Question: The following data represent the mean prices per pound of fresh tomatoes from 1980 through 1989 Complete parts (a) through (e) a. Calculate the

The following data represent the mean prices per pound of fresh tomatoes

The following data represent the mean prices per pound of fresh tomatoes from 1980 through 1989 Complete parts (a) through (e) a. Calculate the simple price indexes for 1980 through 1989, using 1980 as the base year. Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 price 0 764 0 713 0 715 0 874 0 868 1 118 0 999 0 984 1 086 1186 Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 Price rice Index (Base = 1980) 0764 0.713 0.715 0.874 0.868 1.1 18 0.999 0.984 1.086 1.186 (Round to two decimal places as needed)

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