SEKOLAH MENENGAH SAINS TUN SYED SHEH SHAHABUDIN

2012
Additional Mathematics Course Work 2012 SPM

Students Name : 1 Auni Munira binti Abdul Mutalib

(950104025704) )

2 Nur Hanis Solehah binti Mohd Rosli (950504 Teachers Name : Puan Nazariyah binti Jonid

ADDITIONAL MATHEMATICS COURSE WORK 2012 SPM

ACKNOWLEDGE

First of all, We would like to say Alhamdulillah, for giving us the strength and health to do this project work. Not forgotten our parents for providing everything, such as money, to buy anything that a r e related to this project work and their advise, whic h is the m o s t n e e d e d f o r t h i s p r o j e c t . Internet, books, computers and all that. They also supported us and encouraged us to complete this task so that I will not procastinate in doing it.Then we would like to thank our teacher, Puan Nazariyah binti Jonid for guiding us and our 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, our friends who were doing this project with us and sharing our ideas. They were helpful that when we combined and discussed together, we had this task done.

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ADDITIONAL MATHEMATICS COURSE WORK 2012 SPM

Introduction The increase in prices of goods has always been a topic of discussion in todays society because this price increase causes an increment in the cost of living of a family. A hike in petrol price, causing food company to charge extra transportation fee, is a major factor associate with the exobitten price of food today. The government has implemented various measures to control price increases, such as providing subsidies and list a few essential items as controlled goods in order to reduce the burden on the people. Nevertheless, consumers are also responsible for planning their family expenditure. A study could be done to have a better understanding on how a family spend their money. This study is suitable as the Project Work of Additional Mathematics for SPM candidates in 2012.

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ADDITIONAL MATHEMATICS COURSE WORK 2012 SPM History 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.No clear consensus has emerged on who created the first price index. The earliest reported research in this area came from Welsh poet Henry Rice Vaughan who examined price level change in his 1675 book A Discourse of Coin and Coinage. Vaughan wanted to separate the inflationary impact of the influx of precious metals brought by Spain from the New World from the effect due to currency debasement. 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 laborer's 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.[1]While Vaughan can be considered a forerunner of price index research, his analysis did not actually involve calculating an index.[1] 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. Fleetwood, who already had an interest in price change, had collected a large amount of price data going back hundreds of years. Fleetwood proposed an index consisting of averaged price relatives and used his methods to show that the value of five pounds had changed greatly over the course of 260 years. He argued on behalf of the Oxford students and published his findings anonymously in a volume entitled Chronicon

Preciosum.[2]

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ADDITIONAL MATHEMATICS COURSE WORK 2012 SPM Values From this project,we learn so many values;cooperation, teamwork, and patience.In making this course work we have to cooperate each other in order to finish this project successfully.We have to stay up even we never stay up this long before.We are very proud that our teamwork are very effective and make us success to finish this course work.We also have to be patience in treating each other weird behavior in the middle of the night.So beside produce an excellence course work we also have time to learn new moral values.

Aim This aim of this project work is aimed to investigate the rising cause of living in a family over a 3 year period.

Objective 1. Evaluate the total monthly expenses for each expensed item in a family. 2. Calculate the rate of increase in total monthly expenses for a family in 3 years. 3. State the priority of the familys expenditure. 4. Calculate the composite index of the family expenditure in 2012 based on year 2009. 5. Forecast or predict the index values of each item if the cost of living increases at the rate for the next 3 years. 6. Recommend ways and means to cut the cost of living by using numerical argument.

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