Given the Following Data for Total Sales $$\begin{array} { l l } 2014 & \$ 100,000 \\2015 & \$ 110,000 \\2016 & \$ 115,000 \\2017 & \$ 100,000\end{array}$$

question 156

Multiple Choice

Given the following data for total sales: $$\begin{array} { l l } 2014 & \$ 100,000 \\2015 & \$ 110,000 \\2016 & \$ 115,000 \\2017 & \$ 100,000\end{array}$$ A table showing trend percentages for 2014-2017,respectively,using 2014 as the base year would show a(n) :

• A) \[\begin{array} { | l | l | l | l | }
• \hline 2014 & 2015 & 2016 & 2017 \\
• \hline 100 \% & 110 \% & 105 \% & 108 \% \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | l | l | l | }
• \hline 2014 & 2015 & 2016 & 2017 \\
• \hline 100 \% & 110 \% & 115 \% & 108 \% \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | l | l | }
• \hline 2014 & 2015 & 2016 & 2017 \\
• \hline 100 \% & 110 \% & 105 \% & 24 \% \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | l | l | l | }
• \hline 2014 & 2015 & 2016 & 2017 \\
• \hline 22 \% & 102 \% & 106 \% & 100 \% \\
• \hline
• \end{array}\]

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Definitions:

Event B

A term used in probability theory to denote a specific outcome or set of outcomes from a stochastic experiment.

0 ≤ P ≤ 1

A mathematical expression indicating that the value of P (probability) ranges from 0 to 1, inclusive.

Outcome

An outcome is the result or consequence of an action, experiment, or event, often used in the context of probabilities and statistical experiments.

Classical Approach

A methodological approach in statistics that relies on theoretical probability distributions and assumptions for hypothesis testing and estimation.