Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 17, Problem 5E
a.
To determine
To develop: A simple price index using August
b.
To determine
To develop: A simple aggregate price index using
c.
To determine
To find: The Laspeyres’ price index using
d.
To determine
To find: The Paasche’s index using
e.
To determine
To find: The Fisher’s ideal index.
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Students have asked these similar questions
2015
2020
ITEM
PRICE
QUANTITY
PRICE
QUANTITY
Cup of coffee
8.50
50
10.50
60
Toasted cheese sandwich
13.00
35
14.00
25
English muffin
9.00
120
9.50
138
The preliminary analysis of the data produced the following table:
po
qo
p1
q1
poqo
poq1
p1qo
p1q1
8.50
50
10.50
60
425
510
525
630
13.00
35
14.00
25
455
325
490
350
9.00
120
9.50
138
1080
X
1140
1311
Σ
W
Y
2155
Using the table of analysis shown above, answer the following questions (use 2015 as the base year):
3. Create a spreadsheet and chart from the following data below. You will need the following
column labels:
Description, Quantity, Cost per Item, Order Subtotal, HST (13%), Net Total.
4. Using the correct formulas calculate totals.
5. Once completed, create a bar chart using info from net total for your data. Have items shown
in the pie chart.
6. MAKE SURE THAT IF FITS ON ONE SHEET.
Use the following as your data, but you decide the quantity for each item:
Note Pad
Highlighter Pen
price per 2.25;
price per 3.40;
price per 1.50
price per 1.50,
price per 3.10, |
price per 6.25,
price per 4.85,
price per 0.99,
price per 0.95,
price per 3.00,
price per 1.99,
price per 4.99,
Ball Point Pen Blue
BallPoint Pen Red
Manila Folders
A4 Refill Pad
Writing Pad
Pencil Sharpeners
Pencils
Colour Pencils
Felt Pens
Staples pack
Stapler
price per 11.95,
price per 14.95,
Hole Punch
Ring Binder
price per 8.95.
Below is information on food items for the years 2000 and 2009.a. Compute a simple price index for each of the four items. Use 2000 as the base period.b. Compute a simple aggregate price index. Use 2000 as the base period.c. Compute weighted aggregate index number. Use 2000 as the base period.
Chapter 17 Solutions
Statistical Techniques in Business and Economics
Ch. 17 - Prob. 1.1SRCh. 17 - Prob. 1.2SRCh. 17 - Prob. 1ECh. 17 - Prob. 2ECh. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 2SRCh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Prob. 7E
Ch. 17 - Prob. 8ECh. 17 - Prob. 3SRCh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 4SRCh. 17 - Prob. 11ECh. 17 - Prob. 5SRCh. 17 - Prob. 6SRCh. 17 - Prob. 7SRCh. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 15ECh. 17 - Prob. 16ECh. 17 - Prob. 17CECh. 17 - Prob. 18CECh. 17 - Prob. 19CECh. 17 - Prob. 20CECh. 17 - Prob. 21CECh. 17 - Prob. 22CECh. 17 - Prob. 23CECh. 17 - Prob. 24CECh. 17 - Prob. 25CECh. 17 - Prob. 26CECh. 17 - Prob. 27CECh. 17 - Prob. 28CECh. 17 - Prob. 29CECh. 17 - Prob. 30CECh. 17 - Prob. 31CECh. 17 - Prob. 32CECh. 17 - Prob. 33CECh. 17 - Prob. 34CECh. 17 - Prob. 35CECh. 17 - Prob. 36CECh. 17 - Prob. 37CECh. 17 - Prob. 38CECh. 17 - Prob. 39CECh. 17 - Prob. 40CECh. 17 - Prob. 41CECh. 17 - Prob. 42CECh. 17 - Prob. 43CECh. 17 - Prob. 44CECh. 17 - Prob. 45CECh. 17 - Prob. 46CECh. 17 - Prob. 47CECh. 17 - Prob. 48CECh. 17 - Prob. 49CECh. 17 - Prob. 50CECh. 17 - Prob. 51CECh. 17 - Prob. 52CECh. 17 - Prob. 53CECh. 17 - Prob. 54CECh. 17 - Prob. 55CE
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