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b) The price and monthly quantities of five materials purchased by a manufacturer in the years 2020 and 2021 are shown in the following table. Material 2020 2021 Price (RM) 10.50 5.35 Price Quantity 250 Quantity 240 11.10 6.25 A 530 545 8.20 186 9.20 194 D 3.70 420 4.30 470 E 4.60 380 5.20 390

b) The price and monthly quantities of five materials purchased by a manufacturer in the years 2020 and 2021 are shown in the following table. Material 2020 2021 Price (RM) 10.50 5.35 Price Quantity 250 Quantity 240 11.10 6.25 A 530 545 8.20 186 9.20 194 D 3.70 420 4.30 470 E 4.60 380 5.20 390

MATLAB: An Introduction with Applications
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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b) The price and monthly quantities of five materials purchased by a manufacturer in the years 2020 and 2021 are shown in the following table. Material 2020 2021 Price (RM) 10.50 5.35 Quantity 250 530 Price 11.10 6.25 9.20 4.30 Quantity 240 A B 545 C 8.20 186 194 D 3.70 420 470 E 4.60 380 5.20 390 (i) Compute Laspeyres's Quantity Index for 2021 using 2020 as the base period and interpret the result. (ii) Compute Paasche's Price Index for 2021 using 2020 as the base period and interpret the result.
Transcribed Image Text:b) The price and monthly quantities of five materials purchased by a manufacturer in the years 2020 and 2021 are shown in the following table. Material 2020 2021 Price (RM) 10.50 5.35 Quantity 250 530 Price 11.10 6.25 9.20 4.30 Quantity 240 A B 545 C 8.20 186 194 D 3.70 420 470 E 4.60 380 5.20 390 (i) Compute Laspeyres's Quantity Index for 2021 using 2020 as the base period and interpret the result. (ii) Compute Paasche's Price Index for 2021 using 2020 as the base period and interpret the result.
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