Describe the difference in appearance between a bar graph and a histogram and describe the circumstances in which each type of graph is used to represent sample data. How would the same variables be represented in a population?
> If the population standard deviation is σ = 24, how large a sample is necessary to have a standard error that is a. equal to 6 points? b. equal to 3 points? c. equal to 2 points?
> For a population with σ = 16, how large a sample is necessary to have a standard error that is a. equal to 8 points? b. equal to 4 points? c. equal to 2 points?
> For a population with a mean of μ = 72 and a standard deviation of σ = 10, what is the standard error of the distribution of sample means for each of the following sample sizes? a. n = 4 scores b. n = 25 scores
> By definition, jumbo shrimp are those that require between 10 and 15 shrimp to make a pound. Suppose that the number of jumbo shrimp in a 1-pound bag averages μ = 12.5 with a standard deviation of σ = 1.5, and forms a normal distribution. What is the pro
> Suppose that all possible n = 50 samples are selected from a population. How would the mean, standard deviation, and shape of the resulting sampling distribution compare to a sampling distribution based on all possible n = 100 samples?
> For the following set of scores: a. Organize the scores in a frequency distribution table. b. Based on the frequencies, identify the shape of the distribution.
> A population has a mean of μ = 30 and a standard deviation of σ = 8. a. If the population distribution is normal, what is the probability of obtaining a sample mean greater than M = 32 for a sample of n = 4? b. If the population distribution is positivel
> A normal distribution has a mean of μ = 58 and a standard deviation of σ = 12. a. What is the probability of randomly selecting a score less than X = 52? b. What is the probability of selecting a sample of n = 9 scores with a mean less than M = 52? c. Wh
> Scores from a questionnaire measuring social anxiety form a normal distribution with a mean of μ = 50 and a standard deviation of σ = 10. What is the probability of obtaining a sample mean greater than M = 53 a. for a random sample of n = 4 people? b. fo
> Scores on a standardized reading test for fourth-grade students form a normal distribution with μ = 71 and σ = 24. What is the probability of obtaining a sample mean greater than M = 63 for each of the following? a. A sample of n = 9 students b. A sample
> A population forms a normal distribution with a mean of μ = 85 and a standard deviation of σ = 24. For each of the following samples, compute the z-score for the sample mean. a. M = 91 for n = 4 scores b. M = 91 for n = 9 scores c. M = 91 for n = 16 scor
> A sample of n = 64 scores has a mean of M = 68. Assuming that the population mean is μ = 60, find the z-score for this sample: a. If it was obtained from a population with σ = 16 b. If it was obtained from a population with σ = 32 c. If it was obtained f
> Sales representatives at a cellular phone retailer sell a mean of μ = 200 and a standard deviation of σ = 50 smartphones per year. At the Rochester, New York, branch, n = 25 representatives sell M = 220. Compute the z-score for the Rochester branch.
> For a population with a mean of μ = 40 and a standard deviation of σ = 12, find the z-score corresponding to each of the following samples. a. X = 52 for a sample of n = 1 score b. M = 52 for a sample of n = 9 scores c. M = 52 for a sample of n = 16 scor
> What proportion of a normal distribution is located between each of the following z-score boundaries? a. z = -1.64 and z = +1.64 b. z = -1.96 and z = +1.96 c. z = -1.00 and z = +1.00
> Find each of the following probabilities for a normal distribution. a. p(z > +2.00) b. p(z > -1.00) c. p(z < +0.50) d. p(z < +1.75)
> Describe how the goal of an experimental research study is different from the goal for nonexperimental or correlational research. Identify the two elements that are necessary for an experiment to achieve its goal.
> Draw a vertical line through a normal distribution for each of the following z-score locations. Find the proportion of the distribution located between the mean and the z-score. a. z = +1.60 b. z = +0.90 c. z = -1.50 d. z = -0.40
> Draw a vertical line through a normal distribution for each of the following z-score locations. Determine whether the tail is on the right or left side of the line and find the proportion in the tail. a. z = +1.00 b. z = +0.33 c. z = -0.10 d. z = -0.67
> Draw a vertical line through a normal distribution for each of the following z-score locations. Determine whether the body is on the right or left side of the line and find the proportion in the body. a. z = +2.00 b. z = +0.50 c. z = -1.50 d. z = -1.67
> Bags of Skittles™ candies include six different colors: red, orange, yellow, green, blue, and purple. If the bag has an equal number of each of the six colors, what are the probabilities for each of the following? a. Randomly selecting a green candy? b.
> A psychology class consists of 32 freshmen and 48 sophomores. If the professor selects names from the class list using random sampling, a. what is the probability that the first student selected will be a freshman? b. and if a random sample of n = 6 stud
> Suppose that a researcher is interested in the effect of new smart drug on IQ. Scores from the IQ test are normally distributed with a mean of μ = 100 and σ = 15. A participant receives the smart drug and completes the IQ assessment. a. If the treatment
> Seattle, Washington, averages μ = 34 inches of annual precipitation. Assuming that the distribution of precipitation amounts is approximately normal with a standard deviation of σ = 6.5 inches, determine whether each of the following represents a fairly
> According to a recent report, the average American consumes 22.7 teaspoons of sugar each day (Cohen, August 2013). Assuming that the distribution is approximately normal with a standard deviation of σ = 4.5, find each of the following values. a. What per
> Suppose that the distribution of scores on the Graduate Record Exam (GRE) is approximately normal, with a mean of μ = 150 and a standard deviation of σ = 5. For the population of students who have taken the GRE: a. What proportion have GRE scores less th
> For a normal distribution with a mean of m = 85 and a standard deviation of s = 20, find the proportion of the population corresponding to each of the following. a. Scores greater than 89 b. Scores less than 72 c. Scores between 70 and 100
> Describe the data for a correlational research study and explain how these data are different from the data obtained in experimental and nonexperimental studies, which also evaluate relationships between two variables.
> Find the z-score boundaries that separate a normal distribution as described in each of the following. a. The middle 95% from the 5% in the tails b. The middle 50% from the 50% in the tails c. The middle 75% from the 25% in the tails d. The middle 60% fr
> Find the z-score boundaries that separate a normal distribution as described in each of the following. a. The middle 20% from the 80% in the tails b. The middle 25% from the 75% in the tails c. The middle 70% from the 30% in the tails d. The middle 90% f
> Find the z-score location of a vertical line that separates a normal distribution as described in each of the following. a. 5% in the tail on the right b. 20% in the tail on the left c. 90% in the body on the right d. 50% on each side of the distribution
> Find each of the following probabilities for a normal distribution. a. p(-1.80 < z < 0.20) b. p(-0.40 < z < 1.40) c. p(0.25 < z < 1.25) d. p(-0.90 < z < -0.60)
> What are the two requirements for a random sample?
> A sample has a mean of M = 90 and a standard deviation of s = 20. a. Find the z-score for each of the following X values. b. Find the X value for each of the following z-scores.
> For a population with μ = 80 and σ = 9, find the z-score for each of the following X values.
> For a population with μ = 50 and σ = 6: a. Find the z-score for each of the following X values. b. Find the score (X value) that corresponds to each of the following z-scores.
> For a sample with a standard deviation of s = 15, describe the location of each of the following z-scores in terms of its position relative to the mean. For example, z = +1.00 is a location that is 15 points above the mean. a. z = -1.20 b. z = +0.80 c. z
> For a population with a standard deviation of σ = 10, find the z-score for each of the following locations in the distribution. a. Above the mean by 10 points b. Above the mean by 5 points c. Below the mean by 20 points d. Below the mean by 6 points
> The following scores are the ages for a random sample of n = 32 drivers who were issued parking tickets in Chicago during 2019. Determine the best interval width and place the scores in a grouped frequency distribution table. From looking at your table,
> A score of X = 75 is measured in a population with a mean of μ = 100. A z-score of z = +1.50 is calculated. Without knowing the standard deviation, explain why the z-score of z = +1.50 is incorrect.
> For each of the following populations, would a score of X = 85 be considered a central score (near the middle of the distribution) or an extreme score (far out in the tail of the distribution)? a. μ = 75 and σ = 15 b. μ = 80 and σ = 2 c. μ = 90 and σ = 2
> A researcher is interested in the effects of a “smart drug” on performance on a standardized intelligence test with a mean of μ = 200 and a standard deviation of σ = 50. Suppose that a participant who receives the smart drug subsequently earns a score of
> A sample consists of the following n = 5 scores: 8, 4, 10, 0, 3. a. Compute the mean and standard deviation for the sample. b. Find the z-score for each score in the sample. c. Transform the original sample into a new sample with a mean of M = 100 and s
> Identify the letters in the following distribution that correspond to the following z-scores. a. z = 12.00 b. z = 0.00 c. z = 22.00 d. z = 20.50
> A population consists of the following N = 7 scores: 6, 1, 0, 7, 4, 13, 4. a. Compute μ and σ for the population. b. Find the z-score for each score in the population. c. Transform the original population into a new population of N = 7 scores with a mean
> A sample with a mean of M = 62 and a standard deviation of σ = 5 is transformed into a standardized distribution with μ = 50 and s = 10. Find the new, standardized score for each of the following values from the original population. a. X = 61 b. X = 55 c
> Your professor tells you that all exam scores were transformed to z-scores for the midterm examination. Describe the mean and standard deviation of the resulting distribution of z-scores.
> The Graduate Record Exam is a standardized test taken by many graduating college seniors. GRE scores are often included in applications to masters or doctoral programs. Suppose that a psychology major received a score of X = 160 on the verbal section of
> In a population distribution, a score of X = 56 corresponds to z = -0.40 and a score of X = 70 corresponds to z = +1.00. Find the mean and standard deviation for the population. (Hint: Sketch the distribution and locate the two scores on your sketch.)
> For a sample with a mean of M = 63, a score of X = 54 corresponds to z = 20.75. What is the sample standard deviation?
> For a sample with a standard deviation of s = 4, a score of X = 35 corresponds to z = -1.25. What is the sample mean?
> You are told that the results of an extraversion assessment gave you a z-score of +2.00. What does that mean about your level of extraversion relative to the mean?
> For a population with a mean of μ = 45, a score of X = 54 corresponds to z = +1.50. What is the population standard deviation?
> For a population with a standard deviation of σ = 12, a score of X = 115 corresponds to z = +1.25. What is the population mean?
> For a population with a standard deviation of σ = 4, a score of X = 24 corresponds to z = 21.50. What is the population mean?
> A score that is 10 points above the mean corresponds to a z-score of z = +1.20. What is the sample standard deviation?
> A score that is 20 points below the mean corresponds to a z-score of z = - 0.50. What is the population standard deviation?
> Find the z-score corresponding to X = 24 and the X value corresponding to z = +1.50 for each of the following samples. a. M = 20 and s = 12 b. M = 20 and s = 4 c. M = 30 and s = 8 d. M = 30 and s = 10
> Find the z-score corresponding to X = 105 and the X value corresponding to z = +0.40 for each of the following populations. a. μ = 100 and σ = 12 b. μ = 100 and σ = 4 c. μ = 80 and σ = 14 d. μ = 80 and σ = 6
> In your most recent checkup, your physician listed that your height is 70 inches, rounded to the nearest whole inch. Why is it unlikely that your height is exactly 70 inches? What are the upper and lower real limits of your height?
> For the following set of scores: a. Place the scores in a frequency distribution table. Include columns for proportion and percentage in your table. b. n = ?
> Royal Kitchen Supplies is a wholesale business. The transactions involving sales and cash receipts for the firm during August 20X1 and the general ledger accounts used to record these transactions are listed below. INSTRUCTIONS 1. Open the general ledger
> The cash payments of European Gift Shop, a retail business, for September and the general ledger accounts used to record these transactions appear below. INSTRUCTIONS 1. Open the general ledger accounts and enter the balances as of September 1, 20X1. 2.
> Ez Suppliers is a retail store that sells cards, business supplies, and novelties. The firm’s cash receipts during June 20X1 and the general ledger accounts used to record these transactions appear below. INSTRUCTIONS 1. Open the genera
> Cards ’n More is a retail card, novelty, and business supply store. Its credit purchases and purchases returns and allowances for February 20X1 appear below. The general ledger accounts and the creditors’ accounts in t
> The Green Thumb is a retail store that sells garden equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for December are shown below. The general ledger accounts used to record these transactions are also provide
> 1. Set up an accounts payable subsidiary ledger for Mountain Ski Shop. Open an account for each of the creditors listed below and enter the balances as of May 1, 20X1. Arrange the accounts payable ledger in alphabetical order. 2. Post the individual entr
> Mountain Ski Shop is a retail store that sells ski equipment and clothing. The firm’s credit purchases and purchases returns and allowances during May 20X1 follow, along with the general ledger accounts used to record these transactions
> The Vintage Nursery is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during February. All customers have credit terms of n/30. INSTRUCTIONS 1. Record the transactions in the proper journal. Use 5
> Wine Country Gift Shop sells cards, supplies, and various holiday gift items. All sales are subject to a sales tax of 8 percent. The shop uses a sales journal and general journal. All customers have credit terms of n/30. INSTRUCTIONS 1. Record the credit
> The Furniture Lot is a retail store that specializes in modern living room and dining room furniture. Merchandise sales are subject to an 8 percent sales tax. The firm’s credit sales and sales returns and allowances for June are reflect
> On what financial statement do the accounts related to purchases of merchandise appear? In which section of this statement are they reported?
> Awesome Appliances is a retail store that sells household appliances. Merchandise sales are subject to an 8 percent sales tax. The firm’s credit sales for June are listed below Instruction 4, along with the general ledger accounts used
> A partially completed worksheet for Rissa Potter, CPA, for the month ending June 30, 20X1, is shown below. INSTRUCTIONS 1. Record the balances as of June 30 in the ledger accounts. 2. Prepare the worksheet. 3. Journalize (use 3 as the journal page number
> On December 31, after adjustments, The Pollock Family Farm’s ledger contains the following account balances. 101 Cash $21,374 Dr. 111 Accounts Receivable 5,400 Dr. 121 Supplies 2,750 Dr. 131 Prepaid Rent 17,325 Dr. 141 Equipment 27,000
> A completed worksheet for Elegant Lawn Nursery and Landscape is shown below. INSTRUCTIONS 1. Record the balances as of December 31 in the ledger accounts. 2. Journalize (use 3 as the page number) and post the adjusting entries. Use account number 131 for
> Tobias Cleaning and Maintenance, owned by Triana Tobias, provides cleaning services to hotels, motels, and hospitals. On January 31, 20X1, the firm’s worksheet showed the following adjustment data. The balances of the revenue and expense accounts listed
> Christopher Foster owns Estate Planning and Investments Company. The trial balance of the firm for June 30, 20X1, the first month of operations, is shown below. INSTRUCTIONS 1. Complete the worksheet for the month. 2. Prepare an income statement, stateme
> The completed worksheet for JP’s Accounting Services for the month ended December 31, 20X1, appears on the next page. INSTRUCTIONS 1. Prepare an income statement. 2. Prepare a statement of owner’s equity. The owner made no additional investments during t
> The adjusted trial balance of Sergio Mendez, Attorney-at-Law, as of November 30, 20X1, after the company had completed the first month of operations, appears below. Appropriate adjustments have been made for the following items: a. Supplies used during t
> The trial balance of Lazo Company as of February 28, 20X1, appears below. INSTRUCTIONS 1. Record the trial balance in the Trial Balance section of the worksheet. 2. Complete the worksheet by making the following adjustments: supplies on hand at the end o
> Several transactions that occurred during December 20X1, the first month of operation for Wells’ Accounting Services, follow. The company uses the general ledger accounts listed below. INSTRUCTIONS Record the transactions in the general
> What is the normal balance of the Purchases account?
> All the journal entries shown below contain errors. The entries were prepared by an employee of Helena Corporation who does not have an adequate knowledge of accounting. INSTRUCTIONS Examine the journal entries carefully to locate the errors. Prepare jou
> In June 20X1, Chan Lee opened a photography studio that provides services to public and private schools. His firm’s financial activities for the first month of operations and the chart of accounts appear below. INSTRUCTIONS 1. Journaliz
> The transactions listed below took place at Prasad Building Cleaning Service during September 20X1. This firm cleans commercial buildings for a fee. INSTRUCTIONS Analyze and record each transaction in the general journal. Choose the account names from th
> The accounts and transactions of Brian Carter, Counselor and Attorney at Law, follow. INSTRUCTIONS Analyze the transactions. Record each in the appropriate T accounts. Use plus and minus signs in front of the amounts to show the increases and decreases.
> The following transactions took place at P and W Capital Investments. INSTRUCTIONS Analyze each of the transactions. For each transaction, decide what accounts are affected and set up T accounts. Record the effects of the transaction in the T accounts. T
> The following transactions took place at Aircraft Maintenance Company. INSTRUCTIONS For each transaction, set up T accounts from the following list: Cash; Shop Equipment; Store Equipment; Truck; Accounts Payable; Shirley Cosby, Capital; and Shirley Cosby
> What is the difference between a purchase invoice and a sales invoice?
> The following transactions took place at Willis Counseling Services, a business established by Raymond Willis. INSTRUCTIONS For each transaction, set up T accounts from this list: Cash; Office Furniture; Office Equipment; Automobile; Accounts Payable; Ra
> The following transactions occurred at several different businesses and are not related. INSTRUCTIONS Analyze each of the transactions. For each, decide what accounts are affected and set up T accounts. Record the effects of the transaction in the T acco
> The accountant for the firm owned by Vincent Sutton prepares financial statements at the end of each month. INSTRUCTIONS Use the figures in the T accounts for Problem 3.4A to prepare a trial balance, an income statement, a statement of owner’s equity, an
> The following equation shows the transactions of Cotton Cleaning Service during May. The business is owned by Taylor Cotton. INSTRUCTIONS Analyze each transaction carefully. Prepare an income statement and a statement of owner’s equity
> Oil Field Equipment Repair Service is owned by Jack Phillips. INSTRUCTIONS Use the following figures to prepare a balance sheet dated February 28, 20X1. (You will need to compute the owner’s equity.) Cash $137,200 Supplies 25,520 Accounts Receivable 52,8
> Carter Wilson is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firm’s financial records showed the following assets, liabilities, and owner’s equity. INSTRUCTIONS
> On July 1, Alfred Herron established Herron Commercial Appraisal Services, a firm that provides expert commercial appraisals and represents clients in commercial appraisal hearings. INSTRUCTIONS Analyze the following transactions. Record in equation form
> OZ Innovations, Inc., is currently manufacturing a part that goes into its main product. Each year 5,000 of these parts are used. Cost data for the past year that relates to the 5,000 parts are given below. Fixed costs are allocated on the basis of direc
> Prince Corporation makes a single product that it sells to retail stores. The firm’s finishing department uses hand labor to perform its work on all products. A proposal has been made by the company’s vice president to acquire machinery that will perform
> Texas Controls Inc. began operations in 20X1 to manufacture a single product. There are no ending work-in-process inventories. Relevant data for the year follow: OPERATING DATA FOR 20X1 Quantities: Beginning inventories, finished goods –0– Units produced
