Find the simple aggregative index number for the following data. (a) Find the Laspeyres index number. (b)

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Find the simple aggregative index number for the following data. image text in transcribed

(a) Find the Laspeyres index number.

(b) Find the Paasche index number.

(c) Find the ideal index number.

(d) Find a physical volume index for 1989, weighting quantities with 1972 base-year prices.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:01 AM

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Find the simple aggregative index number for the following data. (a) Find the Laspeyres index number. (b)

Question:

Item ABC C 1972 Unit price $2.50 16.00 9.50 Unit sold 400 150 250 1989 Unit price $4.00 19.50 16.00 Unit sold 650 175 350

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Statistics For Business And Financial Economics

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