Elementary Statistics: Picturing the World (7th Edition)
7th Edition
ISBN: 9780134683416
Author: Ron Larson, Betsy Farber
Publisher: PEARSON
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Chapter 9.2, Problem 36E
a.
To determine
To construct: The
b.
To determine
To identify: Whether there is any outlier.
c.
To determine
To explain: Whether the outlier has a strong influence or not.
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The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute time in minutes for 48 cities are as follows:
Click on the datafile logo to reference the data.
DATA file
Albuquerque
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Phoenix
28.3
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Boston
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32.2
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23.4
Charlotte
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Louisville
21.4
Sacramento
25.8
Chicago
38.1
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23.8
Salt Lake City
20.2
Cincinnati
24.9
Miami
30.7
San Antonio
26.1
Cleveland
26.8
Milwaukee
24.8
San Diego
24.8
Columbus
23.4
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23.6
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32.6
Dallas
28.5
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25.3
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28.5
Denver
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27.3
Detroit
29.3
New York
43.8
St. Louis
26.8
El Paso
24.4
Oklahoma City
22.0
Tucson
24.0
Fresno
23.0
Orlando
27.1
Tulsa
20.1
Indianapolis
24.8
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Washington, D.C.
32.8
a. What is the mean commute time for…
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
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18.15
Hybrid
1419
2900
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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?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
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, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
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20
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($ millions)
20
12
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10
5
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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).
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Chapter 9 Solutions
Elementary Statistics: Picturing the World (7th Edition)
Ch. 9.1 - A director of alumni affairs at a small college...Ch. 9.1 - A researcher conducts a study to determine whether...Ch. 9.1 - Consider the data on page 469 on the salaries and...Ch. 9.1 - Calculate the correlation coefficient for the...Ch. 9.1 - Use technology to calculate the correlation...Ch. 9.1 - In Try It Yourself 4, you calculated the...Ch. 9.1 - In Try It Yourself 5, you calculated the...Ch. 9.1 - Two variables have a positive linear correlation....Ch. 9.1 - Describe the range of values for the correlation...Ch. 9.1 - What does the sample correlation coefficient r...
Ch. 9.1 - Give examples of two variables that have perfect...Ch. 9.1 - Explain how to determine whether a sample...Ch. 9.1 - Discuss the difference between r and p.Ch. 9.1 - What are the null and alternate hypotheses for a...Ch. 9.1 - In your own words, what does it mean to say...Ch. 9.1 - Graphical Analysis In Exercises 912, determine...Ch. 9.1 - Graphical Analysis In Exercises 912, determine...Ch. 9.1 - Graphical Analysis In Exercises 912, determine...Ch. 9.1 - Graphical Analysis In Exercises 912, determine...Ch. 9.1 - In Exercises 13 and 14, identify the explanatory...Ch. 9.1 - In Exercises 13 and 14, identify the explanatory...Ch. 9.1 - Graphical Analysis In Exercises 1518, the scatter...Ch. 9.1 - Graphical Analysis In Exercises 1518, the scatter...Ch. 9.1 - Graphical Analysis In Exercises 1518, the scatter...Ch. 9.1 - Graphical Analysis In Exercises 1518, the scatter...Ch. 9.1 - In Exercises 1922, two variables are given that...Ch. 9.1 - In Exercises 1922, two variables are given that...Ch. 9.1 - In Exercises 1922, two variables are given that...Ch. 9.1 - In Exercises 1922, two variables are given that...Ch. 9.1 - Constructing a Scatter Plot and Determining...Ch. 9.1 - Constructing a Scatter Plot and Determining...Ch. 9.1 - Constructing a Scatter Plot and Determining...Ch. 9.1 - Constructing a Scatter Plot and Determining...Ch. 9.1 - Constructing a Scatter Plot and Determining...Ch. 9.1 - Constructing a Scatter Plot and Determining...Ch. 9.1 - In Exercise 23, add data for a child who is 6...Ch. 9.1 - In Exercise 24, remove the data for the girl who...Ch. 9.1 - In Exercise 25, remove the data for the...Ch. 9.1 - In Exercise 26, add data for an international...Ch. 9.1 - The t-Test for Correlation Coefficients In...Ch. 9.1 - The t-Test for Correlation Coefficients In...Ch. 9.1 - The t-Test for Correlation Coefficients In...Ch. 9.1 - The t-Test for Correlation Coefficients In...Ch. 9.1 - Interchanging x and y In Exercise 26, let the time...Ch. 9.1 - Generate a new data set. Using your knowledge of...Ch. 9.1 - Describe how to create a data set with a value of...Ch. 9.1 - Describe how to create a data set with a value of...Ch. 9.1 - Try to create a data set with a value of r that is...Ch. 9.2 - Find the equation of the regression line for the...Ch. 9.2 - Use technology to find the equation of the...Ch. 9.2 - The regression equation for the Old Faithful data...Ch. 9.2 - What is a residual? 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Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Finding the Equation of a Regression Line In...Ch. 9.2 - Registered Nurse Salaries In Exercises 2730, use...Ch. 9.2 - Registered Nurse Salaries In Exercises 2730, use...Ch. 9.2 - Registered Nurse Salaries In Exercises 2730, use...Ch. 9.2 - Registered Nurse Salaries In Exercises 2730, use...Ch. 9.2 - Interchanging X and y In Exercises 31 and 32,...Ch. 9.2 - Interchanging X and y In Exercises 31 and 32,...Ch. 9.2 - In Exercises 33 and 34, (a) find the equation of...Ch. 9.2 - In Exercises 33 and 34, (a) find the equation of...Ch. 9.2 - In Exercises 35 and 36, (a) construct a scatter...Ch. 9.2 - 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Fund Assets The table shows the total assets (in...Ch. 9.3 - New-Vehicle Sales The table shows the numbers of...Ch. 9.3 - New-Vehicle Sales The table shows the numbers of...Ch. 9.3 - Old Vehicles In Exercises 3134, use the figure...Ch. 9.3 - Old Vehicles In Exercises 3134, use the figure...Ch. 9.3 - Old Vehicles In Exercises 3134, use the figure...Ch. 9.3 - Old Vehicles In Exercises 3134, use the figure...Ch. 9.3 - Prob. 35ECh. 9.3 - Prob. 36ECh. 9.3 - Prob. 37ECh. 9.3 - In Exercises 37 and 38, construct the indicated...Ch. 9.4 - A statistics professor wants to determine how...Ch. 9.4 - Use the regression equation found in Try It...Ch. 9.4 - Predicting y-Values In Exercises 14, use the...Ch. 9.4 - Predicting y-Values In Exercises 14, use the...Ch. 9.4 - Prob. 3ECh. 9.4 - Predicting y-Values In Exercises 14, use the...Ch. 9.4 - Finding a Multiple Regression Equation In...Ch. 9.4 - Finding a Multiple Regression Equation In...Ch. 9.4 - In Exercises 7 and 8, calculate r2adi and...Ch. 9.4 - In Exercises 7 and 8, calculate r2adi and...Ch. 9 - In Exercises 14, (a) display the data in a scatter...Ch. 9 - In Exercises 14, (a) display the data in a scatter...Ch. 9 - In Exercises 14, (a) display the data in a scatter...Ch. 9 - In Exercises 14, (a) display the data in a scatter...Ch. 9 - Prob. 9.1.5RECh. 9 - Prob. 9.1.6RECh. 9 - Prob. 9.1.7RECh. 9 - Prob. 9.1.8RECh. 9 - In Exercises 912, find the equation of the...Ch. 9 - Prob. 9.2.10RECh. 9 - In Exercises 912, find the equation of the...Ch. 9 - Prob. 9.2.12RECh. 9 - In Exercises 1316, use the value of the...Ch. 9 - Prob. 9.3.14RECh. 9 - Prob. 9.3.15RECh. 9 - Prob. 9.3.16RECh. 9 - Prob. 9.3.17RECh. 9 - Prob. 9.3.18RECh. 9 - Prob. 9.3.19RECh. 9 - Prob. 9.3.20RECh. 9 - Prob. 9.3.21RECh. 9 - In Exercises 1924, construct the indicated...Ch. 9 - Prob. 9.3.23RECh. 9 - Prob. 9.3.24RECh. 9 - Prob. 9.4.25RECh. 9 - Prob. 9.4.26RECh. 9 - Prob. 9.4.27RECh. 9 - Prob. 9.4.28RECh. 9 - Prob. 1CQCh. 9 - For Exercises 18, use the data in the table, which...Ch. 9 - 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