The following information is on food items for the years 2010 and 2018. 2010 2018 Item Price Quantity $0.81 Price Quantity Margarine (pound) Shortening (pound) Milk (1/2 gallon) Potato chips 18 $2.00 27 0.84 1.88 6. 1.44 70 2.89 65 2.91 27 3.99 33 Click here for the Excel Data File Compute Paasche's index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.) Paasche's index

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Author:Amos Gilat
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The following information is on food items for the years 2010 and 2018.
2010
2018
Item
Price Quantity
$0.81
Price
Quantity
27
Margarine (pound)
Shortening (pound)
Milk (1/2 gallon)
Potato chips
18
$2.00
0.84
1.88
6.
1.44
70
2.89
65
2.91
27
3.99
33
Click here for the Excel Data File
Compute Paasche's index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)
Paasche's index
Transcribed Image Text:The following information is on food items for the years 2010 and 2018. 2010 2018 Item Price Quantity $0.81 Price Quantity 27 Margarine (pound) Shortening (pound) Milk (1/2 gallon) Potato chips 18 $2.00 0.84 1.88 6. 1.44 70 2.89 65 2.91 27 3.99 33 Click here for the Excel Data File Compute Paasche's index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.) Paasche's index
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