i) Price relative is an index number that compares prices of a given commodity for a given period in relation to its price in another period.
ii) Fixed base method compares prices of a commodity for a given period in relation to price of the commodity in a base period.
iii) In chain base method, the base is the price of the previous period. It is not fixed to a particular period
iv) Weighted index number is one that appropriate weights have been added to reflect relative importance of commodities. This makes index numbers be reliable.
v) Quantity index number is one that shows the change from one period to the other of quantities involved.
Wilfykil answered the question on February 20, 2019 at 10:13
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In brand switching between different toothpastes named Closed-up CU, Cols-gate CG and Aquas-fresh AF, the state transition matrix below is obtained for a particular month.
Required:
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Date posted: February 20, 2019. Answers (1)
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iii) Absorbing state.
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Date posted: February 20, 2019. Answers (1)
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Required:
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Date posted: February 20, 2019. Answers (1)
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Required:
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ii) Determine the minimum time and minimum cost for the networks.
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Date posted: February 20, 2019. Answers (1)
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Due to hard economic times and restriction by City Council, sales...(Solved)
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Required:
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iii) Positive correlation.
iv) Confidence interval.
v) Auto correlation
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A technician is chosen from the above group. What is the probability that his wages are?
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Date posted: February 20, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)
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Required:
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Date posted: February 20, 2019. Answers (1)
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ii) Technical coefficients.
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Date posted: February 20, 2019. Answers (1)