The Table Below Shows the Number of Licensed Hotels with at Least

question 29

Essay

The table below shows the number of licensed hotels with at least 15 rooms in New South Wales from March 1998 to December 2009. $\quad$
$\begin{array}{ll}\text { Mar-1998 } & 175 \\\text { Jun-1998 } & 174 \\\text { Sep-1998 } & 174 \\\text { Dec-1998 } & 172 \\\text { Mar-1999 } & 177 \\\text { Jun-1999 } & 171 \\\text { Sep-1999 } & 176 \\\text { Dec-1999 } & 179 \\\text { Mar-2000 } & 181\\\text { Jun-2000 } & 184 \\\text { Sep-2000 } & 191 \\\text { Dec-2000 } & 194 \\\text { Mar-2001 } & 198 \\\text { Jun-2001 } & 198 \\\text { Sep-2001 } & 199 \\\text { Dec-2001 } & 201 \\\text { Mar-2002 } & 198 \\\text { Jun-2002 } & 196 \\\text { Sep-2002 } & 195 \\\text { Dec-2002 } & 198 \\\text { Mar-2003 } & 199 \\\text { Jun-2003 } & 202 \\\text { Sep-2003 } & 201 \\\text { Dec-2003 } & 201\\\text { Mar-2004 } & 199 \\\text { Jun-2004 } & 199 \\\text { Sep-2004 } & 198 \\\text { Dec-2004 } & 197 \\\text { Mar-2005 } & 199 \\\text { Jun-2005 } & 199 \\\text { Sep-2005 } & 198 \\\text { Dec-2005 } & 199 \\\text { Mar-2006 } & 202 \\\text { Jun-2006 } & 205 \\\text { Sep-2006 } & 203 \\\text { Dec-2006 } & 201\\\text { Mar-2007 } & 202 \\\text { Jun-2007 } & 200 \\\text { Sep-2007 } & 202 \\\text { Dec-2007 } & 202 \\\text { Mar-2008 } & 201 \\\text { Jun-2008 } & 203 \\\text { Sep-2008 } & 204 \\\text { Dec-2008 } & 203 \\\text { Mar-2009 } & 203 \\\text { Jun-2009 } & 206 \\\text { Sep-2009 } & 203 \\\text { Dec-2009 } & 210\end{array}$ a. Plot the time series.
b. When did the number of licensed hotels with at least 15 rooms in New South Wales grow fastest?

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Definitions:

Efficiently

The method of achieving a goal or completing a task with the least waste of time and effort.

Assets

Economic resources owned by a business or individual that have value and can be used to meet debts, commitments, or legacies.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage by comparing total liabilities to total assets.

Borrowed Funds

Money obtained through loans or credit arrangements, which is expected to be repaid with interest.