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Statistics for Business: Decision Making and Analysis, 3rd Edition
book

Statistics for Business: Decision Making and Analysis, 3rd Edition

by Robert Stine, Dean Foster
January 2017
Beginner
882 pages
203h 41m
English
Pearson
Content preview from Statistics for Business: Decision Making and Analysis, 3rd Edition

You Do It

  1. 35.

    1. 1

    2. 50

    3. 4(100/50) = 8

    4. 0.00468

  2. 37.

    1. 4

    2. 40

    3. (100 + 25 + 25 + 25 + 225)/40 = 10

    4. 0.0404

  3. 39.

    1. (0 + 20 + 2 × 9 + 3 × 14 + 4 × 5)/60 ≈ 1.667

    2. 60 × exp(− 1.667) ≈ 11.33

    3. 5 − 1 − 1 = 3

    4. 6.16 (P(4 or more) = 0.0883)

    5. 0.104

  4. 41.

    1. χ2 = 9.345, p = 0.025 (3 df)

    2. Long-term customers make significantly different types of complaints than recent customers do. Long-term customers complain more often about billing errors, and complain less often about salespeople.

  5. 43.

    1. Not normal (fat tails)

    2. Expected counts become too small for χ2.

    3. χ2 = 49.16, with p-value 0.

    4. Yes

    5. Plot does not require conversion to categories; χ2 gives a p-value so we can draw a conclusion.

  6. 45.

    1. Large values of χ2 indicate that the percentage of holes scored better or worse than par differ ...

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Publisher Resources

ISBN: 9780136759102