Statistics for Management and Economics (Book Only)
11th Edition
ISBN: 9781337296946
Author: Gerald Keller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 14.A, Problem 33E
To determine
Compute the t estimate of
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Medical tests were conducted to learn about drug-resistant tuberculosis. Of 142 cases tested in New Jersey, 9 were found to be drug-resistant. Of 268 cases tested in Texas, 5 were found to be drug-resistant. Do these data suggest a statistically significant difference between the proportions of drug-resistant cases in the two states? Use a .02 level of significance. What is the -value, and what is your conclusion?
Test statistic =
Textbook authors must be careful that the reading level of their book is appropriate for the target audience. Some methods of assessing reading level require estimating the average word length. We've randomly chosen 20 words from a randomly selected page in Intro Stats and counted the number of letters in each word:
5, 5, 2, 11, 3, 5, 6, 8, 5, 4, 7, 2, 9, 4, 8, 10, 4, 7, 6, 9
Suppose that our editor was hoping that the book would have a mean word length of 6.8 letters. Does this sample indicate that the authors failed to meet this goal? With a significance level of 0.05, test an appropriate hypothesis and state your conclusion. (i.e state the appropriate null and alternative hypotheses, calculate the test statistic, conclude and interpret it).
Average prices (in dollars) were recorded for three types of beverage across all 8 major Australian states and territories.
In how many states/territories is the average price of a cappuccino higher than the average price of a flat white?
Chapter 14 Solutions
Statistics for Management and Economics (Book Only)
Ch. 14.1 - Prob. 1ECh. 14.1 - Prob. 2ECh. 14.1 - Prob. 3ECh. 14.1 - Prob. 4ECh. 14.1 - Prob. 5ECh. 14.1 - Prob. 6ECh. 14.1 - Prob. 7ECh. 14.1 - Prob. 8ECh. 14.1 - Prob. 9ECh. 14.1 - Prob. 10E
Ch. 14.1 - Prob. 11ECh. 14.1 - Prob. 12ECh. 14.1 - Prob. 13ECh. 14.1 - Prob. 14ECh. 14.1 - Prob. 15ECh. 14.1 - Prob. 16ECh. 14.1 - Prob. 17ECh. 14.1 - Prob. 18ECh. 14.1 - Prob. 19ECh. 14.1 - Prob. 20ECh. 14.1 - Prob. 21ECh. 14.1 - Prob. 22ECh. 14.1 - Prob. 23ECh. 14.1 - Prob. 24ECh. 14.1 - Prob. 25ECh. 14.1 - Prob. 26ECh. 14.1 - Prob. 27ECh. 14.1 - Prob. 28ECh. 14.1 - Prob. 29ECh. 14.1 - Prob. 30ECh. 14.1 - Prob. 31ECh. 14.1 - Prob. 32ECh. 14.1 - Prob. 33ECh. 14.1 - Prob. 34ECh. 14.1 - Prob. 35ECh. 14.1 - Prob. 36ECh. 14.1 - Prob. 37ECh. 14.1 - Prob. 38ECh. 14.1 - Prob. 39ECh. 14.1 - Prob. 40ECh. 14.1 - Prob. 41ECh. 14.1 - Prob. 42ECh. 14.1 - Prob. 43ECh. 14.1 - Prob. 44ECh. 14.1 - Prob. 45ECh. 14.1 - Prob. 46ECh. 14.1 - Prob. 47ECh. 14.1 - Prob. 48ECh. 14.1 - Prob. 49ECh. 14.1 - Prob. 50ECh. 14.1 - Prob. 51ECh. 14.1 - Prob. 52ECh. 14.1 - Prob. 53ECh. 14.1 - Prob. 54ECh. 14.1 - Prob. 55ECh. 14.1 - Prob. 56ECh. 14.2 - Prob. 57ECh. 14.2 - Prob. 58ECh. 14.2 - Prob. 59ECh. 14.2 - Prob. 60ECh. 14.2 - Prob. 61ECh. 14.2 - Prob. 62ECh. 14.2 - Prob. 63ECh. 14.2 - Prob. 64ECh. 14.2 - Prob. 65ECh. 14.2 - Prob. 66ECh. 14.2 - Prob. 67ECh. 14.2 - Prob. 68ECh. 14.2 - Prob. 69ECh. 14.2 - Prob. 70ECh. 14.2 - Prob. 71ECh. 14.2 - Prob. 72ECh. 14.2 - Prob. 73ECh. 14.2 - Prob. 74ECh. 14.2 - Prob. 75ECh. 14.2 - Prob. 76ECh. 14.2 - Prob. 77ECh. 14.2 - Prob. 78ECh. 14.2 - Prob. 79ECh. 14.2 - Prob. 80ECh. 14.2 - Prob. 81ECh. 14.2 - Prob. 82ECh. 14.4 - Prob. 83ECh. 14.4 - Prob. 84ECh. 14.4 - Prob. 85ECh. 14.4 - Prob. 86ECh. 14.4 - Prob. 87ECh. 14.4 - Prob. 88ECh. 14.4 - Prob. 89ECh. 14.4 - Prob. 90ECh. 14.4 - Prob. 91ECh. 14.4 - Prob. 92ECh. 14.4 - Prob. 93ECh. 14.4 - Prob. 94ECh. 14.4 - Prob. 95ECh. 14.4 - Prob. 96ECh. 14.4 - Prob. 97ECh. 14.4 - Prob. 98ECh. 14.4 - Prob. 99ECh. 14.5 - Prob. 100ECh. 14.5 - Prob. 101ECh. 14.5 - Prob. 102ECh. 14.5 - Prob. 103ECh. 14.5 - Prob. 104ECh. 14.5 - Prob. 105ECh. 14.5 - Prob. 106ECh. 14.5 - Prob. 107ECh. 14.5 - Prob. 108ECh. 14.5 - Prob. 109ECh. 14.6 - Prob. 110ECh. 14.6 - Prob. 111ECh. 14.6 - Prob. 112ECh. 14.A - Prob. 1ECh. 14.A - Prob. 2ECh. 14.A - Prob. 3ECh. 14.A - Prob. 4ECh. 14.A - Prob. 5ECh. 14.A - Prob. 6ECh. 14.A - Prob. 7ECh. 14.A - Prob. 8ECh. 14.A - Prob. 9ECh. 14.A - Prob. 10ECh. 14.A - Prob. 11ECh. 14.A - Prob. 12ECh. 14.A - Prob. 13ECh. 14.A - Prob. 14ECh. 14.A - Prob. 15ECh. 14.A - Prob. 16ECh. 14.A - Prob. 17ECh. 14.A - Prob. 18ECh. 14.A - Prob. 19ECh. 14.A - Prob. 20ECh. 14.A - Prob. 21ECh. 14.A - Prob. 22ECh. 14.A - Prob. 23ECh. 14.A - Prob. 24ECh. 14.A - Prob. 25ECh. 14.A - Prob. 26ECh. 14.A - Prob. 27ECh. 14.A - Prob. 28ECh. 14.A - Prob. 29ECh. 14.A - Prob. 30ECh. 14.A - Prob. 31ECh. 14.A - Prob. 32ECh. 14.A - Prob. 33ECh. 14.A - Prob. 34ECh. 14.A - Prob. 35ECh. 14.A - Prob. 36ECh. 14.A - Prob. 37ECh. 14.A - Prob. 38ECh. 14.A - Prob. 39ECh. 14.A - Prob. 40ECh. 14.A - Prob. 41ECh. 14.A - Prob. 42ECh. 14 - Prob. 113CECh. 14 - Prob. 114CECh. 14 - Prob. 115CECh. 14 - Prob. 116CECh. 14 - Prob. 117CECh. 14 - Prob. 118CECh. 14 - Prob. 119CECh. 14 - Prob. 120CECh. 14 - Prob. 121CECh. 14 - Prob. 122CECh. 14 - Prob. 123CECh. 14 - Prob. 124CECh. 14 - Prob. 125CECh. 14 - Prob. 126CECh. 14 - Prob. 127CECh. 14 - Prob. 128CECh. 14 - Prob. 129CECh. 14 - Prob. 130CECh. 14 - Prob. 131CECh. 14 - Prob. 132CECh. 14 - Prob. 133CECh. 14 - Prob. 134CECh. 14 - Prob. 135CECh. 14 - Prob. 136CECh. 14 - Prob. 137CECh. 14 - Prob. 138CECh. 14 - Prob. 139CECh. 14 - Prob. 140CECh. 14 - Prob. 141CECh. 14 - Prob. 142CECh. 14 - Prob. 143CECh. 14 - Prob. 144CECh. 14 - Prob. 145CECh. 14 - Prob. 146CE
Knowledge Booster
Similar questions
- The coefficient of determination does not tell the reader if the relationship is positive or negative. 1.True 2.Falsearrow_forwardBirth weight and smoking during pregnancy,Birthweight,Smoker3771,03140,03317,04210,03076,03771,03487,03487,01559,03630,03572,03260,03430,04224,02955,03912,03196,03459,03459,03430,02750,03686,03260,03969,03430,03629,02863,02830,03105,02948,03175,04309,03232,03487,02807,03820,03941,02211,03204,03657,13487,12495,14253,13147,13600,13005,12552,13147,14593,13430,11985,13317,13487,13884,13289,13470,12665,13090,12835,11843,14451,12863,1900,12353,13317,12850,13560,13080,12325,13119,13175,13313,13374,12750,12835,13345,12637,13742,13119,13345,13175,12013,13232,13286,13360,13402,12948,12580,13260,13686,12750,12977,12580,14082,12807,12381,13175,13714,13544,13544,1arrow_forward18. Car and Taxi Ages When the author visited Dublin, Ireland (home of Guinness Breweryemployee William Gosset, who first developed the t distribution), he recorded the ages of randomlyselected passenger cars and randomly selected taxis. The ages can be found from thelicense plates. (There is no end to the fun of traveling with the author.) The ages (in years) arelisted below. We might expect that taxis would be newer, so test the claim that the mean age ofcars is greater than the mean age of taxis.arrow_forward
- In your own words, discuss the relationship between a t-test and a confidence interval.arrow_forwardIn June 2015, Gallup conducted a poll of a random sample of 14802 adults to determine the well-being of people living in the United States. One question asked, "Did you exercise at least 30 minutes for 3 or more days in the past week?" In the survey, 57.3% of males and 42.7% of females responded yes to this question. Which of the following is true about this scenario?A. 57:3% and 42.7% are both statistiesB. 57.3% and 42.7% are both parameter.C. If we took another random sample of 14802 adults, we would expect to get the exact same results.arrow_forward10.61 The per-store daily customer count (i.e., the mean number of customers in a store in one day) for a nationwide convenience store chain that operates nearly 10,000 stores has been steady, at 900, for some time. To increase the customer count, the chain is considering cutting prices for coffee beverages. The question to be determined is how much to cut prices to increase the daily customer count without reducing the gross margin on coffee sales too much. You decide to carry out an experiment in a sample of 24 stores where customer counts have been running almost exactly at the national average of 900. In 6 of the stores, the price of a small coffee will now be $0.59, in 6 stores the price of a small coffee will now be $0.69, in 6 stores, the price of a small coffee will now be $0.79, and in 6 stores, the price of a small coffee will now be $0.89. After four weeks of selling the coffee at the new price, the daily customer count in the stores was recorded and stored in . At the 0.05…arrow_forward
- A salesman for a new manufacturer of cellular phones claims not only that they cost the retailer less but also that the percentage of defective cellular phones found among his products, ( p1 ), will be no higher than the percentage of defectives found in a competitor's line, ( p2 ). To test this statement, the retailer took a random sample of 185 of the salesman's cellular phones and 150 of the competitor's cellular phones. The retailer found that 22 of the salesman's cellular phones and 11 of the competitor's cellular phones were defective. Does the retailer have enough evidence to reject the salesman's claim? Use a significance level of α=0.05 for the test. Step 1 of 6 : State the null and alternative hypotheses for the test.arrow_forwardIf chocolate bars have a price elasticity of 1.8, then we can infer the chocolate bar: a. has many substitutes and sellers should raise price to increase revenue from sales. b. is a luxury good and sellers should raise price to increase revenue. c. has a narrowly defined market and sellers should lower price to increase revenue. d. few substitutes and sellers should raise price to increase revenue from sales.arrow_forwardA salesman for a new manufacturer of cellular phones claims not only that they cost the retailer less but also that the percentage of defective cellular phones found among his products, ( p1 ), will be no higher than the percentage of defectives found in a competitor's line, ( p2 ). To test this statement, the retailer took a random sample of 130 of the salesman's cellular phones and 110 of the competitor's cellular phones. The retailer found that 10 of the salesman's cellular phones and 5 of the competitor's cellular phones were defective. Does the retailer have enough evidence to reject the salesman's claim? Use a significance level of α=0.05 for the test. Step 5 of 6 : Determine the decision rule for rejecting the null hypothesis H0 . Round the numerical portion of your answer to three decimal places.arrow_forward
- A publisher reports that 50%50% of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually different from the reported percentage. A random sample of 240240 found that 45%45% of the readers owned a particular make of car. Determine the P-value of the test statistic. Round your answer to four decimal places.arrow_forwardYou are helping a friend that owns a local store. Their costs are per unit, so the only way they can maximize profits are by increasing revenue. Therefore, you would like to help identify the price that will maximize revenues. Below is data from a previous period. Complete the chart. (For the TR Test, consider that prices are increasingarrow_forwardThe manager of a men’s clothing catalog measured the market’s response to a $6 decrease in the usual price of his company’s oxford shirts by conducting a sales experiment. An A-B split was used to divide the company’s 120,000-customer mailing list into two groups. Customers in the control group were sent catalogs listing oxford shirts at their usual price of $40. Customers in the test group were sent catalogs listing the price of oxford shirts at $32.80. During the period of the test, customers in the control group purchased 700 oxford shirts, and customers in the test group purchased 889 oxford shirts. What is the independent variable in this sales experiment? What is the dependent variable in this sales experiment? What is the percent change in price in this experiment? What is price elasticity indicated by the results of this experiment.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSON
Engineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage Learning
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education