The following table shows the price of gold over the last 10 weeks. (a) Form a price
Question:
The following table shows the price of gold over the last 10 weeks.
(a) Form a price index, using week 1 as the base.
(b) Form a price index, using week 5 as the base.
Transcribed Image Text:
Week 1 2 3 4 5 6 7 8 9 10 Price per ounce ($) $410.82 401.95 391.56 382.10 392.45 403.10 412.60 392.45 399.75 402.58
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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