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 cases for 2011 follow. Use 2011 as the base period. Unit Price ($) 2011 Quantity (cases) Item 2011 2014 Beer 30,000 19.50 20.15 Wine 5,000 100.00 116.00 Soft drink 60,000 8.00 8.80 Compute the price relatives for this company's products. (Round your answers to two decimal places.) Item Price Relative Beer Wine Soft drink Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.) weighted average of price relatives index weighted aggregate price index
A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold cases for 2011 follow. Use 2011 as the base period. Unit Price ($) 2011 Quantity (cases) Item 2011 2014 Beer 30,000 19.50 20.15 Wine 5,000 100.00 116.00 Soft drink 60,000 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 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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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
Transcribed Image Text: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 ($)
2011 Quantity
(cases)
Item
2011
2014
Вer
30,000
19.50
20.15
Wine
5,000
100.00
116.00
Soft drink
60,000
8.00
8.80
Compute the price relatives for this company's products. (Round your answers to two decimal places.)
Item
Price Relative
Вer
Wine
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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