Question 1

The Bureau of the Census reported that the farm population dropped from 30.5 million in 1940 to 6.5 million in 1999. What is the index for 1999 based on 1940?

Accepted Answer

A) 469.7 
B) 100.0 
C) 21.3 
D) 78.7 
A) 469.7 
B) 100.0 
C) 21.3 
D) 78.7

Question 2

A special-purpose aggregate price index that reflects the level of stock prices in the U.S. market is the ________.

Accepted Answer

A) American Stock Exchange Index 
B) Consumer Confidence Index 
C) Customer Satisfaction Index 
D) Dow Jones Industrial Average (DJI
A)  
A) American Stock Exchange Index 
B) Consumer Confidence Index 
C) Customer Satisfaction Index 
D) Dow Jones Industrial Average (DJI
A)

Question 3

An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown in the following table.   Assuming that the number sold remained constant ,what is the weighted index of price for 2006 using 1985 as the base?

Accepted Answer

A) 206.7 
B) 214.5 
C) 48.4 
D) 46.6 
A) 206.7 
B) 214.5 
C) 48.4 
D) 46.6

Question 4

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table.   What is the Laspeyres price index?

Accepted Answer

A) 112.70 
B) 179.08 
C) 111.97 
D) 109.36 
A) 112.70 
B) 179.08 
C) 111.97 
D) 109.36

The Bureau of the Census reported that the farm population dropped from 30.5 million in 1940 to 6.5 million in 1999. What is the index for 1999 based on 1940?

A special-purpose aggregate price index that reflects the level of stock prices in the U.S. market is the ________.

An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown in the following table. Assuming that the number sold remained constant ,what is the weighted index of price for 2006 using 1985 as the base?

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table. What is the Laspeyres price index?

What Is Statistics

Describing Data: Frequency Tables, Frequency Distributions, and Graphic Presentation

Describing Data: Numerical Measures

Describing Data: Displaying and Exploring Data

A Survey of Probability Concepts

Discrete Probability Distributions

Continuous Probability Distributions

Sampling Methods and the Central Limit Theorem

Estimation and Confidence Intervals

One-Sample Tests of Hypothesis

Two-Sample Tests of Hypothesis

Analysis of Variance

Correlation and Linear Regression

Multiple Regression Analysis

Nonparametric Methods: Nominal Level Hypothesis Tests

Nonparametric Methods: Analysis of Ordinal Data

Time Series and Forecasting

Statistical Process Control and Quality Management

An Introduction to Decision Theory

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Exam 17: Index Numbers

The Bureau of the Census reported that the farm population dropped from 30.5 million in 1940 to 6.5 million in 1999. What is the index for 1999 based on 1940?

A special-purpose aggregate price index that reflects the level of stock prices in the U.S. market is the ________.

An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown in the following table. Assuming that the number sold remained constant ,what is the weighted index of price for 2006 using 1985 as the base?

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table. What is the Laspeyres price index?

What Is Statistics

Describing Data: Frequency Tables, Frequency Distributions, and Graphic Presentation

Describing Data: Numerical Measures

Describing Data: Displaying and Exploring Data

A Survey of Probability Concepts

Discrete Probability Distributions

Continuous Probability Distributions

Sampling Methods and the Central Limit Theorem

Estimation and Confidence Intervals

One-Sample Tests of Hypothesis

Two-Sample Tests of Hypothesis

Analysis of Variance

Correlation and Linear Regression

Multiple Regression Analysis

Nonparametric Methods: Nominal Level Hypothesis Tests

Nonparametric Methods: Analysis of Ordinal Data

Time Series and Forecasting

Statistical Process Control and Quality Management

An Introduction to Decision Theory

Filters