# Project Add Math 2010

Topics: Index numbers, Cake, Price index Pages: 9 (1385 words) Published: October 5, 2011
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Additional Mathematics Project Work 2010

NAME :

FORM :

I/C NO.:

TEACHER’S NAME :

CONTENT

Appreciation

Introduction

Part 1

Part 2

Part 3

Conclusion

APPRECIATION

After weeks of struggle and hard work to complete assignment given to us by our teacher, Sir Ching . I finally did it within 2 weeks with satisfaction and senses of success because I have understood more deeply about the interest and investment more than before. I have to be grateful and thankful to all parties who have helped me in the process of completing my assignment. It was a great experience for me as I have learnt to be more independent and to work as group. For this, I would like to take this opportunity to express my thankfulness once again to all parties concerned. Firstly, I would like to thanks my Additional Mathematics’ teacher, Sir Ching for patiently explained to us the proper and precise way to complete this assignment. With his help and guidance, many problems I have encountered had been solved. Beside that, I would like to thanks my parents for all their support and encouragement they have given to me. In addition, my parents had given me guidance on the methods to account for investment which have greatly enhanced my knowledge on particular area. Last but not least, I would like to express my thankfulness to my cousin and friends, who have patiently explained to me and did this project with me in group.

INTRODUCTION TO INDEX NUMBERS

An index number is an economic data figure reflecting price or quantity compared with a standard or base value. The base usually equals 100 and the index number is usually expressed as 100 times the ratio to the base value. For example, if a commodity costs twice as much in 1970 as it did in 1960, its index number would be 200 relative to 1960. Index numbers are used especially to compare business activity, the cost of living, and employment. They enable economists to reduce unwieldy business data into easily understood terms. In economics, index numbers generally are time series summarising movements in a group of related variables. In some cases, however, index numbers may compare geographic areas at a point in time. An example is a country's purchasing power parity. The best-known index number is the consumer price index, which measures changes in retail prices paid by consumers. In addition, a cost-of-living index (COLI) is a price index number that measures relative cost of living over time. In contrast to a COLI based on the true but unknown utility function, a superlative index number is an index number that can be calculated. Thus, superlative index numbers are used to provide a fairly close approximation to the underlying cost-of-living index number in a wide range of circumstances. There is a substantial body of economic analysis concerning the construction of index numbers, desirable properties of index numbers and the relationship between index numbers and economic theory.

Part 1

The prices of goods sold in shops very from one shop to another. Shoppers tend to buy goods which are not only reasonably priced but also give value for their money.

(a) Collect pictures, newspaper cuttings or photos on items that you have chosen.
Design a collage to illustrate the chosen items.

FOOD

[pic] [pic]
FLOUR BUTTER [pic] [pic]
SUGAR EGG (GRADE A) DETERGENT

[pic] [pic]
SOAP CLOROX

[pic] [pic]
SOAP POWDER FABRIC SOFTENER

STATIONERY

[pic] [pic]
PENCIL RUBBER

[pic] [pic]...

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