Add Math Folio

Topics: Inflation, Price index, Consumer price index Pages: 11 (2611 words) Published: August 1, 2013

We students taking Additional Mathematics are required to carry out a project work while weare in Form 5.This year the Curriculum Development Division, Ministry of Education has prepared four tasks for us.We are to choose and complete only ONE task based on our area of interest.This project can be done in groups or individually,but each of us are expected to submitan individually written report.Upon completion of the Additional Mathematics Project Work,weare to gain valuable experiences and able to:

-Apply and adapt a variety of problem solving strategies to solve routine and non-routine problems.

-Experience classroom environments which are challenging, interesting and meaningfuland hence improve their thinking skills.  
-Experience classroom environments where knowledge and skills are applied inmeaningful ways in solving real-life problems  
-Experience classroom environments where expressing ones mathematicalthinking,reasoning and communication are highly encouraged and expected  
-Experience classroom environments that stimulates and enhances effective learning.  
-Acquire effective mathematical communication through oral and writing,and to use thelanguage of mathematics to express mathematical ideas correctly and precisely

-Enhance acquisition of mathematical knowledge and skills through problem-solving inways 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.

-Train ourselves not only to be independent learners but also to collaborate, tocooperate, and to share knowledge in an engaging and healthy environment  
-Use technology especially the ICT appropriately and effectively  
-Train ourselves to appreciate the intrinsic values of mathematics and to become morecreative and innovative   
-Realize the importance and the beauty of mathematic

First of all, I would like to say thanks 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 anything that are related to this project work and their advise, which is the most needed for this project. 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, Mr.Huzaini for guiding me and my friends throughout this project. We had face some difficult 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.


(a) Describe in brief
(i) price index,
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 indexes 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. Some notable price indices include:

* Consumer price index
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging...
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