Construct the price index number for the year 1997, from the following information taking 1996 as baseyearCommoditiesPrice in 1996 ($)Price in 1997 ($)Rice130115wheat8065Sugar7570Ragi9590Oil105105Dal3520

Answered: Image /qna-images/answer/d98f6f96-514c-4f59-9562-7bf14acec634.jpg

Answered: Construct the price index number for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

From the following data construct Laspayres Price index number in 1989 with 1986 as base year. Commodity Price in Price in Quantity in Quantity in 1986 1989 1986 1989 i 10 11 16 ii 10 16 15 21 iii 12 14 5 12 iv 16 18 7 V 20 22 13 19
In 2021, the Nasdaq (one of the major stock exchanges) increased 2467.37 points, an 18.7% increase. What was the opening value for the Nasdaq at the beginning of the year? Keep 2 decimal places.
If your numerical answer is NOT an integer, put it in percentage and rounded to 2 decimal places. For example, if the answer is 0.22575 , you have to put 22.58% in the box. DO NOT FORGET TO PUT THE PERCENT (%) SIGN AT LAST. Putting only 22.58 without the trailing percent sign will be assessed as a wrong answer! You must NOT type any other symbol, space, operator, fraction etc in the box. Suppose, you are running an experiment that has two outcomes, namely 'success' and 'failure'. You intially don't know the probability of success in a single experiment. But you know that, if you continue to run the experiment several times, the expected number of experiment required for the first success is 16. What is the standard deviation of the number of experiments required for the first success?
From the following indices calculate the weighted cost of living index numbers for the years 1996, 1997 and 1998. Indices S.No. Items Weights 1995 1996 1997 1998 100 110 115 Food Clothing Housing Fuel Sundries 1. 50 120 30 100 100 110 105 2. 20 100 95 120 104 3. 15 100 105 108 106 4. 100 102 112 110 5.
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
Price information for selected foods for 2010 and 2018 is given in the table. Determine a value index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)
a. Based on the graph, what was the dollar amount of the US National Debt in 2000? Be as accurate as possible. Write your answer in expanded form (for example, 100,000). b. Based on the graph, what was the percent of GDP for the US National Debt in 2000? Be as accurate as possible. c. Based on your above answers, what was the GDP in 2000? Show calculations/thought process supporting your answer.
From the following data construct an index for 2016 taking 2017 as base : Commodity Price in 2016 50 40 80 110 20 Price in 2017 70 60 90 120 20 (BCDE
14 From the following information regarding the price of 3 commo- dities, calculate the index numbers taking average price as base. Commodity A 10 kg. 8 kg. 7 kg. Commodity B 4 kg, 3 kg. 3 kg. Commodity C 2 kg. 3 kg. 3 kg. Year Unit I Price per Rupee II II
Below is information on a basket of toiletries for year 2018 and 2021 Prices Quantities Product 2018 2021 2008 2021 Soap (125 g) 2.65 3.05 5 7 Deodorant (50 ml) 24.65 25.35 6 8 Toothpaste (100ml) 5.25 6.15 10 9 Find the Laspeyres Quantity Indices and interpret your answer
2. Discuss the Price Index most commonly used in your country. How is it calculated?

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

Construct the price index number for the year 1997, from the following information taking 1996 as base year Commodities Price in 1996 ($) Price in 1997 ($) Rice 130 115 wheat 80 65 Sugar 75 70 Ragi 95 90 Oil 105 105 Dal 35 20