6. Compute by suitable method the index number of quantity from the data given below : 1999 2000 Commodity Price Value Price Value A 8 80 10 110 10 90 12 108 C 16 256 20 340
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- Construct index number of price from the following data byapplying: Marshall-Edgeworth’s methodand comment on the results. Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13Construct index number of price from the following data byapplying: a ) Laspeyre’s method Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13Construct index number of price from the following data byapplying: 1)Paasche’s method Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13
- The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year. Commodity 2000 2005 Price (K) Quantity Price (K) Quantity A B C 15 20 4 15 5 10 22 27 7 12 4 5 Compute the following price index numbers for 2005 from the above table: i. Laspeyre’s price index number ii. Paasche’s price index numberIOG Technologies offers semiconductor and system solutions for automotive industrial and multimarket sectors for applications in communication. The following data relates to the production of three products manufactured by them: Product Price (RM) Quantity 2000 2016 2000 2016 BD-1005 3.00 3.20 60 80 LCM-2134 2.00 2.50 100 90 DDK-456 3.50 4.00 500 700 Determine the Laspeyres Price Index (LPI) and Paasche Price Index (PPI) for 2016 using 2000 as the base period.The following data represent the concentration of organic carbon collected from mineral soil. (Data is already organized in ascending order … smallest to largest) 3.02 7 8.5 10.74 16.92 3.79 7.11 8.5 10.89 17.9 3.91 7.31 8.79 11.33 17.99 3.99 7.45 9.1 11.56 21 4.6 7.66 9.11 11.72 21.4 4.71 7.85 9.29 11.72 21.82 4.8 7.9 9.6 11.8 22.62 4.85 7.92 9.81 11.97 4.9 8.05 10.3 12.57 5.5 8.37 10.72 12.89 Compute the quartiles. Q1 is ____ (blank), Q2 is ____ (blank) , and Q3 is ____ (blank) Quartiles are data values that separate your data set into ____ (blank)equal parts. TRUE or FALSE Q2 is another name for the median
- The following data represent the concentration of organic carbon collected from mineral soil. (Data is already organized in ascending order … smallest to largest) 3.02 7 8.5 10.74 16.92 3.79 7.11 8.5 10.89 17.9 3.91 7.31 8.79 11.33 17.99 3.99 7.45 9.1 11.56 21 4.6 7.66 9.11 11.72 21.4 4.71 7.85 9.29 11.72 21.82 4.8 7.9 9.6 11.8 22.62 4.85 7.92 9.81 11.97 4.9 8.05 10.3 12.57 5.5 8.37 10.72 12.89 Using your calculator, find the mean and standard deviation. Round your mean and standard deviation to the nearest hundredths. The mean is ____ (blank) and the standard deviation is ____ (blank) Find the zscore for the data value 17.99. Round your answer to the nearest hundredths. The zscore is ____ (blank)The following data has been collected on the interarrival times of patients to an emergency department: 3.772, 1.761, 0.743, 15.988, 0.412, 7.541, 6.900, 3.447, 7.024, 1.061, 5.449, 0.309, 0.766, 4.807, 8.143, 0.093, 9.524, 0.012, 4.634, and 0.195 minutes. Estimate the squared coefficient of variation of the arrival process. Is the arrival process likely to be Poisson? Why or why not? Estimate the arrival rate?In the packaging department of a large aircraft parts distributor, a fairly reliable estimate ofpackaging and processing costs can be determined by knowing the weight of an order. Thus, theweight is a cost driver that accounts for a sizable fraction of the packaging and processing costsat this company. Data for the past 10 orders are given as follows:
- The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2010 as the base. 2010 2018 Item Price (in $) Quantity Price (in $) Quantity Washer 0.07 17,000 0.10 20,000 Cotter pin 0.04 125,000 0.03 130,000 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 a. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) b. Determine the Paasche price index. (Round your answer to 2 decimal places.)The data to the right contain the per-capita energy consumption, in kilowatt-hours, for each of the 20 provinces of a nation. Complete parts (a) through (c) below. 15,628 14,954 14,051 12,803 12,051 11,978 11,264 11,175 10,689 10,193 9,806 9,649 9,615 9,167 9,100 8,847 7,449 6,722 5,457 4,122 What percentage of these provinces has average per-capita energy consumption within ±1 standard deviation of the mean within ±2standard deviations of the mean, and within ±3 standard deviations of the mean? The percentage within ±1 standard deviation of the mean is __%Q3The following information was recorded in a toy store: Year 2016 Year 2017 Year 2018 Price Quantity Price Quantity Price Quantity Slime 6 50 9 60 10 56 Sticky tact 2 100 2 105 2 120 Stinky egg 4 60 4 50 6 60 Teddy Bear 10 30 11 26 12 24 Tortoise 8 40 11 39 12 36 Q3The following information was recorded in a toy store: (a) By using the above data, compute the Laspeyres Price Index for year 2018 by using year 2016 as base year. (b) Interpret your answer in part (a)). (c) By using the above data, compute the Paasche Price Index for year 2018 by using year 2016 as base year. (d) Which item has experienced the greatest inflation rate from year 2017 to year 2018? (Just state your answer, no calculation is needed in part (d)).
