The following information is from General Electric Corporation's annual reports. General Electric Revenue Employees (thousands) ($ million) $ 113,245 117,184 117,386 123,693 122,092 Year 2013 307 2014 305 2015 333 2016 295 2017 313 2018 125,615 283 S Click here for the Excel Data File Compute a simple index for the number of employees for GE using the period 2013–14 as the base. The index (2013–2014 = 100) for selected years is: (Round your answers to 1 decimal place.) Year Simple Index 2013 2014 2015 2016 2017 2018 What can you conclude about the change in the number of employees over the period? (Round your answer to 1 decimal place.) Compared to the average of 2013 and 2014, the number of employees is 7.8 % lower.

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative p…