24. In calculating cost of living index number, the weights used were :Food 8, Rent 2, Clothing 3,, Fuel and Light 1 and Miscellaneous 2. Calculate the indexnumber in the case of data where the percentage increases in the prices of the various items in2017 over prices of 2016 were 40, 75, 60, 35, and 80 respectively.

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Answered: 24. In calculating cost of living index…

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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From the data given below find the cost of living index number for 1998. Per cent of total Items Price in 1997 Price in 1998 expenditure 140 45 Food Fuel Housing Clothing Miscellaneous 160 30 25 15 80 70 20 40. 35 12 50 40 8.
Maryland Café Using the following information to answer the questions, Please take 2 decimals in calculation. Month Sales ('000s) January 24 37 February March 24 42 24 39 April 2$ 29 May June 49 40 July August September 39 40 43 October ?? 1. What is the forecast for October using a 5-month moving average approach? $42,200 2. What is the forecast for October using a 3-month weighted moving average approach? In order from most recent to least recent month, assign weights of 0.5, 0.2 and O.1 $41,470 3. What is the forecast for October using exponential smoothing with alpha = 0.2, July forecast was 30 $35.350
9. The following are quantitative variables EXCEPT A. number of cars owned C. weight of infants B. monthly bill D. license number
2. Which of the following statements is false? Explain your answer. A. A price index can be used to compare changes in prices over time. B. A graph of the average monthly price of gas is an example of an index. C. Price index values are often calculated relative to a base value at a certain point in time or in a certain place. D. Index values can be greater than 100.
From the following data compute the consumer price Index for the year 1998 w.r.t. the price level of 1997. Food Items Food Rent Clothing Fuel Weight Percentage of increase in prices over the price of 1997 Misc. 7.5 2 2.5 Rice Whe Pul 3 1 50 60 40 20 30
Answer the following questions regarding the population of Hamilton County in 2016. a. If you predict the population of Hamilton County in 2016, should you use the average growth rate of 2000-2009 or the average growth rate of 2009-2015? Explain your choice in a complete sentence. b. Predict the population of Hamilton Country in 2016. Show your work. Express your answer in “thousand people” rounded to the nearest whole number.
2
With aging, body fat increases and muscle mass declines. The line graphs show the percent body fat in adult females and males as they age from 25 to 75 years. Use this information to complete parts (a) through (c) below. a. Find an estimate for the percent body fat in 45-year-old females. % (Type a whole number.) Percent Body Fat 40 36- 32- 28- 24 20+ 15 Percent Body Fat in Adults 25 35 45 Age Females Males 55 65 75
7. Calculate the weighted price index from the following data : Quantity required Price during 1995 Materia! Unit 1994 i required 2$ $ 8.0 Cement Timber Steel sheet: Bricks 500 lb. 2,000 c.ft. 50 cwt. 5.0 9.5 100 lb. c.ft. 14.2 34.0 12.0 cwt. 42.0 per '000 20,000 24.0
2. Discuss the Price Index most commonly used in your country. How is it calculated?
56. From the following data calculate the cost of living index number by the family budget mehtod. Also obtain the expenditure of the person in the year 2013 if his ex- penditure is 2010 is Rs. 600. Price 2010 Price 2013 Weight Group Food Clothing Rent 12 60 16 32 30 60 30 10 10 20 15 Education Misc. 15 10

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