Estimate tire production and rubber consumption for 2015 and 2020 for this natio
ID: 2772551 • Letter: E
Question
Estimate tire production and rubber consumption for 2015 and 2020 for this nation based on data presented below, i.e. compute each question mark and then provide below a brief rationale = basic concepts + reasoning that you used in arriving at the figures you are showing in the table **This is for a business to business marketing course but this was the best section I thought to post**
2000 2005 2010 2015 2020 Automobiles in use (mil units) 60 75 90 107 126 Autos produced (mil units) 7 9 7 11 12.5 Tires made for cars (mil units) 105 147 163 ? ? Rubber consump’n for tires (mil lbs) 216 308 374 ? ?Explanation / Answer
2000 2005 2010 2015 2020 Automobiles in use (mil units) 60 75 90 107 126 Autos produced (mil units) 7 9 7 11 12.5 Tires made for cars (mil units) 105 147 163 167.986319 172.927679 Rubber consump’n for tires (mil lbs) 216 308 374 385.441002 396.778847 Growth rate YOY CAGR 2000 2005 2010 2015 2020 2015 2020 Automobiles in use (mil units) 25.00% 20.00% 18.89% 17.76% 3.93% 3.78% Autos produced (mil units) 28.57% -22.22% 57.14% 13.64% 3.06% 2.94% Formula of compounded annual growth rate is endvalue/beginning value ^(1/no.of year) -1 Tires made for cars (mil units) 40.00% 10.88% 0.02941525 0.02941525 Rubber consump’n for tires (mil lbs) 42.59% 21.43% 0.02941525 0.02941525 The trend is upwards in 2005 then doenwards for 2010 and again upwards for 2015 aand then downards for 2020 The tires made is directly dependent on autos produced And rubber comsumed is directly dependent on tires made So the trendof tires produced and rubber consumed will be directly dependent on autosproduced
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