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Tests for an Ideal Index Number
1. Factor Reversal Test
Factor Reversal Test indicates that when the price index is multiplied along with a quantity index that is factors are reversed, it should result in the value index.
2. The time reversal test
If we reverse the time subscripts of a quantity or price index, the result must be reciprocal of the original index.
how to explain this strategy? how to do this strategy in solving a problem? can you give some example on how to solve this kind of strategy.
IN THIS WE HAVE TO ADD THE PROBABILITY of 3 and 5 occuring separtely and subtract prob. of 3 and 5 occuring together therefore p=(166+100-33)/500=233/500=0.466
A 20-foot light post shows a shadow 25 feet long. At the similar time, a building nearby casts a shadow 50 feet long. determine the height of building? a. 40 ft b. 62.5 ft
max z=3x1+2x2 s.t x1+2x2 3x1+2x2>=6 x1+4x2 x1,x2,x3>=0
1. A psychologist developed a test designed to help predict whether production-line workers in a large industry will perform satisfactorily. A test was administered to all new empl
The Addition Rule: Mutually Exclusive Events P(A or B or C) = P(A) + P(B) + P(C) This can be represented by the Venn diagram as follows:
There is a list of the forces which will act on the object. Gravity, F g The force because of gravity will always act on the object of course. Such force is F g = mg
Expected opportunity loss or EOL method EOL method is aimed at minimizing the expected opportunity loss or OEL. The decision maker chooses the strategy along with the minimum e
Trig function
Q. Describe the Laws of Sines? Ans. Up to now we have dealt exclusively with right triangles. The Law of Sines and the Law of Cosines are used to solve oblique triangles
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