b. Compute the seasonal indexes for the four quarters (to 3 decimals). Hudson Marine provides boats sales, service, and maintenance. Boat trailers are one of its top sales items. Suppose the quarterly sales values forthe seven years of historical data are as follows. Do not round intermediate calculations.Year1234567Quarter 1 Quarter 2713101518242430202630363641Quarter 310162423302936Quarter 4481220212225Total YearlySales34547791111111132 a. Compute the centered moving average values (first find Four-Quarter Moving Average) for this time series (to 3 decimals).Centered MovingAveraget12345678910111213141516171819202122232425262728Sales7131041020168152624121830232024363021243629223041362513***

(a) The objective is to compute the centered moving average values.

Answered: t 1 JULE SITE 2 3 5 6 7 8 9 10 11 12 13…

t 1 JULE SITE 2 3 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Sales 7 13 10 4 10 20 16 8 15 26 24 12 18 30 23 20 24 36 30 21 24 36 29 22 30 41 36 25 Centered Moving Average 13

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.3: Modeling Data With Power Functions

Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...

See similar textbooks

Related questions

Q: Problem 3: The mean yearly mileage of the vehicles in a delivery company's fleet is 51,400 miles,…

A: A continuous random variable X is said to follow Normal distribution with parameters μ and σ2 if its…

Q: zzes with probability 1/3, independent of other quizzes. What is the expected number of quizzes that…

A: Given Dave fails quizzes with probability 1/3, independent of other quizzes.

Q: Rework problem 3 from section 4.1 of your text involving the computation of probabilities for…

A: Given,n=5 and q=0.45p=1-0.45=0.55A random variable X~Binomial(n=5 , p=0.55)P(X=x)=Cx(0.55)x(0.45)5-x…

Q: About ____% of the area under the curve of the standard normal distribution is between…

A: The random variable (z) follows standard normal variable with mean 0 and standard deviation 1. The…

Q: You have a 30-sided dice. Your friend Hugo has three favorite numbers: 5, 3, and 10. What is the…

A: Given You have a 30-sided dice. Your friend Hugo has three favorite numbers: 5, 3, and 10.

Q: Let X₁~N(-1,5), X₂~N(3,2), X3~N(0,1). They are independent rv's. Find the probability distribution…

Q: A bag of peanuts in their shells contains 121 peanuts. 52 of the shells contain one peanut, 66 of…

A: Given: Peanuts One Two Three Total Cracked 13 18 0 31 Not cracked 52-13=39 66-18=48 3 90…

Q: An airline operates a call center to handle customer questions and complaints. The airline monitors…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: A raffle offers a first prize of $500 and 3 second prizes of $80 each. One ticket costs $1, and 400…

A: given data, $ 500- first prize$ 80 - second prizeone ticket costs $1and 400 tickets are sold…

Q: r any two random variables X and Y, Var(X) ≥ E[Var(X|Y)]. TRUE FALSE

A: It is given that for two random variables X and Y Var(X) ≥ E[Var(X/Y)]

Q: The potholes in a long road occur as a Poisson process of rate 4 per mile. In other words, if we let…

Q: A loss random variable X has a Poisson distribution with a mean of λ. An insurance policy on the…

Q: A manufacturing firm claims that the batteries used in their electronic games will last an average…

A: The following information has been provided: The hypothesized population mean is μ=30. The sample…

Q: The weight of a certain machined part has a standard deviation of 11 grams. How many parts from the…

A: We have given thatStandard deviation(σ) = 4.23Margin of error (E) = 4.23Significance level (α) = 1 -…

Q: Suppose you decide to model the number of multiple choice questions you get right as a binomial…

A: Assume a random variable X, defines that the number of questions answered correctly.

Q: 2. Assume the standard normal mean 0 and standard deviation 1. With a) Find the z-score associated…

A: Note: According to Bartleby guidelines expert solve only one question and maximum three subpart of…

Q: Page 348, 5.3.9.* Let f(x) = 3/x4, 1 < x < ∞, zero elsewhere, be the pdf of a random variable X.…

A: Let the pdf of the random variable X is f(x)=3x4; 1<x<∞0 ;elsewhere The random sample size…

Q: A survey finds that customers are overcharged by price scanning systems, on average, on 2.05% of…

A: given data P(over charged) = p = 0.0205 n = 10 items purchased x= no. of items overcharged here x…

Q: 3. Let y be distributed as N3 (μ, E) where (-²¹). 2 1 0 1 1 1 4. μ = Σ =|1 0 Find the distribution…

A: Objective of this question is that, find the distribution of Z , where Z given below Z=2Y1+3Y2-Y3

Q: A bag contains three an d red balls itwo yellow balls, balls-Suppose. we pick green that three ball…

Q: A die is rolled 9 times. Find the probability of rolling exactly 1 three. The probability is (Round…

A: roll a die 9 times n = 9 P(roll three) = p = 16 x = no. of time three rolled here all outcomes are…

Q: Give an example of a random variable X : {b, c, d, e} → N (Natural Number) with expectation 2, where…

A: b,c,d,e are natural numbers (1,2,3.....) E(X) = 2 given and each one is having equal probability.

Q: You are interested in carrying out a statistical test of income in a particular neighborhood. Your…

A: From the provided information, Sample size (n) = 64 Sample mean (x̄) = 27500 Sample standard…

Q: Suppose that a discrete random variable X has the following probability mass function, X 1 f(x) // 5…

A: Given Suppose that a discrete random variable X has the following probability mass function

Q: From previous studies, it is concluded that 50% of phone numbers in a certain city are unlisted. A…

A: From the provided information, Sample size (n) = 300 Population proportion (p) = 0.50 Level of…

Q: A set of exam scores is normally distributed with a mean = 82 and standard deviation = 9. Use the…

A: 1)GivenMean(μ)=15standard deviation(σ)=3

Q: The weight of a certain machined part has a standard deviation of 11 grams. How many parts from the…

A: We have given thatStandard deviation(σ) = 11Margin of error (E) = 4.23Significance level (α) = 1 -…

Q: Suppose a PDF is given as f(x) = 3x², where 0 ≤ x ≤ 1 Compute P (x > ¹).

A: Basic concepts of discrete probability distribution are used where we calculate the given…

Q: Classify the following statement as an example of classical probability, empirical probability, or…

A: Classical probability : the approach based on assuming that experiments have a fixed number of…

Q: An investment firm offers its customers municipal bonds that mature after varying numbers of years.…

Q: x)=2x IT X Is betwe 0 T; T(X)=C wn valuation, while the seller does r e seller sets a price, and…

Q: In Exercises 29-34 the mean and standard deviation of a nor- mal variable X are given. Find the…

Q: In a homicide case 3 different witnesses picked the same man from a line up. The line up contained 5…

A: We have given that In a homicide case 3 different witnesses picked the same man from a line up The…

Q: A company produces scooters used by small businesses that find them convenient for making short…

A: electrical mechanical total plant 1 25 44 69 plant -2 69 62 131 total 94 106 200

Q: A population of values has a normal distribution with μ=27.1μ=27.1 and σ=5.6σ=5.6. You intend to…

A: Solution

Q: bag

Q: b. Use the following dummy variables to develop an estimated regression equation to account for any…

A: Forecasting using linear model. Note that I used R software for my calculations.

Q: For each problem, show the proper work needed for FRQ’s and find the answer. For problems with a *,…

A: First day: The probability of getting a partridge is 0.58. The probability of getting a pear tree is…

Q: 2. a) to your pos prven TTIOT We have three pancakes. One is burnt on two sides, one on one side,…

A: When the occurrence of an event depends on another event, we use conditional probability. Let us…

Q: Suppose that a family has 3 children. Also, suppose that the probability of having a girl (based on…

A: given data, family has 3 children…

Q: The types of raw materials used to construct stone tools found at an archaeological site are shown…

A: The given sample of 1486 stone tools were obtained from a current excavation site.

Q: What is the expected number of heads that come up when a fair coin is flipped five times?

A: From the provided information, A coin is flipped five times that is n = 5

Q: Blood pressure: High blood pressure has been identified as a risk factor for heart attacks and…

A: Given P=0.20 n=40

Q: A particular system in a space vehicle must work properly in order for it to gain reentry into the…

A: To find: What is the probability that the system will fail?

Q: You are interested in carrying out a statistical test of income in a particular neighborhood. Your…

A: given data n = 64x¯ =27500σ = 10000α = 0.01claim : μ < 30000

Q: Suppose a fair die numbered 1 to 5 is rolled 4 times. Complete parts (a) and (b) below. (a) Find the…

A: fair die numbered 1 to 5 is rolled 4 times P(roll 3) = 15 = 0.2 number of trials (n) = 4 x = no. of…

Q: A paper roll factory investigates the quality of products. The technicians have confirmed the number…

A: The probability distribution for the number of brownish spots on each paper roll is given.

Q: Q20. A popular app, Zolo, has come on the market for streaming pet-friendly music while others in…

A: A percentage is a number or ratio which is expressed in terms of a fraction of 100. In other words,…

Q: Problem #6: Let X be a Poisson random variable with parameter 2, and Y a geometric random variable…

A: Given that, X be a Poisson random variable with parameter 2 and Y be a geometric random variable…

Q: (a) Show that the likelihood ratio test of Ho: 0 = 0o versus H₁ : 000 is based upon the statistic Y…

Question

100%

b. Compute the seasonal indexes for the four quarters (to 3 decimals).

Hudson Marine provides boats sales, service, and maintenance. Boat trailers are one of its top sales items. Suppose the quarterly sales values for
the seven years of historical data are as follows. Do not round intermediate calculations.
Year
1
2
3
4
5
6
7
Quarter 1 Quarter 2
7
13
10
15
18
24
24
30
20
26
30
36
36
41
Quarter 3
10
16
24
23
30
29
36
Quarter 4
4
8
12
20
21
22
25
Total Yearly
Sales
34
54
77
91
111
111
132

a. Compute the centered moving average values (first find Four-Quarter Moving Average) for this time series (to 3 decimals).
Centered Moving
Average
t
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Sales
7
13
10
4
10
20
16
8
15
26
24
12
18
30
23
20
24
36
30
21
24
36
29
22
30
41
36
25
13
***

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here