Example 20.21 Assuming that all the products can be assigned equal weights, calculate the chain-baseindex numbers for the years 1996 to 2000 on the basis of the following price relatives:(Note: Price relative = (p₁/po) × 100)YearABCDE19961001001001001001997905251341181331998816160115125199911220080931402000122661508686

Answered: Image /qna-images/answer/216fc68c-4007-4077-8c22-49e5fd3bcd39.jpg

Answered: Example 20.21 Assuming that all 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

See similar textbooks

Similar questions

37. The Index Number for the year 2003 with 1990 as base year for the following data is : Commodity Quantity in unit in 1990 Price per unit in 1990 (Rs.) Price per unit in 2003 (Rs.) A 100 8.00 12.00 B 25 6.00 7.50 C 10 5.00 5.25 20 48.00 52.00 E 25 15.00 16.50 F 30 9.00 27.00 (A) 142.11 (B) 132.11 (C) 152.11 (D) 122.11.
6. From the following data construct a price index number of the group of four cömmodities by using the appropriate formula : Commodity Current Year Base Year Price per unit Expenditure Price per unit Expenditure A 2 40 75 16 8 40 C 1 10 2 24 D 25 10 60
The following data shows prices of three types of fruits over ten years. Year Mango Orange Blackberry 1 50 100 150 2 55 115 155 3 60 100 125 4 55 110 130 5 63 120 120 6 65 110 125 7 70 105 140 8 75 120 170 9 60 130 160 10 65 135 175 Take year 1 as the base year. In that year the production of Mango, Orange, and Blackberry was 50, 25,and 15 thousand kilograms respectively.a) Find the un-weighted index of prices.b) Find the Laspeyres index for fruit prices.c) What is the change in price from year 6 to year 7 if you use un-weighted index.d) What is the change in price from year 6 to year 7 if you use Laspeyres index.e) Is answer to c is different from answer to d. Explain your answer
Calculate Fisher's price index from the following data and check whether time Reverse Test is satisfied: Base year (1990) Current year (1995) Commodity Price Quantity Price Quantity A 32 50 30 50 B 30 35 25 40 C 16 55 18 50
3. The following data shows prices of three types of fruits over ten years. Year Mango Orange Blackberry 50 100 150 55 115 155 60 100 125 4 55 110 130 63 120 120 65 110 125 7 70 105 140 8 75 120 170 60 130 160 10 65 135 175 Take year 1 as the base year. In that year the production of Mango, Orange, and Blackberry was 50, 25, and 15 thousand kilograms respectively. a) Find the un-weighted index of prices. b) Find the Laspeyres index for fruit prices. c) What is the change in price from year 6 to year 7 if you use un-weighted index. d) What is the change in price from year 6 to year 7 if you use Laspeyres index. e) Is answer to c is different from answer to d. Explain your answer
The table below shows the share of income going to each quintile of the income distribution for Neverland in 1980 and 1990. Complete the table below finding the the cumulative share of income for 1980 and 1990 and answer the following: Share of income in Cumulative share of Share of income in Cumulative share of Quintiles 1980 income in 1980 1990 income in 1990 1st 7% 6.6.% 2nd 11.5% 11.5% 3rd 17% 16.3% 4th 24.8% 22.7% 5th 39.7% 42.9% a) Sketch the Perfect Equality line and the Lorenz curve for 1980 and for 1990. Don't forget to label your graph and your curves! b) According to the Lorenz curves that you draw in (a), which year had worse income inequality, 1980 or 1990? JUSTIFY your answer! NOTE: This is a file upload question. Work your answer in a piece of paper, take a picture and upload your file.
The figure below shows timber production in particular months from 2000 to 2005. Which of the following months of the year seems to have the lowest timber production? (a) January (b) April (c) July (d) October
Example 1 From the data given below, calculate the index number of prices for all the years with reference to 1980 as the base year, using Simple Aggregative Method. Items 1980 1981 1982 1983 Rice wheat 57.2 130.3 51.7 56.4 58.7 60.4 121.3 124.6 50.3 135.5 53.3 Sugar 48.2
The following table is a selection of average prices for a gallon of gas in the United States. Year Gas Price Index Value 2001 [A] 2003 [B] 2004 2018 [A] = Build an index from these values, using 2003 as the base year. Round each index value to the nearest tenth. [B] = = [C] = $1.42 $1.56 $1.85 $2.72 [D] = [C] [D]
From the following data construct Paasche's index number for the year 1998 with the base 1997. 1997 1998 Items Price 6 Quantity Price Quantity P 4 2 3 Q 3 5 1 R. 8 6. S 3 4 8 Cs Scanned with CamScanner 624n
From the following data construct a price index number of the group of four commodities by using the appropriate formula : Commodity Base Year Current Year Price per unit Expenditure Price per unit Expenditure A 40 75 4 16 40 C 1 10 2 24 5 25 10 60

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