EP STATISTICS F/BUS.+ECON.-ACCESS 18 WK
13th Edition
ISBN: 9780135960912
Author: MCCLAVE
Publisher: PEARSON CO
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Chapter 14.1, Problem 14.13ACI
Weekly earnings for workers. The table in the next column lists the
a. Compute a simple index for the weekly earnings of male workers over the period 2007-2015. Use 2007 as the base year. Do the same for women workers.
b. Plot the two simple indexes on the same graph and interpret the results.
c. Compute a simple composite index for male and female weekly earnings over the 2007-2015 period. Use 2007 as the base year.
d. Plot the simple composite index on a graph and interpret the results.
| Year | Men | Women |
| 2007 | 700 | 614 |
| 2003 | 798 | 638 |
| 2003 | 810 | 657 |
| 2010 | 824 | 670 |
| 2011 | 831 | 683 |
| 2012 | 854 | 641 |
| 2013 | 861 | 706 |
| 2014 | 870 | 710 |
| 2015 | 894 | 726 |
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Chapter 14 Solutions
EP STATISTICS F/BUS.+ECON.-ACCESS 18 WK
Ch. 14.1 - Explain in words how to construct a simple index.Ch. 14.1 - Explain in words how to calculate the following...Ch. 14.1 - Explain in words the difference between Laspeyres...Ch. 14.1 - The table below gives the prices for three...Ch. 14.1 - Refer to Exercise 14.4. The next table gives the...Ch. 14.1 - Annual median family income. The table below lists...Ch. 14.1 - Annual U.S. craft beer production. While overall...Ch. 14.1 - Quarterly single-family housing starts. The...Ch. 14.1 - Spot price of natural gas. The table shown in the...Ch. 14.1 - Employment in farm and nonfarm categories....
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