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The following table provides information on the number of claims (in 1 000s), as well as the average value of claims (in R 1000) for the year 2003 and 2006 at a certain medical aid. Type of claim 2003 2006 G.practitioners Medicine Dental 22 55 16 Specialist 36 Hospitalisation 18 Number of claims D. 125.34 Average claim Number of claims 42 120 190 220 360 32 78 26 28 20 Average claims 56 158 180 260 420 Find the Laspeyres quantity indices for 2006 with 2003 as the base period for the claims of the medical aid company. OA. 116.18 B. 145.67 O C. 128.34

The following table provides information on the number of claims (in 1 000s), as well as the average value of claims (in R 1000) for the year 2003 and 2006 at a certain medical aid. Type of claim 2003 2006 G.practitioners Medicine Dental 22 55 16 Specialist 36 Hospitalisation 18 Number of claims D. 125.34 Average claim Number of claims 42 120 190 220 360 32 78 26 28 20 Average claims 56 158 180 260 420 Find the Laspeyres quantity indices for 2006 with 2003 as the base period for the claims of the medical aid company. OA. 116.18 B. 145.67 O C. 128.34

MATLAB: An Introduction with Applications
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 table provides information on the number of claims (in 1 000s), as well as the average value of claims (in R. 1000) for the year 2003 and 2006 at a certain medical aid. Type of claim 2003 2006 Average claim Number of claims 32 78 26 Number of claims G.practitioners Medicine Dental Specialist 36 Hospitalisation 18 22 55 16 42 120 190 220 360 28 20 Average claims 56 158 180 260 420 Find the Laspeyres quantity indices for 2006 with 2003 as the base period for the claims of the medical aid company. O A. 116.18 OB. 145.67 O C. 128.34 OD. 125.34
Transcribed Image Text:The following table provides information on the number of claims (in 1 000s), as well as the average value of claims (in R. 1000) for the year 2003 and 2006 at a certain medical aid. Type of claim 2003 2006 Average claim Number of claims 32 78 26 Number of claims G.practitioners Medicine Dental Specialist 36 Hospitalisation 18 22 55 16 42 120 190 220 360 28 20 Average claims 56 158 180 260 420 Find the Laspeyres quantity indices for 2006 with 2003 as the base period for the claims of the medical aid company. O A. 116.18 OB. 145.67 O C. 128.34 OD. 125.34
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Data is given for 2003 and 2006

We have to calculate laspeyres quantity index 

Base year 2003

 

 

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