Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
17th Edition
ISBN: 9781260149623
Author: Lind
Publisher: MCG
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Chapter 17, Problem 17CE
To determine
Develop a simple index of domestic sales using 2000 as the base period.
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A Paasche price index for each year.
JOYFUL Fashion Company is reviewing the monthly sales in year 2021.The monthly sales (in millions) of each month
were as below:
Jan: $2.2 Feb: $2.5 Mar: $2.0 Apr: $2.8 May: $1.9
Jun: $0.9
Jul: $3.4
Aug: $3.7 Sep: $2.1
Oct: $2.5 Nov: $2.3
Dec: $4.6|
The JOYFUL Fashion Company will issue a Gold Membership to customers with accumulated spending in
January 2022 over 1% of 2021's average monthly sales and a Platinum Membership to customers with
accumulated spending in January 2022 over 1% of the 80th percentile of 2021's monthly sales.
(c) Mrs. Robinson has spent $27,450 in January 2022. Will she be qualified for the Gold Membership? Will she be
qualified for the Platinum Membership? Explain your answers.
(d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the average
monthly sales from July 2020 to Dec 2021.
(e) Are the JOYFUL Fashion Company sales increasing / decreasing? Explain your answer by comparing the
half-yearly average monthly sales.…
JOYFUL Fashion Company is reviewing the monthly sales in year 2021. The monthly sales (in millions) of
each month were as below:
Jan:
$2.2
Jul:
$3.4
Feb:
$2.5
Aug:
$3.7
Mar:
$2.0
Sep:
$2.1
Apr:
$2.8
Oct:
$2.5
Мay:
$1.9
Nov:
$2.3
Jun:
$0.9
Dec:
$4.6
(d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the
average monthly sales from July 2020 to Dec 2021.
(e) Are the JOYFUL Fashion Company sales increasing / decreasing? Explain your answer by comparing
the half-yearly average monthly sales. (i.e. Jul 2020 to Dec 2020; Jan 2021 to Jun 2021; Jul 2021 to Dec
2021)
Chapter 17 Solutions
Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
Ch. 17 - Prob. 1.1SRCh. 17 - Prob. 1.2SRCh. 17 - Prob. 1ECh. 17 - Prob. 2ECh. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 2SRCh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Prob. 7E
Ch. 17 - Prob. 8ECh. 17 - Prob. 3SRCh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 4SRCh. 17 - Prob. 11ECh. 17 - Prob. 5SRCh. 17 - Prob. 6SRCh. 17 - Prob. 7SRCh. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 15ECh. 17 - Prob. 16ECh. 17 - Prob. 17CECh. 17 - Prob. 18CECh. 17 - Prob. 19CECh. 17 - Prob. 20CECh. 17 - Prob. 21CECh. 17 - Prob. 22CECh. 17 - Prob. 23CECh. 17 - Prob. 24CECh. 17 - Prob. 25CECh. 17 - Prob. 26CECh. 17 - Prob. 27CECh. 17 - Prob. 28CECh. 17 - Prob. 29CECh. 17 - Prob. 30CECh. 17 - Prob. 31CECh. 17 - Prob. 32CECh. 17 - Prob. 33CECh. 17 - Prob. 34CECh. 17 - Prob. 35CECh. 17 - Prob. 36CECh. 17 - Prob. 37CECh. 17 - Prob. 38CECh. 17 - Prob. 39CECh. 17 - Prob. 40CECh. 17 - Prob. 41CECh. 17 - Prob. 42CECh. 17 - Prob. 43CECh. 17 - Prob. 44CECh. 17 - Prob. 45CECh. 17 - Prob. 46CECh. 17 - Prob. 47CECh. 17 - Prob. 48CECh. 17 - Prob. 49CECh. 17 - Prob. 50CECh. 17 - Prob. 51CECh. 17 - Prob. 52CECh. 17 - Prob. 53CECh. 17 - Prob. 54CECh. 17 - Prob. 55CE
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- Use the accompanying data table regarding retirement funds. Complete parts (a) through (d) below. a. Construct a growth and value table that tabulates type, market cap, risk,and rating.arrow_forwardJOYFUL Fashion Company is reviewing the monthly sales in year 2021. The monthly sales (in millions) of each month were as below: Jan: $2.2 Jul: $3.4 Feb: $2.5 Aug: $3.7 Mar: $2.0 Sep: $2.1 Apr: $2.8 Oct: $2.5 Мay: $1.9 Nov: $2.3 Jun: $0.9 Dec: $4.6 (a) Find the mean, mode, standard deviation, and range of the above data. (b) Comment on the skewness of the above data. Explain your answer with the comparison of quartiles. The JOYFUL Fashion Company will issue a Gold Membership to customers with accumulated spending in January 2022 over 1% of 2021's average monthly sales and a Platinum Membership to customers with accumulated spending in January 2022 over 1% of the 80th percentile of 2021's monthly sales. (c) Mrs. Robinson has spent $27,450 in January 2022. Will she be qualified for the Gold Membership? Will she be qualified for the Platinum Membership? Explain your answers. (d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the average…arrow_forwardSuppose that the Producer Price Index and the sales of Hoskin’s Wholesale Distributors for 2006 and 2018 are: What are Hoskin's real sales (also called deflated sales) for the 2 years? (Round your answers to the nearest whole dollar.)arrow_forward
- Using the data in the following table, E, calculate the return for investing in Boeing stock (BA) from January 2, 2008, to January 2, 2009, and also from January 3, 2011, to January 3, 2012, assuming all dividends are reinvested in the stock immediately.arrow_forwardGo to Yahoo!Finance and download data at the MONTHLY frequency for the stock Apple Inc. with ticker AAPL with starting date January 1, 1990 and end date August 4, 2016. Use the ADJUSTED CLOSING PRICE to create the monthly RETURNS that are the percentage change of the adjusted closing price (NB: make sure to sort first the price from OLDEST TO NEWEST; the percentage return is 100 times the price change between the current and previous month divided by the price in the previous month). Based on the time series of the stock return, answer the following questions (NB: you should have 319 monthly returns): Calculate the sample mean or average of the stock return: Calculate the sample standard deviation of the stock return: !!! For the questions below, use the values for the mean and std. dev. that you typed above (only the first 2 decimals)!!! Assuming that the returns follow a normal distribution: Calculate the P(return > 2.21): Calculate the P(-12.37 x) = 0.9704: Calculate the lower…arrow_forwardAt the end of 2015, the US Bureau of Economics Analysis posted the following data on the U.S disposable personal income by month for the 11 months of the year as indicated in this tablearrow_forward
- c. Predict sales in 15 years.arrow_forwarda) The cost of an 'average' television has fallen over recent years. 2017 2018 2019 2020 £950 £820 £740 £630 Convert the costs into an index using 2017 as the base year.arrow_forwardJOYFUL Fashion Company is reviewing the monthly sales in year 2021. each month were as below:The monthly sales (in millions) of Jan: $2.2 Feb: $2.5 Mar: $2.0 Apr: $2.8 May: $1.9 Jun: $0.9Jul: $3.4 Aug: $3.7 Sep: $2.1 Oct: $2.5 Nov: $2.3 Dec: $4.6(a) Find the mean, mode, standard deviation, and range of the above data.(b) Comment on the skewness of the above data. Explain your answer with the comparison of quartiles.The JOYFUL Fashion Company will issue a Gold Membership to customers with accumulated spending in January 2022 over 1% of 2021’s average monthly sales and a Platinum Membership to customers with accumulated spending in January 2022 over 1% of the 80th percentile of 2021’s monthly sales.(c) Mrs. Robinson has spent $27,450 in January 2022. Will she be qualified for the Gold Membership? Will she be qualified for the Platinum Membership? Explain your answers.(d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the average monthly…arrow_forward
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