d. Determine the Paasche price index. (Round your answer to 2 decimal places.) Paasche price index e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.) Fisher's ideal index

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d. Determine the Paasche price index. (Round your answer to 2 decimal places.)
Paasche price index
e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.)
Fisher's ideal index
Transcribed Image Text:d. Determine the Paasche price index. (Round your answer to 2 decimal places.) Paasche price index e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.) Fisher's ideal index
Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base.
Fruit
Bananas (pound)
Grapefruit (each)
Apples (pound)
Strawberries (basket)
Oranges (bag)
Price
$0.25
0.29
0.34
1.00
0.90
2010
Quantity
100
50
85
8
6
Price
$0.35
0.46
0.69
2.60
1.11
2018
Quantity
123
59
85
11
7
Transcribed Image Text:Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base. Fruit Bananas (pound) Grapefruit (each) Apples (pound) Strawberries (basket) Oranges (bag) Price $0.25 0.29 0.34 1.00 0.90 2010 Quantity 100 50 85 8 6 Price $0.35 0.46 0.69 2.60 1.11 2018 Quantity 123 59 85 11 7
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