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

Question

Want to see the full answer?

Answer 1

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

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

3. Please

What does the margin of error include? When a margin of error is reported for a survey, it includes a. random sampling error and other practical difficulties like undercoverage and non-response b. random sampling error, but not other practical difficulties like undercoverage and nonresponse c. practical difficulties like undercoverage and nonresponse, but not random smapling error d. none of the above is corret

solve part a on paper

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

Want to see the full answer?

Check out a sample textbook solution

See solution

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

Want to see the full answer?

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

Want to see the full answer?

Check out a sample textbook solution

See solution

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

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

Want to see the full answer?

Check out a sample textbook solution

See solution

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.

Want to see the full answer?

Chapter 17 Solutions