Essentials Of Statistics For Business & Economics
9th Edition
ISBN: 9780357045435
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Chapter 8.1, Problem 7E
Cost of Dog Ownership. Money reports that the average annual cost of the first year of owning and caring for a large dog in 2017 is $1448. The Irish Red and White Setter Association of America has requested a study to estimate the annual first-year cost for owners of this breed. A sample of 50 will be used. Based on past studies, the population standard deviation is assumed known with σ = $255.
- a. What is the margin of error for a 95% confidence interval of the
mean cost of the first year of owning and caring for this breed? - b. The file Setters contains data collected from fifty owners of Irish Setters on the cost of the first year of owning and caring for their dogs. Use this data set to compute the sample mean. Using this sample, what is the 95% confidence interval for the mean cost of the first year of owning and caring for an Irish Red and White Setter?
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The correlation coefficient for the data is r=0.626and a=0.05 Should regression analysis be done?
The regression analysis should not be done.
The regression analysis should be done.
Find the equation of the regression line. Round the coefficients to at least three decimal places.
y'-a+bx
b=
Find the predicted grade in Statistics when the…
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Student 1 2
3
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6 7 8 9 10 11 12
Hours
GPA
5 6 7
8
9
10
13 15 16 20 22 25
4.0 3.9 3.7 3.6 3.4 3.3 3.2 2.9 2.7 2.4 2.2 2.1
Send data to Excel
Part 1 of 5
(a) Draw the scatter plot for the variables.
Time Watching Videos and GPA
4
3.5-
3-
2.5
1.5-
1+
0.5+
0
10
15
Hours watching videos
35
Part 2 of 5
(b) Compute the value of the correlation coefficient. Round your answer to at least three decimal places.
r-1.003
Part 3 of 5
(c) State the hypotheses.
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Hp 0
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Chapter 8 Solutions
Essentials Of Statistics For Business & Economics
Ch. 8.1 - A simple random sample of 40 items resulted in a...Ch. 8.1 - 2. A simple random sample of 50 items from a...Ch. 8.1 - A simple random sample of 60 items resulted in a...Ch. 8.1 - 4. A 95% confidence interval for a population mean...Ch. 8.1 - Data were collected on the amount spent by 64...Ch. 8.1 - Travel Taxes. In an attempt to assess total daily...Ch. 8.1 - Cost of Dog Ownership. Money reports that the...Ch. 8.1 - Studies show that massage therapy has a variety of...Ch. 8.1 - Cost to Repair Fire Damage. The mean cost to...Ch. 8.1 - 10. Costs are rising for all kinds of medical...
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 - A simple random sample with n = 54 provided a...Ch. 8.2 - 15. Sales personnel for Skillings Distributors...Ch. 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 - Meal Cost in Hong Kong. The mean cost of a meal...Ch. 8.2 - Automobile Insurance Premiums. The average annual...Ch. 8.2 - Telemedicine. Health insurers are beginning to...Ch. 8.2 - Movie Ticket Sales. Marvel Studios motion picture...Ch. 8.3 - 23. How large a sample should be selected to...Ch. 8.3 - The range for a set of data is estimated to be 36....Ch. 8.3 - Refer to the Scheer Industries example in Section...Ch. 8.3 - Gasoline Prices. The U.S. Energy Information...Ch. 8.3 - Salaries of Business Graduates. Annual starting...Ch. 8.3 - 28. Many medical professionals believe that eating...Ch. 8.3 - 29. Customers arrive at a movie theater at the...Ch. 8.3 - Prob. 30ECh. 8.4 - A simple random sample of 400 individuals provides...Ch. 8.4 - A simple random sample of 800 elements generates a...Ch. 8.4 - In a survey, the planning value for the population...Ch. 8.4 - At 95% confidence, how large a sample should be...Ch. 8.4 - Health-Care Survey. In the spring of 2017, the...Ch. 8.4 - According to statistics reported on CNBC, a...Ch. 8.4 - Voter Sentiment. One of the questions Rasmussen...Ch. 8.4 - 38. According to Franchise business review, over...Ch. 8.4 - In 16% of all homes with a stay-at-home parent,...Ch. 8.4 - Prob. 40ECh. 8.4 - Driver’s License Rates. Fewer young people are...Ch. 8.4 - 42. A poll for the presidential campaign sampled...Ch. 8.4 - 43. The Pew Research Center Internet Project,...Ch. 8.5 - Federal Tax Return Errors. Suppose a sample of...Ch. 8.5 - Federal Government Employee Sick Hours. According...Ch. 8.5 - Web Browser Satisfaction. Internet users were...Ch. 8.5 - Speeding Drivers. In 2017, ABC News reported that...Ch. 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 - Healthy Sleep Duration. The Centers for Disease...Ch. 8 - The Health Care Cost Institute tracks health care...Ch. 8 - Obesity. Obesity is a risk factor for many health...Ch. 8 - Prob. 54SECh. 8 - 51. In developing patient appointment schedules, a...Ch. 8 - Prob. 56SECh. 8 - 53. The National Center for Education Statistics...Ch. 8 - A USA Today/CNN/Gallup survey of 369 working...Ch. 8 - Social Media Usage. The Pew Research Center has...Ch. 8 - Prob. 60SECh. 8 - The Centers for Disease Control reported the...Ch. 8 - A well-known bank credit card firm wishes to...Ch. 8 - Credit Card Ownership. Credit card ownership...Ch. 8 - 60. Although airline schedules and cost are...Ch. 8 - Driving Speeds. Huston Systems Private Limited...Ch. 8 - Prob. 66SECh. 8 - Prob. 67SECh. 8 - Prob. 68SECh. 8 - Young Professional Magazine Young Professional...Ch. 8 - Gulf Real Estate Properties Gulf Real Estate...Ch. 8 - Metropolitan Research, Inc.
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