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- 2015 2020 ITEM PRICE QUANTITY PRICE QUANTITY Cup of coffee 8.50 50 10.50 60 Toasted cheese sandwich 13.00 35 14.00 25 English muffin 9.00 120 9.50 138 The preliminary analysis of the data produced the following table: po qo p1 q1 poqo poq1 p1qo p1q1 8.50 50 10.50 60 425 510 525 630 13.00 35 14.00 25 455 325 490 350 9.00 120 9.50 138 1080 X 1140 1311 Σ W Y 2155 Using the table of analysis shown above, answer the following questions (use 2015 as the base year):1.40 Continuous or Discrete? Identify each variable as continuous or discrete: EX a. Number of homicides in Detroit during a one-month period b. Length of time between arrivals at an outpatient clinic c. Number of typing errors on a page of manuscript d. Number of defective lightbulbs in a package containing four bulbs e. Time required to finish an examination?
- Consider the two tables of quantities and prices: Quantities: Food & Transport Clothing Price: Food & Beverages Clothing 2010 2011 2012 20 35 25 29 35 40 37 2010 2011 2012 40 47 33 43 47 Compute the Paasche index for 2012 using 2010 as the base year. (1 d.p.)Take the following information about the theater industry. The theater seats are classified as either reserved or vacant. Among the reserved seats, 2 percent becomes vacant every period. Among the vacant seats, 8 percent become reserved periodically. What is the natural rate of seats that are vacant?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 $2.72 [D] = [C] [D]
- Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base period. 2000 2009 Seafood 2000 Qty. (lb) Price ($/lb) Price ($/lb) Halibut 75,190 2.01 2.43 Lobster 83,180 3.72 3.09 Tuna 50,779 1.87 1.97 (a) Compute a price relative for each type of seafood. (Round your answers to one decimal place.) Seafood Price Relative Halibut Lobster Tuna L (b) decimal place.) pute a weighted aggregate price index for the seafood catch. (Round your answer to 2009 = Comment on the change in seafood prices over the nine-year period. (Enter your percentage as a positive value. Round your answer to one decimal place.) Seafood prices have increased by % over the 9-year period according to the index.00 00 00 00 0 ies/snapshot.aspx es with the most l consumption. affect between ts each year. of which over a aber of college eath, or health health prob- ou find n(A)? in the is listed in ell. 2014 5 358,079 198,770 173,096 117,298 104,633 98,854 97,246 92,162 87,604 62,409 bularity popu- 97. Identity theft is now one of the most costly crimes in the United States, and younger adults are often affected. Of 251,000 identity theft complaints made to the FTC in 2015, over 30% of the victims were under the age of 30. The following charts show types of identity theft fraud reported in 2015 and the percentage of victims by age. Types of Identity Theft Fraud Reported in 2015 Employment fraud 3.3% Source: ftc.gov 35 30 Loan fraud 3.5% Bank fraud 5.9% 25 20 15 10 5 0 Utilities/ phone fraud 9.9% 5 Other 19.2% 14 Credit card fraud 15.8% Percentage of Victims by Age bad 109 16 20 24 Government documents/benefits 49.2% 21 Under 20 20-29 30-39 40-49 50-59 60 & over (a) List the set of the two types…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…
- The amount of time adults spend watching television is closely monitored by firms because this helps to determine advertising pricing for commercials. Complete parts (a) through (d). C (a) Do you think the variable "weekly time spent watching television" would be normally distributed? If not, what shape would you expect the variable to have? A. The variable "weekly time spent watching television" is likely skewed right, not normally distributed. O B. The variable "weekly time spent watching television" is likely symmetric, but not normally distributed. O C. The variable "weekly time spent watching television" is likely skewed left, not normally distributed. O D. The variable "weekly time spent watching television" is likely normally distributed. O E. The variable "weekly time spent watching television" is likely uniform, not normally distributed. (b) According to a certain survey, adults spend 2.45 hours per day watching television on a weekday. Assume that the standard deviation for…In a student survey, fifty-two part-time students were asked how many courses they were taking this term. The (incomplete) results are shown below: Please round your answer to 4 decimal places for the Relative Frequency if possible. # of Courses Frequency Relative Frequency Cumulative Frequency 1 19 19 2 0.2885 3 18 0.3462 52 What percent of students take exactly two courses?_______ %your car is more crowded than you think. table 5.8 reports results from a 1969 personal transportation survey on "home-to-work" trips in metropolitan areas. The survey stated that the average car occupancy was 1.4 people. check that calculation.