Answer:
The consumer price index for 2015 on Planet Econ is 1.25
Explanation:
The formula for computing the consumer price index is given below:
= (Total cost in the current year) ÷ (total cost in the base year)
where,
Total cost in the current year equals to
= (Base year book quantity × current year book price) + (base year hamburgers quantity × current year hamburgers price)
= 10 books × $30 + 25 hamburgers × $3
= $300 + $75
= $375
we use the base year quantity for computing the total cost for the current year.
And, the Total cost in the base year equals to
= (Base year book quantity × base year book price) + (base year hamburgers quantity × base year hamburgers price)
= 10 books × $25 + 25 hamburgers × $2
= $250 + $50
= $300
Now put these values to the above formula
So, the answer would be
= $375 ÷ $300
= 1.25
Hence, The consumer price index for 2015 on Planet Econ is 1.25
Answer:
The correct answer for option (a) is $1.15 and for option (b) is $1.33.
Explanation:
According to the scenario, the given data are as follows:
Present value (PV) = $1
Rate of interest (R) = 1.18% per month
Time period (for option a) (t1)= 12 months
Time period ( for option b) (t2)= 24 months
So, we can calculate the future value by using following formula:
FV = PV × ( 1 + R )^t
(a). By putting value in the formula:
FV = $1 ( 1 + 0.0118)^12
= $1 × 1.1511610877
= $1.15
FV = PV × ( 1 + R )^t
(b). By putting value in the formula:
FV = $1 ( 1 + 0.0118)^24
= $1 × 1.32517184983
= $1.33
The given statement " It is unwise to take a questionnaire designed for online administration and simply let the questionnaire design system present it in mobile device form " is TRUE
Explanation:
A survey is a research tool consisting of a series of questions (or other types of inquiries) to collect data from respondents.
In 1838, the Statistical Society of London invented the questionnaire. Even if questionnaires are often used to evaluate the answers objectively, this is not always the case.
Smartphone System Model Surveys. Launch Fresh. Five minutes is the average time usage communicates with a mobile app, so mobile studies are relevant in a period of 8 to 10 minutes.
The Middle East ( Syria , Iraq, Iran, Africa)
