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Define the following terms as used in index numbers.
- Base period.
- Retail price index.
- Quality Index.
(Solved)
Define the following terms as used in index numbers.
- Base period.
- Retail price index.
- Quality Index.
Date posted:
May 28, 2021
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Answers (1)
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The table below shows the price relatives of consumer goods in a certain economy and the proportion of total expenditure allocated to the goods for...
(Solved)
The table below shows the price relatives of consumer goods in a certain economy and the proportion of total expenditure allocated to the goods for the years 2008 and 2009.
Date posted:
May 28, 2021
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Answers (1)
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The table below shows the weights and index numbers of business activities in a certain economy.
(Solved)
The table below shows the weights and index numbers of business activities in a certain economy.
Date posted:
May 28, 2021
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Answers (1)
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State 3 reasons why the fishers ideal index is preferable to the other indices.
(Solved)
State 3 reasons why the fishers ideal index is preferable to the other indices.
Date posted:
May 28, 2021
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Answers (1)
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Explain 4 factors that should be considered in the construction of index numbers.
(Solved)
Explain 4 factors that should be considered in the construction of index numbers.
Date posted:
May 28, 2021
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Answers (1)
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The data below shows the weights and index numbers of six commodities in a given country.
(Solved)
The data below shows the weights and index numbers of six commodities in a given country.
Date posted:
May 28, 2021
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Answers (1)
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State 2 factors that might necessitate the shifting of the base of an index number.
(Solved)
State 2 factors that might necessitate the shifting of the base of an index number.
Date posted:
May 28, 2021
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Answers (1)
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The following data relate to a set of products sold in Kongowea Market for the years 2012 and 2013.
(Solved)
The following data relate to a set of products sold in Kongowea Market for the years 2012 and 2013.
Date posted:
May 28, 2021
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Answers (1)
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Outline the limitations of index numbers.
(Solved)
Outline the limitations of index numbers.
Date posted:
May 28, 2021
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Answers (1)
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The following distribution shows the age of a sample of 500 residents of Maendeleo Town.
(Solved)
The following distribution shows the age of a sample of 500 residents of Maendeleo Town.
Date posted:
May 28, 2021
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Answers (1)
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The following data relate to revenue earned by 2 hardware firms X an Y in the year 2009.
Required.
i) The coefficient of variation of each hardware...
(Solved)
The following data relate to revenue earned by 2 hardware firms X an Y in the year 2009.
Required.
i) The coefficient of variation of each hardware firm.
ii) Comment on the results obtained in (i) above.
Date posted:
May 28, 2021
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Answers (1)
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The table below shows the distribution of monthly salaries of 300 employees of Faidika Limited.
(Solved)
The table below shows the distribution of monthly salaries of 300 employees of Faidika Limited.
Date posted:
May 28, 2021
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Answers (1)
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The managing director of Munene Wholesalers has received complaints from the trade union that the monthly salaries of his employees at the various retail outlets...
(Solved)
The managing director of Munene Wholesalers has received complaints from the trade union that the monthly salaries of his employees at the various retail outlets vary widely. The accountant of the firm has provided the data below with respect to the two largest retail outlets as follows.
Date posted:
May 28, 2021
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Answers (1)
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Outline two advantages of the geometric mean as a measure of central tendency.
(Solved)
Outline two advantages of the geometric mean as a measure of central tendency.
Date posted:
May 28, 2021
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Answers (1)
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The following data relates to the distance covered , the time taken and the petrol consumed by 50 salesmen working for Void Machinery Supplies Ltd....
(Solved)
The following data relates to the distance covered , the time taken and the petrol consumed by 50 salesmen working for Void Machinery Supplies Ltd. over a six month period during the year 2011.
Date posted:
May 28, 2021
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Answers (1)
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The growth rates in enrolment of students at Coast University College for the last five years are given below.
(Solved)
The growth rates in enrolment of students at Coast University College for the last five years are given below.
Date posted:
May 28, 2021
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Answers (1)
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The table below shows the distribution of the numbers of orders received by a supplier on a weekly basis.
(Solved)
The table below shows the distribution of the numbers of orders received by a supplier on a weekly basis.
Date posted:
May 28, 2021
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Answers (1)
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An investor intends to invest either of two stocks A and B listed on the securities exchange of your country.
(Solved)
Date posted:
May 27, 2021
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Answers (1)
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The following data show the number of tourists bookings per week at two coastal beach hotels.
(Solved)
The following data show the number of tourists bookings per week at two coastal beach hotels.
Date posted:
May 27, 2021
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Answers (1)
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Describe the following types of means
i) Arithmetic mean
ii) Geometric mean
iii) Harmonic mean
(Solved)
Describe the following types of means
i) Arithmetic mean
ii) Geometric mean
iii) Harmonic mean
Date posted:
May 27, 2021
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Answers (1)