Q. 25Construct Fisher's Index number of the following dataBase YearCurrent YearCommodity Price QuantityPriceQuantityA5010B1012.C543

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Answered: Q. 25 Construct Fisher's Index number…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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*. For the following data, the Fisher's quantity index number for current year is Base year Current year Соmmodity Quantity Price Оuantity Price 6. 8. ii 8. 3 10 iii 12 10 iv 8. 6. (A) 112.88 (B) 111.88 (C) 122.88 (D) 101.88. 424 79
Calculate approximately to 3 decimal places the composite quantity index for all three stocks for theperiod 2008 to 2011. A. 1.322B. 1.323C. 1.223D. 1.232
A famous Chinese restaurant would like to find out the change in demand on its dim-sum. After checking its purchase records in 2020 and 2021, the restaurant collected the data as follows: 2020 2021 Items Price ($) Quantity Price ($) Quantity Shrimp Dumpling 10 60 12 69 Spring Roll 7 51 62 Chicken Feet 8 73 9 77 (a) Using 2020 as the base year, calculate the Laspeyres Price Index of 2021. (b) Using 2020 as the base year, calculate the Paasche Price Index of 2021. (c) Using the result in part (a) and (b), calculate the Fisher Price Index of 2021.
The table below gives detail of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 as base. Consumption saiue 1995 ($) Commodity Rice Wheat Price per unit 1995 ($) Price per unit 1997 ($) 40 800 400 760 1,100 48 25 27 oil 95 105 120 100 Fish 110 Milk 80 480
Construct index number of price from the following data byapplying: Bowley’s method 2016 2016 2017 2017 Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13
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The Paasche method uses the amounts consumed in the base period, qo, as weights to determine a price index. True or False True False
H3. 1. A new outlet is being planned with an allocated budget of $50,000 per month for advertising and planned average price of $10.00 per pizza. Estimate the monthly sales (number of pizzas) of this outlet.
John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)
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Q1. The number of products newly listed with SHOPEE in each quarter over the last four years is given. Calculate the seasonal index values. Year Quarter 1 2 3 4 1 73 81 76 77 2 89 87 85 92 3 123 115 108 131 4 92 93 87 101

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Q. 25 Construct Fisher's Index number of the following data Base Year Current Year Commodity Price Quantity Price Quantity A 4 50 10 40 B 10 12. C 2 3