# Assistance needed in statistics

Dec 10th, 2015
Anonymous
Category:
Accounting
Price: \$30 USD

Question description

The consumer price index:

 A. may be used to determine real disposable personal income levels. B. is an indicator of the rate of inflation in the economy. C. illustrates the extent to which purchasing power has been eroded since the base year. D. All of the above
If the average hourly earnings in mining in 1978 was \$7.67 and for the most recent month was \$14.90, what is the index of hourly earnings for the most recent month based on 1978?

 A. 100.0 B. 186.9 C. 151.5 D. 194.3
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. 469.7 B. 100.0 C. 21.3 D. 78.7
The number of items produced and the price per item for the Duffy Manufacturing Company are:

 Price Production 1990 2000 1990 2000 Shear pins (box) \$3 \$4 10,000 9,000 Cutting compound (lb.) \$1 \$5 600 200 Tie rods (each) \$10 \$8 3,000 5,000

What is the value index of production for 2000 using 1990 as the base period?

 A. 115.2 B. 72.9 C. 110.6 D. 127.1
Which index is computed using base year prices and quantities and current year prices and quantities together?

 A. Laspeyers B. Paasche C. Value D. Consumer Price
The Consumer Price Index in June 1998 was 248.4 (1982-84 = 100). What does this indicate about prices from 1982-84 to June 1998?

 A. Rose 248.4% B. Rose 548.4% C. Rose 148.4% D. Declined 148.4%

(Top Tutor) danz
School: UCLA

Studypool has helped 1,244,100 students

Review from student
Anonymous
" Outstanding Job!!!! "

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors