A recipe for a vegan cake is made up of three ingredients, A, B, and C....
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A recipe for a vegan cake is made up of three ingredients, A, B, and C. The table below displays the quantities used to make this cake and their prices in 2020 and 2021. Calculate the Weighted Aggregate Index to the nearest whole number. Weighting 2020 Price 2021 Price (W) (VO) (Vn) A 6 B 6 C 2 You can use: 7.35 3.45 4.40 7.45 5.60 6.70 • the 'Index Numbers' spreadsheet in the Test 3 Data File in Excel EwVn • and the following formula: Weighted Aggregate Index = ΣwVo Answer: to help you with your calculations. x 100 A recipe for a vegan cake is made up of three ingredients, A, B, and C. The table below displays the quantities used to make this cake and their prices in 2020 and 2021. Calculate the Weighted Aggregate Index to the nearest whole number. Weighting 2020 Price 2021 Price (W) (VO) (Vn) A 6 B 6 C 2 You can use: 7.35 3.45 4.40 7.45 5.60 6.70 • the 'Index Numbers' spreadsheet in the Test 3 Data File in Excel EwVn • and the following formula: Weighted Aggregate Index = ΣwVo Answer: to help you with your calculations. x 100
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Answer rating: 100% (QA)
WEIGHTW Vo Vn WVo WVn A 6 735 745 441 447 B 6 345 56 207 ... View the full answer
Related Book For
Probability And Statistics
ISBN: 9780321500465
4th Edition
Authors: Morris H. DeGroot, Mark J. Schervish
Posted Date:
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