I llustration 13.2. Construct index number of prices from thefollowing data using (a) Laspeyre's (b) Paasche's (c) Marshall andEdgeworth and (d) Fisher's methods.19601970PriceQuantityPriceQuantityCommodityPoP16.501056B2100120C46060D103012248.401236

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Answered: llustration 13.2. Construct index…

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 23SBE

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Construct index number of price from the following data byapplying: 1)Paasche’s method Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13
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The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2010 as the base. 2010 2018 Item Price Quantity Price Quantity Washer $ 0.07 17,000 $ 0.10 20,000 Cotter pin 0.04 125,000 0.03 130,000 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 a. Determine the simple price indexes. (Round your answers to 2 decimal places.) 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.) d. Determine the Paasche price index. (Round your answer to 2 decimal places.) e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.)
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A glass manufacturing company wanted to investigate the effect of breakoff pressure and stopper height on the percentage of breaking off chips. The results are in the accompanying table. Complete parts (a) through (e). a. At the 0.01 level of significance is there an interaction between the breakoff pressure and the stopper height? b. is there an effect due to the breakoff pressure? c. is there an effect due to the stopper height? d. Plot the percentage breakoff for each breakoff pressure for each stopper height. e. Discuss the results of (a) through (d).

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llustration 13.2. Construct index number of prices from the following data using (a) Laspeyre's (b) Paasche's (c) Marshall and Edgeworth and (d) Fisher's methods. 1960 1970 Price Quanti ry Price Оиantity Commodity Po P1 A 6 S0 10 56 B 2 100 2 120 4 60 6 60 D 10 30 12 24 E 8 40 12 36