Question
If the price of tea increases by 50%, what percent
should the consumption be cut down to keep the spending constant?Answer should be rounded off to the nearest integer.Solution
ATQ,
Initial price = Rs. 100m, consumption = n
Initial expenditure = 100mn
New price = 150m
New consumption = 100mn ÷ 150m = 100n ÷ 150
Decrease = n - (100n ÷ 150) = 50n ÷ 150
Required percent = (50n ÷ 150) ÷ n × 100 = 5000 ÷ 150 ≈ 33%
In a 3 races, 2 genders and 5 in each treatments group for two -way ANOVA, the degree of freedom for source of variation due to interaction, error and ...
If the third quartile of the following data set 7,10,7,8,9 is 9.5, then the value of quartile deviation is:
Completely Randomized Design provides maximum number of degree of freedom for the:
The null hypothesis in ANOVA one-way classification, the study of the variances due to k different sources, is:
If the population kurtosis of the observations 16,12,6,2,4,10 is 1.7414, then population kurtosis of the 8,6,3,1,2,5 is
These seventh decile (D7) of data set 4, 3, 10, 9, 1 is
The average working hours per month of the staff aged over 50 years in a factory were 160 and that of the staff aged under 50 years were 210. The mean ...
The following observations 14, 19, 17, 20, 25 constitute a random sample from an unknown population with mean u and standard deviation σ.
The...
If A and B are mutually exclusive, the general addition rule is: