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The prices for several "staple" food items for the years 2000 and 2009. Compute the Laspeyres price index for this group of items using 2000-100. Item Bread (white, loaf) Milk (white, litre) Eggs (white, dozen) Flour (white, 11.36kg) Butter (salted, 500g) 89.6 186.2 182.5 152.8 2000 Cost ($) 0.87 0.93 1.65 5.15 1.76 Quantity 51 93 17 3 13 2009 Cost ($) Quantity 2.47 1.65 1.87 9.25 2.17 63 113 19 6 15

The prices for several "staple" food items for the years 2000 and 2009. Compute the Laspeyres price index for this group of items using 2000-100. Item Bread (white, loaf) Milk (white, litre) Eggs (white, dozen) Flour (white, 11.36kg) Butter (salted, 500g) 89.6 186.2 182.5 152.8 2000 Cost ($) 0.87 0.93 1.65 5.15 1.76 Quantity 51 93 17 3 13 2009 Cost ($) Quantity 2.47 1.65 1.87 9.25 2.17 63 113 19 6 15

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
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The prices for several "staple" food items for the years 2000 and 2009. Compute the Laspeyres price index for this group of items using 2000-100. Item Bread (white, loaf) Milk (white, litre) Eggs (white, dozen) Flour (white, 11.36kg) Butter (salted, 500g) 89.6 186.2 182.5 152.8 2000 Cost ($) 0.87 0.93 1.65 5.15 1.76 Quantity 51 93 17 3 13 2009 Cost ($) Quantity 2.47 1.65 1.87 9.25 2.17 63 113 19 6 15
Transcribed Image Text:The prices for several "staple" food items for the years 2000 and 2009. Compute the Laspeyres price index for this group of items using 2000-100. Item Bread (white, loaf) Milk (white, litre) Eggs (white, dozen) Flour (white, 11.36kg) Butter (salted, 500g) 89.6 186.2 182.5 152.8 2000 Cost ($) 0.87 0.93 1.65 5.15 1.76 Quantity 51 93 17 3 13 2009 Cost ($) Quantity 2.47 1.65 1.87 9.25 2.17 63 113 19 6 15
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