Determine the following a) simple average of the price Indexes: b) simple aggregate Index: c)  Lespeyres Price Index: d) Paasche Price Index:

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Determine the following

a) simple average of the price Indexes:

b) simple aggregate Index:

c)  Lespeyres Price Index:

d) Paasche Price Index:

2019 Price 2019
(Rands)
2020 Price
2020
Items
Quantity
(Rands)
Quantity
Bread, white ,cost per pound
10.78
50
12.46
55
Eggs, dozen
25.9
26
25.76
20
Milk, gallon, white
12.32
102
14.14
130
Apples, Red Delicious,1 pound
20.44
30
21.84
40
Orange Juice, 12 Oz Concentrated
22.12
40
23.8
41
Coffee, 100% ground roasted, 1 pound
61.6
12
64.68
12
Transcribed Image Text:2019 Price 2019 (Rands) 2020 Price 2020 Items Quantity (Rands) Quantity Bread, white ,cost per pound 10.78 50 12.46 55 Eggs, dozen 25.9 26 25.76 20 Milk, gallon, white 12.32 102 14.14 130 Apples, Red Delicious,1 pound 20.44 30 21.84 40 Orange Juice, 12 Oz Concentrated 22.12 40 23.8 41 Coffee, 100% ground roasted, 1 pound 61.6 12 64.68 12
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