Use the data in question 2. (a) Find the weighted aggregative index for the cost of the

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Use the data in question 2.

(a) Find the weighted aggregative index for the cost of the alloy.

(b) How can you explain the values of these index numbers in view of the fact that only 2 out of 3 constituent metal prices rose?

Question 2

An alloy is made up of 27 % metal A, 34 % metal B, and 39 % metal C. During the past year, prices of the metals have changed as shown in the table. Find the simple aggregative index for the cost of the alloy. image text in transcribed

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:01 AM

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Use the data in question 2. (a) Find the weighted aggregative index for the cost of the

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Price per pound Metal ABC 1988 2.08 7.61 4.49 1989 3.48 7.78 3.80

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Statistics For Business And Financial Economics

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