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Using the information in Extract F, calculate the three period moving averages for the percentage of rooms occupied for the periods March to May and June to August to two decimal places, stating the difference between these moving averages - Edexcel - A-Level Business - Question 2 - 2022 - Paper 2

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Using-the-information-in-Extract-F,-calculate-the-three-period-moving-averages-for-the-percentage-of-rooms-occupied-for-the-periods-March-to-May-and-June-to-August-to-two-decimal-places,-stating-the-difference-between-these-moving-averages-Edexcel-A-Level Business-Question 2-2022-Paper 2.png

Using the information in Extract F, calculate the three period moving averages for the percentage of rooms occupied for the periods March to May and June to August t... show full transcript

Worked Solution & Example Answer:Using the information in Extract F, calculate the three period moving averages for the percentage of rooms occupied for the periods March to May and June to August to two decimal places, stating the difference between these moving averages - Edexcel - A-Level Business - Question 2 - 2022 - Paper 2

Step 1

Calculate the moving average for March to May

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Answer

To find the three-month moving average from March to May, we use the formula:

March+April+May3=30+45+703=1453=48.33%\frac{\text{March} + \text{April} + \text{May}}{3} = \frac{30 + 45 + 70}{3} = \frac{145}{3} = 48.33\%

Therefore, the moving average for this period is 48.33%.

Step 2

Calculate the moving average for June to August

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Answer

Next, we calculate the moving average from June to August:

June+July+August3=70+90+903=2503=83.33%\frac{\text{June} + \text{July} + \text{August}}{3} = \frac{70 + 90 + 90}{3} = \frac{250}{3} = 83.33\%

Thus, the moving average for this period is 83.33%.

Step 3

State the difference between the moving averages

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Answer

To find the difference between the two moving averages:

83.33%48.33%=35%83.33\% - 48.33\% = 35\%

Hence, the difference between the moving averages is 35%.

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