Reference no: EM131054934
Suppose that you work part-time at a bowling alley that is open daily from noon to midnight. Although business is usually slow from noon to 6 PM, the owner has noticed that it is better on hotter days during the summer, perhaps because the premises are comfortably air-conditioned. The owner shows you some data that she gathered last summer. This data set includes the maximum temperature and the number of lines bowled between noon and 6 PM for each of 20 days. (The maximum temperatures ranged from 77° F to 95° F during this period.) The owner would like to know if she can estimate tomorrow's business from noon to 6 PM by looking at tomorrow's weather forecast. She asks you to analyze the data. Let x be the maximum temperature for a day and y the number of lines bowled between noon and 6 PM on that day. The computer output based on the data for 20 days provided the following results:
Assume that the weather forecasts are reasonably accurate.
a. Does the maximum temperature seem to be a useful predictor of bowling activity between noon and 6 PM? Use an appropriate statistical procedure based on the information given. Use α=.05.
b. The owner wants to know how many lines of bowling she can expect, on average, for days with a maximum temperature of 90 ?. Answer using a 95% confidence level.
c. The owner has seen tomorrow's weather forecast, which predicts a high of 90° F. About how many lines of bowling can she expect? Answer using a 95% confidence level.
d. Give a brief commonsense explanation to the owner for the difference in the interval estimates of parts b and c.
e. The owner asks you how many lines of bowling she could expect if the high temperature were 100° F. Give a point estimate, together with an appropriate warning to the owner.
Medication and liquor misuse
: Almost all of the accompanying work should be based around medication and liquor misuse in the assembled states; it can be only an explanation for everything, taking notice of more than a sentence or maybe more for each case. Maximum one or two pa..
|
Posting for female western managers
: Amanda Curtis is successfully adjusting in a country where the culture is extremely male dominated and may be a particularly difficult posting for female Western managers. This is an example of:
|
European expatriates for expatriate failure
: According to the results of a study by R.L. Tung, what was the most consistent reason cited by European expatriates for expatriate failure among their group?
|
Provide example of common unwritten rule in your experience
: Provide an example of a common unwritten rule in your experience that had a profound impact on performance. Do leaders create the culture in an organization, or are they created by the culture? Why?
|
About how many lines of bowling can she expect
: The owner has seen tomorrow's weather forecast, which predicts a high of 90° F. About how many lines of bowling can she expect? Answer using a 95% confidence level
|
Venture arrangement for another customer
: As a speculation consultant, you are building up a venture arrangement for another customer.
|
Benefits from the use of interest rate swap
: Suppose both Company A and B entered into the 3-year swaps with the swap bank. One year after the inception of the 3-year swaps, the swap bank quotes 2-year interest rate swaps at 6.5% - 7%. Which company is willing to unwind the original swap? Ex..
|
Applying management theories
: Theories of management originated in the early 1900s. They have influenced how we view management today. By Saturday, May 14, 2016, post a short essay (minimum 500-600 words) that explores one of the early theories of management and addresses the ..
|
Analyse financial ratios using actual reported data
: Calculate and analyse financial ratios using actual reported data - perform horizontal and vertical analyses of the Balance Sheets and Income Statements for the company
|