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The table below gives detail of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 as base. Commodity Rice Wheat Price per unit 1995 ($) Price per unit 1997 ($) 40 Consumption saiue 1995 |(S) 800 400 760 1,100 48 25 27 oil 95 105 Fish 110 120 Milk 80 100 480

The table below gives detail of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 as base. Commodity Rice Wheat Price per unit 1995 ($) Price per unit 1997 ($) 40 Consumption saiue 1995 |(S) 800 400 760 1,100 48 25 27 oil 95 105 Fish 110 120 Milk 80 100 480

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 table below gives detail of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 as base. Consumption saiue 1995 ($) Commodity Rice Wheat Price per unit 1995 ($) Price per unit 1997 ($) 40 800 400 760 1,100 48 25 27 oil 95 105 120 100 Fish 110 Milk 80 480
Transcribed Image Text:The table below gives detail of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 as base. Consumption saiue 1995 ($) Commodity Rice Wheat Price per unit 1995 ($) Price per unit 1997 ($) 40 800 400 760 1,100 48 25 27 oil 95 105 120 100 Fish 110 Milk 80 480
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