7. Compute by Fisher's formula the Quantity Index Number from the data given below 1994 1996 Articles Price Total Value Price Total Value A 5 50 4 48 B 48 7. 49 18 5 20
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- The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year. Commodity 2000 2005 Price (K) Quantity Price (K) Quantity A 15 15 22 12 B 20 5 27 4 C 4 10 7 5 Compute the following price index numbers for 2005 from the above table: Laspeyre’s price index number Paasche’s price index numberThe following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year. Commodity 2000 2005 Price (K) Quantity Price (K) Quantity A B C 15 20 4 15 5 10 22 27 7 12 4 5 Compute the following price index numbers for 2005 from the above table: i. Laspeyre’s price index number ii. Paasche’s price index numberThe following table is a selection of average prices for a gallon of gas in the United States. Year Gas Price Index Value 2000 $1.48 [A] 2001 $1.42 [B] 2004 $1.85 [C] 2007 $2.80 [D] Build an index from these values, using 2001 as the base year. Round each index value to the nearest tenth. [A] = [B] = [C] = [D] =
- Construct index number of price from the following data byapplying: 1)Paasche’s method Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2010 as the base. 2010 2018 Item Price (in $) Quantity Price (in $) Quantity Washer 0.07 17,000 0.10 20,000 Cotter pin 0.04 125,000 0.03 130,000 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 a. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) b. Determine the Paasche price index. (Round your answer to 2 decimal places.)The following information is on food items for the years 2010 and 2018. 2010 2018 Item Price Quantity Price Quantity Margarine (pound) $0.81 18 $0.86 27 Shortening (pound) 0.81 5 0.91 9 Milk (1/2 gallon) 1.45 70 1.41 65 Potato chips 2.95 27 3.09 33 Compute a simple aggregate price index. Use 2010 as the base period. (Round your answer to 2 decimal places.)
- Construct index number of price from the following data byapplying: a ) Laspeyre’s method Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13Calculate the Price and Quantity Index numbers based on the following data; Use any two methods mentioned below. 1) Paaschey's Method 2)Fisher's Method 3) Laspeyre's Method. Data is attached in the image.The following table provides information on the number of claims (in 1 000s), as well as the average value of claims (in R 1000) for the year 2003 and 2006 at a certain medical aid. Type of claim 2003 2006 Number of claims Average claim Number of claims Average claims G.practitioners 22 42 32 56 Medicine 55 120 78 158 Dental 16 190 26 180 Specialist 36 220 28 260 Hospitalisation 18 360 20 420 Find the Paasche quantity indices for 2006 with 2003 as the base period for the claims of the medical aid company.
- Construct index number of price from the following data byapplying: Marshall-Edgeworth’s methodand comment on the results. Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13The following information is on food items for the years 2010 and 2018. 2010 2018 Item Price Quantity Price Quantity Margarine (pound) $0.81 18 $2.00 27 Shortening (pound) 0.84 2 1.88 9 Milk (1/2 Gallon) 1.44 74 2.89 63 Potato Chips 2.91 26 3.99 32 Compute Paasche’s index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)Which EWMA chart below will yield ARL performance most close to that of cusum chart with k=1/2 and h=5? a. L=2.814, lamda=0.10 b. L=2.615, lamda=0.05 c. L=2.998, lamda=0.25 d. L=3.054, lamda=0.40 e. L=2.962, lamda=0.20