Statistics Through Applications
Statistics Through Applications
2nd Edition
ISBN: 9781429219747
Author: Daren S. Starnes, David Moore, Dan Yates
Publisher: Macmillan Higher Education
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Chapter 2.3, Problem 2.54E

(a)

To determine

To Explain: the graph in which shows strong seasonal variation and expect the price of fresh oranges to show seasonal variation.

(a)

Expert Solution
Check Mark

Explanation of Solution

Given:

  Statistics Through Applications, Chapter 2.3, Problem 2.54E , additional homework tip  1

From the graph, peaks on the graph which indicates the seasonal variation and expecting the seasonal variation because after summer season there would be more fresh oranges in the market so price will be cheaper when there are low amount of fresh oranges.

(b)

To determine

To Explain: the overall trend in orange prices during the periods.

(b)

Expert Solution
Check Mark

Explanation of Solution

Given:

  Statistics Through Applications, Chapter 2.3, Problem 2.54E , additional homework tip  2

From the graph, it observed that there are lots of ups and down which shows the increase of price of orange. If not considering the seasonally period the most of the trend is increase in the prices of oranges.

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