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business
business statistics a first course
Questions and Answers of
Business Statistics A First Course
Download and examine Zarca Interactive’s “Sample Survey for Associations/Sample Questions for Surveys for Associations,” available at bit.ly/2p5HlGO.a. Give an example of a categorical variable
Three professors examined awareness of four widely disseminated retirement rules among employees at the University of Utah. These rules provide simple answers to questions about retirement planning
The Energy Information Administration reported the following sources of electricity in the United States in July 2017.What conclusions can you reach about the source of energy in July 2017?
The Consumer Financial Protection Bureau reports on consumer financial product and service complaint submissions by state, category, and company. The following table, stored in FinancialComplaints1,
The following table, stored in Smartphone Sales , represents the annual market share (percentage) of smartphones, by type, for the years 2011 through 2016.a. What conclusions can you reach about the
A sample of companies were asked three questions about analytics and artificial intelligence usage and their answers stored in Business Analytics , Machine Learning , and Self-learning Robots . The
Social media provides an enormous amount of data about the activities and habits of people using social platforms like Facebook and Twitter. The belief is that mining that data provides a treasure
Timetric’s 2016 survey of insurance professionals explores the use of technology in the industry. The file Technologies contains the responses to the question that asked what technologies these
A survey of 1,520 Americans adults asked “Do you feel overloaded with too much information?” The results indicate that 23% of females feel information overload compared to 17% of males. The
Planning and preparing for the unexpected, especially in response to a security incident, is one of the greatest challenges faced by information technology professionals today. An incident is
A study of selected Kickstarter projects showed that overall a majority were successful, achieving their goal and raising, at a minimum, the targeted amounts. In an effort to identify project types
The file NBACost contains the total cost ($) for four tickets purchased on the secondary market, two beers, two soft drinks, two hot dogs, and one parking space at each of the 30 National Basketball
The file Utility contains the following data about the cost of electricity (in $) during July 2018 for a random sample of 50 one-bedroom apartments in a large city.a. Construct a frequency
An Ipsos poll asked 1,004 adults “If purchasing a used car made certain upgrades or features more affordable, what would be your preferred luxury upgrade?” The results indicated that 9% of males
Data were collected on salaries of compliance specialists in corporate accounting firms. The salaries ranged from $61,000 to $261,000.a. If these salaries were grouped into six class intervals,
Call centers today play an important role in managing day-today business communications with customers. Call centers must be monitored with a comprehensive set of metrics so that businesses can
How much time do commuters living in or near cities spend commuting to work each week? The file CommutingTime contains the average weekly commuting time in 30 U.S. cities.For the weekly commuting
How do college students spend their day? The 2016 American Time Use Survey for college students found the following results:a. Construct a bar chart, a pie or doughnut chart, and a Pareto chart.b.
The file Drink contains the following data for the amount of soft drink (in liters) in a sample of fifty 2-liter bottles:a. Construct a cumulative percentage distribution.b. On the basis of the
How do the average credit scores of people living in different American cities differ? The data in Credit Scores is an ordered array of the average credit scores of 2,570 American cities.a. Construct
The Consumer Financial Protection Bureau reports on consumer financial product and service complaint submissions by state, category, and company. The following table, stored in FinancialComplaints1 ,
One operation of a mill is to cut pieces of steel into parts that will later be used as the frame for front seats in an automobile. The steel is cut with a diamond saw and requires the resulting
The following table indicates the percentage of residential electricity consumption in the United States, in a recent year organized by type of use.a. Construct a bar chart, a pie chart, and a Pareto
The file Bulbs contains the life (in hours) of a sample of forty 6-watt light emitting diode (LED) light bulbs produced by Manufacturer A and a sample of forty 6-watt LED light bulbs produced by
The Energy Information Administration reported the following sources of electricity in the United States in July 2017:a. Construct a Pareto chart.b. What percentage of power is derived from coal,
Timetric’s 2016 survey of insurance professionals explores the use of technology in the industry. The file Technologies contains the responses to the question that asked what technologies these
A survey of online shoppers revealed that in a recent year they bought more of their purchases online than in stores. The data in OnlineShopping reveals how their purchases were made.a. Construct a
A study of selected Kickstarter projects showed that overall a majority were successful, achieving their goal and raising, at a minimum, the targeted amounts. In an effort to identify project types
A survey of 1,520 American adults asked, “Do you feel overloaded with too much information?” The results indicate that 23% of females feel information overload compared to 17% of males. The
The following is a stem-and-leaf display representing the gallons of gasoline purchased (with leaves in tenths of gallons), for a sample of 25 cars that use a particular service station on the New
The file Utility contains the following data about the cost of electricity during July of a recent year for a random sample of 50 one-bedroom apartments in a large city:a. Construct a histogram and a
As player salaries have increased, the cost of attending baseball games has increased dramatically. The following histogram visualizes the total cost (in $) for two tickets, two beers, two hot dogs,
The following histogram and cumulative percentage polygon on page 70 visualize the data about the property taxes on a $176K home for the 50 states and the District of Columbia, stored in Property
Ipsos polled 1,004 adults asking them, “If purchasing a used car made certain upgrades or features more affordable, what would be your preferred luxury upgrade?” The summarized results show that
The file NBACost contains the total cost (in $) for four tickets purchased on the secondary market, two beers, two soft drinks, four hot dogs, and one parking space at each of the 30 NBA basketball
The file MobileSpeed contains the overall download and upload speeds in mbps for nine carriers in the United States.a. Construct an ordered array.b. Construct a stem-and-leaf display.c. Does the
How much time do Americans living in cities spend commuting to work each week? The file CommutingTime contains these times for 30 cities. For the time Americans living in cities spend commuting to
How do the average credit scores of people living in various cities differ? The file Credit Scores contains an ordered array of the average credit scores of 2,570 American cities.a. Construct a
The financial services call center in Problem 2.44 also monitors call duration, which is the amount of time spent speaking to customers on the phone. The file CallDuration contains the following data
One operation of a mill is to cut pieces of steel into parts that will later be used as the frame for front seats in an automobile. The steel is cut with a diamond saw and requires the resulting
Movie companies need to predict the gross receipts of individual movies once a movie has debuted. The following results, stored in PotterMovies , are the first weekend gross, the U.S. gross, and the
Examine the following visualization, adapted from one that appeared in the post “Who Are the Comic Book Fans on Facebook?” on February 2, 2013, as reported by graphicspolicy.com.a. Describe at
The file Movie Attendance contains the yearly movie attendance (in billions) from 2001 through 2016.a. Construct a time-series plot for the movie attendance (in billions).b. What pattern, if any, is
The file Bulbs contains the life (in hours) of a sample of forty 6-watt LED (light emitting diode) light bulbs produced by Manufacturer A and a sample of forty 6-watt LED light bulbs produced by
The data stored in Drink represents the amount of soft drink in a sample of fifty 2-liter bottles.a. Construct a histogram and a percentage polygon.b. Construct a cumulative percentage polygon.c. On
Data were collected on the typical cost of dining at Americancuisine restaurants within a 1-mile walking distance of a hotel located in a large city. The file Bundle contains the typical cost (a per
The file MobileSpeed contains the overall download and upload speeds in mbps for nine carriers in the United States.a. Do you think that carriers with a higher overall download speed also have a
A Pew Research Center survey found a noticeable rise in smartphone ownership and Internet usage in emerging and developing nations. Once online, adults in these nations are hungry for social
Using the sample of retirement funds stored in Retirement Funds :a. Construct a table that tallies Fund Type, Market Cap, Risk Level, and Star Rating.b. What conclusions can you reach concerning
The file NewHomeSales contains the number of new homes sold (in thousands) and the median sales price of new single-family houses sold in the United States recorded at the end of each month from
The Super Bowl is a big viewing event watched by close to 200 million Americans that is also a big event for advertisers. The file SuperBowlAds contains the number of ads that ran between the opening
Using the sample of retirement funds stored in Retirement Funds :a. Construct a table that tallies Fund Type, Market Cap, and Star Rating.b. What conclusions can you reach concerning differences
Using the sample of retirement funds stored in Retirement Funds:a. Construct a table that tallies, Market Cap, Risk Level, and Star Rating.b. What conclusions can you reach concerning differences
Using the sample of retirement funds stored in Retirement Funds :a. Construct a table that tallies Fund Type, Risk Level, and Star Rating.b. What conclusions can you reach concerning differences
Figure 2.4 on page 57 shows a bar chart and a pie chart for what devices millennials used to watch movies/TV shows.a. Create an exploded pie chart, a cone chart, or a pyramid chart that shows how
Figures 2.5 and 2.6 on pages 58 and 59, show a bar chart and a pie chart for the risk level for the retirement fund data.a. Create an exploded pie chart, a doughnut chart, a cone chart, and a pyramid
In the sample of 479 retirement funds, what are the attributes of the fund with the highest five-year return percentages?
Using the sample of retirement funds stored in Retirement Funds :a. Construct a chart that visualizes SD and Assets by Risk Level.b. Construct a chart that visualizes SD and Assets by Fund Type.
In the sample of 479 retirement funds (Retirement Funds), which funds in the sample have the lowest five-year return percentage?
The following table represents the market share (in number of movies, gross in millions of dollars, and millions of tickets sold) of each type of movie in a recent year:a. Construct a bar chart, a
Using the sample of retirement funds stored in Retirement Funds :a. Construct one chart that visualizes 10YrReturn and 1YrReturn by Market Cap.b. Construct one chart that visualizes 5YrReturn and
B2B marketers in North America were surveyed about content marketing usage, organization, and success. Content marketers were asked about how content marketing is structured within their organization
In the sample of 479 retirement funds (Retirement Funds), what characteristics are associated with the funds that have the lowest five-year return percentages?
The following table shown in the file TextbookCosts shows the breakdown of the costs of a typical college textbook.a. Using the categories of publisher, bookstore, and author, construct a bar chart,
Bring to class a chart from a website, newspaper, or magazine published this month that you believe to be a poorly drawn representation of a categorical variable. Be prepared to submit the chart to
The following data represents the pounds per capita of fresh food and packaged food consumed in the United States, Japan, and Russia in a recent year.a. For each of the three countries, construct a
The owner of a restaurant that serves Continental-style entrées has the business objective of learning more about the patterns of patron demand during the Friday-to-Sunday weekend time period. Data
What are the advantages and disadvantages of using a bar chart, a pie chart, a doughnut chart, and a Pareto chart?
Suppose that the owner of the restaurant in Problem 2.91 also wants to study the demand for dessert during the same time period. She decides that in addition to studying whether a dessert was
What is the difference between a drill-down and a slicer?
The Air Travel Consumer Report, a monthly product of the Department of Transportation’s Office of Aviation Enforcement and Proceedings (OAEP), is designed to assist consumers with information on
One of the major measures of the quality of service provided by an organization is the speed with which the organization responds to customer complaints. A large family-held department store selling
The file DomesticBeer contains the percentage alcohol, number of calories per 12 ounces, and number of carbohydrates (in grams) per 12 ounces for 159 of the best selling domestic beers in the United
The file CigaretteTax contains the state cigarette tax ($) for each state and the District of Columbia in a recent year.a. Construct an ordered array.b. Plot a percentage histogram.c. What
The file CDRate contains the yields for one-year certificates of deposit (CDs) and for five-year CDs for 52 banks in the United States, as of December 29, 2017.a. Construct a stem-and-leaf display
Download and upload speeds of an Internet connection is of great importance to both individuals and businesses in a community. The file CityInternetSpeed contains the average download and upload
The file Natural Gas contains the U.S. monthly average commercial and residential price for natural gas in dollars per thousand cubic feet from January 2008 through December 2016.For the commercial
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