Calculate price index number from the following data by :t Laspeyres Method, (i) Paasches Method, and (iil) Fisher's Method.Base YearCurrent YearCommodityPriceQuantityExpenditureQuantityA505605621002401206036060103028824E84043236

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Answered: Calculate price index number from the…

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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Table 1: Cross Tabulation - Frequency Table Geneva Location 0 1 2 3 Total Geneva Location 0 1 2 3 Total FREQUENCY - DAILY SALES BY LOCATION Saratoga Location 0 O 0.0800 O 0.2300 O 0.1200 O 0.0300 O 0.1500 21 21 54 9 3 0 1 30 36 42 9 117 1 2 24 33 9 6 72 3 2 42 9 18 12 3 4 RELATIVE FREQUENCY - DAILY SALES BY LOCATION Saratoga Location 3 12 2 2 3 5 5 4 5 0.0700 0.1000 0.0800 0.0700 0.1200 0.1100 0.0300 0.0067 0.0000 0.0067 0.0600 0.0033 0.0100 0.0067 0.0300 0.1400 0.0300 0.0400 0.0100 0.0300 0.0200 0.0100 0.0167 0.0000 0.1800 0.3900 0.2400 0.1400 0.0400 0.0100 3 0 1 2 0 Total 86 111 77 26 300 Total 0.2867 0.3700 0.2567 0.0867 1.0000 According to Table 1 above, the probability that both locations will only sell two cars is.
The Big Mac index is a way of measuring Purchasing Power Parity (PPP) between different countries. By diverting the average national Big Mac prices to U.S. dollars, the same goods can be informally compared. The Big Mac can also be a good indicator for the individual purchasing power of an economy since he exists worldwide in standard size, composition and quality. Price # of Countries Rel. f. Cum. f 1.50-1.99 2 2.00-2.49 4 2.50-2.99 7 3.00-3.49 9. 3.50-3.99 7 4.00-4.49 8 4.50-4.99 9 5.00-5.49 7 5.50-5.99 1 6.00-6.49 2 6.50-6.99 1 a. What is the statistical name of the table above? b. How many countries were sampled? c. State the class width. d. Calculate the mean and standard deviation of the average prices of a Big Mac worldwide. Attach correct symbols and units to your answers. Explain how you obtained your answers.
Johnson Wholesale Company manufactures a variety of products. The prices and quantities produced for April 2010 and April 2019 are: 2010 2019 2010 Quantity 2019 Quantity Product Price Price Produced Produced Small motor (each) $ 23.92 $ 28.29 1,413 4,234 Scrubbing compound (gallon) 2.32 3.70 86,827 62,984 Nails (pound) 0.19 0.86 9,332 22,336 Click here for the Excel Data FileUsing April 2010 as the base period, find the value index of goods produced for April 2019. (Round your answer to 2 decimal places.)
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Calculate MSE for the 4 periods for which the actual and forecasted number of customers given in the table below: Period Actual Number of Customers Forecasted Number of Customers Error 1 1,975 2,000 2 2,050 2,025 3 1,925 1,975 4 2,075 2,025 0 390.63 37.5 6,250 1,562.5

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Calculate price index number from the following data by : t Laspeyres Method, (i) Paasches Method, and (iil) Fisher's Method. Base Year Current Year Commodity Price Quantity Expenditure Quantity 50 560 56 100 240 120 60 360 60 10 30 288 24 8 40 432 36 ABCDE