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December 21, 2021
the probability of rain on any day in the month of april is 28%
University of North Carolina at Chapel Hill
University of St. Thomas
Idaho State University
The following data show the number of rental cars in service for three rental car companies:
Hert. Avis, and Dollar. The data are for the years $2007-2010$ and are in thousands of
vehicles (Auto Rental News website, May $15,2011 )$ .
a. Construct a time series graph for the years 2007 to 2010 showing the number of rental
cars in service for each company. Show the time series for all three companies on the
b. Comment on who appears to be the market share leader and how the market shares are
changing over time.
c. Construct a bar chart showing rental cars in service for $2010 .$ Is this chart based on
cross-sectional or time series data?
Table 1.7 shows data for seven colleges and universities. The endowment fin billions of
dollars) and the percentage of applicants admitted are shown $(U S A$ Today, February $3,$
$2008 ) .$ The state each school is located in, the campus setting, and the NCAA Division for varsity teams were obtained from the National Center of Education Statistics website,
February $22,2008$ .
a. How many elements are in the data set?
b. How many variables are in the data set?
c. Which of the variables are categorical and which are quantitative?
J.D. Power and Associates conducts vehicle quality surveys to provide automobile manufacturers with consumer satisfaction information about their products (Vehicle Quality Survey, January 2010 ). Using a sample of vehicle owners from recent vehicle purchase records, the survey asks the owners a variety of questions about their new vehicles, such as those shown below. For each question, state whether the data collected are categorical or quantitative and indicate the measurement scale being used.
a. What price did you pay for the vehicle?
b. How did you pay for the vehicle? (Cash, Lease, or Finance)
c. How likely would you be to recommend this vehicle to a friend? (Definitely Not, Probably Not, Probably Will, and Definitely Will)
d. What is the current mileage?
e. What is your overall rating of your new vehicle? A 110 -point scale, ranging from I for
unacceptable to 10 for truly exceptional, was used.
The Financial Times/Harris Poll is a monthly online poll of adults from six countries in Europe and the United States. A January poll included 1015 adults in the United States. One of the questions asked was, "How would you rate the Federal Bank in handling the credit problems in the financial markets?" Possible responses were Excellent, Good, Fair, Bad, and Terrible (Harris Interactive website, January $2008 ) .$
a. What was the sample size for this survey?
b. Are the data categorical or quantitative?
c. Would it make more sense to use averages or percentages as a summary of the data for this question?
d. Of the respondents in the United States, 10$\%$ said the Federal Bank is doing a good
job. How many individuals provided this response?
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Normal, Binomial, and Geometric Models
Hypothesis Testing with One Sample