If Autumn 2013 Sales Were $20 500 and the Summer

question 127

Multiple Choice

If autumn 2013 sales were $20 500 and the summer seasonal index was 1.17, then the deseasonalised 2010 autumn sales value would be:

• A)$19 422.
• B)$13 675.
• C)$14 188.
• D)$18 720.

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Definitions:

Expected

A term used to describe anticipated outcomes or values in statistical analysis, based on theoretical probability or previous data trends.

Chi-square Statistic

A measure used in statistics to assess how expectations compare to actual observed data, especially in categorical data analysis.

Significance Level

The probability threshold below which the null hypothesis is rejected, often denoted by alpha.