Introduction To Statistics And Data Analysis
Introduction To Statistics And Data Analysis
6th Edition
ISBN: 9781337793612
Author: PECK, Roxy.
Publisher: Cengage Learning,
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Textbook Question
Chapter 6.6, Problem 84E

The article “U.S. Investors Split Between Digital and Traditional Banking” (gallup.com, August 5, 2016, retrieved April 25, 2017) summarized data from a Gallup survey of a random sample of 1019 U.S. adults with investments of $10,000 or more. Based on the survey data, it was estimated that 31 % of investors manage their investments by doing everything they possibly can online. But the authors of the article also noted that there was quite a difference between younger investors (age 18 to 49) and older investors (age 50 and older). For younger investors, 43% said they do everything they possibly can online, while the percentage for older investors was 23%.

  1. a. Use the given information to estimate P(O), P(O|Y), and P(O|F) where O = event that a randomly selected investor does everything possible online, Y = event that a randomly selected investor is age 18 to 49, and F = event that a ran do ml y selected investor is 50 years old or older.
  2. b. Suppose that 40% of investors are between the ages of 18 and 49. Use the probabilities from Part (a) and the estimate P(Y) = 0.40 to calculate P(Y|O) and write a sentence interpreting this value.

6.81 The accompanying table summarizes data from a medical expenditures survey carried out by the National Center for Health Statistics (“Assessing the Effects of Race and Ethnicity on Use of Complementary and Alternative Therapies in the USA,” Ethnicity and Health [2005]: 19-32).

Chapter 6.6, Problem 84E, The article U.S. Investors Split Between Digital and Traditional Banking (gallup.com, August 5, , example  1

These percentages were based on data from 7320 people whose education level was high school or less, 4793 people with I to 4 years of college, and 1095 people with 5 or more years of college.

  1. a. Use the information given to determine the number of respondents falling into each of the six cells of the table below.

Chapter 6.6, Problem 84E, The article U.S. Investors Split Between Digital and Traditional Banking (gallup.com, August 5, , example  2

  1. b. Construct a table of estimated probabilities by dividing the count in each of the six table cells by the total sample size, n = 13,208.
  2. c. The authors of the study indicated that the sample was selected in a way that makes it reasonable to regard the estimated probabilities in the table from Part (b) as representative of the adult population in the United States. Use the information in that table to estimate the following probabilities for adults in the United States.
    1. i. The probability that a randomly selected individual has 5 or more years of college.
    2. ii. The probability that a randomly selected individual uses alternative therapies.
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Chapter 6 Solutions

Introduction To Statistics And Data Analysis

Ch. 6.1 - Refer to the previous exercise and now suppose...Ch. 6.1 - A family consisting of three peopleP1, P2, and...Ch. 6.1 - Prob. 13ECh. 6.1 - An engineering construction firm is currently...Ch. 6.1 - For the events described in the previous exercise,...Ch. 6.1 - Consider a Venn diagram picturing two events A and...Ch. 6.3 - A large department store offers online ordering....Ch. 6.3 - Consider the chance experiment described in the...Ch. 6.3 - The manager of an online music store has kept...Ch. 6.3 - Consider the chance experiment described in the...Ch. 6.3 - A bookstore sells two types of books (fiction and...Ch. 6.3 - Consider the chance experiment described in the...Ch. 6.3 - Medical insurance statuscovered (C) or not covered...Ch. 6.3 - Roulette is a game of chance that involves...Ch. 6.3 - Phoenix is a hub for a large airline. Suppose that...Ch. 6.3 - A customer satisfaction survey is planned. The...Ch. 6.3 - A professor assigns five problems to be completed...Ch. 6.3 - Refer to the following information on full-term...Ch. 6.3 - The report Teens, Social Media Technology...Ch. 6.3 - According to The Chronicle for Higher Education...Ch. 6.3 - The same issue of The Chronicle for Higher...Ch. 6.3 - A deck of 52 playing cards is mixed well, and 5...Ch. 6.3 - After all students have left the classroom, a...Ch. 6.3 - Use the information given in the previous exercise...Ch. 6.3 - The student council for a school of science and...Ch. 6.3 - A student placement center has requests from five...Ch. 6.3 - Suppose that a six-sided die is weighted so that...Ch. 6.4 - Two different airlines have a flight from Los...Ch. 6.4 - The article Chances Are You Know Someone with a...Ch. 6.4 - The accompanying data are from the article...Ch. 6.4 - Using the probabilities calculated in the previous...Ch. 6.4 - The following graphical display is similar to one...Ch. 6.4 - The article Americans Growing More Concerned About...Ch. 6.4 - The events E and T are defined as E = the event...Ch. 6.4 - The newspaper article Folic Acid Might Reduce Risk...Ch. 6.4 - Suppose that an individual is randomly selected...Ch. 6.4 - Is ultrasound a reliable method for determining...Ch. 6.4 - The paper Accuracy and Reliability of...Ch. 6.4 - The report 2015 Utah Seat Belt Use Survey (Utah...Ch. 6.4 - The National Highway Traffic Safety Administration...Ch. 6.4 - Use the information given in the previous exercise...Ch. 6.4 - The paper Good for Women, Good for Men, Bad for...Ch. 6.5 - Many fire stations handle emergency calls for...Ch. 6.5 - Refer to the information given in the previous...Ch. 6.5 - The paper Predictors of Complementary Therapy Use...Ch. 6.5 - The report TV Drama/Comedy Viewers and Health...Ch. 6.5 - The report Great Jobs, Great Lives. The...Ch. 6.5 - In a small city, approximately 15% of those...Ch. 6.5 - Jeanie is a bit forgetful, and if she doesnt make...Ch. 6.5 - Consider a system consisting of four components,...Ch. 6.5 - Consider the system described in the previous...Ch. 6.5 - In a January 2016 Harris Poll, each of 2252...Ch. 6.5 - Consider the following events: T = event that a...Ch. 6.5 - The following case study was reported in the...Ch. 6.5 - Three friends (A, B, and C) will participate in a...Ch. 6.5 - A store sells two different brands of dishwasher...Ch. 6.5 - The National Public Radio show Car Talk used to...Ch. 6.5 - Refer to the previous exercise. Suppose now that...Ch. 6.6 - A university has 10 vehicles available for use by...Ch. 6.6 - Prob. 70ECh. 6.6 - There are two traffic lights on Darlenes route...Ch. 6.6 - Let F denote the event that a randomly selected...Ch. 6.6 - According to a July 31, 2013 posting on cnn.com, a...Ch. 6.6 - Suppose that Blue Cab operates 15% of the taxis in...Ch. 6.6 - A large cable company reports the following: 80%...Ch. 6.6 - Refer to the information given in the previous...Ch. 6.6 - The authors of the paper Do Physicians Know When...Ch. 6.6 - A study of how people are using online services...Ch. 6.6 - The report Twitter in Higher Education: Usage...Ch. 6.6 - Use the information given in the previous exercise...Ch. 6.6 - Prob. 81ECh. 6.6 - Use the table of estimated probabilities from the...Ch. 6.6 - Suppose that we define the following events: C =...Ch. 6.6 - The article U.S. Investors Split Between Digital...Ch. 6.6 - Prob. 85ECh. 6.6 - The paper referenced in the previous exercise also...Ch. 6.6 - In an article that appears on the web site of the...Ch. 6.7 - The report Airline Quality Rating 2016...Ch. 6.7 - Five hundred first-year students at a state...Ch. 6.7 - Use the information given in the previous exercise...Ch. 6.7 - The table given below describes (approximately)...Ch. 6.7 - On April 1, 2010, the Bureau of the Census in the...Ch. 6.7 - Refer to the information given in the previous...Ch. 6.7 - Refer to the information given in Exercises 6.92...Ch. 6 - False positive results are not uncommon with...Ch. 6 - A company uses three different assembly linesA1,...Ch. 6 - Consider the following information about...Ch. 6 - Use the information given in the previous exercise...Ch. 6 - Use the information given in exercise 6.102 to...Ch. 6 - Prob. 105CRCh. 6 - The following table summarizing data on smoking...Ch. 6 - A study of the impact of seeking a second opinion...Ch. 6 - A company sends 40% of its overnight mail parcels...Ch. 6 - Prob. 109CRCh. 6 - Prob. 110CRCh. 6 - In a school machine shop, 60% of all machine...Ch. 6 - There are five faculty members in a certain...Ch. 6 - The general addition rule for three events states...Ch. 6 - A theater complex is currently showing four...Ch. 6 - Prob. 117CRCh. 6 - Suppose that a box contains 25 light bulbs, of...Ch. 6 - Return to Exercise 6.118, and suppose that 4 bulbs...Ch. 6 - A transmitter is sending a message using a binary...
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