Starting faculty salaries (nine-month basis) for assistant professors of business administration at a major Midwestern university follow. Use the CPI to deflate the salary data to constant dollars. Comment on the trend in salaries in higher education as indicated by these data.
Answer to relevant QuestionsThe five-year historical prices per share for a particular stock and the Consumer Price Index with a 1982-1984 base period follow. Deflate the stock price series and comment on the investment aspects of this stock. Price relatives for three items, along with base-period prices and usage are shown in the following table. Compute a weighted aggregate price index for the current period. The weekly demand (in cases) for a particular brand of automatic dishwasher detergent for a chain of grocery stores located in Columbus, Ohio, follows. a. Construct a time series plot. What type of pattern exists in the ...A sample of 10 men was used in a study to test the effects of a relaxant on the time required to fall asleep. Data for 10 subjects showing the number of minutes required to fall asleep with and without the relaxant follow. ...Unisys maintains a hurricane database which provides information on hurricanes in the Atlantic/ Caribbean/Gulf of Mexico and the Eastern Pacific Ocean. Maximum wind speeds in knots for a sample of hurricanes over the past ...
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