A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices. in the year 2000, are reported in the following table. Shipments Price/Shipment Commodity 2000 2015 2000 A 120 95 $1,200 B 88 77 $1,800 с 40 55 $2,000 D 60 70 $1,500 Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.) 12015 = Comment on the growth or decline in quantities over the 2000-2015 period. O Quantities are up substantially, by more than 5%. O Quantities are up slightly, by less than 5%. Quantities are down slightly, by less than 5%. Quantities are down substantially, by more than 5%.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices
in the year 2000, are reported in the following table.
Shipments
Price/Shipment
Commodity
2000 2015
2000
A
120
95
$1,200
B
88
77
$1,800
с
40
55
$2,000
D
60
70
$1,500
Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.)
12015 =
Comment on the growth or decline in quantities over the 2000-2015 period.
Quantities are up substantially, by more than 5%.
O Quantities are up slightly, by less than 5%.
Quantities are down slightly, by less than 5%.
Quantities are down substantially, by more than 5%.
Transcribed Image Text:A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices in the year 2000, are reported in the following table. Shipments Price/Shipment Commodity 2000 2015 2000 A 120 95 $1,200 B 88 77 $1,800 с 40 55 $2,000 D 60 70 $1,500 Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.) 12015 = Comment on the growth or decline in quantities over the 2000-2015 period. Quantities are up substantially, by more than 5%. O Quantities are up slightly, by less than 5%. Quantities are down slightly, by less than 5%. Quantities are down substantially, by more than 5%.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman