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For the given 5 values 24, 18, 33, 42, 24; the 3-year moving averages are:

Solution

✅ Correct Option: 2

Given values: 24, 18, 33, 42, 24

A 3-year moving average takes groups of 3 consecutive numbers and calculates their average. The window moves one position at a time.


From 5 values, three groups of 3 consecutive values can be formed:

Group 1: 24, 18, 33 (positions 1, 2, 3)

Group 2: 18, 33, 42 (positions 2, 3, 4)

Group 3: 33, 42, 24 (positions 3, 4, 5)


First Moving Average:

=24+18+333= \dfrac{24 + 18 + 33}{3}

=753= \dfrac{75}{3}

=25= 25


Second Moving Average:

=18+33+423= \dfrac{18 + 33 + 42}{3}

=933= \dfrac{93}{3}

=31= 31


Third Moving Average:

=33+42+243= \dfrac{33 + 42 + 24}{3}

=993= \dfrac{99}{3}

=33= 33


The 3-year moving averages are: 25, 31, 33

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