STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
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Chapter 17, Problem 51CE
To determine
Find and interpret the special-purpose index for 2016 using 1996 as the base period.
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39. Construct the consumer price index number for 2017 on the basis of 2016
from the following data using family budget method :
Items
Weights
Price in 2017 (Rs.)
280
Price in 2016 (Rs.)
Food
200
30
Rent
100
200
20
150
120
20
Clothing
Fuel and Lighting
50
100
10
Miscellaneous
100
200
20
Calculate the weighted price index from the following data :
Materials
required
Units
Quantity required
Price during
2014
2017
Cement
100 lb.
500 Ib.
5.0
8.0
Timber
c.ft.
2,000 c.ft
50 cwt.
9.5
14.2
Steel sheets
cwt.
34.0
42.0
Bricks
per '000
20,000
12.0
24.0
In the following, identify the data collection method used and the type of resulting data.
a. The website of Philippine Airlines provides a questionnaire instrument that can be answered electronically.
b. The Latest series of the Consumer Price Index (CPI) generated by the Philippine Statistics Authority was downloaded from PSA website.c. A reporter recorded the number of minutes to travel from one end to another of the Metro Manila Rait Transit (MR T) during peak and off-peak hours.d. Students getting the height of the plants using a meter stick.
e. PSA Enumerator conducting the Labor Force Survey goes around the country to interview household head on employment-related variables.
Chapter 17 Solutions
STAT TECH IN BUSINESS & ECON AC
Ch. 17 - Prob. 1.1SRCh. 17 - Prob. 1.2SRCh. 17 - Prob. 1ECh. 17 - Prob. 2ECh. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 2SRCh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Prob. 7E
Ch. 17 - Prob. 8ECh. 17 - Prob. 3SRCh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 4SRCh. 17 - Prob. 11ECh. 17 - Prob. 5SRCh. 17 - Prob. 6SRCh. 17 - Prob. 7SRCh. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 15ECh. 17 - Prob. 16ECh. 17 - Prob. 17CECh. 17 - Prob. 18CECh. 17 - Prob. 19CECh. 17 - Prob. 20CECh. 17 - Prob. 21CECh. 17 - Prob. 22CECh. 17 - Prob. 23CECh. 17 - Prob. 24CECh. 17 - Prob. 25CECh. 17 - Prob. 26CECh. 17 - Prob. 27CECh. 17 - Prob. 28CECh. 17 - Prob. 29CECh. 17 - Prob. 30CECh. 17 - Prob. 31CECh. 17 - Prob. 32CECh. 17 - Prob. 33CECh. 17 - Prob. 34CECh. 17 - Prob. 35CECh. 17 - Prob. 36CECh. 17 - Prob. 37CECh. 17 - Prob. 38CECh. 17 - Prob. 39CECh. 17 - Prob. 40CECh. 17 - Prob. 41CECh. 17 - Prob. 42CECh. 17 - Prob. 43CECh. 17 - Prob. 44CECh. 17 - Prob. 45CECh. 17 - Prob. 46CECh. 17 - Prob. 47CECh. 17 - Prob. 48CECh. 17 - Prob. 49CECh. 17 - Prob. 50CECh. 17 - Prob. 51CECh. 17 - Prob. 52CECh. 17 - Prob. 53CECh. 17 - Prob. 54CECh. 17 - Prob. 55CE
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