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SOLUTIONS MANUAL for BASIC STATISTICS FOR BUSINESS & ECONOMICS, 7TH CANADIAN EDITION BY DOUGLAS LIND AND MARCHAL ALL CHAPTERS 1-17 COVERED

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Institution
BASIC STATISTICS FOR BUSINESS & ECONOMICS, 7TH
Course
BASIC STATISTICS FOR BUSINESS & ECONOMICS, 7TH

Content preview

VV




SOLUTIONS MANUAL
BASIC STATISTICS FOR BUSINESS & ECONOMICS,
7TH CANADIAN EDITION BY DOUGLAS LIND AND MARCHAL
ALL CHAPTERS 1-17 COVERED




-V1 ChapterV1
V-

,TABLE OF CONTENT
V V




CHAPTERV1:VWhatVIsVStatistics?
CHAPTERV2:VDescribingVData:VFrequencyVTables,VFrequencyVDistributionsVandVGraphicVPresentation
CHAPTERV3:VDescribingVData:VNumericalVMeasures
CHAPTERV4:VAVSurveyVofVProbabilityVConcepts
CHAPTERV5:VDiscreteVProbabilityVDistributions
CHAPTERV6:VContinuousVProbabilityVDistributions
CHAPTERV7:VSamplingVMethodsVandVtheVCentralVLimitVTheorem
CHAPTERV8:VEstimationVandVConfidenceVIntervals
CHAPTERV9:VOne-SampleVTestsVofVHypothesis
CHAPTERV10:VTwo-SampleVTestsVofVHypothesis
CHAPTERV11:VAnalysisVofVVariance
CHAPTERV12:VLinearVRegressionVandVCorrelation
CHAPTERV13:VMultipleVRegressionVandVCorrelationVAnalysis
CHAPTERV14:VChi-SquareVApplications


CHAPTERSVAVAILABLEVONLINE
CHAPTERV15:VIndexVNumbers
CHAPTERV16:VTimeVSeriesVandVForecasting
CHAPTERV17:VAnVIntroductionVtoVDecisionVTheory




-V2 ChapterV1
V-

,CHAPTER 1 V




WHAT IS STATISTICS?
V V




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. AnswersVwillVvary (LO1-6)

4. a. Sample
b. Population
c. Population
d. SampleV(LO1-3)

5. QualitativeVdataVareVnotVnumerical,VwhereasVquantitativeVdataVareVnumerical.VExampl
esVwillVvaryVbyVstudent. (LO1-4)

6. AVpopulationVisVtheVentireVgroupVwhichVyouVareVstudying.VAVsampleVisVaVsubsetVtakenVfro
mVaVpopulation. (LO1-3)

7. DiscreteVvariablesVcanVassumeVonlyVcertainVvalues,VwhereasVcontinuousVvariablesVc
anVassumeVanyVvalueVwithinVaVspecificVrange.VExamplesVwillVvary. (LO1-4)

8. TheVcellVphoneVproviderVisVnominalVlevelVdata.VTheVminutesVusedVareVratioVlevel.VSatisfactio
nVisVordinalVlevel. (LO1-5)
-V3 ChapterV1
V-

, 9. IfVyouVwereVusingVoneVstoreVasVtypicalVofVallVofVtheVstoresVsellingVelectronicVbookVreadersVi
nVtheVmallVthenVitVwouldVbeVsampleVdata.VHowever,VifVyouVwereVconsideringVallVofVtheVsto
resVsellingVelectronicVbookVreadersVinVtheVmall,VthenVtheVdataVwouldVbeVpopulationVdata.
(LO1-3)

10. BasedVonVtheseVfindings,VweVcanVinferVthatV270/300VorV90VpercentVofVtheVexecutivesVwo
uldVmove. (LO1-3)




-V4 ChapterV1
V-

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