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 2, Problem 2CP
The movie industry is a competitive business. More than 50 studios produce hundreds of new movies for theater release each year, and the financial success of each movie varies considerably. The opening weekend gross sales ($ millions), the total gross sales ($ millions), the number of theaters the movie was shown in, and the number of weeks the movie was in release are common variables used to measure the success of a movie released to theaters. Data collected for the top 100 theater movies released in 2016 are contained in the file Movies2016 (Box Office Mojo website). Table 2.20 shows the data for the first 10 movies in this file.
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Use the tabular and graphical methods of
- 1. Tabular and graphical summaries for each of the four variables along with a discussion of what each summary tells us about the movies that are released to theaters.
- 2. A
scatter diagram to explore the relationship between Total Gross Sales and Opening Weekend Gross Sales. Discuss.
- 3. A scatter diagram to explore the relationship between Total Gross Sales and Number of Theaters. Discuss.
- 4. A scatter diagram to explore the relationship between Total Gross Sales and Number of Weeks in Release. Discuss.
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Veterinarians suspect that enteroliths, calcifications in the gut of horses, are related to diet-in particular, alfalfa. To investigate
this suspicion, a group of veterinarians collected information on the diet of horses and whether the horses developed enteroliths.
The table displays the findings.
less than 25% alfalfa in diet
25%-50% alfalfa in diet
greater than 50% alfalfa in die
Total
3
Has enteroliths
0.05
Does not have enteroliths
0.40
Total
0.07
0.25
0.08
0.20
0.15
0.80
0.45
0.32
0.23
1
The probability that a randomly selected horse has enteroliths given that it is fed more than 50% alfalfa is:
○ 0.08.
0.23.
○ 0.2.
○ 0.348.
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Many young men in North America and Europe (but not in Asia) tend to think they need more muscle to be attractive. One
study presented 200 young American men with 100 images of men with various levels of muscle. Researchers measure level of
muscle in kilograms per square meter (kg/m²) of fat-free body mass. Typical young men have about 20 kg/m². Each subject
chose two images, one that represented his own level of body muscle and one that he thought represented "what women prefer."
The mean gap between self-image and "what women prefer" was 2.35 kg/m².
Suppose that the "muscle gap" in the population of all young men has a Normal distribution with standard deviation 2.5 kg/m²
Give a 90% confidence interval for the mean amount of muscle
think they should add to be attractive to women
(Enter your answers rounded to four decimal places.)
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Is the normal distribution important in statistics analysis? If yes, why? If no, why?
Is the normal distribution always being defined by its mean and standard deviation? Discuss.
Discuss with examples
c) Graphs illustrating the problems and solutions are recommended
Chapter 2 Solutions
Essentials Of Statistics For Business & Economics
Ch. 2.1 - The response to a question has three alternatives:...Ch. 2.1 - A partial relative frequency distribution is...Ch. 2.1 - A questionnaire provides 58 Yes, 42 No, and 20...Ch. 2.1 - Most Visited Websites. In a recent report, the top...Ch. 2.1 - Most Popular Last Names. In alphabetical order,...Ch. 2.1 - Top Rated Television Show Networks. Nielsen Media...Ch. 2.1 - Airline Customer Satisfaction Survey. Many...Ch. 2.1 - Data for a sample of 55 members of the Baseball...Ch. 2.1 - Degrees Awarded Annually. Nearly 1.9 million...Ch. 2.1 - Online Hotel Ratings. TripAdvisor is one of many...
Ch. 2.2 - Consider the following data. a. Develop a...Ch. 2.2 - Consider the following frequency distribution....Ch. 2.2 - Construct a histogram for the data in exercise 12....Ch. 2.2 - Consider the following data. a. Construct a dot...Ch. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - A doctor’s office staff studied the waiting times...Ch. 2.2 - NBA Total Player Ratings. CBSSports.com developed...Ch. 2.2 - Busiest North American Airports. Based on the...Ch. 2.2 - CEO Time in Meetings. The London School of...Ch. 2.2 - Largest University Endowments. University...Ch. 2.2 - Top U.S. Franchises. Entrepreneur magazine ranks...Ch. 2.2 - Engineering School Graduate Salaries. The file...Ch. 2.2 - Best Paying College Degrees. Each year America.EDU...Ch. 2.2 - Marathon Runner Ages. The Flying Pig is a marathon...Ch. 2.3 - The following data are for 30 observations...Ch. 2.3 - The following observations are for two...Ch. 2.3 - Daytona 500 Automobile Makes Average Speeds. The...Ch. 2.3 - Daytona 500 Average Speeds of Winners. The...Ch. 2.3 - Recently, management at Oak Tree Golf Course...Ch. 2.3 - Household Income Levels. The following...Ch. 2.3 - Values of World’s Most Valuable Brands. Each year...Ch. 2.3 - Revenue of World’s Most Valuable Brands. Refer to...Ch. 2.3 - Car Fuel Efficiencies. The U.S. Department of...Ch. 2.4 - The following 20 observations are for two...Ch. 2.4 - Consider the following data on two categorical...Ch. 2.4 - The following crosstabulation summarizes the data...Ch. 2.4 - Driving Speed and Fuel Efficiency. A study on...Ch. 2.4 - Low Temperatures and Snowfall. The file Snow...Ch. 2.4 - Hypertension and Heart Disease. People often wait...Ch. 2.4 - Smartphone Ownership. Consider the following...Ch. 2.4 - Store Managers Time Study. The Northwest regional...Ch. 2 - SAT Scores. The SAT is a standardized test used by...Ch. 2 - Median Household Incomes. The file MedianHousehold...Ch. 2 - State Populations. Data showing the population by...Ch. 2 - Startup Company Funds. According to the Wall...Ch. 2 - Complaints Reported to BBB. Consumer complaints...Ch. 2 - Stock Price Volatility. The term beta refers to a...Ch. 2 - Education Level and Household Income. The U.S....Ch. 2 - Western University has only one womens softball...Ch. 2 - Best Places to Work. Fortune magazine publishes an...Ch. 2 - Prob. 53SECh. 2 - Colleges’ Year Founded and Percent Graduated....Ch. 2 - Colleges’ Year Founded and Cost. Refer to the data...Ch. 2 - Colleges’ Cost and Percent Graduated. Refer to the...Ch. 2 - Electric Vehicle Sales. Electric plug-in vehicle...Ch. 2 - Zoo Member Types and Attendance. A zoo has...Ch. 2 - Pelican Stores, a division of National Clothing,...Ch. 2 - The movie industry is a competitive business. More...Ch. 2 - Cincinnati, Ohio, also known as the Queen City,...Ch. 2 - Jon Weideman, first shift foreman for Cut-Rate...
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