=16 selected from a...Ch. 9 - If, in a sample of n=160 selected from a...Ch. 9 - You are the manager of a restaurant for a...Ch. 9 - A manufacturer of chocolate candies uses machines...Ch. 9 - Prob. 26PSCh. 9 - The U.S. Department of Transportation requires...Ch. 9 - The file FastFood contains the amount that a...Ch. 9 - An insurance company has the business objective of...Ch. 9 - The following data (in Drink) represent the amount...Ch. 9 - One of the major measures of the quality of...Ch. 9 - A manufacturing company produces steel housings...Ch. 9 - One operation of a steel mill is to cut pieces of...Ch. 9 - In Problem 3.69 on page 156, you were introduced...Ch. 9 - Prob. 35PSCh. 9 - In a one-tail hypothesis test where you reject H0...Ch. 9 - In Problem 9.36, what is your statistical decision...Ch. 9 - In a one-tail hypothesis test where you reject H0...Ch. 9 - In Problem 9.38, what is your statistical decision...Ch. 9 - In a one-tail hypothesis test where you reject H0...Ch. 9 - In Problem 9.40, what is your statistical decision...Ch. 9 - In a one-tail hypothesis test where you reject H0...Ch. 9 - In Problem 9.42, what is your statistical decision...Ch. 9 - In a one-tail hypothesis test where you reject H0...Ch. 9 - In Problem 9.44, what is your statistical decision...Ch. 9 - Prob. 46PSCh. 9 - Prob. 47PSCh. 9 - Prob. 48PSCh. 9 - You are the manager of a restaurant that delivers...Ch. 9 - A survey of nonprofit organizations showed that...Ch. 9 - Prob. 51PSCh. 9 - If, a random sample of 400 items, 88 are...Ch. 9 - In Problem 9.52, if the null hypothesis is that 20...Ch. 9 - In Problem 9.52 and 9.53, suppose you are testing...Ch. 9 - Prob. 55PSCh. 9 - The worldwide market share for the Mozilla Firefox...Ch. 9 - One of the issues facing organizations Is...Ch. 9 - Prob. 58PSCh. 9 - A cellphone provider has the business objective of...Ch. 9 - Prob. 60PSCh. 9 - What is the difference between a null hypothesis,...Ch. 9 - What is the difference between a Type I error and...Ch. 9 - What is meant by the power of a test?Ch. 9 - What is the difference between a one -tail test...Ch. 9 - What is meant by a p-value?Ch. 9 - How can a confidence interval estimate for the...Ch. 9 - What is the six-step critical value approach to...Ch. 9 - What is the five-step p-value approach to...Ch. 9 - In hypothesis testing, the common level of...Ch. 9 - Financial institutions utilize prediction models...Ch. 9 - Prob. 71PSCh. 9 - The owner of a speciality coffee shop wants to...Ch. 9 - An auditor for a government agency was assigned...Ch. 9 - A bank branch located in a commercial district of...Ch. 9 - Call centers today play an important role in...Ch. 9 - An important quality characteristic used by the...Ch. 9 - Studies conducted by the manufacturer of Boston...Ch. 9 - The manufacturer of Boston and Vermont asphalt...Ch. 9 - Referring to the results of problems 9.76 through...
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- d of the 20 respectively. Interpret the shape, center and spread of the following box plot. 14 13 12 11 10 6 T 89 7 9 5. 治arrow_forwardF Make a box plot from the five-number summary: 100, 105, 120, 135, 140. harrow_forward14 Is the standard deviation affected by skewed data? If so, how? foldarrow_forward
- Frequency 15 Suppose that your friend believes his gambling partner plays with a loaded die (not fair). He shows you a graph of the outcomes of the games played with this die (see the following figure). Based on this graph, do you agree with this person? Why or why not? 65 Single Die Outcomes: Graph 1 60 55 50 45 40 1 2 3 4 Outcome 55 6arrow_forwardlie y H 16 The first month's telephone bills for new customers of a certain phone company are shown in the following figure. The histogram showing the bills is misleading, however. Explain why, and suggest a solution. Frequency 140 120 100 80 60 40 20 0 0 20 40 60 80 Telephone Bill ($) 100 120arrow_forward25 ptical rule applies because t Does the empirical rule apply to the data set shown in the following figure? Explain. 2 6 5 Frequency 3 сл 2 1 0 2 4 6 8 00arrow_forward
- 24 Line graphs typically connect the dots that represent the data values over time. If the time increments between the dots are large, explain why the line graph can be somewhat misleading.arrow_forward17 Make a box plot from the five-number summary: 3, 4, 7, 16, 17. 992) waarrow_forward12 10 - 8 6 4 29 0 Interpret the shape, center and spread of the following box plot. brill smo slob.nl bagharrow_forward
- Suppose that a driver's test has a mean score of 7 (out of 10 points) and standard deviation 0.5. a. Explain why you can reasonably assume that the data set of the test scores is mound-shaped. b. For the drivers taking this particular test, where should 68 percent of them score? c. Where should 95 percent of them score? d. Where should 99.7 percent of them score? Sarrow_forward13 Can the mean of a data set be higher than most of the values in the set? If so, how? Can the median of a set be higher than most of the values? If so, how? srit to estaarrow_forwardA random variable X takes values 0 and 1 with probabilities q and p, respectively, with q+p=1. find the moment generating function of X and show that all the moments about the origin equal p. (Note- Please include as much detailed solution/steps in the solution to understand, Thank you!)arrow_forward
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