Calculate the Laspeyres Quantity Index using 2007 as the base year (rounded off to two decimals).A. 124.59B. 91.32O C. 109.50D. 110.56 House of coffees imports and distributes ground coffee to over 300 retailers countrywide. The company has kept records of the unit price paid per kilogram and the number of kilograms imported ofits four major coffee types. Data for 2007 and 2010 is shown in the table below:Coffee20072010ТуреUnit PriceQuantityUnit PriceQuantity(R/kg)(1000kg)(R/kg)(1000kg)Java85529846Colombia64757406Sumatra1151813320Mocha3814442168Calculate the Laspeyres Quantity Index using 2007 as the base year (rounded off to two decimals).

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Calculate the Laspeyres Quantity Index using 2007 as the base year (rounded off to two decimals).

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter10: Exponential And Logarithmic Functions

Section10.3: Evaluate And Graph Logarithmic Functions

Problem 10.53TI: In 1906, San Francisco experienced an intense earthquake with a magnitude of 7.8 on the Richter...

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Question

Calculate the Laspeyres Quantity Index using 2007 as the base year (rounded off to two decimals).
A. 124.59
B. 91.32
O C. 109.50
D. 110.56

House of coffees imports and distributes ground coffee to over 300 retailers countrywide. The company has kept records of the unit price paid per kilogram and the number of kilograms imported of
its four major coffee types. Data for 2007 and 2010 is shown in the table below:
Coffee
2007
2010
Туре
Unit Price
Quantity
Unit Price
Quantity
(R/kg)
(1000kg)
(R/kg)
(1000kg)
Java
85
52
98
46
Colombia
64
75
74
06
Sumatra
115
18
133
20
Mocha
38
144
42
168
Calculate the Laspeyres Quantity Index using 2007 as the base year (rounded off to two decimals).

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