The following data gives prices of commodities in 1986 and1984. Calculate a price index number using Arithmetic mean.СоmmodityIIIIIIIVVPrice in 19861622123036Price in 1984111572530

Given: commodity price in 1984 price in 1986 I 11 16 II 15 22 III 7 12 IV 25 30 V 30…

Answered: The following data gives prices of…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The following data gives prices of commodities in 1986 and 1984. Calculate a price index number using Arithmetic mean. Commodity I II III IV V Price in 1986 16 22 12 30 36 Price in 1984 11 15 7 25 30