For Exercises 39 through 44, use the following price information for selected foods for 2015 and 2022
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For Exercises 39 through 44, use the following price information for selected foods for 2015 and 2022 given in the table.
Compute a simple price index for each of the four items. Use 2015 as the base period.
Transcribed Image Text:
Item Cabbage (pound) Carrots (bunch) Peas (quart) Endive (bunch) 2015 $0.06 0.10 0.20 0.15 Price 2022 $0.05 0.12 0.18 0.15 Quantity 2015 2,000 200 400 100 2022 1,500 200 500 200
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781265779696
19th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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