Essentials Of Statistics For Business & Economics
9th Edition
ISBN: 9780357045435
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Textbook Question
Chapter 10.1, Problem 4E
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 37 ships that carry fewer than 500 passengers resulted in an average rating of 85.36, and a sample of 44 ships that carry 500 or more passengers provided an average rating of 81.40. Assume that the population standard deviation is 4.55 for ships that carry fewer than 500 passengers and 3.97 for ships that carry 500 or more passengers.
- a. What is the point estimate of the difference between the population
mean rating for ships that carry fewer than 500 passengers and the population mean rating for ships that carry 500 or more passengers? - b. At 95% confidence, what is the margin of error?
- c. What is a 95% confidence
interval estimate of the difference between the population mean ratings for the two sizes of ships?
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c) Graphs illustrating the problems and solutions are recommended
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Chapter 10 Solutions
Essentials Of Statistics For Business & Economics
Ch. 10.1 - The following results come from two independent...Ch. 10.1 - 2. Consider the following hypothesis test.
The...Ch. 10.1 - Consider the following hypothesis test....Ch. 10.1 - 4. Condé Nast Traveler conducts an annual survey...Ch. 10.1 - The USA Today reports that the average expenditure...Ch. 10.1 - Hotel Price Comparison. Suppose that you are...Ch. 10.1 - Supermarket Customer Satisfaction. Consumer...Ch. 10.1 - Increases in Customer Satisfaction. Will improving...Ch. 10.2 - The following results are for independent random...Ch. 10.2 - Consider the following hypothesis test:...
Ch. 10.2 - Consider the following data for two independent...Ch. 10.2 - Miles Driven Per Day. The U.S. Department of...Ch. 10.2 - Annual Cost of College. The increasing annual cost...Ch. 10.2 - Salaries of Recent College Graduates. The Tippie...Ch. 10.2 - Hotel Prices. Hotel room pricing changes over time...Ch. 10.2 - Effect of Parents’ Education on Student SAT...Ch. 10.2 - Comparing Financial Consultant Ratings....Ch. 10.2 - Comparing Length of Flight Delays. The success of...Ch. 10.3 - Consider the following hypothesis test.
The...Ch. 10.3 - The following data are from matched samples taken...Ch. 10.3 - Television Commercials and Product Purchase...Ch. 10.3 - First-Quarter Stock Market Performance. The price...Ch. 10.3 - Credit Card Expenditures. Bank of America’s...Ch. 10.3 - Domestic Airfare. The Global Business Travel...Ch. 10.3 - SAT Scores. The College Board SAT college entrance...Ch. 10.3 - PGA Tour Scores. Scores in the first and fourth...Ch. 10.3 - Price Comparison of Smoothie Blenders. A personal...Ch. 10.4 - Consider the following results for independent...Ch. 10.4 - Consider the hypothesis test
The following...Ch. 10.4 - Corporate Hiring Outlook. A Businessweek/Harris...Ch. 10.4 - Impact of Pinterest on Purchase Decisions. Forbes...Ch. 10.4 - Mislabeled Fish. Researchers with Oceana, a group...Ch. 10.4 - Voter Turnout. Minnesota had the highest turnout...Ch. 10.4 - Oil Well Drilling. Oil wells are expensive to...Ch. 10.4 - Hotel Occupancy Rates. Tourism is extremely...Ch. 10.4 - Gender Differences in Raise or Promotion...Ch. 10.4 - Default Rates on Bank Loans. Carl Allen and Norm...Ch. 10 - Supermarket Checkout Lane Design. Safegate Foods,...Ch. 10 - SUV Lease Payments. Statista reports that the...Ch. 10 - Load Versus No-Load Mutal Funds. Mutual funds are...Ch. 10 - Kitchen Versus Bedroom Remodeling Costs. The...Ch. 10 - Effect of Siblings on SAT Scores. In Born...Ch. 10 - Change in Financial Security. Country Financial, a...Ch. 10 - Differences in Insurance Claims Based on Marital...Ch. 10 - Drug-Resistant Gonorrhea. Each year, more than 2...Ch. 10 - News Access Via Computer. The American Press...Ch. 10 - Par, Inc., is a major manufacturer of golf...
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