Solution Manual
Business Statistics and Analytics in Practice,
9th Edition by Bruce L. Bowerman and Anne M. Drougas
All Chapters 1-20 Covered
,TABLE OF CONTENT
M M M
ChapterM1MAnMIntroductionMtoMBusinessMStatisticsMandMAnalytics
ChapterM2MDescriptiveMStatisticsMandMAnalytics:MTabularMandMGraphicalMMethods
ChapterM3MDescriptiveMStatisticsMandMAnalytics:MNumericalMMethods
ChapterM4MProbabilityMandMProbabilityMModels
ChapterM5MPredictiveMAnalyticsMI:MTrees,Mk-NearestMNeighbors,MNaiveMBayes’,MandMEnsembleMEstimates
ChapterM6MDiscreteMRandomMVariables
ChapterM7MContinuousMRandomMVariables
ChapterM8MSamplingMDistributions
ChapterM9MConfidenceMIntervals
ChapterM10MHypothesisMTesting
ChapterM11MStatisticalMInferencesMBasedMonMTwoMSamples
ChapterM12MExperimentalMDesignMandMAnalysisMofMVariance
ChapterM13MChi-SquareMTests
ChapterM14MSimpleMLinearMRegressionMAnalysis
ChapterM15MMultipleMRegressionMandMModelMBuilding
ChapterM16MPredictiveMAnalyticsMII:MLogis¬ticMRegression,MDiscriminateMAnalysis,MandMNeuralMNetworks
ChapterM17MTimeMSeriesMForecastingMandMIndexMNumbers
ChapterM18MNonparametricMMethods
ChapterM19MDecisionMTheory
ChapterM20M(Online)MProcessMImprovementMUsingMControlMChartsMforMWebsite
1-1
, CHAPTER 1—An Introduction to Business Statistics and Analytics
M M M M M M M
§1.1,M1.2MCONCEPTS
1.1 AnyMcharacteristicMofMaMpopulationMelementMisMcalledMaMvariable.MQuan
titative:MweMrecordMnumericMmeasurementsMthatMrepresentMquantities.M
Qualitative:MweMrecordMwhichMofMseveralMcategoriesMtheMelementMfallsMi
nto.
LO1-1,MLO1-2
1.2 a.M M Quantitative;MdollarMamountsMcorrespondMtoMvaluesMonMtheMrealMnumberMline.
b. Quantitative;MnetMprofitMisMaMdollarMamount.
c. Qualitative;MwhichMstockMexchangeMisMaMcategory.
d. Quantitative;MnationalMdebtMisMaMdollarMamount.
e. Qualitative;MwhichMtypeMofMmediumMisMaMcategory.
LO1-2
1.3 (1)M Cross-
sectionalMdataMareMcollectedMatMapproximatelyMtheMsameMpointMinMtimeMwhereasMtimeMseriesMdat
aMareMcollectedMoverMdifferentMtimeMperiods.
(2) TheMnumbersMofMcarsMsoldMinM2017MbyM10MdifferentMsalesMpeopleMareMcross-sectionalMdata.
(3) TheMnumbersMofMcarsMsoldMbyMaMparticularMsalesMpersonMforMtheMyearsM2013M–
M2017MareMtimeMseriesMdata.
LO1-3
1.4 (1)M TheMresponseMvariableMisMwhetherMorMnotMtheMpersonMhasMlungMcancer.
(2) TheMfactorsMareMage,Msex,Moccupation,MandMnumberMofMcigarettesMsmokedMperMday.
(3) ThisMisManMobservationalMstudy.
LO1-5
1.5 AMdataMwarehouseMisMaMcentralMrepositoryMofManMorganization’sMdataMwhereMtheMdataMcanMbeMretri
eved,Mmanaged,MandManalyzed.MBigMdataMrefersMtoMtheMmassiveMamountsMofMdata,MoftenMcollectedM
inMrealMtime,MthatMsometimesMneedMquickMpreliminaryManalysisMforMeffectiveMbusinessMdecisionMma
king.
LO1-6
§1.1,M 1.2M METHODSM ANDM APPLICATIONS
1.6 $398,000MforMaMRubyMmodelMonMaMtreedM
lotMLO1-1
1-2
, 1.7 $494,000MforMaMDiamondMmodelMonMaMlakeMlot;M$447,000MforMaMRubyMmodelMonMaMlak
eMlotMLO1-1
1.8
1-3
Business Statistics and Analytics in Practice,
9th Edition by Bruce L. Bowerman and Anne M. Drougas
All Chapters 1-20 Covered
,TABLE OF CONTENT
M M M
ChapterM1MAnMIntroductionMtoMBusinessMStatisticsMandMAnalytics
ChapterM2MDescriptiveMStatisticsMandMAnalytics:MTabularMandMGraphicalMMethods
ChapterM3MDescriptiveMStatisticsMandMAnalytics:MNumericalMMethods
ChapterM4MProbabilityMandMProbabilityMModels
ChapterM5MPredictiveMAnalyticsMI:MTrees,Mk-NearestMNeighbors,MNaiveMBayes’,MandMEnsembleMEstimates
ChapterM6MDiscreteMRandomMVariables
ChapterM7MContinuousMRandomMVariables
ChapterM8MSamplingMDistributions
ChapterM9MConfidenceMIntervals
ChapterM10MHypothesisMTesting
ChapterM11MStatisticalMInferencesMBasedMonMTwoMSamples
ChapterM12MExperimentalMDesignMandMAnalysisMofMVariance
ChapterM13MChi-SquareMTests
ChapterM14MSimpleMLinearMRegressionMAnalysis
ChapterM15MMultipleMRegressionMandMModelMBuilding
ChapterM16MPredictiveMAnalyticsMII:MLogis¬ticMRegression,MDiscriminateMAnalysis,MandMNeuralMNetworks
ChapterM17MTimeMSeriesMForecastingMandMIndexMNumbers
ChapterM18MNonparametricMMethods
ChapterM19MDecisionMTheory
ChapterM20M(Online)MProcessMImprovementMUsingMControlMChartsMforMWebsite
1-1
, CHAPTER 1—An Introduction to Business Statistics and Analytics
M M M M M M M
§1.1,M1.2MCONCEPTS
1.1 AnyMcharacteristicMofMaMpopulationMelementMisMcalledMaMvariable.MQuan
titative:MweMrecordMnumericMmeasurementsMthatMrepresentMquantities.M
Qualitative:MweMrecordMwhichMofMseveralMcategoriesMtheMelementMfallsMi
nto.
LO1-1,MLO1-2
1.2 a.M M Quantitative;MdollarMamountsMcorrespondMtoMvaluesMonMtheMrealMnumberMline.
b. Quantitative;MnetMprofitMisMaMdollarMamount.
c. Qualitative;MwhichMstockMexchangeMisMaMcategory.
d. Quantitative;MnationalMdebtMisMaMdollarMamount.
e. Qualitative;MwhichMtypeMofMmediumMisMaMcategory.
LO1-2
1.3 (1)M Cross-
sectionalMdataMareMcollectedMatMapproximatelyMtheMsameMpointMinMtimeMwhereasMtimeMseriesMdat
aMareMcollectedMoverMdifferentMtimeMperiods.
(2) TheMnumbersMofMcarsMsoldMinM2017MbyM10MdifferentMsalesMpeopleMareMcross-sectionalMdata.
(3) TheMnumbersMofMcarsMsoldMbyMaMparticularMsalesMpersonMforMtheMyearsM2013M–
M2017MareMtimeMseriesMdata.
LO1-3
1.4 (1)M TheMresponseMvariableMisMwhetherMorMnotMtheMpersonMhasMlungMcancer.
(2) TheMfactorsMareMage,Msex,Moccupation,MandMnumberMofMcigarettesMsmokedMperMday.
(3) ThisMisManMobservationalMstudy.
LO1-5
1.5 AMdataMwarehouseMisMaMcentralMrepositoryMofManMorganization’sMdataMwhereMtheMdataMcanMbeMretri
eved,Mmanaged,MandManalyzed.MBigMdataMrefersMtoMtheMmassiveMamountsMofMdata,MoftenMcollectedM
inMrealMtime,MthatMsometimesMneedMquickMpreliminaryManalysisMforMeffectiveMbusinessMdecisionMma
king.
LO1-6
§1.1,M 1.2M METHODSM ANDM APPLICATIONS
1.6 $398,000MforMaMRubyMmodelMonMaMtreedM
lotMLO1-1
1-2
, 1.7 $494,000MforMaMDiamondMmodelMonMaMlakeMlot;M$447,000MforMaMRubyMmodelMonMaMlak
eMlotMLO1-1
1.8
1-3
