Below is information on food items for the years 2000 and 2009. a. Compute a simple price index for each of the four items. Use 2000 as the base period. b. Compute a simple aggregate price index. Use 2000 as the base period. c. Compute weighted aggregate index number. Use 2000 as the base period. 2000 2009 Item Price Quantity Price Quantity $2.00 Margarine (pound) Shortening (pound) Milk (½ gallon) Potato chips $0.81 18 27 0.84 5 1.88 9 1.44 70 2.89 65 2.91 27 3.99 33
Below is information on food items for the years 2000 and 2009. a. Compute a simple price index for each of the four items. Use 2000 as the base period. b. Compute a simple aggregate price index. Use 2000 as the base period. c. Compute weighted aggregate index number. Use 2000 as the base period. 2000 2009 Item Price Quantity Price Quantity $2.00 Margarine (pound) Shortening (pound) Milk (½ gallon) Potato chips $0.81 18 27 0.84 5 1.88 9 1.44 70 2.89 65 2.91 27 3.99 33
MATLAB: An Introduction with Applications
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Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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![Below is information on food items for the years 2000 and 2009.
a. Compute a simple price index for each of the four items. Use 2000 as the base period.
b. Compute a simple aggregate price index. Use 2000 as the base period.
c. Compute weighted aggregate index number. Use 2000 as the base period.
2000
2009
Item
Price
Quantity
Price
Quantity
$2.00
Margarine (pound)
Shortening (pound)
Milk (½ gallon)
Potato chips
$0.81
18
27
0.84
5
1.88
9
1.44
70
2.89
65
2.91
27
3.99
33](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0c64a851-976b-4295-858b-df6fc5d38251%2F9d7cab74-1bc4-4a11-8c55-11b8fa4b5900%2F62q2tkq.png&w=3840&q=75)
Transcribed Image Text:Below is information on food items for the years 2000 and 2009.
a. Compute a simple price index for each of the four items. Use 2000 as the base period.
b. Compute a simple aggregate price index. Use 2000 as the base period.
c. Compute weighted aggregate index number. Use 2000 as the base period.
2000
2009
Item
Price
Quantity
Price
Quantity
$2.00
Margarine (pound)
Shortening (pound)
Milk (½ gallon)
Potato chips
$0.81
18
27
0.84
5
1.88
9
1.44
70
2.89
65
2.91
27
3.99
33
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