Example 20.7 The price and quantity data for two years for five commodities are given below; Commodity Po 90 P1 10 5 10 12 8. 10 12 15 15 12 10 Calculate the Laspeyres and Paasche index numbers and ascertain whether they satisfy the time and factor reverseal tests. 5505 ABCDE

Q: Description of item analysis

A: Introduction Statistics is a field which involves collection, arrangement and analysis of the data…

Q: List 7 ways of representing data

A: Data can be represented using tables, charts and graphs.  Different ways of graphical representation…

Q: Briefly explain what is meant by the term “descriptive statistics”.

A: We have to describe descriptive statistics here

Q: What does data mean in statistics definitions

A: Statistics:The science of collecting, analysing and making inference from data can be termed as…

Q: 16,10,30,32,35,23,17,19,24,29,26,17,12,18,38,27,18,31,33,32,41,22,35,…

A: The total number of basketball games played by the player = 68 The total points obtained from these…

Q: Briefly describe the importance of statistics in business

A: The objective of this question is to understand the significance of statistics in the field of…

Q: write down the method of data collection from primary and secondary sources

A: Solution : Method of data collection from primary and secondary sources : 1) Primary Data :…

Q: Statistics is becoming more and more important. Demonstrate through an example (you create the data)…

A: Statistics can be in any form such as numbers, summaries of patterns and probabilities.…

Q: Discuss how correlation and analysis of multiple sources of data can impact organizational…

A: The data refers to the collection of information which is used for analysis.

Q: How can data be compared?

A: Here, we have to describe the different ways by which data can be compared.

Q: Describe about Variability within Groups.

A: There are two types of variability in ANOVA. They are, Between groups variability. Within group…

Q: how to find the find the p value of a data table

A: To find p-value, test statistic and hypothesis must be known.

Q: Scatter plots

A: Explanation and solutions is given below.....

Q: Explain when can we use data grouping?

A: when the data is large, then the data grouping is used. The general way of handling continuous…

Q: How data are collected? and how data are classified? How data are treated?

A: Data collection is the process of gathering and measuring information on variables of interest, in…

Q: A variable is a trait or characteristic that can change values, for example: gender, age, income.

A: In the context of research or statistics, a variable is any characteristic, number, or quantity that…

Q: briefly discuss a method of data analysis

A: The method of Data Analysis is as follows

Q: What factors might influence the mathematics performance of a student. Discuss cognitive, physical,…

A: The subject of mathematics affects all aspects of human life at different levels .  Mathematics is a…

Q: True or False: A data set will always have exactly one mode. ..... Choose the correct answer below.…

A: follow next step

Q: Data of Games:…

A: Given a data…

Q: It refers to the collection and presentation of data. O descriptive statistics O probability…

A: Given data: It refers to the collection and presentation of data: Options are; 1.descriptive…

Q: write a paragraph that discusses: Why is this graphic might be needed for that specific topic Why…

A: Given information: Topic: Americans who have tried marijuana Variable: No. of people (Americans)

Q: Explain the value of the business statistics in management

A: Statistical research in business enables managers to analyze past performance, predict future…

Q: How important is discrete mathematics for a Data analysis?

A: Answer given below.

Q: How statistical analysis is important in measuring continuous outcome of patient care in nursing…

A: Statistical analysis is used in almost all fields including nursing field. 1. Timing of medication…

Q: Clustered bar graphs are useful for * simple table True False O Biostatistics can be defined as the…

A: The clustered bar graphs are useful when we have two nominal or ordinal variables. It differentiates…

Q: The recommendations of respected wine critics have a substantial effect on the price of wine.…

A: The data on ratings of wines of  and  vintage is given below,Rating Sr.NoVintage 2000 (x1)Vintage…

Q: Part 2 According to the US Bureau of Labor Statistics, Data at The data can be found…

A: The workforce injury in the private sector in 2016 is The data set of employee satisfaction has data…

Q: Which phase in a forensic investigation is likely to be most relevant to Excel? Data analysis Data…

A: Which phase in a forensic investigation is likely to be most relevant to Excel?Data analysisData…

Q: This deals with the collectio make decisions and solve p O Data Analysis O Engineering Method O…

A: Question: This deals with the collection presentation analysis use of data to make decisions and…

Q: Define the term Qualitative variable with example?

A: Qualitative variable:  The variables which are not numerical  are called as Qualitative variables.…

Q: What type if variable is color vision status categorical or quantitative

A: Given that  Qualitative variables or Categorical variables: The data which cannot be expressed as…

Q: (part 2) Give an example of a set of data for which the mean is lower than the median.

A:

Q: examples of graphic presentation of data

A: Line graphs:Graphs are used to represent statistical data. A line graph is a diagram showing the…

Q: What do you mean by relative frequency?

A: To understand the relative frequency let me first explain the frequency. Frequency - The number of…

Q: Slicers allow for simple filtering of data in a row or column. True False

A: Slicers are simple command in Excel