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- The prices of agricultural commodities for 1946-47 and for the inonth of Dece:mber 1950 are given below along with the value of the output of hese commodities in 1946-47: Value of outptl in million (Rs.) Prices ELIII Commodities Unit 1946-47 (Rs.) Dec. 1950 (Rs.) (1946-47) 13.75 9-70 8364 Rice Wheat Jowar maund таund 13-75 9.70 2207 6:03 8.00 876 maund 466 00 433.00 701 Cotton (raw) Tea Ibs. 1:25 1:75 534 Ibs. Calculate the weighted index mumber of prices of these commodities for December 1950 taking 1946-47 as base.I have collected real data on the sale of a microwavable cup of soup across 20 different cities for the same time period (a month). The variables in the dataset are: Quantity sold in the city for that month: Measured in thousands of units Price: measured in dollars Average Income in the city: Measured in thousands of dollars Ads: Average number of ads run in stores for that city during that month. Price of a substitute product: measured in dollars Population of the city: measured in thousands of people The dataset is on Canvas and, using Excel or any other statistical software, please answer the following questions: 1. Describe the patterns in quantity sold and own and rival prices during this time period using basic descriptive statistics. Graphs are welcome as well. 2. Take the logs of the variables, and estimate the demand function. a. Interpret the R-square. b. Interpret the coefficients for logP and logPsub c. Interpret the p-values associated with each independent…14. Solve the bacteria-nutrition problem when the given data are as in the following table and the nutrients are supplied daily in amounts of 900 units of N₁, 750 units of №₂, and 1250 units of N₁.The answer states the number of each type of bacterium to be inserted in the culture. N₁ N₂ N3 B₁ 2 1 3 B₁ 1 3 1 B₂ 5 1 7
- 1. Instruction: For each of the following variables, indicate whether it is qualitative or quantitative. For quantitative variables, further categorize them into the discrete or continuous type. (a) Gender (b) Hospital bed capacity. (c) Blood glucose level (in mg/100 mL) (d) Systolic blood pressure (e) Height (in centimeter) (f) Blood type (g) Per capita income (h) Household size (i) Mid-upper arm circumference (in centimeter) () Region (k) Pulse rate (I) Civil statusMartha’s Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company’s controller, Mathew Knight, has recently completed a cost study of the firm’s material-handling department. Knight used work measurement to quantify the department’s activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company’s loading dock. Knight compiled the following data. 1. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the variable- and fixed-cost components in the company’s material-handling department costs. Note: Round the Variable-cost component to 2 decimal places and the Fixed-cost component to the nearest whole dollar amount. Fixed-cost component = Variable-cost component =Assuming an M/M/1 system setup with a service rate of 25 entities per hour and an idling ratioof 4% Define the system’s birth rate. Define at least two ways of arriving at the number of entities in the system. Define the ratio of the time an entity spends waiting and the time the entity spends in thesystem?
- A psychologist would like to examine the effects of different testing methods on the final performance of college students. One group has regular quizzes, one group has three large exams, and the third group only has a final exam. At the end of the course, the psychologist interviews each student to get a measure of the student's overall knowledge of the material. Do these data indicate any significant differences among the three methods? Do the following computations: a. Compute and report the F Ratio at a a = .05 b. Compute and report the Tukey's HSD to determine exactly which methods are significantly different. Quizzes 4 6 3 7 T = 20 SS = 10 Exams 1 4 5 2 T = 12 SS= 10 Final Only 0 2 0 2 T=4 SS=4 G=36 EX² = 164 ✩Suppose the following table represents world oil production in millions of barrels a day for a recent period of time. Complete parts a and b. Region Oil Production (millions of barrels a day) Iran 6.97 Saudi Arabia 8.76 Other OPEC countries 21.77 Non-OPEC countries 53.53 Question content area bottom Part 1 a. Compute the percentage of values in each category. Region Oil Production (millions of barrels a day) Percentage Iran 6.97 enter your response here% Saudi Arabia 8.76 enter your response here% Other OPEC countries 21.77 enter your response here% Non-OPEC countries 53.53 enter your response here% (Round to two decimal places as needed.) Part 2 b. What conclusions can you reach concerning the production of oil in the specified time period? Oil production by non-OPEC countries accounted for ▼ less than a quarter more than half slightly less than half more than three dash quarters of total oil production. Oil production by OPEC countries other than Iran…Cholesterol Testing. A large health care organization uses three laboratories for the routine analysis of blood samples. It is important that the three labs provide equivalent test results. To check that, blood samples are obtained from 10 randomly selected individuals; each blood sample is then divided into three blood subsamples of equal volume; and then the three blood subsamples from each person are sent to different labs. For this problem, the analysis is confined to assessing the measurement of the total cholesterol level for a person. The data are in the following table.
- Please do not give solution in image format thankuYour daughter is wasting my husband's money by trying to collect 6 rare photocards from a foreign album. Calculate the average number of albums she needs to buy in order to get all the 6 collectibles. Use the three trials shown below for your simulation.(Note: Treat the data vertically, and in order).According to a report by the U.S. Environmental Protection Agency (EPA), containers and packaging generated about 34.6% of all municipal solid waste (MSW) in the country in a recent year. This was the largest category of such waste. The next highest group was nondurable goods, which accounted for 25.4 % of waste. This was followed by durable goods at 10.9%, yard trimmings/other at 13.4%, and food scraps at 15.7%. Suppose last year, one large midwestern U.S. city processed 303 (1,000 tons) of MSW broken down by waste type as follows: Waste Type Containers and Packaging Nondurable Goods Durable Goods Yard Trimmings/Other Food Scraps MSW (1,000 tons) 129 73 28 45 28 Determine if there is a significant difference between the distribution of municipal solid waste in this midwestern city and the distribution released by the EPA a. Specify the hypotheses. Ho HA b. Calculate the test statistic and p-value. Round intermediate calculations to AT LEAST 4 decimal places and final answers to 3…