Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given. Item Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) Click here for the Excel Data File Item Aluminum Natural gas Petroleum Platinum $ Simple price index 2010 Price 0.82 4.37 71.21 1,743.60 $ 2018 0.86 2.99 58.15 1,292.53 Quantity Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your answers to 1 decimal place.) 2010 1,000 5,000 60,000 500 2018 1,200 4,000 60,000 600
Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given. Item Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) Click here for the Excel Data File Item Aluminum Natural gas Petroleum Platinum $ Simple price index 2010 Price 0.82 4.37 71.21 1,743.60 $ 2018 0.86 2.99 58.15 1,292.53 Quantity Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your answers to 1 decimal place.) 2010 1,000 5,000 60,000 500 2018 1,200 4,000 60,000 600
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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Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given.
Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your answers to 1 decimal place.)
![Use the following price information for selected items for 2010 and 2018. Production figures for those
two periods are also given.
Item
Aluminum (cents per pound)
Natural gas $ per million BLA
Petroleum (barrel)
Platinum (troy ounce)
Click here for the Excel Data File
Item
Aluminum
Natural gas
Petroleum
Platinum
$
Simple price index
2010
Price
0.82
4.37
71.21
1,743.60
$
2018
0.86
2.99
58.15
1,292.53
Quantity
Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your
answers to 1 decimal place.)
2010
1,000
5,000
60,000
500
2018
1,200
4,000
60,000
600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F947cd668-af8f-4309-a265-7efb2d0b845a%2Fb29de34d-4289-49fb-8aef-e46bd23281bd%2Fda29wwc_processed.png&w=3840&q=75)
Transcribed Image Text:Use the following price information for selected items for 2010 and 2018. Production figures for those
two periods are also given.
Item
Aluminum (cents per pound)
Natural gas $ per million BLA
Petroleum (barrel)
Platinum (troy ounce)
Click here for the Excel Data File
Item
Aluminum
Natural gas
Petroleum
Platinum
$
Simple price index
2010
Price
0.82
4.37
71.21
1,743.60
$
2018
0.86
2.99
58.15
1,292.53
Quantity
Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your
answers to 1 decimal place.)
2010
1,000
5,000
60,000
500
2018
1,200
4,000
60,000
600
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