Instruction 14-9
the Number of Cases of Merlot Wine Sold

question 36

Short Answer

Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
$$\begin{array} { c c } \text { Year }& \text { Cases of Wine } \\2003 & 270 \\2004& 356 \\2005 & 398 \\ 2006& 456 \\2007 & 358 \\2008 & 500 \\ 2009& 410 \\2010&376\\\end{array}$$
-Referring to Instruction 14-9,a centred 5-year moving average is to be constructed for the wine sales.The moving average for 2008 is ________.

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Definitions:

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Absolute

A term indicating complete or total, often used to signify purity, unconditioned reality, or an unchangeable fact.

Competitive

Describes a situation where businesses or individuals contest against each other to achieve leadership, market share, or win over customers.