Price (Cents/Gal) in Year 1996 2010 2017 Premium 114 240 272 Unleaded plus Regular unleaded 103 230 258 93 221 241

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Based on the following data, develop a weighted index for the price of a gallon of gasoline in 2017, when 1996 is the reference year having an index value of 99.2. The weight placed on regular unleaded gasoline is three times that of either premium or unleaded plus, because roughly three times as much regular unleaded is sold compared with premium or unleaded plus.

Price (Cents/Gal) in Year
1996
2010
2017
Premium
114
240
272
Unleaded plus
Regular unleaded
103
230
258
93
221
241
Transcribed Image Text:Price (Cents/Gal) in Year 1996 2010 2017 Premium 114 240 272 Unleaded plus Regular unleaded 103 230 258 93 221 241
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