7. Calculate the weighted price index from the following data : Quantity required Price during 1995 Material Unit required 1994 i $ 8.0 14.2 42.0 24.0 100 lb. 500 lb. 5.0 Cement Timber c.ft. Steel sheet: Bricks 2,000 c.ft. 50 cwt. 20,000 9.5 34.0 12.0 cwt. per '000

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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7. Calculate the weighted price index from the following data :
Quantity
required
Price during
1995
Materia!
Unit
1994 i
required
2$
$
8.0
Cement
Timber
Steel sheet:
Bricks
500 lb.
2,000 c.ft.
50 cwt.
5.0
9.5
100 lb.
c.ft.
14.2
34.0
12.0
cwt.
42.0
per '000
20,000
24.0
Transcribed Image Text:7. Calculate the weighted price index from the following data : Quantity required Price during 1995 Materia! Unit 1994 i required 2$ $ 8.0 Cement Timber Steel sheet: Bricks 500 lb. 2,000 c.ft. 50 cwt. 5.0 9.5 100 lb. c.ft. 14.2 34.0 12.0 cwt. 42.0 per '000 20,000 24.0
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