The information provided on the Groceries worksheet in the data pack reports the quantities and prices...

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The information provided on the “Groceries" worksheet in the data pack reports the quantities and prices (measured in dollars) for a selection of items sold by a grocery store on the same day of the year in 2012 (the base period) and 2022.4 a. Construct and interpret a Laspeyres price index. e b. Construct and interpret a Paasche price index. e c. Construct and interpret a Fisher's Ideal price index. e 2012 2022 Item Price Quantity Price Quantity Tomatoes 1.49 65 1.77 60 Ice Cream 7.99 25 8.49 30 Green Peppers 1.99 36 1.54 42 Juice Smoothie 3.99 18 6.99 30 Sliced Bacon 4.49 20 8.49 29 Sausage Rolls Chicken Nuggets 2.49 15 2.49 8 11.99 9 13.99 12 Pork Tenderloin 4.99 24 6.93 18 Hot Cross Buns 3.99 16 3.99 10 Chocolate Chip Cookies 7.49 5 5.99 9 Pumpkin Pie 5.99 4 8.49 4 Whole Roasted Chicken 8.49 15 15.40 22 Cheese Slices 3.99 10 6.99 18 Tea 2.50 20 3.25 17 Maple Syrup Pepsi 9.99 8 11.99 2.49 13 2.99 21 Doritos 2.99 22 4.79 15 Special K Cereal Miracle Whip 3.99 8 5.99 7 3.99 9 4.49 18 Cottage Cheese Laundry Detergent Garbage Bags Toothpaste Eggs 4.99 17 6.69 17 7.99 7 11.99 16 4.99 23 7.49 15 1.99 38 2.29 26 3.99 34 5.49 34 The information provided on the “Groceries" worksheet in the data pack reports the quantities and prices (measured in dollars) for a selection of items sold by a grocery store on the same day of the year in 2012 (the base period) and 2022.4 a. Construct and interpret a Laspeyres price index. e b. Construct and interpret a Paasche price index. e c. Construct and interpret a Fisher's Ideal price index. e 2012 2022 Item Price Quantity Price Quantity Tomatoes 1.49 65 1.77 60 Ice Cream 7.99 25 8.49 30 Green Peppers 1.99 36 1.54 42 Juice Smoothie 3.99 18 6.99 30 Sliced Bacon 4.49 20 8.49 29 Sausage Rolls Chicken Nuggets 2.49 15 2.49 8 11.99 9 13.99 12 Pork Tenderloin 4.99 24 6.93 18 Hot Cross Buns 3.99 16 3.99 10 Chocolate Chip Cookies 7.49 5 5.99 9 Pumpkin Pie 5.99 4 8.49 4 Whole Roasted Chicken 8.49 15 15.40 22 Cheese Slices 3.99 10 6.99 18 Tea 2.50 20 3.25 17 Maple Syrup Pepsi 9.99 8 11.99 2.49 13 2.99 21 Doritos 2.99 22 4.79 15 Special K Cereal Miracle Whip 3.99 8 5.99 7 3.99 9 4.49 18 Cottage Cheese Laundry Detergent Garbage Bags Toothpaste Eggs 4.99 17 6.69 17 7.99 7 11.99 16 4.99 23 7.49 15 1.99 38 2.29 26 3.99 34 5.49 34

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Laspeyres Index Observation Price Base Qty E Base Price Base Qty For base year ... View the full answer