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Statistics
Top Selling Statistics Questions
Suppose that a researcher conducts an independent samples experiment comparing three treatments. Participants serve in the experiment either online or by visiting the researchers lab. Scores for this...
Refer to Exercise 2.20. Another pair of students achieved the following marks. Student P: 94, 91, 88, 77, 75, 74, 66, 65, 54, 52 Student Q: 93, 91, 88, 75, 75, 73, 67, 66, 55, 51 a. Calculate the...
At WLU (a famous Canadian university), suppose that instructors mark exams out of 100 and then must convert that mark to a letter grade using the following conversions. A: 80100 B: 7079.9 C: 6069.9...
Calls to the service center at AutoMax occur at a rate of 27 per hour and follow a Poisson distribution. A single operator answers the calls and can handle an average 25 calls per hour with service...
What are the steps in the problem-solving process?
Earlier in the chapter, we introduced the chi-square test of independence with a study examining the relationship between personality and color preference. The following table shows the frequency...
We continue our study of term life insurance demand from Chapters 3 and 4. Specifically, we examine the 2004 Survey of Consumer Finances (SCF), a nationally representative sample that contains...
Gamification refers to the application of game design and development to social, industrial, and educational settings. For example, a gamification program might award points or achievements to people...
The Wall Street Journal CEO Compensation Study analyzed CEO pay for many U.S. companies with fiscal year 2008 revenue of at least $5 billion that filed their proxy statements between October 2008 and...
The Biometrix Corporation has been in operation for one full year (2019). Financial statements follow. Biometrixs management is interested in determining the value of the venture as of the end of...
Use a Web search to determine an expected long-term growth rate for the U.S. economy. What are the current and longer-term expectations of inflation?
A recent survey from PayScale found that 46% of U.S. workers roughly 22 millionare underemployed, either working part-time or at jobs that dont allow them to use their education or skills. Suppose...
The file P02_41.xlsx contains monthly returns on American Express stock for several years. As the formulas in the file indicate, each return is the percentage change in the adjusted closing price...
FIGURE 5.46The United States is the biggest consumer of natural gas, and the second largest natural gas producer in the world. According to the U.S. Energy Information Administration (EIA), the...
Artero Corporation is a traditional toy products retailer that recently started an Internet-based subsidiary that sells toys online. A markup is added on goods the company purchases from...
Following are financial statements (historical and forecasted) for the Global Products Corporation. A. Assume that the cash account includes only required cash. Determine the dollar amount of equity...
Select 10 stocks at random from the Dow Jones Industrials, the NASDAQ, and the S&P 500. For each, note the gain or loss in the last quarter. Use analysis of variance to test the claim that stocks...
The Minoso Corporation anticipates a 20 percent increase in sales for 2020 over its 2019 level. Minoso is currently operating at full capacity and thus expects to increase its investment in both...
Assume that the monthly sales for Toyota passenger cars follow a normal distribution with mean 5000 cars and standard deviation 1400 cars. a. There is a 1% chance that Toyota will sell more than what...
What are (broadly speaking) the five stages of the research process?
Suppose that 53% of all registered voters prefer presidential candidate Smith to presidential candidate Jones. (You can substitute the names of the most recent presidential candidates.) a. In a...
The United States is the biggest consumer of natural gas, and the second largest natural gas producer in the world. According to the U.S. Energy Information Administration (EIA), the United States...
Euro Exchange Rates. The exchange rate that we consider is the amount of euros that one can purchase for one U.S. dollar. We have \(T=699\) daily observations from the period April 1, 2005, through...
Following are two years of income statements and balance sheets for the Munich Exports Corporation. A. Munich has a target dividend payout of 40 percent of net income. Based on the 2019 financial...
The file P02_02.xlsx contains data on 256 movies that grossed at least $1 million in 2017. a. Recode Distributor so that all distributors with fewer than 10 movies are listed as Other. Similarly,...
Consider the monthly log returns of GM stock in m-gmsp5008.txt. Build an adequate TGARCH model for the series. Write down the fitted model and test for the significance of the leverage effect. Obtain...
Consider the daily \(\log\) returns of the GE stock of Exercise 7.1. Obtain estimates \(\hat{\theta}_{b}^{(1)}\) and \(\hat{\theta}_{r}^{(3)}\) of the extremal index of (a) the positive return series...
Determine several resources available from the Small Business Administration (SBA) for entrepreneurs that might be useful in starting, financing, and managing an entrepreneurial venture. The SBA Web...
The following frequency distribution contains the educational levels attained by the 39 office personnel of a small company: Given the level at which educational level was measured (nominal, ordinal,...
Give the correct notation for the quantity described and give its value. Correlation between points and penalty minutes for all 26 regular players (at least 20 games played) on the 20182019 Ottawa...
Refer to the data in the file that accompanies this book named COGS.xlsx representing monthly cost of goods sold data for a retail store. Use regression analysis to fit an additive seasonal model...
The null hypothesis and the alternate hypothesis are: H0 : The frequencies are equal. H1 : The frequencies are not equal. Category........................ fo A.................................... 10...
State whether each of the following variables is categorical or numerical. If categorical, give the level of measurement. If numerical, is it discrete or continuous? a. Size of a vanilla chai (small...
a. What is the probability that the students loan will be approved by the bank within the next three months? b. If there is a 0.75 probability to get the loan, what is the probability that the bank...
The board of a national central bank is meeting to decide if it should reduce interest rates in order to prevent deflation. State the null and alternative hypotheses regarding deflation that the...
The Salza Technology Corporation successfully increased its top line sales from $375,000 in 2018 to $450,000 in 2019. Net income also increased as did the ventures total assets. You have been asked...
To learn more about the cost of food in Toronto, a survey was conducted and each respondent reported the annual cost of food to be consumed at home (in Canadian dollars). According to the U.S. Bureau...
The median price of homes in Austin, Texas is $310,400 (Austin Board of Realtors website). A sample of 200 homes sold in the south Austin suburb of Westlake Hills found 111 homes with sales prices...
A random sample of n = 461 smartphone users in the US in January 2015 found that 355 of them have downloaded an app. (a) Give notation for the parameter of interest, and define the parameter in this...
The study cited in the article entitled Only the Timid Die Young stated that Timid rats were 60% more likely to die at any given time than were their outgoing brothers. Based on the results, answer...
Suppose that if a presidential election were held today, 53% of all voters would vote for candidate Smith over candidate Jones. (You can substitute the names of the most recent presidential...
On a particular day, when asked, How many minutes did you exercise today? the following were the responses of 30 randomly selected people: Using one of the software packages (R, Minitab, SPSS, or...
A company manufactures three products: A, B, and C. The company currently has an order for 3 units of product A, 7 units of product B, and 4 units of product C. There is no inventory for any of these...
a. Beginning with the score function for the logit case in equation (11.5), show that the information matrix can be expressed as \[\mathbf{I}(\boldsymbol{\beta})=\sum_{i=1}^{n} \sigma_{i}^{2}...
The 2000 U.S. presidential election was one of the most controversial in history with the final outcome ultimately being decided in a court of law rather than in the voting booth. At issue were the...
Colleges and universities are often interested in identifying their peer institutions. The file named Colleges.xlsm that accompanies this book contains a number of (artificial) metrics for 307 higher...
Road Racer Sports, Inc. is a mail-order business dedicated to the running enthusiast. The company sends out full-color catalogs several times a year to several hundred thousand people on its mailing...
A debate recently erupted about the optimal strategy for playing a game on the TV show called Lets Make a Deal. In one of the games on this show, the contestant would be given the choice of prizes...
For the following set of scores: a. Construct a frequency distribution table to organize the scores. Include cumulative frequency and cumulative percent. b. What is the percentile rank of the upper...
Exercise is known to produce positive psychological effects. Interestingly, not all exercise is equally effective. It turns out that exercising in a natural environment (e.g., jogging in the woods)...
Frequency distributions can aid the researcher in drawing charts and graphs.
How many different ways can 6 different video game cartridges be arranged on a shelf?
A knitted hat pattern comes in 4 styles with 4 stitch options and 3 sizes, and there are 7 yarns appropriate for the hat. Disregarding size, how many different hats can be made?
In a classic study in the area of problem solving, Katona (1940) compared the effectiveness of two methods of instruction. One group of participants was shown the exact, step-by-step procedure for...
A random sample of state gasoline taxes (in cents) is shown here for 12 states. Use the data to estimate the true population mean gasoline tax with 90%confidence. Does your interval contain the...
The file P12_06.xlsx contains the weekly sales at an electronics store for each of the past 36 weeks. Perform a runs test and find a few autocorrelations to determine whether this time series is...
Before Power Pivot, you could create calculated fields for pivot tables. This problem explores calculated fields versus Power Pivots measures for ratios. The P04_21.xlsx file contains a list of...
The PDC Company was described earlier in this chapter. Refer to the PDC Companys projected monthly operating schedules in Table 6.2. PDCs sales are projected to be $80,000 in September 2020. A....
The Castillo Products Company was started in 2017. The company manufactures components for personal digital assistant (PDA) products and for other hand-held electronic products. A difficult operating...
The file P02_02.xlsx contains information on 256 movies that grossed at least $1 million in 2017. Rank Movie Release Date Distributor Recoded Distributor Genre Recoded Genre MPAA 2017 Gross Tickets...
Salza Technology Corporation increased its sales from $375,000 in 2018 to $450,000 in 2019 as shown in the firms income statements presented below. LeAnn Sands, chief executive officer and founder of...
The Castillo Products Company described in Problem 6 had a very difficult operating year in 2018, resulting in a net loss of $65,000 on sales of $900,000. In 2019, sales jumped to $1,500,000, and a...
Cindy and Robert (Rob) Castillo founded the Castillo Products Company in 2018. The company manufactures components for personal decision assistant products and for other handheld electronic products....
The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The following table shows the winners since 2000, their...
Refer to the data set that reports information on the 30 Major League Baseball teams for the 2019 season. a. For the variable salary, compute the mean, median, range, standard deviation, and...
Mark Lines is an online portal (www.marklines.com) that reports automotive industry data. The table below shows the number of cars sold in the United States in 2018 and 2019. The top 22...
Insulin, a peptide hormone built from 51 amino acid residues, is one of the smallest proteins known (note that proteins are made up of chains of amino acids) with a molecular weight of 5808 Da....
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. Assume the 2019 data represent a sample. a. Develop a 95% confidence interval for...
Margin of error = 18.2 cm, standard deviation = 95.2 cm
A mutual fund has provided investment yield rates for five consecutive years as follows: Determine \(r_{1}\) and \(r_{2}\), the lag 1 and lag 2 autocorrelation coefficients. Determine \(r_{1}\) and...
Refer to the Baseball 2019 data. Compute the mean number of home runs per game. To do this, first find the mean number of home runs per team for 2019. Next, divide this value by 162 (a season...
The Internet is rapidly becoming an essential source of information about health, nutrition, finances, and current events. Neunschwander, Abbott, and Mobley (2012) were interested in inequality of...
Consider a random walk \(\left\{y_{t} ight\}\) as the partial sum of a white noise process \(\left\{c_{t} ight\}\). a. Show that the \(l\)-step forecast error is...
What is the probability that the next household asked does not have a car? A polling organization is asking a sample of U.K. households how many cars they have. The frequency distribution at the left...
In a survey of 23,503 U.S. adults, 59% said that if they were single, they would look up someone on the Internet before going on a date with them. In Exercises 14, identify the population and the...
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. Refer to the team salary variable. Prepare a report on the team salaries. Be sure...
Emoticons, like and , are helpful for expressing emotion in communications that otherwise have limited emotional content (e.g., emails, text messages, and social media posts). Derks, Bos, and von...
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. Consider the following variables: number of wins, payroll, season attendance,...
When the points in a scatter plot show a curvilinear trend rather than a linear trend, statisticians have methods of fitting curves rather than straight lines to the data, thus obtaining a better fit...
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. At the .05 significance level, can we conclude that there is a difference in the...
New information for Gamma Systems Manufacturing Corporation has been brought to managements attention. Use the financial statement information in Problem 5 and take into consideration that sales will...
Shown here are the abstract and two tables from a research study entitled Adult Children of Alcoholics: Are They at Greater Risk for Negative Health Behaviors? by Arlene E. Hall. Based on the...
The Datametrix Corporation has been in operation for one full year (2019). Financial statements are shown below. Sales are expected to grow at a 30 percent annual rate for each of the next three...
Benito Gonzalez founded and grew the BioSystems Manufacturing Corporation over a several-year period. However, Benito has decided to harvest or exit BioSystems now at the end of 2019 with the...
Following are the financial statements for the Chenhai Manufacturing Corporation for 2018 and 2019. The venture is in financial distress and hopes to turn around its financial performance in the near...
Play Things is developing a new Miley Cyrus doll. The company has made the following assumptions: The doll will sell for a random number of years from 1 to 10. Each of these 10 possibilities is...
In Exercise, use Table II to obtain the required z-scores. Illustrate your work with graphs. 6.71 Obtain the z-score for which the area under the standard normal curve to its left is 0.025. Obtain...
On a scale designed to measure attitude toward immigration, two college classes scored as follows: Compare the variability of attitudes toward immigration among the members of the two classes by...
In Exercise, use Table II to obtain the required z-scores. Illustrate your work with graphs. 6.71 Obtain the z-score for which the area under the standard normal curve to its left is 0.025. Find the...
In Exercise, use Table II to obtain the required z-scores. Illustrate your work with graphs. 6.71 Obtain the z-score for which the area under the standard normal curve to its left is 0.025. Determine...
A sociologist undertakes a series of studies to investigate various aspects of sports violence. For each of the following research situations, identify the research strategy (experiment, survey,...
In Exercise, use Table II to obtain the required z-scores. Illustrate your work with graphs. 6.71 Obtain the z-score for which the area under the standard normal curve to its left is 0.025. Determine...
How does gender and occupational prestige impact credibility? Graduate students in a public health program are asked to rate the strength of a paper concerning the health risks of childhood obesity....
In Exercise, use Table II to obtain the required z-scores. Illustrate your work with graphs. 6.71 Obtain the z-score for which the area under the standard normal curve to its left is 0.025. Determine...
In recent years, a number of cases of high school teachers having sexual relationships with their students have made the national news. Interested in how gender combinations influence perceptions of...
In Exercise, use Table II to obtain the required z-scores. Illustrate your work with graphs. 6.71 Obtain the z-score for which the area under the standard normal curve to its left is 0.025. Obtain...
In Exercise, use Table II to obtain the required z-scores. Illustrate your work with graphs. 6.71 Obtain the z-score for which the area under the standard normal curve to its left is 0.025. Obtain...
A Canadian longitudinal study examines whether giving antibiotics in infancy increases the likelihood that the child will be overweight later in life. The children were classified as having received...
The following data represent the lengths (to the nearest whole millimeter) of 80 shoots from seeds of a certain type planted at the same time. Using one of the software packages (R, Minitab, SPSS, or...
Background: In this activity, you will work with a partner to develop a sampling plan. Suppose that you would like to select a sample of 50 students at your school to learn something about how many...
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