Fruit prices and the amounts consumed for 2000 and 2014 are below. Use 2000 as the base.

Question:

a. Determine the simple price indexes.
b. Determine the simple aggregate price index price index. for the two years.
c. Determine Laspeyres price index.
d. Determine the Paasche
e. Determine Fisherâ€™s idealindex.

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 09:26 AM

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Fruit prices and the amounts consumed for 2000 and 2014 are below. Use 2000 as the base.

Question:

2000 2014 Price uantity P Quantity Fruit Bananas (pound) Grapefruit (each) Apples (pound) Strawberries (basket) Oranges (bag) $0.23 0.29 0.35 1.02 0.89 $0.69 1.00 1.89 3.79 2.99 100 50 85 120 85 10

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a b c d e P Pa 069 023 189 ...View the full answer

Statistical Techniques in Business and Economics

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