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Retail price index
This is weighted average of price relatives based on an average household in the base year. The items consumed are divided into groups as liker food, transport, housing, alcoholic drinks, fuel, footwear, light, water, services household goods, e.t.c. all item involved in the index is described a weighting and a price relative to the base is calculated. Modified form of laspeyre's price index formula is utilized as a weighted arithmetic mean (a.m.) of price relatives.
Retail Price index
The index is utilized by the Government as a guide in finding the minimum wages, pension rates unemployed benefits in UK. Trade unions employ, it as a basis for their wages claims.
Two circles touch internally at a point P and from a point T on the common tangent at P, tangent segments TQ and TR are drawn to the two circles. Prove that TQ = TR. Given:
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what is 3 divided by 4
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The student council bought two various kinds of candy for the school fair. They purchased 40 pounds of candy at $2.15 per pound and x pounds at $1.90 per pound. What is the total n
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