IOG Technologies offers semiconductor and system solutions for automotive industrial and multimarket sectors for applications in communication. The following data relates to the production of three products manufactured by them: Product Price (RM) Quantity 2000 2016 2000 2016 BD-1005 3.00 3.20 60 80 LCM-2134 2.00 2.50 100 90 DDK-456 3.50 4.00 500 700 Determine the Laspeyres Price Index (LPI) and Paasche Price Index (PPI) for 2016 using 2000 as the base period.
IOG Technologies offers semiconductor and system solutions for automotive industrial and multimarket sectors for applications in communication. The following data relates to the production of three products manufactured by them: Product Price (RM) Quantity 2000 2016 2000 2016 BD-1005 3.00 3.20 60 80 LCM-2134 2.00 2.50 100 90 DDK-456 3.50 4.00 500 700 Determine the Laspeyres Price Index (LPI) and Paasche Price Index (PPI) for 2016 using 2000 as the base period.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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- IOG Technologies offers semiconductor and system solutions for automotive industrial and multimarket sectors for applications in communication. The following data relates to the production of three products manufactured by them:
Product |
Price (RM) |
Quantity |
||
2000 |
2016 |
2000 |
2016 |
|
BD-1005 |
3.00 |
3.20 |
60 |
80 |
LCM-2134 |
2.00 |
2.50 |
100 |
90 |
DDK-456 |
3.50 |
4.00 |
500 |
700 |
Determine the Laspeyres Price Index (LPI) and Paasche Price Index (PPI) for 2016 using 2000 as the base period.
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