Add Math Folio (1)

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Sekolah Menengah Kebangsaan

Air Putih,

25300 Kuantan Pahang.

Additional Mathematics Project Work

2013

Index Number in Our Daily Life

Name: Neoh Szie Yoong

I/C No. : 960621-14-5930

Class: 5 Venus

Teacher: Pn Siti Fatimah


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ContentContent Pages

1. Objective 2

2. Foreward 3

3. Introduction 4

4. Part 1 5-11

5. Part 2 12-15

6. Part 3 16-17

7. Further exploration 18-22

8. Reflection 23


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OBJECTIVESWe students taking Additional Mathematics are required to carry out a project work while we are in Form

5. This year the Curriculum Development Division, Ministry of Education has prepared two 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 is expected to submit an individually written report. Upon completion

of the Additional Mathematics Project Work, we are 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 meaningful and henceimprove 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 mathematical thinking reasoningand communication are highly encouraged and expected

Experience classroom environments that stimulate and enhance effective learning.

Acquire effective mathematical communication through oral and writing and to use the language ofmathematics to express mathematical ideas correctly and precisely

Enhance acquisition of mathematical knowledge and skills through problem-solving in ways thatincrease 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, to cooperate, and toshare 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 more creative andinnovative

Realize the importance and the beauty of mathematics


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FOREWARD

First of all, I would like to say thank you 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 advice, 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, Pn. Hjh Siti Fatimah Bt Arsad 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.


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INTRODUCTION

HISTORY OF INDEX NUMBER

Index numbers are meant to study the change in the effects of such factors which cannot be

measured directly. According to Bowley, Index numbers are used to measure the changes in somequantity which we cannot observedirectly.For example, changes in business activity in a country are not

capable of direct measurement but it is possible to study relative changes in business activity by

studying the variations in the values of some such factors which affect business activity,

and which are capable of direct measurement.

Index numbers are commonly used statistical device for measuring the combined fluctuations in

a group related variables. If we wish to compare the price level of consumer items today with that prevalent

ten years ago, we are not interested in comparing the prices of only one item, but in comparing some sort of

average price levels. We may wish to compare the present agricultural production or industrial production

with that at the time of independence. Here again, we have to consider all items of production and each

item may have undergone a different fractional increase (or even a decrease). How do we obtain acomposite measure? This composite measure is provided by index numbers which may be defined as a

device for combining the variations that have come in group of related variables over a period of time, with

a view to obtain a figure that represents the net result of the change in the constitute variables.

Index numbers may be classified in terms of the variables that they are intended to measure. In

business, different groups of variables in the measurement of which index number techniques are

commonly used are (i) price, (ii) quantity, (iii) value and (iv) business activity. Thus, we

have index of wholesale prices, index of consumer prices, index of industrial output, index of value of

exports and index of business activity, etc. Here we shall be mainly interested in index numbers of prices

showing changes with respect to time, although methods described can be applied to other cases.In general, the present level of prices is compared with the level of prices in the past. Thepresent period is

called the current period and some period in the past is called the base period.

Index Numbers:

Index numbers are statistical measures designed to show changes in a variable or group of related

variables with respect to time, geographic location or other characteristics such as income, profession, etc. A

collection of index numbers for different years, locations, etc., is sometimes called an index series.

Simple Index Number:

A simple index number is a number that measures a relative change in

a single variable with respect to a base.

Composite Index Number:

A composite index number is a number that measures an average relative changes in a group of

relative variables with respect to a base.


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PART 1

The prices of goods sold in shop vary from one shop to another. Shoppers tend to buy goods which are not

only reasonably price but also give value for their money.

You are required to carry out a survey on four different items based on the following categories: food,

detergent and stationery. The survey should be done in three different shops.

Part 1(a)

Collect picture, newspaper cuttings or photos on item that you have chosen. Design a collage to illustrate

the chosen item.

Food


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Detergent


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Stationary


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Part 1(b)

Record the item and their prices systematically as such in Table 1. Since

item may be differently packed, be sure to use consistent measurements

for each item selected so that comparison can be done easily and

accurately.

Category ItemPrice (RM)

Tesco Giant The Store

Food

1.Self-rising flour 2.70 3.70 3.30

2.Sugar 1.80 1.60 1.353.Butter 3.60 3.80 4.50

4.Eggs 3.60 2.90 3.00

Total price 11.70 12.00 12.15

Table 1(a)

Category ItemPrice (RM)

Tesco Giant The Store

Detergent

1.Washing powder 19.00 21.00 20.502.Dish washer 4.00 3.20 3.10

3.Liquid bleach 6.00 5.50 4.90

4.Tile cleaner 10.20 9.80 9.50

Total price 39.20 39.50 38.00

Table 1(b)

Category Item Price (RM)Tesco Giant The Store

Stationery

1.Pencil (shaker) 8.90 9.20 8.20

2.Highlighter 3.50 3.40 3.10

3.Permanent marker 3.50 2.90 3.80

4.Card index 14.70 15.00 16.00

Total price 30.60 30.50 31.20

Table 1(c)


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Part 1(c)

Create at least two suitable graphical representations (the use of ICT is encouraged) to compare contrast the

price of the item chosen. Create at least two suitable graphical representations (the use of ICT is

encouraged) to compare contrast the price of the item chosen.

0

10

20

30

40

50

Food Detergent Stationary

Tesco

Giant

The Store

0

5

10

1520

25

30

35

40

45


Tesco

Giant

The Store


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Part 1(d)

Based on the graphical representations that you have constructed in part1(c), interpret, discuss and draw conclusions. Comment on your findings.

Based on the graphical representations that I have constructed in Part 1(c), it is shown that there are large

and small differences among the prices of items in each category between the shops. In the food category,

the smallest price difference is of those of sugar, while the highest is the price of eggs. Besides food,

detergent also shows a large price difference between its items. Among them is the price of liquid

dishwasher and clothes detergent. On the other hand, stationary items donthave any obvious price

difference. The graph also show that most of the items that are high priced comes from the Boulevard

Supermarket, while the lowest price items come from the Discount Store. The graph 1(d) will show the

conclusion of the difference among the shops based upon the shops grand total.

0

5

10

15

20

2530

35

40

45


Tesco

Giant

The Store


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Part 1(e)

Mean ,

Standard deviation

( )

( )

Reason of difference in price :

Bulk buying from the retailer gives the lower cost ->resulted in lower relying price.

Hypermarket own brands are much cheaper than the expansive brand-dontinvolve in advertising -> resulted in lower - selling price

Sales and discount offer by the supermarket


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PART 2Every year SMK Air Putih organises a carnival to raise funds for the school. This year the school plans toinstall CCTV in order to enhance its security. Last year, during the carnival, your class made and sold

nasi lemak. Due to the popularity of this local food, your class has decided to carry out the same project

for thisyears carnival.

Part 2(a)

1. Complete Table 2 with the prices of the given items for the year 2013

Items

(For 10 packets of Nasi Lemak ) Quantity

Price in the

year 2012

(RM)

Price in the

year 2013

(RM)

I

For the flavoured rice :

Rice 1 kg 2.70 2.80

Santan 150 g 1.40 1.50

Onion 10 g 0.15 0.15

Ginger 10 g 0.15 0.15

Salt 2 g 0.05 0.06

II

For the sambal :

Red Onion 10 g 0.05 0.05

Garlic 5 g 0.04 0.04

Dried Chillies 100 g 1.00 1.10

Ikan Bilis 200 g 2.00 2.10

Cooking Oil 100 g 0.25 0.27

III

Miscellaneous :

Fried groundnuts 200 g 0.50 0.60

Fried crispyIkan Bilis 150 g 1.50 0.60

Cucumber 200 g 0.20 0.20

5 Eggs 300 g 1.50 1.60

Banana leaves (1 bundle) 300 g 1.00 1.00

Table 2


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Part 2(b)Calculate the price index for each of the items in Table 2 for the year

2013 based on the year2012.

Price index,

Items

(For 10 packets of Nasi Lemak )Quantity

Price in theyear 2012

(RM)

Price in theyear 2013

(RM)

Price index for

the year 2013

based on the year

2012

I


Rice 1 kg 2.70 2.80 103.70

Santan 150 g 1.40 1.50 107.14

Onion 10 g 0.15 0.15 100

Ginger 10 g 0.15 0.15 100

Salt 2 g 0.05 0.06 120

II

For the sambal :

Red Onion 10 g 0.05 0.05 100

Garlic 5 g 0.04 0.04 100

Dried Chillies 100 g 1.00 1.10 110

Ikan Bilis 200 g 2.00 2.10 105

Cooking Oil 100 g 0.25 0.27 108

III

Miscellaneous :

Fried groundnuts 200 g 0.50 0.60 120Fried crispyIkan Bilis 150 g 1.50 0.60 106.67

Cucumber 200 g 0.20 0.20 100

5 Eggs 300 g 1.50 1.60 106.67

Banana leaves (1 bundle) 300 g 1.00 1.00 100

Table 3


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Part 2(c)Calculate the composite index for the cost of a packet of nasi lemak in the

year2013 based on the year 2012. Discuss how you obtained your answer

Composite index,

Items

(For 10 packets of Nasi Lemak )Quantity

Price index for

the year 2013

based on the

year 2012 Weightage

I


Rice 1 kg 103.70 1.0 103.70

Santan 150 g 107.14 0.15 16.071

Onion 10 g 100 0.01 1

Ginger 10 g 100 0.01 1Salt 2 g 120 0.002 0.24

II

For the sambal :

Red Onion 10 g 100 0.01 1

Garlic 5 g 100 0.005 0.5

Dried Chillies 100 g 110 0.1 11

Ikan Bilis 200 g 105 0.2 21

Cooking Oil 100 g 108 0.1 10.8

III

Miscellaneous :

Fried groundnuts 200 g 120 0.2 24

Fried crispyIkan Bilis 150 g 106.67 0.15 16.0005Cucumber 200 g 100 0.2 20

5 Eggs 300 g 106.67 0.3 32.001

Banana leaves (1 bundle) 300 g 100 0.3 30

2.737 288.3125

Table 4


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Part 2(d)

In the year 2012, the nasi lemakwas sold at RM2.00 each. Suggest a suitable selling price

for a packet of the nasi lemak in the year 2013. Give reasons for your answer.

On 2012 : RM 2.00

On 2013 :

Thus, the suitable selling price for a packet ofnasi lemakin the year 2013 is RM 2.10. The

increase in price also suitable because of the rise in the price of the ingredients.


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PART 3

In order to upgrade the security, my school has decided to install closed-circuit TV (CCTV).

Part 3(a)

Suggest a suitable number of cameras to be installed and their

placement. Give your reasons. Illustrate with a plan.I suggest 4 cameras to be installed at my school. The cameras will be installed at the

staff rooms and the office. This action will be done to avoid any robbery case from happen.

Part 3(b)Find out the cost of installation of the CCTV. A set of CCTV with 4 cameras: RM2100

STAFF ROOMOFFICE


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Part 3(c)

If your class intends to sponsor 10% of the cost, how many packets

of nasi lemak must your class sell?

10% X RM2100 = RM210

Cost for a packet of nasi lemak

Selling price Profit

Packets of nasi lemak must be sell

Part 3(d)

Can your class achieve the 10% target? Do you think your class should

carry out a different project instead?

Yes because many visitors from Pekan will come and visit our school during the carnival. This

phenomenon will increase the selling of our nasi lemak. Last year, we had sold about 400packets of nasi lemak. So, this year our target is 600 packets of nasi lemak will be sold. From the selling, we

can sponsor 10% for the cost of installation of the CCTV and we will get profit of about RM210. I think

my class should not carry out different project as we can get a lot of profit from the selling of nasi lemak.

We need to focus on selling nasi lemak only so we can achieve our target. Great efforts will led to great

outcomes.


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FUTHER EXPLORATION

Index numbers are being used in many different daily situations, for example air pollution index, stock

market index, gold index and property index. Obtain information from the internet or other reliable sources

on the importance of two different types of index number of your choice. Elaborate the use and theimportance of these index numbers in daily life.

Air Pollution IndexAir pollution is the introduction ofchemicals,particulate matter,orbiological materials that cause

harm or discomfort to humans or other living organisms, or damages thenatural environmentinto the

atmosphere.The atmosphere is a complex dynamic natural gaseous system that is essential

to support life on planetEarth. Stratosphericozone depletion due to air pollution has long been recognized

as a threat to human health as well as to the Earth'secosystems. The Air Quality Index (AQI)

(also known as the Air Pollution Index(API) orPo ll ut an t Standard Index(PSI)is a number used by government agencies to characterize the quality of the air at a given location.

As the AQI increases, an increasingly large percentage of the population is likely to

experience increasingly severe adverse health effects. To compute the AQI requires an air

pollutant concentration from a monitor or model. The function used to convert from air pollutant

concentration to AQI varies by pollutant, and is different in different countries. Air quality index

values are divided into ranges, and each range is assigned a descriptor and a colour code.

Standardized public health advisories are associated with each AQI range. An agency might also encourage

members of the public to take public transportation or work from home when AQI levels are high.

Limitations of the AQIMost air contaminants do not have an associated AQI. Many countries monitorground-level ozone,

particulates, sulphur dioxide, carbon monoxide and nitrogen dioxide and calculate air quality indices

for these pollutants.

Causes of Poor Air Quality The AQI can worsen (go up) due to lack of dilution of air emissions by fresh air. Stagnant air, often caused

by ananticyclone ortemperature inversion,or other lack ofwindsletsair pollution remain in a local

area.
http://en.wikipedia.org/wiki/Chemicalhttp://en.wikipedia.org/wiki/Chemicalhttp://en.wikipedia.org/wiki/Particulate_matterhttp://en.wikipedia.org/wiki/Particulate_matterhttp://en.wikipedia.org/wiki/Biological_materialhttp://en.wikipedia.org/wiki/Biological_materialhttp://en.wikipedia.org/wiki/Natural_environmenthttp://en.wikipedia.org/wiki/Natural_environmenthttp://en.wikipedia.org/wiki/Earth%27s_atmospherehttp://en.wikipedia.org/wiki/Earth%27s_atmospherehttp://en.wikipedia.org/wiki/Earthhttp://en.wikipedia.org/wiki/Earthhttp://en.wikipedia.org/wiki/Stratospherehttp://en.wikipedia.org/wiki/Ozone_depletionhttp://en.wikipedia.org/wiki/Ecosystemshttp://en.wikipedia.org/wiki/Ecosystemshttp://en.wikipedia.org/wiki/Ecosystemshttp://en.wikipedia.org/wiki/Ground-level_ozonehttp://en.wikipedia.org/wiki/Ground-level_ozonehttp://en.wikipedia.org/wiki/Particulatehttp://en.wikipedia.org/wiki/Sulfur_dioxidehttp://en.wikipedia.org/wiki/Anticyclonehttp://en.wikipedia.org/wiki/Anticyclonehttp://en.wikipedia.org/wiki/Temperature_inversionhttp://en.wikipedia.org/wiki/Temperature_inversionhttp://en.wikipedia.org/wiki/Windhttp://en.wikipedia.org/wiki/Windhttp://en.wikipedia.org/wiki/Windhttp://en.wikipedia.org/wiki/Air_pollutionhttp://en.wikipedia.org/wiki/Air_pollutionhttp://en.wikipedia.org/wiki/Air_pollutionhttp://en.wikipedia.org/wiki/Air_pollutionhttp://en.wikipedia.org/wiki/Windhttp://en.wikipedia.org/wiki/Temperature_inversionhttp://en.wikipedia.org/wiki/Anticyclonehttp://en.wikipedia.org/wiki/Sulfur_dioxidehttp://en.wikipedia.org/wiki/Particulatehttp://en.wikipedia.org/wiki/Ground-level_ozonehttp://en.wikipedia.org/wiki/Ground-level_ozonehttp://en.wikipedia.org/wiki/Ecosystemshttp://en.wikipedia.org/wiki/Ozone_depletionhttp://en.wikipedia.org/wiki/Stratospherehttp://en.wikipedia.org/wiki/Earthhttp://en.wikipedia.org/wiki/Earth%27s_atmospherehttp://en.wikipedia.org/wiki/Natural_environmenthttp://en.wikipedia.org/wiki/Biological_materialhttp://en.wikipedia.org/wiki/Biological_materialhttp://en.wikipedia.org/wiki/Particulate_matterhttp://en.wikipedia.org/wiki/Chemical


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Indices by location So ut h Ko rea The Ministry of Environment of South Korea uses the Comprehensive Air-quality Index (CAI) to describe

the ambient air quality based on health risk of air pollution. The index aims to help the public

easily understand air quality level and protect the health of people from air pollution. - The CAI has valuesof 0 through 500, which are divided into six categories. The higher the CAI value, the greater

the level of air pollution of values of the five air pollutants, the highest is the CAI value.

CAI Description Health implication

0 -50 GoodA level that will not impact patients suffering from

disease related to air pollution

51100 ModerateA level which may have a mage impact on patients in

case of chronic exposure

101150Unhealthy for

sensitive group

A level that may harmful impacts on patients and

members of sensitive groups

151250 Unhealthy

A level that may have harmful impacts on patients

and members of sensitive groups (children, aged orweak people) and also cause the general public

unpleasant feeling

251350 Very unhealthy

A level which may have a serious impacts on patients

and members of sensitive groups in case of acute

exposure

351500 Hazardous

A level which may need to take emergency measures

for patients and members of sensitive groups and

have harmful impacts of the general public


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MalaysiaThe air quality inMalaysia 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 reportedinPM10particulate matter is reported ing/m.

Unlike the American AQI, the index number can exceed 500. Above 500, astate 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.

Index Values*Level of Health

ConcernCautionary statements

050 Good None

50100 Moderate None

101150Unhealthy to sensitive

groups

People with respiratory disease, such as asthma, should limit

outdoor exertion

151200 Unhealthy

People with respiratory disease, such as asthma, should

avoid outdoor exertion ; everyone else, especially the

elderly and children should limit prolonged outdoor

exertion

201300 Very unhealthy

People with respiratory disease, such as asthma, should

avoid any outdoor activities ; everyone else, especially the

elderly and children should limit outdoor exertion

301500 HazardousEveryone should avoid any outdoor exertion ; People with

respiratory disease, such as asthma, should remain indoor
http://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Particulatehttp://en.wikipedia.org/wiki/Particulatehttp://en.wikipedia.org/wiki/State_of_emergencyhttp://en.wikipedia.org/wiki/State_of_emergencyhttp://en.wikipedia.org/wiki/State_of_emergencyhttp://en.wikipedia.org/wiki/State_of_emergencyhttp://en.wikipedia.org/wiki/Particulatehttp://en.wikipedia.org/wiki/Particulatehttp://en.wikipedia.org/wiki/Malaysia


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Stock Market Index

A comparison of three major U.S. stock indices: theNASDAQ Composite, Dow Jones

Industrial Average, andS&P 500.All three have the same height at March 2007. Notice the large

dot-com spike on the NASDAQ, a result of the large number of tech. companies on that index.

A stock market index is a method of measuring a section of thestock market.Many indices are

cited by news or financial services firms and are used asbench marks,to measure the performanceofport foliossuch asmutual funds.

Types of indices

Stock market indices may be classed in many ways. A 'world' or 'global' stock market index includes

(typically large) companies without regard for where they are domiciled or traded. Two examples areMSCI

WorldandS&P Global 100.

A nationalindex represents the performance of the stock market of a given nation-and by proxy, reflects

investor sentiment on the state of its economy. The most regularly quoted market indices are national

indices composed of the stocks of large companies listed on a nation's largest stock exchanges, such

as the AmericanS&P 500,the JapaneseNikkei 225,andthe BritishFTSE 100. The concept may

be extended well beyond an exchange. The Dow Jones Total Stock Market Index, as its name implies,

represents the stocks of nearly every publicly traded company in theUnited States, including all U.S. stocks

traded on theNew York Stock Exchange(but notADRs)and most traded on theNASDAQandAmerican Stock

Exchange. Russell Investment Group added to the family of indices by launching theRussell Global

Index.

More specialised indices exist tracking the performance of specific sectors of the market. The

Morgan Stanley Biotech Index, for example, consists of 36American firms in thebiotechnology

industry. Other indices may track companies of a certain size, a certain type of management, or even more

specialized criteria-one index published byLinux Weekly Newstracks stocks of companies that sellproducts and services based on theLinuxoperating environment.
http://en.wikipedia.org/wiki/Nasdaq_Compositehttp://en.wikipedia.org/wiki/Nasdaq_Compositehttp://en.wikipedia.org/wiki/Dow_Jones_Industrial_Averagehttp://en.wikipedia.org/wiki/Dow_Jones_Industrial_Averagehttp://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/Dot-com_bubblehttp://en.wikipedia.org/wiki/Stock_markethttp://en.wikipedia.org/wiki/Stock_markethttp://en.wikipedia.org/wiki/Benchmarkinghttp://en.wikipedia.org/wiki/Benchmarkinghttp://en.wikipedia.org/wiki/Portfolio_(finance)http://en.wikipedia.org/wiki/Portfolio_(finance)http://en.wikipedia.org/wiki/Portfolio_(finance)http://en.wikipedia.org/wiki/Mutual_fundhttp://en.wikipedia.org/wiki/Mutual_fundhttp://en.wikipedia.org/wiki/Mutual_fundhttp://en.wikipedia.org/wiki/MSCI_Worldhttp://en.wikipedia.org/wiki/MSCI_Worldhttp://en.wikipedia.org/wiki/MSCI_Worldhttp://en.wikipedia.org/wiki/S%26P_Global_100http://en.wikipedia.org/wiki/S%26P_Global_100http://en.wikipedia.org/wiki/S%26P_Global_100http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/Nikkei_225http://en.wikipedia.org/wiki/Nikkei_225http://en.wikipedia.org/wiki/FTSE_100http://en.wikipedia.org/wiki/FTSE_100http://en.wikipedia.org/wiki/FTSE_100http://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/American_Depositary_Receipthttp://en.wikipedia.org/wiki/American_Depositary_Receipthttp://en.wikipedia.org/wiki/American_Depositary_Receipthttp://en.wikipedia.org/wiki/NASDAQhttp://en.wikipedia.org/wiki/NASDAQhttp://en.wikipedia.org/wiki/American_Stock_Exchangehttp://en.wikipedia.org/wiki/American_Stock_Exchangehttp://en.wikipedia.org/wiki/American_Stock_Exchangehttp://en.wikipedia.org/wiki/Russell_Investment_Grouphttp://www.russell.com/indexes/characteristics_fact_sheets/global/russell_global_index.asphttp://www.russell.com/indexes/characteristics_fact_sheets/global/russell_global_index.asphttp://www.russell.com/indexes/characteristics_fact_sheets/global/russell_global_index.asphttp://www.russell.com/indexes/characteristics_fact_sheets/global/russell_global_index.asphttp://en.wikipedia.org/w/index.php?title=Morgan_Stanley_Biotech_Index&action=edit&redlink=1http://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Biotechnologyhttp://en.wikipedia.org/wiki/Biotechnologyhttp://en.wikipedia.org/wiki/Linux_Weekly_Newshttp://en.wikipedia.org/wiki/Linux_Weekly_Newshttp://en.wikipedia.org/wiki/Linuxhttp://en.wikipedia.org/wiki/Linuxhttp://en.wikipedia.org/wiki/Linuxhttp://en.wikipedia.org/wiki/Linux_Weekly_Newshttp://en.wikipedia.org/wiki/Linux_Weekly_Newshttp://en.wikipedia.org/wiki/Biotechnologyhttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/w/index.php?title=Morgan_Stanley_Biotech_Index&action=edit&redlink=1http://www.russell.com/indexes/characteristics_fact_sheets/global/russell_global_index.asphttp://www.russell.com/indexes/characteristics_fact_sheets/global/russell_global_index.asphttp://www.russell.com/indexes/characteristics_fact_sheets/global/russell_global_index.asphttp://en.wikipedia.org/wiki/Russell_Investment_Grouphttp://en.wikipedia.org/wiki/American_Stock_Exchangehttp://en.wikipedia.org/wiki/American_Stock_Exchangehttp://en.wikipedia.org/wiki/NASDAQhttp://en.wikipedia.org/wiki/American_Depositary_Receipthttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/FTSE_100http://en.wikipedia.org/wiki/Nikkei_225http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/S%26P_Global_100http://en.wikipedia.org/wiki/MSCI_Worldhttp://en.wikipedia.org/wiki/MSCI_Worldhttp://en.wikipedia.org/wiki/Mutual_fundhttp://en.wikipedia.org/wiki/Portfolio_(finance)http://en.wikipedia.org/wiki/Benchmarkinghttp://en.wikipedia.org/wiki/Stock_markethttp://en.wikipedia.org/wiki/Dot-com_bubblehttp://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Averagehttp://en.wikipedia.org/wiki/Dow_Jones_Industrial_Averagehttp://en.wikipedia.org/wiki/Nasdaq_Composite


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Index versions

Some indices, such as theS&P 500,have multiple versions.[1] These versions can differ based

on how the index components areweighted and on howdividends are accounted for. For example, there are

three versions of theS&P 500index: price return, which only considers the price of the components, total

return, which accounts for dividend reinvestment, and net total return, which accounts for dividendreinvestment after the deduction of a withholding tax. As another example, theWilshire

4500andWilshire 5000indices 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 ourcountrys 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 countryseconomical state sometimes depend on it.

CONCLUSION

After doing research, answering questions, drawing graphs and some problem solving, I saw that

the usage of index number is important in daily life. It is not just widely used in markets but also in

interpreting the condition of the surrounding like the air or the water. Especially in conducting an air-

pollution survey. In conclusion, statistics is a daily life essecities. Without it, surveyscantbe

conducted, the stock market cantbe interpret and many more. So, we should be thankful of the people

who contribute in the idea of statistics.
http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/Stock_market_index#cite_note-0http://en.wikipedia.org/wiki/Stock_market_index#cite_note-0http://en.wikipedia.org/wiki/Weight_functionhttp://en.wikipedia.org/wiki/Weight_functionhttp://en.wikipedia.org/wiki/Dividendhttp://en.wikipedia.org/wiki/Dividendhttp://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/Wilshire_4500http://en.wikipedia.org/wiki/Wilshire_4500http://en.wikipedia.org/wiki/Wilshire_4500http://en.wikipedia.org/wiki/Wilshire_4500http://en.wikipedia.org/wiki/Wilshire_5000http://en.wikipedia.org/wiki/Wilshire_5000http://en.wikipedia.org/wiki/Wilshire_5000http://en.wikipedia.org/wiki/Wilshire_4500http://en.wikipedia.org/wiki/Wilshire_4500http://en.wikipedia.org/wiki/S%26P_500http://en.wikipedia.org/wiki/Dividendhttp://en.wikipedia.org/wiki/Weight_functionhttp://en.wikipedia.org/wiki/Stock_market_index#cite_note-0http://en.wikipedia.org/wiki/Stock_market_index#cite_note-0http://en.wikipedia.org/wiki/S%26P_500


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REFLECTIONWhile I was conducting the project, I have learnt and practice a lot of moral values.

These are we should be patient when doing any work or project. This is to ensure our

work is completed by the time. We also should be calm and cool down when any source

that we are finding for is missing. This sign that we are going to get a conclusion soon.

Furthermore, we should always smile when doing our works so that whatever work we are

doing can be done easily. Besides that, we should relax and patient when our friends keep

forcing us to finish the project so that they can refer to our project when we had done. This

act will make us more motivated to complete the project.

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