iv)The price of a Commodity for 6 years is given in the following table.Year201520162017201820192020Price2021 2328 3035Taking 2015 as base yearb)Using Chain base method.Calculate index number. (a)Show that the sum of the deviations of values from their mean is Zero: 1.3, 7.0, 3.6, 4.1, 5.0

Name: iv)The price of a Commodity for 6 years is given in the following tab
Uploaded: 2024-03-20T06:38:58.000Z
Channel: Bartleby
Description: iv)The price of a Commodity for 6 years is given in the following table.Year201520162017201820192020Price2021 2328 3035Taking 2015 as base yearb)Using Chain base method.Calculate index number. (a)Show that the sum of the deviations of values from th

iv) From the given information, Year 2015 2016 2017 2018 2019 2020 Price 20 21 23 28 30 35…

Answered: Year 2015 2016 2017 2018 2019 2020…

Math

Statistics

Year 2015 2016 2017 2018 2019 2020 Price 20 21 23 28 30 35 Calculate index number. (a) Taking 2015 as base year Using Chain base me

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Option 2: Problem Solving You wish to invest P10,000 for a period of 5 years. Which of the following…

A: The principal amount we have is ₱10000 and the time period is 5 years. Therefore, P=₱10000 t=5

Q: Find the principle value if final amount is BHD 7800 due in 7 years and 5 months if money is worth…

Q: 6. Suppose you deposit $ 20.000 in a bank for three years period which is compounded monthly under…

Q: Molly wants to buy a camping time share for $12 500. She can borrow the money at 9.6%/a compounded…

Q: by a finance company, along with the loan interest rate. Click the icon to view the data table.…

A: MonthInterest rateNumber of loans191924263630491951313682371319810229828101311

Q: find periodic interesr rate number of periods of investment 8% compounded quarterly for 9 years

A: Given information The annual interest rate r=8%. Length of investment is 9 years That is t=9 years…

Q: QUESTION THREE a) BONDO Enterprise's rent will expire in four years. The property owner only accepts…

A: (a) Given:Current rent, A=GHc 50Rate of interest, r=10%Number of times interest applied per time…

Q: Which of the following is the balance for a single $2,484 deposit in an account with an APR of 1.88%…

A: Given initial amount $2,484. Interest rate r=1.88% time t=37 years.

Q: a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal…

Q: Construct Index Number for each year from the following average annual price of cotton with 1974 as…

A: In this question we have to construct index numbers using Simple (unweighted) Aggregate method. This…

Q: Please make sure the answer is correct 100% Question1: A principal amount $1500 (P) is invested for…

Q: Select the correct choice below and 10 in the answer boxes within your choice. (Round to the nearest…

A: $13722378 more on the first investment than the second investment

Q: Tabulate all the compound interest factors and their corresponding formula (in mathematical form and…

A: Please see the answer below.

Q: If you invest $2,000 today in savings account at an interest rate of 12%, compounded annually for 7…

A: Given that, Principal =p=$2000 Rate of interest =r=12% time=n=7 years The formula for compound…

Q: Use graphical approximation techniques or an equation solver to approximate the desired interest…

A: To approximate the desired interest rate, we can use the formula for the future value of an ordinary…

Q: Find the accumulated amount after 6 years if $1,000 is invested at 10% per year, compounded: (Round…

A: By using formulaes we solve the given problem as follows :

Q: I have subimitted this question 3 times now but I do not think the answer you are providing is…

Q: If a principal of 8000 Rials is invested at an interest rate of 3 % compounded monthly, find the…

A: Given that Principal amount 8000 Interest rate 3% To find the compound interest after 4 years…

Q: Which of the following is the correct excel formula that describes the monthly payment of a loan…

A: Consider the equation

Q: According to the IRS, individuals filing federal income tax returns prior to March 31 received an…

A: d) Denote μ as the true mean refunds for the population of “last-minute” filers who mail their tax…

Q: What is the present value of an amount of ¢100 is deposited in an account at the start of the every…

A: The amount is calculated by the formulaF=P×1+inn×twhere,F== future valueP=present valuei=the…

Q: Sima invests some money in an account that earns a fixed rate of interest compounded annually The…

A: Given that, Sima invests some money in an account that earns a fixed rate of interestcompounded…

Q: Find the savings plan balance after 6 months with an APR of 4% and monthly payments of $250. The…

Q: 4. In the simple interest formula, time is always represented as what unit of time? * (1 Point) O…

Concept explainers

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence. It was invented by German mathematician Carl Friedrich Gauss.

Topic Video

Question

iv)
The price of a Commodity for 6 years is given in the following table.
Year
2015
2016
2017
2018
2019
2020
Price
20
21 23
28 30
35
Taking 2015 as base year
b)
Using Chain base method.
Calculate index number. (a)
Show that the sum of the deviations of values from their mean is Zero: 1.3, 7.0, 3.6, 4.1, 5.0

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Sequence$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

QUESTION 3 (a) Linda deposits RM 2,600 in an account when she was 15 years old. The simple interest rate offered is 4.3 % per annum. Find the simple interest earned when she is 21 years old. (b) RM 600 is invested on 5 May 2021 at a simple rate of r % per annum. The amount on 4 June 2021 using Banker's rule is RM 604.50. Find the interest rate.
Mr. Abdullah deposits OMR 5239 in a bank at an interest rate 4% compounded yearly. What is the compound interest he will receive after 2 years ? 2305.16 427.50 4599.87 42.00 871.77 Clear my choice
Kindly answer all of this please
E An tumounf & $32,240 s realted when prinepal SHOT ON itel ALDUAL CAMERA. deposited at 82 simele interest yers. find the wetue f *. Filters Add a caption.
Because simple interest is used on short-term notes, the time period is often given in days rather than months or years. We convert this to years by dividing by 360, assuming a 360 day year called a banker's year.
Calculate the index number using both the Aggregate Expenditure Method and Family Budget Method for the year 2013 with 2000 as the base year from the following : Quantity in Units in 2000 Price per Unit in 2000 ( ) Price per Unit in 2013 ( .) Commodity 100 8.00 12.00 25 6.00 7.50 10 5.00 5.25 D 20 48.00 52.00 25 15.00 16.50 30 9.00 27.00
Question 6 A machine is bought for OMR 100,000 and depreciation is charged at 8% p.a. at written down value method. What is the amount of depreciation at the end of second year? Not yet answered Marked out of O a. OMR 7360 1.00 O b. OMR7830 P Flag question O c. OMR 8000 O d. OMR 7930