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What is Chain Based Index Numbers?
The larger of two supplementary angles exceeds the smaller by 180, find them. (Ans:990,810) Ans: x + y = 180 0 x - y = 18 0 -----------------
A 1500 gallon tank primarily holds 600 gallons of water along with 5 lbs of salt dissolved into it. Water enters the tank at a rate of 9 gal/hr and the water entering the tank has
Mathematical Problem Solving In 1945, mathematician George Polya (1887-1985) published a book titled How To Solve It in which he demonstrated his approach to solving problems.
what is 8x6 is
Marginal Probability Probability of event A happening, denoted by P(A), is called single probability, marginal or unconditional probability. Marginal or Uncondi
Regression - Measures of Relationships - It is a concept that refers to the changes which happen in the dependent variable as a result of changes happens on the independent va
What is minimum spanning tree? Determine a railway network of minimal cost for the cities in the following graph using Kruskal's algorithm. Ans: Minimum spanning tree in a con
story of faicing problem when customer purchasing a product
Business Applications In this section let's take a look at some applications of derivatives in the business world. For the most of the part these are actually applications wh
A certain flight arrives on time 78% of the time. Suppose 1000 flights are randomly selected. Use the normal approximation to the binomial to approximate the probability that a)
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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