Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Textbook Question
Chapter 6, Problem 21PS
The file CD Rate contains the yields for a one-year certificate of deposit (CD) and a five-year CD for 39 banks listed for West Palm Beach, Florida on January 9, 2017.
For each type of investment, decide whether the data appear to be approximately
a. comparing data characteristics to theoretical properties.
b. constructing a normal
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2. Consider the negative binomial distribution with parameters r,p and having pmf
nb(x;r,p) =
Ꮖ
(* + r − ¹) p*(1 − p)²
p'(1-p) x = 0, 1, 2, 3, … ….
(a) Supposer 2, then show that
T-1
p =
X+r−1
is an unbiased estimator for p. (Hint: write out E(p), then cancel out x+r −1 inside
the sum).
(b) A reporter wishing to interview five individuals who support a certain candidate (for
presidency?) begins asking people whether they support (S) or not support (F) the can-
didate.
If they observe the following sequence of responses SFFSfffffffffffSSS, esti-
mate p the true proportion of people who support the candidate.
How does the estimate change if the following sequence of responses were observed
ssssfffffffffffffs.
Does it matter to the estimate when the first four S's appear in the sequence of responses?
The overall distance traveled by a golf ball is tested by hitting the ball with Iron Byron, a
mechanical golfer with a swing that is said to emulate the distance hit by the legendary champion
Byron Nelson. Ten randomly selected balls of two different brands are tested and the overall
distance measured.
Brand 1: 275, 286, 287, 271, 283, 271, 279, 275, 263, 267
Brand 2: 258, 244, 260, 265, 273, 281, 271, 270, 263, 268
a) Is there evidence to support the claim that the standard deviation of overall distance is the
same for both brands of balls (use α = 0.05)?
b) Is there evidence to support the claim that the mean of the overall distance is the same for
both brands of balls (use α = 0.05)?
Chapter 6 Solutions
Basic Business Statistics, Student Value Edition
Ch. 6 - Given a standardized normal distribution (with a...Ch. 6 - Given a standard normal distribution (with a mean...Ch. 6 - Given a standardized normal distribution (with a...Ch. 6 - Given a standardized normal distribution (with a...Ch. 6 - Given a normal distribution with =100 and =10,...Ch. 6 - Given a normal distribution with =50 and =4, what...Ch. 6 - In 2015, the per capita consumption of bottled...Ch. 6 - Toby’s Trucking Company determined that the...Ch. 6 - Millennials spent an average of $103 on monthly...Ch. 6 - A Set of final examination grades in an...
Ch. 6 - A Nielsen study indicates that 18-to 34-year olds...Ch. 6 - In 2015, the per capita consumption of soft drinks...Ch. 6 - Many manufacturing problems involve the matching...Ch. 6 - Show that for a sample of n=39, the smallest and...Ch. 6 - For a sample of n=6, list the six Z values.Ch. 6 - The annual NFL Super Bowl is the most widely...Ch. 6 - As player salaries have increased, the cost of...Ch. 6 - The file Property Taxes contains the property...Ch. 6 - Prob. 19PSCh. 6 - One operation of a mill is to cut pieces of steel...Ch. 6 - The file CD Rate contains the yields for a...Ch. 6 - The file Utility contains the electricity costs,...Ch. 6 - Suppose you select one value from a uniform...Ch. 6 - The time between arrivals of customer at a bank...Ch. 6 - A study of the time spent shopping in a...Ch. 6 - Prob. 26PSCh. 6 - The Scheduled commuting time on the Long Island...Ch. 6 - Prob. 28PSCh. 6 - Prob. 29PSCh. 6 - Prob. 30PSCh. 6 - Prob. 31PSCh. 6 - Prob. 32PSCh. 6 - An industrial sewing machine uses ball bearing...Ch. 6 - The fill amount in 2-liter soft drink bottles is...Ch. 6 - In an effort to reduce the number of bottles that...Ch. 6 - Prob. 36PSCh. 6 - The file DomesticBeer Contains the percentage...Ch. 6 - Prob. 38PSCh. 6 - The major stock market indexes had strong results...Ch. 6 - Interns report that when deciding on where to...Ch. 6 - According to the same Glassdoor source mentioned...
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