15.90 32.00 18.40 35.50

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 4GP
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A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products.
Mean Shipping Cost
per Unit ($)
Base-Period
Quantities (Year 1)
Products
Year 1
Year 5
A
2,000
10.50
15.90
B
5,000
16.25
32.00
6,000
12.20
18.40
2,500
20.00
35.50
Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,000, 3,000, 7,000, and 3,000 for products A, B, C, and
D, respectively. (Round your answer to the nearest integer.)
I5
Transcribed Image Text:A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Base-Period Quantities (Year 1) Products Year 1 Year 5 A 2,000 10.50 15.90 B 5,000 16.25 32.00 6,000 12.20 18.40 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,000, 3,000, 7,000, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.) I5
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