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What is Chain Based Index Numbers?
The 5% sales tax on a basket was $0.70. What was the price of the basket? Use a proportion to solve the problem; part/whole = %/100. The whole is the price of the basket (wh
what is history of Unitary method
If d is the HCF of 30, 72, find the value of x & y satisfying d = 30x + 72y. (Ans:5, -2 (Not unique) Ans: Using Euclid's algorithm, the HCF (30, 72) 72 = 30 × 2 + 12
how to find equations of circles when given equations of centres on which it lies?
-1+5-100=?
We can define the conditional probability of event A, given that event B occurred when both A and B are dependent events, as the ratio of the number of elements common in both A an
what is the perimeter of a rhombus
Tied Rankings A slight adjustment to the formula is made if several students tie and have the similar ranking the adjustment is: (t 3 - t)/12 Whereas t = number of tied
The next kind of problem seems as the population problem. Back in the first order modeling section we looked at several population problems. In such problems we noticed a single po
Find the magnitude of the following vectors: 5i+7j
A chain based index is one whereas the index is calculated every year by using the previous year as the base year. This kind of index measures rate of change from year to year. This method is appropriate where weights are changing rapidly and items are constantly being brought into the index and unwanted items taken out. This can be a quantity or price index.
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