A company uses 3 machines X,Y and Z for their production. The company repairs eachmachine every time in breaks down and keeps a record of the number of breakdowns and thecost of each repair. The records for 2016 and 2021 are shown below.20162021MachineCost of eachrepair (Rands)1000Cost of eachNumber ofNumber ofrepair (Rands)800breakdownsbreakdowns1014Y400138002020006.24008The cost of repair of each machine is fixed throughout the year,time machine X broke down, it cost R800 to fix it.for example in 2016, everyAdapt the formula for the Laspeyres Price Index to calculate the Laspeyres "Cost of repair"Index for 2021 using 2016 as the base year.A. 137.5В. 138.1C. 139.8D. 140.0

Laspeyre's price index formula: P01L=∑p1q0∑p0q0×100 Where, p0= price of commodity in the base yr p1…

Answered: A company uses 3 machines X,Y and Z for…

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 company uses 3 machines X,Y and Z for their production. The company repairs each machine every time in breaks down and keeps a record of the number of breakdowns and the cost of each repair. The records for 2016 and 2021 are shown below.