Define index number and discuss the various problems that arė faced in theconstruction of an index number. The data given below related to the workers in ahousing.Cost of living index for 2013upon 2010260Groups% of expenditureFoodFuel50140HousingClothingOther items150151901811012If the average monthly pay of the workers in 2010 was $ 20,000. What should be theaverage monthly pay in 2013 in order that the workers may be able to maintain thesame standard of living as that of 2010?

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Answered: Define index number and discuss 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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Jason has accumulated $397,749 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a financial advisor, are shown in the following circle graph. Recommended Categories of Investment annuities 18 % bonds 17 % Answer How to enter your answer (opens in new window) stocks 21% real estate 28.64 % Step 3 of 5: Find the amount of money that Jason should invest in bonds. Round your answer to the nearest hundredth, if necessary. $ mutual funds 15.36 % Keypad Keyboard Shortcuts Tables Previous Step Answers
Several years ago, two companies merged. One of the concerns after the merger was the increasing burden of retirement expenditures. An effort was made to encourage employees to participate in the 401(k) accounts. Nationwide, 62% of eligible workers participated in these accounts. The accompanying data table contains responses of 30 employees of the company when asked if they were currently participating in a 401(k) account. Complete parts a through d. Click the icon to view the data table. a. Determine the sample proportion of company workers who participate in 401(k) accounts. The sample proportion is (Round to three decimal places as needed.) b. Determine the sampling error if in reality the company workers have the same proportion of participants in 401(k) accounts as does the rest of the nation. The error is. (Round to three decimal places as needed.) c. Determine the probability that a sample proportion at least as large as that obtained in the sample would be obtained if the…
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