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Below are the commodity data. Determine (a) Laspeyer's price index and Laspeyer's quantity index. (b) Paasche's price index and Paasche's quantity index. (c) Fisher's ideal index (both Price and Quantity) January 2020 Price (S) 5.49 January 2020 Quantity January 2021 Price (S) January 2021 Quantity Commodity Toothpaste Shampoo Cough tablets Antiperspirant 2 4.45 3 4.29 3 6.29 3.79 4 5.67 4 4.29 4.89 6

Below are the commodity data. Determine (a) Laspeyer's price index and Laspeyer's quantity index. (b) Paasche's price index and Paasche's quantity index. (c) Fisher's ideal index (both Price and Quantity) January 2020 Price (S) 5.49 January 2020 Quantity January 2021 Price (S) January 2021 Quantity Commodity Toothpaste Shampoo Cough tablets Antiperspirant 2 4.45 3 4.29 3 6.29 3.79 4 5.67 4 4.29 4.89 6

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
Problem 15SBE
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Data: 

20
16
27
12
19
9
15
3
11
14
20
7
30
4
23
19
7
25
28
7
26
23
21
11
6
4
26
25
29
22
2
29
7
25
6
19
23
20
13
15
27
1
8
23
23
28
11
6
17
10

Name: Zeeshan Fayyaz
Registration No: MS120192035

Below are the commodity data. Determine (a) Laspeyer's price index and Laspeyer's quantity index. (b) Paasche's price index and Paasche's quantity index. (c) Fisher's ideal index (both Price and Quantity) January 2020 Price (S) Q2. January 2020 Quantity January 2021 Price (S) 4.45 January 2021 Quantity Commodity Toothpaste Shampoo Cough tablets Antiperspirant 5.49 2 3 4.29 3 6.29 3.79 4 5.67 4 4.29 4.89
Transcribed Image Text:Below are the commodity data. Determine (a) Laspeyer's price index and Laspeyer's quantity index. (b) Paasche's price index and Paasche's quantity index. (c) Fisher's ideal index (both Price and Quantity) January 2020 Price (S) Q2. January 2020 Quantity January 2021 Price (S) 4.45 January 2021 Quantity Commodity Toothpaste Shampoo Cough tablets Antiperspirant 5.49 2 3 4.29 3 6.29 3.79 4 5.67 4 4.29 4.89
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