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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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
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?
The annual revenue of Amazon is given in the table below (sourceLinks to an external site.).
Year
Amazon Annual Revenue(Billions of US dollars)
2020
386.064
2019
280.522
2018
232.887
2017
177.866
2016
135.987
2015
107.006
2014
88.988
2013
74.452
2012
61.093
2011
48.077
2010
34.204
In what year will the estimated revenue of Amazon be 1,357 billion US dollars? Note: I am asking for the year, not the number of years since 2010. This may happen between two years. Round to the nearest year.
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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- The rent for tenants in a building in 1940 was $30 per month. The landlord changes the rent based on the CPI-U. Use the CPI-U chart below to calculate the current rent in 2019. Round to the nearest dollar. Year CPI-U 1940 14.0 1949 23.8 1983 99.6 2000 172.2 2005 195.3 2009 214.5 2014 236.0 2017 245.1 2019 255.7 2020 258.8arrow_forwardThe table gives the yearly sales, S, of a retail store in years.arrow_forwardIn the last three years, there have been changes of 55%, 3% and 2% in the production amount of a good, respectively. What is the geometric mean of the annual rate of change?arrow_forward
- e table below shows the life expectancy for an individu rs. ear of Birth Life Expectancy 930 59.7 940 62.9 950 70.2 965 69 7arrow_forwardWhat do the Forecast for each year add up to?arrow_forwardSuppose you needed $25,000 to maintain a particular standard of living in 1979. How much would you have needed in 2004 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI. How much would you have needed? (Round to the nearest dollar.) Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI Year CPI Year CPI 1973 44.4 1984 103.9 1995 152.4 1974 49.3 1985 107.6 1996 156.9 1975 53.8 1986 109.6 1997 160.5 1976 56.9 1987 113.6 1998 163.0 1977 60.6 1988 118.3 1999 166.6 1978 65.2 1979 72.6 1989 124.0 2000 172.2 1990 130.7 2001 177.1 1980 82.4 1991 136.2 2002 179.9 1981 90.9 1992 140.3 2003 184.0 1982 96.5 1993 144.5 2004 188.9 1983 99.6 1994 148.2 2005 195.3arrow_forward
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