From the following data construct the value indexnumber and prove its consistency.Base YearCurrent YearCommodityPriceQuantityPriceQuantity7580Y1251405030346N57

Answered: Image /qna-images/answer/06aa12b0-b63b-452e-b0a8-71eaab9dd33c.jpg

Answered: From the following data construct the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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the following data represent the operating time in hours fro 4 types of pocket calculators before a recharge is required. test at 0.01 level of significance if the operating times for all four calculators are equal. Find the following: MSbet: Mswit: Fratio: F0.01: Decision:
Use MINITAB or some other computer software toconstruct a stem-and-leaf display for the following data representing the time to make coke (in hours) in succes-sive runs of a coking oven. 7.8 9.2 6.4 8.2 7.6 5.9 7.4 7.1 6.7 8.510.1 8.6 7.7 5.9 9.3 6.4 6.8 7.9 7.2 10.26.9 7.4 7.8 6.6 8.1 9.5 6.4 7.6 8.4 9.2
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Suppose a study of speeding violations and drivers who use cell phones produced the following fictional data: Speeding violation in thelast year No speeding violation in the last year Total Uses cell phone while driving 25 280 305 Does not use cell phone while driving 45 405 450 Total 70 685 755 Calculate P(Driver had no violation in the last year AND was a cell phone user). Round your answer to four decimal places.
Suppose the table gives the number N(t), measured in thousands, of minimally invasive cosmetic surgery procedures performed in the United States for various years t. t N(t) (thousands) 2000 5,490 2002 4,897 2004 7,455 2006 9,138 2008 10,882 2010 11,561 2012 13,075 Construct a table of estimated values for N'(t). (Use a one-sided difference quotient with an adjacent point for the first and last values, and the average of two difference quotients with adjacent points for all other values. Round your answers to two decimal places.)
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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)).
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From the following data construct the value indexnumber and prove its consistency. Base Year Current Year Commodity Price Quantity Price Quantity 75 80 Y 125 140 50 30 346 N57