Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 17, Problem 31CE
To determine

To find: Fisher’s ideal index.

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Q.3 Explain the following weighted index numbers. (a) Laspeyre's Price Index Number (b) Passche's Price Index Number
From the following data, estimate the population for the year 1996 using parabolic Example curve method of interpolation. 1981 1991 2001 2011 Year Population (in lakhs) 18 22 25 30
The 98.6 degree standard for human body temperature was derived by a German doctor in 1868. In an attempt to verify his claim, Mackowiak, Wasserman, and Levine22 took temperatures from 148 healthy peopleover a 3-day period. A data set closely matching the one in Mackowiak’s article was derived by Allen Shoemaker, and appears in the Journal of Statistics Education.23 The body temperatures for these 130 individuals are shown in the relative frequency histogram that follows. See Attachment a. Describe the shape of the distribution of temperatures.b. Are there any unusual observations? Can you think of any explanation for these?c. Locate the 98.6-degree standard on the horizontal axis of the graph. Does it appear to be near the center of the distribution?
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