Essentials Of Statistics For Business & Economics
9th Edition
ISBN: 9780357045435
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 3.1, Problem 19E
Revenue Growth Rate. Annual revenue for Corning Supplies grew by 5.5% in 2014, 1.1% in 2015, −3.5% in 2016, −1.1% in 2017, and 1.8% in 2018. What is the mean growth annual rate over this period?
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
In a table of “Sales as a % of Moving Average” over a 5-year period the adjusted average of the four entries for Quarter I is 160 (the seasonal index for Quarter 1). Actual sales in Quarter 1 were 4000 dollars.
What is the de-seasonalized value of sales in Quarter 1? _____
U.S. Civilian Labor Force (thousands)
Year
Labor Force
Year
Labor Force
2007
153,918
2012
155,628
2008
154,655
2013
155,151
2009
153,111
2014
156,238
2010
153,650
2015
157,957
2011
153,995
2016
159,640
1. Fit three trend models: linear, exponential, and quadratic. Which model would offer the most believable forecasts?
2. Make forecasts using the following fitted trend models for years 2017-2019.
t Exponential
11
12
13
In a table of “Sales as a % of Moving Average” over a 5-year period the average of the four entries for Quarter I is 160 after adjustment (the seasonal index for Quarter 1). Actual sales in Quarter 1 were 4000 dollars.
1. What is the de-seasonalized value of sales in Quarter 1?
Chapter 3 Solutions
Essentials Of Statistics For Business & Economics
Ch. 3.1 - Consider a sample with data values of 10, 20, 12,...Ch. 3.1 - Consider a sample with data values of 10, 20, 21,...Ch. 3.1 - Consider the following data and corresponding...Ch. 3.1 - Consider the following data.
What is the mean...Ch. 3.1 - Consider a sample with data values of 27, 25, 20,...Ch. 3.1 - Consider a sample with data values of 53, 55, 70,...Ch. 3.1 - eICU Waiting Times. There is a severe shortage of...Ch. 3.1 - Middle-Level Manager Salaries. Suppose that an...Ch. 3.1 - Advertising Spending. Which companies spend the...Ch. 3.1 - Advertising Spending. Which companies spend the...
Ch. 3.1 - Time Spent Watching Traditional TV. Nielsen tracks...Ch. 3.1 - Online Multiplayer Game Downloads. The creator of...Ch. 3.1 - Automobile Fuel Efficiencies. In automobile...Ch. 3.1 - Unemployment Rates by State. The U.S. Bureau of...Ch. 3.1 - Motor Oil Prices. Martinez Auto Supplies has...Ch. 3.1 - Calculating Grade Point Averages. The grade point...Ch. 3.1 - The following table shows the total return and the...Ch. 3.1 - Business School Ranking. Based on a survey of...Ch. 3.1 - Revenue Growth Rate. Annual revenue for Corning...Ch. 3.1 - Mutual Fund Comparison. Suppose that at the...Ch. 3.1 - If an asset declines in value from $5000 to $3500...Ch. 3.1 - The current value of a company is 25 million. If...Ch. 3.2 - Consider a sample with data values of 10, 20, 12,...Ch. 3.2 - Consider a sample with data values of 10, 20, 12,...Ch. 3.2 - Consider a sample with data values of 27, 25, 20,...Ch. 3.2 - Price of Unleaded Gasoline. Data collected by the...Ch. 3.2 - Round-Trip Flight Prices. The following table...Ch. 3.2 - Annual Sales Amounts. Varatta Enterprises sells...Ch. 3.2 - Air Quality Index. The Los Angeles Times regularly...Ch. 3.2 - Prob. 30ECh. 3.2 - Cellular Phone Spending. According to the 2016...Ch. 3.2 - Advertising Spend by Companies. Advertising Age...Ch. 3.2 - Amateur Golfer Scores. Scores turned in by an...Ch. 3.2 - Consistency of Running Times. The following times...Ch. 3.3 - Consider a sample with data values of 10, 20, 12,...Ch. 3.3 - Prob. 36ECh. 3.3 - Consider a sample with a mean of 30 and a standard...Ch. 3.3 - Suppose the data have a bell-shaped distribution...Ch. 3.3 - The results of a national survey showed that on...Ch. 3.3 - Price per Gallon of Gasoline. Suppose that the...Ch. 3.3 - GMAT Exam Scores. The Graduate Management...Ch. 3.3 - Many families in California are using backyard...Ch. 3.3 - Best Places to Live. Each year Money magazine...Ch. 3.3 - NCAA Basketball Game Scores. A sample of 10 NCAA...Ch. 3.3 - Prob. 45ECh. 3.4 - Consider a sample with data values of 27, 25, 20,...Ch. 3.4 - Show the boxplot for the data in exercise 46. 46....Ch. 3.4 - Prob. 48ECh. 3.4 - Prob. 49ECh. 3.4 - Naples Half-Marathon Times. Naples, Florida, hosts...Ch. 3.4 - Pharmaceutical Company Sales. Annual sales, in...Ch. 3.4 - Cell Phone Companies Customer Satisfaction....Ch. 3.4 - Most Admired Companies. Fortune magazines list of...Ch. 3.4 - U.S. Border Crossings. The Bureau of...Ch. 3.5 - Five observations taken for two variables follow....Ch. 3.5 - Five observations taken for two variables follow....Ch. 3.5 - Stock Price Comparison. The file StockComparison...Ch. 3.5 - Driving Speed and Fuel Efficiency. A department of...Ch. 3.5 - Smoke Detector Use and Death Rates. Over the past...Ch. 3.5 - Stock Market Indexes Comparison. The Russell 1000...Ch. 3.5 - Best Private Colleges. A random sample of 30...Ch. 3 - Americans Dining Out. Americans tend to dine out...Ch. 3 - NCAA Football Coaches Salaries. A 2017 USA Today...Ch. 3 - Physician Office Waiting Times. The average...Ch. 3 - Worker Productivity and Insomnia. U.S. companies...Ch. 3 - Work Commuting Methods. Public transportation and...Ch. 3 - Household Incomes. The following data represent a...Ch. 3 - Prob. 69SECh. 3 - Best Hotels. Travel + Leisure magazine provides an...Ch. 3 - NFL Teams Worth. In 2014, the 32 teams in the...Ch. 3 - MLB Team Winning Percentages. Does a major league...Ch. 3 - Money Market Funds Days to Maturity. The days to...Ch. 3 - Automobile Speeds. Automobiles traveling on a road...Ch. 3 - Annual Returns for Panama Railroad Company Stock....Ch. 3 - Pelican Stores, a division of National Clothing,...Ch. 3 - Prob. 2CPCh. 3 - The pursuit of a higher education degree in...Ch. 3 - Although millions of elephants once roamed across...
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 US. import of wine (in hectoliters) for several years is given in Table 5. Determine whether the trend appearslinear. Ifso, and assuming the trend continues, in what year will imports exceed 12,000 hectoliters?arrow_forwardTable 4 gives the population of a town (in thousand) from 2000 to 2008. What was the average rate of change of population (a) between 2002 and 2004, and (b) between 2002 and 2006?arrow_forwardUsing the data in Table 1 at the beginning of this section, find the average rate of change between 2005 and 2010.arrow_forward
- Table 6 shows the year and the number ofpeople unemployed in a particular city for several years. Determine whether the trend appears linear. If so, and assuming the trend continues, in what year will the number of unemployed reach 5 people?arrow_forwardEstimate the age of a newly discovered fossil for which the ratio of carbon-14 to carbon-12 is R=1/1014.arrow_forwardThe fox population in a certain region has an annualgrowth rate of 9 per year. In the year 2012, therewere 23,900 fox counted in the area. What is the foxpopulation predicted to be in the year 2020 ?arrow_forward
- Cable TV The following table shows the number C. in millions, of basic subscribers to cable TV in the indicated year These data are from the Statistical Abstract of the United States. Year 1975 1980 1985 1990 1995 2000 C 9.8 17.5 35.4 50.5 60.6 60.6 a. Use regression to find a logistic model for these data. b. By what annual percentage would you expect the number of cable subscribers to grow in the absence of limiting factors? c. The estimated number of subscribers in 2005 was 65.3million. What light does this shed on the model you found in part a?arrow_forwardThe Decibel scale Exercise S-7 through S-10 refer to the decibel scale. If one sound has a relative intensity one-tenth that of another, how do their decibel levels compare?arrow_forwardPeriod Rate of Return (%) 1 - 6.0 2 - 8.0 3 - 4.2 4 1.8 5 5.6 Given the following information, what is the mean growth rate over these five periods (to 2 decimals)? Enter negative value as negative figure.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781337278461
Author:Ron Larson
Publisher:Cengage Learning
College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY