STATISTICAL TECHNIQUES-ACCESS ONLY
STATISTICAL TECHNIQUES-ACCESS ONLY
16th Edition
ISBN: 9780077639648
Author: Lind
Publisher: MCG
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Chapter 18, Problem 2.1PT

a.

To determine

Compute the simple index for each year using 2009 as the base year.

b.

To determine

Compute the simple index for each year using 2009‑2010 as the base year.

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2.62 For the period 2001–2008, the Bristol-Myers Squibb Company, Inc. reported the following amounts (in billions of dollars) for (1) net sales and (2) advertising and product promotion. The data are also in the file XR02062.   Source: Bristol-Myers Squibb Company, Annual Reports, 2005, 2008.   Year         Net Sales           Advertising/Promotion 2001       $16.612                     $1.201 2002       16.208                     1.143 2003       18.653                     1.416 2004       19.380                     1.411 2005       19.207                     1.476 2006       16.208                     1.304 2007       18.193                     1.415 2008        20.597                    1.550   For these data, construct a line graph that shows both net sales and expenditures for advertising/product promotion over time. Some would suggest that increases in advertising should be accompanied by increases in sales. Does your line graph support this?
A company usually buys white and brown sugar. The quantities that were bought in 2000, 2001 and 2002 are shown below. Year 2000 2001 2002 Brown 105 119 123 White 103 115 122 The prices ($) per 100kg in 2000, 2001 and 2002 are shown below. Year 2000 2001 2002 Brown 61 70 80 White 65 72 82 (base year is 2000). Calculate the Paasche index for 2002 and give your answer in 2 d.p.
The table shows the historical in-state tuition rates for the University of Kalamazoo. Use the data to answer the questions and round your answers to two decimal places. Academic year Rate of tuition for one semester 2008–2009 $3,812 2009–2010 $4,002 2010–2011 $4,441 2011–2012 $4,905 2012–2013 $5,181   What is the percentage increase in tuition from the 2008–2009 school year to the 2012–2013 school year?

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