Determine a value index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.) Value index

MATLAB: An Introduction with Applications
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Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given.

 

Use the following price information for selected items for 2010 and 2018. Production figures for those
two periods are also given.
Item
Aluminum (cents per pound)
Natural gas $ per million BLA
Petroleum (barrel)
Platinum (troy ounce)
Click here for the Excel Data File
$
Value index
2010
Price
0.82
4.37
71.21
1,743.60
$
2018
0.86
2.99
58.15
1,292.53
Quantity
2010
1,000
5,000
60,000
500
2018
1,200
4,000
60,000
600
Determine a value index for 2018 using 2010 as the base period. (Round your answer to 2 decimal
places.)
Transcribed Image Text:Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given. Item Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) Click here for the Excel Data File $ Value index 2010 Price 0.82 4.37 71.21 1,743.60 $ 2018 0.86 2.99 58.15 1,292.53 Quantity 2010 1,000 5,000 60,000 500 2018 1,200 4,000 60,000 600 Determine a value index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)
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