8. Given the data in the adjoining Table,Commoditieswhere p and q respectively stand for price and quantity andsubscripts stand for time period, find x, if the ratio betweenLaspeyre's (L) and Paasche's (P) index numbers isAPo11052L:P :: 28 : 275

Answered: Image /qna-images/answer/dc95866e-4ffa-4fe8-9eeb-0ec29a423be1.jpg

Answered: Commodities 8. Given the data in the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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For each of the variables described below, indicate whether it is a quantitative or a categorical (qualitative) variable. Also, indicate the level of measurement for the variable: nominal, ordinal, interval, or ratio. Make sure your responses are the most specific possible. Variable Type of variable Level of measurement X S ? O Nominal O Quantitative O Ordinal (a) Temperature (in degrees Celsius) O Interval O Categorical O Ratio O Nominal O Quantitative O Ordinal (b) Closing price (in dollars) of a stock O Interval O Categorical O Ratio O Quantitative Occupation Categorical Save For Later Continue O Nominal Ordinal Interval Ratio 2022 McGraw HILLLC All Rights Reserved. acer Submit Assignment Terms of Use Privacy Center Accessibility
2015 2020 ITEM PRICE QUANTITY PRICE QUANTITY Cup of coffee 8.50 50 10.50 60 Toasted cheese sandwich 13.00 35 14.00 25 English muffin 9.00 120 9.50 138 The preliminary analysis of the data produced the following table: po qo p1 q1 poqo poq1 p1qo p1q1 8.50 50 10.50 60 425 510 525 630 13.00 35 14.00 25 455 325 490 350 9.00 120 9.50 138 1080 X 1140 1311 Σ W Y 2155 Using the table of analysis shown above, answer the following questions (use 2015 as the base year):
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Commodities 8. Given the data in the adjoining Table, where p and q respectively stand for price and quantity and subscripts stand for time period, find x, if the ratio between Laspeyre's (L) and Paasche's (P) index numbers is Po 1 1 10 90 L:P:: 28: 27 5 2