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 2,500 10.50 15.90 5,000 16.25 31.00 6,000 12.20 17.40 D 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.) I, - 160.9515

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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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 ($)
Base-Period
Products
Quantities (Year 1)
Year 1
Year 5
2,500
10.50
15.90
В
5,000
16.25
31.00
6,000
12.20
17.40
D
2,500
20.00
35.50
Use the price data to compute
Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.)
Is = 160.9515
Transcribed Image Text:A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Base-Period Products Quantities (Year 1) Year 1 Year 5 2,500 10.50 15.90 В 5,000 16.25 31.00 6,000 12.20 17.40 D 2,500 20.00 35.50 Use the price data to compute Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.) Is = 160.9515
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