Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
7th Edition
ISBN: 9781337298353
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: South-Western College Pub
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Chapter 8, Problem 8.3.2CP

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.
Chapter 8, Problem 8.3.2CP, Metropolitan Research, Inc., a consumer research organization, conducts surveys designed to evaluate
Managerial Report

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.

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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.   Miles 85092 39323 64342 74276 74425 37831 77539 32609 89641 61978 66998 67202 89341 88798 59465 94219 67998 40001 118444 73341 77437 116803 59817 72069 53500 85288 32534 92857 101769 25066 79294 138114…
A low-level CDC bureaucrat wants to please his boss by gathering evidence thatthe current government-mandated shutdown of society is not causing people’s mentalhealth to deteriorate, so that it can safely be continued for several years if anyexpert says it’s necessary.He polls a random sample of 1600 citizens, gathering data on such items asincome loss, weight gain, access to toilet paper, hours spent binge-watchingNetflix, and number of injuries caused by household fights, and compiles all thisinto a scientifically-weighted “misery index”.The mean misery index from the sample is 99.2; it seems reasonable to use apopulation standard deviation σ = 19.1.a) Does this information provide significant evidence (at the 5% level) that thenationwide mean misery index is less than 100? Set up appropriate null andalternative hypotheses, calculate the appropriate test statistic, find the P-value,and state your conclusion. (10)b) A CDC press release publishing the results of this study claims that…
A low-level CDC bureaucrat wants to please his boss by gathering evidence thatthe current government-mandated shutdown of society is not causing people’s mentalhealth to deteriorate, so that it can safely be continued for several years if anyexpert says it’s necessary.He polls a random sample of 1600 citizens, gathering data on such items asincome loss, weight gain, access to toilet paper, hours spent binge-watchingNetflix, and number of injuries caused by household fights, and compiles all thisinto a scientifically-weighted “misery index”.The mean misery index from the sample is 99.2; it seems reasonable to use apopulation standard deviation σ = 19.1.a) Does this information provide significant evidence (at the 5% level) that thenationwide mean misery index is less than 100? Set up appropriate null andalternative hypotheses, calculate the appropriate test statistic, find the P-value,and state your conclusion.  b) A CDC press release publishing the results of this study claims that…
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