The table below shows the price and quantities of smart phones sold by Ventury Sdn Bhd during a three year period. Year Brand M Brand N Brand S Price Quantity Price Quantity Price Quantity (RM) (RM) (RM) 2006 550 400 700 550 430 250 2007 500 350 760 600 450 225 2008 400 300 750 700 455 250 (i) Calculate the Laspeyres Price index for smart phones for each year taking 2006 as the base year. (ii) What is the percentage increase in smart phones prices from 2007 to 2008?
The table below shows the price and quantities of smart phones sold by Ventury Sdn Bhd during a three year period. Year Brand M Brand N Brand S Price Quantity Price Quantity Price Quantity (RM) (RM) (RM) 2006 550 400 700 550 430 250 2007 500 350 760 600 450 225 2008 400 300 750 700 455 250 (i) Calculate the Laspeyres Price index for smart phones for each year taking 2006 as the base year. (ii) What is the percentage increase in smart phones prices from 2007 to 2008?
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 22E
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