In calculating cost of living index number, the weights usedwere : Food 8 18, Rent 2, Clothing 32, Fuel and Light 1 andMiscellaneous 2. Calculate the index number in the case of datawhere the percentage increases in the prices of the variousitems in 2017 over prices of 2016 were 40, 75, 60, 35, and 80respectively.

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Answered: In calculating cost of living index…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Please show steps in Excel. The 32 teams in the National Football League (NFL) are worth, on average, $1.17 billion, 5% more than last year. The datafile NFLTEAMVALUE shows the annual revenue ($millions) and the estimated team value ($ millions) for the 32 NFL teams (Forbes website, February 28, 2014). a.Develop a scatter diagram with Revenue on the horizontal axis and Value on the vertical axis. Does there appear that there is any relationship between the two variables? b. What is the sample correlation coefficient? What can you say about the strength of the relationship between Revenue and Value? Team Revenue ($ millions) Current Value ($ millions) Arizona Cardinals 253 961 Atlanta Falcons 252 933 Baltimore Ravens 292 1,227 Buffalo Bills 256 870 Carolina Panthers 271 1,057 Chicago Bears 298 1,252 Cincinnati Bengals 250 924 Cleveland Browns 264 1,005 Dallas Cowboys 539 2,300 Denver Broncos 283 1,161 Detroit Lions 248 900 Green Bay Packers 282 1,183 Houston…

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