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ADDITIONAL MATHEMATHICS
2010
Work 4
Objectives........................................
Introduction……………………………….
Part 1…………………………………………
Part 2…………………………………........
Part 3………………………………………..
Further exploration………………….
Reflections……………………………….
Conclusion………………………………..
By the 18th century, the term " statistics" designated the collection of
demographic systematic and economic data by states. In the early
19thcentury, the meaning of "statistics" broadened, then including the
discipline concerned with the collection, summary, and analysis of
data. Today statistics is widely employed in government, business, and
all the sciences. Electronic computers have expedited statistical
computation, and have allowed statisticians to develop "computer
-intensive" methods.
Today the use of statistics has broadened far beyond its origins.
Individuals and organizations use statistics to understand data and
make informed decisions throughout the natural and social sciences,
medicine, business, and other areas. Statistics is generally regarded
not as a subfield of mathematics but rather as a distinct, albeit allied,
field. Many universities
Maintain separate mathematics and state stick departments. Statistics
is also taught in departments as diverse as psychology, education, and
public health.
Index Number
Index numbers are today one of the most widely used statistical
indicators. Generally used to indicate the state of the economy, index
numbers are aptly called µbarometers of economic activity. Index
numbers are used in comparing production, sales or changes exports
or imports over a certain period of time. The role-played by index
numbers in Indian trade and industry is impossible to ignore. It is a
very well known fact that the wage contracts of workers in our country
are tied to the cost of living index numbers.
1. Establishes trends
Index numbers when analyzed reveal a general trend of the
phenomenon under study. For eg. Index numbers of unemployment of
the country not only reflects the trends in the phenomenon but are
useful in determining factors leading to unemployment.
4. Deflates time series data Index numbers play a vital role in adjusting
the original data to reflect reality. For example, nominal
income(income at current prices) can be transformed into real
income(reflecting the actual purchasing power) by using income
deflators. Similarly, assume that industrial production is represented in
value terms as a product of volume of production and price. If the
subsequent years industrial production were to be higher by 20% in
value, the increase may not be as a result of increase in the volume of
production as one would have it but because of increase in the price.
The inflation which has caused the increase in the series can be
eliminated by the usage of an appropriate price index and thus making
the series real.
1. Price Index
The most frequently used form of index numbers is the price index. A
price index compares charges in price of edible oils. If an attempt is
being made to compare the prices of edible oils this year to the prices
of edible oils last year, it involves, firstly, a comparison of two price
situations over time and secondly, the heterogeneity of the edible oils
given the various varieties of oils. By constructing a price index
number, we are summarizing the price movements of each type of oil
in this group of edible oils into a single number called the price index.
The Whole Price Index (WPI). Consumer Price Index (CPI) are some of
the popularly used price indices.
2. Quantity Index
A quantity index measures the changes in quantity from one period to
another. If in the above example, instead of the price of edible oils, we
are interested in the quantum of production of edible oils in those
years, then we are comparing quantities in two different years or over
a period of time. It is the quantity index that needs to be constructed
here. The popular quantity index used in this country and elsewhere is
the index of industrial production (HP). The index of industrial
production measures the increase or decrease in the level of industrial
production in a given period compared to some base period.
3. Value index
The value index is a combination index. It combines price and quantity
changes to present a more spatial comparison. The value index as
such measures changes in net monetary worth. Though the value
index enables comparison of value of a commodity in a year to the
value of that commodity in a base year, it has limited use. Usually
value index is used in sales, inventories, foreign trade, etc. Its limited
use is owing to the inability of the value index to distinguish the effects
of price and quantity separately.
The prices of good sold in shops are vary from one shop to another.
Shoppers tend to buy goods which are not only reasonably priced but
also give value for their money. I had carried out a survey on four
different items based on the following categories which is food,
detergent and stationery. The survey was done in three different
shops. Informations below shows the results from my research.
Question (a)
Question (b)
• DATA
Answer:
Answer:
Liquid Dishwasher
Mean = 18.9+17+16.5
____________
3
= 17.47
Standard Deviation
= √18.9²+17²+16.5²
________
3
=0.97
QUESTION (a )
QUESTION (b)
Answer:
I= P1
____ x 100
P0
1.00 0.36
X 100 x 100
0.90 0.35
=111.11 = 102.86
3.50 1.37
X 100 x 100
3.30 1.25
= 106.06 = 109.60
(ii) Composite index
5+4+5+6
= 107.74
(iii)
On 2009, RM 15.00
On 2010, suitable price is :
X
__ x 100 = 107.74%
15
X x 100 = 107.74 x 15
X = 1616.10
100
X = 16.20
Thus, the suitable price for the butter cake for the year 2010 is RM
16.20. The increase in price is also suitable because of the rise in the
price of the ingredients.
Question (c)
(iii) My class intends to sponsor one air conditioner for the school
library. The calculation below is to find how many butter cakes
we must sell in order to buy the air conditioner.
1800
_____ = 180.54 = 181
9.97
Table 3
COMPOSITE INDEX
= 115(12)+100(5)+115(3)+100(2)+100(6)+115(8)+130(4)
_____________________________________________
12+5+3+2+6+8+4
= 4465
_____
40
=111.625
The total price for the year 2010 increase by 111.625%. This is
because some price in the year 2009 increased in the year 2010.
(c) The change in the composite index for the estimate budget for
the carnival from the year 2009 to the year 2010 is the same as
the change from the year 2010 to the year 2011. Below are the
calculation to determine the composite index of the budget for
the year 2011 based on the year 2009.
I(2011) =124.60
I(2009)
The Air Quality Index (AQI) (also known as the Air Pollution Index (API)
or Pollutant Standard Index (PSI) is a number used by government
agencies to characterize the quality of the air at a given location. As
the AQI increases, an increasingly large percentage of the population is
likely to experience increasingly severe adverse health effects. To
compute the AQI requires an air pollutant concentration from a monitor
or model. The function used to convert from air pollutant concentration
to AQI varies by pollutant, and is different in different countries. Air
quality index values are divided into ranges, and each range is
assigned a descriptor and a color code. Standardized public health
advisories are associated with each AQI range. An agency might also
encourage members of the public to take public transportation or work
from home when AQI levels are high.
The AQI can worsen (go up) due to lack of dilution of air emissions by
fresh air. Stagnant air, often caused by an anticyclone or temperature
inversion, or other lack of winds lets air pollution remain in a local area.
Indices by location
South Korea
Malaysia
The air quality in Malaysia is reported as the API or Air Pollution Index.
Four of the index's pollutant components (i.e., carbon monoxide,
ozone, nitrogen dioxide and sulfur dioxide) are reported in ppmv but
PM10 particulate matter is reported in g/m³.
Unlike the American AQI, the index number can exceed 500. Above
500, a state of emergency is declared in the reporting area. Usually,
this means that non- essential government services are suspended,
and all ports in the affected area closed. There may also be a
prohibition on private sector commercial and industrial activities in the
reporting area excluding the food sector.
CAI Description Health implication
0-50 good None
Types of indices
Stock market indices may be classed in many ways. A 'world' or
'global' stock market index includes (typically large) companies
without regard for where they are domiciled or traded. Two examples
are MSCI World and S&P Global 100.
A national index represents the performance of the stock market of a
given nation²and by proxy, reflects investor sentiment on the state of
its economy. The most regularly quoted market indices are national
indices composed of the stocks of large companies listed on a nation's
largest stock exchanges, such as the American S&P 500, the Japanese
Nikkei 225, and the British FTSE 100.
Index versions
Some indices, such as the S&P 500, have multiple versions. These
versions can differ based on how the index components are weighted
and on how dividends are accounted for. For example, there are three
versions of the S&P 500 index: price return, which only considers the
price of the components, total return, which accounts for dividend
reinvestment, and net total return, which accounts for dividend
reinvestment after the deduction of a withholding tax. As another
example, the Wilshire 4500 and Wilshire 5000 indices have five
versions each: full capitalization total return, full capitalization price,
float-adjusted total return, float-adjusted price, and equal weight. The
difference between the full capitalization, float-adjusted, and equal
weight versions is in how index components are weighted
As everyone can see, the air pollution index is use by the government
to measure the quality of air index and to detect any pollutants in our
country air. This is to ensure the air is clean and safe for us it inhale.
Besides that, an early warning can be given to us if the air pollution is
too high for us to get out of our homes. This warning is given based
upon readings and interpretations of the air index.
After spending countless hours, days and night to finish this project
and also sacrificing
After spending countless hours, days and night to finish this project
and also sacrificing I can say...
Additional Mathematics...
From the day I had born...
From the day I was able to holding pencil...
From the day I start learning...
And...
From the day I heard your name...
I always thought that you will be my greatest obstacle and rival in
Excelling
in my life...
But after countless of hours...
Countless of days...
Countless of nights...
After sacrificing my precious
time just for you...
Sacrificing my play Time..
Sacrificing my Chatting...
Sacrificing my Facebook...
Sacrificing my internet...
Scarifying my Anime...
Scarifying my Movie…
I realized something really important in you