Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 17, Problem 26CE
To determine

To calculate: The simple index for the number of workers by using 2013-14 as base and to conclude about the change in the number of workers over the period.

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The percentage of employees who cease their employment during a year is referred to as employee turnover, and it is a serious issue for businesses. The following table shows the cost, in millions of dollars, to a certain company for a given employee turnover percentage in a year.
2.62 For the period 2001–2008, the Bristol-Myers Squibb Company, Inc. reported the following amounts (in billions of dollars) for (1) net sales and (2) advertising and product promotion. The data are also in the file XR02062.   Source: Bristol-Myers Squibb Company, Annual Reports, 2005, 2008.   Year         Net Sales           Advertising/Promotion 2001       $16.612                     $1.201 2002       16.208                     1.143 2003       18.653                     1.416 2004       19.380                     1.411 2005       19.207                     1.476 2006       16.208                     1.304 2007       18.193                     1.415 2008        20.597                    1.550   For these data, construct a line graph that shows both net sales and expenditures for advertising/product promotion over time. Some would suggest that increases in advertising should be accompanied by increases in sales. Does your line graph support this?
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