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Q. Show Frequency Tables?
Ans.
A frequency table is used to show how often a piece of data occurs.
Example: Michelle decides to keep track of the number of phone calls she gets in one week. She records the information in a frequency table. Find the mean number of phone calls Michelle receives in a day.
Solution: The mean is given by
The mean number of phone calls Michelle receives in one day is 6.5.
(a) Derive the Marshalian demand functions and the indirect utility function for the following utility function: u(x1, x2, x3) = x1 1/6 x2 1/6 x3 1/6 x1≥ 0, x2≥0,x3≥ 0
What is 2 5 ? 2 5 = 2 ×2 ×2 ×2 ×2 = 32
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