a. The following data represent crime rates per 1000 population for a random sample of 46 Denver neighborhoods.†
63.2 | 36.3 | 26.2 | 53.2 | 65.3 | 32.0 | 65.0 |
66.3 | 68.9 | 35.2 | 25.1 | 32.5 | 54.0 | 42.4 |
77.5 | 123.2 | 66.3 | 92.7 | 56.9 | 77.1 | 27.5 |
69.2 | 73.8 | 71.5 | 58.5 | 67.2 | 78.6 | 33.2 |
74.9 | 45.1 | 132.1 | 104.7 | 63.2 | 59.6 | 75.7 |
39.2 | 69.9 | 87.5 | 56.0 | 154.2 | 85.5 | 77.5 |
84.7 | 24.2 | 37.5 | 41.1 |
Let us say the preceding data are representative of the population crime rates in Denver neighborhoods. Compute an 80% confidence interval for ?, the population
lower limit | ____ crimes per 1000 people |
upper limit | _____ crimes per 1000 people |
Compute a 95% confidence interval for ?, the population mean crime rate for all Denver neighborhoods. (Round your answers to one decimal place.)
lower limit | _____crimes per 1000 people |
upper limit | ______ crimes per 1000 people |
b. The price of a share of stock divided by the company's estimated future earnings per share is called the P/E ratio. High P/E ratios usually indicate "growth" stocks, or maybe stocks that are simply overpriced. Low P/E ratios indicate "value" stocks or bargain stocks. A random sample of 51 of the largest companies in the United States gave the following P/E ratios†.
lower limit | |
upper limit |
Find a 99% confidence interval for the P/E population mean ? of all large U.S. companies. (Round your answers to one decimal place.)
lower limit | |
upper limit |
c. The home run percentage is the number of home runs per 100 times at bat. A random sample of 43 professional baseball players gave the following data for home run percentages.
1.6 | 2.4 | 1.2 | 6.6 | 2.3 | 0.0 | 1.8 | 2.5 | 6.5 | 1.8 |
2.7 | 2.0 | 1.9 | 1.3 | 2.7 | 1.7 | 1.3 | 2.1 | 2.8 | 1.4 |
3.8 | 2.1 | 3.4 | 1.3 | 1.5 | 2.9 | 2.6 | 0.0 | 4.1 | 2.9 |
1.9 | 2.4 | 0.0 | 1.8 | 3.1 | 3.8 | 3.2 | 1.6 | 4.2 | 0.0 |
1.2 | 1.8 | 2.4 |
Compute a 90% confidence interval for the population mean ? of home run percentages for all professional baseball players. Hint: If you use the Student's t distribution table, be sure to use the closest d.f. that is smaller. (Round your answers to two decimal places.)
lower limit | ____ % |
upper limit | _____ % |
Compute a 99% confidence interval for the population mean ? of home run percentages for all professional baseball players. (Round your answers to two decimal places.)
lower limit | ____% |
upper limit | ____ % |
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- 3. Consider the following set of data, which represents a simple random sample of heights (in inches) of full-grown corn plants in Horseyetown, WI: (78.5, 88.8, 76.2, 73.0, 79.5, 66.9, 72.4, 86.6, 67.6, 73.5, 72.6, 72.6, 80.0, 69.1, 79.1, 73.9, 72.3, 83.3, 64.3, 69.1) Round your answers to 2 decimal places. A. Calculate the range. B. Calculate the sample mean. C. Calculate sample statistics to estimate the population standard deviation and variance of all full-grown corn plants in Horseyetown, WI.arrow_forwardThe following data represent crime rates per 1000 population for a random sample of 46 Denver neighborhoods.t 63.2 36.3 26.2 53.2 65.3 32.0 65.0 66.3 68,9 35.2 25.1 32.5 54.0 42.4 77.5 123.2 66.3 92.7 569 77.1 67.2 78.6 33.2 27.5 69.2 73.8 71.5 58.5 74.9 45.1 132.1 104.7 63.2 59.6 75.7 39.2 69.9 87.5 56.0 154.2 85.5 77.5 84.7 24.2 37.5 41.1 n USE SALT (a) Use a calculator with mean and sample standard deviation keys to find the sample mean x and sample standard deviation s. (Round your answers to four decimal places.) crimes per 1000 people S = crimes per 1000 people (b) Let us say the preceding data are representative of the population crime rates in Denver neighborhoods. Compute an 80% confidence interval for u, the population mean crime rate for all Denver neighborhoods. (Round your answers to one decimal place.) lower limit crimes per 1000 people upper limit crimes per 1000 people (c) Suppose you are advising the police department about police patrol assignments. One neighborhood…arrow_forward4. Given the following 25 sample observations: 5.3, 6.1, 6.7, 6.8, 6.9, 7.2, 7.6, 7.9, 8.1, 8.9, 9.0, 9.2, 9.4, 9.7, 10.1, 10.4, 10.6, 10.8, 11.3, 11.4, 12.0, 12.1, 12.3, 12.5, 13.2 And let Y₁, Y2,, Y be the order statistics for this sample A) The interval (Y9, Y16) could serve as distribution-free estimate of the median, m, of the population. Find the confidence coefficient of this interval. (6 points) B) The interval (Y3, Y10) be a confidence interval for π 25. Determine this confidence interval and, Using Table II in Appendix B of the textbook. Determine the confidence coefficient of this interval.arrow_forward
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