Business Statistics A First Course 8th Global Edition David M. Levine, Kathryn A. Szabat, David F. Stephan - Solutions

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on page 120 concerning the weights of Boston and Vermont shingles, write a report that evaluates whether the weights of the pallets of the two types of shingles are what the company expects. Be sure to incorporate tables and charts into the report.
Referring to the results from Problem
(Class Project) Cross-classify each student in the class by gender (male, female) and current employment status (yes, no), so that the instructor can tally the results.a. Construct a table with either row or column percentages, depending on which you think is more informative.b. What would you
(Class Project) Have each student in the class respond to the question “Which carbonated soft drink do you most prefer?” so that the instructor can tally the results into a summary table.a. Convert the data to percentages and construct a Pareto chart.b. Analyze the findings.
A/B testing allows businesses to test a new design or format for a web page to determine if the new web page is more effective than the current one. Web designers decide to create a new call-to-action button for a web page. Every visitor to the web page was randomly shown either the original
The file Currency contains the exchange rates of the Canadian dollar, the Japanese yen, and the English pound from 1980 to 2017, where the Canadian dollar, the Japanese yen, and the English pound are expressed in units per U.S. dollar.a. Construct time-series plots for the yearly closing values of
on page 100.
The data stored in Drink represent the amount of soft drink in a sample of 50 consecutively filled 2-liter bottles.a. Construct a time-series plot for the amount of soft drink on the Y axis and the bottle number (going consecutively from 1 to 50)on the X axis.b. What pattern, if any, is present in
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.Source: Data extracted from “U.S. Natural Gas Prices,” bit.ly/2oZIQ5Z, accessed March 19, 2017.For the commercial
The file Protein contains calorie and cholesterol information for popular protein foods (fresh red meats, poultry, and fish).Source: U.S. Department of Agriculture.a. Construct frequency and percentage distributions for the number of calories.b. Construct frequency and percentage distributions for
What was the average price of a room at two-star, threestar, and four-star hotels around the world during 2016? The file Hotel Prices contains the average hotel room prices in Canadian dollars (about U.S. $0.75 as of December 2016) per night paid by Canadian travelers.Source: Data extracted from
Studies conducted by a manufacturer of Boston and Vermont asphalt shingles have shown product weight to be a major factor in customers’ perception of quality. Moreover, the weight represents the amount of raw materials being used and is therefore very important to the company from a cost
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 speeds in Mbps for 100 United States cities.Source: Data extracted from J. Kirschner, “The Fastest
The file IndexReturn contains data about the performance of 38 indexes across the world as of July 2018.Source: Data extracted from https://bit.ly/2yS1QcS.a. Construct a stem-and-leaf display for one-year returns and fiveyear returns.b. Construct a scatter plot of one-year returns versus five-year
In 1986, the Big Mac index was created by The Economist as a lighthearted guide to whether currencies are at their “correct”level. The file BigMacIndex201807 contains the dollar price(rounded to two decimals) of a Big Mac burger in 56 countries as of July 2018.Source: Data extracted from
The file RateBeerTop50 contains the alcohol percentage, alcohol by volume, number of ratings (count), rank, and average score as of July 2018 for the top 50 beers of the world.Source: data extracted from https://bit.ly/2BcTBMo.a. Construct a percentage histogram for the count, the alcohol by
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 furniture and flooring, including carpet, had undergone a major expansion in the past several years.
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 the quality of services provided by airlines. The report includes a summary of consumer complaints by
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.COUNTRY FRESH FOOD United States Japan Russia Eggs, nuts, and beans 88 94 88 Fruit 124 126 88 Meat and seafood 197 146 125 Vegetables 194 278 335
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 ordered, she will also study the gender of the individual and whether a beef entrée was ordered. Data were
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 were collected from 630 customers on the type of entrée ordered and were organized in the following
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 and how they would describe their organization’s commitment to content marketing. The tables in
0.3 Source: Data Extracted from www.the-numbers.com/market/2016/summary.a. Construct a bar chart, a pie chart, a doughnut chart, and a Pareto chart for the number of movies, gross (in $millions), and number of tickets sold (in millions).b. What conclusions can you reach about the market shares of
0.3 Based on musical or opera 3
0.3 Based on musical group 2
1.1 Compilation 2
1.4 Based on web series 2
4.4 Based on movie 2
5.7 Based on religious text 1
11.4 Based on folk tale/legend/fairytale 3
15.0 Based on short film 3
18.3 Based on play 11
21.6 Based on toy 2
28.3 Based on TV 3
37.7 Based on game 6
49.8 Remake 11
54.6 Based on factual book/article 26
77.0 Based on real life events 207
The following table represents the market share (in number of movies, gross in millions of dollars, and millions of tickets sold)of each type of movie in a recent year:Type Number Gross($millions)Tickets(millions)Original screenplay 378 4,726.6 560.7 Based on comic/graphic novel 15 1,907.0 226.2
The following table shown in the file TextbookCosts shows the breakdown of the costs of a typical college textbook.Revenue Category Percentage %Publisher 66.06 Page, printing, ink 4.62 Editorial production 24.93 Marketing 11.60 Freight 0.77 Misc. overhead 1.74 Profit 22.4 Bookstore 22.20 Store
What is the difference between a time-series plot and sparklines?
What is the difference between a drill-down and a slicer?
What type of insights can you gain from a contingency table that contains three variables that you cannot gain from a contingency table that contains two variables?
How can a multidimensional table differ from a two-variable contingency table?
What are the three different ways to break down the percentages in a contingency table?
Why is it said that the main feature of a Pareto chart is its ability to separate the “vital few” from the “trivial many”?
What is the difference between a time-series plot and a scatter plot?
Compare and contrast the bar chart for categorical data with the histogram for numerical data.
What are the advantages and disadvantages of using a bar chart, a pie chart, a doughnut chart, and a Pareto chart?
Why would you construct a summary table?
How do histograms and polygons differ in construction and use?
or created in(a), do you prefer? Explain.
and
on pages 88 and 89, 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 chart that show the risk level of retirement funds.b. Which graphs, either seen in Figures
and
Figures
or created in (a), do you prefer? Explain.
on page 87 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 people paid for purchases and other transactions.b. Which graphs either seen in Figure
Figure
Professor Deanna Oxender Burgess of Florida Gulf Coast University conducted research on annual reports of corporations(see D. Rosato, “Worried About the Numbers? How About the Charts?” New York Times, September 15, 2002, p. B7). Burgess found that even slight distortions in a chart changed
guidelines.
Examine the following visualization, adapted from a management consulting white paper.EXHIBIT 2.1 Best Practices for Creating Visual Summaries• Use the simplest possible visualization.• Include a title and label all axes.• Include a scale for each axis if the chart contains axes.• Begin 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 least one good feature of this visual display.b. Describe at least one bad feature of this visual
Examine the following visualization, adapted from one that appeared in a post in a digital marketing blog.
(Student Project) 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 instructor with comments about why you consider it inappropriate. Do you
(Student Project) Bring to class a chart from a website, newspaper, or magazine published recently that you believe to be a poorly drawn representation of a numerical variable. Be prepared to submit the chart to the instructor with comments about why you believe it is inappropriate. Do you believe
The file Natural Gas includes the monthly average commercial price for natural gas (dollars per thousand cubic feet)in the United States from January 1, 2008, to December 2016.Source: Data extracted from “U.S. Natural Gas Prices,” bit.ly/2oZIQ5Z, March 19, 2017.a. Construct a sparkline of the
on page 104.
The data in NewHomeSales includes the median sales price of new single-family houses sold in the United States recorded at the end of each month from January 2000 through December 2016.Source: Data extracted from bit.ly/2eEcIBR, March 19, 2017.a. Construct sparklines of new home sales prices by
In the sample of 479 retirement funds ( Retirement Funds ), what characteristics are associated with the funds that have the lowest five-year return percentages?
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 1YrReturn by Market Cap.c. How does the patterns to the points of each market cap category change
In the sample of 479 retirement funds ( Retirement Funds ), which funds in the sample have the lowest five-year return percentage?
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.Rescale the Assets axis, if necessary, to see more detail.c. How do the patterns that you observe in both
In the sample of 479 retirement funds ( Retirement Funds ), what are the attributes of the fund with the highest five-year return percentages?
through 2.60. What differences can you observe?
and problems
through 2.60? Explain.d. Compare the results of this table with those of Figure
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 differences among the types of funds based on market cap categories, risk levels, and star ratings?c.
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 among the types of retirement funds, based on the risk levels and star ratings?c. Construct a table that
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 among the funds based on Market Cap (small, mid-cap, and large), Risk Level (low, average, and high),
The Summer Olympics is one of the world’s largest sporting events. The file WomenInOlympics contains data about women’s sport events and the number of participants from 1900 to 2016.Source: Data extracted from “Women in the Olympic Movement,” 2018, available at https://bit.ly/2Q9A4VA.a.
2016 1.32 Source: Data extracted from boxofficemojo.com/yearly.a. Construct a time-series plot for the movie attendance (in billions).b. What pattern, if any, is present in the data?
2015 1.32 2008
2014 1.27 2007
2013 1.34 2006
2012 1.36 2005
2011 1.28 2004
2010 1.34 2003
2009 1.41 2002
The file Movie Attendance contains the yearly movie attendance(in billions) from 2001 through 2016.Year Attendance Year Attendance 2001
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 January 2000 through December 2016.Source: Data extracted from bit.ly/2eEcIBR, accessed March 19,
How have stocks performed in the past? The following Euro Stoxx 50 index presents the data stored in EuroStoxx and shows the end-of-year values of this index for each year from 1995 to 2015:Year Euro Stoxx 50 Index Year Euro Stoxx 50 Index 1995 1,507 2006 4,120 1996 1,850 2007 4,400 1997 2,532 2008
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 interaction.The file GlobalInternetUsage contains the level of Internet usage, measured as the percentage of
The file MobileSpeed contains the overall download and upload speeds in mbps for nine carriers in the United States.Source: Data extracted from “Best Mobile Network 2016”, bit.ly/1KGPrMm, accessed November 10, 2016.a. Do you think that carriers with a higher overall download speed also have a
Data was collected on the area and population of different states in India. The file IndiaStates contains the vehicle code, zone, area, as well as the population for all 29 states of India.Source: Data extracted from Population Census 2011, available at https://bit.ly/1w1BQIG, and
381.011 1,328.111 Source: Data extracted from www.the-numbers.com/interactive/comp-Harry-Potter.php.a. Construct a scatter plot with first weekend gross on the X axis and U.S. gross on the Y axis.b. Construct a scatter plot with first weekend gross on the X axis and worldwide gross on the Y axis.c.
295.001 955.417 Deathly Hallows Part II
301.460 934.601 Deathly Hallows Part I
292.005 938.469 Half-Blood Prince
290.013 896.013 Order of the Phoenix

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Business Statistics A First Course 8th Global Edition David M. Levine, Kathryn A. Szabat, David F. Stephan - Solutions

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