
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Concept explainers
Topic Video
Question
Consider the following data:
Monthly Profit of an Auto Repair Shop
Monthly Profit of an Auto Repair Shop
Month | Jan-14 | Feb-14 | Mar-14 | Apr-14 | May-14 | Jun-14 | Jul-14 | Aug-14 | Sep-14 |
---|---|---|---|---|---|---|---|---|---|
Profit ($) | 15,204 | 15,354 | 14,155 | 16,208 | 17,863 | 17,120 | 19,150 | 18,369 | 20,146 |
Step 1 of 4 :
Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps with 3 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- For the following pairs of variables, indicate whether you would expect a positive correlation, a negative correlation, or close to 0 correlation. Maximum daily temperature and cooling costs Interest rates and number of loans Incomes of husbands and wives in dual career families Height and IQ Height and shoe size Score on the Math SAT and Verbal SAT scores Time spent on video games and college GPA Use of fertilizer and yield of cropsarrow_forwardA company has the following monthly sales for the past year. Plot the data points on a line graph and describe the results. Month Sales 1 145 2 146 3 145 4 150 5 148 6 150 7 156 8 160 9 158 10 153 11 152 12 154arrow_forwardYear Percent of workers paid hourly rates 1979 61.2 1980 60.7 1981 61.3 1982 61.3 1983 61.8 1984 61.7 1985 61.8 1986 62.0 1987 62.7 1990 62.8 1992 62.9 The percent of female wage and salary workers who are paid hourly rates is given above for the years 1979-1992. a. Using "year" as the independent variable and "percent" as the dependent variable, make a scatter plot of the data. b. Does it appear from inspection that there is a relationship between the variables? c. Find the estimated percents for 1991 and 1988. d. Use the two points in part C to plot the least squares line on your graph from part A.arrow_forward
- A professor went to a website for rating professors and looked up the quality rating and also the "easiness" of the six full-time professors in one department. The ratings are 1 (lowest quality) to 5 (highest quality) and 1 (hardest) to 5 (easiest). The numbers given are averages for each professor. Assume the trend is linear, find the correlation, and comment on what it means. Calculate the correlation. r = (Round to three decimal places as needed.) Comment on the meaning of the correlation. Choose the correct interpretation below. OA. The professors that have high easiness scores tend to also have low quality scores.. OB. Being "easy" as a professor causes students to regard the professor as having a higher quality. OC. The professors that have high easiness scores tend to also have high quality scores. OD. Being "easy" as a professor causes students to regard the professor as having a lower quality. Quality Easiness D 4.7 3.7 4.7 3.1 4.2 3.5 4.2 2.6 3.9 1.9 3.5 1.8arrow_forwardThe table gives information about the number of people staying in a hotel each quarter in 2020 and in 2021.Calculate the 4-point moving averages for this information. year 2020 2021 quarter 1 2 3 4 1 2 3 4 people 261 353 372 290 193 309 292 202arrow_forwardfind the 5 number summary and construct a box plot for company Aarrow_forward
- The following time series shows the sales of supermarket chain over the last six months. Month Sales ($ 000) August 2021 250 Sep 2021 280 Oct 2021 295 Nov 2021 320 Dec 2021 380 Jan 2022 360 Develop a linear trend equation that can be used to forecast sales in Feb 2022. Forecast the sales in Feb 2021 using a three-period weighted moving average designed with the following weights: Nov 2021 weight 0.6, Dec 2021 weight 0.3 and Jan 2022 weight 0.1. Which method (A or B) is the best? Explain why.arrow_forwardAssume that adults have IQ scores that are normally distributed with a mean of μ=105 and a standard deviation σ=20. Find the probability that a randomly selected adult has an IQ less than 129. Click to view page 1 of the table. LOADING... Click to view page 2 of the table. LOADING... Question content area bottom Part 1 The probability that a randomly selected adult has an IQ less than 129 is enter your response here. (Type an integer or decimal rounded to four decimal places as needed.)arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman

MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc

Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning

Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning

Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON

The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman