Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(6 points) The following excerpt comes from the International Bottled Water Association. In 2012, total U.S. bottled water consumption increased to 9.67 billion gallons, up

image text in transcribed

image text in transcribed
(6 points) The following excerpt comes from the International Bottled Water Association. "In 2012, total U.S. bottled water consumption increased to 9.67 billion gallons, up from 9.1 billion gallons in 2011. In fact, 2012's consumption growth was the strongest it has been in five years. In addition, per-capita consumption is up 5.3 percent in 2012, with every person in America drinking an average of 30.8 gallons of bottled water last year. Bottled water increased in absolute volume more than any other beverage category in the U. S. Bottled water sales increased by 6.7 percent in 2012, and now total $11.8 billion." (i) Quantify the bottled water consumption increase from 2011 to 2012 in terms of absolute change. (Express your answer in billions of gallons rounded correctly to the hundredths place.) billions of gallons (ii) If bottled water sales are up by 6.7% in 2012 to a total of $11.8 billion, what were the sales in 2011? (Express your answer in billions of dollars rounded correctly to the nearest tenth.) billion (ili) Quantify the bottled water consumption increase from 2011 to 2012 in terms of relative change. (Express your answer as a percent rounded correctly to the nearest tenth of a percent ) % If you haven't answered the question correctly in 3 attempts, you can get a hint

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bond Markets Analysis and Strategies

Authors: Frank J.Fabozzi

9th edition

133796779, 978-0133796773

More Books

Students also viewed these Mathematics questions

Question

What is meant by planning or define planning?

Answered: 1 week ago

Question

Define span of management or define span of control ?

Answered: 1 week ago

Question

What is meant by formal organisation ?

Answered: 1 week ago

Question

What is meant by staff authority ?

Answered: 1 week ago