Statistics for Business & Economics, Revised (MindTap Course List)

12th Edition

ISBN: 9781285846323

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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Concept explainers

Addition Rule of Probability

It simply refers to the likelihood of an event taking place whenever the occurrence of an event is uncertain. The probability of a single event can be calculated by dividing the number of successful trials of that event by the total number of trials.

Expected Value

When a large number of trials are performed for any random variable ‘X’, the predicted result is most likely the mean of all the outcomes for the random variable and it is known as expected value also known as expectation. The expected value, also known …

Probability Distributions

Understanding probability is necessary to know the probability distributions. In statistics, probability is how the uncertainty of an event is measured. This event can be anything. The most common examples include tossing a coin, rolling a die, or choosi…

Basic Probability

The simple definition of probability it is a chance of the occurrence of an event. It is defined in numerical form and the probability value is between 0 to 1. The probability value 0 indicates that there is no chance of that event occurring and the prob…

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Textbook Question

Chapter 18.4, Problem 31E

The better-selling candies are often high in calories. Assume that the following data show the calorie content from samples of M&M’s, Kit Kat, and Milky Way II. Test for significant differences among the calorie content of these three candies. At a .05 level of significance, what is your conclusion?

M&M’s	Kit Kat	Milky Way II
230	225	200
210	205	208
240	245	202
250	235	190
230	220	180

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Chapter 18 Solutions

Statistics for Business & Economics, Revised (MindTap Course List)

Ch. 18.1 - The following hypothesis test is to be conducted....Ch. 18.1 - Ten individuals participated in a taste test...Ch. 18.1 - The median number of part-time employees at...Ch. 18.1 - Net assets for the 50 largest stock mutual funds...Ch. 18.1 - The median annual income of subscribers to...Ch. 18.1 - The median annual income for families living in...Ch. 18.1 - Prob. 7E Ch. 18.1 - A Pew Research Center survey asked adults if their...Ch. 18.1 - A poll taken during the recession in 2008 asked...Ch. 18.1 - Prob. 10E

Ch. 18.1 - Competition in the personal computer market is...Ch. 18.2 - Two fuel additives are tested to determine their...Ch. 18.2 - A sample of 10 men was used in a study to test the...Ch. 18.2 - Percents of on-time arrivals for flights in the...Ch. 18.2 - A test was conducted for two overnight mail...Ch. 18.2 - The PGA Players Championship was held at the...Ch. 18.2 - The Scholastic Aptitude Test (SAT) consists of...Ch. 18.3 - Two fuel additives are being tested to determine...Ch. 18.3 - Samples of starting annual salaries for...Ch. 18.3 - The gap between the earnings of men and women with...Ch. 18.3 - Prob. 21E Ch. 18.3 - Each year Bloomberg Businessweek publishes...Ch. 18.3 - Police records show the following numbers of daily...Ch. 18.3 - A certain brand of microwave oven was priced at 10...Ch. 18.3 - Prob. 25E Ch. 18.4 - A sample of 15 consumers provided the following...Ch. 18.4 - Three admission test preparation programs are...Ch. 18.4 - Forty-minute workouts of one of the following...Ch. 18.4 - Cond Nast Traveler magazine conducts an annual...Ch. 18.4 - A large corporation sends many of its first-level...Ch. 18.4 - The better-selling candies are often high in...Ch. 18.5 - Consider the following set of rankings for a...Ch. 18.5 - Prob. 33E Ch. 18.5 - Prob. 34E Ch. 18.5 - A national study by Harris Interactive, Inc.,...Ch. 18.5 - Prob. 36E Ch. 18.5 - A student organization surveyed both current...Ch. 18 - A survey asked the following question: Do you...Ch. 18 - Due to a recent decline in the housing market, the...Ch. 18 - Twelve homemakers were asked to estimate the...Ch. 18 - Prob. 41SE Ch. 18 - The following data are product weights for the...Ch. 18 - A client wants to determine whether there is a...Ch. 18 - Prob. 44SE Ch. 18 - Prob. 45SE Ch. 18 - Prob. 46SE Ch. 18 - Prob. 47SE

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Urban Travel Times Population of cities and driving times are related, as shown in the accompanying table, which shows the 1960 population N, in thousands, for several cities, together with the average time T, in minutes, sent by residents driving to work. City Population N Driving time T Los Angeles 6489 16.8 Pittsburgh 1804 12.6 Washington 1808 14.3 Hutchinson 38 6.1 Nashville 347 10.8 Tallahassee 48 7.3 An analysis of these data, along with data from 17 other cities in the United States and Canada, led to a power model of average driving time as a function of population. a Construct a power model of driving time in minutes as a function of population measured in thousands b Is average driving time in Pittsburgh more or less than would be expected from its population? c If you wish to move to a smaller city to reduce your average driving time to work by 25, how much smaller should the city be?

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Solution Summary: The author analyzes whether there is a significance difference among the calorie content of the three candies.

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Chapter 18 Solutions