Professional Documents
Culture Documents
Appreciation
Thank you to God for giving the will to do my additional
mathematics project. Secondly, I would like to thank the principle of
Sekolah Menengah Kebangsaan Taman Pelangi, Pn Hajah Maznah bt
Othman for giving the permission to do my Additional Mathematics
Project Work. I also like to thank my Additional Mathematics teacher,
Pn. Hanizah Mafoz for the guide and giving useful and important
information for me to complete this project work. Besides that, I
would like to thank my parents for their support and encouragement.
Lastly, a special thanks to all my friends for their help and
cooperation in searching for information and completing this project
work.
History of 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 labor 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 labor did not fluctuate
much with time and that a basic laborers salary would probably buy
the same amount of goods in different time periods, so that a laborer's
salary acted as a basket of goods. Vaughan's analysis indicated that
price levels in England had risen six to eightfold over the preceding
century.
Statistics today
During the 20th century, the creation of precise instruments for
agricultural research, public health concerns (epidemiology,
biostatistics, etc.), industrial quality control, and economic and social
purposes (unemployment rate, econometry, etc.) necessitated
substantial advances in statistical practices.
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.
Price
Category Item
Cold Storage Giant Kedai Runcit Sri Murni
1. Self-Raising Flour RM 9.99 RM 9.65 RM 10.30
2. Sugar RM 1.65 RM 1.65 RM 2.40
Food
3. Butter RM 7.49 RM 6.99 RM 7.80
4. Eggs (Grade A) RM 3.99 RM 3.89 RM 3.80
Total Price RM 23.12 RM 22.18 RM 24.30
1. Trojan RM 10.49 RM 17.49 RM 11.20
2. Fab RM 22.99 RM 14.49 RM 15.90
Detergent
3. Breeze RM 16.94 RM 13.99 RM 10.45
4. Bio Zip RM 9.99 RM 9.49 RM 11.20
Total Price RM 60.41 RM 55.46 RM 48.75
1. Pen RM 3.29 RM 2.99 RM 1.80
2. Correction Pen RM 5.29 RM 7.99 RM 4.80
Stationery
3. Stapler Clip RM 2.29 RM 1.65 RM 3.20
4. Marker RM 7.29 RM 5.99 RM4.30
Total Price RM 18.16 RM 18.62 RM 14.10
Grand Total
RM 101.69 RM 96.26 RM 87.15
(c) Record the items and their prices systematically as in Table
1. Since items maybe differently packed, be sure to use
consistent measurements for each item selected so that
comparison can be done easily and accurately.
FOOD
Detergent
RM25.00
Trojan
RM20.00
RM15.00 Fab
RM10.00 Breeze
RM5.00 Bio Zip
RM0.00
Cold Storage Giant Kedai Runcit
Sri Murni
Stationery
Pen
RM8.00
RM6.00 Correction Pen
RM4.00
RM2.00 Stapler Clip
RM0.00
Marker
Cold Giant Kedai
Storage Runcit Sri
Murni
Mean = 22.99+14.49+15.9
3
= 17.79
Standard deviation
= √(Σх2 – ( х )2
(a) I will choose the Giant. This is because the total price of the
ingredients from this shop is the lowest from the three shops.
(b)
i.
Price in the year Price in the year Price index for the year 2010
Ingredient Quantity per cake
2009 (RM) 2010 (RM) based on the year 2009 (Ι
Self-raising flour 250 g 0.9 1.1 122.22
Sugar 200 g 0.35 0.55 157.14
Butter 250 g 3.3 3.5 106.1
Eggs (Grade A) 5 eggs (300 g) 1.25 1.4 112
× 100 =122.108
15
× 100 =
122.108 × 15
= 1831.62
100
= 18.32
(c)
i. For common usage, air conditioner is rated according to horse
power (1 HP), which is approximately 850W to 1100W of
electrical power. It is suitable for a room size 1500ft3 which is
around 30m3 of volume.
ii. 7 bays
iii. 1 unit of 1HP air conditioner = RM 950
Cost for a cake = 1.1+0.55+3.5+1.4
=6.55
Selling Price = RM 23
Profit = 23-6.55
=16.45
(b)
Ī=
= 4465 = 111.625
40
The total price for the year 2010 increase by 11.625%. This is because
some price in the year 2009 increased in the year 2010.
(c)
Composite index for the year 2009 to the year 2010
=111.625
Composite index for the year 2010 to the year 2011
=111.625
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 sulphur dioxide) are reported in PM10 particulate matter is
reported in μg 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.
Stock Market Index
Index versions
Some indices, such as the S&P 500, have multiple versions. [1] 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.
Uses and importance of air pollution index and stock market index
As everyone can see, the air pollution index is use by the government to
measure the air quality index and to detect any pollutants in our country’s air.
This is to ensure the air is clean and safe for us to 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
pollution index.
As for the stock market index, it is mainly for the business entrepreneurs.
This type of index is used to determine the outcome of a stock market and also
the conclusion of a stock market. The stock market index is important because a
country’s economical state sometimes depend on it.
Conclusion
After doing research, answering questions, drawing graphs and some
problem solving, I saw that the usage of statistics and index is important in
daily life. It is not just widely used in markets but also in interpreting the
condition of the surrounding like air. Especially in conducting an air-pollution
survey. In conclusion, statistics and index is a daily life nessecities.Without it,
surveys can’t be conducted, the stock market can’t be interpret and many more.
So, we should be thankful of the people who contribute in the idea of making
statistics and index.
Reflection