A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period. Unit Price ($)Item2011 Quantity(cases)20112014Beer35,00018.5020.15Wine5,000100.00116.00Soft drink50,0008.008.80Compute the price relatives for this company's products. (Round your answers to two decimal places.)ItemPrice RelativeBeer?Wine116Soft drink?Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.)weighted average of price relatives index =??weighted aggregate price index =??

Item 2011 Quantity(cases) 2011 2014 Beer 35,000 18.50 20.15 Wine 5,000 100.00 116.00 Soft…

Answered: A certain beverage company provides a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period.

	Unit Price ($)
Item	2011 Quantity (cases)	2011	2014
Beer	35,000	18.50	20.15
Wine	5,000	100.00	116.00
Soft drink	50,000	8.00	8.80

Compute the price relatives for this company's products. (Round your answers to two decimal places.)

Item	Price Relative
Beer	?
Wine	116
Soft drink	?

Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.)

weighted average of price relatives index =??

weighted aggregate price index =??

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