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1.Obtain the trend values using 3-yearly moving averages for the data.A company in foods industry has data on the number of boxes of cereal it has sold in years 1991to 1998.(4)Year1991 1992 1993 1994No. of boxes1038(in ten thousands)Year1995 1996 1997 1998No. of boxes10458(in ten thousands) |
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Answer» YEAR: 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Values: 242 250 252 249 253 255 251 257 260 265 262 To find: 3-yearly average Explanation: \displaystyle Average = \frac{Sum \ of\ terms }{\ Total \ no \ of \ terms}Average= Total no of terms Sum of terms
1) Average of years 1990, 1991, 1992: \begin{gathered}\displaystyle { a_1 = \frac{242 +250 + 252}{3} }\\\\\displaystyle a_1 = 248\end{gathered} a 1
= 3 242+250+252
a 1
=248
2) Average of years 1993, 1994,1995 : \begin{gathered}\displaystyle a_2 = \frac{249+253+255}{3} \\\\\displaystyle a_2 = 252.33\end{gathered} a 2
= 3 249+253+255
a 2
=252.33
3) Average of years 1996, 1997, 1998: \begin{gathered}\displaystyle a_3 = \frac{251+257+260}{3}\\\\ \\\displaystyle a_3 = 256\end{gathered} a 3
= 3 251+257+260
a 3
=256
4) Average of years 1999, 2000: \begin{gathered}\displaystyle a_4 = \frac{265+262}{2} \\\\\displaystyle a_4 = 263.5\end{gathered} a 4
= 2 265+262
a 4
=263.5
The above data SHOWS that the average data is increased by 3-yearly. |
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