?Refer to the Southern Economic Journal (April 2008) rankings of PhD programs in | StudySoup
Statistics for Business and Economics | 13th Edition | ISBN: 9780134506593 | Authors: James T. McClave; P. George Benson; Terry Sincich

Table of Contents

1
Statistics, Data, and Statistical Thinking

2.1
Describing Qualitative Data
2.10
Distorting the Truth with Descriptive Techniques
2.2
Graphical Methods for Describing Quantitative Data
2.3
Numerical Measures of Central Tendency
2.4
Numerical Measures of Variability
2.5
Using the Mean and Standard Deviation to Describe Data
2.6
Numerical Measures of Relative Standing
2.7
Methods for Detecting Outliers: Box Plots and z-Scores
2.8
Graphing Bivariate Relationships (Optional)

3
Probability
3.1
Events, Sample Spaces, and Probability
3.4
The Additive Rule and Mutually Exclusive Events
3.6
The Multiplicative Rule and Independent Events
3.7
Bayes’s Rule

4.1
Two Types of Random Variables
4.2
Probability Distributions for Discrete Random Variables
4.3
The Binomial Distribution
4.4
Other Discrete Distributions: Poisson and Hypergeometric
4.6
The Normal Distribution
4.7
Descriptive Methods for Assessing Normality
4.8
Other Continuous Distributions: Uniform and Exponential

6.2
Confidence Interval for a Population Mean: Normal (z) Statistic
6.3
Confidence Interval for a Population Mean: Student’s t-Statistic
6.4
Large-Sample Confidence Interval for a Population Proportion
6.5
Determining the Sample Size
6.6
Finite Population Correction for Simple Random Sampling (Optional)
6.7
Confidence Interval for a Population Variance (Optional)

8.2
Comparing Two Population Means: Independent Sampling
8.3
Comparing Two Population Means: Paired Difference Experiments
8.4
Comparing Two Population Proportions: Independent Sampling
8.5
Determining the Required Sample Size
8.6
Comparing Two Population Variances: Independent Sampling

9.1
Elements of a Designed Experiment
9.2
The Completely Randomized Design: Single Factor
9.3
Multiple Comparisons of Means
9.4
The Randomized Block Design
9.5
Factorial Experiments: Two Factors

10.2
Testing Category Probabilities: One-Way Table
10.3
Testing Category Probabilities: Two-Way (Contingency) Table
10.4
A Word of Caution About Chi-Square Tests

11
Simple Linear Regression
11.1
Probabilistic Models
11.2
Fitting the Model: The Least Squares Approach
11.3
Model Assumptions
11.4
Assessing the Utility of the Model: Making Inferences About the Slope b1
11.5
The Coefficients of Correlation and Determination
11.6
Using the Model for Estimation and Prediction
11.7
A Complete Example

12.3
Evaluating Overall Model Utility
12.4
Using the Model for Estimation and Prediction
12.5
Interaction Models
12.6
Quadratic and Other Higher-Order Models
12.7
Qualitative (Dummy) Variable Models

13.4
A Control Chart for Monitoring the Mean of a Process: The x-Chart
13.5
A Control Chart for Monitoring the Variation of a Process: The R-Chart
13.6
A Control Chart for Monitoring the Proportion of Defectives Generated by a Process: The p-Chart
13.8
Capability Analysis

14.1
Descriptive Analysis: Index Numbers
14.2
Descriptive Analysis: Exponential Smoothing
14.5
Forecasting Trends: Holt’s Method
14.6
Measuring Forecast Accuracy: MAD and RMSE
14.8
Seasonal Regression Models
14.9
Autocorrelation and the Durbin-Watson Test

Textbook Solutions for Statistics for Business and Economics

Chapter 4.7 Problem 124

Question

Refer to the Southern Economic Journal (April 2008) rankings of PhD programs in economics at 129 colleges and universities, Exercise 2.103 (p. 93). Recall that the number of publications published by faculty teaching in the PhD program and the quality of the publications were used to calculate an overall productivity score for each program. The mean and standard deviation of these 129 productivity scores were then used to compute a z-score for each economics program. The data (z-scores) for all 129 economic programs are saved in the accompanying file. A Minitab normal probability plot for the z-scores is shown below. Use the graph to assess whether the data are approximately normal.

Solution

Step 1 of 7)

The first step in solving 4.7 problem number trying to solve the problem we have to refer to the textbook question: Refer to the Southern Economic Journal (April 2008) rankings of PhD programs in economics at 129 colleges and universities, Exercise 2.103 (p. 93). Recall that the number of publications published by faculty teaching in the PhD program and the quality of the publications were used to calculate an overall productivity score for each program. The mean and standard deviation of these 129 productivity scores were then used to compute a z-score for each economics program. The data (z-scores) for all 129 economic programs are saved in the accompanying file. A Minitab normal probability plot for the z-scores is shown below. Use the graph to assess whether the data are approximately normal.
From the textbook chapter Descriptive Methods for Assessing Normality you will find a few key concepts needed to solve this.

Step 2 of 7)

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Step 3 of 7)

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Title Statistics for Business and Economics 13 
Author James T. McClave; P. George Benson; Terry Sincich
ISBN 9780134506593

?Refer to the Southern Economic Journal (April 2008) rankings of PhD programs in

Chapter 4.7 textbook questions

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