Year 1990 1995 2000 2005 Quantity/Price Quantity Price Quantity Price Quantity Price Quantity Price Good 1 98 16 103 15 104 28 137 35 Good 2 45 39 30 38 60 43 74 55 Good 3 50 89 18 73 20 105 24 Total value 3573 4287 6952 11385 Answer the following questions. Round your answers to the nearest first decimal. a. Compute the 2000 Laspeyres quantity index base 100 = 1990. 122.3 b. Compute the 1990 Laspeyres price index base 100 = 2005. 49.2 c. Compute the 2005 Paasche quantity index base 100 = 1995. 154.0

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question
Year
1990
1995
2000
2005
Quantity/Price
Quantity
Price
Quantity
Price
Quantity
Price
Quantity
Price
Good 1
98
104
28
137
35
Good 2
45
39
38
60
43
74
55
Good 3
89
73
20
105
24
Total value
3573
4287
6952
11385
Answer the following questions. Round your answers to the nearest first decimal.
a. Compute the 2000 Laspeyres quantity index base 100 = 1990.
122.3
b. Compute the 1990 Laspeyres price index base 100 = 2005.
49.2
c. Compute the 2005 Paasche quantity index base 100 = 1995.
154.0
d. Compute the 1995 Paasche price index base 100 = 1990.
131.4
e. Compute the 2005 Fisher price index base 100 = 1995.
170.44
f. Compute the 2000 chained Fisher price index base 100 = 1990.
170.0
Transcribed Image Text:Year 1990 1995 2000 2005 Quantity/Price Quantity Price Quantity Price Quantity Price Quantity Price Good 1 98 104 28 137 35 Good 2 45 39 38 60 43 74 55 Good 3 89 73 20 105 24 Total value 3573 4287 6952 11385 Answer the following questions. Round your answers to the nearest first decimal. a. Compute the 2000 Laspeyres quantity index base 100 = 1990. 122.3 b. Compute the 1990 Laspeyres price index base 100 = 2005. 49.2 c. Compute the 2005 Paasche quantity index base 100 = 1995. 154.0 d. Compute the 1995 Paasche price index base 100 = 1990. 131.4 e. Compute the 2005 Fisher price index base 100 = 1995. 170.44 f. Compute the 2000 chained Fisher price index base 100 = 1990. 170.0
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