Basic Business Statistics, Student Value Edition (13th Edition)
Basic Business Statistics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780321946393
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
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Chapter 19, Problem 54PS
To determine

Completely analyse the data.

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You are recently promoted as the chief traffic management officer of a major city in the country. Based on recent data, you learned that one of the leading causes of road accidents is over speeding.              In your desire to minimize road accidents, you went out to observe how traffic management rules are implemented on the streets. Your attention was caught by a fast - moving car that seemed to be breaking the speed limit of 100 kilometers per hour(km/hr.), and so you followed it along the highway. After a short time, the driver of the car noticed you and started to slow down. Eventually, he stopped on the side of the road.            Supposed the speed of the car had been noted during this time and is modeled by the quadratic equation y = 3x² + 17x - 20, where y represents the speed of the car in km/hr. and x represents the number of minutes after you started following the car. How long did it take for the car to be under surveillance before it could finally stop on the side of…
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Ten years ago, the town of Easton decided to increase its annual spending on education so that its high school graduates would be able to earn higher wages. Now Easton has asked you to evaluate the effectiveness of the spending increase. Their data show that before the spending increase, the average annual salary of recent high school graduates was $25,000 and that now that average salary has risen to $28,500. Fortunately for your analysis, a neighboring community (Allentown) did not change its annual spending on education. Ten years ago, recent Allentown high school graduates earned an average of $22,500, and now that average is $23,750.   (b) What underlying assumption do you have to make in order for your estimate to be valid? What might cause your underlying assumption to be invalid?
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