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The following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of
Posted: Sun Sep 05, 2021 5:21 pm
by answerhappygod
- The Following Table Indicates The Unit Prices In Rands And Quantities Of Three Goods Held In The National Warehouse Of 1 (57.28 KiB) Viewed 92 times
The following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of a DIY ("do it yourself") store for the years 2020 and 2021. 2020 2021 Unit Price (p1) Item Unit Price (po) Quantity (90) Quantity (91) R23.70 30 R27.70 45 Mineral spirits 10mm spanner 25mm brush R49.00 60 R65.00 50 R58.00 30 R63.00 40 Using 2020 as the base year, compute the price relatives in 2021 for the 10mm spanner and the 25mm brush. Interpret your answers. Again, using 2020 as the base year, compute the Paasche price index for all of the items for 2021. Interpret your answer. Experience has shown that the value of orders placed by customers of Class Act Pty is normally distributed, with an average order value (u) of R1 150, and a standard deviation (C) of R115. A sample of 135 orders is randomly selected. Determine the standard error for this sample. What is the probability that the mean value of the orders in the sample is less than R1 155? Interpret your answer. Note:All Answers must be typed out and workings must be showed