Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Chapter 20.5, Problem 13E
To determine
Find the deflated revenue and comment on the company’s revenue in deflated dollars.
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Use the data below that describes a nation’s population to answer the following questions:
a) How many people are unemployed each year?
b) How many people are employed each year?
c) What impact would a recession have on the full-employment rate of unemployment of 4.0%?
Year 1 Year 2
Population 330 million 335 million
Labor Force 160 million 165 million
Unemployment rate 7 percent 6 percent
The revenue for Google for the years 2010–2014 is shown in the following table (Wallstreet Journal, August 2014). Deflate the revenue in dollars based on the CPI (1982–1984base period). Comment on the company’s revenue in deflated dollars.
Year Revenue ($ billions) CPI2010 29.3 218.12011 37.9 224.92012 50.2 229.62013 59.8 233.02014 66.7 236.7
Use the table to express the
2006
fatality rate in deaths per 100 million vehicle-miles traveled.
Year
Population
(millions)
Traffic fatalities
Licensed drivers(millions)
Vehicle miles(trillions)
1984
247
47,711
162
1.8
1991
288
42,093
183
2.6
2006
298
47,481
195
3.3
The 2006 fatality rate is____deaths per 100 million vehicle-miles.
Chapter 20 Solutions
Statistics for Business & Economics, Revised (MindTap Course List)
Ch. 20.2 - The following table reports prices and usage...Ch. 20.2 - An item with a price relative of 132 cost 10.75 in...Ch. 20.2 - A large manufacturer purchases an identical...Ch. 20.2 - Prob. 4ECh. 20.2 - Under the last-in, first-out (LIFO) inventory...Ch. 20.3 - Price relatives for three items, along with...Ch. 20.3 - The Mitchell Chemical Company produces a special...Ch. 20.3 - Prob. 8ECh. 20.3 - Compute the price relatives for the RB Beverages...Ch. 20.5 - Registered nurses in 2007 made an average hourly...
Ch. 20.5 - The average hourly wage rate for construction...Ch. 20.5 - Shipments of product from manufacturer to the...Ch. 20.5 - Prob. 13ECh. 20.7 - Prob. 14ECh. 20.7 - Prob. 15ECh. 20.7 - An automobile dealer reports the 1994 and 2011...Ch. 20 - Many factors influence the retail price of...Ch. 20 - Prob. 18SECh. 20 - Prob. 19SECh. 20 - Boran Stockbrokers, Inc., selects four stocks for...Ch. 20 - Compute the price relatives for the four stocks...Ch. 20 - Prob. 22SECh. 20 - Seafood price and quantity data are reported by...Ch. 20 - Prob. 24SECh. 20 - The closing price of Apple stock, adjusted for...Ch. 20 - Prob. 26SE
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- If it cost $12 to fill a gas tank in 2000, how much would it have cost to fill the same tank in 1990? Average Gasoline Prices (per gallon) Year Price Price as a Percentage of 2000 Price Price Index (2000=100) 1960 $0.31 19.9% 19.9 1970 $0.36 23.1% 23.1 1980 $1.22 78.2% 78.2 1990 $1.23 78.8% 78.8 2000 $1.56 100.0% 100.0 2010 $2.84 182.1% 182.1arrow_forwardCOURSE CREDIT HOURS GRADE POINTS EARNED BIO-168 5 C 10 ENG-114 3 B 9 BAD-101 4 F 0 MAT-110 3 A 12 PED-129 1 A 4 Calculate the GPA by dividing the total grade points by the total credit hours. Round to two decimal places. The semester GPA is _______arrow_forward2. Adrian and Casey want to know how much recyclable trash their apartment building generates on a monthly average in order to figure out if they recycle enough or produce too much recycling.arrow_forward
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