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
The accompanying table pertains to scheduled commercial carriers for a certain country. The third year was an anomaly. If the
anomalous numbers are removed from the data for the third year (4 of the 7 fatal accidents and 261 of the 531 fatalities
were anomalous), which of the three measures for fatalities change and what are their new values for each of them?
Click the icon to view the commercial carrier data for the country.
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Select the correct choice below and, if necessary, fill in the answer box to complete your choice.
(Simplify your answer. Type an integer or a decimal. Do not round.)
OA. The new median is
The mean and mode remain the same.
The median and mode remain the same.
OB. The new mean is
OC. The new mode is
D. The mean, the median, and the mode all remain the same.
The mean and the median remain the same.
The following are the cystatin C levels (mg/L) for the patients described in Exercise 15 (A-17).Cystatin C is a cationic basic protein that was investigated for its relationship to GFR levels. In addition, creatinine levels are also given. (Note: Some subjects were measured more thanonce.)
Cystatin C (mg/L) Creatinine (mmol/L)
1.78
4.69
0.35
0.14
2.16
3.78
0.30
0.11
1.82
2.24
0.20
0.09
1.86
4.93
0.17
0.12
1.75
2.71
0.15
0.07
1.83
1.76
0.13
0.12
2.49
2.62
0.14
0.11
1.69
2.61
0.12
0.07
1.85
3.65
0.24
0.10
1.76
2.36
0.16
0.13
1.25
3.25
0.17
0.09
1.50
2.01
0.11
0.12
2.06
2.51
0.12
0.06
2.34Source: D. M. Z. Krieser, M.D. Used with permission.(a) For each variable, compute the mean, median, variance, standard deviation, and coefficient ofvariation.(b) For each variable, construct a stem-and-leaf display and a box-and-whisker plot.(c) Which set of measurements is more variable, cystatin C or creatinine? On what do you baseyour answer?
that question from…
Chapter 17 Solutions
Statistical Techniques in Business and Economics
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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Similar questions
- The following are the cystatin C levels (mg/L) for the patients described in Exercise 15 (A-17).Cystatin C is a cationic basic protein that was investigated for its relationship to GFR levels. Inaddition, creatinine levels are also given. (Note: Some subjects were measured more than once.)Cystatin C (mg/L) Creatinine (mmol/L)1.78 4.69 0.35 0.142.16 3.78 0.30 0.111.82 2.24 0.20 0.091.86 4.93 0.17 0.121.75 2.71 0.15 0.071.83 1.76 0.13 0.122.49 2.62 0.14 0.111.69 2.61 0.12 0.071.85 3.65 0.24 0.101.76 2.36 0.16 0.131.25 3.25 0.17 0.091.50 2.01 0.11 0.122.06 2.51 0.12 0.062.34Source: Data provided courtesy of D. M. Z. Krieser, M.D.(a) For each variable, compute the mean, median, variance, standard deviation, and coefficient ofvariation.(b) For each variable, construct a stem-and-leaf display and a box-and-whisker plot.(c) Which set of measurements is more variable, cystatin C or creatinine? On what do you base youranswer?arrow_forwardFrom 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 30arrow_forward
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