EBK STATISTICAL TECHNIQUES IN BUSINESS
EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 17, Problem 22CE
To determine

Develop a simple index of the number of employees for each year from 2004 until 2015 using the average of 2000–2002 as the base period.

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Based on the following data, develop a weighted index for the price of a gallon of gasoline in 2017, when 1996 is the reference year having an index value of 99.2. The weight placed on regular unleaded gasoline is three times that of either premium or unleaded plus, because roughly three times as much regular unleaded is sold compared with premium or unleaded plus.
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        13
The following graph shows the approximate value V(t) of subprime (normally classified as risky) mortgage debt outstanding in the United States.
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