In calculating cost of living index number, the weights used were : Food 8 18, Rent 2, Clothing 32, Fuel and Light 1 and Miscellaneous 2. Calculate the index number in the case of data where the percentage increases in the prices of the various items in 2017 over prices of 2016 were 40, 75, 60, 35, and 80 respectively.

MATLAB: An Introduction with Applications
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In calculating cost of living index number, the weights used
were : Food 8 18, Rent 2, Clothing 32, Fuel and Light 1 and
Miscellaneous 2. Calculate the index number in the case of data
where the percentage increases in the prices of the various
items in 2017 over prices of 2016 were 40, 75, 60, 35, and 80
respectively.
Transcribed Image Text:In calculating cost of living index number, the weights used were : Food 8 18, Rent 2, Clothing 32, Fuel and Light 1 and Miscellaneous 2. Calculate the index number in the case of data where the percentage increases in the prices of the various items in 2017 over prices of 2016 were 40, 75, 60, 35, and 80 respectively.
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