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Elements of Statistics: (English)

Elements of Statistics: (English)

          
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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 Excerpt: ...p. 90. at practically the same point. Adopting this scale, we are able to see at once the divergence of quantity from value during the period. In the year 1891, 17,811,000, cwt. valued at 46,081,000, were imported. The sum would have bought 18,096,000 cwt. at the price of 1854, a difference of only per cent.; so that it happens in this case that the value and quantity lines are nearly together again in 1891. The actual course of prices is shown by the lowest line on the diagram. In 1862 quantity falls more quickly than value as price rises, and as the supply recovered in 1866 value went up before and more violently than quantity, owing to the high price. In 1869 quantity rose while value fell, but otherwise the lines fluctuate together and continually tend towards each other. The study of quantity and value in exports is more interesting. It is not obvious what commodity is the best repre Historyor sentative of cotton exports. In 1895, 5,000,000,000 exports. yards of piece goods valued at 46,700,000, 812,000 pairs of stockings valued at 220,000, 23,800,000 lbs. of sewing thread valued at 3,000,000, and 250,000,000 lbs. of cotton yarn valued at 9,200,000, were exported. A good plan, perhaps, would be to take so many yards of piece goods as equivalent to so many pounds of yarn, the relative prices being the criterion, and to add these together to determine the quantity; in the figure, however, piece goods only are taken. In this case there is no simple relation between quantity and value at the first date, and there is no simple method of making the two scales correspond. Having marked the value line on the squared paper in use, it was necessary to draw out a new system for the quantities. In 1854, 1,693,000,000 yards were valued...


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Product Details
  • ISBN-13: 9781130283006
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 88
  • Series Title: English
  • Weight: 172 gr
  • ISBN-10: 1130283003
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 5 mm
  • Width: 189 mm


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