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business statistics
Business Statistics 2nd Edition Robert A Donnelly, Robert Donnelly Jr - Solutions
Consider the following set of dependent and independent variables. The variable x3 is qualitative with M = Male and F = Female. The quantitative data for this problem can be found in the Excel file Prob 1534.xlsx.y 10 11 15 15 20 24 27 32 x1 2 5 5 9 7 11 16 20 x2 16 10 13 10 2 8 7 4 x3 M M F F F M
Consider the following set of dependent and independent variables. The variable x3 is qualitative with H = High, M = Medium, and L = Low. The quantitative data for this problem can be found in the Excel file Prob 1535.xlsx.y 47 42 40 40 31 26 23 18 10 x1 74 63 78 52 44 47 35 17 15 x2 22 29 20 17 13
Consider the following set of dependent and independent variables. These data can also be found in the Excel file Prob 1541.xlsx.y 10 11 15 15 20 24 27 32 26 39 x1 2 5 5 9 7 11 16 20 39 21 x2 16 10 13 10 2 8 7 4 8 5 x3 7 15 9 12 18 17 23 20 27 30 Using PHStat, check for the presence of
Consider the following set of dependent and independent variables. These data can also be found in the Excel file Prob 1542.xlsx.y 47 42 40 40 31 26 23 18 10 14 6 x1 74 63 78 52 44 47 35 17 15 20 17 x2 22 29 20 17 13 17 8 15 10 10 7 x3 7 15 9 12 18 17 23 20 27 30 33 Using PHStat, check for the
Consider the following set of dependent and independent variables. These data can also be found in the Excel file Prob 1543.xlsx.y 64 43 51 49 40 42 23 37 30 27 20 x1 74 63 78 52 44 47 35 17 15 20 17 x2 22 29 20 17 13 17 8 15 10 10 7 x3 24 15 9 38 18 17 5 40 27 30 33a. Perform a general stepwise
Consider the following set of dependent and independent variables. These data can also be found in the Excel file Prob 1544.xlsx.y 64 43 51 49 40 42 23 37 30 27 20 x1 74 63 78 52 44 47 35 17 15 20 17 x2 22 29 20 17 13 17 8 15 10 10 7 x3 24 15 9 38 18 17 5 40 27 30 33 x4 17 30 25 29 38 30 33 39 44
Consider the following time series:Period 1 2 3 4 5 6 7 Demand 15 12 8 14 19 16 10a. Forecast the demand for Period 8 using a two-period simple moving average.b. Calculate the MAD for the forecast in part a.c. Forecast the demand for Period 8 using a three-period simple moving average.d. Calculate
Using the time series shown in Problem 16.1, answer the following questions:a. Forecast the demand for Period 8 using a three-period weighted moving average with weights 4, 3, and 1, applying 4 to the most recent data and 1 to the oldest data.b. Calculate the MAD for the forecast in part
Consider the following time series:Period 1 2 3 4 5 6 7 8 Demand 15 24 26 33 20 22 27 20a. Forecast the demand for Period 9 using exponential smoothing with a = 0.1.b. Calculate the MAD for the forecast in part a.c. Forecast the demand for Period 9 using exponential smoothing with a = 0.3.d.
Using the time series shown in Problem 16.3, answer the following questions:a. Forecast the demand for Period 9 using exponential smoothing with trend adjustment and setting a = 0.4 and b = 0.7.b. Calculate the MAD for the forecast in part a.Applications AppendixLO1
Bob is a photographer who sells his 13 * 19 prints on consignment at Island Art in Stone Harbor, New Jersey.Each week during the summer, Bob checks the inventory so that he can replenish the prints that have been sold. The following data show the number of prints sold each week during the last
The Consumer Price Index (CPI), which is published by the U.S. Bureau of Labor Statistics, is a measurement that reflects changes in consumer prices over time. The following data show the CPI over a 10-year period using 1982 as the base year with the CPI = 100. These data can also be found in the
The IRS is actively encouraging individuals to file their taxes electronically in order to increase accuracy and reduce expenses. The following data show the percentage of tax returns filed electronically from 2003 to 2012. These data can also be found in the Excel file electronic filing.xlsx.Year
The number of viewers for network television shows has a direct effect on the amount of advertising dollars that will be generated. The following data show the number of viewers, in millions, for the final performance of the following seasons of American Idol. These data can also be found in the
General Motors (GM) is one of the world’s largest car and truck manufacturer and employs over 200,000 employees worldwide. In 1970, GM had captured nearly 60% of the U.S. market share. However, due to increased global competition over the past 40 years, GM’s market share has eroded to less than
The Independence School is a private grade school that depends on enrollment forecasting to plan for the upcoming school year. The following data show the enrollments for the past several years. These data can also be found in the Excel file Independence School.xlsx.Year Enrollment Year Enrollment
The following data show the average prices for flat-panel televisions in the United States over a six-quarter period.Month Q1 ’11 Q2 ’11 Q3 ’11 Q4 ’11 Q1 ’12 Q2 ’12 Price ($) 1,108 1,124 1,142 1,130 1,190 1,224 Based on: DisplaySearch data.a. Forecast the average price of a flat-panel
The Park family would like to prepare next month’s family budget by forecasting its family expenses. One item of particular importance is the amount of money spent on food. The following data show the amount of money spent on food for the last 10 months. These data can also be found in the Excel
Consider the following time series:Period 1 2 3 4 5 6 7 8 Demand 7 8 7 10 14 16 13 16a. Using a trend projection, forecast the demand for Period 9.b. Verify your results using PHStat.c. Calculate the MAD for this forecast.AppendixLO1
Consider the following time series:Period 1 2 3 4 5 6 7 8 Demand 15 17 14 7 10 12 7 5a. Using a trend projection, forecast the demand for Period 9.b. Verify your results with PHStat.c. Calculate the MAD for this forecast.AppendixLO1
Consider the following time series:Period Sales Period Sales Period Sales 1 4 6 10 11 18 2 6 7 12 12 12 3 11 8 13 13 15 4 9 9 10 14 16 5 8 10 12 15 16a. Use PHStat with a = 0.05 to test this time series for positive autocorrelation.b. Verify your Durbin–Watson statistic using Excel.AppendixLO1
The size of the audience watching the Super Bowl plays a major role in the price the broadcasting network charges for advertising. The following data show the average number of viewers, in millions, who watched previous Super Bowls, according to Nielsen. These data can also be found in the Excel
Steve, who has been working hard to improve his golf game, has seen some improvement in his scores over the summer. He would like to use forecasting to set a goal for his next round. The following data show the scores from his last nine rounds of golf at the course he plays most often.Round 1 2 3 4
The following table shows the number of cell phone minutes used per month on my family plan for the past eight months. These data can also be found in the Excel file cell phone minutes.xlsx.Month 1 2 3 4 5 6 7 8 Minutes 325 355 326 433 390 414 447 440a. Construct a graph showing the number of
Julie owns 100 shares of Apple stock (lucky her) and is trying to decide how much her portfolio will be worth next month. The data in the Excel file Apple stock price.xlsx show the closing price of a share of Apple stock at the end of each month from October 2011 until May 2013.Based on:
Gold has long been a very popular investment choice during times of economic crisis. This has resulted in a significant increase in the price of gold per ounce in recent years. The Excel file gold prices.xlsx shows the average price of an ounce of gold from 1992 until 2012.Based on: data at
Recently, fixed mortgage rates have been at historical lows due to the housing slowdown. Data in the Excel file mortgage rates.xlsx show the average 30-year fixed mortgage rate for the month of December every year between 1989 and 2012, as reported by Freddie Mac.a. Construct a graph showing the
Consider the following time series:Demand Quarter Year 1 Year 2 Year 3 1 6 8 7 2 11 14 15 3 9 10 14 4 5 7 9a. Forecast the demand for each quarter in Year 4 using multiplicative decomposition.b. Interpret the meaning of the seasonal components.c. Calculate the MAD for this forecast.AppendixLO1
Consider the following time series:Demand Quarter Year 1 Year 2 Year 3 1 31 28 27 2 18 18 15 3 25 22 20 4 14 6 8a. Forecast the demand for each quarter in Year 4 using multiplicative decomposition.b. Interpret the meaning of the seasonal components.c. Calculate the MAD for this forecast.AppendixLO1
Using the time series shown in Problem 16.24, answer the following questions:a. Forecast the demand for each quarter in Year 4 using seasonal dummy variables and a best subsets regression.b. Interpret the meaning of the coefficients for the seasonal dummy variables.c. Calculate the MAD for this
Using the time series shown in Problem 16.25, answer the following questions:a. Forecast the demand for each quarter in Year 4 using seasonal dummy variables and a best subsets regression.b. Interpret the meaning of the coefficients for the seasonal dummy variables.c. Calculate the MAD for this
Suppose Bellevue University accepts new students into its program year-round on a tri-semester schedule (Fall, Spring, and Summer). Forecasting future enrollments helps the school ensure it has the proper resources to accommodate the student body. The following data show the number of students who
Answer the following questions using the data from the Excel file Bellevue.xlsx described in Problem 16.28.a. Forecast the student enrollment for each semester in Year 5 using multiplicative decomposition.b. Interpret the meaning of the seasonal components.c. Calculate the MAD for this
Back in the late 1990s, AOL was the dominant Internet provider. It charged an hourly rate for online access. However, AOL was slow to respond to changes in the Internet business model and lost a significant amount of market share. Today, advertising revenue is a major source of income for the
Answer the following questions using the data from the Excel file AOL.xlsx described in Problem 16.30:a. Forecast the advertising revenue for each quarter in 2013 using seasonal dummy variables and a best subsets regression.b. Interpret the meaning of the coefficients for the seasonal dummy
Diamond Shamrock Corporation produces liquid chlorine that it ships to its customers Monday through Friday by truckload and railcar. To improve its scheduling, the company’s plant manager would like to develop a forecasting model to predict the tons of chlorine shipped each day for the following
Answer the following questions using the data from the Excel file chlorine.xlsx described in Problem 16.32.a. Forecast the tons of chlorine shipped each day next week using multiplicative decomposition.b. Interpret the meaning of the seasonal components.c. Calculate the MAD for this
The food service at Goldey-Beacom College provides lunch and dinner for the students Monday through Friday. The food-service manager would like to forecast the sales for each day of the following week to ensure she has enough employees staffing the counter. The following data show the daily sales,
Answer the following questions using the data from the Excel file cafeteria.xlsx described in Problem 16.34.a. Forecast the food service’s sales for each day next week using seasonal dummy variables and a best subsets regression.b. Interpret the meaning of the coefficients for the seasonal dummy
Deloitte is a firm that conducts an annual survey that gauges consumer spending expectations during the year-end holiday season. The following data show the percentage of respondents who indicated that they would spend less this year on holiday gifts when compared to the previous year. These data
Answer the following questions using the data from the Excel file Deloitte.xlsx from Problem 16.36.a. Using exponential smoothing with a = 0.6, forecast the percentage of holiday shoppers who intend to spend less in 2013.b. Calculate the MAD for the forecast in part a.c. Using exponential smoothing
Answer the following questions using the data from the Excel file daily customers.xlsx described in Problem 16.38:a. Forecast the number of customers who will visit Dave’s store on Day 9 using a two-period weighted moving average with the weights 5 and 2.b. Calculate the MAD for the forecast in
Grade inflation, which is defined as an increase in the average GPA of an institution over time without a corresponding increase in academic performance, is a concern for many colleges. The presence of grade inflation could be an indication of lowered academic standards over time. Suppose the
Newark College (see Problem 16.40) would like to include seasonality in its GPA forecasting model. The average GPA of the study body for each year was broken down into the average GPA by semester (Fall, Spring, Summer) and can be found in the Excel file grade inflation by semester.xlsx.a. Using
Answer the following questions using the data from the Excel file grade inflation by semester.xlsx described in Problem 16.41:a. Forecast the average GPA for each semester during 2014 using a multiple regression with seasonal dummy variables.b. Interpret the meaning of the coefficients for the
Cash bonuses paid to financial investment employees were reduced during the 2007 economic recession and have shown signs of rebounding with the recent recovery. The following data show the average cash bonus, in thousands of dollars, for New York City investment employees over an eight-year period.
Answer the following questions using the data from the Excel file average bonus.xlsx from Problem 16.43.a. Using exponential smoothing with a = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2013.b. Calculate the MAD for the forecast in part a.c. Using
Spain’s economy has struggled with very high unemployment rates as a result of the Eurozone banking crisis. The following data show the annual unemployment rate over a nine-year period. These data can also be found in the Excel file Spain unemployment.xlsx.a. Using a three-period weighted moving
Answer the following questions using the data from the Excel file Spain unemployment.xlsx from Problem 16.45.a. Construct a graph showing the annual unemployment rate for Spain over time.b. Forecast the unemployment rate for Spain in 2013 using a trend projection.c. Calculate the MAD for the
Answer the following questions using the data from the Excel file Great Smoky Mountain.xlsx from Problem 16.47.a. Using a four-period simple moving average, forecast the number of visitors each year visiting the Great Smoky Mountain National Park in 2013.b. Calculate the MAD for the forecast in
Toys Unlimited is an online toy store with a product line that focuses on the preschool children market. Management would like to develop a model to forecast sales, in millions of dollars, for the next four quarters. The Excel file Toys Unlimited.xlsx provides sales for each quarter for the
The U.S. stock market experienced an economic recovery during 2011 and 2012 after a major recession. The data in the Excel file S&P 500.xlsx show the end-of-month values for the S&P 500 Index during these two years.a. Construct a graph showing the S&P Index over time.b. Forecast the S&P Index for
Answer the following questions using the data from the Excel file S&P 500.xlsx described in Problem 16.51:a. Forecast the S&P Index for the end of January 2013 using a trend projection.b. Check the forecasting model in part a for the presence of autocorrelation using a = 0.05.c. Comment on the
During the fiscal year 2012, the U.S. Postal Service experienced a record $15.9 billion in losses. In an effort to respond to this financial crisis, the postal service is considering closing many post office facilities that are operating at a loss. To help with this decision, suppose post office
There is recent speculation that the Super Bowl games, which determine the NFL champion, are becoming more competitive over time. The competitiveness of the game draws much attention from the gambling industry, which is affected by the winning margin, or point spread, of the outcome. To investigate
Calculate the p-value for the following conditions and determine whether to reject the null hypothesis:a. one-tail test, zx = 1.50, and a = 0.05b. one-tail test, zx = -2.25, and a = 0.02c. two-tail test, zx = 2.10, and a = 0.05d. two-tail test, zx = -1.37, and a = 0.10 AppendixLO1
Calculate the p-value for the following conditions and determine whether to reject the null hypothesis:a. one-tail test, zx = 1.46, and a = 0.10b. one-tail test, zx = -2.48, and a = 0.01c. two-tail test, zx = -1.92, and a = 0.01d. two-tail test, zx = 2.76, and a = 0.02 AppendixLO1
Consider the following hypotheses:H0: m … 50 H1: m 7 50 Given that x = 52, s = 12, n = 36, and a = 0.05, answer the following questions:a. What conclusion should be drawn?b. Determine the p-value for this test.AppendixLO1
Consider the following hypotheses:H0: m = 120 H1: m 120 Given that x = 111, s = 26, n = 40, and a = 0.05, answer the following questions:a. What conclusion should be drawn?b. Determine the p-value for this test.Applications AppendixLO1
Suppose the University of Memphis advertises that its average class size is 35 students or less. A student organization is concerned that budget cuts have led to increased class sizes and would like to test this claim. A random sample of 38 classes was selected, and the average class size was found
Suppose the coffee industry claimed that the average U.S.adult drinks 1.7 cups of coffee per day. To test this claim, a random sample of 34 adults was selected, and their average coffee consumption was found to be 1.95 cups per day. Assume the standard deviation of daily coffee consumption per day
Season’s Pizza recently hired additional drivers and as a result now claims that its average delivery time for orders is under 45 minutes. A sample of 30 customer deliveries was examined, and the average delivery time was found to be 42.3 minutes. Historically, the standard deviation for delivery
Bob’s Sporting Goods believes the average age of its customers is 40 or less. A random sample of 60 customers was surveyed, and the average customer age was found to be 42.7 years. Assume the standard deviation for customer age is 8.0 years. Using a = 0.02, answer the following questions:a. Does
According to the government-lending institution Sallie Mae, students graduating from college have an average credit card debt of $4,100. A random sample of 50 graduating seniors was selected, and their average credit card debt was found to be $4,360. Assume the standard deviation for student credit
Zingo’s Grocery store claims that customers spend an average of 5 minutes waiting for service at the store’s deli counter. A random sample of 45 customers was timed at the deli counter, and the average service time was found to be 5.5 minutes. Assume the standard deviation is 1.7 minutes per
Determine the critical t-scores for each of the following conditions:a. one-tail test, a = 0.05, and n = 21b. two-tail test, a = 0.02, and n = 10c. two-tail test, a = 0.05, and n = 28d. two-tail test, a = 0.01, and n = 40 AppendixLO1
Consider the following hypotheses:H0: m Ú 65 H1: m 6 65 Given that x = 58.8, s = 10.4, n = 25, and a = 0.05, answer the following questions:a. What conclusion should be drawn?b. Use PHStat to determine the p-value for this test.AppendixLO1
Consider the following hypotheses:H0: m = 140 H1: m 140 Given that x = 148.1, s = 37.5, n = 20, and a = 0.02, answer the following questions:a. What conclusion should be drawn?b. Use PHStat to determine the p-value for this test.AppendixLO1
Consider the following hypotheses and sample data, and then answer the following questions using a = 0.05.H0: m … 16 H1: m 7 16 19 19 12 18 22 21 14 21 17 15a. What conclusion should be drawn?b. Use PHStat to determine the p-value for this test.AppendixLO1
Consider the following hypotheses and sample data, and then answer the following questions using a = 0.05.H0: m = 10 H1: m 10 8 9 9 8 6 7 10 10 12 7 5 9 10 9 10a. What conclusion should be drawn?b. Use PHStat to determine the p-value for this test.Applications.AppendixLO1
During the winter of 2012–2013, the average utility bill for Delaware residents was $186 per month. A random sample of 40 customers was selected during the winter of 2013–2014, and the average bill was found to be $178.10 with a sample standard deviation of $22.40.a. Using a = 0.05, does this
Suppose the average size of a new house built in a certain county in 2010 was 2,272 square feet. A random sample of 25 new homes built in this county was selected in 2014.The average square footage was 2,190, with a sample standard deviation of 225 square feet.a. Using a = 0.02, does this sample
According to BIGresearch, holiday shoppers spent an average of $373 over the Thanksgiving weekend in 2008.The following data show the amount spent by a random sample of holiday shoppers during the same weekend in 2014:$427 $274 $370 $238 $222 $215$360 $434 $387 $395 $323 $63$415 $429 $377 $279a.
According to the market research firm NPD Group, Americans ate an average of 211 meals in restaurants in 2001. The following data show the number of meals eaten in restaurants as determined from a random sample of Americans in 2014:212 128 197 344 143 79 180 313 57 200 161 320 90 224 266 284 231
In 2008, the online travel agency Travelocity reported that summer travelers booked their airline reservations an average of 73.3 days in advance. A random sample of 40 summer travelers in 2014 was selected, and the number of days travelers booked their airline reservations in advance was recorded.
Calculate the p-value for the following conditions and determine whether to reject the null hypothesis:a. one-tail (lower) test, zp = -1.36, and a = 0.05b. one-tail (upper) test, zp = 1.28, and a = 0.10c. two-tail test, zp = 2.29, and a = 0.05d. two-tail test, zp = -0.90, and a = 0.01 AppendixLO1
Calculate the p-value for the following conditions and determine whether to reject the null hypothesis:a. one-tail (upper) test, zp = 2.15, and a = 0.10b. one-tail (lower) test, zp = -0.66, and a = 0.05c. two-tail test, zp = -1.69, and a = 0.05d. two-tail test, zp = 1.44, and a = 0.02 AppendixLO1
Consider the following hypotheses:H0: p … 0.24 H1: p 7 0.24 Given that p = 0.277, n = 130, and a = 0.05, answer the following questions:a. What conclusion should be drawn?b. Determine the p-value for this test.AppendixLO1
Consider the following hypotheses:H0: p = 0.69 H1: p 0.69 Given that p = 0.606, n = 160, and a = 0.05, answer the following questions:a. What conclusion should be drawn?b. Determine the p-value for this test.Applications.AppendixLO1
Consumers with credit scores below 600 have a very difficult time getting approved for car or mortgage loans. In 2012, 24% of Americans had a credit score below 600.Due to the recent financial crisis, the federal government is concerned that this proportion has increased. To test this hypothesis, a
A 2010 survey by CarMD.com found that 64% of vehicle owners avoided automotive maintenance and repairs. Suppose Sears Automotive would like to perform a hypothesis test to challenge this finding. From a random sample of 170 vehicle owners that was recently taken, it was found that 103 avoid
Consider the following hypotheses:H0: m … 30 H1: m 7 30 Given that s = 6, n = 42, and a = 0.05, calculate b for each of the following conditions:a. m = 31b. m = 32 AppendixLO1
Consider the following hypotheses:H0: m Ú 75 H1: m 6 75 Given that s = 15, n = 36, and a = 0.01, calculate b for each of the following conditions:a. m = 73b. m = 66 AppendixLO1
Consider the following hypotheses:H0: p Ú 0.72 H1: p 6 0.72 Given that n = 100 and a = 0.05, calculate b for each of the following conditions.a. p = 0.66b. p = 0.62 AppendixLO1
Consider the following hypotheses:H0: p … 0.15 H1: p 7 0.15 Given that n = 150 and a = 0.10, calculate b for each of the following conditions.a. p = 0.16b. p = 0.22 AppendixLO1
Consider the following hypotheses:H0: m = 120 H1: m 120 Given that s = 27, n = 60, and a = 0.05, calculate b for each of the following conditions:a. m = 131b. m = 115 Hint: For a two-tail hypothesis test, b is the area between the critical means under the actual distribution, as shown in the
The crisis in the real estate market caused the listing prices of homes in areas such as Orlando, Florida, to fall from previous years. A real estate office would like to sample 50 new listings randomly to test the hypothesis that the current listing price average is less than $243,000, the average
According to the Bureau of Labor, the average American aged 15 years or older gets 8 hours and 23 minutes(503 minutes) of sleep per night. To test if this average has changed recently, a random sample of 55 Americans aged 15 years and older was selected, and the number of minutes they slept
Contact rate is defined as the percentage of plate appearances by Major League Baseball players that the ball is put in play (as opposed to striking out). Historically, the Major League average has been 80%. Suppose we want to test that this rate has not changed recently by randomly selecting 250
According to Hotels.com, the average room rate for a New York City hotel was $204 in 2011. Suppose the Chamber of Commerce of New York City would like to test if this rate has changed recently by randomly sampling 40 room rates.The mean of this sample was found to be $212.30. Assume the population
According to comScore, Apple’s smartphone operating system controlled 39% of the U.S. smartphone market in February 2013. Suppose Apple believes that this market share will increase due to recent advertising campaign. To test this hypothesis, a random sample of 275 smartphone users was selected,
In April 2013, President Obama’s approval rating was 52%.Suppose the White House staff was concerned that the rating had fallen due to the administration’s handling of the government’s debt crisis during the summer of 2013. Let’s say that out of a random sample of 300 adults, 144 approved
According to the Journal of the American Medical Association, resident doctors worked an average of 59.3 hours per week at hospitals from 2006 to 2008. The Accreditation Council for Graduate Medical Education, which certifies residency programs in hospitals, has developed a plan to reduce the long
A Wall Street Journal article reported that 15 of the 30 NBA teams have employees whose sole responsibility is to analyze data. The information compiled by these “statheads”is then used to help make decisions during games, for the draft, and to evaluate potential trades. At the time of the
According to Fidelity Investments, the average 401(k) account balance was $77,300 in 2013. To test if this average has recently changed, suppose a sample of 30 401(k) plans was recently selected, and it was found that the average 401(k) balance was $85,200. Assume the population standard deviation
Suppose the Department of Transportation would like to test the hypothesis that the average gasoline consumption per car in the United States is 6 liters per day. (We’re going metric here.) The following data represent the number of liters used per day for 25 randomly selected cars. These data
A growing number of younger employees have been participating in their company’s retirement plans in recent years.According to Vanguard Group, 44% of employees under the age of 25 were making contributions to their 401(k)plans in 2011 (compared to just 27% in 2003). A random sample of 340
According to Pew Research Center surveys, 12% of American adults did not own a cell phone in 2012. Suppose Verizon Wireless would like to test if this percentage has recently changed. A recent random sample of 280 American adults was selected, and it was found that 29 of them did not own a cell
According to a Staples/Decision Analyst survey conducted in 2013, full-time small-business owners in the United States worked an average of 50.4 hours per week. A recent random sample of 60 full-time small-business owners was selected, and it was found that they worked an average of 48.6 hours last
Security experts are raising concerns about hackers targeting smartphones, as owners store more personal and financial information on the devices. In 2012, it was estimated that 7% of smartphone users were victims of malicious attacks on their mobile devices. A random sample of 190 smartphone
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