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ACKNOWLEDGEMENT 
Bismillahirahmanirrahim,Alhamdulillah. Thanks to Allah SWT whom with his willing giving me the opportunity tocomplete this Additional Mathematics Project Work 4/2010 which is title Index Number In DailyLife.Firstly, I would like to express my deepest thanks to Encik Yusof, a teacher at MARAJunior Science College Langkawi and also my entire additional mathematics teacher who hadguided be a lot of task during two semesters session 2009/2010.Deepest thanks and appreciation to my parents, family, special mates of mine, and othersfor their cooperation, encouragement, constructive suggestion and full of support for the projectwork completion, from the beginning till the end. Also thanks to all of my friends and everyone,those have been contributed by supporting my work and help myself during the project work tillit is fully completed.
 
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OBJECTIVES
The aims of the project work are:
Acquir
e effe
ctiv
e ma
th
ema
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al
co
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unic
a
tion
 
throu
g
h
 
or
al a
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g, a
nd
 
to
 
us
e
th
e la
n
g
u
age
o
f ma
th
ema
tics
 
to
exp
r
e
ss
ma
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al
id
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s
 
corr
e
ct
ly a
nd
 p
r
e
cis
ely.
Enhance acquisition of mathematical knowledge and skills through problem-solving in ways that increase interest and confidence.Prepare ourselves for the demand of our future undertakings and in workplace.Realise that mathematics is an important and powerful tool in solving real-life problems and hence develop positive attitude towards mathematics.Use technology especially the ICT appropriately and effectively.Train ourselves to appreciate the intrinsic values of mathematics and to becomemore creative and innovative.Realize the importance and the beauty of mathematics.
 
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INTRODUCTION
History of Index Number
An index number is an economic data figure reflecting price or quantity compared with astandard or base value. The base usually equals 100 and the index number is usually expressed as100 times the ratio to the base value. For example, if a commodity costs twice as much in 1970as it did in 1960, its index number would be 200 relative to 1960. Index numbers are usedespecially to compare business activity, the cost of living, and employment. They enableeconomists to reduce unwieldy business data into easily understood terms.In economics, index numbers generally are time series summarizing movements in agroup of related variables. In some cases, however, index numbers may compare geographicareas at a point in time. An example is a country's purchasing power parity. The best-knownindex number is the consumer price index, which measures changes in retail prices paid byconsumers. In addition, a cost-of-living index (COLI) is a price index number that measuresrelative cost of living over time. In contrast to a COLI based on the true but unknown utilityfunction, a superlative index number is an index number that can be calculated. Thus, superlativeindex numbers are used to provide a fairly close approximation to the underlying cost-of-livingindex number in a wide range of circumstances.There is a substantial body of economic analysis concerning the construction of indexnumbers, desirable properties of index numbers and the relationship between index numbers andeconomic theory.
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