Suppose on average a male shaver in 2001 bought one razor handle and used 17 razor blades
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Suppose on average a male shaver in 2001 bought one razor handle and used 17 razor blades in a year and that the price relatives for 2001 to 2011 are as appears in the following table on next page. Develop a Male Shaver Expense Index based on weighted price relatives for 2011.
Transcribed Image Text:
2001 per Capita Use Base Price (S) 7.46 1.90 2001-2011 Price Relatives 126.9 153.7 Item Razor handle Blades 17
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Related Book For
Statistics For Business & Economics
ISBN: 9781285846323
12th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran
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