The following table provides information on the number of claims (in 1 000s), as well as the average value of claims (in R 1000) for the year 2003 and 2006 at a certain medical aid. Type of claim 2003 2006 Number of claims Average claim Number of claims Average claims G.practitioners 22 42 32 56 Medicine 55 120 78 158 Dental 16 190 26 180 Specialist 36 220 28 260 Hospitalisation 18 360 20 420 Find the Paasche quantity indices for 2006 with 2003 as the base period for the claims of the medical aid company.

Q: A person aged 30 buys a whole life insurance policy with the following death benefits: $50,000 if…

A: Given the death benefits of a whole life insurance policy as 1. $50,000 if death occurs between age…

Q: Estimate the profits for the year 1973 from the data given below : Year 1971 1972 1974 Profit (in…

A:

Q: From the data given below, construct the index number for the year 2013 on the base Commodities Unit…

A:

Q: Using Paasche's formula compute the quantity index for the year 1983 with 1975 as base. Commodity…

A: Introduction - Paasche's index -This method was devised by a German statistician Paasche in1874.The…

Q: Which of the following variables is considered to be qualitative? O method of payment (e.g., cash or…

A: A variable is any characteristic that is being measured.

Q: Which of the following statements belong/s to the area of descriptive statistics? a. An economist…

A: As per our guidelines we are supposed to answer only one question per post so I am solving first…

Q: Order:   Cefazolin 1,000 mg IV x one dose Supply:   Cefazolin 1gram, reconstitute with 3.7 mL to…

A:

Q: The monthly wags and cost of living index numbers for each year 1995 to 2000 are given below: Year…

A:

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A:

Q: Round 0.000537 to two significant figures

A:

Q: The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The…

A: The data values are given below:SymbolCompanyPrice ($) as of 12/31/2020Yield as of…

Q: Compute by Fisher's formula the Quantity Index Number from the data given below. 1974 Total Value…

A:

Q: Order:   Mandol 500 mg IM Supply:   Mandol 1 gram, reconstitute with 3 mL sterile water to yield 285…

A:

Q: Use the following price information for selected items for 2010 and 2018. Production figures for…

A: We have to calculate value index

Q: The Paasche method uses the amounts consumed in the base period, qo, as weights to determine a price…

A: Every method to determine price index, use different weights.

Q: From the following data calculate the cost of living index number using the geometric Means.

A:

Q: The following data represents annual expenditure on a product (Y), annual income (X₁) and the price…

A:

Q: What is the type of the variable "The total number of calls made by a salesperson in a month"? O a.…

A: Each variable measured using the four measurement. Type of measurments are ordinal, nominal, ratio…

Q: Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base…

A: Let p0 be the base year(2000) prices and p1 be the current year prices(2009)  The price relative is…

Q: From the following details, calculate net profit ratio: Particulars 1,00,000 6,000 70,000 10,000…

A:

Q: All discrete quantitative variables can be thought of as counting the number of something. True…

A: If a random variable can only take on a countable number of values, it is discrete; the values of…

Q: part, of the population of interest.

A: A population is a distinct group of individuals, whether that group comprises a nation or a group of…

Q: An international textile company's North America Division must decide which type of fabric cutting…

A: As per the question, we are presented with two options for a textile company's North America…

Q: |Тахаble Non- Тахable Amount $89.00 $122.00 Sales Amount Paid Total Amount Paid Amount Tax Rate in…

A:

Q: Use the beginning-of-the-year price per unit as the base-period price and develop a weighted…

A:

Q: 6. If uz = 4.2 and oz = 0.10, what is the percent of a value being below 4?

A: Given that:   X¯~N( μx¯=4.2 , σx¯ =0.10)

Q: If the annual earning per share for MRF is $ 1.6, yesterday closing price $ 7.9. Find PE ratio. O…

A:

Q: a manufacturing process that produces a critical component for an aerospace application. The…

A: The provided information is as follows:The mean reliability of the components produced is .The…

Q: Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base…

A: Price Relative:

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: Let us solve above problem using the relevant formulae.

Q: Scott Confectionery sells its Stack-o-Choc candy bar for $0.8. The variable cost per unit for the…

A: Detailed explanation mentioned below

Q: Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold…

A: (a) as we know sales=real output×price according to question sales increase from $110 million to…

Q: Determine whether the variable is categorical or numeric. If the variable is numeric, determine…

A: A variable is said to be numerical if it takes numerical values to which arithmetic operations are…

Q: Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base…

A: An index number is the measure of change in a variable  over time. Index numbers are one of the most…

Q: Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base…

A: Let situation 0 be the Base Period and Situation 1 be the Current Period. Let No be the no. of…

Q: Assuming that all net sales figures are at retail and all cost of goods sold figures are at cost,…

A:

Q: (a) The PE ratio is approximately (Simplify your answer. Round to one decimal place as needed.)

A: