From the data given below construct the quantity index number for the current year using arithmetic mean under the weighted relative method. Base Year Current Year Commodity Price Quantity Price Quantity M 40 6 50 N 4 50 8 40 20 9. 30 8 10 20 Q 10 10 5 20

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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From the data given below construct the quantity index number for the current
year using arithmetic mean under the weighted relative method.
Base Year
Current Year
Commodity
Price
Quantity
Price
Quantity
M
2
40
50
4
50
8.
40
20
9.
30
P
8.
10
6.
20
Q
10
10
5
20
Transcribed Image Text:From the data given below construct the quantity index number for the current year using arithmetic mean under the weighted relative method. Base Year Current Year Commodity Price Quantity Price Quantity M 2 40 50 4 50 8. 40 20 9. 30 P 8. 10 6. 20 Q 10 10 5 20
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