Questions from Business Statistics


Q: Your agricultural firm is considering the purchase of some farmland, and

Your agricultural firm is considering the purchase of some farmland, and an indication of the quality of the land will be helpful. A random sample of 62 selected locations planted with corn indicates...

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Q: For the ages: Answer the parts of exercise 2.

For the ages: Answer the parts of exercise 2. Data from exercise 2: For the annual salary levels: a. Construct a cumulative distribution function. b. Find the median, quartiles, and extremes. c. Con...

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Q: Main-course taste scores have been recorded for 48 restaurant diners

Main-course taste scores have been recorded for 48 restaurant diners on a scale from 1 to 5. The average score was 4.125, the standard error was 0.1099, and the 95% confidence interval extended from 3...

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Q: A random sample of eight customers was interviewed in order to find

A random sample of eight customers was interviewed in order to find the number of computers they planned to order next year. The results were 22, 18, 24, 47, 64, 32, 45, and 35. You are interested in...

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Q: View the 989 donors in the donations database (out of 20

View the 989 donors in the donations database (out of 20,000 people represented on the companion site) as a random sample from a much larger population of people who would make a donation in response...

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Q: Your bakery produces loaves of bread with “1 pound” written

Your bakery produces loaves of bread with “1 pound” written on the label. Here are weights of randomly sampled loaves from today’s production: 1:02,0:97,0:98,1:10,1:00,1:02 0:98,1:03,1:03,1:05,1:02,1:...

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Q: A market survey has shown that people will spend an average of

A market survey has shown that people will spend an average of $15.48 each for your product next year, based on a sample survey of 483 people. The standard deviation of the sample was $2.52. Find the...

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Q: Your company is planning to market a new reading lamp and has

Your company is planning to market a new reading lamp and has segmented the market into three groups: avid readers, regular readers, and occasional readers. As part of a marketing survey, 400 individu...

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Q: Your company prepares and distributes frozen foods. The package claims a

Your company prepares and distributes frozen foods. The package claims a net weight of 24.5 oz. A random sample of today’s production was weighed, and the results were summarized as follows: average =...

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Q: A recent survey of 252 customers, selected at random from a

A recent survey of 252 customers, selected at random from a database with 12,861 customers, found that 208 are satisfied with the service they are receiving. Find the 99% confidence interval for the p...

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