Questions from Business Statistics

Q: Fresno Board Games manufactures and sells several different board games online and

Fresno Board Games manufactures and sells several different board games online and through department stores nationwide. Fresno’s most popular game, ¡Cabestrillo Cinco!, is played with 5 six-sided dic...

Q: As part of a long-term study of individuals 65 years

As part of a long-term study of individuals 65 years of age or older, sociologists and physicians at the Wentworth Medical Center in upstate New York investigated the relationship between geographic l...

Q: Suppose that a local chapter of sales professionals in the greater San

Suppose that a local chapter of sales professionals in the greater San Francisco area conducted a survey of its membership to study the relationship, if any, between the years of experience and salary...

Q: TourisTopia Travel (Triple T) is an online travel agency that

TourisTopia Travel (Triple T) is an online travel agency that specializes in trips to exotic locations around the world for groups of ten or more travelers. Triple T’s marketing manager has been worki...

Q: One measure of the risk or volatility of an individual stock is

One measure of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over several periods of time. Although the standard dev...

Q: As part of a study on transportation safety, the U.

As part of a study on transportation safety, the U.S. Department of Transportation collected data on the number of fatal accidents per 1000 licenses and the percentage of licensed drivers under the ag...

Q: Consumer Reports tested 166 different point-and-shoot digital cameras

Consumer Reports tested 166 different point-and-shoot digital cameras. Based upon factors such as the number of megapixels, weight (oz.), image quality, and ease of use, they developed an overall scor...

Q: When trying to decide what car to buy, real value is

When trying to decide what car to buy, real value is not necessarily determined by how much you spend on the initial purchase. Instead, cars that are reliable and don’t cost much to...

Q: Buckeye Creek Amusement Park is open from the beginning of May to

Buckeye Creek Amusement Park is open from the beginning of May to the end of October. Buckeye Creek relies heavily on the sale of season passes. The sale of season passes brings in significant revenue...

Q: Gulf Real Estate Properties, Inc., is a real estate firm

Gulf Real Estate Properties, Inc., is a real estate firm located in southwest Florida. The company, which advertises itself as “expert in the real estate market,” monitors condominium sales by collect...