Average prices received and corresponding total production for the five leadıng grain crops in Kansas are given here for 2004 and 2005. Сrop Price bushel ($) per 2004 Production (mil bushels) 2004 2005 2005 Corn 2.76 2.99 1355 1325 Soybeans 5.88 6.95 435 464 Wheat 2.65 3.44 1289 1370 Oats 1 29 201

MATLAB: An Introduction with Applications
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1)
Average prices received and corresponding total production for the five
leading grain crops in Kansas are given here for 2004 and 2005.
Crop
Price per bushel ($)
2004
Production (mil bushels)
2004
2005
2005
Corn
2.76
2.99
1355
1325
Soybeans
5.88
6.95
435
464
Wheat
2.65
3.44
1289
1370
Oats
1.29
2.01
18
16
Calculate and interpret a Fisher Ideal Quantity Index for 2005.||
Transcribed Image Text:1) Average prices received and corresponding total production for the five leading grain crops in Kansas are given here for 2004 and 2005. Crop Price per bushel ($) 2004 Production (mil bushels) 2004 2005 2005 Corn 2.76 2.99 1355 1325 Soybeans 5.88 6.95 435 464 Wheat 2.65 3.44 1289 1370 Oats 1.29 2.01 18 16 Calculate and interpret a Fisher Ideal Quantity Index for 2005.||
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