Rock and roll is a form of music that evolved in the United States and quickly spread to the rest of the world. The interest in rock music, like any other genre, has gone through ups and downs over the years. The Recording Industry Association of America (RIAA) reports consumer trends on the basis of annual data on genre, format, age, and gender of purchasers and place of purchase. The accompanying table lists a portion of the percentage (share) of total shipment of music that falls in the category of rock music from 1991-2008. Year Share 1991 1992 34.8 31.6 2008 31.8 Source: www.riaa.com. B Click here for the Excel Data File The data are plotted below. 37- 35- 33 31- 29- 27- 25- 23 1996 1994 1998 2004 2002 1992 2000 200 2008 1990 a. Discuss the presence of random variations. OThe smoother appearance of the graph suggests the presence of random variations. OThe smoother appearance of the graph suggests the absence of random variations. OThe jagged appearance of the graph suggests the presence of random variations. OThe jagged appearance of the graph suggests the absence of random variations. b. Use the 3-period moving average to make a forecast for the share of rock music in 2009. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) 3-period moving average forecast for 2009 c. Use the 5-period moving average to make a forecast for the share of rock music in 2009. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) 5-period moving average forecast for 2009

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 26PPS
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B and c
Year
Share
1991
34.8
1992
31.6
1993
30.2
1994
35.1
1995
33.5
1996
32.6
1997
32.5
1998
25.7
1999
25.2
2000
24.8
2001
24.4
2002
24.7
2003
25.2
2004
23.9
2005
31.5
2006
34.0
2007
32.4
2008
31.8
Transcribed Image Text:Year Share 1991 34.8 1992 31.6 1993 30.2 1994 35.1 1995 33.5 1996 32.6 1997 32.5 1998 25.7 1999 25.2 2000 24.8 2001 24.4 2002 24.7 2003 25.2 2004 23.9 2005 31.5 2006 34.0 2007 32.4 2008 31.8
Rock and roll is a form of music that evolved in the United States and quickly spread
to the rest of the world. The interest in rock music, like any other genre, has gone
through ups and downs over the years. The Recording Industry Association of
America (RIAA) reports consumer trends on the basis of annual data on genre,
format, age, and gender of purchasers and place of purchase. The accompanying
table lists a portion of the percentage (share) of total shipment of music that falls in
the category of rock music from 1991–2008.
Year
Share
1991
34.8
1992
31.6
2008
31.8
Source: www.riaa.com.
B Click here for the Excel Data File
The data are plotted below.
37-
35-
33-
31-
29-
27-
25-
23+
1992
1996
1994
2000
2004
2008
2006
1990
1998
2002
a. Discuss the presence of random variations.
OThe smoother appearance of the graph suggests the presence of random variations.
OThe smoother appearance of the graph suggests the absence of random variations.
O The jagged appearance of the graph suggests the presence of random variations.
OThe jagged appearance of the graph suggests the absence of random variations.
b. Use the 3-period moving average to make a forecast for the share of rock music in
2009. (Round intermediate calculations to at least 4 decimal places and final
answer to 2 decimal places.)
3-period moving average forecast for 2009
c. Use the 5-period moving average to make a forecast for the share of rock music in
2009. (Round intermediate calculations to at least 4 decimal places and final
answer to 2 decimal places.)
5-period moving average forecast for 2009
Transcribed Image Text:Rock and roll is a form of music that evolved in the United States and quickly spread to the rest of the world. The interest in rock music, like any other genre, has gone through ups and downs over the years. The Recording Industry Association of America (RIAA) reports consumer trends on the basis of annual data on genre, format, age, and gender of purchasers and place of purchase. The accompanying table lists a portion of the percentage (share) of total shipment of music that falls in the category of rock music from 1991–2008. Year Share 1991 34.8 1992 31.6 2008 31.8 Source: www.riaa.com. B Click here for the Excel Data File The data are plotted below. 37- 35- 33- 31- 29- 27- 25- 23+ 1992 1996 1994 2000 2004 2008 2006 1990 1998 2002 a. Discuss the presence of random variations. OThe smoother appearance of the graph suggests the presence of random variations. OThe smoother appearance of the graph suggests the absence of random variations. O The jagged appearance of the graph suggests the presence of random variations. OThe jagged appearance of the graph suggests the absence of random variations. b. Use the 3-period moving average to make a forecast for the share of rock music in 2009. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) 3-period moving average forecast for 2009 c. Use the 5-period moving average to make a forecast for the share of rock music in 2009. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) 5-period moving average forecast for 2009
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