Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given. Price Quantity 2010 Item Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) 2010 24 2018 2018 0.82 %24 0.86 1, 000 5,000 60, 000 500 1, 200 4, 000 60, 000 4.37 2.99 71.21 58.15 1,743.60 1, 292.53 600 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.)

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Author:Amos Gilat
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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.
Price
Quantity
Item
2010
2018
2010
Aluminum (cents per pound)
Natural gas $ per million BLA
Petroleum (barrel)
Platinum (troy ounce)
2018
1, 200
4,000
60,000
0.82
%$4
0.86
1, 000
4.37
2.99
5, 000
71.21
58.15
60, 000
1,743.60
1, 292.53
500
600
E 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 price index
Transcribed Image Text:Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given. Price Quantity Item 2010 2018 2010 Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) 2018 1, 200 4,000 60,000 0.82 %$4 0.86 1, 000 4.37 2.99 5, 000 71.21 58.15 60, 000 1,743.60 1, 292.53 500 600 E 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 price index
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