Question: Majesty Video Production Inc. wants the mean

> The Internal Revenue Service is studying the category of charitable contributions. A sample of 25 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 25 returns, five had c

> The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal probability distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5,000. a. What percent

> The director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall semester on the basis of past experience. What is the expected number of admissions for the fall semester? Compute the variance a

> Acceptance sampling is a statistical method used to monitor the quality of purchased parts and components. To ensure the quality of incoming parts, a purchaser or manufacturer normally samples 20 parts and allows one defect. a. What is the likelihood of

> Berdine’s Chicken Factory has several stores in the Hilton Head, South Carolina, area. When interviewing applicants for server positions, the owner would like to include information on the amount of tip a server can expect to earn per check (or bill). A

> The number of families who used the Minneapolis YWCA day care service was recorded during a 30-day period. The results are as follows: a. Construct a cumulative frequency distribution. b. Sketch a graph of the cumulative frequency polygon. c. How many

> The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it takes two construction workers a mean of 32 hours and a standard deviation of 2 hours to erect the Red Barn model. Assume the assembly time

> The Bank of Hawaii reports that 7% of its credit card holders will default at some time in their life. The Hilo branch just mailed out 12 new cards today. a. How many of these new cardholders would you expect to default? What is the standard deviation? b

> Tire and Auto Supply is considering a 2-for-1 stock split. Before the transaction is finalized, at least two-thirds of the 1,200 company stockholders must approve the proposal. To evaluate the likelihood the proposal will be approved, the CFO selected a

> The following chart depicts the annual revenues, by type of tax, for the state of Georgia. a. What percentage of the state revenue is accounted for by sales tax and individual income tax? b. Which category will generate more revenue: corporate taxes or

> The time patrons at the Grande Dunes Hotel in the Bahamas spend waiting for an elevator follows a uniform distribution between 0 and 3.5 minutes. a. Show that the area under the curve is 1.00. b. How long does the typical patron wait for elevator service

> A total of 5.9% of the prime-time viewing audience watched shows on ABC, 7.6% watched shows on CBS, 5.5% on Fox, 6.0% on NBC, 2.0% on Warner Brothers, and 2.2% on UPN. A total of 70.8% of the audience watched shows on other cable networks, such as CNN an

> The mean amount purchased by a typical customer at Churchill’s Grocery Store is $23.50, with a standard deviation of $5.00. Assume the distribution of amounts purchased follows the normal distribution. For a sample of 50 customers, answer the following q

> 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 Nick’s barber sh

> A tube of Listerine Tartar Control toothpaste contains 4.2 ounces. As people use the toothpaste, the amount remaining in any tube is random. Assume the amount of toothpaste remaining in the tube follows a uniform distribution. From this information, we c

> The lifetime of LCD TV sets follows an exponential distribution with a mean of 100,000 hours. Compute the probability a television set: a. Fails in less than 10,000 hours. b. Lasts more than 120,000 hours. c. Fails between 60,000 and 100,000 hours of use

> The cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $3.50. What is the percentage of items that cost: a. Less than $1? b. More than $4? c.

> One-fourth of the residents of the Burning Ridge Estates leave their garage doors open when they are away from home. The local chief of police estimates that 5% of the garages with open doors will have something stolen, but only 1% of those closed will h

> Listed below is the amount of commissions earned last month for the eight members of the sales staff at Best Electronics. Calculate the coefficient of skewness using both methods. Hint: Use of a spreadsheet will expedite the calculations. 980.9 1,03

> A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged for service from Hermosa Beach to Los Angeles International Airport is $21 and the standard deviation is $3.50. We select a sample of 15 fares. a. What i

> In the past, schools in Los Angeles County have closed an average of 3 days each year for weather emergencies. What is the probability that schools in Los Angeles County will close for 4 days next year?

> Automobiles arrive at the Elkhart exit of the Indiana Toll Road at the rate of two per minute. The distribution of arrivals approximates a Poisson distribution. a. What is the probability that no automobiles arrive in a particular minute? b. What is the

> P(A1) = .20, P(A2) = .40, P(A3) = .40, P(B1 | A1) = .25, P(B1 | A2) = .05, and P(B1 | A3) = .10. Use Bayes’ theorem to determine P(A3 | B1).

> The Columbus, Ohio Area Chamber of Commerce wants to estimate the mean time workers who are employed in the downtown area spend getting to work. A sample of 15 workers reveals the following number of minutes spent traveling. Develop a 98% confidence in

> Two thousand frequent business travelers are asked which midwestern city they prefer: Indianapolis, Saint Louis, Chicago, or Milwaukee. One hundred liked Indianapolis best, 450 liked Saint Louis, 1,300 liked Chicago, and the remainder preferred Milwaukee

> If you ask three strangers about their birthdays, what is the probability (a) All were born on Wednesday? (b) All were born on different days of the week? (c) None was born on Saturday?

> 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. b. What proportion of the population is between 12.2 and 14.3? c. What proportion of the population is less than 10.0?

> The Computer Systems Department has eight faculty, six of whom are tenured. Dr. Vonder, the chairman, wants to establish a committee of three department faculty members to review the curriculum. If she selects the committee at random: a. What is the prob

> Three defective electric toothbrushes were accidentally shipped to a drugstore by Cleanbrush Products along with 17 nondefective ones. a. What is the probability the first two electric toothbrushes sold will be returned to the drugstore because they are

> A data set consists of 145 observations that range from 56 to 490. What size class interval would you recommend?

> A population consists of 15 items, 10 of which are acceptable. In a sample of four items, what is the probability that exactly three are acceptable? Assume the samples are drawn without replacement.

> Ski Resorts of Vermont Inc. is considering a merger with Gulf Shores Beach Resorts Inc. of Alabama. The board of directors surveyed 50 stockholders concerning their Position on the merger. The results are reported below. a. What level of measurement is

> In a binomial distribution, n = 12 and π = .60. Find the following probabilities. a. x = 5. b. x ≤ 5. c. x ≥ 6.

> It is asserted that 80% of the cars approaching an individual toll booth in New Jersey are equipped with an E-ZPass transponder. Find the probability that in a sample of six cars: a. All six will have the transponder. b. At least three will have the tran

> It is reported that 41% of American households use a cell phone exclusively for their telephone service. In a sample of eight households, a. Find the probability that no household uses a cell phone as their exclusive telephone service. b. Find the probab

> A uniform distribution is defined over the interval from 2 to 5. a. What are the values for a and b? b. What is the mean of this uniform distribution? c. What is the standard deviation? d. Show that the total area is 1.00. e. Find the probability of a va

> A manufacturer of window frames knows from long experience that 5% of the production will have some type of minor defect that will require an adjustment. What is the probability that in a sample of 20 window frames: a. None will need adjustment? b. At le

> A student is taking two courses, history and math. The probability the student will pass the history course is .60, and the probability of passing the math course is .70. The probability of passing both is .50. What is the probability of passing at least

> Let P(X) = .55 and P(Y) = .35. Assume the probability that they both occur is .20. What is the probability of either X or Y occurring?

> A sample of 28 time shares in the Orlando, Florida, area revealed the following daily charges for a one-bedroom suite. For convenience, the data are ordered from smallest to largest. Construct a box plot to represent the data. Comment on the distribution

> ABC Auto Insurance classifies drivers as good, medium, or poor risks. Drivers who apply to them for insurance fall into these three groups in the proportions 30%, 50%, and 20%, respectively. The probability a “good” driver will have an accident is .01, t

> The time between visits to a U.S. emergency room for a member of the general population follows an exponential distribution with a mean of 2.5 years. What proportion of the population: a. Will visit an emergency room within the next 6 months? b. Will not

> Refer to the North Valley Real Estate data, which report information on homes sold in the area last year. a. Create a probability distribution for the number of bedrooms. Compute the mean and the standard deviation of this distribution. b. Create a proba

> A study of long-distance phone calls made from General Electric Corporate Headquarters in Fairfield, Connecticut, revealed the length of the calls, in minutes, follows the normal probability distribution. The mean length of time per call was 4.2 minutes

> An economist uses the price of a gallon of milk as a measure of inflation. She finds that the average price is $3.82 per gallon and the population standard deviation is $0.33. You decide to sample 40 convenience stores, collect their prices for a gallon

> Human Resource Consulting (HRC) surveyed a random sample of 60 Twin Cities construction companies to find information on the costs of their health care plans. One of the items being tracked is the annual deductible that employees must pay. The Minnesota

> For each of the following indicate whether the random variable is discrete or continuous. a. The length of time to get a haircut. b. The number of cars a jogger passes each morning while running. c. The number of hits for a team in a high school girls’ s

> Dr. Stallter has been teaching basic statistics for many years. She knows that 80% of the students will complete the assigned problems. She has also determined that among those who do their assignments, 90% will pass the course. Among those students who

> Information from the American Institute of Insurance indicates the mean amount of life insurance per household in the United States is $165,000. This distribution follows the normal distribution with a standard deviation of $40,000. a. If we select a ran

> A telemarketer makes six phone calls per hour and is able to make a sale on 30% of these contacts. During the next 2 hours, find: a. The probability of making exactly four sales. b. The probability of making no sales. c. The probability of making exactly

> Educational Technology, Inc. sells software to provide guided homework problems for a statistics course. They would like to know if students who use the software score better on exams. A sample of students who used the software had the following exam sco

> The game called Lotto sponsored by the Louisiana Lottery Commission pays its largest prize when a contestant matches all 6 of the 40 possible numbers. Assume there are 40 ping-pong balls each with a single number between 1 and 40. Any number appears only

> The following is a partial ANOVA table. Complete the table and answer the following questions. Use the .05 significance level. a. How many treatments are there? b. What is the total sample size? c. What is the critical value of F? d. Write out the null

> Listed below are the salaries, in $000, for a sample of 15 chief financial officers in the electronics industry. a. Determine the mean, median, and the standard deviation. b. Determine the coefficient of skewness using Pearson’s metho

> According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy, and electronically file a 1040 tax form. This distribution of times follows the normal distribution and the standard deviation is 80 minutes. A consumer watchdog ag

> A large Internet retailer is studying the lead time (elapsed time between when an order is placed and when it is filled) for a sample of recent orders. The lead times are reported in days. Lead Time (days) _________Frequency 0 up to 5 ………………………………………..

> A normal population has a mean of 75 and a standard deviation of 5. You select a sample of 40. Compute the probability the sample mean is: a. Less than 74. b. Between 74 and 76. c. Between 76 and 77. d. Greater than 77.

> The U.S. Postal Service reports 95% of first-class mail within the same city is delivered within 2 days of the time of mailing. Six letters are randomly sent to different locations. a. What is the probability that all six arrive within 2 days? b. What is

> Assume a binomial distribution where n = 5 and π = .30. a. Refer to Appendix B.1 and list the probabilities for values of x from 0 to 5. b. Determine the mean and standard deviation of the distribution from the general definitions given in formulas (6–1)

> Aloha Banking Co. is studying ATM use in suburban Honolulu. Yesterday, for a sample of 30 ATM's, the bank counted the number of times each machine was used. The data is presented in the table. Develop a stem-and-leaf chart to summarize the data. What wer

> The box plot shows the undergraduate in-state tuition per credit hour at four-year public colleges. a. Estimate the median. b. Estimate the first and third quartiles. c. Determine the interquartile range. d. Beyond what point is a value considered an o

> A firm will promote two employees out of a group of six men and three women. a. List all possible outcomes. b. What probability concept would be used to assign probabilities to the outcomes?

> A small business consultant is investigating the performance of several companies. The fourth-quarter sales for last year (in thousands of dollars) for the selected companies were: Company ____________Fourth-Quarter Sales ($ thousands) Hoden Building Pr

> The following is a list of 29 hospitals in the Cincinnati, Ohio, and Northern Kentucky region. Each hospital is assigned a number, 00 through 28. The hospitals are classified by type, either a general medical/surgical hospital (M/S) or a specialty hospit

> A quality control inspector selects a part to be tested. The part is then declared acceptable, repairable, or scrapped. Then another part is tested. List the possible outcomes of this experiment regarding two parts.

> A mail-order company counted the number of incoming calls per day to the company’s toll-free number during the first 7 days in May: 14, 24, 19, 31, 36, 26, 17. (a) Compute the arithmetic mean and (b) Indicate whether it is a statistic or a parameter.

> A recent article suggested that, if you earn $25,000 a year today and the inflation rate continues at 3% per year, you’ll need to make $33,598 in 10 years to have the same buying power. You would need to make $44,771 if the inflation rate jumped to 6%. C

> The American Diabetes Association recommends a blood glucose reading of less than 130 for those with Type 2 diabetes. Blood glucose measures the amount of sugar in the blood. Below are the readings for February for a person recently diagnosed with Type 2

> Rolland Poust is a sophomore in the College of Business at Scandia Tech. Last semester he took courses in statistics and accounting, 3 hours each, and earned an A in both. He earned a B in a 5-hour history course and a B in a 2-hour history of jazz cours

> 54. The mean income of a group of sample observations is $500; the standard deviation is $40. According to Chebyshev’s theorem, at least what percent of the incomes will lie between $400 and $600?

> A consumer watchdog organization is concerned about credit card debt. A survey of 10 young adults with credit card debt of more than $2,000 showed they paid an average of just over $100 per month against their balances. Listed below are the amounts each

> A recent article in the Cincinnati Enquirer reported that the mean labor cost to repair a heat pump is $90 with a standard deviation of $22. Monte’s Plumbing and Heating Service completed repairs on two heat pumps this morning. The labor cost for the fir

> The sample of eight companies in the aerospace industry, referred to in Exercise 38, was surveyed as to their return on investment last year. The results are 10.6, 12.6, 14.8, 18.2, 12.0, 14.8, 12.2, and 15.6. a. Compute the sample variance. b. Determine

> The following five values are a sample: 11, 6, 10, 6, and 7. a. Compute the sample variance. b. Determine the sample standard deviation.

> Referring to Exercise 43, the annual report of Dennis Industries also gave these returns on stockholder equity for the same 5-year period (in percent): 13.2, 5.0, 10.2, 17.5, and 12.9. a. What is the arithmetic mean return? b. What is the variance? In E

> Consider these six values a population: 13, 3, 8, 10, 8, and 6. a. Determine the mean of the population. b. Determine the variance.

> a. Compute the mean of the following sample values: 1.3, 7.0, 3.6, 4.1, 5. 0. b. Show that Σ(x − x̅) = 0

> Compute the geometric mean of the following weekly percent increases: 2, 8, 6, 4, 10, 6, 8, and 4.

> Andrews and Associates specialize in corporate law. They charge $100 an hour for researching a case, $75 an hour for consultations, and $200 an hour for writing a brief. Last week one of the associates spent 10 hours consulting with her client, 10 hours

> The demand for the video games provided by Mid-Tech Video Games Inc. has exploded in the last several years. Hence, the owner needs to hire several new technical people to keep up with the demand. Mid-Tech gives each applicant a special test that Dr. McG

> Sally Reynolds sells real estate along the coastal area of Northern California. Below are her total annual commissions between 2005 and 2015. Find the mean, median, and mode of the commissions she earned for the 11 years. Year ______Amount (thousands) 2

> The following hypotheses are given. H0: ρ ≥ 0 H1: ρ < 0 A random sample of 15 paired observations has a correlation of −.46. Can we conclude that the correlation in the population is less than zero? Use the .05 significance level.

> Kevin Horn is the national sales manager for National Textbooks Inc. He has a sales staff of 40 who visit college professors all over the United States. Each Saturday morning he requires his sales staff to send him a report. This report includes, among o

> The following regression equation was computed from a sample of 20 observations: ŷ = 15 − 5x SSE was found to be 100 and SS total, 400. a. Determine the standard error of estimate. b. Determine the coefficient of determination. c. Determine the correlati

> For a sample of 40 large U.S. cities, the correlation between the mean number of square feet per office worker and the mean monthly rental rate in the central business district is −0.363. At the .05 significance level, can we conclude that there is a neg

> A sociologist claims that the success of students in college (measured by their GPA) is related to their family’s income. For a sample of 20 students, the correlation coefficient is 0.40. Using the 0.01 significance level, can we conclude that there is a

> Refer to Exercise 16. In Exercise 16 Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gath

> Refer to Exercise 14. In Exercise 14 The following sample of observations was randomly selected. a. Determine the .95 confidence interval for the mean predicted when x = 7. b. Determine the .95 prediction interval for an individual predicted when x =

> 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

> Refer to Exercise 16. Determine the standard error of estimate and the coefficient of determination. Interpret the coefficient of determination. In Exercise 16 Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relati

> Refer to Exercise 6. Determine the standard error of estimate and the coefficient of determination. Interpret the coefficient of determination. In Exercise 6 The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its

> Refer to Exercise 18. The regression equation is &Aring;&middot; = 9.9198 &acirc;&#136;&#146; 0.00039x, the sample size is 9, and the standard error of the slope is 0.0032. Use the .05 significance level. Can we conclude that the slope of the regression

> Refer to Exercise 6. The regression equation is &Aring;&middot; = 11.18 &acirc;&#136;&#146; 0.49x, 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 i

> The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 250 customers on the number of hours cars are parked and the amount they are charged. a. Convert the information on the number of hours parked to a pro

> Refer to Exercise 6. In Exercise 6 The owner of Maumee Ford-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. a. Determine

> A study of 20 worldwide financial institutions showed the correlation between their assets and pretax profit to be .86. At the .05 significance level, can we conclude that there is positive correlation in the population?

> A stockbroker at Critical Securities reported that the mean rate of return on a sample of 10 oil stocks was 12.6% with a standard deviation of 3.9%. The mean rate of return on a sample of 8 utility stocks was 10.9% with a standard deviation of 3.5%. At t

> The following hypotheses are given. H0: σ21 ≤ σ22 H1: σ21 > σ22 A random sample of five observations from the first population resulted in a standard deviation of 12. A random sample of seven observations from the second population showed a standard devi

> There are four auto body shops in Bangor, Maine, and all claim to promptly repair cars. To check if there is any difference in repair times, customers are randomly selected from each repair shop and their repair times in days are recorded. The output fro

> The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments, property taxes, and utility costs (water, heat, electricity). An economist selected a sample