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    Exercises For Statistics Final Examination - Important

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    VIVIANA
    1. The document outlines four questions for a statistics final examination. Question 1 involves constructing a 95% confidence interval for a national rental vacancy rate and interpreting the interval. Question 2 involves conducting a t-test to determine if the mean waiting time at a restaurant's drive-through is different than the population mean. Question 3 involves creating a scatter plot and linear regression model to predict supermarket checkout waiting times based on customer numbers. Question 4 involves calculating coefficients of determination and the standard error of estimate for a linear regression model using shelf space to predict pet food sales.

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    Exercises For Statistics Final Examination - Important

    Uploaded by

    VIVIANA
    185 views4 pages
    1. The document outlines four questions for a statistics final examination. Question 1 involves constructing a 95% confidence interval for a national rental vacancy rate and interpreting the interval. Question 2 involves conducting a t-test to determine if the mean waiting time at a restaurant's drive-through is different than the population mean. Question 3 involves creating a scatter plot and linear regression model to predict supermarket checkout waiting times based on customer numbers. Question 4 involves calculating coefficients of determination and the standard error of estimate for a linear regression model using shelf space to predict pet food sales.

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    STATISTICS

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    Exercises for Statistics Final Examination_important

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    1. The document outlines four questions for a statistics final examination. Question 1 involves constructing a 95% confidence interval for a national rental vacancy rate and interpreting the interval. Question 2 involves conducting a t-test to determine if the mean waiting time at a restaurant's drive-through is different than the population mean. Question 3 involves creating a scatter plot and linear regression model to predict supermarket checkout waiting times based on customer numbers. Question 4 involves calculating coefficients of determination and the standard error of estimate for a linear regression model using shelf space to predict pet food sales.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    185 views4 pages

    Exercises For Statistics Final Examination - Important

    Uploaded by

    VIVIANA
    1. The document outlines four questions for a statistics final examination. Question 1 involves constructing a 95% confidence interval for a national rental vacancy rate and interpreting the interval. Question 2 involves conducting a t-test to determine if the mean waiting time at a restaurant's drive-through is different than the population mean. Question 3 involves creating a scatter plot and linear regression model to predict supermarket checkout waiting times based on customer numbers. Question 4 involves calculating coefficients of determination and the standard error of estimate for a linear regression model using shelf space to predict pet food sales.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 4

    Exercises for Statistics Final Examination

    Questions (4 in total):
    1.

    The Department of Commerce announced that the national rental vacancy rate during
    the first quarter of 2007 was 10.1%. The report noted that the proportion of rentals
    vacant was 0.101 and with 95% confidence a margin of error of 0.004
    a. Construct a 95% confidence interval estimate for the national rental vacancy rate.
    b. Interpret the interval found in (a).
    c. If the estimate reported was constructed using the methods in this section, what
    sample size was used?

    2.

    3.

    You are the manager of a restaurant for a fast-food franchise. Last month, the mean
    waiting time at the drive-through window for branches in your geographical region, as
    measured from the time a customer places an order until the time the customer receives
    the order, was 3.7 minutes. You select a random sample of 64 orders. The sample mean
    waiting time is 3.57 minutes, with a sample standard deviation of 0.8 minute.
    a.

    At the 0.05 level of significance, is there evidence that the population mean waiting
    time is different from 3.7 minutes?

    b.

    Because the sample size is 64, do you need to be concerned about the shape of the
    population distribution when conducting the t test in (a)? Explain.

    A critically important aspect of customer service in a supermarket is the waiting time at


    the checkout (defined as the time the customer enters the line until he or she is served).
    Data were collected during time periods where there were a constant number of
    checkout counters open. The total number of customers in the store and the waiting
    times (in minutes) were recorded as below.
    a. Construct a scatter plot.
    b. Assuming a linear relationship, try to find the regression coefficients b0 and b1.
    c.

    Interpret the meaning of the slope, b1, in this problem.

    d. Predict the waiting time when there are 20 customers in the store.
    Day
    Customers
    Time
    1

    15.00

    1.50

    18.00

    1.20

    9.00

    0.80

    7.00

    0.50

    19.00

    2.00

    30.00

    2.50

    27.00

    3.00

    13.00

    2.00

    11.00

    1.70

    10

    9.00

    0.50

    4.

    11

    21.00

    2.00

    12

    35.00

    5.20

    13

    25.00

    2.30

    14

    8.00

    0.20

    15

    16.00

    0.70

    16

    21.00

    2.50

    17

    17.00

    1.00

    18

    22.00

    3.80

    19

    16.00

    1.50

    20

    24.00

    2.80

    21

    14.00

    1.00

    22

    15.00

    1.70

    23

    21.00

    3.00

    24

    27.00

    2.80

    25

    17.00

    1.00

    26

    21.00

    2.50

    27

    20.00

    2.90

    28

    31.00

    3.40

    29

    38.00

    4.00

    30

    42.00

    4.80

    The marketing manager of a large supermarket chain used shelf space for
    pet food to predict weekly sales as showed in fallowing table. For the data,
    SSR=20,535 and SST=30,025.
    Shelf

    Sales

    Space

    Aisle
    Location

    160

    220

    140

    10

    190

    10

    240

    10

    260

    15

    230

    15

    270

    15

    280

    20

    260

    20

    290

    20

    310

    a. Determine the coefficient of determination, r 2, and interpret its


    meaning.
    b. Determine the standard error of the estimate.
    c. How useful do you think this regression model is for predicting sales?

    Answers:
    1. Answers:

    2. Answers:

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    4. Answers:

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