Purchase Solution

Statistics: Index Numbers

Not what you're looking for?

Ask Custom Question

Use the period 1990-1992 as the base period and compute a SIMPLE index of domestic sales for each year from 1996-1999, and do the same for the number of employees for this same period.

Year Domestic International Employees
1990 5427 5805 82.2
1991 6248 6199 82.7
1992 6903 6850 84.9
1993 7203 6935 81.6
1994 7812 7922 81.5
1995 9190 9652 82.3
1996 10899 10721 89.3
1997 11895 10935 91.1
1998 12848 11147 94.3
1999 15385 12086 97.8

See data in attached file:

Attachments
Purchase this Solution
Solution Summary

The solution calculates index numbers.

Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

View More Free Quizzes
Related BrainMass Solutions

  • Economic Indicators:Definition/Performance

    Retrieved from http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm Bureau of Labor Statistics. (2012). Consumer Price Index. Retrieved from http://www.bls.gov/cpi/ Bureau of Labor Statistics. (2012). Current Employment Statistics.

  • What is an index

    Forecasting is never independent of index; in fact they come together most of the time. In statistics, there is a study called regression analysis, and this specific allows people to predict the future using data.

  • International Trade

    An import price index measures changes in the prices of imports of merchandise into a country. The index numbers for each reference period relate to prices of imports landed into the country during the period.

  • Statistical Analysis of Defective Items

    Are the mean and standard deviation of these numbers changing over time? If so, how do you explain the trends? b. What trends do you notice in the numbers of commercial banks by region?

  • Regression Equation

    For instance , for QI, we use 15/3=5 For QII, we use 38/3=12.667 The Grand Mean is (15+38+28+11)/(3+3+3+3)=7.667 So, the index for each quarter can be got by Index=Mean/Grand mean 1.

  • Calculate the unemployment rate for 2007. Compute the CPI.

    Now, to find the unemployment rate, plug the numbers into the formula: Unemployment Rate = (500/12,000)*100 = 4.2 percent.

  • important economic measures

    If we look at the data released by Bureau of Labor Statistics, the Producer Price Index for Finished Goods rose 1.1 percent in December 2010, seasonally adjusted.

  • Consumer Price Index for Current and Past Value

    In 1995, the cost of gasoline was 120.5 cents per gallon. 1 Use the CPI numbers for the corresponding years in the following manner: 113.6 / 163.0 = 0.70 Answer: $0.70 2 Use the CPI numbers for the corresponding years in the following manner:

  • Uniform Crime Reports System and Inadequacies

    UCR Crime Index. 440 word essay with reference The Uniform Crime Reports is a lengthy report utilized by law enforcement agencies as a resource/index to report crime statistics.

View More Related Solutions