Compute a simple price index for each of the four items. Use 2010 as the base period.

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Price Quantity Item 2010 2018 2010 2018 Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) $0.82 $0.86 1,000 1,200 4.37 2.99 5,000 4,000 71.21 58.15 60,000 60,000 1,743.60 1,292.53 500 600

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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Question Posted: Dec 14, 2020 12:36 AM

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Compute a simple price index for each of the four items. Use 2010 as the base period.

Question:

Price Quantity Item 2010 2018 2010 2018 Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) $0.82 $0.86 1,000 1,200 4.37 2.99 5,000 4,000 71.21 58.15 60,000 60,000 1,743.60 1,292.53 500 600

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Statistical Techniques In Business And Economics

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