1st, compute the production indexes for aluminum, fertilizer, and lumber with time period 1 as the base period. Next compute the composite production index as a weighted average of the 3 indexes. Aluminum has a weight of 0.2, Fertilizer of 0.5, and Lumber of 0.3. This gives an weighted composite index value of period 5. for time

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 70E
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1st, compute the production indexes for aluminum, fertilizer, and lumber with time
period 1 as the base period. Next compute the composite production index as a
weighted average of the 3 indexes. Aluminum has a weight of 0.2, Fertilizer of 0.5,
and Lumber of 0.3. This gives an weighted composite index value of
period 5.
for time
124.8
O 119.2
134.7
O 129.9
Quantity
Time Period Aluminum Fertilizer Lumber
Quantity Quantity
525
575
500
57 10,000
62
68
9,500
11,000
74 10,000
12,000
625
600
81
23
45
Transcribed Image Text:1st, compute the production indexes for aluminum, fertilizer, and lumber with time period 1 as the base period. Next compute the composite production index as a weighted average of the 3 indexes. Aluminum has a weight of 0.2, Fertilizer of 0.5, and Lumber of 0.3. This gives an weighted composite index value of period 5. for time 124.8 O 119.2 134.7 O 129.9 Quantity Time Period Aluminum Fertilizer Lumber Quantity Quantity 525 575 500 57 10,000 62 68 9,500 11,000 74 10,000 12,000 625 600 81 23 45
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