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TABLE 5-7
There are two houses with almost identical characteristics available for investment in
two different neighborhoods with drastically different demographic composition. The
anticipated gain in value when the houses are sold in 10 years has the following
probability distribution:
Referring to Table 5-7, if you can invest half of your money on the house in
neighborhood A and the remaining on the house in neighborhood B, what is the
portfolio risk of your investment?
TABLE 9-12
A drug company is considering marketing a new local anesthetic. The effective time of
the anesthetic the drug company is currently producing has a normal distribution with a
mean of 7.4 minutes with a standard deviation of 1.2 minutes. The chemistry of the new
anesthetic is such that the effective time should be normally distributed with the same
standard deviation. The company will market the new local anesthetic as being better if
there is evidence that the population mean effective time is greater than the 7.4 minutes
of the current local anesthetic.
Referring to Table 9-12, if you select a sample of 25 new local anesthetics and are
willing to have a level of significance of 0.05, the probability of the company marketing
the new local anesthetic when it is better is ________ if the population mean effective
time is 8 minutes.
TABLE 13-3
The director of cooperative education at a state college wants to examine the effect of
cooperative education job experience on marketability in the work place. She takes a
random sample of 4 students. For these 4, she finds out how many times each had a
cooperative education job and how many job offers they received upon graduation.
These data are presented in the table below.
Referring to Table 13-3, the standard error of estimate is ________.
TABLE 12-3
The director of transportation of a large company is interested in the usage of her van
pool. She considers her routes to be divided into local and non-local. She is particularly
interested in learning if there is a difference in the proportion of males and females who
use the local routes. She takes a sample of a day's riders and finds the following:
She will use this information to perform a chi-square hypothesis test using a level of
significance of 0.05.
Referring to Table 12-3, the expected cell frequency in the Male/Local cell is
________.
TABLE 11-9
The marketing manager of a company producing a new cereal aimed for children wants
to examine the effect of the color and shape of the box's logo on the approval rating of
the cereal. He combined 4 colors and 3 shapes to produce a total of 12 designs. Each
logo was presented to 2 different groups (a total of 24 groups) and the approval rating
for each was recorded and is shown below. The manager analyzed these data using the
α = 0.05 level of significance for all inferences.
Referring to Table 11-9, the value of the statistic used to test for significant differences
between colors is ________.
TABLE 2-12
The table below contains the opinions of a sample of 200 people broken down by
gender about the latest congressional plan to eliminate anti-trust exemptions for
professional baseball.
Referring to Table 2-12, ________ percent of the 200 were males who were not against
the plan.
