Solutions for Basic Business Statistics
Problem 1PS:
If you use a 0.005 level of significance in a two-tail hypothesis test, what decision will you make...Problem 2PS:
If you use a 0.05 level of significance in a two-tail hypothesis test, what decision will you make...Problem 3PS:
If you use a 0.10 level of significance in a two-tail hypothesis test, what is your decision rule...Problem 4PS:
If you use a 0.01 level of significance in a two-tail hypothesis test, what is your decision rule...Problem 5PS:
What is your decision in problem 9.4 if ZSTAT=2.61?Problem 7PS:
In problem 9.6, what is your statistical decision if you test the null hypothesis at the 0.10 level...Problem 9PS:
In the U.S. legal system, a defendant is presumed innocent until proven guilty. Consider a null...Problem 10PS:
Suppose the defendant in Problem 9.9 is presumed guilty until proven innocent. How do the null and...Problem 11PS:
Many consumer groups feel that U.S. Food and Drug Administration (FDA) drug approval process is too...Problem 12PS:
As a result of complaints from both students and faculty about lateness, the register at a large...Problem 13PS:
Do business senior at your school prepare for class more than, less than, or about the same as...Problem 14PS:
The quality- control manager at a light emitting diode (LED) factory needs to determine whether the...Problem 15PS:
Suppose that in problem 9.14, the standard deviation is 500 hours. a. Repeat (a) through (d) problem...Problem 16PS:
A bottled water distributor wants to determine whether the mean amount of water contained in...Problem 17PS:
Suppose that in Problem 9.16, the standard deviation is 0.012 gallon. a. Repeat (a) through (d) of...Problem 18PS:
If, In a sample of n=16 selected from a normal population, X=56 and S=12, what is the value of tSTAT...Problem 20PS:
In Problem 9.18, 9.19, what are the Critical values of t if the level of significance, , is 0.05 and...Problem 21PS:
In, Problem 9.18, 9.19, and 9.20, what is your statistical decision if he alternative hypothesis,...Problem 22PS:
If, in a sample of n=16 selected from a left-skewed population, X=65, and S=21, Would you use the t...Problem 23PS:
If, in a sample of n=160 selected from a left-skewed population, X=65, and S=21, Would you use the t...Problem 24PS:
You are the manager of a restaurant for a fast-food franchise. Last month, the mean waiting time at...Problem 25PS:
A manufacturer of chocolate candies uses machines to package candies as they move along a filling...Problem 26PS:
A marketing researcher wants to estimate the mean amount spent per year $ on Amazon.com by Amazon...Problem 27PS:
The U.S. Department of Transportation requires tire manufactures to provide performance on tire...Problem 28PS:
The file FastFood contains the amount that a sample of fifteen customer spent for lunch $ at a...Problem 29PS:
An insurance company has the business objective of reducing the amount of time it takes to approve...Problem 30PS:
The following data (in Drink) represent the amount of soft drink filled in a sample of 50...Problem 31PS:
One of the major measures of the quality of Service Provided by any organization in the speed with...Problem 32PS:
A manufacturing company produces steel housings for electrical equipment. The man component part of...Problem 33PS:
One operation of a steel mill is to cut pieces of steel info parts that are used in the frame for...Problem 34PS:
In Problem 3.69 on page 156, you were introduced to teabag-filling operation. An important quality...Problem 35PS:
We Are Social and Hootsuite reported that the typical American spends 2.02 hours (121 minutes) per...Problem 36PS:
In a one-tail hypothesis test where you reject H0 only in the upper tail, what is the p-value if...Problem 37PS:
In Problem 9.36, what is your statistical decision if you test the null hypothesis at the 0.05 level...Problem 38PS:
In a one-tail hypothesis test where you reject H0 only in the lower tail, what is the p-value if...Problem 39PS:
In Problem 9.38, what is your statistical decision if you test the null hypothesis at the 0.01 level...Problem 40PS:
In a one-tail hypothesis test where you reject H0 only in the lower tail, what is p-value if...Problem 41PS:
In Problem 9.40, what is your statistical decision if you test the null hypothesis at the 0.01 level...Problem 42PS:
In a one-tail hypothesis test where you reject H0 only in the upper tail, what is the critical value...Problem 44PS:
In a one-tail hypothesis test where you reject H0 only in the lower tail, what is the critical value...Problem 46PS:
The Washington Metropolitan Area Transit Authority has set a bus fleet reliability goal of 8,000 bus...Problem 47PS:
CarMD reports that after two years of flat U.S. car repair costs, 2016 saw an increase. Once of the...Problem 48PS:
Patient waiting is a common phenomenon the doctor’s waiting room. One acceptable standard of...Problem 49PS:
You are the manager of a restaurant that delivers pizza to college dormitory rooms. You have just...Problem 50PS:
A Survey of nonprofit organization showed that online fundraising has increasing in the past year....Problem 51PS:
The population mean waiting time to check out of a supermarket has been 4 minutes. Recently, in an...Problem 52PS:
If, a random sample of 400 items, 88 are defective, what is the sample proportion of defective...Problem 53PS:
In Problem 9.52, if the null hypothesis is that 20 of the items in the population are defective,...Problem 54PS:
In Problem 9.52 and 9.53, suppose you are testing the null hypothesis H0:=0.20 against two-tail...Problem 55PS:
According to a recent National Association of Colleges and Employers (NACE) report, 44 of college...Problem 56PS:
The worldwide market share for the Chrome web browser was 56.43 in a recent month. Suppose that you...Problem 57PS:
One of the issues facing organizations Is increasing diversity throughout an organization. One of...Problem 58PS:
What are companies’ biggest obstacles to attracting the best talent? Of 703 surveyed U.S. and...Problem 59PS:
A cellphone provider has the business objective of wanting to determine the proportion of...Problem 60PS:
Actuation Consulting conducted a global survey of product terms with the goal of better...Problem 61PS:
What is the difference between a null hypothesis, H0, and an alternative hypothesis? H1?Problem 63PS:
What is meant by the power of a test?Problem 65PS:
What is meant by a p-value?Problem 66PS:
How can a confidence interval estimate for the population mean provide mean provide conclusions...Problem 69PS:
In hypothesis testing, the common level of significance is =0.05. Some might argue for a level of...Problem 70PS:
Financial institutions utilize prediction models to predict bankruptcy. One such model is the Altman...Problem 71PS:
IAB conducted a study of 821 U.S. adults to understand the behavioural shift of consumers’ TV...Problem 72PS:
The owner of a speciality coffee shop wants to study coffee purchasing habits of customers at her...Problem 73PS:
An auditor for a government agency was assigned the task of evaluating reimbursement for office...Problem 74PS:
A bank branch located in a commercial district of a city has the business objective of improving the...Problem 75PS:
Call centers today play an important role in managing day-to-day business communication with...Problem 76PS:
An important quality characteristic used by the manufacturer of Boston and Vermont asphalt shingles...Problem 77PS:
Studies conducted by the manufacturer of Boston and Vermont asphalt shingles have shown project...Browse All Chapters of This Textbook
Chapter 1 - Defining And Collecting DataChapter 2 - Organizing And Visualizing VariablesChapter 3 - Numerical Descriptive MeasuresChapter 4 - Basic ProbabilityChapter 5 - Discrete Probability DistributionsChapter 6 - The Normal Distribution And Other Continuous DistributionsChapter 7 - Sampling DistributionsChapter 8 - Confidence Interval EstimationChapter 9 - Fundamentals Of Hypothesis Testing: One-sample TestsChapter 10 - Two-sample Tests
Chapter 11 - Analysis Of VarianceChapter 12 - Chi-square And Nonparametric TestsChapter 13 - Simple Linear RegressionChapter 14 - Introduction To Multiple RegressionChapter 15 - Multiple Regression Model BuildingChapter 16 - Time-series ForecastingChapter 17 - Business AnalyticsChapter 18 - Getting Ready To Analyze Data In The Future
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