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Assumptions
The figures known are assumed to be a normal series, that is a series without any violent, unexplained fluctuations in the values. The period intervening the points of known data and the point for which an estimate is required is also considered to be a normal period.
For instance, when we require the interpolation of the population figure for the year 1985, we assume that between 1981 and 1985 there have been no cause for sudden jumps or declines in population such as war, flood, famine, cyclone and the like.
It is also presumed that the increases and decreases take place only at a uniform rate.
For instance, if the population in 1981, was 700 million and in 1991, 850 million, it is assumed that the accretion to the population has taken place at a steady growth rate.
Mona purchased one and a half pounds of turkey at the deli for $6.90. What did she pay per pound? Divide the cost of the turkey by the weight; $6.90 ÷ 1.5 = $4.60.
For the layman, a "function" indicates a relationship among objects. A function provides a model to describe a system. Economists refer to deman
Consider this. You have four units A, B, C and D. You are asked to select two out of these four units. How do you go about this particular task? Will your methodo
Product and Quotient Rule : Firstly let's see why we have to be careful with products & quotients. Assume that we have the two functions f ( x ) = x 3 and g ( x ) = x 6 .
problem to understand an problem; f(X-2)=X+3 / X-4
A car travels at a rate of (4x2 - 2). What is the distance this car will travel in (3x - 8) hours? Use the formula distance = rate × time. Through substitution, distance = (4x2
A juicer is available for 3500 cash but was sold under installment plan where the purchaser agreed to pay 1500 cash down and 3 equal quarterly installments. If the dealer charges i
Illustration In a social survey whether the main reason was to establish the intelligence quotient or IQ of resident in a provided area, the given results were acquired as tab
What is a review technique? What are its advantages and disadvantages?
3.6 in a fraction
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