Bundle: Modern Business Statistics With Microsoft Excel, Loose-leaf Version, 5th + Aplia, 2 Terms Printed Access Card
5th Edition
ISBN: 9781337367615
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 1, Problem 14SE
a.
To determine
Draw the time series graphs for all three companies on the same graph, over the four years.
b.
To determine
Identify the company that seems to be the market share leader.
Comment on the changes in market share over time.
c.
To determine
Draw the bar chart for all three companies in the year 2010.
Comment on whether the chart is based on cross-sectional data or time series data.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The following data show the number of rental cars in service for three rental car corporations: Henz, Avis and Dollar. The data are for the years 2007-2010 and are in thousands of vehicles (auto Rental News website, May 15, 2011)
Â
Â
Â
Â
Â
Company
2007
2008
2009
2010
Hentz
327
311
286
290
Dollar
167
140
106
108
Avis
204
220
300
270
Â
Construct a time series graph for years 2007 and 2010 showing the number of rental cars service for each company. Show the time series for all three companies on the same graph
Comment on who appears to be the market share leaders and how market shares are changing over time.
Construct a bar chart showing rental cars in service for 2010. Is this chart based on cross sectional or time series data?
the values of alabama building contracts (in $ millions) for a 12-month period follow.240 350 230 260 280 320 220 310 240 310 240 230a. construct a time series plot. What type of pattern exists in the data?
The following is a time series for the last 6 months of 2016
50Â Â Â Â Â Â Â 54Â Â Â Â Â Â Â Â Â 65Â Â Â Â Â Â 58Â Â Â Â Â Â Â 70Â Â Â Â Â Â Â Â 68
The three (3) months moving totals are:
Chapter 1 Solutions
Bundle: Modern Business Statistics With Microsoft Excel, Loose-leaf Version, 5th + Aplia, 2 Terms Printed Access Card
Ch. 1 - 1. Discuss the differences between statistics as...Ch. 1 - 2. Tablet PC Comparison provides a wide variety of...Ch. 1 - 3. Refer to Table 1.6.
What is the average cost...Ch. 1 - 4. Table 1.7 shows data for eight cordless...Ch. 1 - 5. Refer to the data set in Table 1.7.
What is the...Ch. 1 - 6. J.D. Power and Associates surveys new...Ch. 1 - 7. The Kroger Company is one of the largest...Ch. 1 - 8. The Tennessean, an online newspaper located in...Ch. 1 - 9. The Commerce Department reported receiving the...Ch. 1 - 10. The Bureau of Transportation Statistics...
Ch. 1 - 11. In a Gallup telephone survey conducted on...Ch. 1 - 12. The Hawaii Visitors Bureau collects data on...Ch. 1 - Prob. 13SECh. 1 - Prob. 14SECh. 1 - Every year, the U.S. Coast Guard collects data and...Ch. 1 - 17. A manager of a large corporation recommends a...Ch. 1 - 18. A random telephone survey of 1021 adults (aged...Ch. 1 - 19. A Bloomberg Businessweek North American...Ch. 1 - 20. A survey of 131 investment managers in...Ch. 1 - 21. A seven-year medical research study reported...Ch. 1 - Prob. 22SECh. 1 - Prob. 23SECh. 1 - 24. A sample of midterm grades for five students...Ch. 1 -
Table 1.8 shows a data set containing information...
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
- A market research study hopes to determine if the average sales of house entertainment units will increase in a test market with the introduction of a new package. Â Sales recorded in a 32-day period for the old package and a 30-day period for the new package were as follows:arrow_forwardThe Energy Information Administration of the U.S. Department of Energy providedtime series data for the U.S. average price per gallon of conventional regular gasolinebetween January 2007 and February 2014 (Energy Information Administration website,March 2014). Use the Internet to obtain the average price per gallon of conventionalregular gasoline since February 2014.a. Extend the graph of the time series shown in Figure 1.1.b. What interpretations can you make about the average price per gallon of conventionalregular gasoline since February 2014?c. Does the time series continue to show a summer increase in the average price pergallon? Explain.arrow_forwardThe following table gives the annual salary for the troupearrow_forward
- The following chart shows "living wage" jobs in Rochester per 1000 working age adults over a 5 year period. Year 1997 1998 1999 2000 2001 Jobs 630 680 715 745 770 What is the average rate of change in the number of living wage jobs from 1997 to 1999?--------- Jobs/YearWhat is the average rate of change in the number of living wage jobs from 1999 to 2001?----------  Jobs/Yeararrow_forwardThe following is a record of Michael Jordan's remarkable basketball career up through 1998 (when he retired for the second time).                         SEASON                                            AVERAGE POINTS PER GAME                        1986-87                                                                      37.1                        1987-88                                                                      35.0                        1988-89                                                                      32.5                        1989-90                                                                      33.6                        1990-91                                                                      31.5                        1991-92                                                                      30.1                        1992-93                                                                      30.6…arrow_forwardThe following question is on statistics. An automatic car wash takes exactly 5 minutes to wash a car. On average, 10 cars per hour arrive at the car wash. Suppose that 30 minutes before closing time, 5 cars are in line. If the car wash is in continuous use until closing time, is it likely anyone will be in line at closing time?arrow_forward
- The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. For the last year, the managers sampled 16 brokers and determined the number of new clients they enrolled during that year and their sales amounts in millions of dollars for that year. This data is presented in the table that follows. In your answers, sales should be left as a decimal as in the data table. It is not necessary to multiply by one million dollars. Perform a simple linear regression analysis of this data and answer the following questions. Suggestion: Read all of the questions before doing any analysis. Broker New Clients Sales 1 27 5.32 2 11 3.44 3 42 7.96 4 33 6.62 5 15 4.06 6 15 3.16 7 25 4.9 8 36 6.84 9 28 5.8 10 30 5.84 11 17 3.56 12 22 4.58 13 18 3.7 14 24 5.34 15 35 6.9…arrow_forwardThe managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. For the last year, the managers sampled 16 brokers and determined the number of new clients they enrolled during that year and their sales amounts in millions of dollars for that year. This data is presented in the table that follows. In your answers, sales should be left as a decimal as in the data table. It is not necessary to multiply by one million dollars. Perform a simple linear regression analysis of this data and answer the following questions. Suggestion: Read all of the questions before doing any analysis. Broker New Clients Sales 1 27 5.32 2 11 3.44 3 42 7.96 4 33 6.62 5 15 4.06 6 15 3.16 7 25 4.9 8 36 6.84 9 28 5.8 10 30 5.84 11 17 3.56 12 22 4.58 13 18 3.7 14 24 5.34 15 35 6.9…arrow_forwardThe managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. For the last year, the managers sampled 16 brokers and determined the number of new clients they enrolled during that year and their sales amounts in millions of dollars for that year. This data is presented in the table that follows. In your answers, sales should be left as a decimal as in the data table. It is not necessary to multiply by one million dollars. Perform a simple linear regression analysis of this data and answer the following questions. Suggestion: Read all of the questions before doing any analysis. Broker New Clients Sales 1 27 5.32 2 11 3.44 3 42 7.96 4 33 6.62 5 15 4.06 6 15 3.16 7 25 4.9 8 36 6.84 9 28 5.8 10 30 5.84 11 17 3.56 12 22 4.58 13 18 3.7 14 24 5.34 15 35 6.9…arrow_forward
- The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. For the last year, the managers sampled 16 brokers and determined the number of new clients they enrolled during that year and their sales amounts in millions of dollars for that year. This data is presented in the table that follows. In your answers, sales should be left as a decimal as in the data table. It is not necessary to multiply by one million dollars. Perform a simple linear regression analysis of this data and answer the following questions. Suggestion: Read all of the questions before doing any analysis. Broker New Clients Sales 1 27 5.32 2 11 3.44 3 42 7.96 4 33 6.62 5 15 4.06 6 15 3.16 7 25 4.9 8 36 6.84 9 28 5.8 10 30 5.84 11 17 3.56 12 22 4.58 13 18 3.7 14 24 5.34 15 35 6.9…arrow_forwardFor the hawkins company, the monthly percentages of all shipments received on timeover the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83.a. construct a time series plot. What type of pattern exists in the data?arrow_forwardFollowing shows the numbers of Amazon Prime members in the millions, each quarter from 2016 to 2021. Quarter  2016   2017   2018   2019   2020    2021              1        26     36     48     62     81     98              2        27     37     50     65     83     103              3        29     40     53     69     86     109 4        33     44     57     74     93     117           Construct a line chart using the data. Describe the relationship between the time and number of subscribers.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Time Series Analysis Theory & Uni-variate Forecasting Techniques; Author: Analytics University;https://www.youtube.com/watch?v=_X5q9FYLGxM;License: Standard YouTube License, CC-BY
Operations management 101: Time-series, forecasting introduction; Author: Brandoz Foltz;https://www.youtube.com/watch?v=EaqZP36ool8;License: Standard YouTube License, CC-BY