Y Example 11. The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year. Calculate the weighted index by using the weighted average of price relatives: Items Base year quantities (Units) Current year Base year price (in Rs.) price (in Rs.) A 7 18.00 21.60 B 3.00 4.65 C 16 7.50 9.00 21 2.50 2.25
Y Example 11. The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year. Calculate the weighted index by using the weighted average of price relatives: Items Base year quantities (Units) Current year Base year price (in Rs.) price (in Rs.) A 7 18.00 21.60 B 3.00 4.65 C 16 7.50 9.00 21 2.50 2.25
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
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