EBK MODERN BUSINESS STATISTICS WITH MIC
EBK MODERN BUSINESS STATISTICS WITH MIC
5th Edition
ISBN: 9780100475038
Author: williams
Publisher: YUZU
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Estimation
A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.
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Chapter 3.3, Problem 42E

Many families in California are using backyard structures for home offices, art studios, and hobby areas as well as for additional storage. Suppose that the mean price for a customized wooden, shingled backyard structure is $3100. Assume that the standard deviation is $1200.

  1. a. What is the z-score for a backyard structure costing $2300?
  2. b. What is the z-score for a backyard structure costing $4900?
  3. c. interpret the z-scores in parts (a) and (b). Comment on whether either should be considered an outlier.
  4. d. if the cost for a backyard shed-office combination built in Albany, California, is $13,000, should this structure be considered an outlier? explain.
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Chapter 3 Solutions

EBK MODERN BUSINESS STATISTICS WITH MIC

Ch. 3.1 - 1. Consider a sample with data values of 10, 20,...Ch. 3.1 - 2. Consider a sample with data values of 10, 20,...Ch. 3.1 - 3. Consider the following data and corresponding...Ch. 3.1 - Prob. 4ECh. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - 7. The average number of minutes Americans commute...Ch. 3.1 - Prob. 8ECh. 3.1 - Prob. 9ECh. 3.1 - Advertising Spending. Which companies spend the...
Ch. 3.1 - Prob. 11ECh. 3.1 - The Big Bang Theory, a situation comedy...Ch. 3.1 - Automobile Fuel Efficiencies. In automobile...Ch. 3.1 - The data contained in the DATAfile named...Ch. 3.1 - 15. Martinez Auto Supplies has retail stores...Ch. 3.1 - 16. The grade point average for college students...Ch. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Annual revenue for Corning Supplies grew by 5.5%...Ch. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.2 - 23. Consider a sample with data values of 10, 20,...Ch. 3.2 - Prob. 24ECh. 3.2 - Consider a sample with data values of 27, 25, 20,...Ch. 3.2 - Prob. 26ECh. 3.2 - Round-Trip Flight Prices. The following table...Ch. 3.2 - The Australian Open is the first of the four...Ch. 3.2 - Air Quality Index. The Los Angeles Times regularly...Ch. 3.2 - Prob. 30ECh. 3.2 - The results of Accounting Principals’ latest...Ch. 3.2 - Prob. 32ECh. 3.2 - Scores turned in by an amateur golfer at the...Ch. 3.2 - Consistency of Running Times. The following times...Ch. 3.3 - 35. Consider a sample with data values of 10, 20,...Ch. 3.3 - 36. Consider a sample with a mean of 500 and a...Ch. 3.3 - 37. Consider a sample with a mean of 30 and a...Ch. 3.3 - 38. Suppose the data have a bell-shaped...Ch. 3.3 - 39. The results of a national survey showed that...Ch. 3.3 - 40. The energy information Administration reported...Ch. 3.3 - The national average for the math portion of the...Ch. 3.3 - 42. Many families in California are using backyard...Ch. 3.3 - Prob. 43ECh. 3.3 - NCAA Basketball Game Scores. A sample of 10 NCAA...Ch. 3.3 - Prob. 45ECh. 3.4 - Consider a sample with data values of 27, 25, 20,...Ch. 3.4 - Prob. 47ECh. 3.4 - Prob. 48ECh. 3.4 - Prob. 49ECh. 3.4 - Naples Half-Marathon Times. Naples, Florida, hosts...Ch. 3.4 - Pharmaceutical Company Sales. Annual sales, in...Ch. 3.4 - Cell Phone Companies Customer Satisfaction....Ch. 3.4 - Prob. 53ECh. 3.4 - Prob. 54ECh. 3.5 - Five observations taken for two variables...Ch. 3.5 - Prob. 56ECh. 3.5 - Prob. 57ECh. 3.5 - Driving Speed and Fuel Efficiency. A department of...Ch. 3.5 - Prob. 59ECh. 3.5 - Prob. 60ECh. 3.5 - Prob. 61ECh. 3 - Americans Dining Out. Americans tend to dine out...Ch. 3 - Prob. 63SECh. 3 - Physician Office Waiting Times. The average...Ch. 3 - Prob. 65SECh. 3 - Prob. 66SECh. 3 - Work Commuting Methods. Public transportation and...Ch. 3 - Prob. 68SECh. 3 - Prob. 69SECh. 3 - Prob. 70SECh. 3 - Prob. 71SECh. 3 - MLB Team Winning Percentages. Does a major league...Ch. 3 - 73. The days to maturity for a sample of five...Ch. 3 - Prob. 74SECh. 3 - Annual Returns for Panama Railroad Company Stock....Ch. 3 - Pelican Stores, a division of National Clothing,...Ch. 3 - The motion picture industry is a competitive...Ch. 3 - The pursuit of a higher education degree in...Ch. 3 - Although millions of elephants once roamed across...
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