An Introduction to Statistical Methods and Data Analysis
7th Edition
ISBN: 9781305269477
Author: R. Lyman Ott, Micheal T. Longnecker
Publisher: Cengage Learning
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Chapter 3.11, Problem 58SE
The most widely reported index of the performance of the New York Stock Exchange (NYSE) is the Dow Jones Industrial Average (DJIA). This index is computed from the stock prices of 30 companies. When the DJIA was invented in 1896, the index was the average price of 12 stocks. The index was modified over the years as new companies were added and dropped from the index and was also altered to reflect when a company splits its stock. The closing New York Stock Exchange (NYSE) prices for the 30 components (as of June 19, 2014) of the DJIA are given in the following table.
- a. Compute the average price of the 30 stock prices in the DJIA.
- b. The DJIA is no longer an average; the name includes the word “average” only for historical reasons. The index is computed by summing the stock prices and dividing by a constant, which is changed when stocks are added or removed from the index and when stocks split.
DJIA=∑30i=1yiC
where yi is the closing price for stock i and C = 0.155625. Using the stock prices given, compute the DJIA for June 19, 2014.
- c. The DJIA is a summary of data. Does the DJIA provide information about a population using sampled data? If so, to what population? Is the sample a random sample?
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The following table indicates the unit prices (in Rands) and quantities of three consumer products
to be held in a supermarket warehouse in Lenasia over the time period from April to July 2025.
APRIL 2025
JULY 2025
PRODUCT
Unit Price (po)
Quantity (q0))
Unit Price (p₁)
Quantity (q1)
Mineral Water
R23.70
403
R25.70
423
H&S Shampoo
R77.00
922
R79.40
899
Toilet Paper
R106.50
725
R104.70
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Chapter 3 Solutions
An Introduction to Statistical Methods and Data Analysis
Ch. 3.11 - The U.S. government spent more than $3.6 trillion...Ch. 3.11 - The type of vehicle the U.S public purchases...Ch. 3.11 - It has been reported that there has been a change...Ch. 3.11 - The regulations of the board of health in a...Ch. 3.11 - The National Highway Traffic Safety Administration...Ch. 3.11 - Prob. 6ECh. 3.11 - The survival times (in months) for two treatments...Ch. 3.11 - Combine the data from the separate therapies in...Ch. 3.11 - Prob. 9ECh. 3.11 - The following table presents homeownership rates,...
Ch. 3.11 - Prob. 11ECh. 3.11 - Prob. 12ECh. 3.11 - A supplier of high-quality audio equipment for...Ch. 3.11 - Prob. 14ECh. 3.11 - Compute the mean, median, and mode for the...Ch. 3.11 - Prob. 16ECh. 3.11 - Prob. 17ECh. 3.11 - Prob. 18ECh. 3.11 - A study of the reliability of buses [Large Sample...Ch. 3.11 - Prob. 20ECh. 3.11 - Prob. 21ECh. 3.11 - A study of the survival times, in days, of skin...Ch. 3.11 - Prob. 23ECh. 3.11 - Prob. 24ECh. 3.11 -
Refer to Exercise 3.24. Average the three group...Ch. 3.11 -
Pushing economy and wheelchair-propulsion...Ch. 3.11 - Prob. 27ECh. 3.11 - Prob. 28ECh. 3.11 -
The treatment times (in minutes) for patients at...Ch. 3.11 - To assist in estimating the amount of lumber in a...Ch. 3.11 -
Consumer Reports in its June 1998 issue reports...Ch. 3.11 - Many marine phanerogam species are highly...Ch. 3.11 - Prob. 33ECh. 3.11 - The following data are the resting pulse rates for...Ch. 3.11 - Consumer Reports in its May 1998 issue provides...Ch. 3.11 - Prob. 36ECh. 3.11 - Prob. 37ECh. 3.11 - Prob. 38ECh. 3.11 - In the paper “Demographic Implications of...Ch. 3.11 - Prob. 40ECh. 3.11 - Prob. 41ECh. 3.11 - Prob. 42ECh. 3.11 - Prob. 43SECh. 3.11 - Prob. 44SECh. 3.11 - Prob. 45SECh. 3.11 - Prob. 46SECh. 3.11 - Prob. 47SECh. 3.11 - Prob. 48SECh. 3.11 - A random sample of 90 standard metropolitan...Ch. 3.11 - Prob. 50SECh. 3.11 - Prob. 51SECh. 3.11 - Prob. 52SECh. 3.11 - Prob. 53SECh. 3.11 - The Insurance Institute for Highway Safety...Ch. 3.11 - Prob. 55SECh. 3.11 - Prob. 56SECh. 3.11 -
Federal authorities have destroyed considerable...Ch. 3.11 - The most widely reported index of the performance...Ch. 3.11 - As one part of a review of middle-manager...Ch. 3.11 - Prob. 60SECh. 3.11 - Prob. 61SECh. 3.11 - Prob. 62SECh. 3.11 - The correlations computed for the six variables in...Ch. 3.11 - Prob. 64SECh. 3.11 - Prob. 65SECh. 3.11 - Prob. 66SECh. 3.11 - Prob. 67SECh. 3.11 - Prob. 68SECh. 3.11 - Prob. 69SECh. 3.11 - Prob. 70SECh. 3.11 - Prob. 71SECh. 3.11 -
Refer to the data in Exercise 3.69.
Construct a...Ch. 3.11 - Prob. 73SECh. 3.11 - Prob. 74SECh. 3.11 - Prob. 75SECh. 3.11 - Prob. 76SECh. 3.11 - Prob. 77SECh. 3.11 - Prob. 78SECh. 3.11 - Prob. 79SECh. 3.11 - Prob. 80SE
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