Questions from Business Statistics


Q: A survey of 131 investment managers in Barron’s Big Money poll revealed

A survey of 131 investment managers in Barron’s Big Money poll revealed the following: ●● 43% of managers classified themselves as bullish or very bullish on the stock market. ●● The average expected...

See Answer

Q: The U.S. Bureau of Labor Statistics (BLS)

The U.S. Bureau of Labor Statistics (BLS) reported that the mean annual number of hours of vacation time earned by blue-collar and service employees who work for small private establishments and have...

See Answer

Q: The New York Times reported that 17.2 million new cars

The New York Times reported that 17.2 million new cars and light trucks were sold in the United States in 2017, and the U.S. Environmental Protection Agency projects the average efficiency for these v...

See Answer

Q: The president of Colossus.com, Inc., believes that 42

The president of Colossus.com, Inc., believes that 42% of the firm’s orders come from customers who have purchased from Colossus.com in the past. A random sample of 108,700 orders from the past six mo...

See Answer

Q: According to the U.S. Department of Health and Human

According to the U.S. Department of Health and Human Services, only 49.2% of homes in the United States used landline telephone service in 2017. a. Suppose a sample of 207,000 U.S. homes will be taken...

See Answer

Q: Assume that we want to identify a simple random sample of 12

Assume that we want to identify a simple random sample of 12 of the 372 doctors practicing in a particular city. The doctors’ names are available from a local medical organization. U...

See Answer

Q: The Tennessean, an online newspaper located in Nashville, Tennessee,

The Tennessean, an online newspaper located in Nashville, Tennessee, conducts a daily poll to obtain reader opinions on a variety of current issues. In a recent poll, 762 readers responded to the foll...

See Answer

Q: Based on data from the U.S. Census Bureau,

Based on data from the U.S. Census Bureau, a Pew Research study showed that the percentage of employed individuals ages 25–29 who are college educated is at an all-time high. The study showed that the...

See Answer

Q: The response to a question has three alternatives: A, B

The response to a question has three alternatives: A, B, and C. A sample of 120 responses provides 60 A, 24 B, and 36 C. Show the frequency and relative frequency distributions.

See Answer

Q: A Gallup Poll utilizing a random sample of 1,503 adults

A Gallup Poll utilizing a random sample of 1,503 adults ages 18 or older was conducted in April 2018. The survey indicated a majority of Americans (53%) say driverless cars will be common in the next...

See Answer