Given the following data:Year|Weekly take-homeConsumerpay (wagesprice index2007109.5112.82008112.8118.22009116.4127.42010125.08138.22011135.4143.52012138.1149.8(i) What was the real average weekly wage for eachyear?(ii) In which year did the employees have the greatestbuying power?(iii) What percentage increase in the weekly wages forthe year 2012 is required (if any) to provide thesame buying power that the employees enjoyed inthe year in which they had the highest real Wages.

Answered: Image /qna-images/answer/49500a7d-ee50-4548-ba3b-44a30d22e492.jpg

Answered: Given the following data: Year |Weekly…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Given the following data : Year: 1992 1993 1994 1995 1996 1997 1998 Weekly take home Pay (Rs.): 105 110 115 125 135 140 145 Consumer Price index : 113 118 127 138 144 150 160 (i) What was the real average of weekly pay for each (ii) In which year did the employee have the greatest buying power ? (iii) What percentage increase in the weekly pay for the year 1998 is require (if any) to compensate him with the purchasing power in the yearda his highest real pay ? year
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) Item 2009 2011 2009 2011 A 1,500 1,800 7.50 7.55 B 2 1 650.00 1,500.00 (a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative A ? B ? (b)Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. I2011 = ?? (c)Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period. I2011 = ?? (d)Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period. I2011 = ??
b) The share prices of a company in Mumbai and Kolkata markets during the last ten months are recorded below: Month Mumbai Kolkata January 105 108 February 120 117 March 115 120 April 118 130 May 130 100 June 127 125 July 109 125 August 110 120 September 104 110 October 112 135 Determine the arithmetic mean and standard deviation of prices of shares. In which market are the share prices more stable?
From the data given below, using the simple average of price relative comput: (i) Index number for 1998 with 1995 as the base and (ii) Index number for 1995 with 1998 as the base. Comment upon the result, if any. Price Items Unit 1995 1998 6. Rice Dal Ghee kg kg kg 15 20 40 50
53. Calculate seasonal index numbers from the following data : RATIO OF OBSERVED TO TREND VALUES (%). Year II IV 2012 108 130 107 93 2013 86 120 110 91 2014 92 118 104 88 2015 78 100 94 78 2016 82 110 98 00 86 2017 X3 If the sales of goods X by a firm in the first quarter of 2018 are worth Rs. 2,00,000, determine how much worth of the goods should be kept in stock by the firm to meet the demand in each of the remaining three quarters of 2018 by using the seasonal index numbers calcuiated above. 106 118 105 98
Provide an appropriate chart for the following data
The following table shows the average monthly production of coal in tonnes for the Year Production Year Production (in tonnes) (in tonnes) 50.0 38.1 36.5 43.0 2010 2011 2012 2013 2014 44.5 38.9 2015 2016 2017 2018 2019 32.6 41.7 41.1 33.8 year 2010-2019. a) Compute the price indices from 2010 to 2019 by taking 2019 as the base year. Compare the price of 2014 and 017. c) What is the percentage (%) change in the production from 2016 to 2019?
Amex PLC has gathered following information on the sales of face mask from April 2020 to September 2020. Month Sales ($) April 17,000 May 18,000 June 19,500 July 22,000 August 21,000 September 23,000 You are required to; a. Using linear trend equation forecast the sales of face masks for October 2020. b. Calculate the forecasted sales difference if you use 3-period weighted moving average designed with the following weights: July 0.2, August 0.3 and September 0.5.
6. The Motion Picture Association of America reports a drop-off of video disc sales. The data in the table below shows consumer spending on video discs (DVD, Blue-ray, and UltraHD Blu-ray) in the United States in the years 2015-2018. Year Consumer Spending on video discs (in billions of dollars) 2015 9.1 2016 8.0 2017 6.8 2018 5.8 (a) What was the average rate of change in consumer spending from 2015 to 2018? (Be sure to include units.) (b) Use the average rate of change calculated above to predict consumer spending on video discs in 2020?
The table below represents the monthly unemployment rates in the US from January of 2005 through May of 2016. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2005 5.3% 5.4% 5.2% 5.2% 5.1% 5.0% 5.0% 4.9% 5.0% 5.0% 5.0% 4.9% 2006 4.7% 4.8% 4.7% 4.7% 4.6% 4.6% 4.7% 4.7% 4.5% 4.4% 4.5% 4.4% 2007 4.6% 4.5% 4.4% 4.5% 4.4% 4.6% 4.7% 4.6% 4.7% 4.7% 4.7% 5.0% 2008 5.0% 4.9% 5.1% 5.0% 5.4% 5.6% 5.8% 6.1% 6.1% 6.5% 6.8% 7.3% 2009 7.8% 8.3% 8.7% 9.0% 9.4% 9.5% 9.5% 9.6% 9.8% 10.0% 9.9% 9.9% 2010 9.7% 9.8% 9.9% 9.9% 9.6% 9.4% 9.5% 9.5% 9.5% 9.5% 9.8% 9.4% 2011 9.1% 9.0% 9.0% 9.1% 9.0% 9.1% 9.0% 9.0% 9.0% 8.8% 8.6% 8.5% 2012 8.2% 8.3% 8.2% 8.2% 8.2% 8.2% 8.2% 8.1% 7.8% 7.8% 7.8% 7.9% 2013 7.9% 7.7% 7.5% 7.5% 7.5% 7.5% 7.3% 7.2%…
From the following data compute the consumer price Index for the year 1998 w.r.t. the price level of 1997. Food Items Food Rent Clothing Fuel Weight Percentage of increase in prices over the price of 1997 Misc. 7.5 2 2.5 Rice Whe Pul 3 1 50 60 40 20 30
10 (11) Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel, May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1,476 1,482 Total Rooms 1,800 1,900 What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year Previous Year c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value = Using a level of significance, what is your conclusion? We ______ that there has been an increase in the hotel occupancy rate. d. What is the 95 %confidence interval estimate of the change in occupancy for the one-year period (to 4 decimals)? ___ to ___

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