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This unit looks at a wide variety of ways of comparing prices and the construction of a price index. You will also look at the Retail Price Index (RPI) and the Consumer Price Index (CPI), indices used by the UK Government to calculate the percentage by which prices in general have risen over any given period. You wil also look at the important statistical and mathematical ideas that contribute to the construction of a price index.<link rel="canonical" href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0" /> First published on Fri, 29 Jul 2011 as <a href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0">Prices</a>. To find out more visit The Open University's <a href="http://www.open.edu/openlearn/ole-home-page">Openlearn</a> website. Creative-Commons 2011
This free course, Prices, looks at a wide variety of ways of comparing prices and the construction of a price index. You will also look at the Retail Price Index (RPI) and the Consumer Price Index (CPI), indices used by the UK Government to calculate the percentage by which prices in general have risen over any given period. You will also look at the important statistical and mathematical ideas that contribute to the construction of a price index.<link rel="canonical" href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0" /> First published on Mon, 25 Apr 2016 as <a href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0">Prices</a>. To find out more visit The Open University's <a href="http://www.open.edu/openlearn/ole-home-page">Openlearn</a> website. Creative-Commons 2016
<p>This course looks at a wide variety of ways of comparing prices and the construction of a price index. You will look at the Retail Price Index (RPI) and the Consumer Price Index (CPI), indices used by the UK Government to calculate the percentage by which prices in general have risen over any given period. You will also look at the important statistical and mathematical ideas that contribute to the construction of a price index.</p><p><b>In order to complete this course you will need to have obtained a Texas Instruments TI-83 calculator and the book <i>Tapping into Mathematics With the TI-83 Graphics Calculator</i> by Barrie Galpin and Alan Graham (eds), Addison Wesley, 1997 (ISBN 0201175479)</b>. This is referred to throughout the course as the Calculator Book.</p><p>This OpenLearn course provides a sample of level 1 study in <span class="oucontent-linkwithtip"><a class="oucontent-hyperlink" href="http://www.open.ac.uk/courses/find/mathematics?LKCAMPAIGN=ebook_&MEDIA=ou">Mathematics</a></span>.</p>
This free course, Prices, looks at a wide variety of ways of comparing prices and the construction of a price index. You will also look at the Retail Price Index (RPI) and the Consumer Price Index (CPI), indices used by the UK Government to calculate the percentage by which prices in general have risen over any given period. You will also look at the important statistical and mathematical ideas that contribute to the construction of a price index.<link rel="canonical" href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0" /> First published on Fri, 22 Apr 2016 as <a href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0">Prices</a>. To find out more visit The Open University's <a href="http://www.open.edu/openlearn/ole-home-page">Openlearn</a> website. Creative-Commons 2016
<p>This Unit looks at a wide variety of ways of comparing prices and the construction of a price index. You will look at the Retail Price Index (RPI) and the Consumer Price Index (CPI), indices used by the UK Government to calculate the percentage by which prices in general have risen over any given period. You will also look at the important statistical and mathematical ideas that contribute to the construction of a price index.</p><p><b>In order to complete this Unit you will need to have obtained a Texas Instruments TI-83 calculator and the book <i>Tapping into Mathematics With the TI-83 Graphics Calculator</i> by Barrie Galpin and Alan Graham (eds), Addison Wesley, 1997 (ISBN 0201175479)</b>. This is referred to throughout the Unit as the Calculator Book.</p><p>This unit is from our archive and is an adapted extract from Open mathematics (MU120) which is no longer taught by The Open University. If you want to study formally with us, you may wish to explore other courses we offer in <span class="oucontent-linkwithtip"><a class="oucontent-hyperlink" href="http://www3.open.ac.uk/study/undergraduate/mathematics-and-statistics/index.htm">this subject area</a></span>.</p>
This free course, Prices, looks at a wide variety of ways of comparing prices and the construction of a price index. You will also look at the Retail Price Index (RPI) and the Consumer Price Index (CPI), indices used by the UK Government to calculate the percentage by which prices in general have risen over any given period. You will also look at the important statistical and mathematical ideas that contribute to the construction of a price index.<link rel="canonical" href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0" /> First published on Fri, 29 Jul 2011 as <a href="http://www.open.edu/openlearn/science-maths-technology/mathematics-and-statistics/mathematics-education/prices/content-section-0">Prices</a>. To find out more visit The Open University's <a href="http://www.open.edu/openlearn/ole-home-page">Openlearn</a> website. Creative-Commons 2011