Please no written by hand and no emage Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base. 2010 2018 Fruit Price Quantity Price Quantity Bananas (pound) $ 0.27 100 $ 0.30 110 Grapefruit (each) 0.26 50 0.63 53 Apples (pound) 0.34 85 0.49 85 Strawberries (basket) 1.01 8 2.47 11 Oranges (bag) 0.91 6 1.23 9 a. Determine the simple price indexes. (Round your answers to 2 decimal places.) Bananas,Grapefruit,Apples,Strawberries,Oranges 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.)
Please no written by hand and no emage
Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base. 2010 2018 Fruit
a. Determine the simple price indexes. (Round your answers to 2 decimal places.)
Bananas,Grapefruit,Apples,Strawberries,Oranges
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.)
Step by step
Solved in 4 steps
