The data in DJIA.XLS (CD-> browse->Excel_Data_Files) represent the closing value of the Dow Jones Industrial Average (DJIA) over the 24-year period 1979 through 2002. See Problem 15.17. Using EXCEL or PHStat2, answer the following: 1. Find a linear trend equation to these data. a) Y^ = -934.2717 + 452.5928X b) Y^ = 934.2717
Comparing Variations: 1. For the following exercise, complete the following: Find the mean, median, and range for each of the two data sets. Find the standard deviation using the rule of thumb for each of the data sets. Compare the two sets and describe what you discover. The following data sets shows t
What is meant by "central tendency" of data? Use 8 hypothetical data values that might be observed at your workplace and calculate the significant measures of central tendency (mean, median, and standard deviation).
Name and define three measures of central tendency. Give their formulas and an example of application.
Why is research conducted by business organizations? Explain the differences between qualitative research and quantitative research.
What effect does sample size, n, have on the estimate of the mean?
Statistical Techniques in Business and Economics Problem 88 (Ch3) Refer to the Baseball 2005 data, which reports information on the 30 major league teams for the 2005 baseball season. Select the variable team salary and find the mean, median, and the standard deviation. Select the variable that refers to the age the stad
For the data in the following matrix: no treatment treatment overall m=4 male m=5 m=3 female m=9 m=13 overall m=11 -------------------------------------------------------------------- overall m=7 overall m=8 a) describe
Nine college juniors are aspiring to become members of the hallowed Cardinal Club at LSU. Successful initiation involves accurately performing a series of rituals involving ordered mental and physical tasks, which include sips of beer at certain points, after initially having consumed six beers. Every time a participant botche
TCO 2) The heights of 10 sixth graders are listed in inches: {53, 61, 54, 60, 58, 62, 55, 58, 59, 56}. (a) Find the mean, median, mode, sample variance, and range. (b) Do you think that this sample might have come from a normal population? Why or why not?
The following data represent the results from an independent-measures study comparing three treatments. a) compare ss for the 3 set treatment means.(use the three means as a set of n=3 score and compare ss) b) using the result from part a compute n(ss means) c) now compute ss between with the computational formula using the
Please help with the following problem involving analysis of data. Provide at least 400 words in this posting. No references are requested. What are the four levels of data? Indicate them along with a definition of each in order from lowest to highest.
What are the 3 Measurements of Central Tendency and how do you use them in the workplace?
A group of college students made the decision to attempt to join the infamous Cardinal Club. The initiation into the Cardinal Club involves consuming six beers and then performing a series of hand and spoken rituals which the 'candidate' is shown and allowed to practice a couple of times before the beginning of the initiation.
The length of time to do a complete full service oil change at Speedy-Lube is normally distributed with a mean of 15.8 minutes and a standard deviation of 2.2 minutes. X P(X < x) P(X > x) Mean Std dev 11 .0146 .9854 15.8 2.2 15 .3581 .6419 15.8 2.2 21 .9910 .0090 15.8 2.2 24 .9999 .0001 15.8 2.2 p(lower) p(upper)
A group of college students made the decision to attempt to join the infamous Cardinal Club. The initiation into the Cardinal Club involves consuming six beers and then performing a series of hand and spoken rituals which the 'candidate' is shown and allowed to practice a couple of times before the beginning of the initiation.
Make a stem plot to check if there are no major departures from Normality. What proportions of the scores are within on standard deviation and within two standard deviations of the mean? What would these proportions be in exactly Normal distribution?
For the following exercise, complete the following: Find the mean, median, and range for each of the two data sets. Find the standard deviation using the rule of thumb for each of the data sets. Compare the two sets and describe what you discover. The following data sets shows the ages of the first seven president
A research team at a large university hospital has just completed a pilot study of an innovative new treatment that is intended to be used to treat patients in the later stages of prostate cancer. They had 12 patients, males, ranging in age from 47 to 73. All had been diagnosed as in stage 4 of the disease within 4 weeks of agre
Tables is already done in attachment ... Select the appropriate statistical test that allows you to conduct an analysis of the factors affecting hospital costs. You will have to select the correct statistical test and conduct that test in Excel. 1. analyze your data and produce a 250-word summary describing the major find
1. Compare and contrast the advantages and/or disadvantages of using a bar chart, a pie chart, or a Pareto diagram. 2. Discuss the differences among the mean, median, and mode. What are the advantages and disadvantages of each? 3. Explain how the empirical rule helps explain the ways in which the values in a set of numeric
I need help understanding the attachment. --------------------- The distribution shown below has a positive skew. The mean is larger than the median. [See attachment] The distribution shown below has a negative skew. The mean is smaller than the median. [See attachment]
After some special presentations, the employees of the AV Center have to move overhead projectors back to classrooms. The table below indicates the buildings where the projectors are now (the sources), where they need to go (the destinations), and a measure of the distance between sites. Destination Source Business Ed
1. In a Gallup poll of 1,038 adults, 540 said that second-hand smoke is very harmful. What is the percentage of adults who said second-hand smoke is very harmful? 2. The first class in a relative frequency table is 50-59 and the corresponding relative frequency is 0.2. What does the 0.2 value indicate? 3.
See attached data file. Using AIU's survey responses from the AIU data set, complete the following requirements in the form of a report: Perform a two-tailed hypothesis test on the intrinsic variable AND a two-tailed hypothesis test on the extrinsic variable's data using a .05 significance level. Begin by creating a null
87. Refer to the Real Estate data, which reports information on homes sold in the Denver, Colorado, area last year. a. Select the variable selling price. 1. Find the mean, median, and the standard deviation. 2. Write a brief summary of the distribution of selling prices. b. Select the variable referring to the area of the
12. A specialty bookstore concentrates mainly on used books. Paperbacks are $1.00 each, and hardcover books are $3.50. Of the 50 books sold last Tuesday morning, 40 were paperback and the rest were hardcover. What was the weighted mean price of a book? 59. A major cost factor in the purchase of a home is the monthly loan paym
Chapter 8 Book Practical Business Statistics 5th edition Andrew F. Siegel Problem 31 Here is a list of the dollar amounts of recent billings: $994, $307, $533, $443, $646, $148, $307, $524, $71, $973, $710, $342, $494 a. Find the average sale. What does this number represent? b. Find the standard deviation. What does
According to the Scranton Edison Company, utility-plant investment per employee was approximately $453,300; $492,400; $498,900; $531,900; $553,900; and $573,300 for the years 1996 through 2001, respectively. The number of employees working at the plant at the end of the year was 3,876; 3,874; 4,115; 4,252; 4,364; and 4.428, resp
Let X and Y be two jointly distributed random variables with joint characteristic function Where α, β, and γ are positive constants. Y is a Poisson random variable with what mean?