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What is Chain Based Index Numbers?
Alexis needs to paint the four exterior walls of a large rectangular barn. the length of the barn is 80 feet the width is 50 feet and the height is 30 feet. The pain costs 28 dolla
Prove that the area of a rhombus on the hypotenuse of a right-angled triangle, with one of the angles as 60o, is equal to the sum of the areas of rhombuses with one of their angles
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From past experience a machine is termed to be set up correctly on 90 percent of occasions. If the machine is set up correctly then 95 percent of good parts are expected however i
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
how do you do fractions mixed numbers and how do you add and subtract fractions.
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solve the differential equation dy/dx=f(y)x^n+g(y)x^m by finding a one-parameter group leaving it invariant
1. The lifetime T (in days) of an electrical component has reliability function given by: R(t) = e -0.01t for time t > 0. An electrical system consists of four such components. Th
What percent of the figure below is shaded? Break the rectangle into eighths as shown below. The shaded part is 6/8 or 3/4; 3/4 is 75%.
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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