Example 20.18) The price relatives and weights of a set of commodities are given in the following table:C₁C₂C3C₁119Commodity125127120W₁W₂+3Price relativeW 22W₁WeightIf the index for the set is 122 and the sum of the weights is 40, find W₁ and W₂.

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Answered: Example 20.18 The price relatives and…

A First Course in Probability (10th Edition)

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Chapter1: Combinatorial Analysis

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Example 20.18 The price relatives and weights of a set of commodities are given in the following table: Commodity C₁ C₂ C3 C₁ Price relative 120 127 125 119 Weight 2W₁ W ₂ W₁ W₂+3 If the index for the set is 122 and the sum of the weights is 40, find W, and W₂.