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What is Chain Based Index Numbers?
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Two people are 50 feet separately. One of them begin walking north at rate so that the angle illustrated in the diagram below is changing at constant rate of 0.01 rad/min. At what
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A baseball card was worth $5.00 in 1940. It doubled in value every decade. How much was it worth in 2000?
1. Let S be the set of all nonzero real numbers. That is, S = R - {0}. Consider the relation R on S given by xRy iff xy > 0. (a) Prove that R is an equivalence relation on S, an
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The hole set of irrational and rational numbers is the set of real numbers and is representing by R. Thus, the real numbers can also be describe in terms of position of a point on
Function notation: Next we have to take a rapid look at function notation. Function notation is nothing more than way of writing the y in a function which will let to simplify not
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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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