Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Chapter 9, Problem 77CP
To determine
Interpret the results of output.
State the preference of the customers of the company as suggested by the result.
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You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. please do it step by step
Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship.
Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship.
Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size).
Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear…
Exercises: Find all the whole number
solutions of the congruence equation.
1. 3x 8 mod 11
2. 2x+3= 8 mod 12
3. 3x+12= 7 mod 10
4. 4x+6= 5 mod 8
5. 5x+3= 8 mod 12
Scenario
Sales of products by color follow a peculiar, but predictable, pattern that determines how many units will sell in
any given year. This pattern is shown below
Product Color
1995
1996
1997
Red
28
42
21
1998
23
1999
29
2000
2001
2002
Unit Sales
2003 2004
15
8
4
2
1
2005 2006
discontinued
Green
26
39
20
22
28
14
7
4
2
White
43
65
33
36
45
23
12
Brown
58
87
44
48
60
Yellow
37
56
28
31
Black
28
42
21
Orange
19
29
Purple
Total
28
42
21
49
68
78
95
123
176
181
164
127
24
179
Questions
A) Which color will sell the most units in 2007?
B) Which color will sell the most units combined in the 2007 to 2009 period?
Please show all your analysis, leave formulas in cells, and specify any assumptions you make.
Chapter 9 Solutions
Statistics: The Art and Science of Learning from Data (4th Edition)
Ch. 9.1 - H0 or Ha? For parts a and b, is the statement a...Ch. 9.1 - H0 or Ha? For each of the following, is the...Ch. 9.1 - Burden of proof For a new pesticide, should the...Ch. 9.1 - Financial aid The average financial aid package...Ch. 9.1 - Low-carbohydrate diet A study plans to have a...Ch. 9.1 - Prob. 6PBCh. 9.1 - Proper hypotheses? Explain what is wrong with each...Ch. 9.1 - Prob. 8PBCh. 9.1 - P-value Indicate whether each of the following...Ch. 9.2 - Psychic A person who claims to be psychic says he...
Ch. 9.2 - Prob. 11PBCh. 9.2 - Get P-value from z For a test of H0: p = 0.50, the...Ch. 9.2 - Get more P-values from z Refer to the previous...Ch. 9.2 - Find test statistic and P-value For a test of H0:...Ch. 9.2 - Dogs and cancer A recent study4 considered whether...Ch. 9.2 - Religion important in your life? Americans ages 18...Ch. 9.2 - Prob. 17PBCh. 9.2 - Prob. 18PBCh. 9.2 - Testing a headache remedy Studies that compare...Ch. 9.2 - Gender bias in selecting managers For a large...Ch. 9.2 - Gender discrimination Refer to the 95% confidence...Ch. 9.2 - Garlic to repel ticks A study (J. Amer. Med....Ch. 9.2 - Exit-poll predictions According to an exit poll of...Ch. 9.2 - Which cola? The 49 students in a class at the...Ch. 9.2 - How to sell a burger A fast-food chain wants to...Ch. 9.2 - A binomial headache A null hypothesis states that...Ch. 9.2 - P-value for small samples Example 4, on whether...Ch. 9.3 - Which t has P-value = 0.05? A t test for a mean...Ch. 9.3 - Practice mechanics of a t test A study has a...Ch. 9.3 - Prob. 30PBCh. 9.3 - Low carbohydrate diet In a recent study,8 272...Ch. 9.3 - Prob. 32PBCh. 9.3 - Facebook friends Many students brag that they have...Ch. 9.3 - Lake pollution An industrial plant claims to...Ch. 9.3 - Weight change for controls A disadvantage of the...Ch. 9.3 - Crossover study A crossover study of 13 children...Ch. 9.3 - Too little or too much wine? Wine-pouring vending...Ch. 9.3 - Prob. 38PBCh. 9.3 - Assumptions important? Refer to the previous...Ch. 9.3 - Anorexia in teenage girls Example 8 described a...Ch. 9.3 - Sensitivity study Ideally, results of a...Ch. 9.3 - Prob. 42PBCh. 9.4 - Dr. Dog In the experiment in Example 4, we got a...Ch. 9.4 - Error probability A significance test about a...Ch. 9.4 - Fracking errors Example 6, in testing H0: p = 0.5...Ch. 9.4 - Prob. 46PBCh. 9.4 - Anorexia decision Refer to the previous exercise....Ch. 9.4 - Prob. 48PBCh. 9.4 - Errors in medicine Consider the test of H0: The...Ch. 9.4 - Prob. 50PBCh. 9.4 - Detecting prostate cancer Refer to the previous...Ch. 9.4 - Prob. 52PBCh. 9.5 - Misleading summaries? Two researchers conduct...Ch. 9.5 - Practical significance A study considers whether...Ch. 9.5 - Prob. 55PBCh. 9.5 - Fishing for significance A marketing study...Ch. 9.5 - Prob. 57PBCh. 9.5 - Prob. 58PBCh. 9.5 - Interpret medical research studies a. An...Ch. 9.6 - Find P(Type II error) A study is designed to test...Ch. 9.6 - Gender bias in selecting managers Exercise 9.20...Ch. 9.6 - Prob. 62PBCh. 9.6 - P(Type II error) large when p close to H0 For...Ch. 9.6 - Prob. 64PBCh. 9.6 - Power for infertility trial Consider Example 13...Ch. 9.6 - Exploring Type II errors Refer to the web app from...Ch. 9 - H0 or Ha? For each of the following hypotheses,...Ch. 9 - Write H0 and Ha For each of the following...Ch. 9 - Prob. 69CPCh. 9 - Free-throw accuracy Consider all cases in which a...Ch. 9 - Brown or Whitman? Californias governor election in...Ch. 9 - Prob. 72CPCh. 9 - Prob. 73CPCh. 9 - Prob. 74CPCh. 9 - Prob. 75CPCh. 9 - Start a hockey team A fraternity at a university...Ch. 9 - Prob. 77CPCh. 9 - Prob. 78CPCh. 9 - Prob. 79CPCh. 9 - Prob. 80CPCh. 9 - Prob. 81CPCh. 9 - Two ideal children? Is the ideal number of...Ch. 9 - Prob. 83CPCh. 9 - Prob. 84CPCh. 9 - Blood pressure When Vincenzo Baranellos blood...Ch. 9 - Increasing blood pressure In the previous...Ch. 9 - Tennis balls in control? When it is operating...Ch. 9 - Prob. 88CPCh. 9 - Prob. 89CPCh. 9 - CI and test Refer to the previous exercise. a. For...Ch. 9 - Prob. 91CPCh. 9 - Religious beliefs statistically significant? A...Ch. 9 - Prob. 93CPCh. 9 - Prob. 94CPCh. 9 - Prob. 95CPCh. 9 - Prob. 96CPCh. 9 - Prob. 98CPCh. 9 - Baseball home team advantage In Major League...Ch. 9 - Prob. 100CPCh. 9 - Prob. 101CPCh. 9 - Prob. 102CPCh. 9 - Prob. 103CPCh. 9 - Prob. 104CPCh. 9 - Prob. 105CPCh. 9 - Prob. 106CPCh. 9 - Prob. 107CPCh. 9 - Prob. 108CPCh. 9 - Significance Explain the difference between...Ch. 9 - More doctors recommend An advertisement by Company...Ch. 9 - Prob. 111CPCh. 9 - Bad P-value interpretations A random sample of...Ch. 9 - Prob. 113CPCh. 9 - Prob. 114CPCh. 9 - Prob. 115CPCh. 9 - Prob. 116CPCh. 9 - Prob. 117CPCh. 9 - Prob. 118CPCh. 9 - Prob. 119CPCh. 9 - Prob. 120CPCh. 9 - Prob. 121CPCh. 9 - True or false A 95% confidence interval for =...Ch. 9 - Prob. 123CPCh. 9 - Prob. 124CPCh. 9 - Prob. 125CPCh. 9 - Prob. 126CPCh. 9 - Prob. 127CPCh. 9 - Prob. 128CP
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- One hundred students were surveyed about their preference between dogs and cats. The following two-way table displays data for the sample of students who responded to the survey. Preference Male Female TOTAL Prefers dogs \[36\] \[20\] \[56\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] problem 1 Find the probability that a randomly selected student prefers dogs.Enter your answer as a fraction or decimal. \[P\left(\text{prefers dogs}\right)=\] Incorrect Check Hide explanation Preference Male Female TOTAL Prefers dogs \[\blueD{36}\] \[\blueD{20}\] \[\blueE{56}\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] There were \[\blueE{56}\] students in the sample who preferred dogs out of \[100\] total students.arrow_forwardBusiness discussarrow_forwardYou have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear regression model. Interpret the…arrow_forward
- Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. How to take snapshots: if you use a MacBook, press Command+ Shift+4 to take snapshots. If you are using Windows, use the Snipping Tool to take snapshots. Question 1: Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Value of correlation coefficient: Direction of the relationship (positive, negative, or zero relationship): Strength of the relationship (strong/moderate/weak): Question 2: Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size. (The answer for the…arrow_forwardIn this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0 given (under the measure P) by d.St 0.03 St dt + 0.2 St dwt, with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to price an option on this stock (which we name cubic put). This option is European-type, with maturity 3 months (i.e. T = 0.25 years), and payoff given by F = (8-5)+ (a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure Q. (You don't need to prove it, simply give the answer.) (b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2. (c) Let X = S. Find the Stochastic Differential Equation satisfied by the process (Xt) under the measure Q. (d) Find an explicit expression for X₁ = S3 under measure Q. (e) Using the results above, find the price of the cubic put option mentioned above. (f) Is the price in (e) the same as in question (b)? (Explain why.)arrow_forwardProblem 4. Margrabe formula and the Greeks (20 pts) In the homework, we determined the Margrabe formula for the price of an option allowing you to swap an x-stock for a y-stock at time T. For stocks with initial values xo, yo, common volatility σ and correlation p, the formula was given by Fo=yo (d+)-x0Þ(d_), where In (±² Ꭲ d+ õ√T and σ = σ√√√2(1 - p). дго (a) We want to determine a "Greek" for ỡ on the option: find a formula for θα (b) Is дго θα positive or negative? (c) We consider a situation in which the correlation p between the two stocks increases: what can you say about the price Fo? (d) Assume that yo< xo and p = 1. What is the price of the option?arrow_forward
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