Mean Shipping Cost per Unit ($) Base-Period Quantities (Year 1) Products Year 1 Year 5 A 2,500 10.50 15.90 B 5,000 16.25 31.00 6,000 12.20 17.40 D 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.) 1. =

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Chapter1: Starting With Matlab
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A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products.
Mean Shipping Cost
per Unit ($)
Base-Period
Quantities (Year 1)
Products
Year 1
Year 5
A
2,500
10.50
15.90
5,000
16.25
31.00
6,000
12.20
17.40
D
2,500
20.00
35.50
Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.)
I5 =
Transcribed Image Text:A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Base-Period Quantities (Year 1) Products Year 1 Year 5 A 2,500 10.50 15.90 5,000 16.25 31.00 6,000 12.20 17.40 D 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.) I5 =
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