A sample of 10 NCAA college basketball game scores provided the following data.
a. Compute the mean and standard deviation for the points scored by the winning teams.
b. Assume that the points scored by the winning teams for all NCAA games follow a bell-shaped distribution. Using the mean and standard deviation found in part (a), estimate the percentage of all NCAA games in which the winning team scores 84 or more points. Estimate the percentage of NCAA games in which the winning team scores more than 90 points.
c. Compute the mean and standard deviation for the winning margin. Do the data contain outliers? Explain.
> Belmont State Bank is a large bank with hundreds of branches that are connected to a central computer system. Some branches are connected over dedicated circuits and others use Multi-Protocol Label Switching(MPLS). Each branch has a variety of client com
> What type of Internet access technologies would you recommend for the Atlanta, New Orleans, and the corporate office in Tampa and other locations as well? 2. Outline the advantages and disadvantages of the three approaches to for creating a web presence
> Your cousin Cathy runs a part-time business out of her apartment. She buys and sells collectibles such as antique prints, baseball cards, and cartoon cells and has recently discovered the Web with its many auction sites. She has begun buying and selling
> With your knowledge of NDAS's network, what service would you recommend for the future to connect the remote offices to the hubs at Atlanta and New Orleans and the hubs to the corporate office in Tampa? Will the current facilities be adequate? 2. Preside
> Cookies Are Us runs a series of 100 cookie stores across the mid-western United States and central Canada. At the end of each day, the stores send sales and inventory data to headquarters, which uses the data to ship new inventory and plan marketing camp
> For this case, one may assume that there are LANs in four department offices (Data Processing, Accounts Payable, Information Services, and Agent Operations) and at Fleet Maintenance and Dispatch in the Secondary Building. What type of backbone network do
> Pat’s Engineering Works is a small company that specializes in complex engineering consulting projects. The projects typically involve one or two engineers who do data-intensive analyses for companies. Because so much data are needed, t
> Prepare a brief management summary on the technical essential aspects of the Internet and the World Wide Web and how they work. Remember, the audience is not technical. He is confused about the relationship between the World Wide Web and the Internet and
> Use the following information to compute the confidence interval for the population proportion. a) n = 715 and x = 329, with 95% confidence b) n = 284 and p^ = .71, with 90% confidence c) n = 1250 and p^ = .48, with 95% confidence d) n = 457 and x = 270,
> The following table displays round-trip flight prices from 14 major U.S. cities to Atlanta and Salt Lake City. a. Compute the mean price for a round-trip flight into Atlanta and the mean price for a round-trip flight into Salt Lake City. Is At
> Data collected by the Oil Price Information Service from more than 90,000 gasoline and convenience stores throughout the U.S. showed that the average price for a gallon of unleaded gasoline was $3.28 (MSN Auto website). The following data show the price
> Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Compute the range, interquartile range, variance, and standard deviation.
> Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the variance and standard deviation.
> Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the range and interquartile range.
> The current value of a company is $25 million. If the value of the company six year ago was $10 million, what is the company’s mean annual growth rate over the past six years?
> If an asset declines in value from $5000 to $3500 over nine years, what is the mean annual growth rate in the asset’s value over these nine years?
> Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Which mutual fund performed bette
> Consider a sample with data values of 10, 20, 21, 17, 16, and 12. Compute the mean and median.
> Annual revenue for Corning Supplies grew by 5.5% in 2014, 1.1% in 2015, −3.5% in 2016, −1.1% in 2017, and 1.8% in 2018. What is the mean growth annual rate over this period?
> A production process is checked periodically by a quality control inspector. The inspector selects simple random samples of 30 finished products and computes the sample mean product weights x̅. If test results over a long period of time show that 5% of t
> Based on a survey of master’s programs in business administration, magazines such as U.S. News & World Report rank U.S. business schools. These types of rankings are based in part on surveys of business school deans and corporate re
> The following table shows the total return and the number of funds for four categories of mutual funds. a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. b. Is there any difficulty associated wit
> The grade point average for college students is based on a weighted mean computation. For most colleges, the grades are given the following data values: A (4), B (3), C (2), D (1), and F (0). After 60 credit hours of course work, a student at State Unive
> Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance, the price they charge for a case of a popular br
> The U.S. Bureau of Labor Statistics collects data on unemployment rates in each state. The data contained in the file UnemploymentRates show the unemployment rate for every state and the District of Columbia over two consecutive years. To compare unemplo
> In automobile mileage and gasoline-consumption testing, 13 automobiles were road tested for 300 miles in both city and highway driving conditions. The following data were recorded for miles-per-gallon performance. City: 16.2 16.7 15.9 14.4 13.2 15.3 16.8
> The creator of a new online multiplayer survival game has been tracking the monthly downloads of the newest game. The following table shows the monthly downloads (in thousands) for each month of the current and previous year. a. Compute the mean, media
> Nielsen tracks the amount of time that people spend consuming media content across different platforms (digital, audio, television) in the United States. Nielsen has found that traditional television viewing habits vary based on the age of the consumer a
> OutdoorGearLab is an organization that tests outdoor gear used for climbing, camping, mountaineering, and backpacking. Suppose that the following data show the ratings of hardshell jackets based on the breathability, durability, versatility, features, mo
> Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the mean and median.
> A researcher reports survey results by stating that the standard error of the mean is 20. The population standard deviation is 500. a. How large was the sample used in this survey? b. What is the probability that the point estimate was within ±25 of the
> A random sample of 30 colleges from Kiplinger’s list of the best values in private college provided the data shown in the file BestPrivateColleges (Kiplinger website). The variable named Admit Rate (%) shows the percentage of students that applied to the
> The Russell 1000 is a stock market index consisting of the largest U.S. companies. The Dow Jones Industrial Average is based on 30 large companies. The file Russell gives the annual percentage returns for each of these stock indexes for the years 1988 to
> Over the past 40 years, the percentage of homes in the United States with smoke detectors has risen steadily and has plateaued at about 96% as of 2015 (National Fire Protection Association website). With this increase in the use of home smoke detectors,
> Department of transportation’s study on driving speed and miles per gallon for midsize automobiles resulted in the following data:
> The file StockComparison contains monthly adjusted stock prices for technology company Apple, Inc., and consumer-goods company Procter & Gamble (P&G) from 2013–2018. a. Develop a scatter diagram with Apple stock price on the horizontal axis and P&G stock
> Five observations taken for two variables follow. a. Develop a scatter diagram for these data. b. What does the scatter diagram indicate about a relationship between x and y? c. Compute and interpret the sample covariance. d. Compute and interpret the
> Five observations taken for two variables follow. a. Develop a scatter diagram with x on the horizontal axis. b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. Compute and interpret the
> The Bureau of Transportation Statistics keeps track of all border crossings through ports of entry along the U.S.-Canadian and U.S.-Mexican borders. The data contained in the file BorderCrossings show the most recently published figures for the number of
> Fortune magazine’s list of the world’s most admired companies for 2014 is provided in the data contained in the file AdmiredCompanies (Fortune magazine website). The data in the column labeled “Return” shows the one-year total return (%) for the top rank
> Consumer Reports provides overall customer satisfaction scores for AT&T, Sprint, T-Mobile, and Verizon cell-phone services in major metropolitan areas throughout the United States. The rating for each service reflects the overall customer satisfactio
> Three firms carry inventories that differ in size. Firm A’s inventory contains 2000 items, firm B’s inventory contains 5000 items, and firm C’s inventory contains 10,000 items. The population standard deviation for the cost of the items in each firm’s in
> Annual sales, in millions of dollars, for 21 pharmaceutical companies follow. a. Provide a five-number summary. b. Compute the lower and upper limits. c. Do the data contain any outliers? d. Johnson & Johnson’s sales are the large
> Naples, Florida, hosts a half-marathon (13.1-mile race) in January each year. The event attracts top runners from throughout the United States as well as from around the world. In the race results shown below 22 men and 31 women entered the 19â
> A data set has a first quartile of 42 and a third quartile of 50. Compute the lower and upper limits for the corresponding boxplot. Should a data value of 65 be considered an outlier?
> Show the five-number summary and the boxplot for the following data: 5, 15, 18, 10, 8, 12, 16, 10, 6.
> Show the boxplot for the data in exercise 46. Exercise 46: Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Provide the five-number summary for the data.
> Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Provide the five-number summary for the data.
> The New York Times reported that Apple has unveiled a new iPad marketed specifically to school districts for use by students (The New York Times website). The 9.7-inch iPads will have faster processors and a cheaper price point in an effort to take marke
> The Northwest regional manager of an outdoor equipment retailer conducted a study to determine how managers at three store locations are using their time. A summary of the results are shown in the following table. a. Create a stacked bar chart with sto
> Consider the following survey results that show smartphone ownership by age. a. Construct a stacked bar chart to display the above survey data on type of mobile phone ownership. Use age category as the variable on the horizontal axis. b. Comment on the
> After deducting grants based on need, the average cost to attend the University of Southern California (USC) is $27,175. Assume the population standard deviation is $7400. Suppose that a random sample of 60 USC students will be taken from this population
> People often wait until middle age to worry about having a healthy heart. However, many studies have shown that earlier monitoring of risk factors such as blood pressure can be very beneficial (The Wall Street Journal). Having higher than normal blood pr
> The file Snow contains temperature and snowfall data for 51 major U.S. cities over 30 years. For example, the average low temperature for Columbus, Ohio, is 44 degrees and the average annual snowfall is 27.5 inches. a. Construct a scatter diagram with th
> A study on driving speed (miles per hour) and fuel efficiency (miles per gallon) for midsize automobiles resulted in the following data: a. Construct a scatter diagram with driving speed on the horizontal axis and fuel efficiency on the vertical axis.
> The following crosstabulation summarizes the data for two categorical variables, x and y. The variable x can take on values low, medium, or high and the variable y can take on values yes or no. a. Compute the row percentages. b. Construct a stacked per
> Consider the following data on two categorical variables. The first variable, x, can take on values A, B, C, or D. The second variable, y, can take on values I or II. The following table gives the frequency with which each combination occurs. a. Constr
> The following 20 observations are for two quantitative variables, x and y. a. Develop a scatter diagram for the relationship between x and y. b. What is the relationship, if any, between x and y?
> The U.S. Department of Energy’s Fuel Economy Guide provides fuel efficiency data for cars and trucks (Fuel Economy website). A portion of the data from 2018 for 341 compact, midsize, and large cars is shown in Table 2.13. The data set c
> Refer to Table 2.12. a. Prepare a crosstabulation of the data on Industry (rows) and Brand Revenue ($ billions). Use class intervals of 25 starting at 0 for Brand Revenue ($ billions). b. Prepare a frequency distribution for the data on Brand Revenue ($
> Each year Forbes ranks the world’s most valuable brands. A portion of the data for 82 of the brands in the 2013 Forbes list is shown in Table 2.12 (Forbes website). The data set includes the following variables: Brand: The name of the b
> The following crosstabulation shows the number of households (1000s) in each of the four regions of the United States and the number of households at each income level (U.S. Census Bureau website,https://www.census.gov/data/tables/time-series/demo/income
> The mean airfare for flights departing from Buffalo Niagara International Airport during the first three months of 2017 was $320.51. Assume the standard deviation for this population of fares is known to be $80. Suppose a random sample of 60 flights depa
> Recently, management at Oak Tree Golf Course received a few complaints about the condition of the greens. Several players complained that the greens are too fast. Rather than react to the comments of just a few, the Golf Association conducted a survey of
> The following crosstabulation shows the average speed of the 25 winners by year of the Daytona 500 automobile race (The World Almanac). a. Calculate the row percentages. b. What is the apparent relationship between average winning speed and year? What
> The Daytona 500 is a 500-mile automobile race held annually at the Daytona International Speedway in Daytona Beach, Florida. The following crosstabulation shows the automobile make by average speed of the 25 winners over a 25 year period (The World Alman
> The following observations are for two quantitative variables, x and y a. Develop a crosstabulation for the data, with x as the row variable and y as the column variable. For x use classes of 10–29, 30–49, and so on;
> The following data are for 30 observations involving two categorical variables, x and y. The categories for x are A, B, and C; the categories for y are 1 and 2. a. Develop a crosstabulation for the data, with x as the row variable and y as the column v
> The Flying Pig is a marathon (26.2 mile long) running race held every year in Cincinnati, Ohio. Suppose that the following data show the ages for a sample of 40 marathon runners. a. Construct a stretched stem-and-leaf display. b. Which age group had th
> Each year America.EDU ranks the best paying college degrees in America. The following data show the median starting salary, the mid-career salary, and the percentage increase from starting salary to mid-career salary for the 20 college degrees with the h
> The file EngineeringSalary contains the median starting salary and median mid-career salary (measured 10 years after graduation) for graduates from 19 engineering schools (The Wall Street Journal). Develop a stem-and-leaf display for both the median star
> Do you dislike waiting in line? Supermarket chain Kroger has used computer simulation and information technology to reduce the average waiting time for customers at 2300 stores. Using a new system called Que-Vision, which allows Kroger to better predict
> The website for the Bed and Breakfast Inns of North America gets approximately seven visitors per minute. Suppose the number of website visitors per minute follows a Poisson probability distribution. a. What is the mean time between visits to the website
> The mean time between failures (MTBF) is a common metric used to measure the performance of manufacturing systems. MTBF is the elapsed time between failures of a system during normal operations. The failures could be caused by broken machines or computer
> The following data show the year to date percent change (YTD % Change) for 30 stock-market indexes from around the world (The Wall Street Journal). a. What index has the largest positive YTD % Change? b. Using a class width of 5 beginning with â&
> A blackjack player at a Las Vegas casino learned that the house will provide a free room if play is for four hours at an average bet of $50. The player’s strategy provides a probability of .49 of winning on any one hand, and the player knows that there a
> Consider a multiple-choice examination with 50 questions. Each question has four possible answers. Assume that a student who has done the homework and attended lectures has probability .75 of answering any question correctly. a. A student must answer 43
> A machine fills containers with a particular product. The standard deviation of filling weights is known from past data to be .6 ounce. If only 2% of the containers hold less than 18 ounces, what is the mean filling weight for the machine? That is, what
> According to the National Association of Colleges and Employers, the 2015 mean starting salary for new college graduates in health sciences was $51,541. The mean 2015 starting salary for new college graduates in business was $53,901 (National Association
> Assume that the test scores from a college admissions test are normally distributed, with a mean of 450 and a standard deviation of 100. a. What percentage of the people taking the test score between 400 and 500? b. Suppose someone receives a score of 63
> According to U.S. News & World Reports, 7 of the top 10 graduate schools of business have students with an average undergraduate grade point average (GPA) of 3.50 or higher. Suppose that we randomly select 2 of the top 10 graduate schools of business. a.
> A deck of playing cards contains 52 cards, four of which are aces. What is the probability that the deal of a five-card poker hand provides a. A pair of aces? b. Exactly one ace? c. No aces? d. At least one ace?
> Customer arrivals at a bank are random and independent; the probability of an arrival in any one-minute period is the same as the probability of an arrival in any other one-minute period. Answer the following questions, assuming a mean arrival rate of th
> A regional director responsible for business development in the state of Pennsylvania is concerned about the number of small business failures. If the mean number of small business failures per month is 10, what is the probability that exactly 4 small bu
> A new automated production process averages 1.5 breakdowns per day. Because of the cost associated with a breakdown, management is concerned about the possibility of having three or more breakdowns during a day. Assume that breakdowns occur randomly, tha
> Entrepreneur magazine ranks franchises using performance measures such as growth rate, number of locations, startup costs, and financial stability. The number of locations for 20 U.S. franchises follows (The World Almanac). Use classes 0â€&#
> Foot Locker uses sales per square foot as a measure of store productivity. Sales are currently running at an annual rate of $406 per square foot. You have been asked by management to conduct a study of a sample of 64 Foot Locker stores. Assume the standa
> Cars arrive at a car wash randomly and independently; the probability of an arrival is the same for any two time intervals of equal length. The mean arrival rate is 15 cars per hour. What is the probability that 20 or more cars will arrive during any giv
> Mahoney Custom Home Builders, Inc. of Canyon Lake, Texas, asked visitors to their website what is most important when choosing a home builder. Possible responses were quality, price, customer referral, years in business, and special features. Results sho
> PBS News Hour reported in 2014 that 39.4% of Americans between the ages of 25 and 64 have at least a two-year college degree (PBS website). Assume that 50 Americans between the ages of 25 and 64 are selected randomly. a. What is the expected number of pe
> Many companies use a quality control technique called acceptance sampling to monitor incoming shipments of parts, raw materials, and so on. In the electronics industry, component parts are commonly shipped from suppliers in large lots. Inspection of a sa
> According to a 2017 Gallup survey, the percentage of individuals in the United States who are invested in the stock market by age is as shown in the following table (Gallup website). Age Range ……………….. Percent of Individuals Invested in Stock Market 18
> A Pew Research Survey asked adults in the United States which technologies would be “very hard” to give up. The following responses were obtained: Internet 53%, smartphone 49%, email 36%, and land-line phone 28% (USA Today website). a. If 20 adult Intern
> The Knowles/Armitage (KA) group at Merrill Lynch advises clients on how to create a diversified investment portfolio. One of the investment alternatives they make available to clients is the All World Fund composed of global stocks with good dividend yie
> A bookstore at the Hartsfield-Jackson Airport in Atlanta sells reading materials (paper-back books, newspapers, magazines) as well as snacks (peanuts, pretzels, candy, etc.). A point-of-sale terminal collects a variety of information about customer purch
> The Car Repair Ratings website provides consumer reviews and ratings for garages in the United States and Canada. The time customers wait for service to be completed is one of the categories rated. The following table provides a summary of the wait-time
> The U.S. Coast Guard (USCG) provides a wide variety of information on boating accidents including the wind condition at the time of the accident. The following table shows the results obtained for 4401 accidents (USCG website, http://www.uscgboating.org/
> University endowments are financial assets that are donated by supporters to be used to provide income to universities. There is a large discrepancy in the size of university endowments. The following table provides a listing of many of the universities
> The Panama Railroad Company was established in 1850 to construct a railroad across the isthmus that would allow fast and easy access between the Atlantic and Pacific Oceans. The following table provides annual returns for Panama Railroad stock from 1853
> Automobiles traveling on a road with a posted speed limit of 55 miles per hour are checked for speed by a state police radar system. Following is a frequency distribution of speeds. Speed (miles per hour) ……………………………. Frequency 45–49 …………………………………………………