BUS152-HW3-Questions&Solutions - Deadline May 23th...

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SPRING 2011 Deadline: May 23 th , 2011 Until 17:30 1 BUS152 Statistics for Social Sciences Homework 3 Important Remarks: This is an individual assignment. Thus, each student should do this assignment by her/his own. Any violation of the academic code of ethics of METU NCC will (see http://ncc.metu.edu.tr/academic/acadcode-of-ethics.php ) strictly be penalized. The students must use SPSS to do the homework. Each student has to submit the homework either via METU-Online as a MS Word file or as a printed copy to my office until the 23th of May 2011, 17:30. Late submissions or submissions via e-mail will not be accepted. Note that if you are going to upload any file to METU-Online, Assignments, please do not use Turkish characters in the filenames as these characters cause uploaded files to be disrupted by METU-Online. When such files are opened, the file seems to be a blank document! Note that next week (May 16 th and 18 th ), there will be an in-class quiz with questions similar to the assignment questions. Quiz not the submitted HW assignment will be graded. However, the student will not get any credit from the quiz if he/she does not submit this HW assignment or if he/she does not solve all the questions of this HW assignment. Questions and Solutions Q1. In New York State, savings banks are permitted to sell a form of life insurance called savings bank life insurance (SBLI). The approval process consists of
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