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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.
Describe Order of Operations with example? The order of operations is a set of rules that describe the order in which math operations are done. Try doing this math problem:
Objectives After studying this unit, you should be able to briefly describe the developmental stages of children's thinking and learning processes; assess the levels
6.3/o.21
How far will a bowling ball goes in one rotation if the ball has a diameter of 10 inches? (π = 3.14) 1. 78.5 in 2. 31.4 in 3. 62.8 in 4. 15.7 in 2. The circumfere
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Illustrates that each of the following numbers are solutions to the following equation or inequality. (a) x = 3 in x 2 - 9 = 0 (b) y = 8 in 3( y + 1) = 4 y - 5 Solution
A house painter uses the formula, c = $110.50 + $39.50h, where c is the total cost and h is the number of hours he works, to determine how much he charges his customers. How much s
Statistical inference This is the process of drawing conclusions about attributes of a population based upon information contained in a sample or taken from the population.
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