Question

In: Statistics and Probability

1.A manufacturing manager has developed a table that shows the average production volume each day for...

1.A manufacturing manager has developed a table that shows the average production volume each day for the past three weeks. The average production level is an example of a numerical measure.

Select one:

True

False

2.A pharmaceutical company conducts a study where 50 patients are given a drug. They find that 10 percent of patients experience nausea as a side effect. This 10 percent is an example of a parameter.

Select one:

True

False

3.If a population is very large, it may be better to select a sample from the population than to try to obtain a census in an effort to reduce measurement error.

Select one:

True

False

4. If a scatter diagram shows points that are reasonably aligned and are sloping downward from left to right, this implies that there is a negative linear relationship between the two variables.

Select one:

True

False

5. Which of the following is NOT true of a bar chart?

Select one:

a. It is used for numerical data.

b. It can show either frequency or relative frequency.

c. It is used for categorical data.

d. The bars can be either horizontal or vertical.

Solutions

Expert Solution

(1) Numerical data are quantitative data, that deal with mathematical numbers on which mathematical operations like, addition , subtraction etc can be done. There are 2 types of quantitative data continuous (decimal values are allowed) and discrete (only integers are allowed).

The above statement is True as average is a continuous data.

______________________

(2) A parameter is a value which describes the population, and a statistic is a value which describes the sample. Therefore the data given is descriptive of the sample and not the population, hence it is not a parameter.

The statement is False.

_________________________

(3) The Statement is True. If a Census is taken, then each and every person has to be contacted and surveyed. This can cause problems like bias, contactibility issues, huge costs and data collection. Hence it would be better to take a sample large enough with a desired margin of error and conduct the experiment.

__________________________

(4) The Statement is True.

A negative linear relationship occurs when the slope of the line, shows a downward trend from left to right. Similarly, if the points are aligned that the line goes upwards, then a positive linear exists between the variable. The strength of the relationship, is given by coefficient of correlation, r, which ranges from -1 to +1.

________________________

(5) Bar Charts are graphical representation of categorical data. It shows frequency or relative frequency and can be either horizontal or vertical. It is not used for numerical data. Representation of numerical data is done by histograms and dot plots and scatter plots.

Therefore Option a is not correct: It is used for numerical data.

__________________________


Related Solutions

The table below shows the average cost of a firm depending on the level of production....
The table below shows the average cost of a firm depending on the level of production. Q 0 1 2 3 4 5 6 AC -- 32 24 20 24 25 26 Assuming that the company is operating in the long run what are fixed costs?
Table 1. shows the hourly production and Total Cost estimates for a new manufacturing firm wishing...
Table 1. shows the hourly production and Total Cost estimates for a new manufacturing firm wishing to enter the smart phone market. Fill in the blank cells in columns a., b., c., d., and e. on the table by computing the appropriate values. Can you show the excel formula ?? Table 1. Smart cell phones produced in an hour Total Cost (TC) Variable Costs (VC) Average Variable Costs (AVC) Average Total Costs (ATC) Average Fixed Cost (AFC) Marginal Cost (MC)...
the following table shows the distribution of hours worked each week on average for a sample...
the following table shows the distribution of hours worked each week on average for a sample of 100 community college students. hours per week number of students 0-9 24 10-19. 14 20-29. 39 30-39. 18 40-49. 5 1) what is mean? round 3 decimals 2) standard deviation of sample? round 3 decimals 3) what is the mid point of the class 20-29? 4) do a histograms of the data ; shape of distribution? 5) what is quartile 75 of distribution?
The following table shows the average hourly wage rates for? day-care centers from two locations based...
The following table shows the average hourly wage rates for? day-care centers from two locations based on two random samples. Use the table to complete parts a through c. Location 1 Location 2 Sample mean ?$9.64 ?$8.65 Sample standard deviation ?$1.19 ?$1.27 Sample size 27 32 a. Perform a hypothesis? test, using alpha=0.05?, to determine if the average hourly wage for? day-care workers in Location 1 is? $0.50 per hour higher than the average hourly wage for? day-care workers in...
The following table shows the average hourly wage rates for​ day-care centers from two locations based...
The following table shows the average hourly wage rates for​ day-care centers from two locations based on two random samples. Use the table to complete parts a through c. Location 1 Location 2 Sample mean    ​$ 9.64    ​$ 8.55 Sample standard deviation ​ $ 1.31    ​$ 1.13 Sample size 29    31 a. Perform a hypothesis​ test, using α=0.10​, to determine if the average hourly wage for​ day-care workers in Location 1 is​ $0.50 per hour higher...
Shannara Manufacturing writes 40 checks a day for an average amount of $537 each that generally...
Shannara Manufacturing writes 40 checks a day for an average amount of $537 each that generally clear 3.75 days after they are written. In addition, the firm generally receives 48 checks each day with an average amount of $622 each that are available after 3.25 days. Is this a collection or disbursement float? What is the amount of the float?
1) The table shows the amounts of crude oil​ (in thousands of barrels per​ day) produced...
1) The table shows the amounts of crude oil​ (in thousands of barrels per​ day) produced by a certain country and the amounts of crude oil​ (in thousands of barrels per​ day) imported by the same country for seven years. The equation of the regression line is y = -1.339x+17,009.89. Complete parts​ (a) and​ (b) below. Produced, x   Imported, y 5,831 9,336 5,674 9,191 5,575 9,676 5,408 10,008 5,236 10,108 5,174 10,178 5,037 10,053 ​(a) Find the coefficient of determination...
SummerFun, Inc., produces a variety of recreation and leisure products. The production manager has developed an...
SummerFun, Inc., produces a variety of recreation and leisure products. The production manager has developed an aggregate forecast: Month Mar Apr May Jun Jul Aug Sep Total Forecast 50 44 55 60 50 40 51 350 Use the following information to develop aggregate plans. Regular production cost $ 80 per unit Back-order cost $ 20 per unit Overtime production cost $ 120 per unit Beginning inventory 0 units Regular capacity 40 units per month Overtime capacity 8 units per month...
A table shows a temperature in a given day and number of trafic accidents in a...
A table shows a temperature in a given day and number of trafic accidents in a small city in the period of 7 days. Temperature ( °C)... x 32 13 24 20 10 4 36 # of accidents ...y 7 4 9 11 3 5 8 Find a correlation coefficient r, round it to 4 decimal places. Describe the direction and strength of this association: ………………………… Find the equation of regression line. Sketch it graphically, find/display values of both x-...
The table above shows the production and cost schedule for producing t-shirts. Each worker is paid...
The table above shows the production and cost schedule for producing t-shirts. Each worker is paid $250 per day and the total fixed cost of capital is $1000. T-shirts can be sold at a local store for $15. Workers Quantity of Production Fixed Cost Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Marginal Cost Total Cost 0 0 1 20 2 60 3 140 4 200 5 240 6 260 7 268 8 272 Use this information...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT