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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Document preview page 1

Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 1

Document preview content for Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition

Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition

Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition is the perfect textbook guide, offering thorough solutions to all your textbook exercises.

Jack Murphy
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 1 preview image’SSOLUTIONSMANUALGAILILLICHPAULILLICHMcLennan Community CollegeSoutheast Community CollegeSTATISTICS FORMANAGERSUSINGMICROSOFT®EXCEL®NINTHEDITIONDavid LevineBaruch College, City University of New YorkDavid StephanTwo Bridges Instructional TechnologyKathryn SzabatLa Salle University
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 2 preview image
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 3 preview image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rynne Packaging&DVH
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 4 preview image7KHCardioGood Fitness&DVH7KHChoice Is Yours/More Descriptive Choices Follow-up&DVH7KHClear Mountain State Student Surveys&DVH7KHCraybill Instrumentation Company&DVH7KHManaging Ashland MultiComm Services&DVH7KHMountain States Potato Company&DVH7KHSure Value Convenience Stores&DVH
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 5 preview image3UHIDFH7KHILUVWSDUWRIWKH’s Solutions ManualFRQWDLQVRXUHGXFDWLRQDOSKLORVRSK\DQGWHDFKLQJWLSVIRUHDFKFKDSWHURIWKHWH[W6ROXWLRQVWR(QGRI6HFWLRQ3UREOHPVDQG&KDSWHU5HYLHZ3UREOHPVLQHDFKFKDSWHUIROORZ,QVWUXFWLRQDOWLSVDQGVROXWLRQVIRUWKHGLJLWDOFDVHVDUHLQFOXGHGQH[W$QVZHUVWRWKHBrynne Packaging&DVHWKHCardioGood Fitness&DVHWKHChoice Is Yours/More Descriptive ChoicesFollow-up CaseWKHClear Mountain State Student Surveys Case,WKHCraybill Instrumentation Company&DVHWKHManaging Ashland MultiComm Services&DVHWKHMountain States Potato Company CaseDQGWKHSure Value Convenience Stores&DVHDUHLQFOXGHGODVW7KHSXUSRVHRIWKLV’s Solutions ManualLVWRIDFLOLWDWHJUDGLQJRIDVVLJQPHQWVRUH[DPVE\LQVWUXFWRUVDQGRUWHDFKLQJDVVLVWDQWV6FUHHQVKRWVXVLQJRXWSXWIURP3+6WDWDUHLQWHJUDWHGWKURXJKRXW0RVWRIWKHSUREOHPVDUHVROYHGXVLQJ3+6WDW7RSUHVHQWWKHVWHSVLQYROYHGLQVROYLQJDSUREOHPVRPHLQWHUPHGLDWHQXPHULFDOUHVXOWVDUHSUHVHQWHGDFFXUDWHWRRQO\DUHDVRQDEOHQXPEHURIVLJQLILFDQWGLJLWV+HQFHLQVWUXFWRUVDUHUHPLQGHGWKDWWKHILQDOUHVXOWVSUHVHQWHGLQWKLVPDQXDOWKDWDUHREWDLQHGXVLQJ3+6WDWFDQVRPHWLPHVEHGLIIHUHQWIURPWKRVHREWDLQHGZLWKDKDQGFDOFXODWRUFRPSXWHGXVLQJWKHLQWHUPHGLDWHYDOXHVGXHWRURXQGLQJ
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 6 preview image&RS\ULJKW‹3HDUVRQ(GXFDWLRQ,QF7HDFKLQJ7LSVIRU6WDWLVWLFVIRU0DQDJHUVXVLQJ0LFURVRIWŠ([FHOWK(G2XU6WDUWLQJ3RLQW2YHUDJHQHUDWLRQDJRDGYDQFHVLQ³GDWDSURFHVVLQJ´OHGWRQHZEXVLQHVVRSSRUWXQLWLHVDVILUVWFHQWUDOL]HGDQGWKHQGHVNWRSFRPSXWLQJSUROLIHUDWHG7KH,QIRUPDWLRQ$JHZDVERUQ&RPSXWHUVFLHQFHEHFDPHPXFKPRUHWKDQMXVWDQDGMXQFWWRDPDWKHPDWLFVFXUULFXOXPDQGZKROHQHZILHOGVRIVWXGLHVVXFKDVFRPSXWHULQIRUPDWLRQV\VWHPVHPHUJHG0RUHUHFHQWO\IXUWKHUDGYDQFHVLQLQIRUPDWLRQWHFKQRORJLHVKDYHFRPELQHGZLWKGDWDDQDO\VLVWHFKQLTXHVWRFUHDWHQHZRSSRUWXQLWLHVLQZKDWLVPRUHGDWDscienceWKDQGDWDprocessingRUcomputer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¶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³FRPSXWHURXWSXW´DVLOOXVWUDWLRQV²MXVWWKHILUVWRIPDQ\WHDFKLQJDQGFXUULFXODULQQRYDWLRQVLQKLVPDQ\\HDUVRIWHDFKLQJEXVLQHVVVWDWLVWLFV2XUVHFRQGDXWKRU'DYLG)6WHSKDQGHYHORSHGFRXUVHVDQGWHDFKLQJPHWKRGVLQFRPSXWHULQIRUPDWLRQV\VWHPVDQGGLJLWDOPHGLDGXULQJWKHLQIRUPDWLRQUHYROXWLRQFUHDWLQJDQGWKHQWHDFKLQJLQRQHRIWKHILUVWSHUVRQDOFRPSXWHUclassroomsLQDODUJHVFKRRORIEXVLQHVVDORQJWKHZD\(DUO\LQKLVFDUHHUKHLQWURGXFHGVSUHDGVKHHWDSSOLFDWLRQVWRDEXVLQHVVVWDWLVWLFVIDFXOW\DXGLHQFHWKDWLQFOXGHG'DYLG/HYLQHDQLQWURGXFWLRQWKDWZRXOGHYHQWXDOO\OHGWRWKHILUVWHGLWLRQRIWKLVWH[WERRN2XUQHZHVWFRDXWKRU.DWKU\Q$6]DEDWKDVSURYLGHGVWDWLVWLFDODGYLFHWRYDULRXVEXVLQHVVDQGQRQEXVLQHVVFRPPXQLWLHV+HUEDFNJURXQGLQ
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 7 preview image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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 8 preview image7HDFKLQJ7LSV(GXFDWLRQDO3KLORVRSK\$VLQSULRUHGLWLRQVRIStatistics for Managers Using Microsoft ExcelZHDUHJXLGHGE\WKHVHNH\OHDUQLQJSULQFLSOHV+HOSVWXGHQWVVHHWKHUHOHYDQFHRIVWDWLVWLFVWRWKHLURZQFDUHHUVE\SURYLGLQJH[DPSOHVGUDZQIURPWKHIXQFWLRQDODUHDVLQZKLFKWKH\PD\EHVSHFLDOL]LQJ6WXGHQWVQHHGDIUDPHRIUHIHUHQFHZKHQOHDUQLQJVWDWLVWLFVHVSHFLDOO\ZKHQVWDWLVWLFVLVQRWWKHLUPDMRU7KDWIUDPHRIUHIHUHQFHIRUEXVLQHVVVWXGHQWVVKRXOGEHWKHIXQFWLRQDODUHDVRIEXVLQHVVVXFKDVDFFRXQWLQJILQDQFHLQIRUPDWLRQV\VWHPVPDQDJHPHQWDQGPDUNHWLQJ(DFKVWDWLVWLFVWRSLFQHHGVWREHSUHVHQWHGLQDQDSSOLHGFRQWH[WUHODWHGWRDWOHDVWRQHRIWKHVHIXQFWLRQDODUHDV7KHIRFXVLQWHDFKLQJHDFKWRSLFVKRXOGEHRQLWVDSSOLFDWLRQLQEXVLQHVVWKHLQWHUSUHWDWLRQRIUHVXOWVWKHHYDOXDWLRQRIWKHDVVXPSWLRQVDQGWKHGLVFXVVLRQRIZKDWVKRXOGEHGRQHLIWKHDVVXPSWLRQVDUHYLRODWHG(PSKDVL]HLQWHUSUHWDWLRQRIVWDWLVWLFDOUHVXOWVRYHUPDWKHPDWLFDOFRPSXWDWLRQ,QWURGXFWRU\EXVLQHVVVWDWLVWLFVFRXUVHVVKRXOGUHFRJQL]HWKHJURZLQJQHHGWRinterpret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¶VGHVNWRSFRPSXWHU,QWHJUDWLQJVWDWLVWLFDOVRIWZDUHLQWRDOODVSHFWVRIDQLQWURGXFWRU\VWDWLVWLFVFRXUVHDOORZVWKHFRXUVHWRIRFXVRQLQWHUSUHWDWLRQRIUHVXOWVLQVWHDGRIFRPSXWDWLRQV VHHSRLQW 3URYLGHFOHDULQVWUXFWLRQVWRVWXGHQWVIRUXVLQJVWDWLVWLFDODSSOLFDWLRQV%RRNVVKRXOGH[SODLQFOHDUO\KRZWRXVHSURJUDPVVXFKDV0LFURVRIW([FHOZLWKWKHVWXG\RIVWDWLVWLFVZLWKRXWKDYLQJWKRVHLQVWUXFWLRQVGRPLQDWHWKHERRNRUGLVWUDFWIURPWKHOHDUQLQJRIVWDWLVWLFDOFRQFHSWV
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 9 preview image7HDFKLQJ7LSV)LUVW7KLQJV)LUVW,QDWLPHRIFKDQJH\RXFDQQHYHUNQRZH[DFWO\ZKDWNQRZOHGJHDQGEDFNJURXQGVWXGHQWVEULQJLQWRDQLQWURGXFWRU\EXVLQHVVVWDWLVWLFVFODVVURRP$GGWKDWWRWKHQHHGWRFXUEWKHIHDUIDFWRUDERXWOHDUQLQJVWDWLVWLFVWKDWVRPDQ\VWXGHQWVEHJLQZLWKDQGWKHUH¶VDORWWRFRYHUHYHQEHIRUH\RXWHDFK\RXUILUVWVWDWLVWLFDOFRQFHSW:HFUHDWHG³)LUVW7KLQJV)LUVW´WRPHHWWKLVFKDOOHQJH7KLVXQLWVHWVWKHFRQWH[WIRUH[SODLQLQJZKDWVWDWLVWLFVLV QRWZKDWVWXGHQWVPD\WKLQN ZKLOHHQVXULQJWKDWDOOVWXGHQWVVKDUHDQXQGHUVWDQGLQJRIWKHIRUFHVWKDWPDNHOHDUQLQJEXVLQHVVVWDWLVWLFVFULWLFDOO\LPSRUWDQWWRGD\(VSHFLDOO\GHVLJQHGIRULQVWUXFWRUVWHDFKLQJZLWKFRXUVHPDQDJHPHQWWRROVLQFOXGLQJWKRVHWHDFKLQJK\EULGRURQOLQHFRXUVHV³)LUVW7KLQJV)LUVW´KDVEHHQGHYHORSHGWREHSRVWHGRQOLQHRURWKHUZLVHGLVWULEXWHGEHIRUHWKHILUVWFODVVVHFWLRQEHJLQVDQGLVDYDLODEOHIURPWKHGRZQORDGSDJHIRUWKLVERRNWKDWLVGLVFXVVHGLQ$SSHQGL[6HFWLRQ&:HZRXOGDUJXHWKDWWKHPRVWLPSRUWDQWFODVVLVWKHILUVWFODVV)LUVWLPSUHVVLRQVDUHFULWLFDOO\LPSRUWDQW<RXKDYHWKHRSSRUWXQLW\WRVHWWKHWRQHWRFUHDWHDQHZLPSUHVVLRQWKDWWKHFRXUVHZLOOEHLPSRUWDQWWRWKHLUEXVLQHVVHGXFDWLRQ0DNHWKHIROORZLQJSRLQWV‡7KLVFRXUVHLVQRWDPDWKFRXUVH‡6WDWHWKDW\RXZLOOEHOHDUQLQJDQDO\WLFDOVNLOOVIRUPDNLQJEXVLQHVVGHFLVLRQV‡([SODLQWKDWWKHIRFXVZLOOEHRQKRZVWDWLVWLFVFDQEHXVHGLQWKHIXQFWLRQDODUHDVRIEXVLQHVV7KLVERRNXVHVDV\VWHPDWLFDSSURDFKIRUPHHWLQJDEXVLQHVVREMHFWLYHRUVROYLQJDEXVLQHVVSUREOHP7KLVDSSURDFKJRHVDFURVVDOOWKHWRSLFVLQWKHERRNDQGPRVWLPSRUWDQWO\FDQEHXVHGDVDIUDPHZRUNLQUHDOZRUOGVLWXDWLRQVZKHQVWXGHQWVJUDGXDWH7KHDSSURDFKKDVWKHDFURQ\P'&29$ZKLFKVWDQGVIRU'HILQH&ROOHFW2UJDQL]H9LVXDOL]HDQG$QDO\]Hx'HILQHWKHEXVLQHVVREMHFWLYHRUSUREOHPWREHVROYHGDQGWKHQGHILQHWKHYDULDEOHVWREHVWXGLHGx&ROOHFWWKHGDWDIURPDSSURSULDWHVRXUFHVx2UJDQL]HWKHGDWDx9LVXDOL]HWKHGDWDE\GHYHORSLQJFKDUWVx$QDO\]HWKHGDWDE\XVLQJVWDWLVWLFDOPHWKRGVWRUHDFKFRQFOXVLRQV7RWKLV\RXFDQDGG&IRU&RPPXQLFDWHZKLFKLVFULWLFDOO\LPSRUWDQW<RXFDQEHJLQE\HPSKDVL]LQJWKHLPSRUWDQFHRIGHILQLQJ\RXUREMHFWLYHRUSUREOHP7KHQGLVFXVVWKHLPSRUWDQFHRIRSHUDWLRQDOGHILQLWLRQVRIYDULDEOHVWREHFRQVLGHUHGDQGGHILQHYDULDEOHGDWDDQGVWDWLVWLFV-XVWDVFRPSXWHUVDUHXVHGQRWMXVWLQWKHFRPSXWHUFRXUVHVWXGHQWVQHHGWRNQRZWKDWVWDWLVWLFVLVXVHGQRWMXVWLQWKHVWDWLVWLFVFRXUVH7KLVOHDGV\RXWRDGLVFXVVLRQRIEXVLQHVVDQDO\WLFVLQZKLFKGDWDLV
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 10 preview image7HDFKLQJ7LSVXVHGWRPDNHGHFLVLRQV0DNHWKHSRLQWWKDWDQDO\WLFVVKRXOGEHSDUWRIWKHFRPSHWLWLYHVWUDWHJ\RIHYHU\RUJDQL]DWLRQHVSHFLDOO\VLQFH³ELJGDWD´PHDQLQJGDWDFROOHFWHGLQKXJHYROXPHVDWYHU\IDVWUDWHVQHHGVWREHDQDO\]HG,QIRUPWKHVWXGHQWVWKDWWKHUHLVDQ([FHO*XLGHDWWKHHQGRIHDFKFKDSWHU6WURQJO\HQFRXUDJHRUUHTXLUHVWXGHQWVWRUHDGWKH([FHO*XLGHDWWKHHQGRIWKLVFKDSWHUVRWKDWWKH\ZLOOEHUHDG\WRXVH([FHOZLWKWKLVERRN
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 11 preview image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onsider ThisHVVD\GLVFXVVHVWKHLPSRUWDQWLVVXHRIWKHXVHRI:HEEDVHGVXUYH\V7KHFKDSWHUDOVRLQWURGXFHVWZRFRQWLQXLQJFDVHVUHODWHGWRManaging Ashland MultiCommServicesDQGCardioGood FitQHVVWKDWDSSHDUDWWKHHQGRIPDQ\FKDSWHUV7KH'LJLWDOFDVHVDUHLQWURGXFHGLQWKLVFKDSWHUDOVR,QWKHVHFDVHVVWXGHQWVYLVLW:HEVLWHVUHODWHGWRFRPSDQLHVDQGLVVXHVUDLVHGLQWKH8VLQJ6WDWLVWLFVVFHQDULRVWKDWVWDUWHDFKFKDSWHU7KHJRDORIWKH'LJLWDOFDVHVLVIRUVWXGHQWVWRGHYHORSVNLOOVQHHGHGWRLGHQWLI\PLVXVHVRIVWDWLVWLFDOLQIRUPDWLRQ$VZRXOGEHWKHVLWXDWLRQZLWKPDQ\UHDOZRUOGFDVHVLQ'LJLWDOFDVHVVWXGHQWVRIWHQQHHGWRVLIWWKURXJKFODLPVDQGDVVRUWHGLQIRUPDWLRQLQRUGHUWRGLVFRYHUWKHGDWDPRVWUHOHYDQWWRDFDVHWDVN7KH\ZLOOWKHQKDYHWRH[DPLQHZKHWKHUWKHFRQFOXVLRQVDQGFODLPVDUHVXSSRUWHGE\WKHGDWD ,QVWUXFWLRQDOWLSVIRUXVLQJWKHManagingAshland MultiComm ServicesDQG'LJLWDOFDVHVDQGVROXWLRQVWRWKHManaging Ashland MultiCommServicesDQG'LJLWDOFDVHVDUHLQFOXGHGLQWKLV’s Solutions Manual 0DNHVXUHWKDWVWXGHQWVUHDGWKH([FHO*XLGHDWWKHHQGRIHDFKFKDSWHU:D\VRI:RUNLQJ:LWK([FHORQSDJHVDQGH[SODLQVWKHGLIIHUHQWW\SHRI([FHOLQVWUXFWLRQV7KHWorkbookLQVWUXFWLRQVSURYLGHVWHSE\VWHSLQVWUXFWLRQVDQGOLYHZRUNVKHHWVWKDWDXWRPDWLFDOO\XSGDWHZKHQGDWDFKDQJHV7KHPHStat2add-inLQVWUXFWLRQVSURYLGHLQVWUXFWLRQVIRUXVLQJWKH3+6WDWDGGLQAnalysis ToolPakLQVWUXFWLRQVSURYLGHLQVWUXFWLRQVIRUXVLQJWKH$QDO\VLV7RRO3DNWKH([FHODGGLQSDFNDJHWKDWLVLQFOXGHGZLWKPDQ\YHUVLRQVRI([FHO
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 12 preview image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³$SLFWXUHLVZRUWKDWKRXVDQGZRUGV´6WXGHQWVZLOODOPRVWFHUWDLQO\EHIDPLOLDUZLWK0LFURVRIWŠ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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 13 preview image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±$VNVWXGHQWVZKDWLV³EDG´DERXWWKHVHILJXUHV)ROORZXSZLWKDKRPHZRUNDVVLJQPHQWLQYROYLQJ3UREOHPV±USATodayLVDJUHDWVRXUFH <RXZLOOILQGWKDWWKHFKDSWHUUHYLHZSUREOHPVSURYLGHODUJHGDWDVHWVZLWKQXPHURXVYDULDEOHV5HSRUWZULWLQJH[HUFLVHVSURYLGHWKHRSSRUWXQLW\IRUVWXGHQWVWRLQWHJUDWHZULWWHQDQGRURUDOSUHVHQWDWLRQZLWKWKHVWDWLVWLFVWKH\KDYHOHDUQHG7KHManaging Ashland MultiComm Services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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 14 preview image7HDFKLQJ7LSV&KDSWHU7KLVFKDSWHURQGHVFULSWLYHQXPHULFDOVWDWLVWLFDOPHDVXUHVUHSUHVHQWVWKHLQLWLDOSUHVHQWDWLRQRIVWDWLVWLFDOV\PEROVLQWKHWH[W6WXGHQWVZKRQHHGWRUHYLHZDULWKPHWLFDQGDOJHEUDLFFRQFHSWVPD\ZLVKWRUHIHUWR$SSHQGL[$IRUDTXLFNUHYLHZRUWRDSSURSULDWHWH[WV VHHZZZSHDUVRQFRPRUYLGHRVZZZYLGHRDLGHGLQVWUXFWLRQFRP2QFHDJDLQDVZLWKWKHWDEOHVDQGFKDUWVFRQVWUXFWHGIRUQXPHULFDOGDWDLWLVXVHIXOWRSURYLGHDQLQWHUHVWLQJVHWRIGDWDIRUFODVVURRPGLVFXVVLRQ,IDVDPSOHRIVWXGHQWVZDVVHOHFWHGHDUOLHULQWKHVHPHVWHUDQGGDWDFRQFHUQLQJVWXGHQWWLPHWRJHWUHDG\RUFRPPXWLQJWLPHZDVFROOHFWHG VHH&KDSWHUVDQG XVHWKHVHGDWDLQGHYHORSLQJWKHQXPHURXVGHVFULSWLYHVXPPDU\PHDVXUHVLQWKLVFKDSWHU ,IWKH\KDYHQRWEHHQGHYHORSHGXVHRWKHUGDWDIRUFODVVURRPLOOXVWUDWLRQ 'LVFXVVLRQRIWKHFKDSWHUEHJLQVZLWKWKHSURSHUW\RIFHQWUDOWHQGHQF\:HKDYHIRXQGWKDWDOPRVWDOOVWXGHQWVDUHIDPLOLDUZLWKWKHDULWKPHWLFPHDQ ZKLFKWKH\NQRZDVWKHDYHUDJH DQGPRVWVWXGHQWVDUHIDPLOLDUZLWKWKHPHGLDQ$JRRGZD\WREHJLQLVWRFRPSXWHWKHPHDQIRU\RXUFODVVURRPH[DPSOH(PSKDVL]HWKHHIIHFWRIH[WUHPHYDOXHVRQWKHDULWKPHWLFPHDQDQGSRLQWRXWWKDWWKHPHDQLVOLNHWKHFHQWHURIDVHHVDZDEDODQFHSRLQW1RWHWKDW\RXZLOOUHWXUQWRWKLVFRQFHSWODWHUZKHQ\RXGLVFXVVWKHYDULDQFHDQGWKHVWDQGDUGGHYLDWLRQ<RXPLJKWZDQWWRLQWURGXFHVXPPDWLRQQRWDWLRQDWWKLVSRLQWDQGH[SUHVVWKHDULWKPHWLFPHDQLQIRUPXODQRWDWLRQDVLQ(TXDWLRQ   $OWHUQDWLYHO\\RXFRXOGZDLWXQWLO\RXFRYHUWKHYDULDQFHDQGVWDQGDUGGHYLDWLRQ $FODVVURRPH[DPSOHLQZKLFKVXPPDWLRQQRWDWLRQLVUHYLHZHGLVXVXDOO\ZRUWKZKLOH5HPLQGWKHVWXGHQWVDJDLQWKDW$SSHQGL[$LQFOXGHVDUHYLHZRIDULWKPHWLFDQGDOJHEUDDQGVXPPDWLRQQRWDWLRQ>RUUHIHUWKHPWRRWKHUWH[WVRXUFHVVXFKDVWKRVHIRXQGDWZZZSHDUVRQFRPRUYLGHRV VHHZZZYLGHRDLGHGLQVWUXFWLRQFRP@7KHQH[WVWDWLVWLFWRFRPSXWHLVWKHPHGLDQ%HVXUHWRUHPLQGWKHVWXGHQWVWKDWWKHPHGLDQDVDPHDVXUHRISRVLWLRQPXVWKDYHDOOWKHYDOXHVUDQNHGLQRUGHUIURPORZHVWWRKLJKHVW%HVXUHWRKDYHWKHVWXGHQWVFRPSDUHWKHDULWKPHWLFPHDQWRWKHPHGLDQDQGH[SODLQWKDWWKLVWHOOVXVVRPHWKLQJDERXWDQRWKHUSURSHUW\RIGDWD VNHZQHVV )ROORZLQJWKHPHGLDQWKHPRGHFDQEHEULHIO\GLVFXVVHG2QFHDJDLQKDYHWKHVWXGHQWVFRPSDUHWKLVUHVXOWWRWKRVHRIWKHDULWKPHWLFPHDQDQGPHGLDQIRU\RXUGDWDVHW,IWLPHSHUPLWV\RXFDQDOVRGLVFXVVWKHJHRPHWULFPHDQZKLFKLVKHDYLO\XVHGLQILQDQFH7KHFRPSOHWLRQRIWKHGLVFXVVLRQRIFHQWUDOWHQGHQF\OHDGVWRWKHVHFRQGFKDUDFWHULVWLFRIGDWDYDULDELOLW\0HQWLRQWKDWDOOPHDVXUHVRIYDULDWLRQKDYHVHYHUDOWKLQJVLQFRPPRQ  WKH\FDQQHYHUEHQHJDWLYH  WKH\ZLOOEHHTXDOWRZKHQDOOLWHPVDUHWKHVDPH  WKH\ZLOOEHVPDOOZKHQWKHUHLVQ WPXFKYDULDWLRQDQG  WKH\ZLOOEHODUJHZKHQWKHUHLVDJUHDWGHDORIYDULDWLRQ7KHILUVWPHDVXUHRIYDULDELOLW\WRFRQVLGHULVWKHVLPSOHVWRQHWKHUDQJH%HVXUHWRSRLQWRXWWKDWWKHUDQJHRQO\SURYLGHVLQIRUPDWLRQDERXWWKHH[WUHPHVQRWDERXWWKHGLVWULEXWLRQEHWZHHQWKHH[WUHPHV
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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 15 preview image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n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Solution Manual for Statistics for Managers Using Microsoft Excel, 9th Edition - Page 16 preview image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anaging Ashland MultiComm Services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Statistics - Univariate Inferential Tests

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Statistics - Sampling

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Statistics - Probability

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Statistics - Principles of Testing

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Statistics - Numerical Measures