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Descriptive Statistics

Statistics Data Set

1. The following data set represents the repair costs (in dollars) for a random sample of 30 dishwashers. 41.82 52.81 57.80 68.16 73.48 78.88 88.13 88.79 90.07 90.35 91.68 91.72 93.01 95.21 95.34 96.50 100.05 101.32 103.59 104.19 105.62 111.32 117.14 118.42 118.77 119.01 120.70 140.52 141.84 147.06 (a) Find the point esti

Calculating house prices with sample statistics

Hi, I want the answers for: 1-The mean price of new homes from a sample of houses is $155,000 with a standard deviation of $15,000. The data set has a bell-shaped distribution. Between what two prices do 95% of the houses fall? Refer to the sample statistics of Exercise 5 and use z-scores to determine which, if any, of th

Creating null and alternative hypotheses

Question 3 State the null and alternative hypotheses for each of the following: a. You want to show an increase in buying and selling of single-family homes this year when compared with last year's rate. b. You are testing a new recipe for "low-fat" cheesecake and expect to find that its taste is not as good as traditional ch

Normally Distributed Grades

See the attachments. Exercises 2.16, 2.20, 2.24, 2.26 (b, d) Exercises 4.10 (a,d), 4.14, 4.20, 4.24, 4.32, 4.42, 4.50.

Surveys, sampling method and categorical data

Chapter 3 & 4 Sample Problems Chapter 3 5. GFK Roper Consulting conducts a global consumer survey to help multinational companies understand different consumer attitudes throughout the world. In India, the researchers interviewd 1000 people aged 13-65 . Their sample is designed so that they get 5

calculating probability and checking independence

Chapter 7 Sample Problems 41. A company has recently replaced their e-mail server because previously mail was interrupted on about 15% of workdays. To see how bad the situation was, calculate the probablity that during a 5-day work week, there would be an e-mail interruption. A) On Monday and again on Tuesday?

Determining the sample size in the given case

If the manager of a paint supply store wants to estimate the mean amount of paint in a 1-gallon can to within +/- 0.004 gallon with 95% confidence and also assumes that the standard deviation is 0.02 gallon, what sample size is needed? Please answer in excel using functions.

Confidence Interval Estimate: Social Media Example

In a survey of 1200 social media users, 76% said okay to friend co-workers, but 56% said it is not okay to friend co-workers. (Data extracted from "Facebook Etiquette at work," USA Today, March 24, 2010, p.1B). a. Construct a 95% confidence interval estimate for population proportion of social media users who would say it is

Relationship: Correlations and Regressions

Your final project entails systematic extraction of decision-aiding insights from a dataset (SampleDataSet.xlsx) provided to you in the Doc Sharing area. The goal of this project is to provide you with hands-on experience in conducting and interpreting different types of statistical analysis. The focus of your analysis will be o

Statistics -savings rates in the US

The significant decline of savings in the United States from the 1970s and 1980s to the 1990s and 2000s has been widely discussed by economists (money.cnn.com, June 30, 2010). According to the Bureau of Economic Analysis, the savings rate of American households, defined as a percentage of the disposable personal income, was 4.20

Finding the Labor Hours in the Given Case

The first unit of a product took 832 hours to build, and the learning rate is 90%. How long will it take to make the 20th unit? Estimated labor requirements to build 20th unit =________________hours.

The solution gives detailed discussion on a study using Chi Square test.

Describe a study you might design that could use the Chi Square statistic. What are the variables? What are the null and alternative hypotheses? Why would the Chi Square test be appropriate for this design? What would the Chi Square statistic indicate in relation to your research question? What would it not indicate? Be specific

T-Test for Dependent Groups

See the attached file(s). Questions: t-test for dependent groups 1. What are the two groups whose results are reflected by the t ratios in Tables 2 and 3? 2. Which t ratio in Table 2 represents the greatest relative or standardized difference between the pretest and 3 months outcomes? Is this t ratio statistically signi

Statistics Pitfalls

Explain/discuss each pitfall and how it might impact good problem solving in the business environment. 1. Making conclusions about a large population from a small sample 2. Making conclusions from nonrandom samples 3. Attaching importance to rare observations 4. Using poor survey methods

Data Collection Methods Vs Data Sources

Would you please explain to me the difference between data collection methods and Data Sources? -Please site examples from the attached article? -What were the data collection methods used in the article? -What were the data sources used in the article? -What are the threats to the collection methods used? -What are th

Five Statistics Probability Questions

1) An oil change shop advertised to change oil within 20 minutes. Based on the data collected on five days of work, what is the probability that oil change will take less than 20 minutes? Based on the data, do you think the business claim is valid? Explain why or why not. If not, what advertising claim could you make based upon

Identifying Hypotheses and Statistical Analyses

Practical Application Scenario 1 You are the manager of the Gander Mountain store in Frogtown, Illinois. Recently, a customer mentioned that they believed your prices for ammunition were lower than the prices of Gander's primary competitor in the hunting equipment market, Cabela's. You would like to be able to include that stat

Proper usage of the one-way, repeated measures, and factorial ANOVA

Find three research studies of interest to you that provide proper usage of the one-way, repeated measures, and factorial ANOVA. State the null hypothesis that was tested in each study. Interpret the F statistic for each study and make a determination regarding the null hypothesis (reject or fail to reject). Comment further o

Measure of central tendency and dispersion

Measure of central tendency and dispersion allow researchers to analyze data more effectively. A quick serve restaurant chain commissioned a research study on the introduction of a new salad product. The survey asked the respondent for an assessment of the new salad. The questions included a rating from 0 (lowest) to 10 (highest

Discussion on ANOVA, t test and F test

Below are a list of questions that I find particularly interesting to get some basic fundamentals down. There does not need to be much detail into any of these questions, just enough information to suffice the question (i.e. maybe a couple of sentences or key points). What is an ANOVA? Why is it called ANOVA (Explain the bas

Using Excel to calculate descriptive statistics

Download the Excel file for HW3, which contains two sets of data for two variables. 1. For the first set of paired data (sheet 1): a) Make a scatterplot of the data. b) Use Excel functions to find the means and standard deviations of each variable. c) Working in Excel, calculate the correlation coefficient (r) by cr

Power Analysis and type of quantitative test

Please help with type/s of analysis and power analysis. I am thinking ANOVA and Pearson's target population 60 nursing students (40 from the BSN program and 20 from the ASN program) Research Questions: Compare BSN students who have lecture to those who do not receive lecture on safety Compare ASN students who have lecture t

Simple statistical calculations

Statistical Calculations 1. Use the data in the table below to 1. Prepare a frequency distribution of the respondents' ages 2. Cross-tabulate the respondents' genders with cola preference 3. Identify any outliers 2. Data on the average size of soda (in ounces) at all 30 major league baseball parks are as follows: 14

Linear Optimization Model Problem

I need quick help with this problem and Excel SOLVER setup. I would like someone to review this, fix the solver issues and explain this problems outcome. Linear Optimization Model: Klein Industries manufactures three types of portable air compressors: small, medium, and large, which have unit profits of $20.50, $34.00, and

Generating 95% Confidence Intervals

Data was collected in a clinical trial evaluating a new compound designed to improve wound healing in trauma patients. The new compound was compared against a placebo. After treatment for 5 days with the new compound or placebo, the extent of wound healing was measured and the data are shown in the table below. Suppose that clin