Basic Business Statistics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780321946393
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 3, Problem 21PS
a.
To determine
Find the geometric rate of return per year for three market indices from 2009 to 2012.
b.
To determine
Conclude based on the geometric mean rates of return per year of the three market indices.
c.
To determine
Compare the results obtained above with those obtained in 3.22 (b).
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A Paasche price index for each year.
At the end of 2015, the US Bureau of Economics Analysis posted the following data on the U.S disposable personal income by month for the 11 months of the year as indicated in this table
A stock has monthly returns of 9%, 22%, 15%, and 28%. What is the stock's geometric average
return?
Chapter 3 Solutions
Basic Business Statistics, Student Value Edition (13th Edition)
Ch. 3 - The following set of data is from sample of n=5:...Ch. 3 - The following set of data is from sample of n=6:...Ch. 3 - The following set of data is from sample of n=7:...Ch. 3 - The following set of data is from sample of n=5:...Ch. 3 - Suppose that the rate of return for a particular...Ch. 3 - Suppose that the rate of return for a particular...Ch. 3 - Prob. 7PSCh. 3 - The operation manager of a plant that manufactures...Ch. 3 - Prob. 9PSCh. 3 - The file FastFood contains the amount that a...
Ch. 3 - The file Sedans contains the overall miles per...Ch. 3 - The file SUV contains the overall miles per gallon...Ch. 3 - Prob. 13PSCh. 3 - Prob. 14PSCh. 3 - Is there a difference in the variation of the...Ch. 3 - Prob. 16PSCh. 3 - A bank branch located in a commercial district of...Ch. 3 - Suppose that another bank branch, location in a...Ch. 3 - Prob. 19PSCh. 3 - Prob. 20PSCh. 3 - Prob. 21PSCh. 3 - In 2009 through 2012, the value of precious metals...Ch. 3 - Prob. 23PSCh. 3 - Using the one-year return percentage variable in...Ch. 3 - Prob. 25PSCh. 3 - Prob. 26PSCh. 3 - The following is a set of data from a sample of...Ch. 3 - The following is a set of data from a sample of...Ch. 3 - The following is a set of data from a sample of...Ch. 3 - The following is a set of data from a sample of...Ch. 3 - Prob. 31PSCh. 3 - Prob. 32PSCh. 3 - The file HotelAway contains the average room price...Ch. 3 - Prob. 34PSCh. 3 - Prob. 35PSCh. 3 - A bark branch located in a commercial district of...Ch. 3 - The following is a set of data for a population...Ch. 3 - The following is a set of data for a population...Ch. 3 - Prob. 39PSCh. 3 - Consider a population of 1.024 mutual funds that...Ch. 3 - Prob. 41PSCh. 3 - Prob. 42PSCh. 3 - Thirty companies comprise the DJIA Just how big...Ch. 3 - The following is a set of data from sample of n=11...Ch. 3 - Prob. 45PSCh. 3 - Prob. 46PSCh. 3 - Movie companies need to predict the gross receipts...Ch. 3 - College football is big business, with coaches’...Ch. 3 - A Pew Research Center survey found a noticeable...Ch. 3 - What are the properties of a set of numerical...Ch. 3 - What is meant by the property of central tendency?Ch. 3 - What are the differences among the mean, median,...Ch. 3 - How do you interpret the first quartile, median,...Ch. 3 - What is meant by the property of variation?Ch. 3 - What does the Z score measure?Ch. 3 - What are the differences among the various...Ch. 3 - How does the empirical rule help explain the ways...Ch. 3 - How do the empirical rule and the Chebyshev rule...Ch. 3 - What is meant by the property of shape?Ch. 3 - What is the difference between the arithmetic mean...Ch. 3 - What is the difference between skewness and...Ch. 3 - How do the covariance and the coefficient of...Ch. 3 - The American Society for Quality (ASQ) conducted a...Ch. 3 - Prob. 64PSCh. 3 - One of the 111801 measures of the quality of...Ch. 3 - Prob. 66PSCh. 3 - Prob. 67PSCh. 3 - Prob. 68PSCh. 3 - A quality characteristic of interest for a...Ch. 3 - The manufacturer of Boston and Vermont asphalt...Ch. 3 - Prob. 71PSCh. 3 - The file Protein contains calories. protein. and...Ch. 3 - The file HotelPrices contains the prices in...Ch. 3 - Prob. 74PSCh. 3 - The file CEO-includes the total compensation...Ch. 3 - Prob. 76PSCh. 3 - Prob. 77PSCh. 3 - Prob. 78PSCh. 3 - You are planning to study for your statistics...Ch. 3 - The file DomesticBeer contains the percentage...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Find the mean hourly cost when the cell phone described above is used for 240 minutes.arrow_forwardJohn 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.)arrow_forwardA Laspeyres price index for each year?arrow_forward
- Find out the next month after april income by using the forecasting method of the moving average methodarrow_forwardMaximizing the profit of timber harvesting involves considering all of the following except: A. the interest rate B. the total costs of harvesting C. the ecological value of forest diversity D.the mean annual incrementarrow_forwardJOYFUL Fashion Company is reviewing the monthly sales in year 2021.The monthly sales (in millions) of each month were as below: Jan: $2.2 Feb: $2.5 Mar: $2.0 Apr: $2.8 May: $1.9 Jun: $0.9 Jul: $3.4 Aug: $3.7 Sep: $2.1 Oct: $2.5 Nov: $2.3 Dec: $4.6| The JOYFUL Fashion Company will issue a Gold Membership to customers with accumulated spending in January 2022 over 1% of 2021's average monthly sales and a Platinum Membership to customers with accumulated spending in January 2022 over 1% of the 80th percentile of 2021's monthly sales. (c) Mrs. Robinson has spent $27,450 in January 2022. Will she be qualified for the Gold Membership? Will she be qualified for the Platinum Membership? Explain your answers. (d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the average monthly sales from July 2020 to Dec 2021. (e) Are the JOYFUL Fashion Company sales increasing / decreasing? Explain your answer by comparing the half-yearly average monthly sales.…arrow_forward
- Suppose the rate of return for a particular stock during the past two years was 10% and - 45%. Compute the geometric mean rate of return. The geometric mean rate of return is %. (Round to one decimal place as needed.)arrow_forwardAnnualized percentage return on investment (as compared to the Standard & Poor's 500 Index) for 10 randomly selected stock screeners are reproduced in the table. Complete parts a through c.arrow_forwardIn 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?arrow_forward
- If an asset declines in value from $5000 to $3500 over nine years, what is the mean annual growth rate in the asset's value over these nine years?arrow_forwardJOYFUL Fashion Company is reviewing the monthly sales in year 2021. The monthly sales (in millions) of each month were as below: Jan: $2.2 Jul: $3.4 Feb: $2.5 Aug: $3.7 Mar: $2.0 Sep: $2.1 Apr: $2.8 Oct: $2.5 Мay: $1.9 Nov: $2.3 Jun: $0.9 Dec: $4.6 (a) Find the mean, mode, standard deviation, and range of the above data. (b) Comment on the skewness of the above data. Explain your answer with the comparison of quartiles. The JOYFUL Fashion Company will issue a Gold Membership to customers with accumulated spending in January 2022 over 1% of 2021's average monthly sales and a Platinum Membership to customers with accumulated spending in January 2022 over 1% of the 80th percentile of 2021's monthly sales. (c) Mrs. Robinson has spent $27,450 in January 2022. Will she be qualified for the Gold Membership? Will she be qualified for the Platinum Membership? Explain your answers. (d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the average…arrow_forwardSuppose that a firm's sales were $3,750,000 five years ago and are $5,250,000 today. What was the geometric mean growth rate in sales over the past five years?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
The Shape of Data: Distributions: Crash Course Statistics #7; Author: CrashCourse;https://www.youtube.com/watch?v=bPFNxD3Yg6U;License: Standard YouTube License, CC-BY
Shape, Center, and Spread - Module 20.2 (Part 1); Author: Mrmathblog;https://www.youtube.com/watch?v=COaid7O_Gag;License: Standard YouTube License, CC-BY
Shape, Center and Spread; Author: Emily Murdock;https://www.youtube.com/watch?v=_YyW0DSCzpM;License: Standard Youtube License