Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 16, Problem 25CE
To determine
State whether there is a preference for one of the two shows.
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The Condé Nast Traveler Gold List provides ratings for the top 20 small cruise ships. The data shown below are the scores each ship received based upon the results from Condé Nast Traveler's Annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a ship as excellent or very good on several criteria, including Shore Excursions and Food/Dining. An overall score was also reported and used to rank the ships. The highest ranked ship, the Seabourn Odyssey, has an overall score of 94.4, the highest component of which is 97.8 for Food/Dining.
1.Determine an estimated regression equation that can be used to predict the overall score given the score for Shore Excursions. (Round your numerical values to two decimal places. Let x1represent the Shore Excursions score and y represent the overall score.)
2.
Consider the addition of the independent variable Food/Dining. Develop the estimated regression equation that can be used to predict the overall score given…
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Chapter 16 Solutions
Statistical Techniques in Business and Economics
Ch. 16 - Prob. 1SRCh. 16 - Prob. 1ECh. 16 - Prob. 2ECh. 16 - Calorie Watchers has low-calorie breakfasts,...Ch. 16 - Prob. 4ECh. 16 - Prob. 2SRCh. 16 - Prob. 5ECh. 16 - Prob. 6ECh. 16 - Prob. 3SRCh. 16 - Prob. 7E
Ch. 16 - Prob. 8ECh. 16 - Prob. 9ECh. 16 - Prob. 10ECh. 16 - Prob. 4SRCh. 16 - Prob. 11ECh. 16 - Prob. 12ECh. 16 - Prob. 13ECh. 16 - Prob. 14ECh. 16 - Prob. 5SRCh. 16 - Prob. 15ECh. 16 - Prob. 16ECh. 16 - Prob. 17ECh. 16 - Prob. 18ECh. 16 - Prob. 19ECh. 16 - Prob. 20ECh. 16 - Prob. 6SRCh. 16 - Prob. 21ECh. 16 - Prob. 22ECh. 16 - Prob. 23ECh. 16 - Prob. 24ECh. 16 - Prob. 25CECh. 16 - Prob. 26CECh. 16 - Prob. 27CECh. 16 - Prob. 28CECh. 16 - Prob. 29CECh. 16 - Prob. 30CECh. 16 - Prob. 31CECh. 16 - Prob. 32CECh. 16 - Prob. 33CECh. 16 - Prob. 34CECh. 16 - Prob. 35CECh. 16 - Professor Bert Forman believes the students who...Ch. 16 - Prob. 37DACh. 16 - Prob. 38DACh. 16 - Prob. 39DACh. 16 - Prob. 1PCh. 16 - The manufacturer of childrens raincoats wants to...Ch. 16 - Prob. 3PCh. 16 - Prob. 4PCh. 16 - Prob. 1CCh. 16 - B. Thomas Testing Labs John Thomas, the owner of...Ch. 16 - Prob. 1.1PTCh. 16 - Prob. 1.2PTCh. 16 - Prob. 1.3PTCh. 16 - Prob. 1.4PTCh. 16 - Prob. 1.5PTCh. 16 - Prob. 1.6PTCh. 16 - Prob. 1.7PTCh. 16 - Prob. 1.8PTCh. 16 - Prob. 1.9PTCh. 16 - Prob. 1.10PTCh. 16 - Prob. 2.1PTCh. 16 - Prob. 2.2PTCh. 16 - Prob. 2.3PTCh. 16 - Prob. 2.4PT
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- The Condé Nast Traveler Gold List provides ratings for the top 20 small cruise ships. The data shown below are the scores each ship received based upon the results from Condé Nast Traveler's Annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a ship as excellent or very good on several criteria, including Shore Excursions and Food/Dining. An overall score was also reported and used to rank the ships. The highest ranked ship, the Seabourn Odyssey, has an overall score of 94.4, the highest component of which is 97.8 for Food/Dining. Shore Ship Overall Food/Dining Excursions Seabourn Odyssey 94.4 90.9 97.8 Seabourn Pride 93.0 84.2 96.7 National Geographic Endeavor 92.9 100.0 88.5 Seabourn Sojourn 91.3 94.8 97.1 Paul Gauguin 90.5 87.9 91.2 Seabourn Legend 90.3 82.1 98.8 Seabourn Spirit 90.2 86.3 92.0 Silver Explorer 89.9 92.6 88.9 Silver Spirit 89.4 85.9 90.8 Seven Seas Navigator 89.2 83.3 90.5 Silver Whisperer 89.2 82.0 88.6 National Geographic…arrow_forwardThe Condé Nast Traveler Gold List provides ratings for the top 20 small cruise ships. The data shown below are the scores each ship received based upon the results from Condé Nast Traveler's Annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a ship as excellent or very good on several criteria, including Shore Excursions and Food/Dining. An overall score was also reported and used to rank the ships. The highest ranked ship, the Seabourn Odyssey, has an overall score of 94.4, the highest component of which is 97.8 for Food/Dining. Ship Seabourn Odyssey Seabourn Pride National Geographic Endeavor Seabourn Sojourn Paul Gauguin Seabourn Legend Seabourn Spirit Silver Explorer Silver Spirit Seven Seas Navigator Silver Whisperer National Geographic Explorer Silver Cloud Celebrity Xpedition Silver Shadow Overall 94.4 93.0 92.9 91.3 90.5 90.3 90.2 89.9 89.4 89.2 89.2 89.1 88.7 87.2 87.2 Shore Excursions 90.9 84.2 100.0 94.8 87.9 82.1 86.3 92.6 85.9 83.3…arrow_forwardThe Condé Nast Traveler Gold List provides ratings for the top 20 small cruise ships. The data shown below are the scores each ship received based upon the results from Condé Nast Traveler's Annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a ship as excellent or very good on several criteria, including Shore Excursions and Food/Dining. An overall score was also reported and used to rank the ships. The highest ranked ship, the Seabourn Odyssey, has an overall score of 94.4, the highest component of which is 97.8 for Food/Dining. Ship Overall ShoreExcursions Food/Dining Seabourn Odyssey 94.4 90.9 97.8 Seabourn Pride 93.0 84.2 96.7 National Geographic Endeavor 92.9 100.0 88.5 Seabourn Sojourn 91.3 94.8 97.1 Paul Gauguin 90.5 87.9 91.2 Seabourn Legend 90.3 82.1 98.8 Seabourn Spirit 90.2 86.3 92.0 Silver Explorer 89.9 92.6 88.9 Silver Spirit 89.4 85.9 90.8 Seven Seas Navigator 89.2 83.3 90.5 Silver Whisperer 89.2 82.0…arrow_forward
- The Condé Nast Traveler Gold List provides ratings for the top 20 small cruise ships. The data shown below are the scores each ship received based upon the results from Condé Nast Traveler's Annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a ship as excellent or very good on several criteria, including Shore Excursions and Food/Dining. An overall score was also reported and used to rank the ships. The highest ranked ship, the Seabourn Odyssey, has an overall score of 94.4, the highest component of which is 97.8 for Food/Dining. Shore Ship Overall Food/Dining Excursions Seabourn Odyssey 94.4 90.9 97.8 Seabourn Pride 93.0 84.2 96.7 National Geographic Endeavor 92.9 100.0 88.5 Seabourn Sojourn 91.3 94.8 97.1 Paul Gauguin 90.5 87.9 91.2 Seabourn Legend 90.3 82.1 98.8 Seabourn Spirit 90.2 86.3 92.0 Silver Explorer 89.9 92.6 88.9 Silver Spirit 89.4 85.9 90.8 Seven Seas Navigator 89.2 83.3 90.5 Silver Whisperer 89.2 82.0 88.6 National Geographic…arrow_forwardA large apartment complex has 750 tenants. 68% of the tenants who were surveyed said they are in favor of having tennis court installed for tenants to use.arrow_forwardFor the 2010-2011 viewing season, the top five syndicated programs were Wheel of Fortune (WoF).Two and Half Men (THM). Jeopardy (Jep), Judge Judy (JJ), and the Oprah Winfrey Show (OWS) (NielsenMedia Research website, April 16, 2012). Data indicating the preferred shows for a sample of 50viewers follow.WoF Jep JJ Jep THMTHM WoF OWS Jep THMJep OWS WoF WoF WoFWoF THM OWS THM WoFTHM JJ JJ Jep THMOWS OWS JJ JJ JepJJ WoF THM WoF WoFTHM THM WoF JJ JJJep THM WoF Jep JepWoF THM OWS OWS Jepa. Are the data categorical or quantitative?b. Provide frequency, relative frequency, and percent frequency distributionc. Construct a bar chart and pie char for the data give above.d. On the basis of the sample, which television show has the largest viewing audience? Which one issecond?arrow_forward
- A random sample of 40 students from each grade level was surveyed regarding their preference for a class field trip. If there are 180 members of the 8th grade class, then what percent preferred either the museum or the sports complex? Show your work.arrow_forwardA large group of workers is divided into three departments: those who work in special operations, those who work on the main floor, and those who work in management. Strep throat has been going around and a health inspector would like to know if there is a relationship between department and having strep throat. She selects a random sample of 100 workers and classifies each one according to their department and whether they have strep throat. The data are displayed in the table. The health inspector would like to know if these data provide convincing evidence that the distribution of strep throat status differs across the departments in the population of all workers of this large company. What is the appropriate inference procedure? chi-square test for goodness of fit because the data come from one random sample chi-square test for homogeneity because the data come from independent random samples chi-square test for association/independence because the data come from one random…arrow_forwardThe owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. Weekly Television Newspaper Gross Revenue Advertising Advertising ($1,000s) ($1,000s) ($1,000s) 97 5.0 1.5 2.0 2.0 06 95 4.0 1.5 92 2.5 2.5 103 3.0 3.3 94 3.5 2.3 94 2.5 4.2 105 3.0 2.5 a. Develop an estimated regression equation with the amount of television advertising as the independent variable (to 1 decimal). Revenue = TVAdv b. Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables (to 2 decimals). Revenue = TVAdv + NVAdv c. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? - Select your answer - Interpret the coefficient in each case. In - Select your answer - :, the coefficient is an estimate of the change in revenue due to a one-unit change in…arrow_forward
- In the past, 35% of the students at ABC University were in the Business College, 35% of the students were in the Liberal Arts College, and 30% of the students were in the Education College. To see whether or not the proportions have changed, a sample of 300 students from the university was taken. Ninety of the sample students are in the Business College, 120 are in the Liberal Arts College, and 90 are in the Education College. The calculated value for the test statistic equals Question 15 options: a) 0.75 b) 4.29 c) 4.38 d) 0.01arrow_forwardA survey of Android Apps bought in the App store, indicated that 50% were related to music, 30% related to games, and 20% related to movies. Twenty percent of the music apps, 40% of the game apps, and 10% of the movie apps are free. What is the proportion of free apps available in the App store?arrow_forwardA statistical program is recommended. The Condé Nast Traveler Gold List provides ratings for the top 20 small cruise ships. The data shown below are the scores each ship received based upon the results from Condé Nast Traveler's Annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a ship as excellent or very good on several criteria, including Shore Excursions and Food/Dining. An overall score was also reported and used to rank the ships. The highest ranked ship, the Seabourn Odyssey, has an overall score of 94.4, the highest component of which is 97.8 for Food/Dining. Shore Ship Overall Food/Dining Excursions Seabourn Odyssey 94.4 90.9 97.8 Seabourn Pride 93.0 84.2 96.7 National Geographic Endeavor 92.9 100.0 88.5 Seabourn Sojourn 91.3 94.8 97.1 Paul Gauguin 90.5 87.9 91.2 Seabourn Legend 90.3 82.1 98.8 Seabourn Spirit 90.2 86.3 92.0 Silver Explorer 89.9 92.6 88.9 Silver Spirit 89.4 85.9 90.8 Seven Seas Navigator 89.2 83.3 90.5 Silver Whisperer…arrow_forward
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