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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.
Product Rule If the two functions f(x) & g(x) are differentiable (i.e. the derivative exist) then the product is differentiable and,
Example of Rounding Off: Example: Round off the subsequent number to two decimal places. 6.238 Solution: Step 1: 8 is the number to the right of t
how to select out time for m2
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express each logariths in terms of log3 P and log3 Q. 1. log3 P^2 Q^3
3x+2y=6 x-y=7
What is Congruent Angles in Parallel Lines ? Postulate 4.1 (The Parallel Postulate) Through a given point not on a line there is exactly one line parallel to the line. T
Coal is carried from a rrrine in West Virginia to a power plant in New York in hopper cars on a long train. The automatic hopper car loader is set to put 36 tons of coal in each ca
A 125-foot tower is located on the side of a mountain that is inclined at 32° to the horizontal. A guy wire is to be fitted to the top of the tower and anchored at a point 55 feet
A motor boat takes Six hours to cover 100 km downstream and 30 km upstream. If the motor boat goes 75 km downstream and returns back to its starting point in 8 hours, find the sp
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