The following are the prices of commodities in 2016 and 2017. Calculate price index based on price relatives, using the geometric mean : Commodity Year A B D E F 2016 45 60 20 50 85 120 55 70 30 75 90 130 2017
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- The Xhang Corporation operates five clothing suppliers in China to provide merchandise for Nike. Nike recently sought information from the five plants. One variable for which data was collected was the total money (in U.S. Dollars) the company spent on medical support for its employees in the first three months of the year. Data on number of employees at the plants are shown. These data are as follows: Medical $7,400 $14,400 $12,300 $6,200 $3,100 Employees 123 402 256 109 67 (a). Compute the weighted mean medical payment for these five plants using number of employees as the weights. (b). Explain why Nike would desire that a weighted be computed in this situation rather than a simple numeric average Answer all questionsFind out the coefficient of Variation (CV). Please discuss the effect of large observation with the help of CV. Use MS-EXCEL for the Calculation, Take Snapshot after analysis and paste itThe economy of country Y produces 5 commodities; rice, salted fish, sugar, salt, and oil. The following table shows the outputs and prices for year 2000, 2001 and 2002. Instructions calculate Paasche consumer price index for 2001 and 2002 using 2000 as base year!
- G. Thumb, the leading salesperson for the Moe D. Lawn Landscaping Company, turned in the following summary of sales for the week of October 23–28: Date No. of Clients Oct. 23 13 Oct. 24 8 Oct. 25 10 Oct. 26 15 Oct. 27 10 Oct. 28 22 Find the mean, median, and mode. (If an answer does not exist, enter DNE.) mean clients median clients mode clients10- What type of data does the data obtained by temperature measurements fall under?I. Interval dataII. Quantitative continuous dataIII. Proportional dataIV. Quantitative discrete data A) II B) I -II C) I - III - IV D) IV E) III - IIThe economy of country Y produces 5 commodities; rice, salted fish, sugar, salt, and oil. The following table shows the outputs and prices for year 2000, 2001 and 2002. Instructions calculate Laspeyres consumer price index for 2001 and 2002 using 2000 as base year
