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examination.
a. What is the probability a vacationer will visit at least one of these attractions?
(Round your answer to 2 decimal places.)
b. What is the probability .35 called?
c. Are the events mutually exclusive?
Chapter 5 Exercise 34
P(A1) = .20, P(A2) = .40, and P(A3) = .40. P(B1|A1) = .25. P(B1|A2) = .05, and
P(B1|A3) = .10.
Use Bayes' theorem to determine P(A3|B1). (Round your answer to 4 decimal
places.)
Chapter 5 Exercise 40
Solve the following:
a. 20!
17!
b. 9P3
c. 7C2
Chapter 6 Exercise 4
Which of these variables are discrete and which are continuous random variables?
a. The number of new accounts established by a salesperson in a year.
b. The time between customer arrivals to a bank ATM.
c. The number of customers in Big Nicks barber shop.
d. The amount of fuel in your cars gas tank.
In a sample of four items, what is the probability that exactly three are acceptable?
Assume the samples are drawn without replacement. (Round your answer to 4
decimal places.)
Chapter 7 Exercise 4
According to the Insurance Institute of America, a family of four spends between
$400 and $3,800 per year on all types of insurance. Suppose the money spent is
uniformly distributed between these amounts.
a. What is the mean amount spent on insurance?
b. What is the standard deviation of the amount spent? (Round your answer to 2
decimal places.)
c. If we select a family at random, what is the probability they spend less than
$2,000 per year on insurance per year? (Round your answer to 4 decimal places.)
d. What is the probability a family spends more than $3,000 per year? (Round your
answer to 4 decimal places.)
Chapter 7 Exercise 10
The mean of a normal probability distribution is 60; the standard deviation is 5.
(Round your answers to 2 decimal places.)
a. About what percent of the observations lie between 55 and 65?
b. About what percent of the observations lie between 50 and 70?
c. About what percent of the observations lie between 45 and 75?
Chapter 7 Exercise 14
A normal population has a mean of 12.2 and a standard deviation of 2.5.
a. Compute the z value associated with 14.3. (Round your answer to 2 decimal
places.)
b. What proportion of the population is between 12.2 and 14.3? (Round your
answer to 4 decimal places.)
c. What proportion of the population is less than 10.0? (Round your answer to 4
decimal places.)
Chapter 7 Exercise 18
A normal population has a mean of 80.0 and a standard deviation of 14.0.
a. Compute the probability of a value between 75.0 and 90.0. (Round intermediate
calculations to 2 decimal places. Round final answer to 4 decimal places.)
b. Compute the probability of a value of 75.0 or less. (Round intermediate
calculations to 2 decimal places. Round final answer to 4 decimal places.)
c. Compute the probability of a value between 55.0 and 70.0. (Round intermediate
calculations to 2 decimal places. Round final answer to 4 decimal places.)
Chapter 7 Exercise 28
For the most recent year available, the mean annual cost to attend a private
university in the United States was $26,889. Assume the distribution of annual
costs follows the normal probability distribution and the standard deviation is
$4,500.
Ninety-five percent of all students at private universities pay less than what
amount? (Round z value to 2 decimal places and your final answer to the nearest
whole number.)
QNT 561 Week 3 Weekly Learning Assessments
Chapter 8 Exercise 2
The following is a list of 29 hospitals in the Cincinnati (Ohio) and Northern
Kentucky region. The hospitals are identified by numbering them 00 through 28.
Also included is whether the hospital is a general medical/surgical hospital (M/S)
or a specialty hospital (S). We are interested in estimating the average number of
full- and part-time nurses employed in the area hospitals.
5
A sample of five hospitals is to be randomly selected. The random numbers are 09,
16, 00, 49, 54, 12, and 04. Which hospitals are included in the sample? (Select
hospital names included in sample in numerical order.)
A sample is to consist of every fifth location. We select 02 as the starting point.
Which hospitals will be included in the sample? (Hint: Enter the ID number used
to identify the hospitals) (Select hospital names included in sample in numerical
order.)
Chapter 8 Exercise 8
A population consists of the following five values: 2, 2, 4, 5, 6.
a. List all samples of size 3, and compute the mean of each sample. (Round sample
means to 2 decimal places.)
Sample
Values
2, 2, 4
2, 2, 5
2, 2, 6
2, 4, 5
2, 4, 6
2, 5, 6
2, 4, 5
2, 4, 6
2, 5, 6
10
Sum
Mean
4, 5, 6
b. Compute the mean of the distribution of sample means and the population mean.
(Round your answers to 1 decimal place.)
6
Chapter 8 Exercise 12
Scrapper Elevator Caompany has 20 sales representatives who sell its product
throughout the United States and Canada. The number of units sold last month by
each representative is listed below. Assume these sales figures to be the population
values.
2
Chapter 9 Exercise 4
Suppose you know and you want an 85% confidence level. What value would
you use as z in formula of confidence interval for a population mean? (Round your
answer to 2 decimal places.)
Chapter 9 Exercise 6
7
A research firm conducted a survey to determine the mean amount steady smokers
spend on cigarettes during a week. They found the distribution of amounts spent
per week followed the normal distribution with a population standard deviation of
$5. A sample of 64 steady smokers revealed that . formula233.mml.
a. What is the 95% confidence interval estimate of formula22.mml ? (Round your
answers to 3 decimal places.)
Chapter 9 Exercise 10
Use Appendix B.5 to locate the value of t under the following conditions. (Round
your answers to 3 decimal places.)
a. The sample size is 15 and the level of confidence is 95%.
b. The sample size is 24 and the level of confidence is 98%.
c. The sample size is 12 and the level of confidence is 90%.
Chapter 9 Exercise 26
Past surveys reveal that 30% of tourists going to Las Vegas to gamble spend more
than $1,000. The Visitors Bureau of Las Vegas wants to update this percentage.
a. The new study is to use the 90% confidence level. The estimate is to be within
1% of the population proportion. What is the necessary sample size? (Round your
answer to the next whole number.)
b. The Bureau feels the sample size determined above is too large. What can be
done to reduce the sample? Based on your suggestion, recalculate the sample size.
(Hint: Use an allowable error in the range of 0.01 to 0.05) (Round your answer to
the next whole number.)
Chapter 9 Exercise 28
8
Forty-nine items are randomly selected from a population of 500 items. The
sample mean is 40 and the sample standard deviation 9.
Develop a 99% confidence interval for the population mean. (Round your answers
to 3 decimal places.)
QNT 561 Week 4 Weekly Learning Assessments
Chapter 10 Exercise 2
[The following information applies to the questions displayed below.]
A sample of 36 observations is selected from a normal population. The sample
mean is 12, and the population standard deviation is 3. Conduct the following test
of hypothesis using the 0.01 significance level
H0: 10
H1: > 10
1. Award: 10 out of 10.00 points
a. Is this a one- or two-tailed test?
b. What is the decision rule?
c. What is the value of the test statistic?
d. What is your decision regarding H0?
e. What is the p-value?
Chapter 10 Exercise 10
Given the following hypotheses:
H0 : = 400
H1 : 400
9
Chapter 10 Exercise 12
The management of White Industries is considering a new method of assembling
its golf cart. The present method requires 42.3 minutes, on the average, to assemble
a cart. The mean assembly time for a random sample of 24 carts, using the new
method, was 40.6 minutes, and the standard deviation of the sample was 2.7
minutes. Using the .10 level of significance, can we conclude that the assembly
time using the new method is faster?
a. What is the decision rule? (Negative amount should be indicated by a minus
sign. Round your answer to 3 decimal places.)
b. Compute the value of the test statistic. (Negative amount should be indicated by
a minus sign. Round your answer to 3 decimal places.)
c. What is your decision regarding H0?
Chapter 10 Exercise 16
A random sample of six resulted in the following values: 118, 105, 112, 119, 105,
and 111. Assume a normal population.
a. Using the .05 significance level, determine the decision rule? (Negative
amounts should be indicated by a minus sign. Round your answers to 3 decimal
places.)
b. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
c-1. What is your decision regarding the H0?
c-2. Can we conclude the mean is different from 100?
d. Estimate the p-value.
Chapter 11 Exercise 2
A sample of 65 observations is selected from one population with a population
standard deviation of 0.75. The sample mean is 2.67. A sample of 50 observations
is selected from a second population with a population standard deviation of 0.66.
The sample mean is 2.59. Conduct the following test of hypothesis using the .08
significance level.
H0 : 1 2
H1 : 1 > 2
a. This a -tailed test.
b. State the decision rule. (Negative values should be indicated by a minus sign.
Round your answer to 2 decimal places.)
c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
d. What is your decision regarding H0?
e. What is the p-value? (Round your answer to 4 decimal places.)
11
Chapter 11 Exercise 8
Chapter 11 Exercise 14
b. State the decision rule for .05 significance level. (Round your answer to 3
decimal places.)
c. Compute the value of the test statistic. (Round your answer to 3 decimal places.)
d. What is your decision regarding the null hypothesis? Use the .05 significance
level.
Chapter 12 Exercise 8
The following are six observations collected from treatment 1, four observations
collected from treatment 2, and five observations collected from treatment 3. Test
the hypothesis at the 0.05 significance level that the treatment means are equal.
Treatment1
Treatment 2
Treatment 3
13
10
20
11
14
15
13
14
12
15
10
a. State the null and the alternate hypothesis.
Ho :
H1 : Treatment means are all the same.
b. What is the decision rule? (Round your answer to 2 decimal places.)
c. Compute SST, SSE, and SS total. (Round your answers to 2 decimal places.)
d. Complete the ANOVA table. (Round SS, MS and F values to 2 decimal places.)
e. State your decision regarding the null hypothesis.
13
Chapter 12 Exercise 14
A stock analyst wants to determine whether there is a difference in the mean rate of
return for three types of stock: utility, retail, and banking stocks. The following
output is obtained:
a. Using the .05 level of significance, is there a difference in the mean rate of
return among the three types of stock?
b. Can the analyst conclude there is a difference between the mean rates of return
for utility and retail stocks? For utility and banking stocks? For banking and retail
stocks? Explain.
Chapter 12 Exercise 18
There are three hospitals in the Tulsa, Oklahoma, area. The following data show
the number of outpatient surgeries performed on Monday, Tuesday, Wednesday,
Thursday, and Friday at each hospital last week. At the 0.05 significance level, can
we conclude there is a difference in the mean number of surgeries performed by
hospital or by day of the week?
Number of Surgeries Performed
Day
St. Luke's
St. Vincent
Mercy
Monday
14
18
14
24
Tuesday
20
24
14
Wednesday
16
22
14
Thursday
18
20
22
Friday
20
28
24
15
2. Alternative hypothesis
H1: Not all means are
3. For blocks:
Null hypothesis
H0: Mon = Tue = Wed = Thu =
4. Alternative hypothesis
H1: Not all means are
5. State the decision rule for .05 significance level. (Round your answers to 2
decimal places.)
For Treatment:
Reject H0 if F>
For blocks:
Reject H0 if F>
16
Sales
Contacts,
thousands),
($ thousands),
X
Y
Number of
Y
14
Contacts,
($
X
24
30
17
23
12
14
48
20
28
50
16
30
55
46
80
50
90
85
120
110
a. Determine the regression equation. (Negative amounts should be indicated by a
minus sign. Do not round intermediate calculations. Round final answers to 2
decimal places.)
b. Determine the estimated sales if 40 contacts are made.(Do not round
intermediate calculations. Round final answers to 2 decimal places.)
Chapter 13 Exercise 18
We are studying mutual bond funds for the purpose of investing in several funds.
For this particular study, we want to focus on the assets of a fund and its five-year
performance. The question is: Can the five-year rate of return be estimated based
on the assets of the fund? Nine mutual funds were selected at random, and their
assets and rates of return are shown below.
Assets
Return
($ millions)
(%)
Assets
Return
Fund
millions)
Fund
($
(%)
$622.20
10.8
MFS Bond A
Babson Bond L
9.5
160.4
11.3
Nichols Income
Compass Capital
18
$494.50
158.3
Fixed Income
275.7
11.4
T. Rowe Price
Short-term
681
Thompson Income B
241.3
8.2
Galaxy Bond Retail
6.8
433.2
9.1
437.9
9.2
Chapter 13 Exercise 30
On the first statistics exam, the coefficient of determination between the hours
studied and the grade earned was 80%. The standard error of estimate was 10.
There were 20 students in the class. Develop an ANOVA table for the regression
analysis of hours studied as a predictor of the grade earned on the first statistics
exam.
Source
DF
SS
MS
Regression
Error
Total
19
Age (years)
Selling Car
Age (years)
Price ($000)
1
7.6
8.1
2
8.0
6.0
11
3
8.0
11
3.6
10
4
6.0
12
4.0
10
12
5
8.6
5.0
11
6
8.0
10.0
12
a. If we want to estimate selling price on the basis of the age of the car, which
variable is the dependent variable and which is the independent variable?
b-1. Determine the correlation coefficient. (Negative amounts should be indicated
by a minus sign. Round your answers to 3 decimal places.)
b-2. Determine the coefficient of determination. (Round your answer to 3 decimal
places.)
c. Interpret the correlation coefficient. Does it surprise you that the correlation
coefficient is negative? (Round your answer to nearest whole number.)
20
Chapter 13 Exercise 12
The Student Government Association at Middle Carolina University wanted to
demonstrate the relationship between the number of beers a student drinks and his
or her blood alcohol content (BAC). A random sample of 18 students participated
in a study in which each participating student was randomly assigned a number of
12-ounce cans of beer to drink. Thirty minutes after they consumed their assigned
number of beers, a member of the local sheriffs office measured their blood
alcohol content. The sample information is reported below.
Student
BAC
Beers
BAC
Student
Beers
1
0.07
0.1
10
2
0.05
0.09
11
3
0.08
0.09
12
4
0.04
0.1
13
5
0.07
0.1
14
6
0.06
0.07
15
7
0.12
0.1
16
8
0.05
0.12
17
9
0.02
0.09
18
21
c-2. Compute the value of the test statistic. (Round your answer to 2 decimal
places.)
c-3. What is the p-value? (Hint: use your analysis software) (Round p-value to 4
decimal places.)
c-4. At the .01 significance level, is it reasonable to conclude that there is a
positive relationship in the population between the number of beers consumed and
the BAC?
Chapter 13 Exercise 14
The following sample observations were randomly selected.
a. Determine the regression equation. (Negative amounts should be indicated by a
minus sign. Round your answers to 3 decimal places.)
22
Car
Age (years)
1
7.6
8.1
2
8
11
3
8
11
3.6
10
4
6
12
10
12
5
8.6
11
6
8
10
12
The regression equation is, the sample size is 12, and the standard error of the
slope is 0.23. Use the .05 significance level. Can we conclude that the slope of the
regression line is less than zero?
Chapter 13 Exercise 26
The owner of Maumee Ford-Mercury-Volvo wants to study the relationship
between the age of a car and its selling price. Listed below is a random sample of
12 used cars sold at the dealership during the last year.
Car
Age (years)
8.1
6.0
11
3.6
12
4.0
5.0
10.0
7.6
11
8.0
10
8.0
10
12
6.0
11
8.6
12
8.0
Chapter 14 Exercise 2
Thompson Photo Works purchased several new, highly sophisticated processing
machines. The production department needed some guidance with respect to
qualifications needed by an operator. Is age a factor? Is the length of service as an
operator (in years) important? In order to explore further the factors needed to
estimate performance on the new processing machines, four variables were listed:
24
Performance
Prior
on New
On-the-Job
Machine,
Performance,
Length of
Time in
Aptitude
Industry,
Age,
Score,
Name
X2
Y
X3
X1
Mike Miraglia
121
112
52
12
Sue Trythall
123
113
27
X4
25
312
380
d. As age increases by one year, how much does estimated performance on the new
machine increase? (Round your answer to 3 decimal places.)
e. Carl Knox applied for a job at Photo Works. He has been in the business for 6
years and scored 280 on the mechanical aptitude test. Carls prior on-the-job
performance rating is 97, and he is 35 years old. Estimate Carls performance on
the new machine. (Round your answer to 3 decimal places.)
Chapter 14 Exercise 6
Consider the ANOVA table that follows.
Analysis of Variance Source
MS
F
Regression
742
DF
SS
5
3710
12.89
Residual Error
2647.38 57.55
46
Total
6357.38
51
a-1. Determine the standard error of estimate. (Round your answer to 2 decimal
places.)
a-2. About 95% of the residuals will be between what two values? (Round your
answers to 2 decimal places.)
b-1. Determine the coefficient of multiple determination. (Round your answer to 3
decimal places.)
b-2. Determine the percentage variation for the independent variables. (Round your
answer to 1 decimal place. Omit the "%" sign in your response.)
c. Determine the coefficient of multiple determination, adjusted for the degrees of
freedom. (Round your answer to 3 decimal places.)
26
Chapter 14 Exercise 8
The following regression output was obtained from a study of architectural firms.
The dependent variable is the total amount of fees in millions of dollars.
Predictor
Co eff
SE Co eff
&n
Age (years)
Selling Car
Age (years)
Price ($000)
1
7.6
8.1
2
8.0
6.0
11
3
8.0
11
3.6
10
4
6.0
12
4.0
10
12
5
8.6
5.0
11
6
8.0
10.0
12
a. If we want to estimate selling price on the basis of the age of the car, which
variable is the dependent variable and which is the independent variable?
27
Chapter 13 Exercise 12
The Student Government Association at Middle Carolina University wanted to
demonstrate the relationship between the number of beers a student drinks and his
or her blood alcohol content (BAC). A random sample of 18 students participated
in a study in which each participating student was randomly assigned a number of
12-ounce cans of beer to drink. Thirty minutes after they consumed their assigned
number of beers, a member of the local sheriffs office measured their blood
alcohol content. The sample information is reported below.
Student
BAC
Beers
BAC
Student
Beers
1
0.07
0.1
10
2
0.05
0.09
11
3
0.08
0.09
12
4
0.04
0.1
13
5
0.07
0.1
14
28
6
0.06
0.07
15
7
0.12
0.1
16
8
0.05
0.12
17
9
0.02
0.09
18
Picture
Picture
Picture
Picture
b. Fill in the blanks below. (Round your answers to 3 decimal places.)
c. Determine the coefficient of correlation and coefficient of determination. (Round
your answers to 3 decimal places.)
c-1. State the decision rule for .01 significance level: H0: 0; H1: > 0. (Round
your answer to 3 decimal places.)
c-2. Compute the value of the test statistic. (Round your answer to 2 decimal
places.)
c-3. What is the p-value? (Hint: use your analysis software) (Round p-value to 4
decimal places.)
29
Chapter 13 Exercise 14
The following sample observations were randomly selected.
a. Determine the regression equation. (Negative amounts should be indicated by a
minus sign. Round your answers to 3 decimal places.)
Chapter 13 Exercise 22
Car
Age (years)
Selling Price ($000)
Car
Age (years)
1
7.6
8.1
2
8
11
3
8
11
3.6
30
10
4
6
12
10
12
5
8.6
11
6
8
10
12
The regression equation is, the sample size is 12, and the standard error of the
slope is 0.23. Use the .05 significance level. Can we conclude that the slope of the
regression line is less than zero?
Chapter 13 Exercise 26
The owner of Maumee Ford-Mercury-Volvo wants to study the relationship
between the age of a car and its selling price. Listed below is a random sample of
12 used cars sold at the dealership during the last year.
Car
Age (years)
8.1
6.0
11
3.6
12
4.0
5.0
10.0
7.6
11
8.0
10
8.0
31
10
12
6.0
11
8.6
12
8.0
Chapter 14 Exercise 2
Thompson Photo Works purchased several new, highly sophisticated processing
machines. The production department needed some guidance with respect to
qualifications needed by an operator. Is age a factor? Is the length of service as an
operator (in years) important? In order to explore further the factors needed to
estimate performance on the new processing machines, four variables were listed:
X1 = Length of time an employee was in the industry
X2 = Mechanical aptitude test score
X3 = Prior on-the-job rating
X4 = Age
Performance on the new machine is designated y.
Thirty employees were selected at random. Data were collected for each, and their
performances on the new machines were recorded. A few results are:
Mechanical
Performance
Prior
Length of
32
on New
On-the-Job
Machine,
Performance,
Time in
Aptitude
Industry,
Age,
Score,
Name
X2
Y
X3
X1
Mike Miraglia
121
112
52
12
Sue Trythall
123
113
27
X4
312
380
e. Carl Knox applied for a job at Photo Works. He has been in the business for 6
years and scored 280 on the mechanical aptitude test. Carls prior on-the-job
performance rating is 97, and he is 35 years old. Estimate Carls performance on
the new machine. (Round your answer to 3 decimal places.)
33
Chapter 14 Exercise 6
DF
SS
5
3710
12.89
Residual Error
2647.38 57.55
46
Total
6357.38
51
a-1. Determine the standard error of estimate. (Round your answer to 2 decimal
places.)
a-2. About 95% of the residuals will be between what two values? (Round your
answers to 2 decimal places.)
b-1. Determine the coefficient of multiple determination. (Round your answer to 3
decimal places.)
b-2. Determine the percentage variation for the independent variables. (Round your
answer to 1 decimal place. Omit the "%" sign in your response.)
c. Determine the coefficient of multiple determination, adjusted for the degrees of
freedom. (Round your answer to 3 decimal places.)
Chapter 14 Exercise 8
The following regression output was obtained from a study of architectural firms.
The dependent variable is the total amount of fees in millions of dollars.
34
Predictor
Co eff
SE Co eff
&n
Listed below is the number of movie tickets sold at the Library Cinema-Complex,
in thousands, for the period from 2001 to 2013. Compute a five-year weighted
moving average using weights of 0.15, 0.1, 0.2, 0.17, and 0.38, respectively.
Describe the trend in yield. (Round your answers to 3 decimal places.)
2001
8.41
2002
8.14
2003
7.77
2004
6.59
2005
7.17
2006
6.78
2007
6.81
2008
6.51
2009
5.78
2010
5.57
2011
5.84
2012
5.59
2013
5.53
35
Chapter 18 Exercise 10
Appliance Center sells a variety of electronic equipment and home appliances. For
the last 4 years, 2010 through 2013, the following quarterly sales (in $ millions)
were reported.
Year
II
III
IV
2010
5.3
4.1
6.8
6.7
2011
4.8
3.8
5.6
6.8
2012
4.3
3.8
5.7
2013
5.6
4.6
6.4
5.9
Determine a typical seasonal index (adjusted) for each of the four quarters. (Round
your answers to 4 decimal places.)
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