Modern Business Statistics with Microsoft Excel (MindTap Course List)
Modern Business Statistics with Microsoft Excel (MindTap Course List)
5th Edition
ISBN: 9781285433301
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning
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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 4.4, Problem 38E

The Institute for Higher Education Policy, a Washington, D.C.-based research firm, studied the payback of student loans for 1.8 million college students who had student loans that began to become due six years ago (The Wall Street Journal, November 27, 2012). The study found that 50% of the student loans were being paid back in a satisfactory fashion, whereas 50% of the student loans were delinquent. The following joint probability table shows the probabilities of the student loan status and whether or not the student had received a college degree.

Chapter 4.4, Problem 38E, 38. The Institute for Higher Education Policy, a Washington, D.C.-based research firm, studied the

  1. a. What is the probability that a student with a student loan had received a college degree?
  2. b. What is the probability that a student with a student loan had not received a college degree?
  3. c. Given the student had received a college degree, what is the probability that the student has a delinquent loan?
  4. d. Given the student had not received a college degree, what is the probability that the student has a delinquent loan?
  5. e. What is the impact of dropping out of college without a degree for students who have a student loan?
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Chapter 4 Solutions

Modern Business Statistics with Microsoft Excel (MindTap Course List)

Ch. 4.1 - 1. An experiment has three steps with three...Ch. 4.1 - 2. How many ways can three items be selected from...Ch. 4.1 - 3. How many permutations of three items can be...Ch. 4.1 - Prob. 4ECh. 4.1 - 5. Suppose an experiment has five equally likely...Ch. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - 8. In the city of Milford, applications for zoning...Ch. 4.1 - Prob. 9ECh. 4.1 - Prob. 10E
Ch. 4.1 - Prob. 11ECh. 4.1 - 12. The Powerball lottery is played twice each...Ch. 4.1 - 13. A company that manufactures toothpaste is...Ch. 4.2 - 14. An experiment has four equally likely...Ch. 4.2 - 15. Consider the experiment of selecting a playing...Ch. 4.2 - 16. Consider the experiment of rolling a pair of...Ch. 4.2 - 17. Refer to the KP&L sample points and sample...Ch. 4.2 - Prob. 18ECh. 4.2 - Prob. 19ECh. 4.2 - 20. Junior Achievement USA and the Allstate...Ch. 4.2 - 21. Data on U.S. work-related fatalities by cause...Ch. 4.3 - 22. Suppose that we have a sample space with five...Ch. 4.3 - Prob. 23ECh. 4.3 - Prob. 24ECh. 4.3 - 25. The Eco Pulse survey from the marketing...Ch. 4.3 - Prob. 26ECh. 4.3 - Prob. 27ECh. 4.3 - 28. A survey of magazine subscribers showed that...Ch. 4.3 - 29. High school seniors with strong academic...Ch. 4.4 - 30. Suppose that we have two events, A and B, with...Ch. 4.4 - 31. Assume that we have two events, A and B, that...Ch. 4.4 - Prob. 32ECh. 4.4 - Students taking the Graduate Management...Ch. 4.4 - Prob. 34ECh. 4.4 - Prob. 35ECh. 4.4 - 36. Jamal Crawford of the National Basketball...Ch. 4.4 - 37. A joint survey by Parade magazine and Yahoo!...Ch. 4.4 - 38. The Institute for Higher Education Policy, a...Ch. 4.5 - 39. The prior probabilities for events A1 and A2...Ch. 4.5 - 40. The prior probabilities for events A1, A2, and...Ch. 4.5 - 41. A consulting firm submitted a bid for a large...Ch. 4.5 - Prob. 42ECh. 4.5 - 43. In August 2012, tropical storm Isaac formed in...Ch. 4.5 - Prob. 44ECh. 4.5 - Prob. 45ECh. 4 - 46. A survey of adults aged 18 and older conducted...Ch. 4 - Prob. 47SECh. 4 - Below are the results of a survey of 1364...Ch. 4 - 49. A study of 31,000 hospital admissions in New...Ch. 4 - 50. A telephone survey to determine viewer...Ch. 4 - Prob. 51SECh. 4 - 52. An MBA new-matriculants survey provided the...Ch. 4 - Prob. 53SECh. 4 - 54. In February 2012, the Pew Internet & American...Ch. 4 - 55. A large consumer goods company ran a...Ch. 4 - Prob. 56SECh. 4 - 57. A company studied the number of lost-time...Ch. 4 - Prob. 58SECh. 4 - 59. An oil company purchased an option on land in...Ch. 4 - 60. The five most common words appearing in spam...
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