Question
(a) The following table gives the number employed by each group of employees and the average salary for the groups. Group of Employees 2017 2018
- (a) The following table gives the number employed by each group of employees and the
average salary for the groups.
Group of Employees | 2017 | 2018 | ||
Average Salary ($000s) | No. Employed | Average Salary ($000s) | No. Employed | |
A | 130 | 60 | 145 | 75 |
B | 260 | 40 | 280 | 60 |
C | 330 | 25 | 340 | 25 |
D | 780 | 8 | 785 | 10 |
Calculate the weighted aggregate price index for year 2018 using year 2017 employment pattern (2017 as base year). Interpret the value. (4 marks)
- Give your answers to 3 decimal places where necessary in this question.
- Quarterly sales (in thousand dollars) of a handbag shop over 4 years are shown in the table. Find the missing values a, b, c, d, e, f, g, h and i (in thousand dollars). (4.5 mark)
-
x
Year
Quarter
Sales
4 Quarter-MA
Seasonal Difference
1
2014
1
123
-
-
2
2
384
-
-
3
3
315
257.125
57.875
4
4
126
292.000
-166.000
5
2015
1
284
324.125
-40.125
6
2
502
353.250
148.750
7
3
454
378.875
75.125
8
4
220
421.125
-201.125
9
2016
1
395
477.500
-82.500
10
2
729
522.500
206.500
11
3
678
a
f
12
4
356
b
g
13
2017
1
549
c
h
14
2
801
d
i
15
3
760
e
16
4
534
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