EBK STATISTICS FOR BUSINESS & ECONOMICS
EBK STATISTICS FOR BUSINESS & ECONOMICS
12th Edition
ISBN: 9780100460461
Author: Anderson
Publisher: YUZU
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Chapter 20.3, Problem 9E

Compute the price relatives for the R&B Beverages products in exercise 4. Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method.

  4. R&B Beverages, Inc., provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow.

  Chapter 20.3, Problem 9E, Compute the price relatives for the RB Beverages products in exercise 4. Use a weighted average of

Compute a weighted aggregate index for the R&B Beverage sales in 2014, with 2011 as the base period.

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