A plumber has recorded the unit price and quantities sold of three models of the sinks for 2018 and 2019. In 2018 Model A: sold for R 250 with 10 units Model B: sold for R 350 with 20 units Model C: sold for R 450 with 25 units In 2019 Model A: sold for R 200 with 15 units Model B: sold for R 400 with 30 units Model C: sold for R 300 with 20 units Calculate the composite quantity index for 2019 with 2018 as the base period (Give your answer in percentage format (do not include % sign) and Round off your final answer to 1 decimal places) (1) The Lasperyres weighted aggregate (2) The Paasche weighted aggregate method
A plumber has recorded the unit price and quantities sold of three models of the sinks for 2018 and 2019. In 2018 Model A: sold for R 250 with 10 units Model B: sold for R 350 with 20 units Model C: sold for R 450 with 25 units In 2019 Model A: sold for R 200 with 15 units Model B: sold for R 400 with 30 units Model C: sold for R 300 with 20 units Calculate the composite quantity index for 2019 with 2018 as the base period (Give your answer in percentage format (do not include % sign) and Round off your final answer to 1 decimal places) (1) The Lasperyres weighted aggregate (2) The Paasche weighted aggregate method
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A plumber has recorded the unit price and quantities sold of three models of the sinks for 2018 and 2019. In 2018 Model A: sold for R 250 with 10 units Model B: sold for R 350 with 20 units Model C: sold for R 450 with 25 units In 2019 Model A: sold for R 200 with 15 units Model B: sold for R 400 with 30 units Model C: sold for R 300 with 20 units Calculate the composite quantity index for 2019 with 2018 as the base period (Give your answer in percentage format (do not include % sign) and Round off your final answer to 1 decimal places)
(1) The Lasperyres weighted aggregate
(2) The Paasche weighted aggregate method
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman