EBK MODERN BUSINESS STATISTICS WITH MIC
EBK MODERN BUSINESS STATISTICS WITH MIC
5th Edition
ISBN: 9780100475038
Author: williams
Publisher: YUZU
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Chapter 8, Problem 3CP

Metropolitan Research, Inc.

Metropolitan Research, Inc., a consumer research organization, conducts surveys designed to evaluate a wide variety of products and services available to consumers. In one particular study, Metropolitan looked at consumer satisfaction with the performance of automobiles produced by a major Detroit manufacturer. A questionnaire sent to owners of one of the manufacturer’s full-sized cars revealed several complaints about early transmission problems. To learn more about the transmission failures, Metropolitan used a sample of actual transmission repairs provided by a transmission repair firm in the Detroit area. The following data show the actual number of miles driven for 50 vehicles at the time of transmission failure.

TABLE 8.7 SALES DATA FOR GULF REAL ESTATE PROPERTIES

Chapter 8, Problem 3CP, Metropolitan Research, Inc.
Metropolitan Research, Inc., a consumer research organization, conducts

Managerial Report

  1. 1. Use appropriate descriptive statistics to summarize the transmission failure data.
  2. 2. Develop a 95% confidence interval for the mean number of miles driven until transmission failure for the population of automobiles with transmission failure. Provide a managerial interpretation of the interval estimate.
  3. 3. Discuss the implication of your statistical findings in terms of the belief that some owners of the automobiles experienced early transmission failures.
  4. 4. How many repair records should be sampled if the research firm wants the population mean number of miles driven until transmission failure to be estimated with a margin of error of 5000 miles? Use 95% confidence.
  5. 5. What other information would you like to gather to evaluate the transmission failure problem more fully?
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Chapter 8 Solutions

EBK MODERN BUSINESS STATISTICS WITH MIC

Ch. 8.2 - For a t distribution with 16 degrees of freedom,...Ch. 8.2 - Find the t value(s) for each of the following...Ch. 8.2 - The following sample data are from a normal...Ch. 8.2 - 14. A simple random sample with n = 54 provided a...Ch. 8.2 - Prob. 15ECh. 8.2 - Years to Bond Maturity. A sample containing years...Ch. 8.2 - Quality Ratings of Airports. The International Air...Ch. 8.2 - Unemployment in Older Workers. Older people often...Ch. 8.2 - Prob. 19ECh. 8.2 - Prob. 20ECh. 8.2 - Prob. 21ECh. 8.2 - Prob. 22ECh. 8.3 - 23. How large a sample should be selected to...Ch. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - Prob. 26ECh. 8.3 - Prob. 27ECh. 8.3 - Prob. 28ECh. 8.3 - 29. Customers arrive at a movie theater at the...Ch. 8.3 - Prob. 30ECh. 8.4 - 31. A simple random sample of 400 individuals...Ch. 8.4 - 32. A simple random sample of 800 elements...Ch. 8.4 - Prob. 33ECh. 8.4 - 34. At 95% confidence, how large a sample should...Ch. 8.4 - The Consumer Reports National Research Center...Ch. 8.4 - 36. According to statistics reported on CNBC, a...Ch. 8.4 - 37. One of the questions on a survey of 1000...Ch. 8.4 - According to Thomson Financial, through last...Ch. 8.4 - Prob. 39ECh. 8.4 - For many years businesses have struggled with the...Ch. 8.4 - 41. Fewer young people are driving. In 1983, 87%...Ch. 8.4 - Prob. 42ECh. 8.4 - Prob. 43ECh. 8 - 44. A sample survey of 54 discount brokers showed...Ch. 8 - 45. A survey conducted by the American Automobile...Ch. 8 - 46. The 92 million Americans of age 50 and over...Ch. 8 - Russia has recently started a push for stronger...Ch. 8 - 48. The Health Care Cost Institute tracks health...Ch. 8 - A recent article reported that there are...Ch. 8 - 50. Mileage tests are conducted for a particular...Ch. 8 - Prob. 51SECh. 8 - Prob. 52SECh. 8 - 53. The National Center for Education Statistics...Ch. 8 - Prob. 54SECh. 8 - 55. The Pew Research Center has conducted...Ch. 8 - 56. A survey of 750 likely voters in Ohio was...Ch. 8 - The 2003 Statistical Abstract of the United States...Ch. 8 - 58. A well-known bank credit card firm wishes to...Ch. 8 - Prob. 59SECh. 8 - Prob. 60SECh. 8 - case Problem 1 Young Professional Magazine Young...Ch. 8 - Gulf Real Estate Properties Gulf Real Estate...Ch. 8 - Metropolitan Research, Inc. Metropolitan Research,...
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