Additional Mathematics Project Work 2013

Name Class

: Ainul Azmila Binti Ahmad : 5 Berlian

I/C Number : 960821-56-5278 Teacher School : Puan Haslinda Binti : Sek. Men. Sains Kuala Selangor

Objective
The aims of carrying out project work are: To apply and adapt a variety of problem-solving strategies to solve problems. To improve thinking skills. To promote effective mathematical communication. To develop mathematical knowledge through problem solving in a way that increases students interest and confidence. To use the language of mathematics to express mathematical ideas precisely. To provide learning environment that stimulates and enhances effective learning. To develop positive attitude towards mathematics.

Acknowledgement
First and foremost, I would like to thank Allah that finally, I have succeeded in finishing this project work. Also, I would like to thank my beloved Additional Mathematics teacher, Pn. Haslinda for all the guidance she had provided me during the process in finishing this project work. I also appreciate her patience in guiding me completing this project work. I would like to give a thousand thanks to my father, Ahmad Bin Loman and my mother, Siti Zaitun Binti Harun for giving me their full support in this project work, financially and mentally. They gave me moral support when I needed it. I would also like to give my thanks to my fellow friends who had helped me in finding the information that Im clueless of, and the time we spent together in study groups on finishing this project work. Last but not least, I would like to express my highest gratitude to all those who gave me the possibility to complete this coursework. I really appreciate all the help I got. Again, thank you very much.

Contents

No.

Content

Page

1.

Objective

2.

Acknowledgement

3.

Introduction

4.

Part 1

5.

Part 2

6.

Part 3

7.

Further Exploration

8.

Reflection

9.

References

Introduction

About history of early price indices, no clear consensus has emerged on who created the first price index. The earliest reported research in this area came from Welshman Rice Vaughan who examined price level change in his 1675 book A Discourse of Coin and Coinage. Vaughan wanted to separate the inflationary impact of the influx of precious metals brought by Spain from the New World from the effect due to currency debasement. Vaughan compared labour statutes from his own time to similar statutes dating back to Edward III. These statutes set wages for certain tasks and provided a good record of the change in wage levels. Vaughan reasoned that the market for basic labour did not fluctuate much with time and that a basic labourers salary would probably buy the same amount of goods in different time periods, so that a labourers salary acted as a basket of goods. Vaughans analysis indicated that price levels in England had risen six to eightfold over the preceding century while Vaughan can be considered a forerunner of price index research, his analysis did not actually involve calculating an index. In 1707 Englishman William Fleetwood created perhaps the first true price index. An Oxford student asked Fleetwood to help show how prices had changed. The student stood to lose his fellowship since a fifteenth century stipulation barred students with annual incomes over five pounds from receiving a fellowship. Fleetwood, who already had an interest in price change, had collected a large amount of price data going back hundreds of years. Fleetwood proposed an index consisting of averaged price relatives and used his methods to show that the value of five pounds had changed greatly over the course of 260years. He argued on behalf of the Oxford students and published his findings anonymously in a volume entitled Chronicon Preciosum.

Reflection

After spending seconds, minutes, hours, days and weeks to finish this project and also sacrificing my time to play and read magazines, there are several things that I can say:

Dear Additional mathematics, You do shine bright like a diamond, Lighting up the darkest night, Every day you brighten up my day; Dear Additional mathematics, Who says, who says you're not perfect Who says youre not worth it Who says youre the only one thats hurting Trust me thats the price of beauty Who says youre not pretty Who says you're not beautiful, who says?

You, are like the greatest gift from God, Thank you God, I feel so grateful that I had given the chance, To get to know and solve you; Dear Additional Mathematics, I love you.

References

1. http://www.malaysia-students.com/2012/05/additional-mathematics-addmath-project.html

2. http://www.bumigemilang.com/?cat=239

3. http://www.scribd.com/doc/33733411/Project-Add-Math-2010-IndexNumber-Complete