The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995.Year Retail Sales085.8513108.4266141.7819169.25612202.29715222.266Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data isF(t) 9.44t+84.182.220-210200190-180-170160-150-140-130-120110-10090-12804Use the above scatter plot to decide whether the linear model fits the data well.The function is a good model for the data.The function is not a good model for the dataEstimate the retails sales in the U. S. in 2011.billions of dollars.Use the model to predict the year in which retails sales will be $248 billion.

Step 1: Step 2: Step 3: Step 4:

Answered: The following table shows retail sales…

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter3: Data Visualization

Section: Chapter Questions

Problem 2P: The following table shows an example of gross domestic product values for five countries from 2005...

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Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year $ 802,213 393,339 Prior Year $ 453,350 134,505 Cost of goods sold QS 13-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: 1 1 1 Denominator: = = = Trend Percent 0% 0 %
Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) ($ thousands) CurrentYear PriorYear Net sales $ 453,100 $ 230,000 Cost of goods sold 222,019 68,080 Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend Percent Current Year: / = % Prior Year: / = %
Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year a base year. (Enter the answers in thousands of dollars.) Current Prior ($ thousands) Year Year $1,155,080 $431,000 565,989 Net sales Cost of goods sold 127,576 Trend Percent for Net Sales: Choose Numerator: IChoose Denominator: Trend Percent %3D Current Year: %3D Prior Year: % %D
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Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Year as the base year Enter the answers thousands of dollars.
! Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year $ 803,470 394,775 Prior Year $ 455,095 135,878 Cost of goods sold QS 17-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: 1 1 1 1 Denominator: = = = Trend Percent 0 % 0 %
1. If year one equals P800,000, year two equals P840,000, and year three equals P896,000, the percentage to be assigned for year three in a trend analysis, assuming that year 1 is the base year, is? 2. Astrazenica Pharmacy had net credit sales of P6,000,000 and cost of goods sold of P2,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were P350,000 and P250,000, respectively. The accounts receivable turnover ratio was? 3. Angel Department Store had net credit sales of P12,000,000 and cost of goods sold of P8,000,000 for the year. The average inventory for the year amounted to P1,600,000. The inventory turnover ratio for the year is?
The trend of a company's sales in units have been found to be represented by Y= 2.4X +300, where Y= sales units, X= accounting period reference. In accounting period 25, the seasonal variation will have an index of 106. The expected sales for period 25, to the nearest unit, are: O A. GHS 360 ОВ. 364 Ос. 378 OD. 382
If Year 1 cost of goods sold equals $760, Year 2 cost of goods sold equals $820, and Year 3 cost of goods sold equals $580, the percentage to be assigned for Year 1 in a trend analysis, assuming that Year 1 is the base year, is
A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is 9 = 81 + 4x. Years of Annual Sales Salesperson Experience ($1,000s) 1 1 80 2 3 97 3 4 102 4 102 5 6 103 6 8 101 7 10 119 B 10 123 9 11 127 10 (a) Compute SST, SSR, and SSE. SST= SSR= 13 136 SSE= (b) Compute the coefficient of determination (Round your answer to three decimal places.) P = Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line. The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line. The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line. O The least squares line…
Q. Using 2008 as the base year, prepare a trend analysis of the following data, and tell whether the situation shown by the trends is favorable or unfavorable. (Round your answers to one decimal place.). 2012 2011 2010 2009 2008 Net sales $25,520 $23,980 $24,200 $22,880 $22,000 Cost of goods sold 17,220 15,400 15,540 14,700 14,000 General and administrative expenses 5,280 5,184 5,088 4,896 4,800 Operating income 3,020 3,396 3,572 3,284 3,200
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