Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base. Fruit Bananas (pound) Grapefruit (each) Apples (pound) Strawberries (basket) Oranges (bag) Fruit Bananas Grapefruit Apples Strawberries Oranges Price $0.24 0.28 0.34 1.03 0.91 Simple index Simple aggregate price index 2010 Laspeyres price index Quantity Price 100 $0.34 0.50 0.68 2.42 1.01 50 85 %media:2excel.ext% Click here for the Excel Data File a. Determine the simple price indexes. (Round your answers to 2 decimal places.) 8 6 2018 Quantity 116 51 85 10 11 b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.) c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.)
Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base. Fruit Bananas (pound) Grapefruit (each) Apples (pound) Strawberries (basket) Oranges (bag) Fruit Bananas Grapefruit Apples Strawberries Oranges Price $0.24 0.28 0.34 1.03 0.91 Simple index Simple aggregate price index 2010 Laspeyres price index Quantity Price 100 $0.34 0.50 0.68 2.42 1.01 50 85 %media:2excel.ext% Click here for the Excel Data File a. Determine the simple price indexes. (Round your answers to 2 decimal places.) 8 6 2018 Quantity 116 51 85 10 11 b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.) c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.)
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
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 1E: Valentines Day According to the National Retail Federation, on Valentines Day 2015, American men...
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