EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
expand_more
expand_more
format_list_bulleted
Question
Chapter 17, Problem 21CE
To determine
Develop a simple index of the number of employees from 2004 until 2015 using 2000 as the base period.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions):
Year 2
Year 1
Revenues (sales)
$32,376
$30,601
Operating income
4,502
4,175
a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place.
Operating income
$fill in the blank 1
fill in the blank 2%
b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place.
Year 1 fill in the blank
Year 2 fill in the blank
In a particularly small region in the Philippines, the consumer price index C depends on
The following information is on food items for the years 2010 and 2018.
2010 2018
Item Price Quantity Price Quantity
Margarine (pound) $0.81 18 $2.00 27
Shortening (pound) 0.84 2 1.88 9
Milk (1/2 gallon) 1.44 74 2.89 63
Potato chips 2.91 26 3.99 32
Compute a simple aggregate price index. Use 2010 as the base period. (Round your answer to 2 decimal places.)
Chapter 17 Solutions
EBK STATISTICAL TECHNIQUES IN BUSINESS
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
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
- The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but notnecessarily corresponding exactly to the real value.[18]Develop a reasonable argument for why the termnominal rate is used to describe the annual percentagerate of an investment account that compoundsinterest.arrow_forwardConsider the following data from a stock table on the company "Apple Inc." Name Apple Inc. Symbol APPL Close $148.96 Day Range $146.76−$148.98 52-week Range $89.47−$148.98 Volume 27,327,725 P/E 17.88 Dividend $2.52 EPS $? Calculate the earnings per share.arrow_forwardThe following data lists eight different investment amounts (X) and the amount of interest they earned (Y):arrow_forward
- The daily sales figures shown below have been recorded in a medium size insurance companyarrow_forwardFind out the next month after april income by using the forecasting method of the moving average methodarrow_forwardGiven the data below: Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 1 150 140 190 165 2 160 148 210 175 Compute the seasonal index for Quarter 2 and Quarter 3.arrow_forward
- Suppose the following table shows the approximate price of a certain stock in December of each year from 2005 through 2014, as well as the 4-year moving averages for 2005 through 2007.† Complete the table by computing the remaining 4-year moving averages. (Note the peak in 2007 and the drop in subsequent years.) Round each average to the nearest dollar. (Chart in picture)arrow_forwardSuppose the table below gives the average tuition and fees at 2-year and 4-year state schools in a particular state. Values are adjusted to 2019 dollars. Academic Year 4-year state school 2-year state school 2005-06 $5,904 $2,661 2006-07 $6,066 $2,539 2007-08 $6,289 $2,604 2008-09 $7,222 $2,901 2009-10 $7,738 $3,065 2010-11 $8,035 $3,117 2011-12 $8,154 $3,108 2012-13 $8,497 $3,075 2013-14 $8,578 $3,025 2014-15 $9,390 $3,326 2015-16 $10,004 $3,504 2016-17 $10,474 $3,663 2017-18 $10,789 $3,830 2018-19 $10,874 $3,859 2019-20 $10,900 $3,907 Here is a graph of the information from the table. a. What is the absolute change in tuition and fees at this state's four-year institutions from 2005-06 to 2019-20? b. What is the relative change in tuition and fees at this state's four-year institutions from 2005-06 to 2019-20? Round to the nearest whole percentage…arrow_forwardThe following information is on food items for the years 2010 and 2018. 2010 2018 Item Price Quantity Price Quantity Margarine (pound) $0.81 18 $2.00 27 Shortening (pound) 0.84 2 1.88 9 Milk (1/2 Gallon) 1.44 74 2.89 63 Potato Chips 2.91 26 3.99 32 Compute Paasche’s index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)arrow_forward
- When data consist of percentages, ratios, compounded growth rates, or other rates of change, the geometric mean is a useful measure of central tendency. For n data values, the geometric mean, assuming all data values are positive, is as follows. To find the average growth factor over 5 years of an investment in a mutual fund with growth rates of 8.7% the first year, 11.5% the second year, 15.2% the third year, 3% the fourth year, and 7.1% the fifth year, take the geometric mean of 1.087, 1.115, 1.152, 1.03, and 1.071. Find the average growth factor of this investment. (Round your answer to four decimal places.)arrow_forwardThe following table shows the average monthly production of coal in tonnes for the year 2010-2019. Year Production (in tonnes) Year Production (in tonnes) 2010 50.0 2015 38.1 2011 36.5 2016 32.6 2012 43.0 2017 41.7 2013 44.5 2018 41.1 2014 38.9 2019 33.8 Compute the price indices from 2010 to 2019 by taking 2019 as the base year. Compare the price of 2014 and 2017. What is the percentage (%) change in the production from 2016 to 2019?arrow_forwardThe table below shows the year open and year closing price of the S&P 500 Stock Index from 2005 to 2020: Year Year Open Year Close Annual Percent Change 2005 $ 1,202.08 $ 1,248.29 2006 $ 1,268.08 $ 1,418.30 2007 $ 1,416.60 $ 1,468.36 2008 $ 1,447.16 $ 903.25 2009 $ 931.80 $ 1,115.10 2010 $ 1,132.99 $ 1,257.64 2011 $ 1,271.87 $ 1,257.60 2012 $ 1,277.06 $ 1,426.19 2013 $ 1,462.42 $ 1,848.36 2014 $ 1,831.98 $ 2,058.90 2015 $ 2,058.20 $ 2,043.94 2016 $ 2,012.66 $ 2,238.83 2017 $ 2,257.83 $ 2,673.61 2018 $ 2,695.81 $ 2,506.85 2019 $ 2,510.03 $ 3,230.78 2020 $ 3,257.85 $ 3,756.07 Find the annual percent change for the S&P 500 from 2005 to 2020; (Put those values in the table above) Compute the mean,…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
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