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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.
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break even analysis problem and solutions
The alternative hypothesis When formulating a null hypothesis we also consider the fact that the belief may be found to be untrue thus we will refuse it. Therefore we formula
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Kenny used a micrometer to measure the thickness of a piece of construction paper. The paper measured halfway among 0.24 millimeters and 0.25 millimeters. What is the thickness of
Q. What is the probability of tossing a head? List the sample space for tossing a coin once. What is the probability of tossing a head? Solution: If you tossed a coin once
A man sold an item for Rs 6,750 at a loss 25%. What will be the selling price of same item if he sells it at a profit of 15%?
f(x)=x^2-5x+6, determine inverse of f(x)!
Exponential and Geometric Model Exponential model y = ab x Take log of both sides log y = log a + log b x log y = log a + xlog b Assume log y = Y and log a
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