The simple index for the four years by using 2010 as base period and to interpret the index.

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Answer 1

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Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Chapter 17, Problem 1.2SR

(a)

To determine

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

(b)

To determine

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

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Answer 2

Question

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Chapter 17, Problem 1.2SR

(a)

To determine

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

(b)

To determine

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

Expert Solution & Answer

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Answer 3

Question

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Chapter 17, Problem 1.2SR

(a)

To determine

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

(b)

To determine

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Chapter 17, Problem 1.2SR

(a)

To determine

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

(b)

To determine

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

Expert Solution & Answer

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Answer 5

Chapter 17, Problem 1.2SR

(a)

To determine

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

(b)

To determine

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

Answer 6

Chapter 17, Problem 1.2SR

(a)

To determine

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

Answer 7

Chapter 17, Problem 1.2SR

(a)

To determine

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

Answer 8

(b)

To determine

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

Answer 9

(b)

To determine

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 17 - Prob. 1.1SR Ch. 17 - Prob. 1.2SR Ch. 17 - Prob. 1E Ch. 17 - Prob. 2E Ch. 17 - Prob. 3E Ch. 17 - Prob. 4E Ch. 17 - Prob. 2SR Ch. 17 - Prob. 5E Ch. 17 - Prob. 6E Ch. 17 - Prob. 7E

The simple index for the four years by using 2010 as base period and to interpret the index.

To find: The simple index for the four years by using 2010 as base period and to interpret the index.

To find: The simple index for the four years by using the average of 2010 and 2012 as base period and to interpret the index.

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Chapter 17 Solutions