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