Given the following data :Year:1992199319941995199619971998Weekly take homePay (Rs.):105110115125135140145ConsumerPrice index :113118127138144150160(i) What was the real average of weekly pay for each(ii) In which year did the employee have the greatest buying power ?(iii) What percentage increase in the weekly pay for the year 1998 is require(if any) to compensate him with the purchasing power in the yeardahis highest real pay ?year

Answered: Image /qna-images/answer/b2033acd-8b85-4086-a8d1-721dd3b64821.jpg

Answered: Given the following data : 1996 1997…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.6: Rational Functions

Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.

See similar textbooks

Similar questions

The Consumer Price Index provides a means of determining the purchasing power of the U.S. dollar from one year to the next. To use the Consumer Price Index to predict a price in a particular year, we can set up a proportion and compare it with a known price in another year as follows:(price in year A)/(index in year A)=(price in year B)/(index in year B)In 1986 the Consumer Price Index was 109.6 and in 2010 it was 218.1. Find the amount that would be charged in 2010 for the use of the same amount of electricity that cost $110 in 1986. Give your answer to the nearest dollar.
Given below are the seasonal indices of sales of a firm for the year 1998 : Month Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. S.I. : 106 .105 101 104 98 96 93 89 92 102 106 108 Find the estimates of the monthly sales during the year '98 if, the firm is expecting a total sales of Rs. 36,00,000.
The following are the P/E ratios (price of stock divided by projected earnings per share) for 15 banks. 34, 19, 21, 20, 23, 14, 22, 29, 23, 24, 43, 31, 23, 18, 15 Find 10th and 75th percentiles for these ratios.(If necessary, consult a list of formulas.) (a) The 10th percentile: (b) The 75th percentile:
The following are the P/E ratios (price of stock divided by projected earnings per share) for 18 banks. 18, 31, 15, 14, 24, 18, 29, 23, 38, 20, 17, 22, 43, 22, 29, 34, 21, 14 Find 10 th and 75 th percentiles for these ratios.(If necessary, consult a list of formulas.) (a) The 10 th percentile: (b) The 75 th percentile:
Table 2 shows the statistics for bed count and inpatient service days that Manatee Bay Health Center reported for last year (a non-leap year). The hospital chief operations officer (COO) is meeting with the board of directors next Tuesday for a quarterly meeting. He asked you to figure the hospital's occupancy ratio for the past year. You have been given the statistics in Table 2 to calculate the annual percentage of occupancy for the past year's operations. Table 2 – Manatee Bay Health Center Hospital Bed Count and Inpatient Service Days Manatee Bay Health CenterHospital Bed Count and Inpatient Service Days Time Period Bed Count Inpatient Service Days January 1 – May 31 200…
Given the following information. Commodities | Current year Price (in Rs.) | Base year Price (in Rs.) | Weights A 52.0 42.5 30 37.5 29.5 40 C 19.5 21.5 15 81.0 88.5 15 Also, EW = 100, E PW = 11489, where P = (P,/P) × 100. An index number for the current year using the method of weighted average of price relatives is : %3D (А) 124. 89 (B) 114.89 (С) 134.89 (D) 144.89.
Prepare index Numbers of price for three years with average price as base from the data given below : RATE PER RUPEE COMMODITIES C A B 4 kg. 3 kg. 10 kg. 1st year 3금 kg. 3 kg. 9 kg. 2nd year 2 kg. 9 kg. 3 kg. 3rd year
The following table shows a sample of room rates for a 100 room resort hotel in Nova Scotia for the time period Jan. 1 to Dec. 2003. Note that 1/1-7/3 means January 1 to March 7, 2003. Be sure to scroll down to see the bottom of the rate table. 2003 Room Rates A Oceanfront 1 double bed Oceanfront 2 double beds Oceanfront Effic, 2 double beds 2 room suite 3 double beds Oceanfront Suite 3 double beds Extra Person B C D E 1/1 - 7/3 75 85 105 120 140 5 8/3 30/3 125 135 155 175 200 8 31/3 - 31/5 85 115 130 150 5 1/6 -30/6 100 110 130 150 175 5 1/7 2/9 -1/9 -8/10 150 95 180 200 225 10 105 125 140 165 7 9/10 -1/12 85 95 115 130 5 2/12 -20/12 75 85 105 120 140 5 21/12 - 31/12 125 135 155 175 200 10 IMPORTANT: Please omit the dollar signs in all answers. Note: Suites have 3 beds. a. For the 9 time periods, what was the mean extra person rate? b. (i) This hotel has 20 type A rooms, 15 type B, 30 type C, 25 type D and the remainder are type E. If the hotel was fully booked (with no extra people…
Construct simple average price relative index number using geometric mean for the year 2015 for the data showing the expenditure in education of the children taking different courses. Expenditure per year 2014 2015 B.Sc 24000 26000 B.Com 20000 22000 B.E 108000 12000 M.B.B.S 150000 168000
Calculate range and its co-efficient from the following statistical data: Profits ( $ in 000's) 125, 50, 30, 20, 80, 85, 90, 160, 180, 100, 170, 185, 155, 200, 140, 145.
Find out the next month after april income by using the forecasting method of the moving average method
John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)

SEE MORE QUESTIONS

Recommended textbooks for you

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

SEE MORE TEXTBOOKS