A retail analyst seeking to unpack the impact of Covid-19 pandemic on small retail enterprises in Soweto obtained the following prices (in Rands) and quantities (in kg) of four popular commodities – A, B, C and D – sold by 50 Soweto-based small retail enterprises during 2018 (pre-Covid-19) and in 2021, at the height of Covid-19. Table E below represents the aggregate retail data obtained from the 50 randomly surveyed Soweto-based small retail enterprises. Using 2018 as the base year, you estimated that the ----------- Index for 2021 to be 119.20. A. Laspeyre’s Price B. Paasche’s Quantity C. Laspeyre’s Quantity D. Paasche’s Price
A retail analyst seeking to unpack the impact of Covid-19 pandemic on small retail enterprises in Soweto obtained the following prices (in Rands) and quantities (in kg) of four popular commodities – A, B, C and D – sold by 50 Soweto-based small retail enterprises during 2018 (pre-Covid-19) and in 2021, at the height of Covid-19. Table E below represents the aggregate retail data obtained from the 50 randomly surveyed Soweto-based small retail enterprises. Using 2018 as the base year, you estimated that the ----------- Index for 2021 to be 119.20. A. Laspeyre’s Price B. Paasche’s Quantity C. Laspeyre’s Quantity D. Paasche’s Price
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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A retail analyst seeking to unpack the impact of Covid-19 pandemic on small retail enterprises in Soweto
obtained the following prices (in Rands) and quantities (in kg) of four popular commodities – A, B, C and D –
sold by 50 Soweto-based small retail enterprises during 2018 (pre-Covid-19) and in 2021, at the height of
Covid-19. Table E below represents the aggregate retail data obtained from the 50 randomly surveyed
Soweto-based small retail enterprises.
Using 2018 as the base year, you estimated that the ----------- Index for 2021 to be 119.20.
A. Laspeyre’s Price
B. Paasche’s Quantity
C. Laspeyre’s Quantity
D. Paasche’s Price
Transcribed Image Text:Table E: Aggregate retail data obtained from 50 Soweto-based small retail enterprises in a survey
2018 (Pre-Covid-19)
Commodity
A
B
C
D
Average price
(Rands per unit)
15
10
8
12
Total quantity sold
(units)
80 000
100 000
150
000
90 000
2021 (At the height of Covid-19)
Average price
(Rands per unit)
17
12
11
18
Total quantity sold
(units)
140 000
80 000
200 000
70 000
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