# Suppose the following data represent the price of 20 reams of office paper over a 50-year time frame. Find the simple index numbers for the data. a. Let 1950 be the base year. b. Let 1980 be the baseyear. Year Year 1980 1985 1990 1995 2000 2005 Price Price 1950 1955 1960 1965 1970 1975 $22.45 31.40 32.33 36.50 44.90

Suppose the following data represent the price of 20 reams of office paper over a 50-year time frame. Find the simple index numbers for the data.

a. Let 1950 be the base year.

b. Let 1980 be the baseyear.

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## Business Statistics for Contemporary Decision Making

6th Edition

Authors: Ken Black

ISBN: 978-0470910184