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 34E
To determine
Find the geometric mean annual increase for the period for public college.
Compute the geometric mean annual increase for the period for private college.
Compare the rates of increase.
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The population of Ada County, Idaho has been steadily increasing for more than 20 years. The table below shows the population (people) from 2015 through 2019 in Ada County.
year
2015
2016
2017
2018
2019
population 432,862 444,486 456,548 468,764 481,587
a. What is the average rate of change in the population of Ada County from 2015 to 2018? Round to the nearest whole person and include units.
b. What is the average rate of change in the population of Ada County from 2016 to 2018? Round to the nearest whole person and include units.
c. What is the average rate of change in the population of Ada County from 2017 to 2018? Round to the nearest whole person and include units.
d. What is the average rate of change in the population of Ada County from 2018 to 2019? Round to the nearest whole person and include units.
e. Give a good approximation for the rate at which the population of Ada County is growing by the end of 2018? Round to the nearest whole person and include units.
Limpopo company has recorded quarterly maize sales and seasonal
ratios from 2015 to 2017 financial year. Table 1 shows quarterly maize
production sales with their seasonal ratios (SR).
Table 1: Seasonal ratios for maize production sales.
Year
2015
2016
Quarter
Sales
SR
Q₁, Q₂, Q3, Q Q₁ ₂
8, 12, 12, 10
Q₂, Q3,
10,
15, 14, 10
111.63, 87.87 83.33,122.45, 115.42, 84.18
Q4
Use Table 1 to calculate:
a) the median seasonal indices (S) and their totals (S).
b) the adjusted factor.
c) the adjusted seasonal indices (S) and their totals (S.).
Q₁
9
Q₂
14
2017
"
Q3,
Q₁
14, 12
76.60 ,116.67, 113.09, 94.12
Table 2 shows the statistics for bed count and inpatient service days that Manatee Bay Health Center reported for last year (a non-leap year). The hospital chief operations officer (COO) is meeting with the board of directors next Tuesday for a quarterly meeting. He asked you to figure the hospital's occupancy ratio for the past year. You have been given the statistics in Table 2 to calculate the annual percentage of occupancy for the past year's operations.
Table 2 – Manatee Bay Health Center Hospital Bed Count and Inpatient Service Days
Manatee Bay Health CenterHospital Bed Count and Inpatient Service Days
Time Period Bed Count Inpatient Service Days
January 1 – May 31 200…
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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