Following are the quantities and prices for the years 2010 and 2018 for Kinzua Valley Geriatrics. Use 2010 as the base period. 2010 2018ItemPriceQuantity PriceQuantitySyringes (dozen)$6.94 1,332 $6.18 1,957 Thermometers 8.32 5 16.38 15 Advil (bottle) 4.69 283 8.89 295 Patient record forms (box) 6.19 924 9.82 1,027 Copier paper (box) 10.48 55 25.96 81 %media:2excel.ext% Click here for the Excel Data File a. Determine the simple price indexes. (Round your answers to 2 decimal places.) b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.) c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) d. Determine the Paasche price index. (Round your answer to 2 decimal places.) e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.)
Following are the quantities and prices for the years 2010 and 2018 for Kinzua Valley Geriatrics. Use 2010 as the base period.
2010 2018ItemPriceQuantity PriceQuantitySyringes (dozen)$6.94 1,332 $6.18 1,957 Thermometers 8.32 5 16.38 15 Advil (bottle) 4.69 283 8.89 295 Patient record forms (box) 6.19 924 9.82 1,027 Copier paper (box) 10.48 55 25.96 81
%media:2excel.ext% Click here for the Excel Data File
a. Determine the simple price indexes. (Round your answers to 2 decimal places.)
b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.)
c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.)
d. Determine the Paasche price index. (Round your answer to 2 decimal places.)
e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.).
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