The prices and the numbers of various items used by a construction company listed below: Item 2015 Quantity 1700 2020 Quantity Price (RM) Price (RM) Cement 16 18 2000 Brick 2 125,000 2.5 130,000 TMX Steel 4 400 430 Binding Wire 40 600 42 630 Compute the Fisher's Ideal Price Index for 2020 using 2015 as the base neriod

MATLAB: An Introduction with Applications
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The prices and the numbers of various items used by a construction company are
listed below:
Item
2015
2020
Price (RM)
Quantity
1700
Price (RM)
Quantity
2000
Cement
16
18
125,000
400
Brick
2
2.5
130,000
TMX Steel
4
5
430
Binding Wire
Compute the Fisher's Ideal Price Index for 2020 using 2015 as the base period.
40
600
42
630
Transcribed Image Text:The prices and the numbers of various items used by a construction company are listed below: Item 2015 2020 Price (RM) Quantity 1700 Price (RM) Quantity 2000 Cement 16 18 125,000 400 Brick 2 2.5 130,000 TMX Steel 4 5 430 Binding Wire Compute the Fisher's Ideal Price Index for 2020 using 2015 as the base period. 40 600 42 630
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