Listed are the net sales for a San Franciscoarea mail-order retailer for the years 2011 to 2020.
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Listed are the net sales for a San Francisco–area mail-order retailer for the years 2011 to 2020. Use the mean sales for the earliest 3 years to determine a base and then find the index for 2019 and 2020. By how much have net sales increased from the base period?
Transcribed Image Text:
Year 2011 2012 2013 2014 2015 Sales (millions) $486.6 506.8 522.2 574.6 580.7 Year 2016 2017 2018 2019 2020 Sales (millions) $568.5 581.9 496.1 456.6 433.3
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781265779696
19th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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