Questions from Business Statistics

Q: Net assets for the 50 largest stock mutual funds show a median

Net assets for the 50 largest stock mutual funds show a median of $15 billion. A sample of 10 of the 50 largest bond mutual funds follows. Using the median, can it be concluded that bond mutual fun...

Q: In 2015 the median price of homes in Austin, Texas,

In 2015 the median price of homes in Austin, Texas, was $248,640 (AustinHomeSearch website). A sample of 200 homes sold in the south Austin suburb of Westlake Hills found 111 homes with sales prices o...

Q: Sparr Investments, Inc., specializes in tax-deferred investment opportunities

Sparr Investments, Inc., specializes in tax-deferred investment opportunities for its clients. Recently Sparr offered a payroll deduction investment program for the employees of a particular company....

Q: The median annual income for families living in the United States is

The median annual income for families living in the United States is $56,200. Annual incomes in thousands of dollars for a sample of 50 families living in Chicago, Illinois, are shown. Use the sample...

Q: Are stock splits beneficial to stockholders? SNL Financial studied stock splits

Are stock splits beneficial to stockholders? SNL Financial studied stock splits in the banking industry over an 18-month period. For a sample of 20 stock splits, 14 led to an increase in investment va...

Q: A Pew Research Center survey asked adults if their ideal place to

A Pew Research Center survey asked adults if their ideal place to live would have a faster pace of life or a slower pace of life. A preliminary sample of 16 respondents showed 4 preferred a faster pac...

Q: In a recent poll, six hundred adults were asked a series

In a recent poll, six hundred adults were asked a series of questions about the state of the economy and their children’s future. One question was, “Do you expect your children to have a better life t...

Q: The following payoff table shows profit for a decision analysis problem with

The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature. a. Construct a decision tree for this problem. b. Suppose that the...

Q: Dante Development Corporation is considering bidding on a contract for a new

Dante Development Corporation is considering bidding on a contract for a new office building complex. Figure 19.9 shows the decision tree prepared by one of Dante’s analysts. At node...

Q: More than 500 scripted television series were available for viewing in 2018

More than 500 scripted television series were available for viewing in 2018 (Hollywood Reporter website). New series typically start by producing a pilot episode that can be evaluated by a network bef...