Paper 4: Fundamentals of Business Mathematics & Statistic
6.40 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Correlation and Regression 4992 51840 12 18252 186624 12 − = − 4992 4 ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 6.41 SELF EXAMINATION QUESTION Problem 1. For a given set of data, the fol ...
6.42 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Correlation and Regression (i) write down the two regression lines (i ...
INTRODUCTION An index number is a ‘relative number’ which expresses the relationship between two variables or two groups of vari ...
7.2 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers (4) Index numbers help to measures the Purchasing Power ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.3 Index Numbers Unweighted Weighted Simple Simple average Weighted Weigh ...
7.4 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers Solution: Index Number using Arithmetic Mean of Price Re ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.5 Where Σp 0 = total of prices of all commodities of base year Σp 1 = to ...
7.6 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers Table : Construction of Price Index Commodities P 0 P 1 ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.7 = Σ × Σ 01 1 1 0 1 P pqp q 100 Dorbish and Bowley’s Method This method ...
7.8 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers Disadvantage This method does not take into account the ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.9 (iii) Bowley’s Index Number Σ + Σ =Σ Σ × + = × = + × = × = 1 0 1 1 P 0 ...
7.10 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers When Arithmetic Mean is used for averaging weighted rel ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.11 Computation of Price Index using geometric mean Items p 0 p 1 q 0 P = ...
7.12 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers = Σ (^01) Σ P PV V =36224.1316.5 =114.45 7.4 QUANTITY I ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.13 Fisher ‘ideal’ Method = Σ × Σ × Σ Σ 01 1 0 1 1 0 0 0 1 Q q p q pq p ...
7.14 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers The consumer price index is also known as cost of livin ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.15 Example 6 : An enquiry into the budgets of the middle class families ...
7.16 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Index Numbers Unit Test - This test requires that the index number f ...
FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 7.17 × = Σ × Σ ×Σ × Σ = = Σ Σ Σ Σ 01 10 1 0 1 1 0 1 0 0 0 0 0 1 1 1 1 0 p ...
«
13
14
15
16
17
18
19
20
21
22
»
Free download pdf