Price Price Index Year (USS per ounce) (Base = 2018) I2018 =? 2018 1328 2019 1294 Iz019 =? 2020 1562 I2020 =? 2021 1949 I2021 =? (a) Calculate all the simple price indexes by using 2018 as the base (h) from 2020 to 021
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- The price of wheat (per kg) is given for the vears 1964 to 1973. Calculate simple index numbers using insmeo i) 1964 as base year ii) average of the prices for the first five years as base iii) average of the prices of all the 10 years as base Year Price (Rs.) Year 1969 Price (Rs.) 27 1964 1965 1966 20 28 18 23 1970 1971 30 1967 32 24 25 1972 1973 1968 33Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table 3-2 to measure the consumer price indexfor 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places.Suppose the index of prices received by date farmers in Oman for 2008 was 1.04 and the base year of this index was 1999. Then: (a) Relative to 1999, fam prices were 104% higher in 2008 (b) Relative to 2008, fam prices were 4% higier in 1999 (c) Relative to:2008, farm prices were 104% higher in 1999 fRelative to 1999, farm prices were 4% higher in 2008
- Calculate the following values for the permutations and combinations. a. P b. På 4 C. Co d. C 3/1 e. C1⁰ 10The number of users of a certain website (in millions) from 2004 through 2011 follows. Year Period Users (Millions) 2004 1. 2005 2 2006 11 2007 4 57 2008 146 2009 6. 359 2010 7 609 2011 846 (a) Construct a time series plot. 900 900 900 - 900 - 800 800 800 - 800 - 700 700 700- 700 - 600 600 600 600 500- 400- 500 500 500- 400 400 400 - 300- 300 300- 300 - 200- 100- 200 200- 200 100- 100- 100 2 4 6. 8 10 4 6 8 10 8 10 2. 4 6 8 10 Period Period Period Period What type of pattern exists? O The time series plot exhibits a downward linear trend. O The time series plot exhibits an upward linear trend. O The time series plot exhibits a downward curvilinear trend. O The time series plot exhibits an upward curvilinear trend. (b) Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast users (in millions). (Round your numerical values to one decimal place.) T = Millions of Users Millions of UsersConsumer Price Index SETTINGS 1960 300 280 260 240 220 200 180 160 140 120 100 80 60 40 20 Price Then ($) Price Now ($) GRAPH 1960 Year 1965 1970 1975 Show Transcribed Text 10.00 10.00 1984 1980 Reset 2016 1982-1984 = 100.00 1984 1985 1990 PRICE CALCULATIONS CPI = 105.30 1984 Price Then $10.00 1995 2000 Price Now $4.39 (CPI data not seasonally adjusted. Source: BLS) $22.79 O No, because the real value of her hourly wage has stayed the same. O No, because the real value of her hourly wage has fallen from $27.81 to $25.11. O Yes, because the real value of her hourly wage has risen from $25.11 to $27.81. O Yes, because she is earning more dollars per hour. $10.00 Year 2005 2010 2015 2020 a) How much would a worker have to be paid per hour in 2016 to keep her real wage the same as in 1980 if she earned $10 per hour in 1980? Instructions: Round your answer to two decimal places. $ b) A worker earned $10 a hour in 1980 and $14 an hour in 1990. Using the interactive tool to convert each of…
- K Real-Time Data Analysis Exercise What Are Dollars from the Past Worth Today? Compare how many dollars are needed today to match the purchasing power of dollars in the past. The Consumer Price Index (CPI) for August 2023 was 306.269 and the CPI for August 1988 was 119.000. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis The value in August 2023 of $1,500 paid in August 1988 is $. (Round your response to two decimal places)FORCASTING using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349 Apr-20 2468 May-20 2532 Jun-20 3127 Jul-20 3288 Aug-20 3285 Sep-20 2485 Oct-20 2723 Nov-20 1835 Dec-20 1894 Consider five years of monthly profit for a company Forecast monthly sales for 2022…FORCASTING using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349 Apr-20 2468 May-20 2532 Jun-20 3127 Jul-20 3288 Aug-20 3285 Sep-20 2485 Oct-20 2723 Nov-20 1835 Dec-20 1894 Consider five years of monthly profit for a company Plot the data and discuss its…
- FORCASTING using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349…FORCASTING using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349…Refer to the table below: Year 1950 1960 1970 1980 1990 2000 2010 2020 Participation Rates (Age 16 and Older) Men 86.4 83.3 79.7 77.4 76.4 74.7 71.2 69.2 Women 33.9 37.7 43.3 51.5 57.5 60.0 58.6 57.4 Instructions: Round your responses to one decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Between 1980 and 2020, by how many percentage points did the labor force participation rate of a. men change? b. women change?
