From the data given below, compute price index numbers using (i) weighted arithmetic average of price relatives, (ii) weighted geometric mean of price relatives. Group Prices in 2010 (5).) Prices in 2013 ) Weights Food 100 90 30 Rent 20 20 15 Clothing Fuel Others 70 60 20 20 15 10 40 55 25

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
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Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 5CT
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From the data given below, compute price index numbers using (i) weighted
arithmetic average of price relatives, (ii) weighted geometric mean of price relatives.
Group
Prices in 2010 () .)
Prices in 2013 )
Weights
Food
100
90
30
Rent
20
20
15
Clothing
70
60
20
Fuel
Others
20
15
10
40
55
25
Transcribed Image Text:From the data given below, compute price index numbers using (i) weighted arithmetic average of price relatives, (ii) weighted geometric mean of price relatives. Group Prices in 2010 () .) Prices in 2013 ) Weights Food 100 90 30 Rent 20 20 15 Clothing 70 60 20 Fuel Others 20 15 10 40 55 25
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