STAT.F/BUS.+ECO.PKG.:LOOSELEAF+MYLABSPL
13th Edition
ISBN: 9780135412428
Author: MCCLAVE
Publisher: PEARSON C
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 6.7, Problem 6.98ACB
Corporate sustainability of CPA firms. Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations. Exercise 6.12 (p. 315). Recall that the level of support for corporate sustainability (measured on a quantitative scale
- a. Locate the 90% confidence interval for σ2 on the printout. Interpret the result.
- b. Use the sample variance on the printout to calculate the 90% confidence interval for σ2 Does your result agree with the interval shown on the printout?
- c. Locate the 90% confidence internal for σ on the printout.
- d. Use the result, part a to calculate the 90% confidence interval for σ. Does your result agree with the interval shown on the printout?
- e. Give a practical interpretation of the 90% confidence interval for σ.
- f. What assumption about the distribution of level of support is required for the inference, part e, to be valid? Is this assumption reasonably satisfied?
(Use your answer to Exercise 4,125. p. 246.)
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Consider the following statistics in the mid-season of Spanish La Liga.
mean ball possession
number of observations
sample variance
Real Madrid
0.70
14
0.2
Barcelona
0.80
12
0.7
Find a 90% per cent confidence interval between the mean ball possession between Real Madrid and Barcelona. Are they statistically different?
In a study of drug-induced anaphylaxis among patients taking rocuronium bromide as part of their anesthesia, Laake and Rottingen found that the occurrence of anaphylaxis followed a Poisson model with λ = 12 incidents per year in Norway.
What is the probability that between 10 and 15 patients, inclusively, will have anaphylaxis?
What is the average number of patients and what is the standard deviation of the number of patients?
The National Association of Home Builders provided data on the cost of the most popular home remodeling projects. Sample data on cost in thousands of dollars for two types if remodeling projects are as follows.
Kitchen Master Bedroom
25.2 18.0
17.4 22.9
22.8 26.4
21.9 24.8
19.7 26.9
23.0 17.8
19.7 24.6
16.9 21.0
21.8
23.6
a. Compute the sample mean and sample standard deviation for each type of project.
b. Develop a point estimate of the difference between the population mean…
Chapter 6 Solutions
STAT.F/BUS.+ECO.PKG.:LOOSELEAF+MYLABSPL
Ch. 6.2 - Find z/2 for each of the following: a. a . = .10...Ch. 6.2 - What is the confidence level of each of the...Ch. 6.2 - A random sample of n measurements was selected...Ch. 6.2 - A random sample of 90 observations produced a mean...Ch. 6.2 - A random sample of 70 observations from a normally...Ch. 6.2 - Use the applet Confidence Intervals for a Mean...Ch. 6.2 - Use the applet Confidence Intervals for a Mean...Ch. 6.2 - Prob. 6.6LMCh. 6.2 - Explain the difference between an interval...Ch. 6.2 - Prob. 6.8LM
Ch. 6.2 - Will a large-sample confidence interval be valid...Ch. 6.2 - Heart rate variability of police officers. Are...Ch. 6.2 - Tipping points in daily deal transactions? Online...Ch. 6.2 - Corporate sustainability of CPA firms. Corporate...Ch. 6.2 - College dropout study. Refer to the American...Ch. 6.2 - Wear-out of used display panels. Refer to Exercise...Ch. 6.2 - Unethical corporate conduct. How complicit are...Ch. 6.2 - Shopping on Black Friday. The day after...Ch. 6.2 - 401 (k) Participation rates. Named for the section...Ch. 6.2 - Accounting and Machiavellianism. Refer to the...Ch. 6.2 - Facial structure of CEOs. In Psychological Science...Ch. 6.2 - Improving SAT scores. Refer to the Chance (Winter...Ch. 6.2 - The Raid test kitchen. According to scientists,...Ch. 6.3 - Suppose you have selected a random sample of n = 5...Ch. 6.3 - Use the applet Confidence Intervals for a Mean...Ch. 6.3 - Use the applet Confidence Intervals for a Mean...Ch. 6.3 - Explain the differences in the sampling...Ch. 6.3 - Let t0 be a specific value of t. Use Table III in...Ch. 6.3 - The following random sample was selected from a...Ch. 6.3 - The following sample of 16 measurements was...Ch. 6.3 - Lobster trap placement. An observational study of...Ch. 6.3 - Radon exposure in Egyptian tombs. Many ancient...Ch. 6.3 - Do social robots walk or roll? Refer to the...Ch. 6.3 - Hospital length of stay. Health insurers and the...Ch. 6.3 - Repair and replacement costs of water pipes. Refer...Ch. 6.3 - Prob. 6.34ACICh. 6.3 - Oxygen bubbles in molten salt. Molten salt is used...Ch. 6.3 - Performance of stock screeners. In Exercise 2.44...Ch. 6.3 - Minimizing tractor skidding distance. When...Ch. 6.3 - Crude oil biodegradation. Refer to the Journal of...Ch. 6.3 - Largest private companies. IPOsinitial public...Ch. 6.4 - Describe the sampling distribution of p based on...Ch. 6.4 - Use the applet Confidence Intervals for a...Ch. 6.4 - Prob. 6.6AECh. 6.4 - For the binomial sample information summarized in...Ch. 6.4 - A random sample of size n = 121 yielded p=.88. a....Ch. 6.4 - A random sample of size n = 225 yielded p=.46. a....Ch. 6.4 - A random sample of 50 consumers taste-tested a new...Ch. 6.4 - Customer participation in store loyalty card...Ch. 6.4 - Crash risk of using cell phones while driving....Ch. 6.4 - Zillow.com estimates of home values. Zillow.com is...Ch. 6.4 - Do social robots walk or roll? Refer to the...Ch. 6.4 - Is Starbucks coffee overpriced? The Minneapolis...Ch. 6.4 - Nannies who are INA certified. The International...Ch. 6.4 - Prob. 6.51ACICh. 6.4 - Prob. 6.52ACICh. 6.4 - Minority ownership of franchises. According to a...Ch. 6.4 - Study of aircraft bird-strikes. As worldwide air...Ch. 6.4 - Prob. 6.55ACICh. 6.4 - Diamonds sold on the open market. Refer to the...Ch. 6.4 - Are you really being served red snapper? Refer to...Ch. 6.4 - Eye shadow, mascara, and nickel allergies....Ch. 6.4 - Prob. 6.59ACACh. 6.5 - If you wish to estimate a population mean with a...Ch. 6.5 - Suppose you wish to estimate a population mean...Ch. 6.5 - In each case, find the approximate sample size...Ch. 6.5 - The following is a 90% confidence interval for p:...Ch. 6.5 - It costs you 10 to draw a sample of size n = 1 and...Ch. 6.5 - Suppose you wish to estimate the mean of a normal...Ch. 6.5 - If nothing is known about p. .5 can be substituted...Ch. 6.5 - Aluminum cans contaminated by fire. A gigantic...Ch. 6.5 - Accounting and Machiavellianism. Refer to the...Ch. 6.5 - Lobster trap placement. Refer to the Bulletin of...Ch. 6.5 - Evaporation from swimming pools. Refer to the...Ch. 6.5 - Do social robots walk or roll? Refer to the...Ch. 6.5 - Study of aircraft bird-strikes. Refer to the...Ch. 6.5 - Bacteria in bottled water. Is the bottled water...Ch. 6.5 - Shopping on Black Friday. Refer to the...Ch. 6.5 - Monitoring phone calls to a toll-free number. A...Ch. 6.5 - Eye shadow, mascara, and nickel allergies. Refer...Ch. 6.5 - Prob. 6.77ACICh. 6.5 - Is caffeine addictive? Does the caffeine in...Ch. 6.5 - Prob. 6.79ACACh. 6.6 - Calculate the percentage of the population sampled...Ch. 6.6 - Suppose the standard deviation of the population...Ch. 6.6 - Suppose N = 5,000, n = 64, and s = 24. a. Compare...Ch. 6.6 - Suppose N = 10,000, n = 2,000. and s = 50. a....Ch. 6.6 - Prob. 6.84LMCh. 6.6 - Prob. 6.85LMCh. 6.6 - Prob. 6.86LMCh. 6.6 - NFL player survey. Researchers at the University...Ch. 6.6 - Magazine subscriber salaries. Each year, the trade...Ch. 6.6 - Auditing sampling methods. Traditionally. auditors...Ch. 6.6 - Prob. 6.90ACICh. 6.6 - Invoice errors in a billing system In a study of...Ch. 6.6 - Prob. 6.92ACACh. 6.7 - For each of the following combinations of and...Ch. 6.7 - Given the following values of x, s, and n, form a...Ch. 6.7 - Prob. 6.95LMCh. 6.7 - A random sample of n = 6 observations from a...Ch. 6.7 - Oil content of fried sweet potato chips. The...Ch. 6.7 - Corporate sustainability of CPA firms. Refer to...Ch. 6.7 - Facial structure of CEOs. Refer to the...Ch. 6.7 - Radon exposure in Egyptian tombs. Refer to the...Ch. 6.7 - Drug content assessment. Refer to the Analytical...Ch. 6.7 - Jitter in a water power system. Jitter is a term...Ch. 6.7 - Lobster trap placement Refer to the Bulletin of...Ch. 6.7 - Phishing attacks on e-mail accounts. Refer to the...Ch. 6.7 - Is honey a cough remedy? Refer to the Archives of...Ch. 6 - In each of the following instances determine...Ch. 6 - In random Sample of 400 measurements, 227 of the...Ch. 6 - Prob. 6.109LMCh. 6 - Calculate the finite population correction factor...Ch. 6 - Find /22 and (1/2)2 from Table IV, Appendix D, for...Ch. 6 - Latex allergy in health care workers. Health care...Ch. 6 - Prob. 6.113ACBCh. 6 - Products Made in the USA. Refer to Exercise 2.154...Ch. 6 - Prob. 6.115ACBCh. 6 - Lead and copper in drinking water. Periodically,...Ch. 6 - Water pollution testing. The EPA wants to test a...Ch. 6 - Bankruptcy effect on U.S. airfares. Both Delta...Ch. 6 - Prob. 6.119ACBCh. 6 - Motivation of drug dealers. Refer to the Applied...Ch. 6 - Budget lapsing at army hospitals Budget lapsing...Ch. 6 - Size of diamonds sold at retail. Refer to Exercise...Ch. 6 - Prob. 6.123ACICh. 6 - Prob. 6.124ACICh. 6 - Surface roughness of pipe. Refer to the...Ch. 6 - Interviewing candidates for a job. The costs...Ch. 6 - Overbooking policies for major airlines. Airlines...Ch. 6 - Paying for music downloads if you use the...Ch. 6 - Accuracy of price scanners at Walmart. The...Ch. 6 - Contamination of New Jersey wells. Methyl t-butyl...Ch. 6 - Cell phone use by drivers. Studies have shown that...Ch. 6 - Salmonella poisoning from eating an ice cream bar....Ch. 6 - Prob. 6.133ACICh. 6 - Latex allergy in health care workers. Refer to the...Ch. 6 - Prob. 6.135ACACh. 6 - Accountants salary survey. Each year, Management...Ch. 6 - Prob. 6.137ACACh. 6 - A sampling dispute goes to court. Sampling of...Ch. 6 - Prob. 6.139CTC
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
- Seven pilots were tested in a flight simulator, and the time taken (in seconds) for each of them to complete a certain corrective action was measured and given as follows. 5.2 7.9 7.6 4.3 4.8 3.6 9.0 Construct a 99% confidence interval for the standard deviation of the true variability for the time taken to complete the corrective action.arrow_forwardConsider the following statistics in the mid-season of Spanish La Liga. ... Find a 90% per cent confidence interval between the mean ball possession between Real Madrid and Barcelona. Are they statistically different?arrow_forwardTensile strength tests were carried out on two different grades of wire rod resulting in the accompanying data: Grade Sample Size Sample Mean (kg/mm2) Sample Standard Deviation 1064 31 108 1.3 1078 31 124 1.6 Estimate the difference between true average strengths for the two grades with a 95% confidence interval for the previous problem. Group of answer choices (-16.352, -15.648) (-16.607, -15.393) (-16.952, -15.048) (-16.741, -15.260)arrow_forward
- Is the average amount spent on textbooks per semester by accounting majors significantly different from the average amount spent on textbooks per semester by management majors? Answer this question with a 90% confidence interval using the following data from random samples of students majoring in accounting or management. Discuss the assumptions. Accounting Majors Management MajorsMean $340 $285Standard deviation 20 30Sample size 40 50arrow_forwardA senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees from each firm: How many months did you work before receiving a raise in salary? Using the following ANOVA table, is there a difference in the mean number of months before receiving a raise among the four firms? Use the 0.01 level of significance. Analysis of Variance Source SS df MS F p Factor 31.00 3 10.33 5.44 0.008 Error 32.34 17 1.90 Total 63.34 20 a. What are the null and alternate hypotheses? H0: H1: b. What is the test statistic? (Round your answer to 2 decimal places.) c. What is the p-value? (Round your answer to 3 decimal places.) d. What is your decision regarding the null hypothesis? e. Interpret the result.arrow_forwardRegular consumption of presweetened cereals con- tributes to tooth decay, heart disease, and other degen- erative diseases, according to studies conducted by Dr. W. H. Bowen of the National Institute of Health and Dr. J. Yudben, Professor of Nutrition and Dietetics at the University of London. In a random sample con- sisting of 20 similar single servings of Alpha-Bits, the average sugar content was 11.3 grams with a standard deviation of 2.45 grams. Assuming that the sugar con- tents are normally distributed, construct a 95% con- fidence interval for the mean sugar content for single servings of Alpha-Bits. Above and the number 9.9 attachment is the referred question of the 9.17 problemarrow_forward
- Determinations of saliva pH levels were made in two independent random samples of seventh-grade schoolchildren. Sample A children were caries-free while sample B children had a high incidence of caries. The results were as follows: A 7.14 7.11 7.61 7.98 7.21 7.16 7.89 7.24 7.86 B 7.36 7.04 7.19 7.41 7.10 7.15 7.36 7.57 7.19 Construct and interpret a 90% confidence interval for the difference between the population means.arrow_forwardEach year, Lord & Taylor, Ltd., sets up a gift-wrapping station to assist its customers with holiday shopping. Preliminary observations of one worker at the station producedthe following sample time (in minutes per package): 3.5, 3.2, 4.1,3.6, 3.9. Based on this small sample, what number of observationswould be necessary to determine the true cycle time with a 95%confidence level and an accuracy of {5%?arrow_forwardAfter examining over one million online restaurant reviews and the associated weather conditions, Bakhshi, Kanuparthy, and Gilbert (2014) reported significantly higher ratings during moderate weather compared to very hot or very cold conditions. To verify this result, a researcher collected a sample of n = 25 reviews of local restaurants during an unusually hot period during July and August and obtained an average rating of M = 7.29. The complete set of reviews during the previous year averaged μ = 7.52 with a standard deviation of σ = 0.60.arrow_forward
- Six measurements were made of the mineral content (in percent) of spinach, with the following results. 19.1 20.8 20.8 21.4 20.5 19.7 Assuming the population to be normally distributed, construct a 99% confidence interval for population variance σ².arrow_forwardA national survey showed that Hillshire Farm Deli Select cold cuts were priced, on the average, at $5.20 per pound. Suppose a national survey of 23 retail outlets was taken and the price per pound of Hillshire Farm Deli Select cold cuts was ascertained. If the following data represent these prices, what is a 90% confidence interval for the population variance of these prices? Assume prices are normally distributed in the population. 5.18 5.22 5.25 5.19 5.30 5.17 5.15 5.28 5.20 5.14 5.05 5.19 5.26 5.23 5.19 5.22 5.08 5.21 5.24 5.33 5.22 5.19 5.19 Appendix A Statistical Tables (Round the intermediate values to 7 decimal places, e.g. 25.3162945. Round your answers to 4 decimal places, e.g. 25.3162.)enter the lower value of the interval ≤ σ2 ≤ enter the upper value of the intervalarrow_forwardIn the macro relation between GDP and FDI, Dr Mudenda obtained the following valuesfrom a Stata output: FDI coefficient of 0.45; t-statistic of 3; and covariance (GDP, FDI)value of 0.41. In literature, this relationship between GDP and FDI has generally beenestablished to be statistically significant. Answer the following questions:i) Calculate the variance of the FDI variable and explain its implicationii) Use the confidence interval approach to test whether FDI’s influence on GDP isstatically significant or not in Dr Mudenda’s study. Use 5% level which gives 1.96critical values.iii) What is the expected value of the p-values for studies that have been conductedin literature?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSON
The Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. Freeman
Introduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License