Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
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Chapter 3, Problem 28E
To determine
Find the geometric mean weekly percent increase.
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In the last three years, there have been changes of 55%, 3% and 2% in the production amount of a good, respectively. What is the geometric mean of the annual rate of change?
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Show that 25% is equivalent to 5 successive increases of 4.56% per year.
Chapter 3 Solutions
Statistical Techniques in Business and Economics
Ch. 3 - The annual incomes of a sample of...Ch. 3 - The six students in Computer Science 411 are a...Ch. 3 - Compute the mean of the following population...Ch. 3 - Compute the mean of the following population...Ch. 3 - a. Compute the mean of the following sample...Ch. 3 - a. Compute the mean of the following sample...Ch. 3 - Compute the mean of the following sample values:...Ch. 3 - Suppose you go to the grocery store and spend...Ch. 3 - For Exercises 710, (a) compute the arithmetic mean...Ch. 3 - For Exercises 710, (a) compute the arithmetic mean...
Ch. 3 - For Exercises 710, (a) compute the arithmetic mean...Ch. 3 - Prob. 10ECh. 3 - Prob. 11ECh. 3 - Prob. 12ECh. 3 - Prob. 2.1SRCh. 3 - The number of work stoppages in the automobile...Ch. 3 - Prob. 13ECh. 3 - Prob. 14ECh. 3 - Prob. 15ECh. 3 - Prob. 16ECh. 3 - Prob. 17ECh. 3 - Sally Reynolds sells real estate along the coastal...Ch. 3 - Prob. 19ECh. 3 - Prob. 20ECh. 3 - Prob. 3SRCh. 3 - Prob. 21ECh. 3 - Prob. 22ECh. 3 - Prob. 4SRCh. 3 - Prob. 23ECh. 3 - Prob. 24ECh. 3 - Prob. 25ECh. 3 - Prob. 26ECh. 3 - Prob. 5.1SRCh. 3 - Prob. 5.2SRCh. 3 - Compute the geometric mean of the following...Ch. 3 - Prob. 28ECh. 3 - Listed below is the percent increase in sales for...Ch. 3 - Prob. 30ECh. 3 - Prob. 31ECh. 3 - Prob. 32ECh. 3 - Prob. 33ECh. 3 - Prob. 34ECh. 3 - Prob. 6SRCh. 3 - Prob. 35ECh. 3 - Prob. 36ECh. 3 - Prob. 37ECh. 3 - Prob. 38ECh. 3 - Prob. 39ECh. 3 - Prob. 40ECh. 3 - Prob. 7SRCh. 3 - Prob. 41ECh. 3 - Prob. 42ECh. 3 - Prob. 43ECh. 3 - Prob. 44ECh. 3 - Plywood Inc. reported these returns on stockholder...Ch. 3 - Prob. 46ECh. 3 - Prob. 8SRCh. 3 - Prob. 47ECh. 3 - Prob. 48ECh. 3 - Prob. 49ECh. 3 - Prob. 50ECh. 3 - Prob. 51ECh. 3 - Prob. 52ECh. 3 - Prob. 9SRCh. 3 - Prob. 53ECh. 3 - The mean income of a group of sample observations...Ch. 3 - Prob. 55ECh. 3 - Prob. 56ECh. 3 - Prob. 10SRCh. 3 - Prob. 57ECh. 3 - Prob. 58ECh. 3 - Estimate the mean and the standard deviation of...Ch. 3 - Prob. 60ECh. 3 - The IRS was interested in the number of individual...Ch. 3 - Prob. 62ECh. 3 - Prob. 63CECh. 3 - Prob. 64CECh. 3 - Prob. 65CECh. 3 - Prob. 66CECh. 3 - Prob. 67CECh. 3 - Prob. 68CECh. 3 - Prob. 69CECh. 3 - Prob. 70CECh. 3 - Prob. 71CECh. 3 - Prob. 72CECh. 3 - Prob. 73CECh. 3 - A recent article suggested that, if you earn...Ch. 3 - Prob. 75CECh. 3 - Prob. 76CECh. 3 - Prob. 77CECh. 3 - Prob. 78CECh. 3 - The Apollo space program lasted from 1967 until...Ch. 3 - Prob. 80CECh. 3 - Prob. 81CECh. 3 - The Kentucky Derby is held the first Saturday in...Ch. 3 - Prob. 83CECh. 3 - Prob. 84CECh. 3 - Bidwell Electronics Inc. recently surveyed a...Ch. 3 - Refer to the Real Estate data, which reports...Ch. 3 - Refer to the Baseball 2012 data, which report...Ch. 3 - Refer to the Buena School District bus data....
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- A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables area increased when the drop leaves shaded area increased. Give the answer to the nearest whole percent.arrow_forwardIf You have this information about return of stock in 3 periods: -12%, 20% and 25%. calculate: The arithmetic average. The geometric average.arrow_forwardDoes the compounding of percents means two or more percents in succession.arrow_forward
- 4.56% represents an average increase in average price per year. a student incorrectly calculated this average using 25%/5years=5% per year. Show this answer is not correct by calculating 5 successive 5% increases. What is 5 the year percent change using the 5% per year?arrow_forwardBy what percentage did the profit made by the Derby branch increase from Year 1 to Year 3? year 1- 5.49 year 3- 5.94arrow_forwardShow how 4.56% is in fact determined for a 22% increase over 5 years and then calculate the average percent increase for the 10-year period.arrow_forward
- What is the percentage increase if the S&P 500 Index is currently trading at 1,100 and rises 55 points?arrow_forwardA five-year project requires an investment of -112 and has the following cash flows in years 1 through 5, respectively (all cash flows in dollars): 48, 88, 34, 15, and 52. Find the difference between the Cauchy upper bound and the Cauchy lower bound. Write your answer as a percentage with two decimals; e.g., 23.55% but do not write the % sign. (Acceptable error = 0.50%)arrow_forward8–33. On Black Friday, Amazon.com featured an Echo 2nd Generation for $35 normally selling for $79. Calculate the dollar markdown and the markdown percent based on the selling price to the nearest whole percent.arrow_forward
- A particular truck in a transportation fleet was driven 95,130 miles last year versus 133,182 miles this year. By what percent did the annual distance driven increase?arrow_forwardOver a period of one week, a stock index did the following: On Monday the index went up by 3.3%, on Tuesday it went up by 10.5%, on Wednesday it went down by 3.4%, on Thursday it went up by 0.6%, and on Friday it went down by 6.2%. What was the percentage increase/decrease of the index over the week?arrow_forwardIn 1965, there were 50 members in Makati business club. In 2015 there were 250 members. What was the geometric mean annual percent increase?arrow_forward
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