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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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