Use the data in question 50, and use week 1 as the base, to compute the value
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Use the data in question 50, and use week 1 as the base, to compute the value indexes.
Question 50
The following table shows the price and volume (in thousands) for shirts and pants at Snappy Dresser Department Store.
Compute the value indexes using week 12 as the base.
Transcribed Image Text:
Month 1 2 3 4 5 6 7 8 9 10 11 12 Shirts Price $27.00 23.27 28.95 32.45 22.45 19.95 21.23 27.22 22.95 19.90 24.95 22.95 Volume 50 61 49 42 50 75 62 55 57 70 62 66 Pants Price $62.00 54.25 57.00 48.27 49.75 52.20 47.50 45.10 40.00 35.00 44.21 48.95 Volume 35 37 38 54 60 55 58 62 75 77 63 64
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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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