The table gives the price of a basket of groceries in a certain city from 2014 to

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The table gives the price of a basket of groceries in a certain city from 2014 to 2020. Find the simple index numbers for the data.

(a) Let 2014 be the base year.

(b) Let 2016 be the base year.

Year ................................ Price ($)
2014 ................................ 60.50
2015 ................................ 65.03
2016 ................................ 70.05
2017 ................................ 80.55
2018 ................................ 92.80
2019 ............................... 112.10

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Related Book For  answer-question

Business Analytics And Statistics

ISBN: 9780730363330

1st Edition

Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi

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