Shown here are retail price figures and quantity estimates for five different food commodities over 3 years. Use these data and a base year of 2011 to compute Un-weighted aggregate price indexes for this market basket of food. Using a base year of 2011, calculate Laspeyres price indexes and Paasche price indexes for 2012 and2013.
Answer to relevant QuestionsGiven below are data on the number of business establishments (millions) and the self-employment rate (%) released by the Small Business Administration, Office of Advocacy, for a 21-year period of U.S. business activity. ...Use both a linear and quadratic model to explore trends in the de-seasonalized data from Problem 15.40. Which model seems to produce a better fit of the data?Industrial Machinery andTime Period ........ Equipment ...Use the following data and α = .01 to determine whether the observed frequencies represent a uniform distribution.Category .... fo1 ........ 192 ........ 173 ........ 144 ....... 185 ...... 196 ........ 217 ........ 188 ...Use the following contingency table to test whether variable 1 is independent of variable 2.Let a α =.01.Is a manufacturer’s geographic location independent of type of customer? Use the following data for companies with primarily industrial customers and companies with primarily retail customers to test this question. Let α ...
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