From the following data relating to average prices of a commodity computethe index numbers with 1989 as base and recast the indices thus obtained byshifting the base to 1993 by both the direct and short-cut methods.1996 1997 | 19981994 199582Year :19891990199119921993Prices:506062657578848890CS Scanned with CamScanner

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Answered: From the following data relating to…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

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Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.

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John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)
Given the following information. Commodities | Current year Price (in Rs.) | Base year Price (in Rs.) | Weights A 52.0 42.5 30 37.5 29.5 40 C 19.5 21.5 15 81.0 88.5 15 Also, EW = 100, E PW = 11489, where P = (P,/P) × 100. An index number for the current year using the method of weighted average of price relatives is : %3D (А) 124. 89 (B) 114.89 (С) 134.89 (D) 144.89.
Table 2 shows the statistics for bed count and inpatient service days that Manatee Bay Health Center reported for last year (a non-leap year). The hospital chief operations officer (COO) is meeting with the board of directors next Tuesday for a quarterly meeting. He asked you to figure the hospital's occupancy ratio for the past year. You have been given the statistics in Table 2 to calculate the annual percentage of occupancy for the past year's operations. Table 2 – Manatee Bay Health Center Hospital Bed Count and Inpatient Service Days Manatee Bay Health CenterHospital Bed Count and Inpatient Service Days Time Period Bed Count Inpatient Service Days January 1 – May 31 200…
The Consumer Price Index provides a means of determining the purchasing power of the U.S. dollar from one year to the next. To use the Consumer Price Index to predict a price in a particular year, we can set up a proportion and compare it with a known price in another year as follows:(price in year A)/(index in year A)=(price in year B)/(index in year B)In 1986 the Consumer Price Index was 109.6 and in 2010 it was 218.1. Find the amount that would be charged in 2010 for the use of the same amount of electricity that cost $110 in 1986. Give your answer to the nearest dollar.
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Showing by using excel format, please solve the following:
The following table shows a sample of room rates for a 100 room resort hotel in Nova Scotia for the time period Jan. 1 to Dec. 2003. Note that 1/1-7/3 means January 1 to March 7, 2003. Be sure to scroll down to see the bottom of the rate table. 2003 Room Rates A Oceanfront 1 double bed Oceanfront 2 double beds Oceanfront Effic, 2 double beds 2 room suite 3 double beds Oceanfront Suite 3 double beds Extra Person B C D E 1/1 - 7/3 75 85 105 120 140 5 8/3 30/3 125 135 155 175 200 8 31/3 - 31/5 85 115 130 150 5 1/6 -30/6 100 110 130 150 175 5 1/7 2/9 -1/9 -8/10 150 95 180 200 225 10 105 125 140 165 7 9/10 -1/12 85 95 115 130 5 2/12 -20/12 75 85 105 120 140 5 21/12 - 31/12 125 135 155 175 200 10 IMPORTANT: Please omit the dollar signs in all answers. Note: Suites have 3 beds. a. For the 9 time periods, what was the mean extra person rate? b. (i) This hotel has 20 type A rooms, 15 type B, 30 type C, 25 type D and the remainder are type E. If the hotel was fully booked (with no extra people…
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