Statistics for Business & Economics
12th Edition
ISBN: 9781285528830
Author: David R. Anderson
Publisher: Cengage Learning US
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Chapter 20.5, Problem 13E
To determine
Find the deflated revenue and comment on the company’s revenue in deflated dollars.
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Please answer b & c
Year
Annual CPI
2010
218.056
2000
172.200
1990
130.700
1980
82.400
Jennifer Marlowe was making $43,276 in 1980. Use the CPI table to determine what her salary
would be in 2010, if it kept up with inflation since 1980.
Round answer to the nearest dollar, do not include $ in your answer.
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Chapter 20 Solutions
Statistics for Business & Economics
Ch. 20.2 - The following table reports prices and usage...Ch. 20.2 - An item with a price relative of 132 cost 10.75 in...Ch. 20.2 - A large manufacturer purchases an identical...Ch. 20.2 - Prob. 4ECh. 20.2 - Under the last-in, first-out (LIFO) inventory...Ch. 20.3 - Price relatives for three items, along with...Ch. 20.3 - The Mitchell Chemical Company produces a special...Ch. 20.3 - Prob. 8ECh. 20.3 - Compute the price relatives for the RB Beverages...Ch. 20.5 - Registered nurses in 2007 made an average hourly...
Ch. 20.5 - The average hourly wage rate for construction...Ch. 20.5 - Shipments of product from manufacturer to the...Ch. 20.5 - Prob. 13ECh. 20.7 - Prob. 14ECh. 20.7 - Prob. 15ECh. 20.7 - An automobile dealer reports the 1994 and 2011...Ch. 20 - Many factors influence the retail price of...Ch. 20 - Prob. 18SECh. 20 - Prob. 19SECh. 20 - Boran Stockbrokers, Inc., selects four stocks for...Ch. 20 - Compute the price relatives for the four stocks...Ch. 20 - Prob. 22SECh. 20 - Seafood price and quantity data are reported by...Ch. 20 - Prob. 24SECh. 20 - The closing price of Apple stock, adjusted for...Ch. 20 - Prob. 26SE
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- A 1 Year 2 2010 3 2011 4 2012 5 2013 6 2014 7 2015 8 2016 9 2017 10 2018 11 2019 12 17 B Price 220100 226300 242700 261900 283100 303300 310100 326100 335200 318600 с CPI 218.06 224.94 229.59 232.96 236.74 237.02 240.01 245.12 251.11 255.66 Darrow_forwardAnswer the following questions regarding the population of Hamilton County in 2016. a. If you predict the population of Hamilton County in 2016, should you use the average growth rate of 2000-2009 or the average growth rate of 2009-2015? Explain your choice in a complete sentence. b. Predict the population of Hamilton Country in 2016. Show your work. Express your answer in “thousand people” rounded to the nearest whole number.arrow_forwardFill in the missing information in the following table. Assume that Portfolio AB is 50 percent invested in Stock A. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Annual Returns on Stocks A and B Year Stock A Stock B Portfolio AB 2015 11.5 % 21.5 % % 2016 36.8 % -37.7 % % 2017 -20.6 % 47.7 % % 2018 25.9 % 16.1 % % 2019 13.2 % 24.3 % % Average return 13.36 % % % Standard deviation % % %arrow_forward
- Year CPI 2009 214.5 2010 218.1 2011 224.9 2012 229.6 2013 233.0 2014 236.7 2015 237.0 2016 240.0 A pair of jeans cost $64.99 in 2010. What is the price of the jeans in 2014 dollars? (round to the nearest cent/hundredth) My electric bill was $181/month in 2016. What is the cost of my electric bill in 2009 dollars? (round to the nearest cent/hundredth) $4arrow_forwardCalculate the average inventory (in $) and inventory turnover ratio for the given company. (Round the inventory turnover ratio to one decimal place.) Company BeginningInventory EndingInventory AverageInventory Cost ofGoods Sold InventoryTurnover a hardware store $315,220 $300,070 $ $4,856,470arrow_forwardUse the below table to calculate the amount of federal income tax that Ken should report if he earned a faxable income of $54,187 in 2020? Federal Tax Rates for 2020 13% on the first $42,854 of taxable income, plus 17.5% on the next $45,872 of taxable income, plus 25% on the next $49,465 of taxable income, plus 28% on any further taxable income Income tax = $ %Darrow_forward
- Calculate the amount of working capital (in $) and the current ratio for the given company. Round ratios to the nearest hundredth. Company CurrentAssets CurrentLiabilities WorkingCapital CurrentRatio a florist shop $3,200 $1,250 $ :1arrow_forwardUse the table to express the 2006 fatality rate in deaths per 100 million vehicle-miles traveled. Year Population (millions) Traffic fatalities Licensed drivers(millions) Vehicle miles(trillions) 1984 247 47,711 162 1.8 1991 288 42,093 183 2.6 2006 298 47,481 195 3.3 The 2006 fatality rate is____deaths per 100 million vehicle-miles.arrow_forwardThe creator of a new online multiplayer survival game has been tracking the monthly downloads of the game. The following table shows the monthly downloads (in thousands) for each month of the current and previous year. Click on the datafile logo to reference the data. The datafile logo. Month Downloads Month Downloads (previous year) (thousands) (current year) (thousands) February 33.0 January 31.0 March 34.0 February 32.0 April 34.0 March 33.0 May 31.0 April 34.0 June 32.0 May 33.0 July 33.0 June 32.0 August 35.0 July 35.0 September 36.0 August 33.0 October 37.0 September 33.0 November 34.0 October 31.0 December 35.0 a. Compute the mean, median, and mode for number of downloads in the previous year. Mean (to 3 decimals) thousand Median (to 2 decimal) thousand Mode (to 2 decimal) thousand b. Compute the mean, median, and mode for number of downloads in the current year. Mean (to 3 decimals) thousand Median (to 2…arrow_forward
- The following data report total, monthly U.S. gasoline sales in millions of dollars from January 2017 toDecember 2018. (To find the data, go to the site https://www.census.gov/retail/index.html#mrts, find“Monthly Retail Trade Report,” then select “Time Series/Trend Charts.”)Year Month Sales ($ millions)2017 Jan $35,6302017 Feb 33,9722017 Mar 38,6222017 Apr 38,9732017 May 40,7392017 Jun 40,0092017 Jul 39,7972017 Aug 41,2172017 Sep 41,3462017 Oct 41,7172017 Nov 40,1862017 Dec 40,0462018 Jan 39,2232018 Feb 37,3772018 Mar 42,6482018 Apr 43,1092018 May 48,0492018 Jun 47,5462018 Jul…arrow_forwardThe Trade Union Association of Orlando, Florida, maintains indexes on the hourly wages for a number of the trades. Unfortunately, the indexes do not all have the same base periods. Listed is information on plumbers and electricians. Shift the base periods to 2010 and compare the hourly wage increases for the period from 2010 to 2018. (Round your answers to 1 decimal place.) Year Plumbers (2005 = 100) Electricians (2008 = 100) 2010 122.7 131.6 2018 151.0 158.0 Plumber= Electrician= Plumbers' wages have increased percent, whereas electrician has increased Percent.arrow_forwardPiedmont Park certainly notices that its attendance is seasonal. They've collected data for the last three years (attendance in thousands) with the data shown below. What would be the forecast for Winter 2024 (to two decimal places) before adjusting for seasonality? Quarter 2021 2022 2023 Winter 100 102 106 Spring 160 170 180 Summer 250 280 260 Fall 180 190 192 Selected Answer: 102.67arrow_forward
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