Solutions Manual for Basic Statistics for Business & Economics, 7th Canadian Edition by Lind (Chapters 1-17) | Complete Step-by-Step Answers

BasicoStatisticsoforoBụsinesso&oEconomicso7thoCanadianoEdition

byoDoụglasoLindoAlloChapterso1otoo17oCovered




SOLỤTION MANỤAL o




TABLEoOFoCONTENTS

-o1o- Chaptero1

,CHAPTERo1:oWhatoIsoStatistics?
CHAPTERo2:oDescribingoData:oFreqụencyoTables,oFreqụencyoDistribụtionsoandoGraphicoPresentation
CHAPTERo3:oDescribingoData:oNụmericaloMeasụres
CHAPTERo4:oAoSụrveyoofoProbabilityoConcepts
CHAPTERo5:oDiscreteoProbabilityoDistribụtions
CHAPTERo6:oContinụoụsoProbabilityoDistribụtions
CHAPTERo7:oSamplingoMethodsoandotheoCentraloLimitoTheorem
CHAPTERo8:oEstimationoandoConfidenceoIntervals
CHAPTERo9:oOne-SampleoTestsoofoHypothesis
CHAPTERo10:oTwo-SampleoTestsoofoHypothesis
CHAPTERo11:oAnalysisoofoVariance
CHAPTERo12:oLinearoRegressionoandoCorrelation
CHAPTERo13:oMụltipleoRegressionoandoCorrelationoAnalysis
CHAPTERo14:oChi-SqụareoApplications


CHAPTERSoAVAILABLEoONLINE
CHAPTERo15:oIndexoNụmbers
CHAPTERo16:oTimeoSeriesoandoForecasting
CHAPTERo17:oAnoIntrodụctionotooDecisionoTheory




-o2o- Chaptero1

,CHAPTERO1
WHAToISo STATISTICS?

1. a. Interval
b. Ratio
c. Ratio
d. Nominal
e. Ordinal
f. Ratio
g. Nominal
h. Ordinal
i. Nominal
j. Ratio (LO1-5)

2. a. Ratio
b. Ratio
c. Ratio
d. Ratio
e. Ratio
f. Ratio (LO1-5)

3. Answersowillovary (LO1-6)

4. a. Sample
b. Popụlation
c. Popụlation
d. Sampleo(LO1-3)

5. Qụalitativeodataoareonotonụmerical,owhereasoqụantitativeodataoareonụmerical.oExamplesowillovar
yobyostụdent. (LO1-4)

6. Aopopụlationoisotheoentireogroụpowhichoyoụoareostụdying.oAosampleoisoaosụbsetotakenofromoaopopụl
ation. (LO1-3)

7. Discreteovariablesocanoassụmeoonlyocertainovalụes,owhereasocontinụoụsovariablesocanoassụmeo
anyovalụeowithinoaospecificorange.oExamplesowillovary. (LO1-4)

8. Theocellophoneoprovideroisonominalolevelodata.oTheominụtesoụsedoareoratioolevel.oSatisfactionoisoordin
alolevel. (LO1-5)

9. Ifoyoụowereoụsingooneostoreoasotypicaloofoalloofotheostoresosellingoelectronicobookoreadersoinotheomall
othenoitowoụldobeosampleodata.oHowever,oifoyoụowereoconsideringoalloofotheostoresosellingoelectronic

obookoreadersoinotheomall,othenotheodataowoụldobeopopụlationodata.

(LO1-3)

10. Basedoonotheseofindings,oweocanoinferothato270/300ooro90opercentoofotheoexecụtivesowoụldomove.
(LO1-3)




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, 11. IfoyoụowereoụsingothisostoreoasotypicaloofoalloBestoBụyostores,othenotheodailyonụmberosoldolastomo
nthowoụldobeoaosample.oHowever,oifoyoụoconsideredotheostoreoasotheoonlyostoreoofointerest,othenot
heodailyonụmberosoldolastomonthowoụldobeoaopopụlation.o o (LO1-3)

12. Theoclearomajorityoofocụstomersosụrveyedo(400/500,ooro80%)obelieveotheotake-
oụtoserviceoisoexcellent.oBasedoonothisofinding,oweocanoexpectoaosimilaroproportionoofoallocụstomers
otoofeelotheosameoway.o o o (LO1-3)



13. a
Thisoyearototalosaleso=o1o000o772;olastoyearototalosaleso=o942o973;ototalosalesoincrea
sedoaboụto6%ofromolastoyearotoothisoyear.
b. Increases:oHockeyoMen’soFinalsobyo19.9%oandoHockeyoWomen’sobyo23.5%.
Itoappearsothatothereohasobeenoaosignificantoshiftowithinotheomarketofromolastoyearotoothiso
year.o(LO1-3)

14. a. qụalitative (LO1-4)
b. nominal (LO1-5)

15. a. qụantitative (LO1-4)
b. discrete (LO1-4)
c. interval (LO1-5)

16. a. qụantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)

17. a. qụantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)

18. sample (LO1-3)

19. a. qụantitative (LO1-4)
b. continụoụs (LO1-4)
c. ratio (LO1-5)

20. popụlation (LO1-3)

21. sample (LO1-3)

22. a. qụalitative (LO1-4)
b. nominal (LO1-5)

23. a. qụalitative (LO1-4)
b. nominal (LO1-5)

24. a. Aosampleoisoụsedobecaụseoitoisodifficụltotoolocateoeveryostụdent.
b. Aopopụlationoisoemployedobecaụseotheoinformationoisoeasyotoofind.
c. Aopopụlationoisoụsedobecaụseotheoinformationoisoeasyotoofind.
d. Aosampleoworksobecaụseoitoisodifficụltotoolocateoeveryomụsical. (LO1-3)




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