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TABLE 16-2 The monthly advertising expenditures of a department store chain (in $1,000,000s) were collected over the last decade. The last 14 months of this time series follows: Month Expenditures (S) 1 1.4 2 3 4 5 6 7 8 9 10 11 12 13 14 Referring to Table 16-2, set up a scatter diagram (i.e., time-series plot) with months on the horizontal X-axis. True or False: Referring to Table 16-2, advertising expenditures appear to be increasing in a linear rather than curvilinear manner over time. O True O False 1.8 1.6 1.5 1.8 1.7 1.9 2.2 1.9 1.9 2.1 2.4 2.8 3.1

TABLE 16-2 The monthly advertising expenditures of a department store chain (in $1,000,000s) were collected over the last decade. The last 14 months of this time series follows: Month Expenditures (S) 1 1.4 2 3 4 5 6 7 8 9 10 11 12 13 14 Referring to Table 16-2, set up a scatter diagram (i.e., time-series plot) with months on the horizontal X-axis. True or False: Referring to Table 16-2, advertising expenditures appear to be increasing in a linear rather than curvilinear manner over time. O True O False 1.8 1.6 1.5 1.8 1.7 1.9 2.2 1.9 1.9 2.1 2.4 2.8 3.1

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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### Table 16-2 #### Monthly Advertising Expenditures of a Department Store Chain The monthly advertising expenditures of a department store chain (in $1,000,000s) were collected over the last decade. The last 14 months of this time series are as follows: | Month | Expenditures ($) | |-------|-------------------| | 1 | 1.4 | | 2 | 1.8 | | 3 | 1.6 | | 4 | 1.5 | | 5 | 1.8 | | 6 | 1.7 | | 7 | 1.9 | | 8 | 2.2 | | 9 | 1.9 | | 10 | 1.9 | | 11 | 2.1 | | 12 | 2.4 | | 13 | 2.8 | | 14 | 3.1 | #### Instructions: 1. **Scatter Diagram:** - Set up a scatter diagram (time-series plot) with months on the horizontal X-axis and expenditures on the vertical Y-axis. 2. **True or False Question:** - **Statement:** Referring to Table 16-2, advertising expenditures appear to be increasing in a linear rather than curvilinear manner over time. - **Options:** - True - False
Transcribed Image Text:### Table 16-2 #### Monthly Advertising Expenditures of a Department Store Chain The monthly advertising expenditures of a department store chain (in $1,000,000s) were collected over the last decade. The last 14 months of this time series are as follows: | Month | Expenditures ($) | |-------|-------------------| | 1 | 1.4 | | 2 | 1.8 | | 3 | 1.6 | | 4 | 1.5 | | 5 | 1.8 | | 6 | 1.7 | | 7 | 1.9 | | 8 | 2.2 | | 9 | 1.9 | | 10 | 1.9 | | 11 | 2.1 | | 12 | 2.4 | | 13 | 2.8 | | 14 | 3.1 | #### Instructions: 1. **Scatter Diagram:** - Set up a scatter diagram (time-series plot) with months on the horizontal X-axis and expenditures on the vertical Y-axis. 2. **True or False Question:** - **Statement:** Referring to Table 16-2, advertising expenditures appear to be increasing in a linear rather than curvilinear manner over time. - **Options:** - True - False
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