14)

a. Consider the year is on the horizontal axis and the forecasts are on the vertical axis, connect
consecutive years of the same manufacturer by a straight line.

CSM Worldwide forcecast

12

10

0
2004 2005 2006 2007

General Motors Ford

DaimlerChrysler Toyota

b. Up to 2005, it appears that General Motors is the production leader. After 2005, it appears that
Toyota becomes the production leader.

c. The width of the bars has to be the same and the height has to be equal to the value in the table.

CSM WorldWide forcecast

12

10

0
General Motors Ford DaimlerChrysler Toyota

15)
a. Categorical variables places the individuals into a category, while a quantitative variable is a numerical
variable. QUANTITATIVE, because both axes contain numbers.

b. Time series data are data collected over several time periods, while cross-sectional data is data
collected at the same or approximately the same point in time. TIME SERIES DATA, because the data for
8 different years are given.

c. The number of drugs approved is given by the height of the bar corresponding to year 2003, which is
about 20.

d. The number of drugs approved is given by the height of the bar and the lowest bars is then the least
number of drugs. we note that this is the case for the year 2002 with a height of about 17.

e. We note that as the year increases, that the height of the bars decreases and thus the number of
drugs approved decreases.

16.

a. Data about what percentage of the market (population) is expected to buy the product, based on
sampling in a group of individuals.

Quality of the product

Possible health risks of the product

b. Let a group of randomly selected individuals try the product. Let them decide if they would be willing
to buy the product.

Perform an experiment to test for possible health risks of the product.

17.

The employer might have internal data.records to gather information about the employee's current
salary, years of employment, annual company profit and productivity records of the employee. External
data records employer might have used are: data about company that offered job to the mentioned
employee about average salary for the employee's position within that company, public profit records of
the company and records of company work ethics and benefits that can make the employee to have
second thoughts.

18)

a. Given:

x= 155 n= 430

The sample proportion is the number of successes divided by the sample

^p=x/n=155/430≈0.3605=36.05%
b. Given:

n=430

p=44%=0.44

The number of successes is the product of sample size and the given percentage.

x=n*p=430*0.44=189.2≈189

c. Categorical variables place the individuals into a category, while a quantitative variables is numerical
variable. Because the categories are business traveler or no business traveler so the result is Categorical.

19)

a. The population contains all individuals/subjects about which we want to collect information.

POPULATION= North American subscribers of Business Week.

b. Categorical variables places the individuals into a category while a quantitative variable is a numerical
variable.

QUANTITATIVE, because the annual income is a number.

c. Categorical variables places the individuals into a category, while a quantitative variable is a numerical
variable.

CATEGORICAL, because the two categories are owner and no owner.

d. Time series data are data collected over several time periods, while cross-sectional data is data
collected at the same or approximately the same point in time.

CROSS-SECTIONAL DATA, because the data appear to be collected at the same time for all individuals.

c. The number of drugs approved is given by the height of the bar corresponding to year 2003, which is
about 20.

d. The number of drugs approved is given by the height of the bar and the lowest bars is then the least
number of drugs, we note that this is the case for the year 2002 with a height of about 17.

e. Most A the subscribers appear A have an annual income A $75,000 or more, while about half of the
subscribers appear to have an American Express credit And.