# Solution Manual for Business Statistics 2nd Edition by Jaggia

£15.00

Edition: 2nd Edition

Resource Type: Solution manual

## Solution Manual for Business Statistics 2nd Edition by Jaggia

Chapter 1. Statistics and Data

Solutions

1. The population is all iPhone 4 users.
2. Sample statistics

1. The value 35 is the estimated average age of the population. It is both costly and time consuming (likely impossible) to take a census of all video game players and compute the actual average age.

1. The population is all students enrolled in the accounting class.
2. The value 3.29 represents the population parameter since we are not choosing a sample but drawing results from the actual population.

1. The population is all marketing managers.
2. No, the average salary is a sample statistic computed from a sample, not the population.

1. The population is all elderly people. The sample consists of 949 elderly people.
2. 22% and 17% represent the sample statistics.

 Date Adj. Close Price Dec 10 \$593.97 Nov 10 \$555.71 Oct 10 \$613.70 Sep  10 \$525.79 Aug 10 \$450.02 Jul   10 \$484.85 Jun  10 \$444.95 May 10 \$485.63 Apr  10 \$525.70 Mar 10 \$567.12 Feb  10 \$526.80 Jan  10 \$529.94

Source: Monthly Adj Close Price in 2010 from

Retrieved April 19, 2011.

These numbers represent time series data. The adjusted close price of the stock was rather volatile, with a 12-month high in October and 12-month low in June.

1. Note: Individual answers will vary. This is an example of what an answer may look like.
 Accommodation Monthly Expenses Dorm \$435 Dorm \$480 Rental \$505 Other \$50 Rental \$600 Dorm \$425 Rental \$525 Other \$550 Other \$325 Dorm \$385 Rental \$475 Dorm \$400 Dorm \$485 Rental \$485 Other \$475 Dorm \$425 Rental \$500 Dorm \$375 Rental \$625 Other \$350

This data is cross-sectional data because it can be assumed to be taken at the same point in time. The monthly lodging expenses ranges from a low of \$50 to a high of \$625. The average expense is \$443.75.

## Quick Comparison

SettingsSolution Manual for Business Statistics 2nd Edition by Jaggia removeSolution Manual for Essentials of Modern Business Statistics with Microsoft Excel 7th Edition by Anderson removeSolution Manual for Business Driven Information Systems 6th Edition by Baltzan removeSolution Manual for Business Research Methods 12th Edition by Cooper removeSolution Manual for The Practice of Statistics for Business and Economics 4th Edition by Moore removeSolution Manual for Statistics for Business and Economics 14th Edition by Anderson remove
NameSolution Manual for Business Statistics 2nd Edition by Jaggia removeSolution Manual for Essentials of Modern Business Statistics with Microsoft Excel 7th Edition by Anderson removeSolution Manual for Business Driven Information Systems 6th Edition by Baltzan removeSolution Manual for Business Research Methods 12th Edition by Cooper removeSolution Manual for The Practice of Statistics for Business and Economics 4th Edition by Moore removeSolution Manual for Statistics for Business and Economics 14th Edition by Anderson remove
Image
SKU
Rating
Price

£15.00

£13.00

£17.00

£13.00

£15.00

£21.00

Stock
Availability

Content

## Solution Manual for Business Statistics 2nd Edition by Jaggia

Chapter 1. Statistics and Data Solutions
1. The population is all iPhone 4 users.
2. Sample statistics

1. The value 35 is the estimated average age of the population. It is both costly and time consuming (likely impossible) to take a census of all video game players and compute the actual average age.

1. The population is all students enrolled in the accounting class.
2. The value 3.29 represents the population parameter since we are not choosing a sample but drawing results from the actual population.

1. The population is all marketing managers.
2. No, the average salary is a sample statistic computed from a sample, not the population.

1. The population is all elderly people. The sample consists of 949 elderly people.
2. 22% and 17% represent the sample statistics.

 Date Adj. Close Price Dec 10 \$593.97 Nov 10 \$555.71 Oct 10 \$613.70 Sep  10 \$525.79 Aug 10 \$450.02 Jul   10 \$484.85 Jun  10 \$444.95 May 10 \$485.63 Apr  10 \$525.70 Mar 10 \$567.12 Feb  10 \$526.80 Jan  10 \$529.94
Source: Monthly Adj Close Price in 2010 from Retrieved April 19, 2011.   These numbers represent time series data. The adjusted close price of the stock was rather volatile, with a 12-month high in October and 12-month low in June.
1. Note: Individual answers will vary. This is an example of what an answer may look like.
 Accommodation Monthly Expenses Dorm \$435 Dorm \$480 Rental \$505 Other \$50 Rental \$600 Dorm \$425 Rental \$525 Other \$550 Other \$325 Dorm \$385 Rental \$475 Dorm \$400 Dorm \$485 Rental \$485 Other \$475 Dorm \$425 Rental \$500 Dorm \$375 Rental \$625 Other \$350
This data is cross-sectional data because it can be assumed to be taken at the same point in time. The monthly lodging expenses ranges from a low of \$50 to a high of \$625. The average expense is \$443.75.

## Solution Manual for Essentials of Modern Business Statistics with Microsoft Excel 7th Edition by Anderson

Solutions to Case Problems  Chapter 2 Descriptive Statistics: Tabular and Graphical Displays   Case Problem 1: Pelican Stores
1.  Solution Manual for Essentials of Modern Business Statistics  There were 70 Promotional customers and 30 Regular customers  Percent frequency distributions for many of the variables are given.

 No. of Items Percent Frequency 1 29 2 27 3 10 4 10 5 9 6 7 7 or more 8 Total: 100

 Net Sales Percent Frequency 0.00 - 24.99 9 25.00 - 49.99 30 50.00 - 74.99 25 75.00 - 99.99 10 100.00 - 124.99 12 125.00 - 149.99 4 150.00 - 174.99 3 175.00 - 199.99 3 200 or more 4 Total: 100

 Method of Payment Percent Frequency American Express 2 Discover 4 MasterCard 14 Proprietary Card 70 Visa 10 Total: 100

 Gender Percent Frequency Female 93 Male 7 Total: 100

 Martial Status Percent Frequency Married 84 Single 16 Total: 100

 Age Percent Frequency 20 - 29 10 30 - 39 30 40 - 49 33 50 - 59 16 60 - 69 7 70 - 79 4 Total: 100
Solution Manual for Essentials of Modern Business Statistics   These percent frequency distributions provide a profile of Pelican's customers. Many observations are possible, including:
• A large majority of the customers use National Clothing’s proprietary credit card
• The percent frequency distribution of net sales shows that 61% of the customers spent \$50 or more.
• Customers are distributed across all adult age groups.
• The overwhelming majority of customers are female.
• Most of the customers are married.

## Solution Manual for Business Driven Information Systems 6th Edition by Baltzan

Table of contacts

### Glossary

Best wishes, A plus Team  , ================ #Test_bank #Solutions_manual #Instructor_Manual #Solve_exercises #Study_Guide #Problems #exercises #Homework #appendix #exams #2021_Edition #2020_Edition

## Solution Manual for Business Research Methods 12th Edition by Cooper

Research refers to the outcome of human desire to investigate and deeper understanding of existing phenomena or find out the possibility of occurrence of a new phenomenon. Research is the starting point in any discipline. It is the key to the success and growth of any discipline.
Research refers to the process of defining the research problem and collecting, organizing, evaluating and interpretation of data and making a conclusion to solve the research problem. Therefore, business research refers to the process of identifying the opportunities and threats in the market and analyzing the strengths and weakness of the company to fulfill the requirements of the market and to compete. An example of business research is studying the buying behavior of North USA population who are below 30 years. Such a research will be helpful for a business to sell their goods/products effectively. Hence a business research is useful.
There should be any questions about the business research because the definition helps to guide the researcher on the path of his research and the purpose of his research. It is important because there are many definitions of research which guides or fulfill different purposes of research. A GEM of a Study Abstract: The Global Entrepreneurship Monitor Entrepreneurial Assessment, a joint project of The Kauffman Center for Entrepreneurial Leadership at Babson College (now Arthur M. Blank Center for Entrepreneurship) and The London Business School, has undertaken a long-term, large-scale project to prove the causal links between a government’s economic policies and initiatives, the resulting entrepreneurial activity and subsequent economic growth. This case describes multiple-stage research, including thousands of interviews in several countries by established research firms.  How/When to Use This case deals with the concept of causal studies vs. descriptive studies and what needs to be included in the research design of each study type. It also deals with what constitutes control in research design; in this context it is best used with chapters 5 and chapter 6 although it may be used with chapters 6-9. This is also a great case to use to discuss constructs vs. concepts (Chapter 3), as Exhibit C-GEM-1.1 clearly has struggled with defining numerous constructs and multiple-measurement variables and, therefore, could be used to further explore text Exhibit 3-1. The case also mentions the use of standardized data; in this context you could use the case to explore how “standardized” data from different countries really is and where the student seeks such country-specific data.

## Solution Manual for The Practice of Statistics for Business and Economics 4th Edition by Moore

Chapter 1 The Demand for Audit and Other Assurance Services
•  The Practice of Statistics for Business and Economics  Concept Checks

1. 8

1. To do an audit, there must be information in a verifiable form and some standards (criteria) by which the auditor can evaluate the information. Determining the degree of correspondence between information and established criteria is determining whether a given set of information is in accordance with the established criteria. For an audit of a company’s financial statements the criteria are U.S. generally accepted accounting principles or International Financial Reporting Standards.

1. The four primary causes of information risk are remoteness of information, biases and motives of the provider, voluminous data, and the existence of complex exchange transactions.
The three main ways to reduce information risk are:
1. User verifies the information.
2. User shares the information risk with management.
3. Audited financial statements are provided.

1. 16

1. The three main types of audits are operational audits, compliance audits, and financial statement audits. The table below summarizes the purposes and nature of each type of audit.
Concept Checks (continued)
 OPERATIONAL AUDITS COMPLIANCE AUDITS AUDITS OF FINANCIAL STATEMENTS USERS OF AUDIT REPORT Management of organization Authority that established rules, regulations, and procedures, either internal or external to auditee Different groups for different purposes — many outside entities NATURE Highly nonstandard; often subjective Not standardized, but specific and usually objective Highly standardized PERFORMED BY: CPAs Frequently Occasionally Almost universally GAO AUDITORS Frequently Frequently Occasionally IRS AUDITORS Never Universally Never INTERNAL AUDITORS Frequently Frequently Frequently*
* Internal auditors may assist CPAs in the audit of financial statements. Internal auditors may also audit internal financial statements for use by management.
1. The major differences in the scope of audit responsibilities for CPAs, GAO auditors, IRS agents, and internal auditors are:

• CPAs perform audits of financial statements prepared using S. GAAP or IFRSin accordance with auditing standards.
• GAO auditors perform compliance or operational audits in order to assure the Congress of the expenditure of public funds in accordance with its directives and the law.
• IRS agents perform compliance audits to enforce the federal tax laws as defined by Congress, interpreted by the courts, and regulated by the IRS.
• Internal auditors perform compliance or operational audits in order to assure management or the board of directors that controls and policies are properly and consistently developed, applied, and

## Solution Manual for Statistics for Business and Economics 14th Edition by Anderson

Chapter 1 Data and Statistics Learning Objectives
1. Obtain an appreciation for the breadth of statistical applications in business and economics.
2. Understand the meaning of the terms elements, variables, and observations as they are used in statistics.
3. Obtain an understanding of the difference between categorical, quantitative, cross-sectional, and time-series data.
4. Learn about the sources of data for statistical analysis both internal and external to the firm.
5. Be aware of how errors can arise in data.
6. Know the meaning of descriptive statistics and statistical inference.
7. Be able to distinguish between a population and a sample.
8. Understand the role a sample plays in making statistical inferences about the population.
9. Know the meaning of the term data mining.
10. Be aware of ethical guidelines for statistical practice.
Solutions:
1. Statistics can be referred to as numerical facts. In a broader sense, statistics is the field of study dealing with the collection, analysis, presentation and interpretation of data.
2.      a.   The 10 elements are the 10 tablet computers b. Five variables: Cost (\$), Operating System, Display Size (inches), Battery Life (hours), and CPU Manufacturer c       Categorical variables:       Operating System and CPU Manufacturer Quantitative variables:         Cost (\$), Display Size (inches), and Battery Life (hours) d.
 Variable Measurement Scale Cost (\$) Ratio Operating system Nominal Display size (inches) Ratio Battery life (hours) Ratio CPU manufacturer Nominal
3.      a.   Average cost = 5829/10 = \$582.90
1. Average cost with a Windows operating system= 3616/5 = \$723.20 =             cost with an Android operating system = 1,714/4 = \$428.5 The average cost with a Windows operating system is much higher.
2. Ten of 10 or 20% use a CPU manufactured by TI OMAP
3. Four of 10 or 40% use an Android operating system
Weight
DimensionsN/AN/AN/AN/AN/AN/A
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
• Image
• SKU
• Rating
• Price
• Stock
• Availability
• Add to cart
• Description
• Content
• Weight
• Dimensions