Calculate the index number by the application of Laspeyre's formula and Paasche's formula from the following data. Units consumed 1978 Price per unit 1978 Commodity 1983 1983 A 20 16 1.2 2.0 B 35 38 2.1 2.4 C 10 9 3.0 4.1 45 50 0-8 1.2
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- Find the positive geometric mean between 4 and 64.he average consumer unit spent $1874 on apparel and services in2006.That same year, 25 consumer units in theNorth-east had the following annual expenditures, in dollars, on apparel and services. 1417, 1595, 2158, 1820, 1411, 2361, 2371, 2330, 1749, 1872, 2826, 2167, 2304, 1998, 2582, 1982, 1903, 2405, 1660, 2150, 2128, 1889, 2251, 2340, 1850 At the 5% significance level, do the data provide sufficient evidence to conclude that the 2006 mean annual expenditure on apparel and services for consumer units in the Northeast differed from the national mean of $1874?The following information is on food items for the years 2010 and 2018. 2010 2018 Item Price Quantity Price Quantity Margarine (pound) $0.81 18 $2.00 27 Shortening (pound) 0.84 2 1.88 9 Milk (1/2 Gallon) 1.44 74 2.89 63 Potato Chips 2.91 26 3.99 32 Compute Paasche’s index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)
- . The Population of a town in the last five censuses was given below. year 1940 1960 1970 1980 2000 population in million 12 15 20 27 39 Use Lagrange’s Interpolating Formula to estimate the population for the year 1950.Complete the stemplot for the following data. 83 61 65 63 50 55 68 73 60 53 50 60 50 59 66 83 69 50 56 77 64 67 70 66 75 89 64 65 61 74 5# | 000035696# | 001134455667897# | 034578# | __________?The following table is a selection of average prices for a gallon of gas in the United States. Year Gas Price Index Value 2000 $1.48 [A] 2001 $1.42 [B] 2004 $1.85 [C] 2007 $2.80 [D] Build an index from these values, using 2001 as the base year. Round each index value to the nearest tenth. [A] = [B] = [C] = [D] =
- The daily sales figures shown below have been recorded in a medium size insurance companyUse this data and predict an apartment's monthly rent base on its square footage. If you find an apartment with 950 square feet, what should you expect to pay in rent? (Enter a whole number) Monthly Rent Square Feet $815.00 679 $695.00 890 $930.00 1165 $799.00 692 $995.00 1020 $825.00 679 $857.00 1065 $599.00 708 $1,015.00 1104 $750.00 639 $725.00 1000 $990.00 848 $960.00 958 $750.00 954 $910.00 1165 $820.00 839 $775.00 725 $999.00 985 $760.00 720 $790.00 824 $830.00 759 $900.00 912 $950.00 1080 $800.00 780 $820.00 628 $800.00 650 $820.00 721 $810.00 875 $770.00 912 $750.00 900 $825.00 655 $800.00 760 $850.00 980 $960.00 920Use this data and predict an apartment's monthly rent base on its square footage. What is this model's SST? (Enter a whole number) Monthly Rent Square Feet $815.00 679 $695.00 890 $930.00 1165 $799.00 692 $995.00 1020 $825.00 679 $857.00 1065 $599.00 708 $1,015.00 1104 $750.00 639 $725.00 1000 $990.00 848 $960.00 958 $750.00 954 $910.00 1165 $820.00 839 $775.00 725 $999.00 985 $760.00 720 $790.00 824 $830.00 759 $900.00 912 $950.00 1080 $800.00 780 $820.00 628 $800.00 650 $820.00 721 $810.00 875 $770.00 912 $750.00 900 $825.00 655 $800.00 760 $850.00 980 $960.00 920
- Compute the GPA for the following student. Letter Grade Value Frequency A 4 37 B 3 32 C 2 24 D 1 8 F 0 6 GPA = nothing Round to two decimal places.The country of Littleland has ten working households. The annual wages for each household are shown in the table. Smith Chan Rodriguez Molina Perkins O'Brien Byrne Ling Jones Mason $49,000 $23,000 $42,000 $120,000 $17,000 $57,000 $36,000 $200,000 $70,000 $81,000 Use the information in the table to calculate the share of aggregate income for each fifth (quintile) of the working households in Littleland. (Give your answer to the nearest whole percentage.) Lowest Quintile:______% Third Quintile:_______% Highest Quintile:_______% Second Quintile:_________% Fourth Quintile:___________%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 15 15 22 12 B 20 5 27 4 C 4 10 7 5 Compute the following price index numbers for 2005 from the above table: Laspeyre’s price index number Paasche’s price index number
