Questions from Business Statistics


Q: In a survey, the planning value for the population proportion is

In a survey, the planning value for the population proportion is p* = .35. How large a sample should be taken to provide a 95% confidence interval with a margin of error of .05?

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Q: In June of 2016, Yahoo Finance reported the beta value for

In June of 2016, Yahoo Finance reported the beta value for Coca-Cola was .82 (Yahoo Finance website). Betas for individual stocks are determined by simple linear regression. The dependent variable is...

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Q: To the Internal Revenue Service, the reasonableness of total itemized deductions

To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer’s adjusted gross income. Large deductions, which include charity and medical...

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Q: A large city hospital conducted a study to investigate the relationship between

A large city hospital conducted a study to investigate the relationship between the number of unauthorized days that employees are absent per year and the distance (miles) between home and work for th...

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Q: The data from exercise 1 follow. /

The data from exercise 1 follow. The estimated regression equation for these data is ŷ = .20 + 2.60x. a. Compute SSE, SST, and SSR using equations (14.8), (14.9), and (14.10). b. Compu...

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Q: The data from exercise 2 follow. /

The data from exercise 2 follow. The estimated regression equation for these data is ŷ = 68 − 3x. a. Compute SSE, SST, and SSR. b. Compute the coefficient of determin...

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Q: The data from exercise 3 follow. /

The data from exercise 3 follow. The estimated regression equation for these data is ŷ = 7.6 + .9x. What percentage of the total sum of squares can be accounted for by the estimated re...

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Q: The following data show the brand, price ($), and the overall

The following data show the brand, price ($), and the overall score for six stereo headphones that were tested by Consumer Reports (Consumer Reports website). The overall score is based on sound quali...

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Q: In exercise 7 a sales manager collected the following data on x

In exercise 7 a sales manager collected the following data on x = annual sales and y = years of experience. The estimated regression equation for these data is ŷ = 80 + 4x. a. Compute...

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Q: Given are five observations for two variables, x and y.

Given are five observations for two variables, x and y. a. Develop a scatter diagram for these data. b. What does the scatter diagram developed in part (a) indicate about the relationship between th...

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