Illustration 13.11. From the following data relating to workingclass consumer price index of a city calculate Index Number for 1972and 1973.GroupWeightIndicesGroup19721973Food48110130ClothingFuel and Light1201257110120Room Rent13100100Miscellaneous14115135

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Answered: Illustration 13.11. From the following…

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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Problem 1P

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For number 1-6: A cost-of-living index measures the relative cost of living over time or regions. The following data pairs represent the cost of living index for grocery items (A) and health care (B) of the grouped urban areas. Groceries 99 97 110 97.3 114 99 71 91 109 120 127 98 115 105.9 96 8=12.55 S=G.44 1. What is the mean cost of living index for health items? A. 99.82 B. 72.68 C. 106.21 D. 101.34 2. Is the mean cost of living index for grocery higher than the mean cost of living index for health? A. Yes. B. No C. Cannot be determined 3. What is the absolute computed t-value? 2.88 A. B. 1.16 C. 1.34 A. D. 1.89 4. Given the tabulated t-2.306 at 5% level of significance, is the difference significant? A. Yes B. No 5. What is the decision to the problem? A. Accept Ho B. Reject Ho 6. What is the conclusion to the problem? A. 106 96.8 98 There is no significant difference in the mean cost of living indices for grocery and health. B. There is a significant difference in the mean cost of…

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Illustration 13.11. From the following data relating to working class consumer price index of a city calculate Index Number for 1972 and 1973. Weight Indices 1973 Group Group 1972 Food 130 125 48 110 Clothing Fuel and Light 120 7 110 120 Room Rent 13 100 100 Miscellaneous 14 115 135