Probability and Statistics for Engineering and the Sciences
9th Edition
ISBN: 9781305251809
Author: Jay L. Devore
Publisher: Cengage Learning
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Chapter 9.5, Problem 61E
To determine
Check whether the population standard deviation for the two age groups is different.
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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
2621
18.15
Hybrid
1419
2900
11.36
6.75
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?
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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, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ millions)
20
12
30
7
10
5
6
15
10
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).
days
c. What are the first and third quartiles?
First Quartiles (to 1 decimals)
Third Quartiles (to 4 decimals)
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Which companies spend the most money on advertising? Business Insider maintains a list of the top-spending companies. In 2014, Procter & Gamble spent more than any other company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion (Business Insider website, December 2014). The top 12 companies and
the amount each spent on advertising in billions of dollars are as follows.
Click on the datafile logo to reference the data.
DATA file
Company
Procter & Gamble
Comcast
Advertising
($billions)
$5.00
3.08
2.91
Company
American Express
General Motors
Advertising
($billions)
$2.19
2.15
ETET
AT&T
Ford
Verizon
L'Oreal
2.56
2.44
2.34
Toyota
Fiat Chrysler
Walt Disney Company
J.P Morgan
a. What is the mean amount spent on advertising? (to 2 decimals)
2.55
b. What is the median amount spent on advertising? (to 3 decimals)
2.09
1.97
1.96
1.88
Chapter 9 Solutions
Probability and Statistics for Engineering and the Sciences
Ch. 9.1 - An article in the November 1983 Consumer Reports...Ch. 9.1 - The National Health Statistics Reports dated Oct....Ch. 9.1 - Pilates is a popular set of exercises for the...Ch. 9.1 - Reliance on solid biomass fuel for cooking and...Ch. 9.1 - Persons having Reynauds syndrome are apt to suffer...Ch. 9.1 - An experiment to compare the tension bond strength...Ch. 9.1 - Is there any systematic tendency for part-time...Ch. 9.1 - Tensile-strength tests were carried out on two...Ch. 9.1 - The article Evaluation of a Ventilation Strategy...Ch. 9.1 - An experiment was performed to compare the...
Ch. 9.1 - The level of lead in the blood was determined for...Ch. 9.1 - The accompanying summary data on total cholesterol...Ch. 9.1 - A mechanical engineer wishes to compare strength...Ch. 9.1 - The level of monoamine oxidase (MAO) activity in...Ch. 9.1 - Prob. 15ECh. 9.1 - Prob. 16ECh. 9.2 - Determine the number of degrees of freedom for the...Ch. 9.2 - Which way of dispensing champagne, the traditional...Ch. 9.2 - Suppose 1 and 2 are true mean stopping distances...Ch. 9.2 - Use the data of Exercise 19 to calculate a 95% CI...Ch. 9.2 - Quantitative noninvasive techniques are needed for...Ch. 9.2 - According to the article Modeling and Predicting...Ch. 9.2 - Fusible interlinings are being used with...Ch. 9.2 - Damage to grapes from bird predation is a serious...Ch. 9.2 - The accompanying data consists of prices () for...Ch. 9.2 - The article The Influence of Corrosion Inhibitor...Ch. 9.2 - Anorexia Nervosa (AN) is a psychiatric condition...Ch. 9.2 - As the population ages, there is increasing...Ch. 9.2 - The article Effect of Internal Gas Pressure on the...Ch. 9.2 - The article Flexure of Concrete Beams Reinforced...Ch. 9.2 - Refer to Exercise 33 in Section 7.3. The cited...Ch. 9.2 - The degenerative disease osteoarthritis most...Ch. 9.2 - The article The Effects of a Low-Fat, Plant-Based...Ch. 9.2 - Consider the pooled t variable T=(XY)(12)sp1m+1n...Ch. 9.2 - Prob. 35ECh. 9.3 - Consider the accompanying data on breaking load...Ch. 9.3 - Prob. 37ECh. 9.3 - Adding computerized medical images to a database...Ch. 9.3 - Scientists and engineers frequently wish to...Ch. 9.3 - Lactation promotes a temporary loss of bone mass...Ch. 9.3 - Antipsychotic drugs are widely prescribed for...Ch. 9.3 - Many freeways have service (or logo) signs that...Ch. 9.3 - Cushings disease is characterized by muscular...Ch. 9.3 - Prob. 44ECh. 9.3 - Torsion during hip external rotation (ER) and...Ch. 9.3 - Example 7.11 gave data on the modulus of...Ch. 9.3 - The article Slender High-Strength RC Columns Under...Ch. 9.3 - Prob. 48ECh. 9.4 - Consider the following two questions designed to...Ch. 9.4 - Recent incidents of food contamination have caused...Ch. 9.4 - It is well known that a placebo, a fake medication...Ch. 9.4 - Do teachers find their work rewarding and...Ch. 9.4 - Olestra is a fat substitute approved by the FDA...Ch. 9.4 - Teen Court is a juvenile diversion program...Ch. 9.4 - In medical investigations, the ratio = p1/p2 is...Ch. 9.4 - Sometimes experiments involving success or failure...Ch. 9.4 - Two different types of alloy, A and B, have been...Ch. 9.4 - Prob. 58ECh. 9.5 - Obtain or compute the following quantities: a....Ch. 9.5 - Give as much information as you can about the...Ch. 9.5 - Prob. 61ECh. 9.5 - Prob. 62ECh. 9.5 - Toxaphene is an insecticide that has been...Ch. 9.5 - The following observations are on time (h) for a...Ch. 9.5 - The article Enhancement of Compressive Properties...Ch. 9.5 - Prob. 66ECh. 9 - The accompanying summary data on compression...Ch. 9 - The article Supervised Exercise Versus Non-...Ch. 9 - Is the response rate for questionnaires affected...Ch. 9 - Shoveling is not exactly a high-tech activity, but...Ch. 9 - The article Quantitative MRI and Electrophysiology...Ch. 9 - The following summary data on bending strength...Ch. 9 - Prob. 73SECh. 9 - The derailment of a freight train due to the...Ch. 9 - Prob. 75SECh. 9 - Prob. 76SECh. 9 - Information about hand posture and forces...Ch. 9 - Prob. 78SECh. 9 - The article The Accuracy of Stated Energy Contents...Ch. 9 - Arsenic is a known carcinogen and poison. The...Ch. 9 - Prob. 81SECh. 9 - Acrylic bone cement is commonly used in total...Ch. 9 - In an experiment to compare bearing strengths of...Ch. 9 - Prob. 84SECh. 9 - An experimenter wishes to obtain a CI for the...Ch. 9 - Prob. 86SECh. 9 - Prob. 87SECh. 9 - The paper Quantitative Assessment of Glenohumeral...Ch. 9 - Prob. 89SECh. 9 - Prob. 90SECh. 9 - Prob. 91SECh. 9 - Prob. 92SECh. 9 - The article Evaluating Variability in Filling...Ch. 9 - Prob. 94SECh. 9 - Prob. 95SE
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