STATISTICAL TECHNIQUES-ACCESS ONLY
STATISTICAL TECHNIQUES-ACCESS ONLY
16th Edition
ISBN: 9780077639648
Author: Lind
Publisher: MCG
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Chapter 18, Problem 2.2PT

Listed below are the price and quantity of several golf items purchased by members of the men’s golf league at Indigo Creek Golf and Tennis Club for 2009 and 2013.

Chapter 18, Problem 2.2PT, Listed below are the price and quantity of several golf items purchased by members of the men’s golf

  1. a. Determine the simple aggregate price index, with 2009 as the base period.
  2. b. Determine a Laspeyres price index.
  3. c. Determine the Paasche price index.
  4. d. Determine a value index.
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Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given. Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your answers to 1 decimal place.)
Use the following price information for selected foods for 2000 and 2013 given in the following table in the image. a. Compute a simple price index for each of the four items. Use 2000 as the base period. b. Compute a simple aggregate price index. Use 2000 as the base period. c.Compute Laspeyres’ price index for 2013 using 2000 as the base period.
Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given.

Chapter 18 Solutions

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