MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base.
2010
2018
Fruit
Price
$0.28
Quantity
Price
$0.34
Quantity
115
Bananas (pound)
Grapefruit (each)
Apples (pound)
Strawberries (basket)
Oranges (bag)
100
0.26
50
0.46
60
0.33
85
e.74
85
1.02
8
1.56
10
0.89
1.16
9
%media:2excel.ext% Click here for the Excel Data File
a. Determine the simple price indexes. (Round your answers to 2 decimal places.)
Fruit
Simple index
Bananas
Grapefruit
Apples
Strawberries
Oranges
b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.)
Simple aggregate price index
c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.)
Laspeyres price index
d. Determine the Paasche price index. (Round your answer to 2 decimal places.)
Paasche price index
e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.)
Fisher's ideal index
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Transcribed Image Text:Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base. 2010 2018 Fruit Price $0.28 Quantity Price $0.34 Quantity 115 Bananas (pound) Grapefruit (each) Apples (pound) Strawberries (basket) Oranges (bag) 100 0.26 50 0.46 60 0.33 85 e.74 85 1.02 8 1.56 10 0.89 1.16 9 %media:2excel.ext% Click here for the Excel Data File a. Determine the simple price indexes. (Round your answers to 2 decimal places.) Fruit Simple index Bananas Grapefruit Apples Strawberries Oranges b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.) Simple aggregate price index c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) Laspeyres price index d. Determine the Paasche price index. (Round your answer to 2 decimal places.) Paasche price index e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.) Fisher's ideal index
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