Explain the following weighted index numbers. (a) Laspeyre's Price Index Number (h) Passche's Pricg Indor Numbor
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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?In a particularly small region in the Philippines, the consumer price index C depends onConstruct 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
- 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 13The following data is given for Soweto Hospital with regards to the number of patients admitted in the first half of the year ended 30 June 2023 and the total costs incurred by the hospital to treat these patients in this period:MonthNumber of patients admittedTotal costs incurred by the hospital (Rands)January20050 000February20050 000March25055 000April25055 000May30060 000June15045 000Required:Calculate the variable cost per unit and total fixed costs by using the Least Squares (Simple Regression Analysis) method.Find out the next month after april income by using the forecasting method of the moving average method
- Construct 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 13Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars).Construct index number of price from the following data byapplying: Bowley’s method 2016 2016 2017 2017 Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13
- 1. What does calculating the Bendford's average tell us about Individuals? 2. What can we learn by looking at an individual's transactions using the lens of Bendford's law?The following table shows the approximate number of wireless telephone subscriptions in a certain country for recent years.1.Suppose that the weight of a type of organism is governed by a power law relationship with its length from snout to tail and the thickness of its central vertebrae