The following are the prices of commodities in 2016 and 2017. Calculate a price index based on price relatives, using the geometric mean : Commodity D Year A B C F 2016 45 60 20 50 85 120 2017 55 70 30 75 90 130

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 5CT
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The following are the prices of commodities in 2016 and 2017. Calculate a
price index based on price relatives, using the geometric mean :
Commodity
C
Year
A
В
E
F
2016
45
60
20
50
85
120
2017
55
70
30
75
90
130
Transcribed Image Text:The following are the prices of commodities in 2016 and 2017. Calculate a price index based on price relatives, using the geometric mean : Commodity C Year A В E F 2016 45 60 20 50 85 120 2017 55 70 30 75 90 130
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