ADDITIONAL MATHEMATICS PROJECT 2013

ADDITIONAL MATHEMATICS PROJECT WORK 2013

NAME CLASS SUBJECT TEACHER

: Arvin Raaj A/L Parthipan : : : 5 AKTIF ADDITIONAL MATHEMATICS MS NG WAN KEE

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CONTENTS
FOREWORD APPRECIATION PART 1 PART 2 PART 3 PART 4 REFELECTION

FOREWORD
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We students taking additional mathematics are required to carry out a project while we were in form five in year 2013. This year The Curriculum of Education had come up with four tasks for us in order to complete our task. We are to choose only ONE topic based on our interest and completing our task in a given period. This project can be done in groups or individually. I,Arvin Raaj Parthipan gladly decided to conduct this project by myself and I choose index numbers as a topic to kick start my project. Upon conducting this project, I am able to experience and gain valuables moral values and moments which able me to:

Apply and adapt a variety of problem solving strategies to solve routine and non-routine problems and index numbers. Experience classroom environment which are challenging, interesting and meaningful and hence improve my thinking skills. Experience an environment which stimulates my thinking and learning skills. Prepare myself for future demand in my career and future undertakings in my working place. Train myself to appreciate the important values of mathematics and be more creative and innovative to solve problems. Realize the importance and beauty of index numbers in my daily life. Use technology wisely especially ICT appropriately and effectively. Train myself not only to be independent learners but also to collaborate and cooperate with others by sharing knowledge and skills to others.

APPRECIATION
First of all, I would like to thank God for giving me the strength and health to do this project work. Not forgotten my parents, for providing everything, such as money, to buy
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anything that are related to this project work and their advise, which is the most needed for this project such aspects like Internet, books, computers, and etc. They also supported me and encouraged me to complete this task so that I will not procrastinate in doing it. Then I would like to thank my teacher ,Ms Ng Wan Kee for guiding me and my friends throughout this project. We had some difficulties in doing this task, but she taught us patiently until we knew what to do. She tried and tried to teach us until we understand what we supposed to do with the project work. Last but not least, my friends who were doing this project with me and sharing our ideas. They were helpful that when we combined and discussed together, we had this task done.

INTRODUCTION
HISTORY OF INDEX NUMBER Price index:
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A price index(plural : price indices or price indexes) is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to help to compare how these prices, taken as a whole, differ between time periods or geographical locations. Price indices have several potential uses. For particularly broad indices, the index can be said to measure the economy's price level or a cost of living. More narrow price indices can help producers with business plans and pricing. Sometimes, they can be useful in helping to guide investment. HISTORY OF EARLY PRICE INDEX 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 . 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 labourers 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. While Vaughan can be considered a forerunner of price index research, his analysis did not actually involve calculating an index. In 1707 Englishman William Fleetwood created perhaps the first true price index. An Oxford student asked Fleetwood to help show how prices had changed. The student stood to lose his fellowship since a fifteenth century stipulation barred students with annual incomes over five pounds from receiving a fellowship.

PART 1 A) Describe in brief: i)Price index

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An index number expressing the level of a group of commodity prices relative to the level of the prices of the same commodities during an arbitrarily chosen base period and used to indicate changes in the level of prices from one period to another

ii)Weightage The assignment of a quota (as of members of a legislature) to a particular iii)Composite index
B)

segment of the population as a special favour or concession in a proportion above that allowable on a strictly numerical basis A composite index is a number that measure an average relative changes in a group of relative variables with respect to a base. Four ways of weightage representations: Graphs Bar chart Pie chart Line graph

Examples:

PART 2(a)

Item

Average monthly

Percentage of monthly

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expenditure for the year 2013 (to the nearest RM) 800 2500 400 200 325 150 200 100 150 4825 expenses (to nearest %) 16.58 51.81 8.29 4.15 6.74 3.11 4.15 2.07 3.11 100

Food Accommodation (rental & loan) Transportation (Petrol/loan/bus fare etc) Clothing Education Recreation Utilities (water/electricity/telephone) Medication Miscellaneous Total

Item Food Accommodation (rental & loan) Transportation (Petrol/loan/bus fare etc) Clothing Education Recreation Utilities (water/electricity/telephone) Medication Miscellaneous Total

Average monthly expenses for the year 2000 400 1000 180 125 150 50 100 80 100 2185

Average monthly expenses for the year 2013 (RM) 800 2500 400 200 325 150 200 100 150 4825

Item

Price indices for the year 2013 based on the year

Weightage

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2000 Food Accommodation (rental & loan) Transportation (Petrol/loan/bus fare etc) Clothing Education Recreation Utilities (water/electricity/telephone) Medication Miscellaneous Total 200.00 250.00 222.22 160.00 216.67 300.00 200.00 125.00 150.00 1823.89 10.97 13.71 12.18 8.77 11.88 16.45 10.97 6.85 8.22 100

d) Conclusion : I hereby conclude that the average monthly expenditure of my family is not that good because the data shows that the amount of money wasted by my family is quite high. So based on this data, I can avoid myself to be a spendthrift.

PART 3:

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Brand Size of television (inches) Price (RM) Giant HLK Prolink Electronics Mean price (RM) Standard Deviation (RM)

Panasonic Vierra Samsung

24 32 40 24 32 40

688.00 899.00 1399.00 519.00 799.00 1799.00

678.00 900.00 1400.00 525.00 850.00 1825.00

700.00 910.58 1420.00 600.00 880.00 1850.00

688.66 903.19 1406.33 548.00 843.00 1824.66

9.49 5.79 10.15 36.85 33.44 21.40

Brand

Size of television (inches) Giant

Price (RM) Per month HLK Prolink Electronics

Mean price (RM)

Standard Deviation (RM)

Panasonic Vierra Samsung

24 32 40 24 32 40

1038.00 1200.00 1520.00 580.00 850.00 1900.00

1030.00 1400.00 1530.00 600.00 900.00 1950.00

1050.00 1450.00 1540.00 625.00 920.00 1970.00

1039.33 1350.00 1530.00 601.67 890.00 1940.00

8.63 108.01 8.16 18.30 29.44 29.44

b) The television that I had choose is the Panasonic Vierra( 40 inch). It is because it is cheap than the other Samsung television. Not only that, the screening quality of this television is quite good. Based on the view, the television has a HD quality screening and also internal boosting speakers. Last but not least, this television has a slim and elegance look than the other television. Im very sure that this television is the slimmest television in the market. c) I think Giant should deserve the award because based on the value of mean and also the value of standard deviation it is quite considerate. Not only is that, based on the current economics the people in the world craving for quality items in a cheap price. So, Giant has provide a sale of quality products in a cheap and reasonable price. As the panel of the award, Giant is the suitable and the deserved winner.

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PART 4:

a) The item that should be reduced to bear the expense of the new television is the food aspect. It is because based on the table food is in a higher value amount.

b) Item Food Accommodation (rental & loan) Transportation (Petrol/loan/bus fare etc) Clothing Education Recreation Utilities (water/electricity/telephone) Medication Miscellaneous Total Price indices for the year 2013 based on the year 2000 500 1500 200 110 125 105 100 50 80 2770

c) Item Food Accommodation (rental & loan) Transportation (Petrol/loan/bus fare etc) Clothing Education Recreation Utilities (water/electricity/telephone) Medication Miscellaneous Contributions Savings Total Price indices for the year 2013 based on the year 2000 300 1200 100 100 200 80 180 30 20 130 160 2500

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REFLECTION
After spending countless hours, days, and night to finish this project and also sacrificing my time on video games and magazine in this month, there are several things that I can say

Additional maths.. Youre like a very bright star Smiling at me Every time teacher teaches me about you..

Additional maths Who says you so difficult? Who says you kill them off Who says you hurt parents felling? You, open my eyes.. Telling me little by little about The Knower of All Know, I feel so grateful That He has given me the chance to get to know you

Additional maths I love you so much Please dont get away from me..

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Further research
Definition of 'Inflation'
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum.

MALAYSIA INFLATION RATE The inflation rate in Malaysia was recorded at 1.70 percent in April of 2013. Inflation Rate in Malaysia is reported by the Department of Statistics Malaysia. Historically, from 1973 until 2013, Malaysia Inflation Rate averaged 3.74 Percent reaching an all time high of 23.90 Percent in March of 1974 and a record low of -2.40 Percent in July of 2009. In Malaysia, the most important categories in the consumer price index are Food and non-alcoholic beverages (30 percent of total weight) and Housing, water, electricity, gas and other fuels (23 percent of total weight). Others include: Transport (15 percent); Communication (6 percent); Recreation and culture (5 percent) and Furnishings, household equipment and routine household maintenance (4 percent). The remaining components are Restaurants and hotels at 3.2 percent and miscellaneous goods and services at 6.3 percent. This page includes a chart with historical data for Malaysia Inflation Rate.

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