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- 2) a, b, and c. Solve them step by step.The prices of agricultural commodities for 1946-47 and for the inonth of Dece:mber 1950 are given below along with the value of the output of hese commodities in 1946-47: Value of outptl in million (Rs.) Prices ELIII Commodities Unit 1946-47 (Rs.) Dec. 1950 (Rs.) (1946-47) 13.75 9-70 8364 Rice Wheat Jowar maund таund 13-75 9.70 2207 6:03 8.00 876 maund 466 00 433.00 701 Cotton (raw) Tea Ibs. 1:25 1:75 534 Ibs. Calculate the weighted index mumber of prices of these commodities for December 1950 taking 1946-47 as base.1. Instruction: For each of the following variables, indicate whether it is qualitative or quantitative. For quantitative variables, further categorize them into the discrete or continuous type. (a) Gender (b) Hospital bed capacity. (c) Blood glucose level (in mg/100 mL) (d) Systolic blood pressure (e) Height (in centimeter) (f) Blood type (g) Per capita income (h) Household size (i) Mid-upper arm circumference (in centimeter) () Region (k) Pulse rate (I) Civil status
- Consider the following table.1. Differentiate the following: A. Descriptive versus Inferential Statistics B. Parameter versus Statistics C. Qualitative versus quantitative data D. Raw Data versus array data 2. Define the following and give and example: a. Nominal Scale b. Original Scale c. Interval Scale d. Ratio Scale 3. Define the following: a. Direct Method b. Indirect Method c. Registration Method d. Observation Method e. Experimental MethodIf the If the cost of goods available for sale equals $116,762, calculate the cost of goods sold using the table below Cost per unit Number of units on hand Total cost 9 10 8 6 33 $860 $1760 $945 $480 Ending inventory The cost of goods sold in S $7,740 $17,600 $7,560 $2,880 $35,780
- 1.) Below are prices per gallon of regular gasoline at various Shell and Mobil gas stations. Shell: $3.34 $3.56 $3.90 $4.01 $4.12 $3.36 $3.59 Mobil: $23.24 $3.25 $3.99 $3.99 $4.33 $2.99 $3.23 $2.90 $3.56 $3.12 At a= 0.01, test the claim that these two gas chains have the same average gas prices. a.) Use a hypothesis test b.) Use an appropriate confidence interval 1a.) H0: ______________________ H1: ___________________ t= ________________ P-value __________________ Conclusion: _________________________________ b.) t a/2 = ____________________ CI: ____________________________ Conclusion: ___________________________________________In 1993 the average expenditure of the employees on food and other items was as follows : In Cuttack In Bhubaneswar (i) Food 60% (ii) Other items 40% 50% 50% In 1998, the cost of living index was 279 for Cuttack and 265 for Bhubaneswar with 1993 as the base. The rise in price of all the items used by the employeees was known to be the same for both the towns. Determine the 1998 index for (i) food and (ii) other items.In 1997 Fuller and coworkers at Texas A&M University estimated the operating costs of cotton gin plants of various sizes. The operating costs of the next to the smallest plant is shown in the following table. x 2000 4000 6000 8000 10000 12000 y 163,200 230,480 301,500 376,160 454,400 536,400 Here x is the annual number of bales produced, and y is the dollar total cost. (Use 4 decimal places in your answer.)A. Determine the best fitting line using least squares. Also determine the square of the correlation coefficient.The best fitting line is C(x) = .The square of the correlation coefficient is r2 = .B. The study noted that revenue was $63.25 per bale. At what level of production will this plant break even?The revenue equation is R(x) = The profit equation is P(x) = The production will break even when bales are produced.C. What are the profits or losses when production is 3000 bales? 4000 bales? (Round to the nearest cent.)When…