EBK STATISTICAL TECHNIQUES IN BUSINESS17th EditionLind Publisher: MCGRAW HILL BOOK COMPANYISBN: 9781259924163
EBK STATISTICAL TECHNIQUES IN BUSINESS
Solutions for EBK STATISTICAL TECHNIQUES IN BUSINESS
Problem 1SR:
Heinz, a manufacturer of ketchup, uses a particular machine to dispense 16 ounces of its ketchup...Problem 1E:
For Exercises 14, answer the questions: (a) Is this a one- or two-tailed test? (b) What is the...Problem 4E:
For Exercises 14, answer the questions: (a) Is this a one- or two-tailed test? (b) What is the...Problem 5E:
For Exercises 58: (a) State the null hypothesis and the alternate hypothesis. (b) State the decision...Problem 6E:
For Exercises 58: (a) State the null hypothesis and the alternate hypothesis. (b) State the decision...Problem 7E:
For Exercises 58: (a) State the null hypothesis and the alternate hypothesis. (b) State the decision...Problem 8E:
For Exercises 58: (a) State the null hypothesis and the alternate hypothesis. (b) State the decision...Problem 3SR:
The mean life of a battery used in a digital clock is 305 days. The lives of the batteries follow...Problem 9E:
Given the following hypotheses: H0:10H1:10 A random sample of 10 observations is selected from a...Problem 10E:
Given the following hypotheses: H0:=400H1:400 A random sample of 12 observations is selected from a...Problem 11E:
The Rocky Mountain district sales manager of Rath Publishing Inc., a college textbook publishing...Problem 12E:
The management of White Industries is considering a new method of assembling its golf cart. The...Problem 14E:
Most air travelers now use e-tickets. Electronic ticketing allows passengers to not worry about a...Problem 4SR:
A machine is set to fill a small bottle with 9.0 grams of medicine. A sample of eight bottles...Problem 15E:
Given the following hypotheses: H0:20H1:20 A random sample of five resulted in the following values:...Problem 16E:
Given the following hypotheses: H0:=100H1:100 A random sample of six resulted in the following...Problem 17E:
The amount of water consumed each day by a healthy adult follows a normal distribution with a mean...Problem 18E:
The liquid chlorine added to swimming pools to combat algae has a relatively short shelf life before...Problem 19E:
A Washington, D.C., think tank announces the typical teenager sent 67 text messages per day in 2017....Problem 20E:
Hugger Polls contends that an agent conducts a mean of 53 in-depth home surveys every week. A...Problem 21E:
Refer to Table 104 and the example just completed. With n = 100, = 400, xc=9,922 and 1 = 9,880,...Problem 25CE:
According to the local union president, the mean gross income of plumbers in the Salt Lake City area...Problem 26CE:
Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the...Problem 27CE:
A new weight-watching company, Weight Reducers International, advertises that those who join will...Problem 28CE:
Dole Pineapple Inc. is concerned that the 16-ounce can of sliced pineapple is being overfilled....Problem 29CE:
According to a recent survey, Americans get a mean of 7 hours of sleep per night. A random sample of...Problem 30CE:
A statewide real estate sales agency, Farm Associates, specializes in selling farm property in the...Problem 31CE:
According to the Census Bureau, 3.13 people reside in the typical American household. A sample of 25...Problem 32CE:
A recent article in Vitality magazine reported that the mean amount of leisure time per week for...Problem 35CE:
A recent study revealed the typical American coffee drinker consumes an average of 3.1 cups per day....Problem 36CE:
The postanesthesia care area (recovery room) at St. Lukes Hospital in Maumee, Ohio, was recently...Problem 37CE:
www.golfsmith.com receives an average of 6.5 returns per day from online shoppers. For a sample of...Problem 38CE:
During recent seasons, Major League Baseball has been criticized for the length of the games. A...Problem 39CE:
Watch Corporation of Switzerland claims that its watches on average will neither gain nor lose time...Problem 40CE:
Listed below is the annual rate of return (reported in percent) for a sample of 12 taxable mutual...Problem 41CE:
Many grocery stores and large retailers such as Kroger and Walmart have installed self-checkout...Problem 42CE:
For a recent year, the mean fare to fly from Charlotte, North Carolina, to Chicago, Illinois, on a...Problem 43CE:
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature...Problem 44CE:
A United Nations report shows the mean family income for Mexican migrants to the United States is...Problem 46CE:
The American Water Works Association reports that the per capita water use in a single-family home...Problem 47CE:
A cola-dispensing machine is set to dispense 9.00 ounces of cola per cup, with a standard deviation...Problem 48CE:
The owners of the Westfield Mall wished to study customer shopping habits. From earlier studies, the...Problem 49CE:
The following null and alternate hypotheses are given. H0:50H1:50 Suppose the population standard...Problem 50CE:
An insurance company, based on past experience, estimates the mean damage for a natural disaster in...Browse All Chapters of This Textbook
Chapter 1 - What Is Statistics?Chapter 2 - Describing Data: Frequency Tables, Frequency Distributions, And Graphic PresentationChapter 3 - Describing Data: Numerical MeasuresChapter 4 - Describing Data: Displaying And Exploring DataChapter 5 - A Survey Of Probability ConceptsChapter 6 - Discrete Probability DistributionsChapter 7 - Continuous Probability DistributionsChapter 8 - Sampling Methods And The Central Limit TheoremChapter 9 - Estimation And Confidence IntervalsChapter 10 - One-sample Tests Of Hypothesis
Chapter 11 - Two-sample Tests Of HypothesisChapter 12 - Analysis Of VarianceChapter 13 - Correlation And Linear RegressionChapter 14 - Multiple Regression AnalysisChapter 15 - Nonparametric Methods: Nominal Level Hypothesis TestsChapter 16 - Nonparametric Methods: Analysis Of Ordinal DataChapter 17 - Index NumbersChapter 18 - Time Series And ForecastingChapter 19 - Statistical Process Control And Quality ManagementChapter 20 - An Introduction To Decision Theory
Book Details
Lind/Marchal/Wathen is a perennial market best seller due to its comprehensive coverage of statistical concepts and methods delivered in a student friendly, step-by-step format. The text presents concepts clearly and succinctly with a conversational writi
Sample Solutions for this Textbook
We offer sample solutions for EBK STATISTICAL TECHNIQUES IN BUSINESS homework problems. See examples below:
Descriptive statistics: Descriptive statistics are a set of statistical tools that are used to...Chapter 1, Problem 13CECalculation: The manufacturers for whom, data is missing for one or both the years are ignored....Chapter 2, Problem 1SRSelection of number of classes: The “2 to the k rule” suggests that the number of classes is the...Chapter 2, Problem 38CEChapter 2, Problem 51DASelection of number of classes: “2 to the k rule” suggests that the number of classes is the...Chapter 2, Problem 53DA
Chapter 3, Problem 1.1SRCalculation: Step by step procedure to obtain mean, median using MINITAB software is given as,...Calculation: Arithmetic mean of grouped data: The mean of the data that is given in frequency...In the dotplot of number of employees for each of 142 Home Depot stores, the horizontal line...Calculation: Location of percentile: The formula for percentile is, LP=(n+1)P100 In the formula, P...Chapter 4, Problem 14ECalculation: Step by step procedure to obtain mean, median and standard deviation using MINITAB...Calculation: Step by step procedure to obtain boxplot using MINITAB software is given as, Choose...Experiment: It is the process in which it leads to exactly one occurrence among different possible...Chapter 5, Problem 8SRCalculation: The total number of families is 20 and the number of families prepared their own taxes...Calculation: The below table shows the number of homes that have a pool versus the number of homes...Chapter 6, Problem 1SRChapter 6, Problem 8EChapter 6, Problem 21EHere, n=15; π=0.70. The expected number of problems to be resolved today is calculated as follows:...Chapter 6, Problem 45CEThe formula to find the binomial probability is as follows: P(X)=Cnxπx(1−π)(n−x)where, C is the...The formula to find the binomial probability is as follows: P(X)=Cnxπx(1−π)(n−x)where, C is the...Step-by-step procedure to obtain the frequency table for bedrooms using EXCEL: Enter the data in an...Chapter 7, Problem 1SRThe binomial probability distribution with n=40 and π=0.55 is given. The mean can be obtained as...It is given that an error is made on 7% of the returns prepared in the last year. The total number...It is given that 20% of the mufflers are installed in more than 30 minutes. The total number of...In order to qualify as a binomial problem it must satisfy the following conditions: The number of...It is given that 80% of the guests respond to invitations that they will attend the wedding and the...The exponential parameter value for the age group of 75 years and older is as follows: λ=118...In order to qualify as a binomial problem, it must satisfy the following conditions. There are only...In order to qualify as a binomial problem, it must satisfy the following conditions. There are only...In order to qualify as a binomial problem, it must satisfy the following conditions: There are only...The formula to find the binomial probability is as follows: P(X)=Cnxπx(1−π)(n−x)where, n is the...From the given information, list of 46 students are given and assigned the numbers as 00 to 45. The...Chapter 8, Problem 3SRFrom the given information, the number of cases each partner actually tried in court is 3, 6, 3, 3,...The mean is calculated by using the following formula: Mean=Sum of all the observationsNumber of...Chapter 8, Problem 30CEFrom the given information, the fair die is rolled two times. A fair die has 6 sides. Then, the...Here, the sample mean is provided and there is no information about the population mean of daily...Calculation: In this case, the number of voters favoring the Republican candidate is 520...Chapter 10, Problem 1SRChapter 11, Problem 1SRCalculation: Degrees of freedom: The degrees of freedom is as follows: df=n1+n2−2=10+8−2=16...Chapter 11, Problem 8EChapter 11, Problem 3SRCalculation: The null and alternative hypotheses are stated below: Let μ1 is the average men who...Calculation: In this context, let μ1 denotes the mean selling price of homes sold last year without...Chapter 12, Problem 1SRDenote μ1,μ2, and μ3 the means of tuition rates for northeast, southeast, and west, respectively....The null and alternative hypotheses are given below: Null Hypothesis H0:μ1=μ2=μ3 That is, the mean...Chapter 12, Problem 12EDegrees of freedom for Factor A and Factor B: The degrees of freedom for Factor A and Factor B can...It is given that the total sum of square is 1,099.61. SS total=1,099.61 The sum of squares due to...The null and alternative hypotheses are stated below: Null hypothesis: There is no difference in the...Hypothesis test for mean checking account balance: The null and alternative hypotheses are stated...Data on the number of times the advertisement was aired and digital camera sales are given....Step-by-step procedure to obtain the correlation coefficient using MegaStat software: In an EXCEL...It is given that ‘Estimated cost’ is the dependent variable. Step-by-step procedure to obtain the...Calculation: The values of x and y are given. Regression equation: Software procedure: Step-by-step...Step-by-step procedure to obtain the correlation coefficient using MegaStat software: In an EXCEL...Chapter 13, Problem 61CEChapter 13, Problem 62DAChapter 14, Problem 1SRChapter 14, Problem 8EChapter 14, Problem 18CEMultiple linear regression model: A multiple linear regression model is given as...Chapter 14, Problem 23CECalculation: Multiple linear regression model: A multiple linear regression model is given as...Multiple linear regression model: A multiple linear regression model is given as...Chapter 15, Problem 1SRCalculation: In this case, the test is to check whether more than 60% of the homes have an attached...Calculation: In this case, the test is to check whether less than 40% of the districts buses are...In this context, it is known that the sample size is 12 and significance level is 0.10. The test...In this context, the sample size n is 14. The test hypotheses are given below: Null hypothesis: H0:...The scatter plot for male and female rankings is given below: Step-by-step procedure to obtain...Spearman’s coefficient of rank correlation: rs=1−6∑d2n(n2−1) Here, d is the difference between ranks...Chapter 16, Problem 40CESpearman’s coefficient of rank correlation: rs=1−6∑d2n(n2−1) Here, d is the difference between ranks...In this context, it is assumed that the maintenance costs are not normally distributed. Therefore,...Calculation: The index using Country U as based period is obtained as follows:...Calculation: The simple price index using 2000 as the base period is obtained as follows: FruitPrice...Calculation: The simple price index using 2000 as the base period is obtained as follows: ItemPrice...Calculation: The simple price index using 2000 as the base period is obtained as follows: ItemPrice...Calculation: The three-year moving averages for sales are obtained below: YearNumber Produced3-year...Calculation: Linear Trend Equation: Step-by-step procedure to obtain the regression using the Excel:...Calculation: Four-Year moving average: Four-year moving average=sum of the four consequent...Calculation: Four-Year moving average: Four-year moving average=sum of the four concequent Sales4...Calculation: Twelve months- moving average: Twelve-year moving average=sum of the twelve concequent...Calculation: Four-Year moving average: Four-year moving average=sum of the four concequent...Chapter 19, Problem 1SRChapter 19, Problem 15EChapter 19, Problem 22CEChapter 19, Problem 31CEChapter 19, Problem 32CEFrom the Table 20-1, the bull market and bear stock for the Rim homes are 2,200 and 1,100,...From the given information, the probabilities for the state of nature are P(S1)=0.30, P(S2)=0.50 and...On observing the given information, it is clear that the lease about for a complete part set for...
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