EXAMPLE 26. Given below are the average wholesale prices of four commodities, A, B, C, and D.WeightAverage wholesale priceСommodity%20112012201320142015A304.506.007.509.0010.50B4010.008.0012.0012.0015.00C102.002.503.004.005.00D201.503.004.506.0012.00Taking 2011 as the base, calculate the price index number for 2012, 2013, 2014 and 2015 bysuitable method.

Index numbers are statistical devices designed to measure the relative change in the level of…

Answered: EXAMPLE 26. Given below are the average…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A large manufacturer purchases an identical component from three independent suppliers that differ in unit price and quantity supplied. The relevant data for 2012 and 2014 are given here. Unit Price ($) Supplier Quantity (2012) 2012 2014 A 150 5.45 6.00 B 200 5.60 5.95 C 160 5.50 6.20 (a) Compute the price relatives for each of the component suppliers separately. (Round your answers to the nearest integer.) Item Price Relative A ? B ? C ? Compare the price increases by the suppliers over the two-year period. (all/some/no)?? prices increased, with the greatest price relative being from supplier (a,b,c)?? and the smallest price relative being from supplier (a,b,c)?? . (b)Compute an unweighted aggregate price index for the component part in 2014. (Round your answer to the nearest integer.) I2014 = ?? (c)Compute a 2014 weighted aggregate price index for the component part. (Round your answer to the nearest integer.) I2014 = ?? What is…
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