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Calculate the Paasche Quantity Index (%) for the dataset above

Calculate the Paasche Quantity Index (%) for the dataset above

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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The average price of a 30 cm ruler, an eraser, an HB pencil and a black felt-tip pen were recorded in both 2017 and 2022 as below. (Prices are in rands). Time left 2:45 Item Ruler Eraser Pencil Pen a. 98.52 O b. 115.63 115.63 Price (R) O C. O d. 110.96 17 7.3 5.5 15.8 2017 Number sold (in millions) 7.5 4.2 12.6 8.5 Price (R) 23.7 12.5 8.7 22.9 Calculate the Paasche Quantity Index (%) for the dataset above 2022 Number sold (in millions) 8.2 5.1 13.5 9.5
Transcribed Image Text:The average price of a 30 cm ruler, an eraser, an HB pencil and a black felt-tip pen were recorded in both 2017 and 2022 as below. (Prices are in rands). Time left 2:45 Item Ruler Eraser Pencil Pen a. 98.52 O b. 115.63 115.63 Price (R) O C. O d. 110.96 17 7.3 5.5 15.8 2017 Number sold (in millions) 7.5 4.2 12.6 8.5 Price (R) 23.7 12.5 8.7 22.9 Calculate the Paasche Quantity Index (%) for the dataset above 2022 Number sold (in millions) 8.2 5.1 13.5 9.5
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