EBK STATISTICS FOR BUSINESS & ECONOMICS
12th Edition
ISBN: 9780100460461
Author: Anderson
Publisher: YUZU
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Chapter 20.5, Problem 12E
Shipments of product from manufacturer to the retailer are tracked by the U.S. Census Bureau. The value of shipments for computer and electronic products in September 2009, 2010, and 2011 are shown in the table below, along with the CPI and PPI for each of these months.
| Manufacturer Shipments ($ billions) | CPI | PPI | |
| 2009 | $29.1 | 216.0 | 173.4 |
| 2010 | $33.3 | 218.4 | 180.2 |
| 2011 | $32.9 | 226.9 | 192.5 |
- a. Use the CPI to deflate the value of the shipped computer and electronics products.
- b. Use the PPI to deflate the value of the shipped computer and electronics products.
- c. Which index, the CPI or PPI, do you feel is more appropriate for deflating these shipment values? Why?
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Chapter 20 Solutions
EBK STATISTICS FOR BUSINESS & ECONOMICS
Ch. 20.2 - The following table reports prices and usage...Ch. 20.2 - An item with a price relative of 132 cost 10.75 in...Ch. 20.2 - A large manufacturer purchases an identical...Ch. 20.2 - Prob. 4ECh. 20.2 - Under the last-in, first-out (LIFO) inventory...Ch. 20.3 - Price relatives for three items, along with...Ch. 20.3 - The Mitchell Chemical Company produces a special...Ch. 20.3 - Prob. 8ECh. 20.3 - Compute the price relatives for the RB Beverages...Ch. 20.5 - Registered nurses in 2007 made an average hourly...
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