BuyFind*arrow_forward*

13th Edition

Anderson

Publisher: CENGAGE L

ISBN: 9781305881884

Chapter 7, Problem 42SE

Textbook Problem

28 views

Jack Lawler, a financial analyst, wants to prepare an article on the Shadow Stock portfolio developed by the American Association of Individual Investors (AAII). A list of the 30 companies in the Shadow Stock portfolio as of March 2014 is contained in the DATAfile named ShadowStocks (AAII website March 27, 2014). Jack would like to select a simple random sample of 5 of these companies for an interview concerning management practices.

- a. In the DATAfile the Shadow Stock companies are listed in column A of an Excel worksheet. In column B we have generated a random number for each of the companies. Use these random numbers to select a simple random sample of 5 of these companies for Jack.
- b. Generate a new set of random numbers and use them to select a new simple random sample. Did you select the same companies?

**a.**

To determine

Draw a random sample of 5 of the companies of Jack.

The random sample of 5 of these companies are tabulated below,

Company |
Random Number |

Hardinge Inc. (HDNG) | 0.4298384 |

Medical Action Industries (MDCI) | 0.3792011 |

Mitcham Industries, Inc. (MIND) | 0.4257654 |

Rocky Brands Inc (RCKY) | 0.7556817 |

Willis Lease Finance Corporati (WLFC) | 0.9063183 |

**Calculation:**

Answers may vary. One of the possible answers is given:

The given data represents the Shadow Stock of 30 companies.

**Software procedure:**

Step-by-step software procedure to obtain a random samples using MINITAB software:

- Click on
**Calc**>**Random Data**>**Sample from columns**. - In
**Number of rows to sample**, enter**5**. - In the
**Store in column**, enter column**C2.** - Click
**OK.** - Click on
**Data > Display Data** - Select
**C2.** - Click
**Ok.**

Output using MINITAB software is as follows:

Therefore, the random sample of 5 of these companies is,

Company |
Random Number |

Hardinge Inc. (HDNG) | 0.4298384 |

Medical Action Industries (MDCI) | 0.3792011 |

Mitcham Industries, Inc. (MIND) | 0.4257654 |

Rocky Brands Inc (RCKY) | 0.7556817 |

Willis Lease Finance Corporati (WLFC) | 0.9063183 |

**b.**

To determine

Generate a new simple random sample and compare it with the sample in part (a).

The random sample of 5 of these companies is,

Company |
Random Number |

Marlin Business Services Corp. (MRLN) | 0.6827254 |

International Shipholding Corp (ISH) | 0.227759457 |

VOXX International Corp (VOXX) | 0.629674789 |

Hardinge Inc. (HDNG) | 0.429838402 |

Rocky Brands Inc (RCKY) | 0.755681737 |

The random samples in these data set does not match with the random samples of part (a).

**Calculation:**

**Software procedure:**

Step-by-step software procedure to obtain a random sample using MINITAB software is as follows,

- Click on
**Calc**>**Random Data**>**Sample from columns**. - In
**Number of rows to sample**, enter**5**. - In the
**Store in column**, enter column**C2.** - Click
**OK** - Click on
**Data > Display Data** - Select
**C2.** - Click
**Ok.**

Output using MINITAB software is as follows,

Therefore the random sample of 5 of these companies is,

Company |
Random Number |

Marlin Business Services Corp. (MRLN) | 0.6827254 |

International Shipholding Corp (ISH) | 0.227759457 |

VOXX International Corp (VOXX) | 0.629674789 |

Hardinge Inc. (HDNG) | 0.429838402 |

Rocky Brands Inc (RCKY) | 0.755681737 |

Here, it is observed that the drawn sample is not same as the sample drawn in part (a).

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Show all chapter solutions

Ch. 7.2 - Consider a finite population with five elements...Ch. 7.2 - Assume a finite population has 350 elements. Using...Ch. 7.2 - Fortune publishes data on sales, profits, assets,...Ch. 7.2 - The 10 most active stocks on the New York Stock...Ch. 7.2 - A student government organization is interested in...Ch. 7.2 - The County and City Data Book, published by the...Ch. 7.2 - Assume that we want to identify a simple random...Ch. 7.2 - The following stocks make up the Dow Jones...Ch. 7.2 - The Wall Street Journal provides the net asset...Ch. 7.2 - Indicate which of the following situations involve...

Ch. 7.3 - The following data are from a simple random...Ch. 7.3 - A survey question for a sample of 150 individuals...Ch. 7.3 - A sample of 5 months of sales data provided the...Ch. 7.3 - Morningstar publishes ratings data on 1208 company...Ch. 7.3 - The National Football League (NFL) polls fans to...Ch. 7.3 - A sample of 426 U.S. adults age 50 and older were...Ch. 7.3 - One of the questions in the Pew Internet American...Ch. 7.5 - A population has a mean of 200 and a standard...Ch. 7.5 - A population has a mean of 200 and a standard...Ch. 7.5 - Assume the population standard deviation is = 25....Ch. 7.5 - Suppose a random sample of size 50 is selected...Ch. 7.5 - Refer to the EAI sampling problem. Suppose a...Ch. 7.5 - In the EAI sampling problem (see Figure 7.5), we...Ch. 7.5 - Barrons reported that the average number of weeks...Ch. 7.5 - The College Board reported the following mean...Ch. 7.5 - For the year 2010, 33% of taxpayers with adjusted...Ch. 7.5 - The Economic Policy Institute periodically issues...Ch. 7.5 - The state of California has a mean annual rainfall...Ch. 7.5 - The mean preparation fee HR Block charged retail...Ch. 7.5 - To estimate the mean age for a population of 4000...Ch. 7.6 - A sample of size 100 is selected from a population...Ch. 7.6 - A population proportion is .40. A sample of size...Ch. 7.6 - Assume that the population proportion is .55....Ch. 7.6 - The population proportion is .30. What is the...Ch. 7.6 - The president of Doerman Distributors, Inc.,...Ch. 7.6 - The Wall Street Journal reported that the age at...Ch. 7.6 - People end up tossing 12% of what they buy at the...Ch. 7.6 - Forty-two percent of primary care doctors think...Ch. 7.6 - In 2008 the Better Business Bureau settled 75% of...Ch. 7.6 - The Grocery Manufacturers of America reported that...Ch. 7.6 - The Food Marketing Institute shows that 17% of...Ch. 7 - Jack Lawler, a financial analyst, wants to prepare...Ch. 7 - The latest available data showed health...Ch. 7 - Foot Locker uses sales per square foot as a...Ch. 7 - Allegiant Airlines charges a mean base fare of 89....Ch. 7 - After deducting grants based on need, the average...Ch. 7 - Three firms carry inventories that differ in size....Ch. 7 - A researcher reports survey results by stating...Ch. 7 - A production process is checked periodically by a...Ch. 7 - Fifteen percent of Australians smoke. By...Ch. 7 - A market research firm conducts telephone surveys...Ch. 7 - Advertisers contract with Internet service...Ch. 7 - The proportion of individuals insured by the...Ch. 7 - Lori Jeffrey is a successful sales representative...Ch. 7 - Managerial Report Prepare a managerial report that...

Find more solutions based on key concepts

Show solutions Draw and explain a production possibilities frontier for an economy that produces milk and cookies. What happen...

Principles of Microeconomics (MindTap Course List)

A system consists of two identical pumps, #1 and #2. If one pump fails, the system will still operate. However,...

Probability and Statistics for Engineering and the Sciences

Hotel rooms in Smalltown go for 100, and 1,000 rooms are rented on a typical day. a. To raise revenue, the mayo...

Principles of Macroeconomics (MindTap Course List)

During the Revolutionary War, the American colonies could not raise enough tax revenue to fully fund the war ef...

Principles of Economics (MindTap Course List)

Suppose an economy is in long-run equilibrium. a. Use the model of aggregate demand and aggregate supply to ill...

Brief Principles of Macroeconomics (MindTap Course List)

(Monopoly and the Allocation of Resources) What is the problem with monopoly? Compare monopoly to the benchmark...

ECON: MICRO4 (New, Engaging Titles from 4LTR Press)

Financial ratio analysis is conducted by three main groups of analysts: credit analysts, stock analysts, and ma...

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

Narrative 1: Good Buy, Inc (good-buy.com) Good Buy, Inc. (a fictitious company) sells a variety of consumer pro...

Accounting Information Systems

Is it better for a firms actual stock price in the market to be under, over, or equal to its intrinsic value? W...

Fundamentals of Financial Management (MindTap Course List)

The ticket seller at a movie theater doubles as a ticket taker for a few minutes each day while the ticket take...

Corporate Financial Accounting

Transactions Interstate Delivery Service is owned and operated by Katie Wyer. The following selected transactio...

Financial & Managerial Accounting

Which of the following is not one of the five categories of control activities? a. Checks on recorded amounts b...

Cornerstones of Financial Accounting

Creating a Bar Chart and Writing a Title. YOUR TASK. Create a bar chart comparing the current number of Interne...

Essentials of Business Communication (MindTap Course List)

CONSTANT GROWTH VALUATION Holtzman Clothierss stock currently sells for 38.00 a share. It just paid a dividend ...

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

How is the production of services similar to the production of manufactured goods?

Foundations of Business (MindTap Course List)

Statement of cash flowsindirect method The comparative balance sheet of Olson-Jones Industries Inc. for Decembe...

Financial And Managerial Accounting

Financial statement data for years ending December 31 for Robinhood Company follow: a. Determine the accounts r...

Financial Accounting

TRANSACTION ANALYSIS Linda Kipp started a business on May 1, 20--. Analyze the following transactions for the f...

College Accounting, Chapters 1-27

When Werner and Thompson, a Los Angeles business and financial management firm, offered Iranian-born Firoz Bahm...

Management, Loose-Leaf Version

Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produ...

Essentials of Economics (MindTap Course List)

Contrast the focus of marketing activities during the five eras of marketing history.

Contemporary Marketing

Explain cause-related marketing

MKTG 12:STUDENT ED.-TEXT

Robotics Inc. contracts with a customer to build a custom robot to be used in the customers manufacturing opera...

Intermediate Accounting: Reporting And Analysis

Weighted average cost flow method under perpetual inventory system The following units of a particular item wer...

Financial & Managerial Accounting

Discuss the difference between the financial reporting system and the general ledger system.

Accounting Information Systems

Classifying Cost of Production A factory manufactures jelly. The jars of jelly are packed six to a box, and the...

Managerial Accounting: The Cornerstone of Business Decision-Making

The income statement of a proprietorship for the month of February indicates a net income of 17,500. During the...

Financial Accounting

Determine the effect of the following errors on a companys total revenue, total expenses, and net income. Indic...

College Accounting (Book Only): A Career Approach

What is national saving? What is private saving? What is public saving? How are these three variables related?

Principles of Macroeconomics (MindTap Course List)

Why would the welfare cost of insurance be smaller, the more inelastic the demand for that type of health care?

Exploring Economics

The FinancialTimes/Harris Poll is a monthly online poll of adults from six countries in Europe and the United S...

Statistics for Business & Economics, Revised (MindTap Course List)

PAYBACK PERIOD Refer to Problem 11-1. What is the projects payback?

Fundamentals of Financial Management (MindTap Course List)

Which of the following statements is false? a. R. Flores, Capital is increased with a credit. b. Prepaid Insura...

College Accounting (Book Only): A Career Approach

Direct write-off method Journalize the following transactions, using the direct write-off method of accounting ...

Accounting (Text Only)

Describe the impact that entity-level controls (i.e., control environment, pervasive controls, and general/IT g...

Pkg Acc Infor Systems MS VISIO CD

REPLACEMENT ANALYSIS The Bigbee Bottling Company is contemplating the replacement of one of its bottling machin...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

COMPUTING FEDERAL INCOME TAX Using the table in Figure 8-4 on pages 288 and 289, determine the amount of federa...

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

According to Keynes, an increase in saving and a decrease in consumption may lower total spending in the econom...

Macroeconomics

Why study the theory of perfect competition if no real-world market completely satisfies all of the theorys ass...

Microeconomics

When total utility is at a maximum, marginal utility is a. zero. b. positive. c. negative. d. one.

Economics For Today

If the tax base is 100 billion and tax revenues are 15 billion, what is the average tax rate?

Economics (MindTap Course List)

Classify the following quality costs as prevention, appraisal, internal failure, or external failure. Also, lab...

Cornerstones of Cost Management (Cornerstones Series)

List the penalties imposed on the employer for the following: a. Filing Form 941 late. b. Seven days late makin...

PAYROLL ACCT.,2019 ED.(LL)-TEXT

accounting equation The total assets and total liabilities for a recent year of Apple (AAPL) and HP (HPQ) forme...

Survey of Accounting (Accounting I)

Classifying adjusting entries The following accounts were taken from the unadjusted trial balance of Murray Co....

Corporate Financial Accounting

Describe the concept of value as it relates to value analysis. Provide examples of how an organization can incr...

Purchasing and Supply Chain Management

James Judson is the financial manager in charge of the company pension fund at Armco Incorporated. James knows ...

Practical Management Science

In a distribution with positive skew, where are the scoreswith the highest frequencies located? a. On the right...

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Expand Your knowledge: Outliers Some data include values so high or so low that they seem to stand apart from t...

Understanding Basic Statistics

Find the appropriate measure of central tendency for each variable displayed in problem 2.5. Report each statis...

Essentials Of Statistics

According to the article Rubbing Hands Together Under Warm Air Dryers Can Counteract Bacteria Reduction (Infect...

Introduction To Statistics And Data Analysis

Gentile, Lynch, Linder, and Walsh (2004) surveyed over 600 8th- and 9th-grade students asking about their gamin...

Statistics for The Behavioral Sciences (MindTap Course List)

Cohens kappa was developed to deal with a particular problem with measuring inter-rater reliability. Identify t...

Research Methods for the Behavioral Sciences (MindTap Course List)

Describe how time-related factors such as history, maturation, instrumentation, statistical regression, and ord...

Research Methods for the Behavioral Sciences (MindTap Course List)

Consider the following data for two variables, x and y. a. Compute the standardized residuals for these data. D...

Essentials Of Statistics For Business & Economics

Meeting Profit Goals A manufacturer of a certain commodity has estimated that her profit in thousands of dollar...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

In Figure 8.28, If the radius of the circle centered at O is 6, what is the length of diagonal TP of rectangle ...

Mathematics: A Practical Odyssey

Exercises 1624 Given: mRST=2x3 mTSV=x2 mRSV=49 Find: xandmTSV

Elementary Geometry For College Students, 7e

Verifying Inverse Functions In Exercises 9-16, show that f and g are inverse functions (a) analytically and (b)...

Calculus of a Single Variable

Graph each rational function. Note that the numerator and denominator of the fraction share a common factor. f(...

College Algebra (MindTap Course List)

Finding Horizontal Asymptotes In Exercises 29-36, find the horizontal asymptote of the graph of the function. ...

Calculus: An Applied Approach (MindTap Course List)

Multiply: (+9)(2)

Elementary Technical Mathematics

True or False:
Every series must do one of these: converge absolutely, converge conditionally, or diverge.

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Find the exact value of cos105.

Trigonometry (MindTap Course List)

Calculate the amount financed, the finance charge, and the monthly payments. For the following add-on interest ...

Contemporary Mathematics for Business & Consumers

Find all possible real solutions of each equation in Exercises 3144. 3x6x412x2+4=0

Finite Mathematics

Write each sentence in symbolic form. Use p, q, r, and s as defined below. p: Stephen Curry is a football playe...

Mathematical Excursions (MindTap Course List)

For problems 119-130, set up an equation, an inequality, or a system of equations to help solve each problem. T...

Intermediate Algebra

Finding Surface AreaIn Exercises 316, find the area of the surface given by z=f(x,y) that lies above the region...

Multivariable Calculus

Determine whether the sequence converges or diverges. If it converges, find the limit. 31. an=1+4n21+n2

Multivariable Calculus

Raise the following terms to indicated powers. (3ab2)

Mathematics For Machine Technology

Using a Function In Exercises 43-46, (a) find the gradient of the function at P, (b) find a unit normal vector ...

Calculus: Early Transcendental Functions (MindTap Course List)

APR and EAR Recall that the APR the annual percentage rate is the percentage rate on a loan that the Truth in L...

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

Let G= a be a cyclic group of order 35. List all elements having each of the following orders in G. a. 2 b. 5 ...

Elements Of Modern Algebra

ADJUSTABLE-RATE MORTGAGES George secured an adjustable-rate mortgage ARM loan to help finance the purchase of h...

Finite Mathematics for the Managerial, Life, and Social Sciences

Using Sigma Notation In Exercises 11-16, use sigma notation to write the sum. [7(16)+5]+[7(26)+5]++[7(66)+5]

Calculus: Early Transcendental Functions

In 41-44 a set premises and a conclusion are given. Use the valid argument forms listed in Table 2.3.1 to deduc...

Discrete Mathematics With Applications

Evaluate the limit, if it exists. limx12x2+3x+1x22x3

Single Variable Calculus: Early Transcendentals, Volume I

Solving an Equation In Exercises 81-96, solve the equation. Check your solutions. 2x+3=7

College Algebra

Find the Jacobian of the transformation. 2. x = u2 + uv, y = uv2

Calculus: Early Transcendentals

Solve the equations in Exercises 126. (x3+1)x+1(x3+1)2x+1=0

Finite Mathematics and Applied Calculus (MindTap Course List)

Name all the angles in the figure.

Elementary Geometry for College Students

A parabolic reflector for a car headlight forms a bowl shape that is 6 in. wide at its opening and 3 in. deep, ...

Precalculus: Mathematics for Calculus (Standalone Book)

The mass of a thin wire shaped like the curve y = x2 from (0, 0) to (1, 1) with density at (x, y) is:

Study Guide for Stewart's Multivariable Calculus, 8th

If h(2) = 4 and h'(2) = 3, find ddx(h(x)x)|x=2

Single Variable Calculus: Early Transcendentals

Graph the surface and the tangent plane at the given point. Choose the domain and viewpoint so that you get a g...

Calculus (MindTap Course List)

In Problems 25-28, write the slope-intercept form of the equation of the line that has the given slope and y-in...

Mathematical Applications for the Management, Life, and Social Sciences

Suppose a population grows according to a logistic model with initial population 1000 and carrying capacity 10,...

Single Variable Calculus

Simplify the expressions in Exercises 5764, given that x,y,z,a,b, and c are positive real numbers. 4(x2+y2)c2

Applied Calculus

Finding a Directional DerivativeIn Exercises 2528, use the gradient to find the directional derivative of the f...

Calculus (MindTap Course List)

Find all the answers to your study problems with bartleby.

Textbook solutions plus Q&A. Get As ASAP *arrow_forward*