A simplified version of input-output analysis of a national economy has the following input-output matrix:AgricultureManufacturingHouseholds0.2450.1020.051AgricultureManufacturing0.0990.2910.279Households0.4330.3720.011A.units of Agriculture are need to produce one unit of HouseholdsB. Given Demand (in billions of dollars) for the three sectors are as follows3.8=Agriculture 30.4 = Manufacturing, 30.5=HouseholdsFind the amount of each commodity that should be produced (nearest 0.1 billion)= AgricultureManufacturingHouseholdsC. If the external demand of Households raises by $1 billion then manufacturing production needs to increaseby $billion (nearest 0.01) in order to meet that increase in household external demand

Answered: Image /qna-images/answer/304cd3aa-f975-4c0d-8b1f-d36ba2a3fa19.jpg

Answered: A simplified version of input-output…

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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Use quantitative forecast methods for the data shown below: PERIOD DEMAND FORECAST 1 24 2 34 3 36 4 37 5 41 6 44 7 45 8 Compute using: Naïve Method Three Period Moving Average 4 period weighted moving average Exponential Smoothing with .30 factor Least Square Method
South Shore Construction builds permanent docks and seawalls along the southern shore of Long Island, New York. Although the firm has been in business only five years, revenue has incand from £212,000 first year of operation to $1,079,000 in the most recent year. The following data show the quarterly sales revenue in thousands of dollars. Quarter 1 2 Year 1 20 102 174 Year 2 28 129 254 37 Year 3 B1 165 329 AY Year 4 102 203 383 77 Year 159 284 448 179
U 1.11 Health Care Spending. Table 1.3 shows the 2013 per capita total expendi- ture on health in 35 countries with the highest gross domestic product in that year.¹2 Health expenditure per capita is the sum of public and private
Part 3
rience. Question Three The following data represent the net profits made by a sample of 25 companies that operate in real-state sector. 56 97 78 61 79 93 84 76 58 92 89 96 42 44 85 77 53 88 62 84 62 82 75 95 89 1) Choose the best graphical presentation and justify your answer. 2) Based on your answer in (1), construct the selected graphical presentation and comment on the results. Based on your answer in (2), do you think the sector performance is satisfactory? Justify your answer.
3. Suppose you find yourself in this situation. One time you want to buy a light bulb.There are three brands of light bulbs that you know. Knowing that the longer the lightbulb lasts, the more you save. Your experience of buying the different brands of light isthe basis. The data are as follows: BRAND K: The light bulb lasted for 4.5 months, 3.5 months, 5.5 months, 2.5 months,6,5 months, 2 months, and 7 months.Brand A: The light bulb lasted for 4.5 months, 3.5 months, 5.5 months, 2.5 months, 6.5months, 2 months, 7months, 4.5 months and 4.5 months. BRAND J: The light bulb lasted for 4.5 months, 3.5 months, 5.5 months, 2.5 months, 6.5months, 2months, 7 months, 8 months and 1 month.If the light bulbs have the same price, which brand of light will you buy? Justify youranswer by using the statistical measures. Tabulate your solutions.
A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant manufacturing data are given in the table. Labor-Hours per Ski Maximum Labor-Hours Available per Day Department Fabricating Finishing Answer parts (A), (B), and (C) below. Trick Ski 6 1 Slalom Ski 4 1 (A) If the profit on a trick ski is $30 and the profit on a slalom ski is $40, how many of each type of ski should be manufactured each day to realize a maximum profit? What is the maximum profit? The maximum profit is $ The maximum occurs when trick skis and 216 42 slalom skis are produced.
A group of researchers carried out a survey of household expenditure for an average family and the data are shown in Table 3. Table 3 Commodity 2016 2017 Quantity 105 Price Quantity 100 Price Rice (kg) Bread (loaf) Cocoa powder (kg) Milk (liter) Sugar (kg) 7.30 8.60 3.02 16 3.10 18 10.26 25 7.83 33 6.10 56 6.55 78 2.85 11 2.95 15 (i) Compute the Average Price Relative (APR) index for 2016 and 2017, using 2016 as the base year. (ii) Calculate Paasche Price Index for 2017 (year 2016 = 100). Interpret the answer. (iii) Calculate Laspeyres Price Index for 2017 (year 2016 = 100). Interpret the answer. (iv) Calculate the Fisher's Price index.
An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…
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