STAT TECH IN BUSINESS & ECON AC
STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
Question
Book Icon
Chapter 17, Problem 26CE
To determine

To calculate: The simple index for the number of workers by using 2013-14 as base and to conclude about the change in the number of workers over the period.

Blurred answer
Students have asked these similar questions
The following information is from General Electric Corporation's annual reports.   Compute a simple index for the number of employees for GE using the period 2013 as the base. (Round your answers to 1 decimal place.)The index (2013 = 100) for selected years is:   What can you conclude about the change in the number of employees over the period? (Round your answer to 1 decimal place.)
The following graph shows the annual number of car accidents in California. Which of the following statements about the annual number of car accidents is an accurate conclusion? Yearly Car Accidents 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 2000 2005 Year 1985 1990 1995 2010 2015 2020 e 2018 Glynlyon, Inc. O There is a greater decrease in the annual number of car accidents from 1994 to 1995 than from 1997 to 1998. O There is a smaller decrease in the annual number of car accidents from 1999 to 2000 than from 1997 to 1998. O There is a smaller increase in the annualnumber of car accidents from 1995 to 1996 than from 1998 to 1999. O There is a greater increase in the annual number of car accidents from 1993 to 1994 than from 1996 to 1997. Car Accidents
John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Intermediate Algebra
Algebra
ISBN:9780998625720
Author:Lynn Marecek
Publisher:OpenStax College
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781337278461
Author:Ron Larson
Publisher:Cengage Learning
Text book image
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL