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 and current year. Commodity 2000 2005 Price (K) Quantity Price (K) Quantity A 15 15 22 12 B 20 5 27 4 C 4 10 7 5 Compute the following price index numbers for 2005 from the above table: Laspeyre’s price index number Paasche’s price index number

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 and current year. Commodity 2000 2005 Price (K) Quantity Price (K) Quantity A 15 15 22 12 B 20 5 27 4 C 4 10 7 5 Compute the following price index numbers for 2005 from the above table: Laspeyre’s price index number Paasche’s price index number

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.2: Representing Data

Problem 22PFA

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Commodity		2000		2005

	Price (K)		Quantity	Price (K)	Quantity

A	15		15	22	12
B	20		5	27	4
C	4		10	7	5