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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.
Q. Basic Set Union Operation? Ans. Suppose instead that your school needs to know which students are taking either art or business or both. Then the students who are ta
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please help me in my assignment, explain Applications of Markov Chains in Business.
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Find out the least number of cables required to connect 100 computers to 20 printers to assurance that 20 computers can directly access 20 different printers. Justify your answer.
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