Statistics for Business and Economics
Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
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Chapter 1.4, Problem 29E
To determine

Graph of the earnings per share of the corporation over a period of 28 years.

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The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below.  Sales data are often reported in this way to compare current sales to last year’s sales.     Year-to-Date Sales   Manufacturer Through October 2015   Through October 2014   General Motors Corp. 2,562,840   2,434,707   Ford Motor Company 2,178,587   2,065,612   Toyota Motor Sales USA Inc. 2,071,446   1,975,368   Chrysler 1,814,268   1,687,313   American Honda Motor Co Inc. 1,320,217   1,281,777   Nissan North America Inc. 1,238,535   1,166,389   Hyundai Motor America 638,195   607,539   Kia Motors America Inc. 526,024   489,711   Subaru of America Inc. 480,331   418,497   Volkswagen of America Inc. 294,602   301,187   Mercedes-Benz 301,915   281,728   BMW of North America Inc.…
Fill out the tabe using the formulas for each (AFC, AVC, ATC, MC) and plot each on the graph.
QI: A college student has purchased some shares in a company so that the profits are according to the year as in the following table; Year 1997 1999 2001 2002 Profits 43 65 159 248 Use third order Lagrange interpolation to calculate the profit in the year 2000.
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