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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 Moving Average for March to May

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Answer

To find the moving average for March to May, we sum the occupancy rates for these three months and divide by 3:

Moving Average (March to May)=30+45+703=1453=48.33%\text{Moving Average (March to May)} = \frac{30 + 45 + 70}{3} = \frac{145}{3} = 48.33\%

Step 2

Calculate Moving Average for June to August

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Answer

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

Moving Average (June to August)=70+90+903=2503=83.33%\text{Moving Average (June to August)} = \frac{70 + 90 + 90}{3} = \frac{250}{3} = 83.33\%

Step 3

Calculate the Difference Between the Moving Averages

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Answer

Finally, we find the difference between the two moving averages calculated:

Difference=83.33%48.33%=35%\text{Difference} = 83.33\% - 48.33\% = 35\%

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