STATISTICAL TECH IN BUSN CONNECT <LCPO>
18th Edition
ISBN: 9781266505942
Author: Lind
Publisher: MCG
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Question
Chapter 18, Problem 1E
To determine
To draw: The graphs showing a stationary trend, a positive trend, and a negative trend. And label them.
Expert Solution & Answer
Explanation of Solution
Trend analysis is an important component or technique of Time Series, which uses past data to predict the future. It indicates the change in a variable over a given time period. It may be stationary, positive, or negative.
A positive trend is one in which a rise in one set of data results in an increase in the other set. And a negative trend is one in which a rise in one set of data results in a decrease in the other set. On the other hand, if one set of data rises but the other does not appear to rise or fall, a trend is not there.
Graph:
The graph representing the stationary trend is:
The graph representing a positive or upward trend is:
The graph representing a negative or downward trend is:
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The data needed to answer this question is given in the following link (file is on view only so if you would like to make a copy to make it easier for yourself feel free to do so)
https://docs.google.com/spreadsheets/d/1aV5rsxdNjHnkeTkm5VqHzBXZgW-Ptbs3vqwk0SYiQPo/edit?usp=sharing
The following relates to Problems 4 and 5.
Christchurch, New Zealand experienced a major earthquake on February 22, 2011. It destroyed 100,000
homes. Data were collected on a sample of 300 damaged homes. These data are saved in the file called
CIEG315 Homework 4 data.xlsx, which is available on Canvas under Files. A subset of the data is
shown in the accompanying table. Two of the variables are qualitative in nature: Wall construction and
roof construction. Two of the variables are quantitative: (1) Peak ground acceleration (PGA), a measure
of the intensity of ground shaking that the home experienced in the earthquake (in units of acceleration of
gravity, g); (2) Damage, which indicates the amount of damage experienced in the earthquake in New
Zealand dollars; and (3) Building value, the pre-earthquake value of the home in New Zealand dollars.
PGA (g) Damage (NZ$) Building Value (NZ$) Wall Construction Roof Construction
Property ID
1
0.645
2
0.101
141,416
2,826
253,000
B
305,000
B
T
3…
Rose Par posted Apr 5, 2025 9:01 PM
Subscribe
To: Store Owner
From: Rose Par, Manager
Subject: Decision About Selling Custom Flower Bouquets
Date: April 5, 2025
Our shop, which prides itself on selling handmade gifts and cultural items, has
recently received inquiries from customers about the availability of fresh flower
bouquets for special occasions. This has prompted me to consider whether we
should introduce custom flower bouquets in our shop. We need to decide
whether to start offering this new product. There are three options: provide a
complete selection of custom bouquets for events like birthdays and
anniversaries, start small with just a few ready-made flower arrangements, or do
not add flowers.
There are also three possible outcomes. First, we might see high demand, and the
bouquets could sell quickly. Second, we might have medium demand, with a few
sold each week. Third, there might be low demand, and the flowers may not sell
well, possibly going to waste. These outcomes…
Chapter 18 Solutions
STATISTICAL TECH IN BUSN CONNECT <LCPO>
Ch. 18 - Prob. 1ECh. 18 - Prob. 2ECh. 18 - Prob. 3ECh. 18 - Prob. 4ECh. 18 - Prob. 1SRCh. 18 - Prob. 5ECh. 18 - Prob. 6ECh. 18 - Prob. 7ECh. 18 - Prob. 8ECh. 18 - Prob. 2SR
Ch. 18 - Prob. 9ECh. 18 - Prob. 10ECh. 18 - Prob. 11ECh. 18 - Prob. 12ECh. 18 - Prob. 3SRCh. 18 - Prob. 13ECh. 18 - Prob. 14ECh. 18 - Prob. 15ECh. 18 - Prob. 16ECh. 18 - Prob. 17ECh. 18 - Prob. 18ECh. 18 - Prob. 4SRCh. 18 - Prob. 19ECh. 18 - Prob. 20ECh. 18 - Prob. 21ECh. 18 - Prob. 22ECh. 18 - Prob. 23CECh. 18 - Prob. 24CECh. 18 - Prob. 25CECh. 18 - Prob. 26CECh. 18 - Prob. 27CECh. 18 - Prob. 28CECh. 18 - Prob. 29CECh. 18 - Prob. 30CECh. 18 - Prob. 31CECh. 18 - Prob. 32CECh. 18 - Prob. 33CECh. 18 - Prob. 34CECh. 18 - Prob. 35CECh. 18 - Prob. 1PCh. 18 - Prob. 2PCh. 18 - Prob. 3PCh. 18 - Prob. 1.1PTCh. 18 - Prob. 1.2PTCh. 18 - Prob. 1.3PTCh. 18 - Prob. 1.4PTCh. 18 - Prob. 1.5PTCh. 18 - Prob. 1.6PTCh. 18 - Prob. 1.7PTCh. 18 - Prob. 1.8PTCh. 18 - Prob. 1.9PTCh. 18 - Prob. 1.10PTCh. 18 - Prob. 2.1PTCh. 18 - Prob. 2.2PTCh. 18 - Prob. 2.3PT
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