EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 2, Problem 26CE
a.
To determine
Identify whether the variable delivery performance is qualitative or quantitate.
Identify the scale that is used to measure delivery performance.
b.
To determine
Create a frequency table for delivery performance of the last month.
c.
To determine
Create a relative frequency table for delivery performance of the last month.
d.
To determine
Draw a bar chart to depict the given information.
e.
To determine
Draw a pie chart using the relative frequencies.
f.
To determine
Explain the results of the analysis by including the tables and graphs with written descriptions of what they show.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Large companies typically collect volumes of data before designing a product, not only to gain information as to whether the product should be released, but also to pinpoint which markets would be the best targets for the product. Several months ago, I was interviewed by such a company while shopping at a mall. I was asked about my exercise habits and whether or not I'd be interested in buying a video/DVD designed to teach stretching exercises. I fall into the male, 18 – 35-years-old category, and I guessed that, like me, many males in that category would not be interested in a stretching video. My friend Diane falls in the female, older-than-35 category, and I was thinking that she might like the stretching video. After being interviewed, I looked at the interviewer's results. Of the 93 people in my market category who had been interviewed, 17 said they would buy the product, and of the 113 people in Diane's market category, 34 said they would buy it. Assuming that these data came…
Large companies typically collect volumes of data before designing a product, not only to gain information as to whether the product should be released, but also to pinpoint which markets would be the best targets for the product. Several months ago, I was interviewed by such a company while shopping at a mall. I was asked about my exercise habits and whether or not I'd be interested in buying a video/DVD designed to teach stretching exercises. I fall into the male, 18 – 35-years-old category, and I guessed that, like me, many males in that category would not be interested in a stretching video. My friend Amanda falls in the female, older-than-35 category, and I was thinking that she might like the stretching video. After being interviewed, I looked at the interviewer's results. Of the 97 people in my market category who had been interviewed, 16 said they would buy the product, and of the 101 people in Amanda's market category, 31 said they would buy it. Assuming that these data came…
The Ashland MultiComm Services (AMS) marketing department wants to increase subscriptions for its 3-For-All telephone, cable, and Internet combined service. To ensure that as many trial subscriptions to the 3-For-All service as possible are converted to regular subscriptions, the marketing department works closely with the customer support department to accomplish a smooth initial process for the trial subscription customers. To assist in this effort, the marketing department needs to accurately forecast the monthly total of new regular subscriptions.
A team consisting of managers from the marketing and customer support departments was convened to develop a better method of forecasting new subscriptions. Previously, after examining new subscription data for the prior three months, a group of three managers would develop a subjective forecast of the number of new subscriptions.
Livia Salvador, who was recently hired by the company to provide expertise in quantitative forecasting…
Chapter 2 Solutions
EBK STATISTICAL TECHNIQUES IN BUSINESS
Ch. 2 - DeCenzo Specialty Food and Beverage Company has...Ch. 2 - A pie chart shows the relative market share of...Ch. 2 - In a marketing study, 100 consumers were asked to...Ch. 2 - A total of 1,000 residents in Minnesota were asked...Ch. 2 - Two thousand frequent business travelers are asked...Ch. 2 - Wellstone Inc. produces and markets replacement...Ch. 2 - A small business consultant is investigating the...Ch. 2 - In the first quarter of last year, the 11 members...Ch. 2 - Prob. 3SRCh. 2 - A set of data consists of 38 observations. How...
Ch. 2 - A set of data consists of 45 observations between...Ch. 2 - A set of data consists of 230 observations between...Ch. 2 - A set of data contains 53 observations. The...Ch. 2 - Wachesaw Manufacturing Inc. produced the following...Ch. 2 - The Quick Change Oil Company has a number of...Ch. 2 - The manager of the BiLo Supermarket in Mt....Ch. 2 - The food services division of Cedar River...Ch. 2 - The annual imports of a selected group of...Ch. 2 - Mollys Candle Shop has several retail stores in...Ch. 2 - The following chart shows the number of patients...Ch. 2 - The following frequency distribution reports the...Ch. 2 - Prob. 18ECh. 2 - A sample of the hourly wages of 15 employees at...Ch. 2 - The following cumulative frequency and the...Ch. 2 - The cumulative frequency and the cumulative...Ch. 2 - The frequency distribution representing the number...Ch. 2 - Prob. 22ECh. 2 - Describe the similarities and differences of...Ch. 2 - Describe the similarities and differences between...Ch. 2 - Alexandra Damonte will be building a new resort in...Ch. 2 - Prob. 26CECh. 2 - A data set consists of 83 observations. How many...Ch. 2 - A data set consists of 145 observations that range...Ch. 2 - The following is the number of minutes to commute...Ch. 2 - The following data give the weekly amounts spent...Ch. 2 - A social scientist is studying the use of iPods by...Ch. 2 - David Wise handles his own investment portfolio,...Ch. 2 - You are exploring the music in your iTunes...Ch. 2 - The monthly issues of the Journal of Finance are...Ch. 2 - The following histogram shows the scores on the...Ch. 2 - The following chart summarizes the selling price...Ch. 2 - A chain of sport shops catering to beginning...Ch. 2 - The numbers of outstanding shares for 24 publicly...Ch. 2 - A recent survey showed that the typical American...Ch. 2 - Midland National Bank selected a sample of 40...Ch. 2 - Residents of the state of South Carolina earned a...Ch. 2 - A recent study of home technologies reported the...Ch. 2 - Merrill Lynch recently completed a study regarding...Ch. 2 - A total of 5.9% of the prime-time viewing audience...Ch. 2 - Refer to the following chart: a. What is the name...Ch. 2 - The following chart depicts the annual revenues,...Ch. 2 - Prob. 47CECh. 2 - Prob. 48CECh. 2 - One of the most popular candies in the United...Ch. 2 - The number of families who used the Minneapolis...Ch. 2 - Refer to the North Valley Real Estate data that...Ch. 2 - Prob. 52DACh. 2 - Refer to the Lincolnville School District bus...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Large companies typically collect volumes of data before designing a product, not only to gain information as to whether the product should be released, but also to pinpoint which markets would be the best targets for the product. Several months ago, I was interviewed by such a company while shopping at a mall. I was asked about my exercise habits and whether or not I'd be interested in buying a video/DVD designed to teach stretching exercises. I fall into the male, 18-35-years-old category, and I guessed that, like me, many males in that category would not be interested in a stretching video. My friend Holly falls in the female, older-than-35 category, and I was thinking that she might like the stretching video. After being interviewed, I looked at the interviewer's results. Of the 89 people in my market category who had been interviewed, 20 said they would buy the product, and of the 103 people in Holly's market category, 28 said they would buy it. Assuming that these…arrow_forwardThe vintage Restaurant is located on Captiva Island, a resort community located near Fort Meyers, Florida. The restaurant, which is owned and operated by Karen Payne, has just completed its third year of operation. During this time, Karen sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. The efforts made by Karen and her staff have proved successful, and her restaurant has become one of the best and fastest-growing restaurants on the island. Karen has just concluded that to plan better for the growth of the restaurant in the future, it is necessary to develop a system that will enable her to forecast food and beverage sales by the month for up to 1 year in advance. Karen has the following data available on the total food and beverage sales that were realized during the previous 3 years of operation. Food and Beverage Sales for the Vintage Restaurant ($1000s) Month First Year Second Year Third YearJanuary 242…arrow_forwardIt describes a scenario in which a math teacher named Matt allows his students to use a 1-page reference sheet during exams, and compares the effectiveness of this method to a colleague's method of providing a pre-made reference sheet for students.arrow_forward
- Workers at a particular mining site receive an average of 35 days paid vacation, which is lower than the national average. The manager of this plant is under pressure from a local union to increase the amount of paid time off. However, he does not want to give more days off to the workers because that would be costly. Instead he decides he should fire 10 employees in such a way as to raise the average number of days off that are reported by his employees. In order to achieve this goal, should he fire employees who have the most number of days off, least number of days off, or those who have about the average number of days off? a. He should fire employees who have the most number of days off. b. No matter who he fires, it will not increase the amount of paid time off. c. He should fire employees who have the average number of days off. d. He should fire employees who have the least number of days off.arrow_forwardA mail-order catalog business that sells personal computer supplies, software, and hardware maintains a centralized warehouse for the distribution of products ordered. Management is currently examining the process of distribution from the warehouse and has the business objective of determining the factors that affect warehouse distribution costs. Currently, a handling fee is added to the order, regardless of the amount of the order. Data that indicate the warehouse distribution costs and the number of orders received have been collected over the past 24 months and can be seen below: Months Distribution Cost ($thousands) Number of Orders 1 52.95 4015 2 71.66 3806 3 85.58 5309 4 63.69 4262 5 72.81 4296 6 68.44 4097 7 52.46 3213 8 70.77 4809 9 82.03 5237 10 74.39 4732 11 70.84 4413 12 54.08 2921 13 62.98 3977 14 72.30 4428 15 58.99 3964 16 79.38 4582…arrow_forwardIf the data analyst hypothesizes that grocery sales are higher when payment is made using credit cards compared to cash payment, the null hypothesis would likely state that grocery sales are lower when payment is made using credit cards compared to cash payment. T/Farrow_forward
- During the Covid crisis, there were lockdowns and working-from-home, whichmade collecting data on unemployment more challenging. Researchers fromHeriot Watt University conducted a survey of 1,000 individuals in the labour forceto assess rise in unemployment in September 2020. The object was to find outwhether the unemployment rate had risen above a benchmark proportion of 5per cent of the labour force in Scotland. Of the surveyed persons, 60 reportedbeing unemployed in the week prior to the survey.(i) Conduct a two-tailed test of whether unemployment rate during this periodwas 5 per cent. Set out your null and alternative hypotheses, significancelevel, test statistic, assumptions and sampling distribution clearly. Conductthe test and comment on the economic significance of the findings. (ii) Now conduct a one-tailed test of whether unemployment rate during thisperiod exceeded 5 per cent. Set out your null and alternative hypotheses,significance level, test statistic, assumptions and…arrow_forwardTed Glickman, the administrator at D.C. General Hospital emergency room faces the problem of providing treatment for patients who arrive at different rates during the day. There are 4 doctors available to treat patients when needed. If not needed, they can be assigned other responsibilities (such as doing lab tests, reports, X-ray diagnoses) or else rescheduled to work at other hours. It is important to provide quick and responsive treatment, and Ted feels that, on the average, patients should not have to sit in the waiting area for more than 5 minutes before being seen by a doctor. Patients are treated on a first-come, first-served basis and see the first available doctor after waiting in the queue. The arrival pattern for a typical day is as follows: Time Arrival Rate 9 A.M.−3 P.M. 8 patients/hour 3 P.M.−8 P.M. 3 patients/hour 8 P.M.−midnight 13 patients/hour Arrivals follow a Poisson distribution, and treatment times, 12…arrow_forwardAutomobile manufacturer Gruman has identified a vehicle quality issue with the bumpers theyare using on their mid-size sedan. Customers with these vehicles are suffering substantialdamage and repair costs in low-speed impacts to the bumpers. The company has been solicitingproposals for a new collapsible bumper system to upgrade the performance of their sedans to beequal to the industry average of $400 or less in a collision impact of ≤15 miles per hour (mph).Gruman Engineers believe they have found a bumper system that will meet this requirement. Todemonstrate it, they crashed six sedans with this bumper into a barrier at 15 mph, submitted themfor repairs and recorded the cost of the repairs. The mean and standard deviation of the costs arefound to be $458 and $48, respectively. At the α = .05 significance level, does the test datacontradict the manufacturer’s claim that the repair cost does not exceed $400? a)What is known? What information AND data does the problem provide? Provide a…arrow_forward
- During the Covid crisis, there were lockdowns and working-from-home, which made collecting data on unemployment more challenging. Researchers from a US University conducted a survey of 1,000 individuals in the labour force to assess rise in unemployment in September 2020. The object was to find out whether the unemployment rate had risen above a benchmark proportion of 5 per cent of the labour force in Scotland. Of the surveyed persons, 60 reported being unemployed in the week prior to the survey. Conduct a two-tailed test of whether unemployment rate during this period was 5 per cent. Set out your null and alternative hypotheses, significance level, test statistic, assumptions and sampling distribution clearly. Conduct the test and comment on the economic significance of the findings.arrow_forwardThe Boeing Company faces a critical strategic choice in its competition with Airbus Industries for the long-haul flight segment: Should it design and build a super-747 model that can carry 550 passengers at speeds around 350 mph, or a plane that can fly at 95 percent of the speed of sound but carry only about 350 passengers? As a member of Boeing's Planning Group, your task is to build a model to investigate the trade-offs involved in this decision.arrow_forwardBurger Dome sells hamburgers, cheeseburgers, French fries, soft drinks, and milk shakes, as well as a limited number of specialty items and dessert selections. Although Burger Dome would like to serve each customer immediately, at times more customers arrive than can be handled by the Burger Dome food service staff. Thus, customers wait in line to place and receive their orders. Suppose that Burger Dome analyzed data on customer arrivals and concluded that the arrival rate is 45 customers per hour and 1 customer processed per minute. Compare a multiple-server waiting line system with a shared queue to a multiple-server waiting line system with a dedicated queue for each server. Suppose Burger Dome establishes two servers but arranges the restaurant layout so that an arriving customer must decide which server's queue to join. Assume that this system equally splits the customer arrivals so that each server sees half of the customers. How does this system compare with the two-server…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
What Are Research Ethics?; Author: HighSchoolScience101;https://www.youtube.com/watch?v=nX4c3V23DZI;License: Standard YouTube License, CC-BY
What is Ethics in Research - ethics in research (research ethics); Author: Chee-Onn Leong;https://www.youtube.com/watch?v=W8Vk0sXtMGU;License: Standard YouTube License, CC-BY