The following data show the gross trading profits of companies, 198792, in the UK, in m. (a)

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The following data show the gross trading profits of companies, 1987–92, in the UK, in £m.

1987 1988 1989 1990 1991 1992 61 750 69 180 73 892 74 405 78 063 77 959

(a) Turn the data into an index number series with 1987 as the reference year.

(b) Transform the series so that 1990 is the reference year.

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Statistics For Economics Accounting And Business Studies

ISBN: 978027368308

4th Edition

Authors: Michael Barrow

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Question Posted: Aug 25, 2020 08:27 AM

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The following data show the gross trading profits of companies, 198792, in the UK, in m. (a)

Question:

1987 1988 1989 1990 1991 1992 61 750 69 180 73 892 74 405 78 063 77 959

Step by Step Answer:

a To turn the data into an index number series with 1987 as the reference year we need to set the in...View the full answer

Statistics For Economics Accounting And Business Studies

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