Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales. The plot of residuals versus predicted values is shown below. What does the residual plot suggest?
A small independent organic food store offers a variety of s…
A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many pounds of each variety of coffee were sold last month. Based on the scatterplot shown below, which of the following statements is true?
During the arrangement conference, the Funeral Director bomb…
During the arrangement conference, the Funeral Director bombards the family with questions. This behavior is considered to be:
EU (European Union) countries report that 46% of their labor…
EU (European Union) countries report that 46% of their labor force is female. The United Nations wants to determine if the percentage of females in the U.S. labor force is the same. Representatives from the United States Department of Labor select a random sample of 525 from over 10,000 employment records on file and find that 229 are female. The 90% confidence interval for the proportion of females in the U.S. labor force is ________________________ .
The scatterplot shows monthly sales figures (in units) and n…
The scatterplot shows monthly sales figures (in units) and number of months of experience for a sample of salespeople. The association between monthly sales and level of experience can be described as ________________________ .
Using the output below, calculate the predicted turnover rat…
Using the output below, calculate the predicted turnover rate for a company having a trust index score of 70 and an average annual bonus of $6500.
EU (European Union) countries report that 46% of their labor…
EU (European Union) countries report that 46% of their labor force is female. The United Nations wants to determine if the percentage of females in the U.S. labor force is the same. Based on a sample of 500 employment records, representatives from the United States Department of Labor find that the 95% confidence interval for the proportion of females in the U.S. labor force is .357 to .443. If the Department of Labor wishes to tighten its interval, they should ________________________ .
A recent poll of 120 adults who frequent the local farmer’s…
A recent poll of 120 adults who frequent the local farmer’s market found that 54 have purchased reusable cloth bags for their groceries. The 95% confidence interval for the proportion of adults who have purchased reusable cloth bags is ________________________ .
Based on data collected from its production processes, Cross…
Based on data collected from its production processes, Crosstiles Inc. determines that the breaking strength of its most popular porcelain tile is normally distributed with a mean of 400 pounds per square inch and a standard deviation of 12.5 pounds per square inch. Based on the 68-95-99.7 Rule, about what percent of its popular porcelain tile will have breaking strengths greater than 412.5 pounds per square inch?
Data were collected on annual personal time (in hours) taken…
Data were collected on annual personal time (in hours) taken by a random sample of 16 women and 7 men employed by a medium sized company. The women took an average of 24.75 hours of personal time per year with a standard deviation of 2.84 hours. The men took an average of 21.89 hours of personal time per year with a standard deviation of 3.29 hours. The standard error of the sampling distribution for the difference between the two means is ________________________ .