The prices and the numbers of various items produced by a small machine and stamping plant are

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The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2000 as the base.

a. Determine the simple price indexes.
b. Determine the simple aggregate price index price index. for the two years.
c. Determine Laspeyres price index.
d. Determine the Paasche
e. Determine Fisherâ€™s idealindex.

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 09:26 AM

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The prices and the numbers of various items produced by a small machine and stamping plant are

Question:

2014 Price Item Washer Cotter pin Stove bolt Hex nut $0.07 0.04 0.15 0.08 Quantity 17,000 125,000 40,000 62,000 $0.10 0.03 0.15 0.10 Quantity 20,000 130,000 42,000 65,000

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Statistical Techniques in Business and Economics

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