Questions from Business Statistics


Q: Comment on the following quotation: What I think is our best

Comment on the following quotation: What I think is our best determination is it will be a colder than normal winter, said Pamela Naber Knox, a Wisconsin state climatologist. I’m basing that on a coup...

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Q: After an unusually dry autumn, a radio announcer is heard to

After an unusually dry autumn, a radio announcer is heard to say, Watch out! We’ll pay for these sunny days later on this winter. Explain what he trying to say, and comment on the validity of his reas...

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Q: The Office of Federal Housing Enterprise Oversight (www.fhfa.

The Office of Federal Housing Enterprise Oversight (www.fhfa.gov) collects data on various aspects of housing costs around the United States. Here is a scatterplot of the Housing Cost Index versus the...

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Q: A basketball player missed 8 of 11 shots in the final portion

A basketball player missed 8 of 11 shots in the final portion of a game. When talking to reporters afterward, he says that he not worried about his next game because he due to make a lot of shots. Com...

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Q: Commercial airplanes have an excellent safety record. Nevertheless, there are

Commercial airplanes have an excellent safety record. Nevertheless, there are crashes occasionally, with the loss of many lives. In the weeks following a crash, airlines often report a drop in the num...

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Q: Insurance companies collect annual payments from drivers in exchange for paying for

Insurance companies collect annual payments from drivers in exchange for paying for the cost of accidents. 1. Why should you be reluctant to accept a $1500 payment from your neighbor to cover his auto...

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Q: On February 11, 2009, the AP news wire released the

On February 11, 2009, the AP news wire released the following story: (LAS VEGAS, Nev.) A man in town to watch the NCAA basketball tournament hit a $38.7 million jackpot on Friday, the biggest slot mac...

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Q: The plastic arrow on a spinner for a child game stops rotating

The plastic arrow on a spinner for a child game stops rotating to point at a color that will determine what happens next. Which of the following probability assignments are legitimate?

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Q: Many stores run secret sales : Shoppers receive cards that determine how

Many stores run secret sales : Shoppers receive cards that determine how large a discount they get, but the percentage is revealed by scratching off that black stuff (what is that?) only after the pur...

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Q: Suppose that 46% of families living in a certain county own

Suppose that 46% of families living in a certain county own a computer and 18% own an HDTV. The Addition Rule might suggest, then, that 64% of families own either a computer or an HDTV. What wrong wit...

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