Article Price 2003 Amount 2003 Price 2006 Amount 2006 nails (dozen) $2.49 6 $2.69 6 wire(kg) $3.29 4 $3.59 5 wire rod(kg) $1.59 2 $1.79 3 rings(pzas) $1.79 3 $2.29 4 The data are the prices in pesos of a group of products used in the housing construction industry and the quantities consumed in the years 2003 and 2006 Based on the year 2003, determine: a) Simple indexes of prices, quantity and value of rings b) Simple wire price, quantity and value indices c) Laspeyres price index
Article Price 2003 Amount 2003 Price 2006 Amount 2006 nails (dozen) $2.49 6 $2.69 6 wire(kg) $3.29 4 $3.59 5 wire rod(kg) $1.59 2 $1.79 3 rings(pzas) $1.79 3 $2.29 4 The data are the prices in pesos of a group of products used in the housing construction industry and the quantities consumed in the years 2003 and 2006 Based on the year 2003, determine: a) Simple indexes of prices, quantity and value of rings b) Simple wire price, quantity and value indices c) Laspeyres price index
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 8PPS
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Article |
Price 2003 |
Amount 2003 |
Price 2006 |
Amount 2006 |
|
nails (dozen) |
$2.49 | 6 | $2.69 | 6 | |
wire(kg) | $3.29 | 4 | $3.59 | 5 | |
wire rod(kg) | $1.59 | 2 | $1.79 | 3 | |
rings(pzas) | $1.79 | 3 | $2.29 | 4 |
The data are the prices in pesos of a group of products used in the housing construction industry and the quantities consumed in the years 2003 and 2006
Based on the year 2003, determine:
a) Simple indexes of prices, quantity and value of rings
b) Simple wire price, quantity and value indices
c) Laspeyres price index
d) Paasche price index
e) Fisher Price Index
f) Relative weighted average of prices
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