Basic Business Statistics (13th Edition)
13th Edition
ISBN: 9780321870025
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
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Chapter 1, Problem 44PS
Three professors examined awareness of four widely disseminated retirement rules among employees at the University of Utah. These rules provide simple answers to questions about retirement p1anning (R. N. Mayer, C. D. Zick, and M. Glaittle, “Public Awareness of Retirement Planning Rules of Thumb." Journal of Personal Finance, 2011 10(1), 12-35). At the time of the investigation, there were approximately 10,000 benefited employees, and 3,095 participated in the study. Demographic data collected on these 3,095 employees included gender, age (years), education level (years completed), marital status, household income
a. Describe the population of interest.
b. Describe the sample that was collected.
c. Indicate whether each of the demographic variables mentioned is categorical or numerical.
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In a 1993 article in Accounting and Business Research, Meier, Alam, and Pearson studied auditor lobbying on several proposed U.S. accounting standards that affect banks and savings and loan associations. As part of this study, the authors investigated auditors’ positions regarding proposed changes in accounting standards that would increase client firms’ reported earnings. It was hypothesized that auditors would favor such proposed changes because their clients’ managers would receive higher compensation (salary, bonuses, and so on) when client earnings were reported to be higher. Table (below) summarizes auditor and client positions (in favor or opposed) regarding proposed changes in accounting standards that would increase client firms’ reported earnings. Here the auditor and client positions are cross-classified versus the size of the client firm.
(a) Auditor Positions
LargeFirms
SmallFirms
Total
In Favor
18
125
143
Opposed
20
14
34
Total
38
139
177
(b) Client…
In a 1993 article in Accounting and Business Research, Meier, Alam, and Pearson studied auditor lobbying on several proposed U.S. accounting standards that affect banks and savings and loan associations. As part of this study, the authors investigated auditors’ positions regarding proposed changes in accounting standards that would increase client firms’ reported earnings. It was hypothesized that auditors would favor such proposed changes because their clients' managers would receive higher compensation (salary, bonuses, and so on) when client earnings were reported to be higher. Table (below) summarizes auditor positions regarding proposed changes in accounting standards that would decrease client firms’ reported earnings.
LargeFirms
SmallFirms
Total
In Favor
27
152
179
Opposed
29
154
183
Total
56
306
362
Click here for the Excel Data File
Determine whether the…
Chapter 1 Solutions
Basic Business Statistics (13th Edition)
Ch. 1 - Four different beverages are sold at a fast-food...Ch. 1 - U. S. businesses are listed by size small medium,...Ch. 1 - The time it takes to download a video from the...Ch. 1 - For each of the following variables, determine...Ch. 1 - The following information is collected from...Ch. 1 - For each of the following variables, determine...Ch. 1 - For each of the following variables, determine...Ch. 1 - Suppose the following information is collected...Ch. 1 - One of the variables most often included in...Ch. 1 - If two students score a 90 on the same...
Ch. 1 - The director of market research at a large...Ch. 1 - Visit the website of the Pew Research organization...Ch. 1 - Transportation engineers and planners want to...Ch. 1 - Visit the home page of the Statistics Portal...Ch. 1 - For a population containing N=902 individual, what...Ch. 1 - For a population of N=902, verify that by starting...Ch. 1 - Given a population of N=93, starting in row 29,...Ch. 1 - For a study that consists of personal interviews...Ch. 1 - You want to select a random sample of n=1 from a...Ch. 1 - A population has four members (called A, B, C, and...Ch. 1 - The registrar of a university with a population of...Ch. 1 - Prenumbered sales invoices are kept in a sales...Ch. 1 - Prob. 25PSCh. 1 - A Survey indicates that the vast majority of...Ch. 1 - A simple random sample of n=300 full–time...Ch. 1 - The results of a 2013 Adobe system study on retail...Ch. 1 - Prob. 29PSCh. 1 - Prob. 30PSCh. 1 - What is the difference between a sample and a...Ch. 1 - What is the difference between a statistic and...Ch. 1 - What is the difference between a categorical...Ch. 1 - What is the difference between a discrete...Ch. 1 - What is the difference between a nominal scaled...Ch. 1 - What is difference between an interval scaled...Ch. 1 - What is the difference between probability...Ch. 1 - Visit the official website for either Excel...Ch. 1 - Prob. 39PSCh. 1 - The Gallup organization releases the results of...Ch. 1 - Prob. 41PSCh. 1 - Prob. 43PSCh. 1 - Three professors examined awareness of four widely...Ch. 1 - A manufacturer of cat food is planning to survey...
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