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:
The Rouse Home, located on the south side of Chicago, is a mental health facility. Recently there...Problem 1E:
Tom Sharkey is the owner of Sharkey Chevy, Buick, GMC. At the start of the year, Tom instituted a...Problem 2E:
Out of 110 diesel engines tested, a rework and repair facility found 9 had leaky water pumps, 15 had...Problem 2SR:
The manager of River City McDonalds randomly selects four customers during three hours of the day: 9...Problem 4E:
Describe the difference between an attribute control chart and a variable control chart.Problem 5E:
Samples of size n = 4 are selected from a production line. a. What is the value of the A2 factor...Problem 6E:
Samples of size 5 are selected from a manufacturing process. The mean of the sample ranges is .50....Problem 7E:
A new industrial oven has just been installed at Piatt Bakery. To develop experience regarding the...Problem 8E:
Refer to Exercise 7. a. On the basis of this initial experience, determine the control limits for...Problem 3SR:
Auto-Lite Company manufactures car batteries. At the end of each shift, the quality assurance...Problem 9E:
Below is a p-chart for a manufacturing process. a. What is the mean proportion defective? What are...Problem 10E:
Inter-State Moving and Storage Company is setting up a control chart to monitor the proportion of...Problem 11E:
A bicycle manufacturer randomly selects 10 frames each day and tests for defects. The numbers of...Problem 12E:
During the process of producing toilet paper, Scott Paper randomly selects a toilet paper roll 5...Problem 13E:
Sams Supermarkets monitors the checkout scanners by randomly examining the receipts for scanning...Problem 14E:
Dave Christi runs a car wash chain with outlets scattered throughout Chicago. He is concerned that...Problem 4SR:
Compute the probability of accepting a lot of DVDs that is actually 30% defective, using the...Problem 15E:
Determine the probability of accepting lots that are 10%, 20%, 30%, and 40% defective using a sample...Problem 16E:
Determine the probability of accepting lots that are 10%, 20%, 30%, and 40% defective using a sample...Problem 17E:
Warren Electric manufactures fuses for many customers. To ensure the quality of the outgoing...Problem 18E:
Grills Video Products purchases LCDs from Mira Electronics. According to his sampling plan, Art...Problem 19CE:
The production supervisor at Westburg Electric Inc. noted an increase in the number of electric...Problem 20CE:
The manufacturer of running shoes conducted a study on its newly developed jogging shoe. Listed...Problem 21CE:
At Rumseys Old Fashion Roast Beef, cola drinks are filled by an automatic machine whose operation is...Problem 22CE:
A new machine has just been installed to produce printed circuit boards. One of the critical...Problem 23CE:
Long Last Tire Company, as part of its inspection process, tests its tires for tread wear under...Problem 24CE:
Charter National Bank has a staff of loan officers located in its branch offices throughout the...Problem 26CE:
Early Morning Delivery Service guarantees delivery of small packages by 10:30 a.m. Of course, some...Problem 27CE:
An automatic machine produces 5.0-millimeter bolts at a high rate of speed. A quality control...Problem 28CE:
Steele Breakfast Foods Inc. produces a popular brand of raisin bran cereal. The package indicates it...Problem 29CE:
An investor believes there is a 5050 chance that a stock will increase on a particular day. To...Problem 30CE:
Lahey Motors specializes in selling cars to buyers with a poor credit history. Listed below is the...Problem 31CE:
A process engineer is considering two sampling plans. In the first, a sample of 10 will be selected...Problem 32CE:
Christina Sanders is a member of the womens basketball team at Windy City College. Last season, she...Problem 33CE:
Erics Cookie House sells chocolate chip cookies in shopping malls. Of concern is the number of...Problem 34CE:
The numbers of near misses recorded for the last 20 months at Lima International Airport are 3, 2,...Problem 36CE:
Swiss Watches, Ltd. purchases watch stems for their watches in lots of 10,000. Their sampling plan...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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